Group 1 - The core point of the news is the upcoming IPO of Zhigao Machinery on the Beijing Stock Exchange, which is a leading domestic manufacturer of rock drilling machinery [1] - Zhigao Machinery's IPO price is set at 17.41 yuan per share, with a single account subscription limit of 1,020,300 shares [1] - The company is recognized as a "little giant" enterprise in the fourth batch of specialized and innovative enterprises in China, focusing on energy-saving, environmentally friendly, and efficient drilling and screw compressor products [1] Group 2 - The funds raised from the IPO will be invested in the construction of a production line for 300 intelligent drilling machines, an engineering technology research and development center, and to supplement working capital [2] - New stocks listed on the Beijing Stock Exchange have performed exceptionally well this year, with an average first-day increase of 350% for seven new listings [2] - Notable first-day performances include Dingjia Precision, which surged 479.12%, Guangxin Technology at 500%, Tiangong Co. at 412%, and Xingtum Measurement and Control at 407% [2][3][4]

Core Viewpoint - The article highlights the recent performance of new stocks listed on the Beijing Stock Exchange, particularly focusing on the upcoming IPO of Zhigao Machinery, a leading domestic rock drilling machinery company, and the impressive first-day performance of several newly listed stocks this year [1][2][3]. Group 1: Zhigao Machinery IPO - Zhigao Machinery is set to launch its IPO with a price of 17.41 yuan per share, with a single account subscription limit of 1,020,300 shares [2]. - The company specializes in the research, production, and sales of rock drilling equipment and air compressors, recognized as a high-tech enterprise and one of the "little giant" companies in China [2]. - Zhigao Machinery's projected revenues for 2022, 2023, and 2024 are 795 million yuan, 840 million yuan, and 888 million yuan, respectively, with net profits of 89 million yuan, 104 million yuan, and 105 million yuan [2]. - The funds raised will be used for the construction of a production line for 300 intelligent drilling machines, an engineering technology research center, and to supplement working capital [2]. Group 2: Performance of Newly Listed Stocks - Since the beginning of the year, newly listed stocks on the Beijing Stock Exchange have shown remarkable performance, with an average first-day increase of 350% across seven new listings [3]. - Notable first-day performances include Dingjia Precision, which surged 479.12%, Guangxin Technology at 500%, Tiangong Co. at approximately 412%, and Xingtum Measurement and Control at around 407% [3][4][5]. - Guangxin Technology, a leading supplier of insulation fiber materials, saw its stock rise from an initial price of 10 yuan to a peak of 83.84 yuan, marking an increase of nearly 7.4 times [4]. - Xingtum Measurement and Control, specializing in aerospace measurement and control management, achieved a historical high of 99.89 yuan, a 13.4-fold increase from its initial price of 6.92 yuan [6].

Core Viewpoint - The North Exchange's new stock market continues to thrive, with significant first-day gains and record-breaking subscription figures, indicating strong investor confidence and market attractiveness [1][2][8]. Group 1: New Stock Performance - On July 31, Dingjia Precision debuted on the North Exchange, closing up 479.12% on its first day [2]. - This year, seven new stocks on the North Exchange have seen first-day gains exceeding 150%, with the highest being Guangxin Technology at 500% [3]. - The latest closing prices for these new stocks show all have increased by over 200% compared to their issue prices [1]. Group 2: Subscription Records - Dingjia Precision set three historical records for the North Exchange: 659,600 valid online subscription accounts, 628.838 billion yuan in frozen funds, and a fractional share threshold exceeding 4.2 million yuan [2]. - The number of subscription accounts has significantly increased, indicating a strong influx of small accounts under 3 million yuan [2]. Group 3: Market Trends and Future Outlook - The North Exchange has seen a resurgence in new stock issuance, with 16 companies successfully approved to list this year [5]. - The structure of newly accepted companies is shifting, with an increasing focus on high-end manufacturing, new materials, and new consumption [6]. - Analysts predict that the North Exchange's high-quality expansion will continue, with a notable increase in specialized "little giant" enterprises [9].

立信会计师事务所（特殊普通合伙） 关于对中科星图测控技术股份有限公司 年报问询函的回复 信会师报字[2025]第 ZG12710 号 | | | | 3、关于预付款项 | 36 | | --- | --- | | 4、关于研发费用 | 44 | 立信会计师事务所（特殊普通合伙） 关于对中科星图测控技术股份有限公司 年报问询函的回复 北京证券交易所上市公司管理部： 近期，中科星图测控技术股份有限公司（以下简称"星图测控"、"公司"）收 到贵部出具的《关于对中科星图测控技术股份有限公司的年报问询函》（年报问 询函【2025】第 049 号）（以下简称"问询、问询函"）。公司与立信会计师事务 所（特殊普通合伙）（以下称"会计师"或"我们"）高度重视，本着勤勉尽责、诚 实守信的原则，就相关问题逐项进行认真讨论、核查与落实，现将核查情况和核 查意见作如下说明。 注：关于回复内容格式的说明： | 格式 | 说明 | | --- | --- | | 黑体（加粗） | 年报咨询所列问题 | | 宋体（不加粗） | 对年报咨询所列问题的回复 | 以下除特别注明外，本函所使用的名词释义与星图测控 2024 年年报一致， 回复数值 ...

证券代码：920116 证券简称：星图测控 公告编号：2025-053 中科星图测控技术股份有限公司 关于对北京证券交易所 2024 年年报问询函回复的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 北京证券交易所上市公司管理部： 近期，中科星图测控技术股份有限公司（以下简称"星图测控"、"公司"） 收到贵部出具的《关于对中科星图测控技术股份有限公司的年报问询函》（年报 问询函【2025】第 049 号）（以下简称"问询、问询函"）。根据要求，公司和 立信会计师事务所（特殊普通合伙）高度重视，本着勤勉尽责、诚实守信的原则， 就相关问题逐项进行认真讨论、核查与落实。现就年报问询函关注的事项回复说 明如下： 注：关于回复内容格式的说明： | 格式 | 说明 | | --- | --- | | 黑体（加粗） | 年报咨询所列问题 | | 宋体（不加粗） | 对年报咨询所列问题的回复 | 以下除特别注明外，本回复所使用的名词释义与星图测控 2024 年年报一致， 回复数值若出现总数与各分项数值之和尾数不符 ...

Core Insights - The report predicts that the North Exchange 50 Index will undergo component adjustments on September 11, 2025, with a review cutoff date of July 31, 2025 [3] - The predicted additions to the North Exchange 50 Index include Xingtu Measurement Control, Wanyuantong, Kanglwei, Lintai New Materials, and Juxing Technology, while Tianfangbiao, Huami New Materials, Haosheng Electronics, Chuangyuan Xinke, and Gebijia are expected to be removed [3][4] - Historical data indicates that, prior to adjustments, the average return of newly added stocks outperformed the index in 9 out of 11 instances, with an average excess return of 4.8%, while stocks being removed underperformed in 9 instances with an average excess return of -2.7% [3][8] Component Adjustments - The average daily trading volume and total market capitalization over the past six months were used to determine the adjustments, with specific metrics for each stock listed [3][4] - The predicted new components have varying average daily trading volumes, with Kanglwei at 632.9 million yuan and Lintai New Materials at 145.06 million yuan [4] - The report also lists potential candidates for inclusion, such as Yizhi Moyu, Wantong Hydraulic, Leishen Technology, and Wuhan Land Electric [3][4] Impact of Index Adjustments - The North Exchange 50 Index product size reached 11.162 billion yuan, accounting for 8.86% of the free float market capitalization, indicating a growing trend in index-based investments [3][11] - The report calculates the impact coefficients for the stocks being added and removed, with Kanglwei having the highest impact coefficient at 3.46, followed by Lintai New Materials at 2.17 [3][11] - The report emphasizes the importance of monitoring stocks with high impact coefficients as the adjustment date approaches [3]

Market Performance - As of July 30, 2025, the North Exchange 50 Index fell by 0.52% in July, underperforming compared to the Shanghai and Shenzhen main boards[6] - Year-to-date, the North Exchange 50 Index has increased by 38.72%, with a maximum increase of 44.57% during the period[7] Stock Activity - In July, 109 stocks rose while 159 stocks fell, with 1 stock remaining unchanged[17] - The average PE (TTM) for the North Exchange 50 Index is 67.79 times, significantly higher than the ChiNext Index at 33.79 times and the Sci-Tech Innovation Board at 139.68 times[24] Trading Volume - The total trading volume for July reached 559.192 billion yuan, with a volume of 25.587 billion shares traded[28] - The average margin financing balance for July was 5.504 billion yuan, reflecting a month-on-month increase of 2.07%[30] IPO and Market Dynamics - In July, 1 new stock was listed, bringing the total number of companies listed on the North Exchange to 269[36] - The trend of high-quality supply continues, with a high number of IPO applications indicating ongoing market interest[6] Investment Recommendations - Focus on three main lines: high-growth productivity sectors, innovation-driven industries like semiconductors and AI, and consumer-related companies benefiting from domestic demand policies[6]

Group 1 - A total of 8 companies had their restricted shares unlocked on Thursday, with a combined unlock volume of 33.44 million shares, equating to a market value of 1.023 billion yuan based on the latest closing price [1] - One company had an unlock volume exceeding 10 million shares, with Yishijingmi, Tongzhou Electronics, and Jingwang Electronics leading in unlock volume at 12.1028 million shares, 5.4675 million shares, and 4.5428 million shares respectively [1] - In terms of unlock market value, Jingwang Electronics, Xingtum Control, and Yishijingmi ranked highest, with market values of 301 million yuan, 269 million yuan, and 244 million yuan respectively [1] Group 2 - One company had an unlock ratio exceeding 10%, with Yishijingmi, Xingtum Control, and Hefei Gaoke having the highest unlock ratios at 10.43%, 2.51%, and 1.38% respectively [1]

Wind数据显示，周四（7月31日），共有8家公司限售股解禁，合计解禁量为3344.45万股，按最新收盘 价计算，合计解禁市值为10.23亿元。从解禁量来看，1家公司解禁股数超千万股。易实精密、同洲电 子、景旺电子解禁量居前，解禁股数分别为1210.28万股、546.75万股、454.28万股。从解禁市值来看， 1家公司解禁股数超亿元。景旺电子、星图测控、易实精密解禁市值居前，解禁市值分别为3.01亿元、 2.69亿元、2.44亿元。从解禁股数占总股本比例来看，1家公司解禁比例超10%。易实精密、星图测控、 合肥高科解禁比例居前，解禁比例分别为10.43%、2.51%、1.38%。 ...

Group 1 - In the past month (from June 30 to July 29), 23 companies listed on the Beijing Stock Exchange (BSE) received institutional research, with Minshida being the most popular, attracting 96 participating institutions [1] - The types of institutions conducting research include 22 brokerages, 11 funds, 10 private equity firms, 4 insurance companies, and 1 overseas institution [1] - The companies that received the most attention after Minshida are Yuanhang Precision, Xingtum Control, and Tieda Technology, with 43, 37, and 26 participating institutions respectively [1] Group 2 - Yuanhang Precision, Xingtum Control, and Zhongyu Technology had the highest frequency of institutional research, each receiving 2 rounds of research [2] - On average, companies that received institutional research saw a 0.80% increase in stock prices over the past month, with notable gainers including Zhongyu Technology (up 13.49%), Wanyuantong (up 13.07%), and Kairun Zhikong (up 12.18%) [2] - The average daily turnover rate for these companies was 6.39%, with the highest rates recorded for Guangxin Technology (20.22%), Wanyuantong (14.95%), and Kairun Zhikong (11.62%) [2] Group 3 - As of July 29, the average market capitalization of all companies on the BSE was 3.187 billion yuan, while the average market capitalization of the companies that received research was 3.683 billion yuan [2] - The companies with the highest market capitalization among those researched include Xingtum Control, Guangxin Technology, and Guohang Ocean [2] - A detailed list of companies that received institutional research includes their respective codes, number of institutions, research frequency, latest closing prices, percentage changes, and industry classifications [2][3]