Group 1 - The company, Shanghai Yousheng Aluminum Industry Co., Ltd., is set to conduct its initial public offering (IPO) and list on the main board of the Shanghai Stock Exchange [1][15] - The IPO will involve a combination of strategic placement, offline issuance, and online issuance, with the lead underwriter being Guotai Haitong Securities Co., Ltd. [2][15] - The total number of shares to be publicly issued is 48.267111 million, accounting for 25% of the total share capital post-issuance [15][16] Group 2 - The initial strategic placement will consist of 9.653422 million shares, representing 20% of the total issuance, while the offline and online issuance will account for 60% and 40% of the remaining shares, respectively [16] - The pricing for the shares will be determined through preliminary inquiries from qualified investors, without cumulative bidding [17] - The shares issued through online placement will have no restrictions on circulation, while 10% of the shares from offline issuance will be subject to a six-month lock-up period [18] Group 3 - Offline investors must complete registration and submit relevant materials by September 8, 2025, to participate in the pricing inquiry [3][7] - Investors are required to provide a pricing basis and suggested price range during the inquiry period, which runs from September 4 to September 9, 2025 [5][6] - The maximum number of shares that each offline investor can apply for is capped at 11 million shares, which is 47.48% of the initial offline issuance [9]

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21,670,000 shares of RMB ordinary shares (A-shares) and will be listed on the Growth Enterprise Market [1][2] Group 1 - The IPO application has been approved by the Shenzhen Stock Exchange Listing Review Committee and registered by the China Securities Regulatory Commission [1] - The lead underwriter for this issuance is Zheshang Securities Co., Ltd. [3] - Investors are required to ensure sufficient funds in their accounts by September 3, 2025, to fulfill their subscription obligations [1] Group 2 - The shares issued online will have no circulation restrictions and can be traded immediately upon listing [2] - Investors who fail to pay for shares after winning a subscription three times within twelve months will be prohibited from participating in online subscriptions for six months [2] - The announcement serves as a notification to investors who participated in the online subscription and won shares [2]

Core Viewpoint - 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 the underwriting led by Zheshang Securities Co., Ltd. [1] Summary by Sections Issuance Details - The total number of shares for this issuance is set at 21.67 million, with a price of RMB 27.69 per share [2] - The issuance will involve a combination of strategic placement, offline pricing for qualified investors, and online issuance for public investors holding non-restricted A-shares [1][2] Strategic Placement - The initial strategic placement is 4.33 million shares, accounting for 20% of the total issuance [3] - The final strategic placement consists of 4.26 million shares, which is 19.67% of the total issuance, with a portion allocated to senior management and core employees [3] Issuance Process - The online issuance of 520,050 shares will occur on September 1, 2025, with payment obligations due by September 3, 2025 [4] - Investors must ensure that their funds are available by the specified date to avoid invalidation of their share allocation [5] Lock-up Periods - Online issued shares have no restrictions and can be traded immediately upon listing, while 10% of the offline issued shares will have a six-month lock-up period [6] - Shares allocated through strategic placement will have a 12-month lock-up period [6] Subscription Statistics - The online issuance received 12,841,532 valid applications, totaling 57,073,257,500 shares, with a total of 114,146,515 allocation numbers [9] - The initial effective subscription multiple for online investors was 10,974.57, leading to a decision to implement a reallocation mechanism [10] Reallocation Mechanism - Following the reallocation, the final offline issuance will be 8.73 million shares (50.13% of the adjusted total), while the online issuance will be 8.68 million shares (49.87% of the adjusted total) [10] - The final online issuance success rate is 0.0152% with an effective subscription multiple of 6,573.37 [10] Lottery and Results Announcement - A lottery for share allocation will take place on September 2, 2025, with results announced on September 3, 2025 [11]

Group 1 - The company, Jiangxi Aifenda HVAC Technology Co., Ltd., is engaged in the research, design, production, and sales of HVAC home products and components, including towel racks and control valves [2] - The company plans to raise approximately 66.468 million yuan for projects including the upgrade of automated production lines for towel racks and to supplement working capital [2] - The initial public offering (IPO) price is set at 27.69 yuan per share, with a total of 21.67 million shares to be issued, aiming to raise around 60 million yuan [3] Group 2 - The company is controlled by Runfeng Electronics, which holds 24 million shares, accounting for 36.92% of the total share capital, while the actual controller, Wu Jianbin, holds an additional 7.08% directly [2] - The expected net proceeds from the IPO, after deducting issuance costs of approximately 5.45 million yuan, are estimated to be around 54.55 million yuan [3]

Core Points - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its initial public offering (IPO) and listing on the main board of the Shanghai Stock Exchange [1] - The company plans to issue 43.7375 million shares at a price of 18.60 RMB per share, which represents 8.85% of the total shares post-issuance [1] - The total amount of funds raised is expected to be 813.5175 million RMB, with issuance costs amounting to 86.3279 million RMB [2] Company Information - The company is issuing ordinary shares (A shares) with a par value of 1.00 RMB per share [1] - The earnings per share before the issuance is 1.14 RMB, calculated based on the lower of the audited net profit attributable to shareholders of the parent company for the year 2024, excluding non-recurring gains and losses [1] - The price-to-earnings (P/E) ratio for the issuance is calculated based on the net profit attributable to shareholders of the parent company divided by the total shares post-issuance [1] Issuance Details - The issuance will be conducted through a combination of strategic placements to qualified investors, offline inquiries to eligible investors, and online pricing for public investors holding non-restricted A shares [1] - The underwriting method is a balance underwriting approach [1] - The net asset value per share before the issuance is calculated based on total equity divided by total shares before the issuance [1]

Core Viewpoint - Jiangxi Aifenda Heating Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21.67 million shares on the ChiNext board, with the issuance price set at 27.69 yuan per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 20.35 times for 2024 [1][2][12]. Summary by Sections Company Overview - Aifenda is recognized as a provincial-level enterprise technology center and has a strong research and design capability, holding 662 domestic patents, including 87 invention patents [12]. - The company has a production capacity of over 200,000 sets of bathroom towel racks annually and is a major supplier in the European heating market [13]. Financial Metrics - The issuance price of 27.69 yuan per share results in a diluted P/E ratio of 20.35, which is lower than the industry average of 31.41 times and the comparable companies' average of 21.05 times for 2024 [2][11]. - The total expected fundraising amount is approximately 600.04 million yuan, which is below the stated fundraising requirement of 664.68 million yuan [18]. Market Position and Competitive Advantages - Aifenda has established long-term cooperative relationships with major European companies, enhancing its market competitiveness and ensuring a stable demand for its products [15][16]. - The company is strategically positioned to capitalize on the domestic market's growth potential, leveraging online sales platforms and partnerships with real estate companies [17]. Issuance Details - The IPO will involve a combination of strategic placements, offline inquiries, and online offerings, with the strategic placement accounting for 19.67% of the total issuance [4][7]. - The final strategic placement includes 209,461.8 shares allocated to the employee asset management plan, representing 9.67% of the total issuance [7]. Regulatory Compliance - The issuance adheres to the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring compliance with the relevant guidelines [3][19].

Core Viewpoint - 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 the underwriting led by Zheshang Securities Co., Ltd. [1][6] Group 1: IPO Details - The IPO will consist of 21.67 million shares, representing 25% of the company's total share capital post-issuance, which will total 86.67 million shares [1] - The initial strategic placement will involve 4.33 million shares, accounting for 20% of the total issuance, with 2.17 million shares allocated to senior management and core employees [2] - The offline initial issuance will be 12.14 million shares, making up 70% of the remaining shares after strategic placement, while the online issuance will be 5.20 million shares, representing 30% [3] Group 2: Issuance Mechanism - The issuance will utilize a combination of strategic placement, offline pricing inquiries, and online pricing for public investors holding non-restricted A-shares [1][2] - The final allocation of shares between offline and online issuance will be determined based on the results of the strategic placement and will be announced on September 3, 2025 [3] Group 3: Investor Engagement - The company and the lead underwriter will hold an online roadshow to provide investors with insights into the company's fundamentals and the IPO process [3] - The online roadshow is scheduled for August 29, 2025, from 14:00 to 17:00 [3]

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].