【 导读 】 下周5只新股可申购，优迅股份 专注 光通信前端收发电芯片 中国基金报记者 闻言 A股打新投资者注意啦！ 根据目前发行安排，下周（12月8日至12日）有5只新股可申购。 12月8日可申购上交所科创板新股 优迅股份 、深交所创业板新股 纳百川 ，12月9日可申购深交所主板新股 元创股份 ，12月12日可申购 上交所主板新股 锡华科技 、深交所创业板新股 天溯计量 。 优迅股份专注光通信前端收发电芯片 优迅股份 的申购代码是787807，发行价为51.66元/股，发行市盈率为60.27倍，参考行业市盈率为58.09倍。 优迅股份 此次总发行数量为2000万股，包含网上发行 数量 480万股。 投资者参与网上申购 优迅股份 ，申购数量上限为0.45万股，顶格 申购需配沪市市值4.50万元。 优迅股份专注于光通信前端收发电芯片的研发、设计与销售，产品应用于光模组（包括光收发组件、光模块和光终端）中，应用场景涵盖 接入网、4G/5G/5G-A 无线网络、数据中心、城域网和骨干网等领域。 目前，中国是全球最大的光器件、光模块生产基地，但光通信电芯片作为光通信光电协同系统的"神经中枢"，发展相对不平衡，成为中国 ...

- The report discusses the IPO performance in November 2025, highlighting that 11 new stocks were listed across the Shanghai, Shenzhen, and Beijing stock exchanges, raising a total of 101.88 billion yuan [2][8] - The average first-day increase for the six new stocks listed on the Shanghai and Shenzhen markets was 209%, with notable variations among individual stocks [2][11] - The report provides a detailed breakdown of the IPO performance by market segment, including the main board, STAR Market, and ChiNext, with specific examples such as Daming Electronics and Hengkun New Materials [11][14] - The report also includes a comprehensive analysis of the monthly IPO subscription returns, with A/B class accounts earning 73.17/71.87 million yuan respectively in November 2025 [14][16] - The report suggests that the "inclusion" strategy remains optimal, recommending active participation in low-priced, small-cap new stocks with high first-day increase potential, as well as large-cap stocks with significant offline allocation [15][17]

Group 1: New IPOs - Three new stocks are available for subscription next week, including Beikang Testing, Hengkun New Materials, and Nanfang Digital [1] - Nanfang Digital ranks third in the number of shares issued among new stocks in the Shanghai and Shenzhen markets since 2025, and first among new stocks on the Shenzhen Stock Exchange's Growth Enterprise Market [1] Group 2: Beikang Testing - Beikang Testing is a national-level specialized and innovative "little giant" enterprise, with an issue price of 6.70 yuan per share and an issuance PE ratio of 14.9 times, compared to the industry average of 38.77 times [2] - The total number of shares issued by Beikang Testing is 28.32 million, with 25.49 million available for online subscription [2] - The global inspection and testing market has grown from 107.7 billion euros in 2012 to 278.5 billion euros in 2023, with a compound annual growth rate (CAGR) of 9.02%, while the Chinese market is expected to grow from 206.51 billion yuan in 2016 to 487.60 billion yuan in 2024, with a CAGR of approximately 11.34% [2] Group 3: Financial Performance of Beikang Testing - Beikang Testing's revenue for 2022 to 2025 (first half) is projected to be 91.74 million yuan, 110 million yuan, 148 million yuan, and 85.94 million yuan, respectively, with net profits of 33.15 million yuan, 41.66 million yuan, 50.63 million yuan, and 36.43 million yuan [5] - For the first three quarters of 2025, Beikang Testing expects revenue of 134 million to 139 million yuan, a year-on-year increase of 26.87% to 31.61%, and net profit of 57.4 million to 63.4 million yuan, a year-on-year increase of 34.78% to 48.87% [6] Group 4: Hengkun New Materials - Hengkun New Materials is a supplier for 12-inch integrated circuit wafer factories, with an undisclosed issue price and PE ratio, but a reference industry PE ratio of 60.46 times [7] - The total number of shares issued by Hengkun New Materials is 67.4 million, with 10.78 million available for online subscription [7] - The company’s revenue for 2022 to 2025 (first half) is projected to be 322 million yuan, 368 million yuan, 548 million yuan, and 294 million yuan, with net profits of 91.04 million yuan, 81.53 million yuan, 94.30 million yuan, and 30.74 million yuan [8] Group 5: Financial Performance of Hengkun New Materials - For the first three quarters of 2025, Hengkun New Materials expects revenue of 440 million to 500 million yuan, with a year-on-year change of 12.48% to 27.82%, and net profit of 49 million to 55 million yuan, with a year-on-year change of -26.70% to -17.73% [9] Group 6: Nanfang Digital - Nanfang Digital is a key player in the digital grid construction of the Southern Power Grid, with a total issuance of 477 million shares and an undisclosed issue price and PE ratio, but a reference industry PE ratio of 71.09 times [11] - The company aims to build a world-class digital and intelligent innovation platform for the power grid, with clients including Southern Power Grid and Inner Mongolia Power Group [11] - The digital energy market in China is expected to grow from 315 billion yuan in 2024 to 370 billion yuan in 2025, with a CAGR of 10.86% from 2020 to 2025 [11] Group 7: Financial Performance of Nanfang Digital - Nanfang Digital's revenue for 2022 to 2025 (first half) is projected to be 5.686 billion yuan, 4.234 billion yuan, 6.090 billion yuan, and 1.558 billion yuan, with net profits of 509 million yuan, 368 million yuan, 562 million yuan, and 6.97 million yuan [12] - For the full year of 2025, Nanfang Digital expects revenue of 6.4 billion to 6.7 billion yuan, a year-on-year increase of 5.10% to 10.02%, and net profit of 562 million to 590 million yuan, a year-on-year increase of 0.07% to 5.06% [13]

Group 1: New IPOs - This week (November 3 to 7), there are three new stocks available for subscription: one on the Sci-Tech Innovation Board, one on the ChiNext, and one on the Beijing Stock Exchange [1][2] - The Beijing Stock Exchange new stock, Beikong Detection, has an issue price of 6.7 yuan and a price-to-earnings ratio of 14.99, compared to the industry average dynamic P/E ratio of 38.04 over the past month [2] - The Sci-Tech Innovation Board new stock, Hengkang New Materials, focuses on the research and industrial application of key materials in the integrated circuit field, aiming to raise 1.007 billion yuan for projects related to integrated circuit precursors and advanced materials [2] Group 2: Company Profiles - Hengkang New Materials is one of the few domestic companies capable of R&D and mass production of key materials for 12-inch integrated circuit wafers, enhancing its product structure and promoting domestic innovation [2] - Nanjing Digital, launching its IPO on November 7, provides comprehensive digital construction solutions for the power energy sector and is expanding its services to other industries such as transportation and urban construction, with a fundraising target of 2.554 billion yuan [2] - Zhi Xin Co., which is set to go public on the Shanghai Main Board, specializes in automotive welding parts and has established itself as a primary supplier for major automotive manufacturers, aiming to raise 1.329 billion yuan [5][6] - Shaanxi Tourism, also seeking to go public on the Shanghai Main Board, integrates tourism performances, cable cars, and dining services, leveraging local attractions to enhance visitor experiences, with a fundraising goal of 1.555 billion yuan [6]

Market Overview - The Shanghai Composite Index decreased by 0.18% last week, closing at 3990.49 points, with a high of 4034.08 points [1] - The Shenzhen Component Index fell by 1.4%, ending at 13216.03 points, with a peak of 13502.16 points [1] - The ChiNext Index dropped by 3.01%, closing at 3111.51 points, with a maximum of 3236.61 points [1] - In global markets, the Nasdaq Composite Index declined by 0.45%, while the Dow Jones Industrial Average rose by 0.34% and the S&P 500 increased by 0.08% [1] - In the Asia-Pacific region, the Hang Seng Index increased by 1.26% and the Nikkei 225 rose by 0.2% [1] New Stock Issuance - Two new stocks were issued last week: Hai'an Group (001233.SZ) on November 14, 2025, and Nante Technology (920124.BJ) on November 11, 2025 [2] Margin Trading - The total margin trading balance in the Shanghai and Shenzhen markets was 24848.66 billion yuan, with a financing balance of 24668.62 billion yuan and a securities lending balance of 180.04 billion yuan [3] - The margin trading balance decreased by 8.73 billion yuan compared to the previous week [3] - The Shanghai market's margin trading balance was 12654.61 billion yuan, down by 37.1 billion yuan, while the Shenzhen market's balance was 12194.06 billion yuan, up by 28.38 billion yuan [3] - A total of 3463 stocks had margin buying, with 182 stocks having buying amounts exceeding 1 billion yuan, led by Sunshine Power, Zhongji Xuchuang, and Xinyi Sheng with buying amounts of 124.22 billion yuan, 118.0 billion yuan, and 93.21 billion yuan respectively [3][4] Fund Issuance - Eight new funds were issued last week, including Vanguard Cash Treasure B, Penghua Zhongdai 1-3 Year National Development Bank Bond Index I, and others [5] Company Buybacks - Ten companies announced share buybacks last week, with the highest amounts executed by Rejing Bio (688068) at approximately 30.01 million yuan, Wanma Co. (002276) at about 15.77 million yuan, and Shenzhen Ruijie (300977) at around 9.81 million yuan [6][7]

Group 1: Company Overview - Jingchuang Electric is a provider of integrated cold chain IoT solutions, covering the entire cold chain process including control, monitoring, energy saving, networking, and maintenance [1][2] - China Uranium Industry is a leading player in the domestic natural uranium development sector and is recognized as a key supplier for the country's uranium needs [1][3] Group 2: Financial Performance - Jingchuang Electric's projected revenues for 2022, 2023, and 2024 are 396 million yuan, 435 million yuan, and 499 million yuan, respectively, with net profits of 49 million yuan, 55 million yuan, and 59 million yuan [2] - China Uranium Industry's expected revenues for the same period are 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan, with net profits of 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan [5] Group 3: Investment Plans - Jingchuang Electric plans to use the raised funds for upgrading its core production lines and developing a smart instrument research center and cold cloud platform [3] - China Uranium Industry will invest in various uranium mining projects, including in-situ leaching projects in Inner Mongolia and Xinjiang, as well as upgrading existing mining operations [5][6] Group 4: Market Position and Strategy - Jingchuang Electric has established a global presence with subsidiaries in multiple countries, including the US, UK, Brazil, and Thailand, indicating a strong international market strategy [2] - China Uranium Industry is actively involved in overseas uranium resource development, particularly in Africa and Asia, and has achieved significant production milestones, such as ranking sixth globally in uranium production from its Rossing mine in Namibia [4]

Core Viewpoint - This week, two new stocks are available for subscription in the A-share market: Jingchuang Electric and China Uranium Industry, with subscriptions starting on Tuesday and Friday respectively [1]. Group 1: Jingchuang Electric - Jingchuang Electric is a provider of integrated cold chain IoT solutions, covering the entire cold chain process including control, monitoring, energy saving, networking, and maintenance [1]. - The offering price for Jingchuang Electric is set at 12.1 yuan per share, with a single account subscription limit of 650,700 shares [2]. - The company reported revenues of 396 million yuan, 435 million yuan, and 499 million yuan for the years 2022 to 2024, with net profits of 49 million yuan, 55 million yuan, and 59 million yuan respectively [2]. Group 2: China Uranium Industry - China Uranium Industry focuses on the comprehensive utilization of natural uranium and radioactive associated mineral resources, being a key player in China's nuclear industry [3]. - The company has a subscription limit of 52,000 shares per account, requiring a market value of 520,000 yuan for maximum subscription [3]. - The total number of shares for public offering is 248 million, indicating a potentially high subscription rate due to its large issuance volume [3]. - The company achieved revenues of 10.535 billion yuan, 14.801 billion yuan, and 17.279 billion yuan for the years 2022 to 2024, with net profits of 1.334 billion yuan, 1.262 billion yuan, and 1.458 billion yuan respectively [4]. Group 3: Investment Projects - The funds raised by China Uranium Industry will be invested in various projects, including in-situ leaching uranium extraction projects and comprehensive utilization projects for associated uranium resources [5].

Group 1: New Stock Offerings - Two new stocks are available for subscription next week: Jingchuang Electric on November 18 and China Uranium on November 21 [1] - China Uranium will become the first uranium stock in A-shares, with a large number of shares issued, potentially leading to a higher winning rate for investors [1] Group 2: Jingchuang Electric - Jingchuang Electric's subscription code is 920035, with an issue price of 12.10 yuan per share and a price-to-earnings ratio of 13.47, compared to the industry average of 41.07 [3] - The total number of shares issued is 14.46 million, with 13.01 million available for online subscription, and the maximum subscription limit for investors is 650,700 shares [3] - The company specializes in smart controllers for cold chain equipment, monitoring instruments for pharmaceuticals and food, and has been recognized as a national-level "little giant" enterprise [3] - Jingchuang Electric has entered the supply chain of major refrigeration companies like Panasonic, Haier, and Hisense, and collaborates with over 50 international brands [3] - Revenue projections for Jingchuang Electric from 2022 to 2025 show growth from 396 million yuan to 499 million yuan, with net profits increasing from 48.74 million yuan to 58.91 million yuan [3][4] Group 3: China Uranium - China Uranium's subscription code is 001280, with the issue price and earnings ratio yet to be disclosed, but the industry average is 27.73 [6] - The company plans to issue 248.18 million shares, with 52.12 million available for online subscription, and the maximum subscription limit is 52,000 shares [6] - As a key subsidiary of China National Nuclear Corporation, China Uranium is involved in the comprehensive utilization of natural uranium and radioactive co-associated mineral resources [7] - The company holds 19 mining rights and 6 exploration rights, focusing on uranium-rich regions in Xinjiang and Inner Mongolia, and is the only central enterprise in China with natural uranium mining qualifications [7] - Revenue projections for China Uranium from 2022 to 2025 indicate growth from 10.535 billion yuan to 19.5-20 billion yuan, with net profits expected to rise from 1.334 billion yuan to 1.6-1.65 billion yuan [10]

根据目前发行安排，下周将有2只新股可申购，分别为冷链智能控制"隐形冠军"和A股"铀业第一股"。 拟于下周二（11月18日）申购的精创电气深耕冷链智能装备布局全球市场，公司拥有专业化的冷链物联网产业基地，在中国深圳、南京、上海、徐州，以 及美国、英国、巴西、泰国均设有分子公司，业务遍及全球多个国家和地区。 拟于下周五（11月21日）申购的中国铀业是我国天然铀保障供应的国家队、主力军，也是A股"铀业第一股"。公司是中核集团的重要子企业之一，专业从 事天然铀和放射性共伴生矿产资源综合利用业务。公司掌握丰富的境内外天然铀资源，生产规模行业领先，是全球主要天然铀供应商之一，常年位列全球 前十大天然铀生产商。 中国铀业本次发行股票数量为2.48亿股，网上申购上限为5.2万股，顶格申购需配52万元深市市值。其发行股票数量在今年以来发行新股中排名第六，在深 市主板新股中排名第一，预计将有较高中签率。 展望：下周新股基本面一览 据目前安排，若无变化，下周（11月17日至21日）有2只新股可申购，分别为深市主板1只和北交所1只。 | 股票代码 | 股票简称 网上申购日 申购代码 | | | 发行价 | 首发市盈率 申购上限 | ...

中国基金报记者 闻言 A股打新投资者注意啦！ 根据目前发行安排，下周有2只新股可申购。 具体来看，11月18日可申购北交所新股精创电气，11月21日可申购深交所主板新股中国铀业。 数据显示，在2025年以来发行的A股新股中，中国铀业的发行总数、网上发行数量分别排名第六和第十一。即投资者若参与申购 中国铀业，中签概率较高。 | 证券简称 | 发行总数(亿股) | 网上发行(亿股) | | --- | --- | --- | | 华电新能 | 49. 69 | 21. 95 | | 西安奕材 | 5. 38 | 0. 81 | | 南网数字 | 4. 77 | 0. 98 | | 屹唐股份 | 2. 96 | 0. 63 | | 联合动力 | 2. 89 | 0. 81 | | 中国轴业 | 2. 48 | 0. 52 | | | 图为:2025年以来,A股发行总数排名前六的新股 | | | 来源:东财Choice | | | 精创电气是国家级专精特新"小巨人"企业 精创电气的申购代码是920035，发行价为12.10元/股，发行市盈率为13.47倍，参考行业市盈率为41.07倍。 精创电气此次发行总数为1446 ...