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过往终止率超72%!谁能成功闯关第二轮IPO现场检查?
2 1 Shi Ji Jing Ji Bao Dao· 2025-07-07 11:48
Group 1 - The second wave of IPO现场检查 in 2025 includes 12 companies, with 8 applying for the Shanghai Stock Exchange and 4 for the Shenzhen Stock Exchange [1] - 惠科股份 is the only company making a second IPO attempt, previously applying for the创业板 with a planned fundraising of 9.5 billion yuan [1][4] - In 2023 and 2024, the number of companies undergoing IPO现场检查 was significantly lower, with only 17 and 4 respectively, while 14 companies have been selected in 2025 so far [1] Group 2 - The 12 selected companies have an average net profit of 498 million yuan over the past year, with a total fundraising target of 24.81 billion yuan [2] - Seven of the companies are expected to generate over 1 billion yuan in revenue in 2024, with net profits exceeding 200 million yuan [3] Group 3 - 惠科股份 is the largest company among the selected, with a planned fundraising of 8.5 billion yuan, specializing in semiconductor display panels and smart display terminals [4] - 惠科股份 has seen its revenue grow from 27.134 billion yuan in 2022 to an estimated 40.31 billion yuan in 2024, with net profits recovering from a loss of 1.428 billion yuan in 2022 to a profit of 3.339 billion yuan in 2024 [4] Group 4 - The panel industry is known for its cyclical volatility, with 惠科股份 previously withdrawing its IPO application due to declining LCD panel prices [5] - The industry is showing signs of recovery in 2023, but concerns remain about potential future volatility in the TV panel market [5] Group 5 -芯密科技, the smallest company among the selected, focuses on semiconductor-grade perfluoroether rubber materials, with a planned fundraising of 785 million yuan [7] -芯密科技's revenue has grown from approximately 41.59 million yuan in 2022 to 208 million yuan in 2024, but it has a high customer concentration risk [7][8] Group 6 - The chemical industry has the highest number of selected companies, totaling 5, including田园生化 and东岳未来, with varying revenue and profit trends [9] - The computer, communication, and other electronic equipment manufacturing sector has 3 companies selected, including 惠科股份 and芯密科技, with significant revenue contributions from major clients [9] Group 7 - The 12 IPO projects involve 9 different securities firms, with 中信证券 and 中金公司 being the most active [10] - The current IPO regulatory environment emphasizes strict scrutiny and market-oriented approaches, with a focus on identifying high-quality companies [10][12] Group 8 - The termination rate for IPO现场检查 has been high, with only 22 out of 115 companies successfully listing since 2021 [10][11] - The regulatory approach has shifted from merely gatekeeping to actively screening for quality, particularly for traditional industries and high-tech companies [12][13]
全球稳定币监管框架建立,产业将迎来爆发时刻
Shanxi Securities· 2025-07-07 11:47
资料来源:最闻 【山证计算机】AI 算力专题报告:AI 产 业高景气持续,算力国产化大势所趋 2025.5.27 【山证计算机】机器人产业趋势持续强 化,重视上下游投资机会 2025.5.14 分析师: 计算机 行业快报 领先大市-A(维持) 2025 年 7 月 7 日 行业研究/行业快报 计算机行业近一年市场表现 方闻千 执业登记编码:S0760524050001 邮箱:fangwenqian@szxq.com 研究助理: 邮箱:zouxinchen@sxzq.com 全球稳定币监管框架建立,产业将迎来爆发时刻 事件描述: 首选股票 评级 全球稳定币监管立法正快速推进:今年 6 月 17 日,美国参议院以 68 票 比 30 票正式通过 GENIUS 法案,明确了支付型稳定币的定义并提出了稳定 币的发行资质和抵押品要求等,为美元稳定币制定监管框架,目前 GENIUS 法案正递交众议院审议;欧盟 MiCA 法案已于 24 年 12 月 30 日全面生效; 今年 5 月 21 日,香港通过《稳定币条例草案》,并将于 8 月 1 日正式生效, 该条例明确稳定币发行人需在香港金管局申请牌照,并符合储备资产管理、 ...
【稳定币观潮】稳定币概念股飙升,国泰君安国际涨逾10%
Sou Hu Cai Jing· 2025-07-07 11:36
Group 1 - The Hong Kong government is set to implement the "Stablecoin Ordinance" in August, which will establish a licensing system for fiat-backed stablecoin issuers in Hong Kong [1][2] - The Financial Secretary, Xu Zhengyu, indicated that the number of licenses issued will be in the "single digits," with expectations to receive applications after the ordinance takes effect [2] - There are currently at least nine institutions interested in applying for stablecoin licenses, including three that are part of the Hong Kong Monetary Authority's stablecoin issuer sandbox [2] Group 2 - Following the announcement, Hong Kong's stablecoin concept stocks saw significant gains, with notable increases in share prices for companies such as Guotai Junan International (+10.77%) and Yika (+9.87%) [3] - Stablecoins are expected to facilitate cross-border payments and reduce transaction costs, serving as a local currency alternative in specific regions [4] - Analysts from various securities firms suggest that the stablecoin market is expanding beyond cryptocurrency trading into broader payment applications, indicating a rapid increase in market size and trading activity [4]
警惕稳定币背后的“虚火”
Zheng Quan Shi Bao Wang· 2025-07-07 11:30
近期,市场对稳定币的关注度已上升至火热局面。稍有消息刺激,便引起相关公司股价暴涨,而港股上 市公司更是动辄几十倍上涨,已严重脱离了公司的基本面。 值得一提的是,稳定币本质是锚定资产的信用延伸,价格受锚定资产波动影响,同时还存在脱锚风险。 因此,稳定币的价值并非绝对稳定,市场对稳定币的认知可能存在一定误区。 当前,各国对稳定币的态度不一。有分析人士指出,伴随监管逐步介入,一些试图绕过美元制裁的特殊 地区,原本用于稳定币的交易,可能面临更严格的限制,甚至被禁用。此外,若稳定币创新速度快,监 管政策的制定和实施或难以对所有新型风险和问题及时有效应对。 整体而言,凭借低成本、实时结算和全天候可用等显著优势,稳定币或成为新一代跨境支付基础设施。 但市场投资者也需要警惕稳定币发展过程中可能存在的风险,包括行业可能面临的监管政策风险、发展 过程中可能出现的技术性风险等。 今年6月,美国参议院高票通过《指导与建立美国稳定币国家创新法案》,众议院也正快马加鞭推动相 关立法进程。法案规定,稳定币发行人的储备资金只能投向美元现金、活期存款、93天以内的美债、7 天以内的美债回购和逆回购协议等。为提高储备透明度、提升公众信心,发行人 ...
中国稳定币:构建数字支付新基建
Huafu Securities· 2025-07-07 08:24
行 业 研 究 传媒 2025 年 07 月 07 日 中国稳定币:构建数字支付新基建 投资要点: 稳定币在全球范围内已成为金融监管的重要议题 行 业 动 态 跟 踪 稳定币在全球范围内已成为金融监管的重要议题。欧美国家中, 欧盟 2024 年 12 月凭借《加密资产市场条例》(MiCA)率先构建起完 整的稳定币监管框架。2025 年来美国正加快推进稳定币《GENIUS》 立法进程,2025 年 6 月参议院投票通过。亚洲国家中,2023 年 6 月 日本《支付服务法》则已允许银行及信托公司发行日元稳定币。 总体来看,全球主要经济体普遍趋向将稳定币纳入现有金融监管 体系之下,推动其在安全可控前提下参与支付和结算等实际场景。 中国香港在稳定币监管中动作积极、路径清晰 中国香港在数字资产领域已有先行布局。2022 年特区政府发布《有 关虚拟资产发展的政策宣言》,2024 年 3 月,香港开始推出稳定币发 行人"沙盒"制度,2025 年 5 月《稳定币条例》通过,将在 2025 年 8 月 1 日正式实施稳定币发牌制度。监管思路通过发牌制度、准入门槛、 储备管理、赎回规定等规定,来保障消费者权益。包括设置 2500 ...
重庆市綦江区市场监督管理局关于27批次食品安全抽检情况的通告(2025年第10号)
Zhong Guo Zhi Liang Xin Wen Wang· 2025-07-07 08:21
Core Viewpoint - The recent food safety inspection in Qijiang District revealed that out of 27 batches of food products tested, 25 were compliant while 2 were found to be non-compliant, leading to immediate regulatory actions [2][3]. Group 1: Inspection Results - A total of 27 batches of edible agricultural products were sampled, with 25 passing and 2 failing the safety standards [2]. - The non-compliant products were identified based on specific food safety national standards, which classify any failure in testing as a non-compliant product [2]. Group 2: Regulatory Actions - The local market supervision authority has initiated legal actions against the non-compliant products as per the Food Safety Law of the People's Republic of China [2]. - Risk control measures have been implemented, including tracing the product flow, recalling, and removing the non-compliant products from the market [2].
省医保基金稽核中心来泰安市第一人民医院调研医保智能场景监控工作
Qi Lu Wan Bao Wang· 2025-07-07 08:07
Core Insights - The focus of the news is on the implementation and effectiveness of the medical insurance intelligent monitoring system at Tai'an First People's Hospital, which aims to enhance the regulation of medical insurance funds and improve service quality for patients [1][3][5]. Group 1: Implementation of Intelligent Monitoring System - The Tai'an First People's Hospital has adopted an intelligent monitoring system for medical insurance, which includes AI video monitoring and various smart devices to oversee inpatient, outpatient, and dialysis scenarios in real-time [3]. - The monitoring system has demonstrated its practicality and convenience through the use of handheld mobile terminals, smart thermometers, and medical service terminals [3]. Group 2: Regulatory Improvements - The hospital aims to standardize medical practices by integrating medical insurance regulation throughout the entire process of medical care, management, and service [5]. - A comprehensive regulatory network will be established through collaboration across multiple departments, employing a full-chain regulatory model that includes pre-warning, in-process reminders, and post-analysis [5]. Group 3: Goals and Outcomes - The initiative seeks to transition from passive to proactive regulation of medical insurance funds, ensuring comprehensive monitoring of fund usage to prevent losses [5]. - The ultimate goal is to provide fair, just, intelligent, and efficient medical insurance services to insured patients while promoting high-quality management within the hospital [5].
罚罚罚!2024年会计所执业质量检查通告,罚单大增超80%!
证券时报· 2025-07-07 07:49
受罚家数及人数均大增逾80% 2024年中国注册会计师协会(以下简称"中注协")联合财政部监督评价局,组织相关人员与财政部监管 局组建检查组,对备案从事证券服务业务的会计师事务所进行执业质量检查;同时组织各省、自治区、直 辖市及深圳市注册会计师协会(以下简称"地方注协"),联合地方财政部门,对当地区域内的会计师事务 所开展执业质量检查。 检查覆盖拓宽,处罚数量更多。 近日,中国注册会计师协会(以下简称"中注协")公告2024年会计师事务所执业质量检查的情况。根据 证券时报·券商中国记者统计,中注协与地方注协对会计师事务所的检查数量从2023年的2151家增加至 2024年的2226家,更多会计师事务所被纳入"严监管"视野,监管部门从源头上及时发现执业问题。 另一方面,处罚家数和人数大幅增长,同比增幅均超80%。 会计师事务所和注册会计师应强化风险意识 和责任意识,推动行业整体执业质量提升。 证券时报·券商中国记者注意到,2024年的检查面更大,处罚家数更多。具体来看,2024年中注协与地 方注协共对2226家会计师事务所开展执业质量检查,相较2023年的2151家增长3.5%,覆盖度更广。 在处罚方面,202 ...
事关稳定币!深圳发布风险提示
证券时报· 2025-07-07 07:49
警惕以稳定币为名的犯罪活动 警惕以稳定币等名义实施非法集资。 7月7日,深圳市防范和打击非法金融活动专责小组办公室("专责小组")就稳定币涉及的相关风险发出风 险提示。 在提示中,专责小组表示,近期以稳定币为代表的数字货币受到市场广泛关注。但监测发现,一些不法机 构以"金融创新""数字资产"等为噱头,利用社会公众对稳定币等了解不足的特点,通过发行所谓"虚拟货 币""虚拟资产""数字资产"等方式吸收资金,诱导社会公众参与交易炒作,扰乱经济金融秩序,滋生非法集 资、赌博、诈骗、传销、洗钱等违法犯罪活动,严重危害社会公众财产安全。 专责小组表示,此类不法机构未经国家金融管理部门依法许可或者违反国家金融管理规定,不具有公开吸 收公众存款的资质。该类机构利用稳定币等新概念进行炒作,编造所谓的"虚拟货币""虚拟资产""数字资 产"等投资项目,公开虚假宣传并吸收公众资金,滋生非法集资、赌博、诈骗、传销、洗钱等违法犯罪活 动。专责小组强调,《防范和处置非法集资条例》规定,国家禁止任何形式的非法集资,因参与非法集资 受到的损失,由集资参与人自行承担。请广大群众增强理性投资意识,不要盲目相信天花乱坠的承诺,树 立正确的货币观念和 ...
收盘丨沪指窄幅震荡微涨0.02%,全市场超3200只个股上涨
Di Yi Cai Jing· 2025-07-07 07:22
盘面上,中船系、电力、房地产、互联网电商板块走强,生物制品、减肥药、AI手机板块跌幅居前。 具体来看,地产股盘中拉升,渝开发、沙河股份、南山控股等5股涨停,海泰发展、中洲控股、金地集团等跟涨。 电力股逆势爆发,韶能股份、华银电力、世茂能源等近10股涨停。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 300335 | 迪森股份 | +18.56% | 7.09 | | 688248 | 南网科技 | +14.72% | 35.46 | | 000601 | 韶能股份 | +10.07% | 6.12 | | 600475 | 华光环能 | +10.02% | 13.83 | | 600744 | 华银电力 | +10.02% | 6.70 | | 605028 | 世茂能源 | +10.01% | 21.00 | | 001896 | 豫能控股 | +10.00% | 5.39 | | 000037 | 深南申A | +10.00% | 10.56 | | 600396 | 华电订能 | +10.00% | 3.85 | | 600644 | 乐山电力 ...