高特电子正在冲刺创业板IPO。公司一名股东的工商联系电话、邮箱与实控人控制的多家公司相同，但该股东仅承诺锁定12个月，而非实控人需满足的36 个月。此外，公司信息披露不仅与客户、供应商打架，还存在自相矛盾的情况。 杭州高特电子设备股份有限公司（以下简称：高特电子）的主要产品为储能BMS模块及相关产品，同时涵盖后备电源BMS、动力电池BMS等产品，目前 正在冲刺创业板IPO。 据招股书，高特电子连续三年在大型储能领域BMS产品出货量保持行业前列，客户已经覆盖国家电网、南方电网、亿纬锂能（300014.SZ）、国轩高科 （002074.SZ）、金风科技（002202.SZ）等大型知名储能领域客户。 来源：摄图网 股东工商联系方式指向关联方，实控人"被动受让"12%份额 徐剑虹为高特电子的实控人，杭州运隆投资管理合伙企业（有限合伙）（以下简称：杭州运隆）为高特电子单一第四大股东，持有高特电子发行前4.57% 的股权。同时，徐剑虹持有杭州运隆12%的出资份额。 高特电子的招股书将杭州运隆定义为机构股东，而非实控人之一致行动人，杭州运隆承诺所持高特电子股票的锁定期为12个月，而非36个月。 对此，深交所曾在首轮问询中要 ...

根据中国证券业协会日前公布的2026年首批首发企业现场检查名单，被抽到企业共11家，其中包括洛阳 轴承集团股份有限公司（简称"洛轴股份"）。 深交所网站显示，洛轴股份拟冲刺创业板，公司IPO于2025年11月28日被受理，12月14日被问询，目前 暂未披露回复文件。 另外，洛轴股份还面临股权结构变动风险，公司股东股权被查封冻结。 招股书显示，2025年6月9日，公司收到江西省九江市中级人民法院《协助执行通知书》，公司股东中航 产投持有的4.995%股权被法院查封冻结，期限为2025年6月17日至2028年6月16日。 洛轴股份表示，截至招股说明书签署日，上述股权查封冻结事项尚未解除，若后续该事项未能妥善解 决，公司将面临股权结构变动的风险。 业绩方面，2022年至2024年及2025年上半年（简称"报告期"），洛轴股份实现营业收入分别为33.42亿 元、44.41亿元、46.75亿元和28.21亿元；归属于母公司股东的净利润分别为-0.67亿元、2.31亿元、2.51 亿元和2.57亿元。 招股书显示，报告期内洛轴股份应收账款占比也较高。公司各期应收账款账面余额分别为16.54亿元、 21.01亿元、24.7 ...

文/梧桐兄弟 单位：万元 | 公司简称 | 拟上板块 | 主营业务 | 2024年营收 | 2024年净利润 | 保荐/律所/会所 | | --- | --- | --- | --- | --- | --- | | 洛轴股份 | 创业板 | 轴承及相关零部件 | 467.494.68 | 17.948.33 | 中信建投/康达/立信 | | 频准激光 | 科创板 | 激光器产品 | 29,185.72 | 11,143.08 | 中信建投/浙江天册/中汇 | | 粤芯半导体 | 创业板 | 特色工艺晶圆代工 | 168.132.90 | -250.338.60 | 广发证券/康达/致同 | | 汉诺医疗 | 科创板 | 体外膜肺氧合 (ECMO) 系统 | 4.930.88 | -18.279.37 | 中信证券/锦天城/中汇 | | 九安智能 | 创业板 | 智能视觉产品制造 商等 | 77,969.17 | 10.153.86 | 申万宏源/中伦/天职 | | 猎奇智能 | 创业板 | 高端智能装备制造 商 | 54.292.61 | 17.426.02 | 国泰海通/世纪同仁/容诚 | | 高凯技术 | ...

据了解，粤芯半导体是一家致力于为境内外芯片设计企业提供12英寸晶圆代工服务和特色工艺解决方案 的集成电路制造企业。公司创业板IPO于2025年12月19日获得受理，当年12月28日进入问询阶段。 本次冲击上市，粤芯半导体拟募集资金约75亿元。 北京商报讯（记者 马换换 王蔓蕾）1月5日，中国证券业协会官网发布"2026年第一批首发企业现场检查 抽查名单"，粤芯半导体技术股份有限公司（以下简称"粤芯半导体"）被抽中现场检查。 ...

来源：《理财周刊》 作为深耕精密金属材料领域24年的老牌企业，江苏康瑞新材料科技股份有限公司（下称"康瑞新材"）的IPO之路，布满争议 与不确定性。 2025年6月26日，公司深交所主板IPO申请获受理，7月火速进入问询阶段，却随即被抽中现场检查，因财务资料过有效期陷 入审核中止状态。 12月15日，康瑞新材更新招股书披露2025年上半年财务数据，这份姗姗来迟的财报，非但没有纾解市场疑虑，反而撕开了 公司业绩陡降、经营承压、内控失序的多重隐忧。 一边是实控人上市前大手笔分红套现超1.2亿元，一边是拟募资11.05亿元"补血扩产"；一边是核心业务收入缩水、利润近乎 腰斩，一边是高管薪酬水涨船高、产能利用率参差不齐。这家背靠消费电子巨头的材料企业，正站在资本市场的门槛前， 其IPO闯关的成色，也在层层财务数据与资本动作中逐渐显露出真实底色。 一、核心业务遇冷，全年净利预腰斩 成立于2001年的康瑞新材，深耕高精度、高性能精密金属材料研发生产，产品覆盖消费电子、工业装备、汽车零部件等领 域。 而真正让其业绩实现跨越式增长的，是消费电子领域的钛-铝复合材料——这款主要应用于高端智能手机钛合金边框的产 品，曾是公司当之 ...

大客户"异军突起"。 《投资者网》张伟 12月，无人机动力系统制造商南昌三瑞智能科技股份有限公司（下称"三瑞智能"或"公司"）在深交所官网披露了对第二轮上市（IPO）审核问询的回复文 件。公司登陆创业板再进一步。 Wind数据显示，目前已有安乃达（603350.SH）、八方股份（603489.SH）、鸣志电器（603728.SH）、鼎智科技（873593.BJ）等4家动力系统制造公司在A 股上市。上述公司产品与三瑞智能产品的底层逻辑相通，只是应用场景存在差异。 今年10月，与三瑞智能产品应用领域相近（都主要应用于无人机）的好盈科技也递交了上市申请。而好盈科技还是三瑞智能的重要供应商。这两家既竞争又 合作的无人机动力系统公司，最终是否都能上市，也引起了业内关注。 股改前夕私募基金"离奇"套现 资料显示，三瑞智能董事长吴敏，毕业于南昌高等专科学校，曾在北京北航龙圣飞行器技术有限公司、珠海市三超模型有限公司担任技术工程师，在北京冠 天科技有限公司担任研发主管，长期从事航模设计及无人机领域的技术开发工作 2009年，吴敏联合表弟万志坚、万凯（万志坚堂弟），堂弟吴杰，妹夫熊承想，五人共同创立了三瑞智能的前身三瑞有限。公 ...

进入12月，IPO审核出现明显提速。12月8日—12日这周，沪深北交易所将有慧谷新材、林平发展、悦龙科技、宏明电子、有研复材、原力数字、美亚科技 等7家企业迎来IPO上会大考，单周7家企业首发上会也创下了年内新高。在上述7家企业中，拟募资金额最高的是来自创业板的宏明电子，公司拟募集资金 约19.51亿元。从7家公司的基本面来看，均于2025年前三季度实现盈利，不过包括宏明电子在内，7家公司中，3家今年前三季度净利出现同比下滑。 | レ 提取数据 | | 昌 | | 田 新増指标 ▼ | | | --- | --- | --- | --- | --- | --- | | | 上市委会议日期 开始日期 2025-01-01 | | | 结束日期 2025-12-31 自 | | | Q 请输入查找内容 | | | | | | | 兴 | | | | | | | 序号 | 代码 二 | > | 公司名称 T | 所属行业或领域 ◆ > | 标可以 | | 1 | A06658.BJ | | 广东美亚旅游科技 ... | 商务服务业 | 北证 | | 2 | A06709.BJ | | 江苏原力数字科技 ... | ...

Group 1 - The core point of the article is that Saiwei Electronics (300456.SZ) announced unusual stock trading fluctuations and discussed the IPO plans of its Swedish subsidiary Silex, which is in the early stages of planning and has uncertainties regarding valuation, equity structure, financing scale, and future plans [1] - The company holds a 45.24% stake in Silex, and the arrangements regarding this stake will be considered in conjunction with the overall strategic development of the company and Silex's plans, also subject to uncertainties [1] - Saiwei's subsidiary, Silex Microsystems Technology (Beijing) Co., Ltd., has received a purchase order for a MEMS-OCS product, initiating small-batch trial production, but it has not yet entered mass production, leading to uncertainties in future order volumes [1] Group 2 - The company plans to purchase part of the equity of Beijing Chip East Semiconductor Technology Co., Ltd. (Chip East) for a total transaction price not exceeding 60 million yuan [2] - As of the announcement date, the company has not yet completed the equity transfer with potential counterparties, and Chip East's lithography business is in mature processes, not involving advanced processes [2] - Chip East may face operational management and market competition risks, which could limit the short-term impact on the company's ability to reduce key equipment supply risks and increase the application ratio of domestic equipment [2]

Group 1 - The core point of the news is that Xinda Securities is planning to issue A-shares to merge with Dongxing Securities and itself, resulting in the historical disappearance of "Xinda Securities" [1] - After the merger, the combined asset scale of the new brokerage will exceed 1 trillion yuan [1] - However, the merger will not significantly increase the equity investment banking project reserves, as Xinda Securities currently has only one remaining project, which is the private placement of Beiken Energy [1][2] Group 2 - Beiken Energy's private placement plan involves issuing up to 54 million shares at a price of 6.59 yuan per share, raising a total of no more than 353 million yuan [2][4] - The current controlling shareholder, Chen Pinggui, will see his shareholding decrease from 14.15% to 11.15% after the private placement, while Chen Dong's shareholding will increase from 0% to 21.18% [2][4] - Concerns arise regarding Chen Dong's ability to pay the 353 million yuan subscription amount, given his average annual salary of less than 1 million yuan [4] Group 3 - Chen Pinggui has been reducing his holdings in Beiken Energy, cashing out approximately 5.5 million yuan over the past year [4][5] - The private placement price of 6.59 yuan per share is about 2 yuan lower than the recent selling price of Chen Pinggui, creating an 80% arbitrage opportunity if the placement is successful [5] - If the private placement is completed, Chen Dong could potentially realize a paper profit of approximately 280 million yuan [5] Group 4 - The news also highlights the recent IPO of Aomeisen, which was previously sponsored by Xinda Securities, raising questions about the company's financial practices [6][12] - Aomeisen's net profit showed significant fluctuations, with a 70.5% drop in 2022 after withdrawing its IPO application, followed by a 248.09% increase in 2023 [10][11] - Concerns about Aomeisen's internal control and financial accounting practices were raised during inspections by the Guangdong Securities Regulatory Bureau [11][12]

Core Viewpoint - Xiamen Haicheng Energy Storage Technology Co., Ltd. (Haicheng Energy Storage) is attempting to go public on the Hong Kong Stock Exchange after previous failed attempts, amidst legal disputes with CATL and increasing reliance on government subsidies for profitability [1][9][10]. Group 1: Company Overview - Haicheng Energy Storage focuses on providing comprehensive energy storage solutions centered around energy storage batteries and systems, and has quickly risen to become one of the top three global players in the energy storage market within six years [1][10]. - The company reported total assets of 34.696 billion yuan by mid-2025, indicating significant growth [1]. Group 2: Financial Performance - Revenue figures for Haicheng Energy Storage from 2022 to 2025 show a positive trend: 3.615 billion yuan in 2022, 10.202 billion yuan in 2023, 12.917 billion yuan in 2024, and 6.971 billion yuan in the first half of 2025 [10]. - The company achieved a net profit of 288 million yuan in 2024, marking a turnaround from previous losses, although this profit was heavily supported by government subsidies amounting to 414 million yuan, which constituted 144% of the net profit [9][12]. Group 3: Legal Challenges - Haicheng Energy Storage is facing multiple lawsuits from CATL, including claims of unfair competition and patent infringement, which could pose significant obstacles to its IPO [6][18]. - The company has been involved in at least ten legal disputes, with CATL seeking substantial damages and injunctions against competitive activities [6][18]. Group 4: Market Dynamics - The global energy storage market is projected to grow significantly, with a compound annual growth rate of 37.7% expected from 2023 to 2027, potentially exceeding 800 billion yuan by 2027 [12]. - Haicheng Energy Storage's overseas revenue has increased dramatically, accounting for 28.6% of total revenue in 2024, with a gross margin of 42.3% compared to just 8.1% for domestic operations [18]. Group 5: Strategic Initiatives - The company is expanding its production capacity overseas, with a new manufacturing facility in Texas, USA, set to begin operations in mid-2025, aimed at meeting growing demand from international markets [23]. - The first major use of funds from the IPO is intended for enhancing energy storage battery production capacity, particularly in overseas markets [23].