Group 1: New Stock Subscription and Listings - A new stock subscription for GQ Down Material (001390.SZ) occurred on May 19, with two other stocks, Taili Technology (301595.SZ) and Weigao Blood Purification (603014.SH), being listed [1][2] Group 2: GQ Down Material - GQ Down Material focuses on the R&D, production, and sales of high-spec down products, primarily goose and duck down, serving the apparel and bedding industries [2] - The company aims to invest 2.82 billion yuan in a green manufacturing project for 2,800 tons of functional down, 0.54 billion yuan in upgrading its technology and R&D center, and 1.65 billion yuan for working capital [4] - GQ Down Material is a leader in the down materials industry in China, supplying approximately 12% of the down clothing market in 2022 [5][6] Group 3: Taili Technology - Taili Technology specializes in new materials R&D and vacuum technology applications, producing various home storage products and related functional materials [7] - The company plans to allocate 3.20 billion yuan for the construction of a production and logistics center, 0.74 billion yuan for a R&D center, and 1.00 billion yuan for working capital [11] - Taili Technology is the exclusive supplier of compression bags for China's aerospace sector, with products used in space missions [11] Group 4: Weigao Blood Purification - Weigao Blood Purification, established in 2004, focuses on the R&D, production, and sales of medical products for blood purification, including dialysis machines and related consumables [13] - The company intends to invest 3.42 billion yuan in intelligent production construction, 2.26 billion yuan in dialysis machine production, and 4.00 billion yuan for working capital [15][16] - Weigao Blood Purification holds a 32.5% market share in the domestic blood dialysis machine sector, ranking first in the industry [17]

登录新浪财经APP 搜索【信披】查看更多考评等级 特别提示 广东太力科技集团股份有限公司（以下简称"太力科技""发行人"或"公司"）首次公开发行2,707.0000万 股人民币普通股（A股）并在创业板上市（以下简称"本次发行"）的申请已于2023年8月11日经深圳证 券交易所（以下简称"深交所"）上市审核委员会审议通过，并已获中国证券监督管理委员会（以下简 称"中国证监会"）同意注册（证监许可〔2025〕308号）。本次发行的保荐人（主承销商）为民生证券 股份有限公司（以下简称"民生证券"或"保荐人（主承销商）"）。发行人的股票简称为"太力科技"，股 票代码为"301595"。 本次发行最终采用向参与战略配售的投资者定向配售（以下简称"战略配售"）、网下向符合条件的投资 者询价配售（以下简称"网下发行"）和网上向持有深圳市场非限售A股股份和非限售存托凭证市值的社 会公众投资者定价发行（以下简称"网上发行"）相结合的方式进行。 发行人与保荐人（主承销商）协商确定本次股票发行价格为17.05元/股，发行数量为2,707.0000万股， 本次发行不进行老股转让，发行股份全部为新股。本次发行的发行价格不超过剔除最高报 ...

Core Viewpoint - Tai Li Technology (301595.SZ) has initiated its subscription with an issue price of 17.05 yuan per share and a price-to-earnings ratio of 21.55 times, focusing on new materials and vacuum technology applications [1] Group 1: Company Overview - Tai Li Technology is a high-tech enterprise specializing in the research and development of new materials and the industrial application of vacuum technology, with a product range that includes vacuum storage, wall-mounted storage, modified atmosphere preservation, outdoor equipment, and safety protection [1] - The company exports its products to over 160 countries and regions globally and serves as a supplier for major retailers such as IKEA, Walmart, and Carrefour [1] - Tai Li Technology is the exclusive supplier of compression bags for China's space missions, having contributed to 25 successful space missions, ensuring the safety of astronauts and supporting national space strategies [1] Group 2: Financial Performance - The company reported revenues of approximately 623 million yuan, 638 million yuan, 835 million yuan, and 544 million yuan for the years 2021, 2022, 2023, and the first half of 2024, respectively [2] - Net profits for the same periods were approximately 43.58 million yuan, 58.87 million yuan, 84.98 million yuan, and 51.78 million yuan [2] - As of June 30, 2024, total assets amounted to approximately 707.77 million yuan, with equity attributable to shareholders of approximately 452.33 million yuan [3] Group 3: Sales and Marketing Strategy - The company primarily conducts online sales through platforms such as Tmall, Douyin, JD.com, and Amazon, with offline sales through supermarkets and distributors [1] - Online sales accounted for a significant portion of the company's main business revenue, with figures of approximately 477 million yuan, 493 million yuan, 654 million yuan, and 446 million yuan for the respective years, representing 77.37%, 78.23%, 79.43%, and 83.06% of total revenue [2][4] - The proportion of e-commerce platform fees relative to online main business revenue was 29.11%, 28.24%, 33.99%, and 36.52% during the reporting periods [4]

Group 1: Tai Li Technology - Tai Li Technology focuses on new material research and vacuum technology applications, producing a variety of household storage products and related functional materials [1][3] - The company has a market capitalization of 13.85 billion yuan and an issue price of 17.05 yuan per share, with an issuance P/E ratio of 21.55 [2] - Tai Li Technology is the exclusive supplier of vacuum compression bags for China's space missions, with products used in space 25 times, ensuring safety in a vacuum environment [3] - The company has implemented an omnichannel strategy, transitioning from traditional distribution to primarily online sales, covering major platforms in China and internationally [3] Group 2: Weigao Blood Purification - Weigao Blood Purification specializes in the research, production, and sales of medical products for blood purification, including hemodialysis devices and peritoneal dialysis solutions [4][5] - The company has a market capitalization of 26.50 billion yuan and an issue price of 27.57 yuan per share, with an issuance P/E ratio of 24.82 [5] - Weigao Blood Purification holds a 32.5% market share in the domestic hemodialysis device sector, ranking first in the industry [8] - The company has developed a neutral peritoneal dialysis solution in collaboration with a well-known international blood purification company, holding a 3.6% market share in the peritoneal dialysis solution sector [8] - Weigao Blood Purification has established a comprehensive anti-commercial bribery policy and conducts training for employees to mitigate risks associated with unethical practices in the industry [9]

Company Overview - Guangdong Taili Technology Group Co., Ltd. was established in 2003 and focuses on the research, manufacturing, and application of new composite materials, holding over 1,000 patents globally [2] - The company is a key collaborator in China's manned space program, having accompanied astronauts on 25 space missions, and is a supplier to major global retailers such as IKEA, Costco, and Walmart [2] - Taili's main business includes technology services, synthetic materials manufacturing and sales, household goods manufacturing, and various other related activities [2] Financial Performance - In 2024, the company reported a main revenue of 1.02 billion yuan, an increase of 22.07% year-on-year [5] - The net profit attributable to shareholders was 87.64 million yuan, up 3.16% year-on-year, while the net profit after deducting non-recurring gains and losses was 85.68 million yuan, an increase of 6.1% [5] - The company's debt ratio stands at 31.68%, with a gross profit margin of 57.55% [5] Industry Insights - The global plastic products market reached a size of 593 billion USD in 2021 and is projected to grow to 754.3 billion USD by 2027 [3] - The daily plastic products industry in China is characterized by low overall concentration, with many manufacturers and varying technical levels, leading to a competitive landscape [4] - The storage products industry is beginning to form a competitive structure, with leading brands like Taili, Jiabangshou, and Chahua representing the first tier, while smaller brands and manufacturers occupy lower tiers [4]

Core Viewpoint - Tai Li Technology has developed advanced functional materials and has become a key player in the global protective equipment market, leveraging its proprietary technologies and innovations in new materials [1][4]. Group 1: Company Overview - Tai Li Technology specializes in the research, development, and application of advanced functional materials, having established itself as a national high-tech enterprise over two decades [1][2]. - The company has launched its shares on the Shenzhen Stock Exchange's Growth Enterprise Market on May 19 [1]. - The founder, Shi Zhengbing, has dedicated his efforts to material research and development since the company's inception in the 1990s [2]. Group 2: Product Innovations - The company has created various innovative products, such as vacuum food preservation bags that significantly extend the shelf life of vegetables by maintaining a low-oxygen environment [2]. - Tai Li Technology has developed a vacuum suction cup using its proprietary TPE elastomer material, demonstrating strong adhesion and versatility across various applications [3]. - The company holds over 800 domestic and international patents, translating its technological advantages into market share, with a leading position in the vacuum storage bag category on Tmall [3]. Group 3: Technological Advancements - Tai Li Technology's products are designed to withstand the unique challenges of the aerospace environment, ensuring safety for astronauts by addressing risks associated with vacuum conditions [4]. - The company has developed flexible nano-composite materials with excellent cut and puncture resistance, which are crucial for protective gear [4]. - The proprietary nano-fluid material technology allows for rapid solid-liquid transformation, enhancing the protective capabilities of its products [4]. Group 4: Market Strategy and Future Plans - The company aims to expand its product offerings across various sectors, including home living, outdoor equipment, and industrial applications, while establishing a robust domestic and international sales network [5]. - Tai Li Technology plans to invest 320 million yuan in the construction of a production and logistics center in Wuhan, focusing on intelligent production lines for TPE elastomer materials [6]. - The company is committed to high-end, intelligent, and green development, with plans to innovate in areas such as self-cleaning materials and pressure-sensitive technologies [6].

Group 1 - The report indicates that the new stock market is showing signs of recovery, with a slight increase in trading sentiment, but a complete transformation from quantity to quality is still pending [1][12][24] - The average increase of new stocks listed since 2024 is approximately 1.9%, with about 63.1% of new stocks achieving positive returns [1][27][28] - The report highlights the importance of monitoring the consensus rebuilding process in the market, suggesting that a new active cycle for new stocks is anticipated [2][12][40] Group 2 - The report notes that the issuance of new stocks is gradually returning to normal, with the average issuance price-earnings ratio for new stocks remaining low [13][18] - Recent new stocks have shown a significant disparity in performance, with some sectors like new consumption and robotics performing well, while others like military and semiconductor-related stocks have faced declines [6][28][40] - Upcoming new stocks include Weigao Blood Purification and Taili Technology, with their performance metrics indicating potential investment opportunities [3][39][40] Group 3 - The report emphasizes the need to focus on high-quality new stocks that have undergone sufficient consolidation and offer good value, particularly those benefiting from policy expectations [2][12][40] - The report suggests that the new productivity themes, such as robotics and AI, should continue to be monitored for potential investment opportunities [2][12][40] - The average issuance price-earnings ratio for new stocks set to be listed this week is 21.1X, indicating a slight decrease from previous levels [7][34]

Core Viewpoint - Guangdong Taili Technology Group Co., Ltd. (Taili Technology) is set to be listed on the Shenzhen Stock Exchange's Growth Enterprise Market on May 19, marking a significant milestone in its 20-year journey of transforming advanced technology into new productive forces [1] Company Overview - Taili Technology focuses on vacuum and material technology, having established itself as a key player in the home storage market since its inception in 2003 [2][3] - The company has developed a strong partnership with the China Astronaut Center, supplying vacuum storage products for space missions [2] Financial Performance - From 2022 to 2024, Taili Technology's revenue is projected to grow from 638 million yuan to 1.02 billion yuan, with net profit increasing from approximately 58.84 million yuan to 87.64 million yuan, reflecting a stable growth trend [1][4] - The company has achieved a compound annual growth rate (CAGR) of 26.3% in revenue during this period [4] Product Development and Innovation - Taili Technology has invested heavily in R&D, establishing a dedicated team and laboratory to innovate and improve product offerings, including electric vacuum compression bags and vertical wall storage products [3][6] - The company has developed a unique vacuum compression technology that addresses consumer pain points, such as the cumbersome operation of traditional vacuum bags [5] Market Position and Strategy - Taili Technology has captured over 80% market share on platforms like Tmall and JD.com, positioning itself as a market leader in the vacuum storage segment [4] - The company has shifted its sales strategy from offline distribution to e-commerce, leveraging platforms like Taobao, JD, and Douyin to enhance its market reach [3] Future Growth Opportunities - The company plans to invest 320 million yuan in building a smart production and logistics center, aiming to create an "unmanned factory" through advanced technologies [7] - Taili Technology's R&D investment of 73.81 million yuan will focus on cutting-edge technologies, enhancing its core technical advantages [7] - The home storage market in China is still in its early stages, with significant growth potential, as evidenced by the increasing sales figures on e-commerce platforms [8][9]

Core Insights - The home storage industry originated in the United States during the 1980s, driven by economic growth and increased consumer demand, leading to a rise in home organization services [1][11] - China's home storage products market is expected to grow significantly, with a market size projected to exceed 300 billion yuan by 2025, up from 101.279 billion yuan in 2020 [1][11] - The industry is supported by rising disposable income and consumer spending, with per capita disposable income in China increasing from 21,966 yuan in 2015 to 41,314 yuan in 2024, reflecting a compound annual growth rate of 7.27% [9][11] Industry Overview - Home storage products are primarily plastic items designed to organize and store various household items, including storage boxes, bags, cabinets, and shelves [3] - The industry is characterized by a supply chain that includes upstream plastic materials, midstream manufacturing, and downstream sales channels such as e-commerce and retail [5] Market Dynamics - The demand for home storage products is rapidly increasing due to urbanization and the fast-paced lifestyle of residents in major cities, leading to a growing consumption of these products [1][11] - The plastic storage box segment is particularly popular, with a market size of approximately 1.093 billion yuan in 2024, driven by rising consumer demand [13] Competitive Landscape - The industry features a competitive landscape with leading companies such as Chahua Co., Ltd., Jialian Technology, and Taili Technology, which dominate the market [15][17][19] - The market is fragmented, with many small and medium-sized enterprises, leading to intense price competition and a prevalence of low-end products [21] Challenges - The industry faces challenges from numerous small enterprises producing low-quality products, which complicates market competition [21] - Rising labor costs and a shortage of skilled labor are pressing issues that necessitate automation and technological upgrades within the industry [22][23] Future Trends - Consumer preferences are shifting towards high-quality, personalized, and eco-friendly products, prompting companies to innovate in design and production [24][25] - The integration of online and offline sales channels is accelerating, with a focus on experiential marketing and digital engagement to enhance consumer experience [26]

二〇二五年五月 广东太力科技集团股份有限公司 上市保荐书 民生证券股份有限公司 关于广东太力科技集团股份有限公司 首次公开发行股票并在创业板上市 之 上市保荐书 保荐人（主承销商） 中国（上海）自由贸易试验区浦明路 8 号 2 广东太力科技集团股份有限公司 上市保荐书 声 明 本保荐机构及保荐代表人根据《中华人民共和国公司法》（下称"《公司 法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《首次公开发行股 票注册管理办法》（下称"《注册管理办法》"）、《深圳证券交易所创业板股票 上市规则（2025 年修订）》（下称"《上市规则》"）等有关法律、行政法规和 中国证券监督管理委员会（下称"中国证监会"）及深圳证券交易所的有关规定， 诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规范出具上市保 荐书，并保证所出具文件真实、准确、完整。 如无特别说明，本上市保荐书中的简称或释义与《广东太力科技集团股份有 限公司首次公开发行股票并在创业板上市招股说明书》中一致，部分合计数与各 加数直接相加之和可能存在尾数上的差异，该等差异系因数据四舍五入所致。 1 广东太力科技集团股份有限公司 上市保荐书 一、发行 ...