2025年19家企业登陆科创板 11家选标准一4家选标准四

Core Insights - In 2025, a total of 116 new companies are expected to be listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 131.77 billion yuan [1] - The Sci-Tech Innovation Board (科创板) will see 19 companies listed, collectively raising 38.06 billion yuan [1] Listing Standards - 11 companies, including Qiangyi Co., Jianxin Superconducting, and Youxun Co., opted for the first set of listing standards, which require a market value of at least 1 billion yuan and positive net profits over the last two years totaling at least 50 million yuan, or a market value of at least 1 billion yuan with positive net profit and revenue of at least 100 million yuan in the last year [1] - Moer Thread chose a higher standard requiring a market value of at least 1.5 billion yuan, with revenue of at least 200 million yuan in the last year and R&D investment accounting for at least 15% of total revenue over the last three years [1] - Companies like Muxi Co., Bai'ao Saitu, and Xian Yicai selected a standard requiring a market value of at least 3 billion yuan and revenue of at least 300 million yuan in the last year [2] Specific Company Listings - Qiangyi Co. raised 2.756 billion yuan, with underwriting fees of 192.05 million yuan, and is categorized under the first standard [3] - Jianxin Superconducting raised 779 million yuan, with underwriting fees of 59.52 million yuan, also under the first standard [3] - Muxi Co. raised 4.197 billion yuan, with underwriting fees of 267.23 million yuan, categorized under the fourth standard [3] - Angrui Micro raised 2.067 billion yuan, with underwriting fees of 114.87 million yuan, meeting the sixth standard [3] - He Yuan Bio and Biobetter both selected the fifth standard, requiring a market value of at least 4 billion yuan and significant regulatory approval for their products [2][3]