1、本次网下发行申购日与网上申购日同为2025年9月19日（T日），其中，网下申购时间为9:30-15:00， 网上申购时间为9:15-11:30、13:00-15:00。投资者在2025年9月19日（T日）进行网上和网下申购时无需 缴付申购资金。 2、所有拟参与本次初步询价且符合相关投资者条件的网下投资者，须按照相关要求在2025年9月12日 （T-5日）中午12:00前注册并提交核查材料，注册及提交核查材料时请登录国金证券网下投资者报备系 统（网下投资者需通过国金证券官网（http://www.gjzq.com.cn/）首页-业务中心-投资银行-IPO信息披露 进入网下投资者报备系统或者直接访问以下网址进入报备系统： https://ipo.gjzq.com.cn/indexTZZBBController/toIndex，网页右上角可下载操作指南。如有问题请致电咨 询021-68826825、021-68826123、021-68826138）。 3、发行方式：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"）和网上向持有深圳市场非 ...

Core Points - The company, Suzhou Huichuan United Power System Co., Ltd., has received approval for its initial public offering (IPO) of 288.574910 million shares on the ChiNext board, with the registration approved by the China Securities Regulatory Commission [1] - The IPO will utilize a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public, with the offline pricing determined through initial inquiries [1][2] - After the IPO, the total share capital of the company will be 2,404.790910 million shares, with the public offering accounting for 12% of the total [1] Strategic Placement - The initial strategic placement will consist of 86.572473 million shares, representing 30% of the total issuance [2] - The underwriter's related subsidiaries will participate with an initial investment of 3% of the total issuance, equating to 8.657247 million shares [2] - Senior management and core employees are expected to subscribe up to 10% of the total issuance, which is 28.857491 million shares, with a maximum investment of 240 million yuan [2] Issuance Details - Before the activation of the placement mechanism, the initial offline issuance quantity is set at 161.602437 million shares, approximately 80% of the remaining issuance after strategic placement [3] - The initial online issuance quantity is 40.400000 million shares, accounting for 20% of the remaining issuance [3] - The final numbers for offline and online issuance will be confirmed based on the strategic placement results and will be published in a preliminary allocation results announcement on September 17, 2025 [3] Investor Engagement - The company and the underwriter will hold an online roadshow to provide potential investors with information about the company and the IPO process [3] - The roadshow is scheduled for September 12, 2025, from 14:00 to 17:00 [6]

Core Viewpoint - Shanghai Yousheng Aluminum Industry Co., Ltd. is set to conduct its initial public offering (IPO) and list on the main board, following the approval from the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE) [1][4]. Group 1: IPO Process - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods [2][4]. - The main underwriter for this issuance is Guotai Haitong Securities Co., Ltd. [2]. - The initial inquiry period for the IPO was from September 9, 2025, during which a total of 9,256 inquiries were received from 697 offline investors [5]. Group 2: Pricing and Subscription - The proposed subscription price range was between 22.64 yuan/share and 105.46 yuan/share, with a total proposed subscription quantity of 8,053,700,000 shares [5]. - After the initial inquiry, 62 inquiries were deemed invalid due to non-compliance with requirements, leading to a total of 8,008,980,000 shares being proposed for subscription [7][8]. - The final subscription amount after removing invalid and high-price inquiries resulted in a net subscription of 7,928,390,000 shares, indicating a subscription multiple of 3,422.03 times the initial issuance scale [8].

Group 1 - The core viewpoint of the news is that Zhongke Weizhi (688211.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges [1] - The company achieved operating revenue of 1.002 billion yuan, a year-on-year decrease of 25.40% [1] - The net profit attributable to shareholders was -62.48 million yuan, compared to a profit of 4.53 million yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -84.99 million yuan, worsening from -32.54 million yuan year-on-year [1] - The net cash flow from operating activities was 56.82 million yuan, down from 153 million yuan in the previous year [1] Group 2 - From 2022 to 2024, Zhongke Weizhi's operating revenue was 2.315 billion yuan, 1.957 billion yuan, and 2.474 billion yuan respectively [1] - The net profit attributable to shareholders for the same period was -119 million yuan, 20.85 million yuan, and -847.51 million yuan [1] - The net profit after deducting non-recurring gains and losses was -191 million yuan, -44.98 million yuan, and -133 million yuan [1] - The net cash flow from operating activities for these years was -37.44 million yuan, 622 million yuan, and 261 million yuan [1] Group 3 - Zhongke Weizhi was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 26, 2021, with an issuance of 33 million shares at a price of 90.20 yuan per share [1] - The total amount raised from the initial public offering (IPO) was 2.977 billion yuan, with a net amount of 2.749 billion yuan after deducting issuance costs [2] - The final net amount raised was 1.409 billion yuan more than originally planned [2] - The IPO expenses totaled 228 million yuan, including underwriting and sponsorship fees of 208 million yuan [2]

Core Points - Jiangxi Aifenda HVAC Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21.67 million shares on the ChiNext board, with a determined price of RMB 27.69 per share [1][2] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods [1] - The initial strategic placement was set at 4.33 million shares, accounting for 20% of the total issuance, with final strategic placement adjusted to 4.26 million shares, or 19.67% of the total [3][6] Strategic Placement - The strategic placement includes participation from senior management and core employees, with 2.09 million shares allocated to a special asset management plan and 2.17 million shares to other investors [3][6] - The difference of 72,536 shares from the initial to final strategic placement was reallocated to offline issuance [3] Issuance Mechanism - The issuance price is capped at the lower of the median and weighted average of offline investor quotes, excluding the highest bid [2] - A mechanism for reallocating shares from offline to online issuance was activated due to a high subscription rate of 10,974.57 times, leading to an increase in online shares by 348,200 shares [4] Subscription Results - The final subscription results showed that offline investors received 872.60 million shares, while online investors received 868.25 million shares after the reallocation [4] - The online issuance had a winning rate of 0.0152% and an effective subscription multiple of 6,573.37 times [4] Underwriting and Fees - The lead underwriter, Zheshang Securities, will underwrite all shares that online investors chose not to subscribe, totaling 56,097 shares [8] - The total underwriting amount for these shares was RMB 1,553,325.93 [8] - Issuance fees do not include VAT and are subject to minor rounding differences [9]

Listing Overview - Jiangyin Huaxin Precision Technology Co., Ltd. (referred to as "Huaxin Precision" or "the Company") will list its ordinary shares on the Shanghai Stock Exchange on September 5, 2025 [1] - The total share capital after the issuance will be 174.95 million shares, with 43.74 million shares being newly issued [4][5] - The initial public offering (IPO) price is set at 18.60 CNY per share, corresponding to a price-to-earnings (P/E) ratio of 15.94 times based on pre-IPO earnings and 21.25 times based on post-IPO earnings [4][5] Market Comparison - The P/E ratio of 21.68 times based on post-IPO earnings is lower than the industry average of 21.80 times as of August 20, 2025 [6] - The average P/E ratio for comparable companies in the electrical machinery and equipment manufacturing industry is significantly higher at 68.57 times [6] Trading Risks - The first five trading days will have no price fluctuation limits, which may lead to significant price volatility [2] - The limited number of circulating shares (3.43 million shares, or 19.60% of total shares) poses a liquidity risk [3] - The stock will be eligible for margin trading from the first day of listing, which may introduce additional price volatility and market risks [7]

Listing Overview - Jiangyin Huaxin Precision Technology Co., Ltd. (referred to as "Huaxin Precision" or "the Company") will list its ordinary shares on the Shanghai Stock Exchange on September 5, 2025 [1] - The total share capital after the issuance will be 174.95 million shares, with 43.74 million shares being newly issued [4] - The initial public offering (IPO) price is set at 18.60 CNY per share [4] Financial Metrics - The price-to-earnings (P/E) ratio based on the IPO price is calculated as follows: - 15.94 times based on pre-issuance total share capital [4] - 21.25 times based on post-issuance total share capital [4] - 16.26 times based on pre-issuance net profit excluding non-recurring gains and losses [5] - 21.68 times based on post-issuance net profit excluding non-recurring gains and losses [5] - The average static P/E ratio for the electrical machinery and equipment manufacturing industry is 21.80 times as of August 20, 2025 [5][6] Market Risks - The stock will have no price fluctuation limits during the first five trading days, which may lead to significant price volatility [2] - The limited number of circulating shares (3.43 million shares, or 19.60% of total shares) may result in liquidity risks [3] - The stock will be eligible for margin trading from the first day of listing, which could increase price volatility and market risks [7]

Core Points - Jiangxi Aifenda HVAC Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21.67 million shares on the ChiNext board, with a determined price of RMB 27.69 per share [1][2] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods to distribute shares [1] - The initial strategic placement was set at 4.33 million shares, accounting for 20% of the total issuance, with final strategic placement adjusted to 4.26 million shares, or 19.67% of the total [3][6] Strategic Placement - The strategic placement includes participation from senior management and core employees, with their portion amounting to approximately 9.67% of the total issuance [3][6] - The remaining strategic placement shares were allocated to other investors, totaling 10% of the issuance [3][6] - A total of 7.25 million shares were reallocated from the initial strategic placement to the offline issuance due to adjustments [3] Issuance Mechanism - The issuance price is determined based on the median and weighted average of bids from qualified investors, excluding the highest bid [2] - The final allocation saw a significant interest from online investors, with a subscription multiple of 10,974.57, prompting a reallocation of shares from offline to online [4] - After the reallocation, the final distribution was 872.60 million shares for offline investors and 868.25 million shares for online investors [4] Subscription and Payment - The subscription and payment process for the new shares concluded on September 3, 2025, with detailed statistics on the participation from strategic, online, and offline investors [5] - Online investors subscribed for 8,626,403 shares, while offline investors subscribed for 8,726,036 shares, with no shares being declined by offline investors [8] Lock-up Period - A lock-up period of 6 months applies to 10% of the shares allocated to offline investors, while 90% of the shares will be freely tradable upon listing [7]

特别提示 苏州汇川联合动力系统股份有限公司（以下简称"联合动力"、"发行人"或"公司"） 根据中国证券监督管 理委员会（以下简称"中国证监会"）颁布的《证券发行与承销管理办法》（证监会令[第228号]）（以 下简称"《管理办法》"）、《首次公开发行股票注册管理办法》（证监会令[第205号]），深圳证券交 易所（以下简称"深交所"）发布的《深圳证券交易所首次公开发行证券发行与承销业务实施细则（2025 年修订）》（深证上[2025]267号）（以下简称"《业务实施细则》"）、《深圳市场首次公开发行股票 网上发行实施细则》（深证上[2018]279号）（以下简称"《网上发行实施细则》"）、《深圳市场首次 公开发行股票网下发行实施细则（2025年修订）》（深证上[2025]224号）（以下简称"《网下发行实施 细则》"）、《深圳证券交易所创业板投资者适当性管理实施办法（2020年修订）》（深证上[2020]343 号）（以下简称"《投资者适当性管理办法》"），中国证券业协会发布的《首次公开发行证券承销业务 规则》（中证协发[2023]18号）、《首次公开发行证券网下投资者管理规则》（中证协发[2025]57号） （ ...

上海友升铝业股份有限公司 首次公开发行股票并在主板上市 发行安排及初步询价公告 保荐人（主承销商）：国泰海通证券股份有限公司 重要提示 上海友升铝业股份有限公司（以下简称"友升股份"、"发行人"或"公 司"）根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《证券 发行与承销管理办法》（证监会令〔第 228 号〕）（以下简称"《管理办法》"）、 《首次公开发行股票注册管理办法》（证监会令〔第 205 号〕），上海证券交易所 （以下简称"上交所"）颁布的《上海证券交易所首次公开发行证券发行与承销 业务实施细则（2025 年修订）》（上证发〔2025〕46 号）（以下简称"《实施细 则》"）、《上海市场首次公开发行股票网上发行实施细则（2025 年 3 月修订）》 （上证发〔2025〕43 号） （以下简称"《网上发行实施细则》"）、 《上海市场首 （上证发〔2024〕112 号） 次公开发行股票网下发行实施细则（2024 年修订）》 （以 下简称"《网下发行实施细则》"），中国证券业协会颁布的《首次公开发行证 券承销业务规则》 （中证协发〔2023〕18 号） （以下简称"《承销业务规则》"）、 本次发 ...