新年首批IPO现场检查涉20家中介，蓝箭航天中签，多家上市公司入股

Core Viewpoint - The China Securities Association (CSRC) announced the first batch of on-site inspections for IPOs in 2026, including 11 companies from various industries, with a significant focus on the aerospace sector represented by Blue Arrow Aerospace, which is poised to become a leading player in commercial spaceflight [3][4][7]. Group 1: IPO Inspection and Company Overview - The 11 companies selected for on-site inspection include notable firms such as Luoyang Bearing Group Co., Ltd. and Blue Arrow Aerospace, with the majority of IPO applications being processed in December 2025 [3][4]. - Among the 11 companies, 6 are targeting the Sci-Tech Innovation Board, while 4 are aiming for the Growth Enterprise Market, and only one, China Salt Industry Co., Ltd., is applying for the Main Board [3][4]. - As of January 6, 2026, there are 95 companies awaiting approval across the three major boards, with the Sci-Tech Innovation Board having the highest inspection rate at 15.79% [3][4]. Group 2: Financial Performance - Most of the 11 companies have shown revenue growth from 2022 to 2024, with China Salt Industry being the only exception, reporting a decline [4][16]. - Blue Arrow Aerospace reported revenues of 78,290 yuan in 2022, increasing to 3,643,190 yuan in the first half of 2025, but it has incurred significant losses, totaling 8.21 billion yuan in 2022 [8][19]. - Jiangsu Gaokai Precision Fluid Technology Co., Ltd. demonstrated a remarkable profit growth of 548% from 2022 to 2024, with net profits rising from 15.4 million yuan to 99.76 million yuan [4][16]. Group 3: Industry and Company Characteristics - The 11 companies are distributed across six provinces, with Guangdong having the highest concentration [5][16]. - The companies belong to five different industries, with the largest segment being "Computer, Communication, and Other Electronic Equipment Manufacturing," which includes five firms [5][16]. - Blue Arrow Aerospace is recognized as a pioneer in commercial spaceflight, having successfully launched China's first reusable liquid oxygen-methane rocket [8][19]. Group 4: Investment and Market Response - Several listed companies have disclosed their investments in Blue Arrow Aerospace, including Goldwind Technology, which holds a 4.14% stake [11][22]. - Following the successful launch of Blue Arrow's rockets, Goldwind Technology's stock price surged by 53.16%, reaching a new high [22][23]. - Other companies, such as Lansen Co., Ltd. and Srey New Materials, have also reported minor stakes in Blue Arrow Aerospace, indicating growing interest in the commercial aerospace sector [12][23].