本次发行价格１３．７５元／股对应的发行人２０２４年扣除非经常性损益前后孰低的归母净利润的摊 薄后静态市盈率为１４．２７倍，低于中证指数有限公司２０２５年９月３０日发布的同行业最近一个 月平均静态市盈率３２．２０倍，低于同行业可比上市公司２０２４年扣除非经常性损益前后孰低归属 于母公司股东净利润的平均静态市盈率２７．６９倍，但仍存在未来发行人股价下跌给投资者带来损失 的风险。发行人和保荐人（主承销商）提请投资者关注投资风险，审慎研判发行定价的合理性，理性做 出投资决策。 发行人和保荐人（主承销商）特别提请投资者关注以下内容： １、本次发行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"）与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。 登录新浪财经APP 搜索【信披】查看更多考评等级 马可波罗控股股份有限公司（以下简称"马可波罗"、"发行人"或"公司"）首次公开发行人民币普通股 （Ａ股）（以下简称"本次发行"）并在主板上市的申请已经深圳证券交易所（以下简称"深交所"）上市 ...

Core Viewpoint - Guangzhou Ruili Kemi Automotive Electronics Co., Ltd. has received approval for its initial public offering (IPO) of A-shares and will be listed on the main board, with the underwriting led by CITIC Securities [1][9]. Group 1: IPO Details - The total number of shares to be issued is 45,044,546, with an issue price of RMB 42.28 per share, representing 25% of the company's total shares post-issue [1][2]. - The initial strategic placement involves 4,504,454 shares, accounting for 10% of the total issuance, with a final strategic placement of 3,547,776 shares, approximately 7.88% of the total issuance [2][8]. Group 2: Subscription and Allocation - The online subscription received a high initial effective subscription multiple of 9,771.89 times, leading to a mechanism that reallocates 40% of the shares from offline to online, resulting in 32,815,000 shares for online investors [3][4]. - The final allocation for offline investors is 8,681,770 shares, approximately 20.92% of the adjusted total issuance, while online investors will receive 32,815,000 shares, about 79.08% [3][5]. Group 3: Payment and Restrictions - Investors must ensure that subscription funds are fully paid by September 23, 2025, or their allocations will be void [4][6]. - Online shares will have no restrictions on circulation, while offline shares will have a 6-month lock-up period for 10% of the allocated shares [5][8]. Group 4: Strategic Placement - The strategic placement is primarily for senior management and core employees through a dedicated asset management plan, with initial and final placements confirmed [8][9]. - The total amount paid by strategic placement investors has been confirmed, and excess funds will be refunded by September 25, 2025 [8].

Company Overview - The company is called DaoSheng TianHe Materials Technology (Shanghai) Co., Ltd. with the stock code 601026 and the online subscription code 780026 [1][5] - The company operates in the chemical raw materials and chemical products manufacturing industry [1] Issuance Details - The issuance price is set at 5.98 yuan per share, with a total issuance quantity of 65,940,000 shares, representing 20% of the total shares post-issuance [1][5] - The expected total fundraising amount is approximately 78.864 billion yuan [1] - The issuance will be conducted through a combination of strategic placement, offline issuance, and online issuance [4][6] Initial Inquiry Results - As of September 24, 2025, the initial inquiry period received 9,395 bids from 688 offline investors, with a total proposed subscription quantity of 28,627,970,000 shares and a price range of 4.77 yuan to 7.18 yuan per share [6][7] - After excluding invalid bids, the remaining bids totaled 28,168,190,000 shares, with a net subscription multiple of 4,358.95 times the initial offline issuance scale [9] Pricing Adjustments - A total of 98 bids with proposed prices above 6.48 yuan per share were excluded, amounting to a total of 286,950,000 shares, which is approximately 1.0084% of the total proposed subscription quantity after invalid bids were removed [8][9]

Core Viewpoint - Pingao Co., Ltd. reported a revenue of 165.11 million yuan for the first half of 2025, marking a year-on-year increase of 7.21%, while the net profit attributable to shareholders was -15.81 million yuan, an improvement from -25.06 million yuan in the same period last year [1][2]. Financial Performance Summary - **Revenue**: The company achieved a revenue of 165.11 million yuan in the first half of 2025, up from 153.99 million yuan in the previous year, reflecting a growth of 7.21% [1][2]. - **Net Profit**: The net profit attributable to shareholders was -15.81 million yuan, compared to -25.06 million yuan in the same period last year, indicating a reduction in losses [1][2]. - **Net Profit Excluding Non-Recurring Items**: The net profit attributable to shareholders, excluding non-recurring items, was -19.06 million yuan, an improvement from -28.02 million yuan year-on-year [1][2]. - **Cash Flow**: The net cash flow from operating activities was -17.13 million yuan, compared to -112.09 million yuan in the same period last year, showing a significant reduction in cash outflow [1][2]. Historical Performance - **2024 Revenue**: For the year 2024, the company reported a revenue of 520.01 million yuan, a decrease of 4.81% from 546.26 million yuan in 2023 [3]. - **2024 Net Profit**: The net profit attributable to shareholders for 2024 was -64.06 million yuan, worsening from -10.68 million yuan in 2023 [3]. - **2024 Cash Flow**: The net cash flow from operating activities for 2024 was -112.84 million yuan, slightly improved from -120.03 million yuan in the previous year [3]. IPO and Fundraising - **IPO Details**: Pingao Co., Ltd. went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2021, issuing 28.26 million shares at a price of 37.09 yuan per share [3]. - **Fundraising Amount**: The total amount raised from the IPO was 1.048 billion yuan, with a net amount of 917 million yuan after deducting issuance costs [4]. - **Use of Funds**: The funds raised are intended for information technology innovation cloud platform, dedicated information service platform, Pingao Building construction, and to supplement working capital [4].

Core Viewpoint - Shanghai Jianda Zhixin Medical Technology Group Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with the issuance price set at RMB 7.05 per share [1][2]. Group 1: Issuance Details - The total number of shares to be issued is 63,193,277 shares, with a strategic placement involving both institutional and retail investors [2][3]. - The strategic placement will consist of 6,300,000 shares allocated to employee asset management plans, accounting for approximately 9.97% of the total issuance [3]. - The initial strategic placement was set at 12,638,655 shares (20.00% of total), but the final amount was adjusted to 9,478,992 shares (15.00%) due to a reallocation to offline issuance [3][4]. Group 2: Subscription and Allocation - The offline initial issuance quantity was 43,603,785 shares, representing 81.18% of the total issuance after deducting the final strategic placement [4]. - The online initial issuance quantity was 10,110,500 shares, accounting for 18.82% of the total issuance [4]. - The final subscription rate for the online issuance was 0.0198%, with a subscription multiple of 5,038.48 times [4]. Group 3: Payment and Lock-up Period - Investors must complete payment for their subscriptions by September 18, 2025, to ensure their allocations remain valid [5][6]. - Online issuance shares will have no restrictions on circulation, while offline shares will have a 10% lock-up period of 6 months [7]. - Strategic placement investors will face a 12-month lock-up period starting from the listing date [7][8].

Group 1 - The company Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has received approval for its initial public offering (IPO) of 16,279,025 shares on the ChiNext board, with a share price set at 27.00 yuan [1][2] - The issuance will involve a combination of strategic placement, offline inquiry-based placement, and online issuance to public investors, with strategic placement accounting for approximately 9.58% of the total shares [1][2][3] - The final number of shares for strategic placement was adjusted from an initial 2,441,853 shares to 1,559,259 shares due to a reallocation to offline issuance [2][3] Group 2 - The offline issuance will consist of 7,624,672 shares, while the online issuance will comprise 7,062,967 shares, with the final allocation being 51.80% for offline and 48.20% for online after the reallocation [3][4][9] - The initial subscription for the online issuance saw an oversubscription rate of 11,921.81 times, prompting the activation of a reallocation mechanism [3][4] - The total issuance costs for the IPO are approximately 68.01 million yuan, which includes underwriting fees, audit fees, legal fees, and other expenses [11]

Group 1 - The issuance will have a high elimination ratio, with a maximum of 3% of the total subscription volume from qualified offline investors being excluded based on the highest bids [1] - The lock-up period for the offline issuance is set at 6 months, with 30% of the allocated shares subject to this restriction, while 70% will be freely tradable upon listing [1] - The issuer, Marco Polo Holdings Co., Ltd., is conducting its initial public offering (IPO) in accordance with various regulatory guidelines and rules from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [2] Group 2 - The lead underwriter for this issuance is China Merchants Securities Co., Ltd., which will oversee the initial inquiry and offline subscription processes [3][8] - The issuance will combine strategic placements, offline inquiries, and online offerings to the public, ensuring a diversified approach to capital raising [4] - The total number of shares allocated to strategic investors and their holding periods will be disclosed in the official issuance announcement [5] Group 3 - Qualified offline investors include various institutional investors such as securities companies, fund management companies, and qualified foreign investors, among others [5] - The initial inquiry period for offline investors is set for September 30, 2025, during which they can submit their proposed prices and quantities [6] - The minimum bid increment for offline investors is set at 0.01 yuan, with a minimum subscription quantity of 1 million shares [7]

北京昊创瑞通电气设备股份有限公司 首次公开发行股票并在创业板上市之 上市公告书提示性公告 保荐人（主承销商）：长江证券承销保荐有限公司 本公司股票将在深圳证券交易所创业板市场上市，该市场具有较高的投资风险。创 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 经深圳证券交易所审核同意，北京昊创瑞通电气设备股份有限公司（以下简称"昊 创瑞通"、"发行人"、"公司"或"本公司"）发行的人民币普通股股票将于 2025 年 9 月 26 日在深圳证券交易所创业板上市，上市公告书全文和首次公开发行股票并在创 业板上市的招股说明书全文披露于中国证券监督管理委员会指定的信息披露网站：巨潮 资讯网（www.cninfo.com.cn）、中证网（www.cs.com.cn）、中国证券网（www.cnstock.com）、 证券时报网（www.stcn.com）、证券日报网（www.zqrb.cn）、经济参考网（www.jjckb.cn）、 中国金融新闻网（www.financialnews.com.cn）、中国日报网（cn.chinadaily.com.cn）， 供投资者查阅。 ...

Group 1 - The company Zhongyin Fashion (300901.SZ) reported a revenue of 179 million yuan for the first half of 2025, a year-on-year decrease of 7.04% [1] - The net profit attributable to shareholders was -2.51 million yuan, an improvement from -15.52 million yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -4.38 million yuan, compared to -13.04 million yuan in the previous year [1] - The net cash flow from operating activities was 12.34 million yuan, an increase of 52.82% year-on-year [1] Group 2 - In 2024, the company reported a net profit attributable to shareholders of -33.23 million yuan and a net profit of -26.67 million yuan after deducting non-recurring gains and losses [1] - Zhongyin Fashion raised a total of 538 million yuan from its initial public offering, with a net amount of 477 million yuan after deducting issuance costs [2] - The final net amount raised was 99.27 million yuan less than the original plan of 577 million yuan [2] - The issuance costs for the IPO were 60.28 million yuan, including underwriting fees of 48.38 million yuan [2]

Core Viewpoint - Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. has received approval for its initial public offering (IPO) of 16,279,025 shares on the ChiNext board, with a determined price of RMB 27.00 per share [1][2]. Group 1: Issuance Details - The total number of shares for this issuance is 16,279,025, with a price set at RMB 27.00 per share [2]. - The issuance will involve a combination of strategic placement, offline pricing, and online issuance to eligible investors [1]. - The initial strategic placement was 2,441,853 shares (15.00% of total), which was later adjusted to 1,559,259 shares (9.58% of total) [3][10]. Group 2: Subscription and Allocation - The offline issuance accounted for 1,056,876.6 shares (71.80% of the adjusted total), while the online issuance accounted for 415,100 shares (28.20%) before any adjustments [3]. - Due to a high subscription rate of 11,921.81 times, a reallocation mechanism was triggered, moving 294,400 shares from offline to online issuance [4]. - The final allocation after adjustments resulted in 762,476.6 shares for offline and 709,500 shares for online investors [4]. Group 3: Payment and Lock-up Period - Investors must ensure that subscription funds are fully paid by September 23, 2025, or their allocations will be void [5][9]. - Online shares will have no restrictions and can be traded immediately upon listing, while offline shares will have a 6-month lock-up period for 10% of the allocated shares [7]. - The strategic placement shares will have a 12-month lock-up period starting from the listing date [7].