Core Viewpoint - Beijing Haochuang Ruitong Electric Equipment Co., Ltd. is set to conduct its initial public offering (IPO) and list on the ChiNext board, with the underwriting managed by Changjiang Securities [1][3][30]. Group 1: IPO Details - The total number of shares to be publicly issued is 27,900,000, representing 25.36% of the company's total share capital post-IPO, which will amount to 110,000,000 shares [23][32]. - The initial strategic placement will consist of 5,580,000 shares, accounting for 20% of the total issuance [32]. - The initial offline issuance quantity is set at 15,624,000 shares, which is 70% of the total issuance after deducting the initial strategic placement [24][32]. Group 2: Issuance Process - The issuance will combine offline inquiries to qualified investors and online pricing for public investors holding non-restricted A-shares and depositary receipts [30]. - The pricing will be determined directly through initial inquiries without cumulative bidding [33]. - Investors must submit their pricing basis and proposed price range before participating in the inquiry [5][8]. Group 3: Investor Requirements - Offline investors must meet specific asset scale requirements, with a minimum average market value of 10 million yuan for certain funds and 60 million yuan for others over the 20 trading days prior to the inquiry [14][15]. - Each offline investor can submit up to three price quotes, with the highest quote not exceeding 120% of the lowest quote [6][9]. - The minimum subscription amount for offline investors is set at 1 million shares, with increments of 100,000 shares thereafter [6][28]. Group 4: Lock-up Period - For the shares allocated through offline issuance, 90% will have no lock-up period, while 10% will be subject to a 6-month lock-up period starting from the date of listing [33][32]. - Online issued shares will be freely tradable from the listing date [33]. Group 5: Important Dates - Key dates include the initial inquiry period from September 5, 2025, to September 6, 2025, and the online subscription date on September 11, 2025 [34][35]. - The final allocation results will be published on September 15, 2025 [32][34].

Core Points - Jiangyin Huaxin Precision Technology Co., Ltd. has successfully completed its initial public offering (IPO) and is set to list on the main board of the Shanghai Stock Exchange [1][2] - The total number of shares issued in this IPO is 43.7375 million, with a final strategic placement of 8.7475 million shares, accounting for 20% of the total issuance [2][3] - The final issuance price is set at 18.60 RMB per share, with the total number of shares available for online issuance being 13.996 million [2][3] Strategic Placement - The strategic placement involved a total of 8.7475 million shares, which is 20% of the total issuance, and the funds for this placement have been fully transferred to the designated bank account [2][6] - The strategic placement participants include senior management and core employees of the company, as well as large enterprises with strategic cooperation relationships [6][7] Issuance Mechanism - The issuance combines strategic placement, offline inquiry-based placement, and online pricing issuance, with the online issuance accounting for 80% of the shares after the strategic placement [2][3] - The initial effective subscription multiple for the online issuance was approximately 7,825.56 times, leading to the activation of the allocation adjustment mechanism [3][11] Subscription Results - The final allocation after the adjustment mechanism resulted in 6.998 million shares for offline investors and 27.992 million shares for online investors, with an online winning rate of 0.02555726% [3][11] - A total of 55,984 winning numbers were generated for online investors, with specific winning number sequences provided [10][11] Payment Obligations - Investors are required to fulfill their payment obligations by August 27, 2025, ensuring sufficient funds are available in their accounts [3][5] - Any failure to pay the required amount will be considered a waiver of subscription, and the consequences will be borne by the investors [5][6]

Group 1 - The company, Jiangxi Aifenda HVAC Technology Co., Ltd., is set to conduct an initial public offering (IPO) on the Shenzhen Stock Exchange, with the main underwriter being Zheshang Securities Co., Ltd. [1][2][20] - The total number of new shares to be publicly issued is 21.67 million, representing 25% of the company's total share capital post-IPO, which will amount to 86.67 million shares [28][20]. - The initial strategic placement will involve 4.334 million shares, accounting for 20% of the total issuance, with a maximum subscription amount for management and core employees set at 10% of the total issuance [21][28]. Group 2 - The issuance will combine offline inquiries and online offerings, with the pricing determined through initial inquiries from qualified institutional investors [26][20]. - The offline issuance will be conducted through the Shenzhen Stock Exchange's electronic platform, while the online issuance will utilize the trading system of the exchange [2][26]. - The company will implement a lock-up period for 10% of the shares allocated to offline investors, which will be restricted for six months post-listing [12][28]. Group 3 - The company and the main underwriter will ensure compliance with regulatory requirements during the inquiry and issuance process, including investor qualifications and asset scale verification [24][30]. - The final allocation of shares will be determined based on the results of the offline inquiries, with a minimum of 10 valid bids required for participation [12][29]. - The company will disclose the final issuance results and allocation details in a public announcement following the completion of the offering [29][34].

Core Viewpoint - Naxin Micro (688052.SH) reported significant revenue growth in the first half of 2025, with a revenue of 1.524 billion yuan, marking a year-on-year increase of 79.49%, despite a net loss attributed to shareholders of 78.01 million yuan [1][2] Financial Performance - The company's revenue for the first half of 2025 was 1.524 billion yuan, up from 848.87 million yuan in the same period last year, reflecting a growth of 79.49% [2] - The net profit attributable to shareholders was -78.01 million yuan, compared to -265.25 million yuan in the previous year [2] - The net profit excluding non-recurring gains and losses was -105.64 million yuan, an improvement from -286.36 million yuan year-on-year [2] - The net cash flow from operating activities was -307.67 million yuan, a decline from a positive cash flow of 8.40 million yuan in the same period last year [2] Historical Context - Naxin Micro was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 22, 2022, with an initial public offering of 25.27 million shares at a price of 230.00 yuan per share [3] - The total funds raised from the IPO amounted to 5.811 billion yuan, significantly exceeding the initial target of 750 million yuan [3] Shareholder Information - The total issuance costs for the IPO were 230 million yuan, with underwriting fees accounting for 203 million yuan [4] - A strategic placement was made by Everbright Securities, with a follow-on investment of 1.16 million yuan, representing 2% of the total shares issued [4] - In 2022, the company announced a cash dividend of 0.8 yuan per share and a capital increase of 0.4 shares per share, resulting in a total share capital of 141.49 million shares post-distribution [4]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its initial public offering (IPO) and will be listed on the main board of the Shanghai Stock Exchange [2][3]. Group 1: IPO Details - The company plans to publicly issue 43.75 million shares, which will account for 25% of the total share capital after the issuance [3]. - The entire issuance consists of new shares, with no existing shares being transferred [3]. - The initial strategic placement will involve 13.996 million shares, representing 40% of the issuance after deducting the initial strategic placement amount [3]. Group 2: Issuance Mechanism - The issuance will combine strategic placement, offline inquiry-based placement for qualified investors, and online pricing issuance for public investors holding non-restricted A-shares and non-restricted depositary receipts [2][3]. - The pricing for the offline issuance will be determined through preliminary inquiries, with no cumulative bidding inquiries conducted [2]. Group 3: Investor Engagement - The company and its sponsor, Huatai United Securities Co., Ltd., will hold an online roadshow to provide investors with information regarding the issuance and the company [3]. - Investors can access the full prospectus and related documents on the Shanghai Stock Exchange website [3].

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. is preparing for its initial public offering (IPO) and listing on the ChiNext board, following the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2]. Group 1: Issuance Details - The IPO will be managed by Zheshang Securities Co., Ltd. as the lead underwriter [2]. - The issuance will combine strategic placement, offline inquiry placement, and online issuance to the public [2][3]. - The strategic placement will involve the company's senior management and core employees, along with other qualified investors [2][3]. Group 2: Inquiry and Subscription Process - The initial inquiry period for the issuance is set for August 26, 2025, from 9:30 AM to 3:00 PM [4]. - Qualified offline investors must submit their pricing basis and proposed subscription amounts through the Shenzhen Stock Exchange's electronic platform before participating in the inquiry [4]. - The pricing basis submitted by offline investors must be accurate and complete, and they are responsible for its authenticity [4].

Core Points - The issuer, Yangzhou Tianfulong Group Co., Ltd., has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the main board from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2] - The total number of shares to be issued is 40.01 million, with an initial strategic placement of 4.001 million shares, representing 10% of the total issuance [2] - The final strategic placement amount is 3.347457 million shares, approximately 8.37% of the total issuance, with the difference being allocated to offline issuance [2] Issuance Structure - The issuance will combine strategic placement, offline issuance to qualified investors, and online issuance to the public [1] - After the strategic placement adjustment, the offline issuance will consist of approximately 25.86 million shares, accounting for 70.54% of the remaining shares, while online issuance will consist of about 10.80 million shares, representing 29.46% [2] - The final issuance price is set at RMB 23.60 per share [2] Payment and Subscription Details - Investors must fulfill their payment obligations by July 30, 2025, and ensure that funds are available in their accounts [3] - Offline investors are required to adhere to a 10% lock-up period for their allocated shares, lasting six months from the listing date [4] - If the total subscription from offline and online investors does not meet 70% of the adjusted issuance amount, the offering will be suspended [5] Subscription Statistics - The online issuance received 12,614,961 valid applications, totaling 88,444,640,500 shares, resulting in an initial online winning rate of 0.01221385% [6] - The online issuance's effective subscription multiple was approximately 8,187.42 times, prompting the activation of the allocation adjustment mechanism [6] - Following the adjustment, the final online winning rate increased to 0.02879541% [6] Lottery and Announcement - The lottery for online subscriptions is scheduled for July 29, 2025, with results to be published on the Shanghai Stock Exchange website on July 30, 2025 [7]

扬州天富龙集团股份有限公司 首次公开发行股票主板 上市公告书提示性公告 保荐人（主承销商）：中信建投证券股份有限公司 扫描二维码查阅公告全文 本公司及全体董事、监事、高级管理人员保证信息披露的内容真实、准确、 完整、及时，没有虚假记载、误导性陈述或重大遗漏。 经上海证券交易所审核同意，扬州天富龙集团股份有限公司（以下简称"天 富龙"、"本公司"或"发行人"）发行的人民币普通股股票将于 2025 年 8 月 上市的招股说明书全文披露于上海证券交易所网站（www.sse.com.cn）和符合中 国证监会规定条件网站（中国证券网，网址 https://www.cnstock.com；中证网， 网址 https://www.cs.com.cn；证券时报网，网址 https://www.stcn.com；证券日报 网，网址 http://www.zqrb.cn； ，网址 https://www.jjckb.cn；金融时报， 网 址 https://www.financialnews.com.cn ； 中 国 日 报 网 ， 网 址 https://cn.chinadaily.com.cn），供投资者查阅。 一、上市概况 ...

股票简称：天富龙 股票代码：603406 扬州天富龙集团股份有限公司 Yangzhou Tinfulong Group Co., Ltd. （扬州（仪征）汽车工业园联众路 9 号） 首次公开发行股票主板上市公告书 保荐人（主承销商） （住所：北京市朝阳区安立路 66 号 4 号楼） 二〇二五年八月七日 扬州天富龙集团股份有限公司 上市公告书 特别提示 扬州天富龙集团股份有限公司（以下简称"发行人"、"天富龙"、"本 公司"或"公司"）股票将于 2025 年 8 月 8 日在上海证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在 新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 本上市公告书中若出现总数与各分项数值之和尾数不等的情况，均为四舍 五入尾差所致。 扬州天富龙集团股份有限公司 上市公告书 第一节 重要声明与提示 一、 重要声明与提示 本公司及全体董事、监事、高级管理人员保证上市公告书所披露信息的真 实、准确、完整，承诺上市公告书不存在虚假记载、误导性陈述或者重大遗漏， 并依法承担法律责任。 上海证券交易所、有关政府机关对本公司股票上市及有关事项的意见，均 ...

Summary of Key Points Company Overview - HANSAN (Nanjing) Technology Co., Ltd. is set to list its common stock on the Shenzhen Stock Exchange's ChiNext board on August 6, 2025 [1] - The total share capital after the initial public offering (IPO) will be 129 million shares, with 32.25 million shares being newly issued [5] IPO Details - The IPO price is set at 28.91 RMB per share, which is below the median and weighted average of the bids from qualified institutional investors [2] - The diluted price-to-earnings (P/E) ratio based on the 2024 audited net profit is 14.90 times, significantly lower than the industry average P/E ratio of 41.50 times as of July 22, 2025 [6] Industry Context - The company operates in the "Manufacturing of Computers, Communications, and Other Electronic Equipment" sector, classified under C39 [2] - The average static P/E ratio for comparable companies in the same industry is reported to be 36.19 times for 2024 [6] Market Risks - The ChiNext board is characterized by higher investment risks, including unstable performance and significant delisting risks [2] - Investors are advised to understand the risks associated with the ChiNext market and the specific risk factors disclosed by the company [2]