投资有风险，入市需谨慎。本内容不构成任何投资建议。投 资者不应以该等信息取代其独立判断或仅根据该等信息做出 决策。申万宏源对这些信息的准确性或完整性不作保证，亦 不对因使用该等信息而引发或可能引游躲损豢秃拐չ-α葛磊 免责声明 星期二 12月 (1) O 今日中签缴..3 今日申 ... マイ 股 元创股份 001325 网 国 24.75 12.93/26.37 发行/行业市盈率 1.95万股 申购上限 发行价(元) 今日无新债 ● ...

| 募集资金投资方向 | 拟投入募集资金金额 (亿元) | 日所 | | --- | --- | --- | | 生产基地建设项目 | 4.00 | 82.45% | | 技术中心建设项目 | 0.25 | 5.18% | | 补充流动资金项目 | 0.60 | 12.37% | 新股特点 国内橡胶履带行业市占率第一。 12月9日，可申购深市主板的元创股份（001325）(001325.SZ)。该公司主营橡胶履带类产品的研发、生 产与销售，主要产品包括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板。产品作为联合收割机、 挖掘机、装载机、摊铺机等多种履带式农用或工程机械的行走部件，最终应用于农业生产、工程施工等 不同应用领域。 打新早知道 Est Un Descrip | 今日申购 | | | | | --- | --- | --- | --- | | 001325.SZ 元创股份 | | | | | 发行价(元/股) | 机构报价(元/股) | 市值(亿元) | 所属行业 | | 24.75 | | 14.55 | 橡胶和塑料制品业 | | 发行市盈率 | 行业市盈率 | 可以公司 | 可比公司动态市盈率 | ...

Core Viewpoint - The article discusses the upcoming new stock offerings on December 8, 2025, highlighting the importance of knowledge and tools for successful subscription in the stock market [1][6]. Group 1: New Stock Offerings - Company Name: Nabai Chuan (纳百川), Subscription Code: 301667, Issue Price: 22.63 CNY per share, Issue PE Ratio: 28.7, Subscription Limit: 6500 shares, Payment Date: December 2025, Required Market Value for Full Subscription: 6.5 million CNY [1][7]. - Company Name: Youxun Co., Ltd. (优迅股份), Subscription Code: 787807, Issue Price: 51.66 CNY per share, Issue PE Ratio: 60.27, Subscription Limit: 4500 shares, Payment Date: December 2025, Required Market Value for Full Subscription: 4.5 million CNY [1][7]. - Nabai Chuan specializes in the research, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1][7]. - Youxun Co., Ltd. focuses on the research, design, and sales of optical communication front-end transceiver chips [1][7]. Group 2: Subscription Process - Subscription Time for Shanghai Stock Exchange: T day 9:30-11:30, 13:00-15:00; Shenzhen Stock Exchange: T day 9:15-11:30, 13:00-15:00; North Exchange: T day 9:15-11:30, 13:00-15:00 [1][8]. - For the Shanghai and Shenzhen markets, investors must hold non-restricted A-share stocks with a market value of at least 1 million CNY to participate in online subscriptions, calculated based on the average daily holding value over the 20 trading days prior to T-2 [1][8]. - The North Exchange has no market value requirement for new stock subscriptions, but full payment is required at the time of subscription [2][8]. - Investors must complete payment by T+2 day (T being the issuance date) before 15:30; otherwise, the subscription will be considered forfeited [2][8].

一、网上申购情况及网上发行初步中签率 根据《沐曦集成电路（上海）股份有限公司首次公开发行股票并在科创板上市发行公告》公布的回拨机 制，由于启动回拨前网上发行初步有效申购倍数约为 4,498.38倍，超过100倍，发行人和保荐人（主承 销商）决定启动回拨机制，对网 下发行、网上发行的规模进行调节，将扣除最终战略配售部分后本次 公开发行股 票数量的10%（向上取整至500股的整数倍，即324.95万股）由网下回拨至网上。 根据《沐曦集成电路（上海）股份有限公司首次公开发行股票并在科创板上市发行公告》公布的回拨机 制，由于启动回拨前网上发行初步有效申购倍数约为 4,498.38倍，超过100倍，发行人和保荐人（主承 销商）决定启动回拨机制，对网 下发行、网上发行的规模进行调节，将扣除最终战略配售部分后本次 公开发行股 票数量的10%（向上取整至500股的整数倍，即324.95万股）由网下回拨至网上。 回拨机制启动后，网下最终发行数量为2,282.9081万股，占扣除最终战略配 售部分后本次发行数量的 70.26%，网上最终发行数量为966.55万股，占扣除最终 战略配售部分后本次发行数量的29.74%。回拨 机制启 ...

一、证券市场回顾 上周有10只新基金发行,分别为:国联金如意双利一年持有债券B、国联金如意双利一年持有债券C、国联金如意双利一年持有债券A、红土创新新兴产业混合 C、万家增强收益债券A、光大保德信阳光现金宝货币、信澳水星聚利中短债债券A、信澳水星聚利中短债债券E、信澳水星聚利中短债债券C、中金聚金利 货币,详情见下表： | 代码 | 基金名称 | | --- | --- | | 025890.OF | 国联金如意双利一年持有债券B | | 025891.OF | 国联金如意双利一年持有债券C | | 025889.OF | 国联金如意双利一年持有债券A | | 026245.OF | 红土创新新兴产业混合C | | 026241.OF | 万家增强收益债券A | | 025515.OF | 光大保德信阳光现金宝货币 | | 025669.OF | 信澳水星聚利中短债债券A | | 025671.OF | 信澳水星聚利中短债债券E | | 025670.OF | 信澳水星聚利中短债债券C | | 025775.OF | 中金聚金利货币 | 南财金融终端数据显示，上周(12月1日-12月5日,下同)，上证综指周内 ...

根据发行安排，本周（12月8日—12月12日），A股市场将有5只新股申购，为科创板的优迅股份、创业 板的纳百川和天溯计量、深市主板的元创股份和沪市主板的锡华科技，其中优迅股份、纳百川将于本周 一开启申购，元创股份将于周二申购，锡华科技、天溯计量将于周五申购。 资料显示，优迅股份是国内光通信电芯片领域的领军企业；纳百川深耕热管理系统领域，是国内最早布 局新能源汽车热管理的企业之一，公司是宁德时代、阳光电源等新能源设备厂商的供应商；元创股份是 国内橡胶履带领域的龙头企业；锡华科技是全球领先的大型高端装备专用部件制造商；天溯计量是一家 全国性、综合型的独立第三方计量检测服务机构。 具体来看，优迅股份发行价为51.66元/股，单一账户申购上限为4500股，顶格申购需持沪市市值4.5万 元。 招股书显示，优迅股份是国内光通信领域的"国家级制造业单项冠军企业"，专注于光通信前端收发电芯 片的研发、设计与销售。光通信电芯片是光通信光电协同系统的"神经中枢"。作为光模组的关键元器 件，光通信电芯片承担着对光通信电信号进行放大、驱动、重定时以及处理复杂数字信号的重要任务， 其性能直接影响整个光通信系统的性能和可靠性。公司产品广 ...

具体来看，优迅股份发行价为51.66元/股，单一账户申购上限为4500股，顶格申购需持沪市市值4.5万 元。 根据发行安排，本周（12月8日—12月12日），A股市场将有5只新股申购，为科创板的优迅股份、创 业板的纳百川和天溯计量、深市主板的元创股份和沪市主板的锡华科技，其中优迅股份、纳百川将于 本周一开启申购，元创股份将于周二申购，锡华科技、天溯计量将于周五申购。 资料显示，优迅股份是国内光通信电芯片领域的领军企业；纳百川深耕热管理系统领域，是国内最早布局 新能源汽车热管理的企业之一，公司是宁德时代、阳光电源等新能源设备厂商的供应商；元创股份是国内 橡胶履带领域的龙头企业；锡华科技是全球领先的大型高端装备专用部件制造商；天溯计量是一家全国 性、综合型的独立第三方计量检测服务机构。 公司深耕热管理系统领域多年。公司的电池液冷板产品于2015年得到实车应用验证，2016年即成功配套 上汽大众国内首款新能源汽车。同年，公司成为了国内多家主机厂国内首款新能源汽车的动力电池热管理 系统的主要供应商，并顺利完成由燃油汽车热管理产品向新能源汽车电池热管理产品的业务转换。随着多 年的潜心研究和踏实探索，公司逐渐成长为具备提 ...

Summary of Upcoming IPOs - Next week, there will be 5 new IPOs available for subscription, including 2 from the main board, 2 from the ChiNext board, and 1 from the Sci-Tech Innovation board [1] Group 1: Company Details and Financials 纳百川 (Nabichuan) - Industry: Leading company in battery thermal management in China - IPO Price: 22.63 CNY per share, PE ratio: 28.70, industry PE ratio: 28.71 [2] - Revenue and Profit: Expected revenues of 1.031 billion CNY in 2022, 1.136 billion CNY in 2023, and 1.437 billion CNY in 2024; net profits of 113 million CNY, 98 million CNY, and 95 million CNY respectively [3] 优迅股份 (Youshun) - Industry: Leading company in optical communication chips in China - IPO Price: 51.66 CNY per share, PE ratio: 60.27, industry PE ratio: 58.09 [2] - Revenue and Profit: Expected revenues of 339 million CNY in 2022, 313 million CNY in 2023, and 411 million CNY in 2024; net profits of 81 million CNY, 72 million CNY, and 78 million CNY respectively [4] 元创股份 (Yuanchuang) - Industry: Leading company in rubber track manufacturing in China - IPO Price: 24.75 CNY per share, PE ratio: 12.93, industry PE ratio: 26.37 [2] - Revenue and Profit: Expected revenues of 1.261 billion CNY in 2022, 1.141 billion CNY in 2023, and 1.349 billion CNY in 2024; net profits of 139 million CNY, 178 million CNY, and 155 million CNY respectively [5] 天溯计量 (Tiansu) - Industry: Leading company in measurement and testing services in China - IPO Price: Not specified, but expected to issue 16.3043 million shares [6] - Revenue and Profit: Expected revenues of 597 million CNY in 2022, 726 million CNY in 2023, and 800 million CNY in 2024; net profits of 84 million CNY, 101 million CNY, and 111 million CNY respectively [6] 锡华科技 (Xihua) - Industry: Leading company in wind power equipment components in China - IPO Price: Not specified, but expected to issue 100 million shares [7] - Revenue and Profit: Expected revenues of 942 million CNY in 2022, 908 million CNY in 2023, and 955 million CNY in 2024; net profits of 183 million CNY, 177 million CNY, and 142 million CNY respectively [7]

Summary of Upcoming IPOs - Next week, there will be 5 new IPOs available for subscription, including 2 from the main board, 2 from the ChiNext board, and 1 from the Sci-Tech Innovation board [1][2]. Group 1: Company Details 纳百川 (Nabichuan) - Issued at 22.63 CNY per share with a P/E ratio of 28.7, close to the industry average of 28.71 [3]. - Plans to issue 27.92 million shares, with a maximum subscription limit of 6,500 shares requiring a market value of 65,000 CNY [3]. - Major supplier of battery thermal management systems for several leading electric vehicle manufacturers, including CATL and NIO [3]. - Revenue projections for 2022-2024 are 1.031 billion CNY, 1.136 billion CNY, and 1.437 billion CNY, with net profits of 113 million CNY, 98 million CNY, and 95 million CNY respectively [3]. 优迅股份 (Youshun) - Issued at 51.66 CNY per share with a P/E ratio of 60.27, compared to the industry average of 58.09 [4]. - Plans to issue 20 million shares, with a maximum subscription limit of 4,500 shares requiring a market value of 45,000 CNY [4]. - A leading supplier in the optical communication chip sector, focusing on R&D and sales of optical transceiver chips [4]. - Revenue projections for 2022-2024 are 339 million CNY, 313 million CNY, and 411 million CNY, with net profits of 81 million CNY, 72 million CNY, and 78 million CNY respectively [4]. 元创股份 (Yuanchuang) - Issued at 24.75 CNY per share with a P/E ratio of 12.93, below the industry average of 26.37 [5]. - Plans to issue 19.6 million shares, with a maximum subscription limit of 19,500 shares requiring a market value of 195,000 CNY [5]. - A key player in the rubber track industry, providing products for agricultural and engineering machinery [5]. - Revenue projections for 2022-2024 are 1.261 billion CNY, 1.141 billion CNY, and 1.349 billion CNY, with net profits of 139 million CNY, 178 million CNY, and 155 million CNY respectively [5]. 天溯计量 (Tiansu) - Plans to issue 16.3043 million shares, with a maximum subscription limit of 4,000 shares requiring a market value of 40,000 CNY [7]. - A leading national measurement and testing service provider, serving various industries including biomedicine and new energy [7]. - Revenue projections for 2022-2024 are 597 million CNY, 726 million CNY, and 800 million CNY, with net profits of 84 million CNY, 101 million CNY, and 111 million CNY respectively [8]. 锡华科技 (Xihua) - Plans to issue 100 million shares, with a maximum subscription limit of 21,000 shares requiring a market value of 210,000 CNY [9]. - A leader in the wind power equipment components sector, specializing in the development and manufacturing of wind turbine gearbox components [9]. - Revenue projections for 2022-2024 are 942 million CNY, 908 million CNY, and 955 million CNY, with net profits of 183 million CNY, 177 million CNY, and 142 million CNY respectively [9].

近期，新股市场表现较为亮眼。12月5日，被称为"国产GPU第一股"的摩尔线程正式登陆科创板，发行价114.28元/股，上市首日上涨425.46%，收盘报 600.5元/股。按收盘价计算，摩尔线程的单签盈利达24.21万元，超越2021年3月上市的极米科技（单签盈利19.81万元），成为科创板"最赚钱新股"。 根据目前安排，下周将有5只新股可申购。拟于下周一（12月8日）申购的优迅股份是国内光通信领域的"国家级制造业单项冠军企业"。截至目前，公司已 在10Gbps及以下速率细分市场成为主力供应商，据ICC数据统计，2024年公司在10Gbps及以下速率产品细分领域的市占率位居国内第一、全球第二。 同日申购的纳百川是国内最早布局新能源汽车热管理的企业之一。在国内新能源汽车动力电池热管理领域细分市场，公司服务蔚来汽车、小鹏汽车、理想 汽车、哪吒汽车、零跑汽车、吉利汽车、长安汽车、广汽集团、长城汽车、上汽荣威、东风日产、奔驰、大众、奇瑞汽车、赛力斯等多家主机厂，近几年 启动开发任务并完成PPAP程序交付的产品项目数量超300余项，完成适配车型超200余款。在储能热管理系统方面，公司已成为宁德时代、中创新航、阳 光电源 ...