今日申购：海菲曼

Group 1 - The core viewpoint of the article is that HIFIMAN Technology Group Co., Ltd. is preparing for an initial public offering (IPO) on the Beijing Stock Exchange, aiming to raise approximately 43 million yuan for various projects [2] - HIFIMAN is recognized as one of the few high-end audio brands in China with global influence, focusing on the design, research and development, production, and sales of its own brand "HIFIMAN" audio products, including headphones and playback devices [2] - The company plans to use the funds raised from the IPO for projects such as enhancing acoustic component production capacity, developing a nano-diaphragm and industrial DAC chip research center, and establishing a global brand and operations headquarters [2] Group 2 - The IPO is set to issue 10.527 million shares at a price of 19.71 yuan per share, with an expected total fundraising amount of 20.74876 million yuan after deducting issuance costs of 3.04981 million yuan [1][2] - As of the date of the prospectus, the controlling shareholder, Bian Fang, holds 58.03% of the company’s shares and, along with associated entities, controls 85.03% of the voting rights [2] - The online subscription date for the IPO is scheduled for February 24, 2026, with a maximum subscription limit of 473,700 shares per investor [1]