Group 1: New IPOs - Three new stocks are available for subscription next week, including Beikang Testing, Hengkun New Materials, and Nanfang Digital [1] - Nanfang Digital ranks third in the number of shares issued among new stocks in the Shanghai and Shenzhen markets since 2025, and first among new stocks on the Shenzhen Stock Exchange's Growth Enterprise Market [1] Group 2: Beikang Testing - Beikang Testing is a national-level specialized and innovative "little giant" enterprise, with an issue price of 6.70 yuan per share and an issuance PE ratio of 14.9 times, compared to the industry average of 38.77 times [2] - The total number of shares issued by Beikang Testing is 28.32 million, with 25.49 million available for online subscription [2] - The global inspection and testing market has grown from 107.7 billion euros in 2012 to 278.5 billion euros in 2023, with a compound annual growth rate (CAGR) of 9.02%, while the Chinese market is expected to grow from 206.51 billion yuan in 2016 to 487.60 billion yuan in 2024, with a CAGR of approximately 11.34% [2] Group 3: Financial Performance of Beikang Testing - Beikang Testing's revenue for 2022 to 2025 (first half) is projected to be 91.74 million yuan, 110 million yuan, 148 million yuan, and 85.94 million yuan, respectively, with net profits of 33.15 million yuan, 41.66 million yuan, 50.63 million yuan, and 36.43 million yuan [5] - For the first three quarters of 2025, Beikang Testing expects revenue of 134 million to 139 million yuan, a year-on-year increase of 26.87% to 31.61%, and net profit of 57.4 million to 63.4 million yuan, a year-on-year increase of 34.78% to 48.87% [6] Group 4: Hengkun New Materials - Hengkun New Materials is a supplier for 12-inch integrated circuit wafer factories, with an undisclosed issue price and PE ratio, but a reference industry PE ratio of 60.46 times [7] - The total number of shares issued by Hengkun New Materials is 67.4 million, with 10.78 million available for online subscription [7] - The company’s revenue for 2022 to 2025 (first half) is projected to be 322 million yuan, 368 million yuan, 548 million yuan, and 294 million yuan, with net profits of 91.04 million yuan, 81.53 million yuan, 94.30 million yuan, and 30.74 million yuan [8] Group 5: Financial Performance of Hengkun New Materials - For the first three quarters of 2025, Hengkun New Materials expects revenue of 440 million to 500 million yuan, with a year-on-year change of 12.48% to 27.82%, and net profit of 49 million to 55 million yuan, with a year-on-year change of -26.70% to -17.73% [9] Group 6: Nanfang Digital - Nanfang Digital is a key player in the digital grid construction of the Southern Power Grid, with a total issuance of 477 million shares and an undisclosed issue price and PE ratio, but a reference industry PE ratio of 71.09 times [11] - The company aims to build a world-class digital and intelligent innovation platform for the power grid, with clients including Southern Power Grid and Inner Mongolia Power Group [11] - The digital energy market in China is expected to grow from 315 billion yuan in 2024 to 370 billion yuan in 2025, with a CAGR of 10.86% from 2020 to 2025 [11] Group 7: Financial Performance of Nanfang Digital - Nanfang Digital's revenue for 2022 to 2025 (first half) is projected to be 5.686 billion yuan, 4.234 billion yuan, 6.090 billion yuan, and 1.558 billion yuan, with net profits of 509 million yuan, 368 million yuan, 562 million yuan, and 6.97 million yuan [12] - For the full year of 2025, Nanfang Digital expects revenue of 6.4 billion to 6.7 billion yuan, a year-on-year increase of 5.10% to 10.02%, and net profit of 562 million to 590 million yuan, a year-on-year increase of 0.07% to 5.06% [13]

本次IPO，恒坤新材拟募资10.07亿元，分别用于集成电路前驱体二期项目和集成电路用先进材料项目。 公司募集资金围绕公司的主营业务展开，通过本次募投项目的实施，将带动公司创新产品的研发与应 用，进一步完善公司产品结构，推动公司技术创新，促进相关产品国产化水平的提升。 11月7日启动申购的南网数字基于新一代信息技术，为电力能源等行业客户提供数字化建设综合解决方 案，致力于构建世界一流的电网数字化、智能化创新平台；同时，公司凭借在电力能源行业数字化转型 业务实践中积累的技术和经验，正逐步将产品及服务拓展到交通、水务燃气、政务公安、城市建设等领 域。本次IPO，南网数字拟募资25.54亿元。 南网数字是今年以来发行股票数量排名靠前的新股，市场判断，中签率可能较高。 据目前安排，若无变化本周（11月3日到7日）有3只新股申购。其中科创板1只，创业板1只，北交所1 只。 本周3股打新 截至发稿，本周网上发行1只新股披露发行价。北交所新股北矿检测发行价为6.7元，发行市盈率14.99 倍，行业最近一个月平均动态市盈率38.04倍。 11月7日启动申购的科创板新股恒坤新材致力于集成电路领域关键材料的研发与产业化应用，是境内 ...

Market Overview - The Shanghai Composite Index decreased by 0.18% last week, closing at 3990.49 points, with a high of 4034.08 points [1] - The Shenzhen Component Index fell by 1.4%, ending at 13216.03 points, with a peak of 13502.16 points [1] - The ChiNext Index dropped by 3.01%, closing at 3111.51 points, with a maximum of 3236.61 points [1] - In global markets, the Nasdaq Composite Index declined by 0.45%, while the Dow Jones Industrial Average rose by 0.34% and the S&P 500 increased by 0.08% [1] - In the Asia-Pacific region, the Hang Seng Index increased by 1.26% and the Nikkei 225 rose by 0.2% [1] New Stock Issuance - Two new stocks were issued last week: Hai'an Group (001233.SZ) on November 14, 2025, and Nante Technology (920124.BJ) on November 11, 2025 [2] Margin Trading - The total margin trading balance in the Shanghai and Shenzhen markets was 24848.66 billion yuan, with a financing balance of 24668.62 billion yuan and a securities lending balance of 180.04 billion yuan [3] - The margin trading balance decreased by 8.73 billion yuan compared to the previous week [3] - The Shanghai market's margin trading balance was 12654.61 billion yuan, down by 37.1 billion yuan, while the Shenzhen market's balance was 12194.06 billion yuan, up by 28.38 billion yuan [3] - A total of 3463 stocks had margin buying, with 182 stocks having buying amounts exceeding 1 billion yuan, led by Sunshine Power, Zhongji Xuchuang, and Xinyi Sheng with buying amounts of 124.22 billion yuan, 118.0 billion yuan, and 93.21 billion yuan respectively [3][4] Fund Issuance - Eight new funds were issued last week, including Vanguard Cash Treasure B, Penghua Zhongdai 1-3 Year National Development Bank Bond Index I, and others [5] Company Buybacks - Ten companies announced share buybacks last week, with the highest amounts executed by Rejing Bio (688068) at approximately 30.01 million yuan, Wanma Co. (002276) at about 15.77 million yuan, and Shenzhen Ruijie (300977) at around 9.81 million yuan [6][7]

Group 1: Company Overview - Jingchuang Electric is a provider of integrated cold chain IoT solutions, covering the entire cold chain process including control, monitoring, energy saving, networking, and maintenance [1][2] - China Uranium Industry is a leading player in the domestic natural uranium development sector and is recognized as a key supplier for the country's uranium needs [1][3] Group 2: Financial Performance - Jingchuang Electric's projected revenues for 2022, 2023, and 2024 are 396 million yuan, 435 million yuan, and 499 million yuan, respectively, with net profits of 49 million yuan, 55 million yuan, and 59 million yuan [2] - China Uranium Industry's expected revenues for the same period are 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan, with net profits of 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan [5] Group 3: Investment Plans - Jingchuang Electric plans to use the raised funds for upgrading its core production lines and developing a smart instrument research center and cold cloud platform [3] - China Uranium Industry will invest in various uranium mining projects, including in-situ leaching projects in Inner Mongolia and Xinjiang, as well as upgrading existing mining operations [5][6] Group 4: Market Position and Strategy - Jingchuang Electric has established a global presence with subsidiaries in multiple countries, including the US, UK, Brazil, and Thailand, indicating a strong international market strategy [2] - China Uranium Industry is actively involved in overseas uranium resource development, particularly in Africa and Asia, and has achieved significant production milestones, such as ranking sixth globally in uranium production from its Rossing mine in Namibia [4]

Core Viewpoint - This week, two new stocks are available for subscription in the A-share market: Jingchuang Electric and China Uranium Industry, with subscriptions starting on Tuesday and Friday respectively [1]. Group 1: Jingchuang Electric - Jingchuang Electric is a provider of integrated cold chain IoT solutions, covering the entire cold chain process including control, monitoring, energy saving, networking, and maintenance [1]. - The offering price for Jingchuang Electric is set at 12.1 yuan per share, with a single account subscription limit of 650,700 shares [2]. - The company reported revenues of 396 million yuan, 435 million yuan, and 499 million yuan for the years 2022 to 2024, with net profits of 49 million yuan, 55 million yuan, and 59 million yuan respectively [2]. Group 2: China Uranium Industry - China Uranium Industry focuses on the comprehensive utilization of natural uranium and radioactive associated mineral resources, being a key player in China's nuclear industry [3]. - The company has a subscription limit of 52,000 shares per account, requiring a market value of 520,000 yuan for maximum subscription [3]. - The total number of shares for public offering is 248 million, indicating a potentially high subscription rate due to its large issuance volume [3]. - The company achieved revenues of 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan for the years 2022 to 2024, with net profits of 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan respectively [4]. Group 3: Investment Projects - The funds raised by China Uranium Industry will be invested in various projects, including in-situ leaching uranium extraction projects and comprehensive utilization projects for associated uranium resources [5].

记者丨吴桂兴 见习记者张嘉钰 编辑丨张楠 根据目前的发行安排，下周有两只新股申购。具体来看，11月18日可申购北交所新股精创电气，11月21 日可申购深交所主板新股中国铀业。 中国铀业上市后，将成为A股铀业第一股，且其发行股票数量较多，中签率可能较高。 精创电气：国家级专精特新"小巨人"企业 精创电气的申购代码是920035，发行价为12.10元/股，发行市盈率为13.47倍，参考行业市盈率为41.07 倍。 精创电气此次发行总数为1446万股，其中网上发行数量为1301万股。投资者参与网上申购精创电气，申 购数量上限为65.07万股。 招股书显示，精创电气主营业务为冷链设备智能控制器、医药与食品冷链监测记录仪、制冷热泵检测仪 表及环境颗粒物检测仪器等产品的研发、生产和销售，并提供物联网和基于云的系统解决方案，已被评 为国家级专精特新"小巨人"企业。 目前，精创电气已进入松下、海尔及海信等制冷设备龙头企业的供应链体系，并在国际制冷暖通、医药 及食品市场与Tempmate GmbH、TAMTEC CNS等超50家国际品牌合作。 业绩方面，2022年至2024年及2025年上半年，精创电气的营业收入分别为3.96 ...

根据目前发行安排，下周将有2只新股可申购，分别为冷链智能控制"隐形冠军"和A股"铀业第一股"。 拟于下周二（11月18日）申购的精创电气深耕冷链智能装备布局全球市场，公司拥有专业化的冷链物联网产业基地，在中国深圳、南京、上海、徐州，以 及美国、英国、巴西、泰国均设有分子公司，业务遍及全球多个国家和地区。 拟于下周五（11月21日）申购的中国铀业是我国天然铀保障供应的国家队、主力军，也是A股"铀业第一股"。公司是中核集团的重要子企业之一，专业从 事天然铀和放射性共伴生矿产资源综合利用业务。公司掌握丰富的境内外天然铀资源，生产规模行业领先，是全球主要天然铀供应商之一，常年位列全球 前十大天然铀生产商。 中国铀业本次发行股票数量为2.48亿股，网上申购上限为5.2万股，顶格申购需配52万元深市市值。其发行股票数量在今年以来发行新股中排名第六，在深 市主板新股中排名第一，预计将有较高中签率。 展望：下周新股基本面一览 据目前安排，若无变化，下周（11月17日至21日）有2只新股可申购，分别为深市主板1只和北交所1只。 | 股票代码 | 股票简称 网上申购日 申购代码 | | | 发行价 | 首发市盈率 申购上限 | ...

中国基金报记者 闻言 A股打新投资者注意啦！ 根据目前发行安排，下周有2只新股可申购。 具体来看，11月18日可申购北交所新股精创电气，11月21日可申购深交所主板新股中国铀业。 数据显示，在2025年以来发行的A股新股中，中国铀业的发行总数、网上发行数量分别排名第六和第十一。即投资者若参与申购 中国铀业，中签概率较高。 | 证券简称 | 发行总数(亿股) | 网上发行(亿股) | | --- | --- | --- | | 华电新能 | 49. 69 | 21. 95 | | 西安奕材 | 5. 38 | 0. 81 | | 南网数字 | 4. 77 | 0. 98 | | 屹唐股份 | 2. 96 | 0. 63 | | 联合动力 | 2. 89 | 0. 81 | | 中国轴业 | 2. 48 | 0. 52 | | | 图为:2025年以来,A股发行总数排名前六的新股 | | | 来源:东财Choice | | | 精创电气是国家级专精特新"小巨人"企业 精创电气的申购代码是920035，发行价为12.10元/股，发行市盈率为13.47倍，参考行业市盈率为41.07倍。 精创电气此次发行总数为1446 ...

Group 1: New Stock Offerings - Two new stocks are available for subscription next week: Jingchuang Electric on November 18 and China Uranium Industry on November 21 [2][3] - China Uranium Industry ranks sixth in total issuance and eleventh in online issuance among new A-shares since 2025, indicating a higher probability of winning the subscription [3] Group 2: Jingchuang Electric - Jingchuang Electric is recognized as a national-level "specialized and innovative" small giant enterprise, focusing on smart control devices for cold chain equipment and IoT solutions [5][8] - The total issuance of Jingchuang Electric is 14.46 million shares, with an online issuance of 13.01 million shares, and the maximum subscription limit for investors is 650,700 shares [6][7] - The company expects its revenue for 2025 to be between 524 million and 574 million yuan, with a net profit forecast of 58.91 million to 64.80 million yuan [10][11] Group 3: China Uranium Industry - China Uranium Industry holds a dominant position in the domestic natural uranium industry and is a key subsidiary of China National Nuclear Corporation [12][14] - The company plans to issue 248 million shares, with 52.12 million shares available for online subscription, and the maximum subscription limit is 52,000 shares [13] - Revenue for China Uranium Industry is projected to be between 19.5 billion and 20 billion yuan for 2025, reflecting a year-on-year growth of 12.86% to 15.75% [16][17]

Group 1: New Stock Offerings - Two new stocks are available for subscription next week: Jingchuang Electric on November 18 and China Uranium Industry on November 21 [1] - China Uranium Industry will become the first stock in the uranium sector in A-shares, with a large number of shares issued, potentially leading to a higher subscription rate [1][4] Group 2: Jingchuang Electric - Jingchuang Electric is a specialized "little giant" enterprise focused on the cold chain logistics sector [2] - The offering price for Jingchuang Electric is 12.1 yuan per share, with an earnings per share (EPS) ratio of 13.47 [3] - The company reported revenues of 396 million yuan, 435 million yuan, and 499 million yuan for 2022, 2023, and 2024 respectively, with net profits of 49 million yuan, 55 million yuan, and 59 million yuan for the same years [3] Group 3: China Uranium Industry - China Uranium Industry is a key player in the natural uranium supply chain in China and will be the first stock in the uranium sector upon listing [4] - The company plans to issue 24,818,180 shares, with a maximum subscription limit of 52,000 shares for online applications [4] - The company reported revenues of 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan for 2022, 2023, and 2024 respectively, with net profits of 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan for the same years [5]