Core Viewpoint - The article discusses the upcoming IPOs in the A-share market, highlighting five new stocks available for subscription this week, including companies in various high-tech and specialized sectors. Group 1: Upcoming IPOs - Five new stocks are set for subscription in the A-share market from December 15 to December 19, including companies like Jianxin Superconducting, Qiangyi Co., Yufan Technology, Shuangxin Environmental Protection, and Jiangtian Technology [1] - Jianxin Superconducting, a leading supplier of MRI core components, will open subscriptions on Monday, while Jiangtian Technology will do so on Tuesday [1] - Shuangxin Environmental Protection has an issuance quantity of 28.7 million shares, with a subscription limit of 60,000 shares, indicating a potentially high winning rate for investors [1] Group 2: Company Profiles - Jianxin Superconducting focuses on the R&D, production, and sales of MRI core components, with a significant cost contribution of around 50% to MRI devices [1][3] - The company has developed a comprehensive product matrix in the superconducting field, becoming the top independent supplier of superconducting magnets globally [2] - Jianxin Superconducting's revenue projections for 2022-2024 are 359 million, 451 million, and 425 million yuan, with net profits of 34.63 million, 48.73 million, and 55.78 million yuan respectively [3] Group 3: Jiangtian Technology - Jiangtian Technology's IPO price is set at 21.21 yuan per share, with a subscription limit of 594,600 shares [4] - The company specializes in label printing products and has established long-term partnerships with major global brands [4][5] - Revenue forecasts for Jiangtian Technology from 2022 to 2024 are 384 million, 508 million, and 538 million yuan, with net profits of 74 million, 96 million, and 102 million yuan respectively [5] Group 4: Qiangyi Co. - Qiangyi Co. focuses on semiconductor probe cards, with a subscription limit of 7,500 shares [6] - The company ranks among the top ten global semiconductor probe card manufacturers, breaking the monopoly of foreign firms in this sector [6] - Revenue projections for Qiangyi Co. for 2022-2024 are 254 million, 354 million, and 641 million yuan, with net profits of 16 million, 19 million, and 233 million yuan respectively [7] Group 5: Yufan Technology - Yufan Technology specializes in smart diagnostics and maintenance of drainage systems, with a subscription limit of 8,500 shares [8] - The company has established a strong brand presence in the drainage maintenance market and is involved in numerous significant projects across various regions [8] - Revenue forecasts for Yufan Technology from 2022 to 2024 are 513 million, 630 million, and 730 million yuan, with net profits of 81 million, 100 million, and 127 million yuan respectively [9] Group 6: Shuangxin Environmental Protection - Shuangxin Environmental Protection has a subscription limit of 60,000 shares and focuses on the PVA industry chain [9] - The company is the third-largest PVA producer in China, with a projected production of 116,900 tons in 2024, accounting for approximately 13% of the national total [9] - Revenue projections for Shuangxin Environmental Protection for 2022-2024 are 5.061 billion, 3.783 billion, and 3.486 billion yuan, with net profits of 808 million, 559 million, and 521 million yuan respectively [9]

Group 1 - The new stock and recent IPO market is experiencing high trading activity, with the recent listing of Bai'ao Saitou on the Sci-Tech Innovation Board seeing a first-day increase of 146.63%, yielding nearly 20,000 yuan per subscription [1][16] - This week, there are five new stocks available for subscription, including two from the Sci-Tech Innovation Board, two from the Shenzhen Main Board, and one from the Beijing Stock Exchange [3][18] - The first stock available for subscription is Jianxin Superconducting, which is the world's largest independent supplier of medical MRI superconducting magnets, with a market share of 4.2% in 2024, ranking fifth globally and second domestically [1][16] Group 2 - Jiangtian Technology, the second stock for subscription, specializes in label printing products and has established long-term partnerships with numerous well-known global brands, including Unilever and Procter & Gamble [1][16] - Jiangtian Technology expects to achieve a net profit of 106 million to 115 million yuan in 2025, representing a year-on-year growth of 4.11% to 12.95% [7][23] - The third stock, Yufan Technology, focuses on smart diagnostics and health assessments for drainage systems, with a strong brand presence in the market [6][24] Group 3 - Strong One Co., Ltd. is a high-tech enterprise focusing on the research, design, production, and sales of probe cards for semiconductor testing, ranking ninth and sixth globally in 2023 and 2024, respectively [12][26] - Strong One expects a net profit of 355 million to 420 million yuan in 2025, with a growth rate of 52.30% to 80.18% [12][27] - The final stock, Shuangxin Environmental Protection, operates in the polyvinyl alcohol (PVA) industry chain and is ranked among the top three in the industry, with an annual production capacity of 130,000 tons [2][29]

蓝帆医疗：公司子公司拟4亿元收购实控人持有淄博宏达热电80%股权 公司的控股子公司山东蓝帆健康科技有限公司（以下简称"山东健康科技"）拟以自有资金4亿元收购李振平先生、上海朗晖企业发展有限公 司（以下简称"上海朗晖"）持有的淄博宏达热电有限公司（以下简称"宏达热电"或"目标公司"）80%股权 维尔利：公司就工业环境机器人解决方案与Primech Holdings签署战略合作框架协议 欧派家居：控股股东之一致行动人拟增持5000万元-1亿元股份 中环环保：拟变更公司证券简称为"中赋科技" 英搏转债：强赎 博俊转债：不强赎 健信超导：沪深新股【申购】 | | | 近期转债重要公告 | | | | --- | --- | --- | --- | --- | | 转债代码 | 转债名称 | 类型 | 日期 | 公告 | | 123249 | 英搏转债 | 强陵 | 2025-12-13 | 公告 | | 127069 | 小熊转债 | 不下修 | 2025-12-13 | 公告 | | 128119 | 龙大转债 | 不下修 | 2025-12-13 | 公告 | | 127062 | 垒知转债 | 不下修 | 20 ...

Group 1 - The new stock and newly listed stock market is experiencing active trading, with Bai'ao Saitou's debut on the Sci-Tech Innovation Board resulting in a 146.63% increase on its first day, yielding nearly 20,000 yuan per subscription [1] - Next week, five new stocks are scheduled for subscription, including two on the Sci-Tech Innovation Board, two on the Shenzhen Main Board, and one on the Beijing Stock Exchange [3] - The first stock available for subscription on December 15 is Jianxin Superconducting, the world's largest independent supplier of MRI superconducting magnets, with a projected market share of 4.2% in 2024, ranking fifth globally and second domestically [1][3] Group 2 - Jianxin Superconducting's main products include superconducting magnets, which account for approximately 50% of the cost of MRI equipment, and the company aims to make MRI accessible for everyday diagnosis [5] - The company expects a net profit of 72 million to 77 million yuan for the year 2025, representing a year-on-year growth of 29.07% to 38.03% [6] - Jiangtian Technology, scheduled for subscription on December 16, specializes in label printing products and expects a net profit of 106 million to 115 million yuan for 2025, with a growth rate of 4.11% to 12.95% [7][9] Group 3 - Strong One Co., Ltd., focusing on semiconductor design and manufacturing, anticipates a net profit of 355 million to 420 million yuan for 2025, reflecting a growth of 52.30% to 80.18% [12][13] - Shuangxin Environmental Protection, engaged in the full industrial chain of polyvinyl alcohol, expects a net profit of 525 million yuan for 2025, a slight increase of 0.74% compared to the previous year [14][16]

Summary of Key Points Core Viewpoint - The article highlights the upcoming IPOs of five new stocks in the A-share market, emphasizing the high probability of winning shares in the dual-environmental protection company, Shuangxin Environmental Protection, which ranks first among new stocks on the Shenzhen Stock Exchange in terms of total shares issued this year [2]. Group 1: Upcoming IPOs - Five new stocks are available for subscription next week, including Jianxin Superconducting, Jiangtian Technology, Qiangyi Co., Yufan Technology, and Shuangxin Environmental Protection [2]. - Jianxin Superconducting is a leading supplier of core components for MRI equipment, with a total issuance of 41.92 million shares and an issue price of 18.58 yuan per share [4][6]. - Jiangtian Technology focuses on label printing products, with a total issuance of 13.21 million shares and an issue price of 21.21 yuan per share [11][12]. Group 2: Financial Performance and Projections - Jianxin Superconducting's revenue for 2022 to 2024 is projected to be 3.59 billion yuan, 4.51 billion yuan, and 4.25 billion yuan, with a net profit of 346.35 million yuan, 487.35 million yuan, and 557.84 million yuan respectively [6]. - Jiangtian Technology's revenue for the same period is expected to be 3.84 billion yuan, 5.07 billion yuan, and 5.38 billion yuan, with net profits of 744.54 million yuan, 964.61 million yuan, and 1.02 billion yuan [12]. - Shuangxin Environmental Protection's revenue for 2022 to 2024 is reported as 5.06 billion yuan, 3.78 billion yuan, and 3.49 billion yuan, with net profits of 808 million yuan, 559 million yuan, and 521 million yuan [30]. Group 3: Market Position and Growth Potential - Jianxin Superconducting holds a global market share of approximately 4.2% in superconducting magnets, ranking second in China [4]. - Jiangtian Technology's largest customer is Yangshengtang/Nongfu Spring, with sales to this customer accounting for 29.40% to 42.02% of its revenue over the past few years [12]. - Shuangxin Environmental Protection is recognized as the third-largest producer of polyvinyl alcohol in China, with a production capacity of 116,900 tons in 2024 [29].

Group 1: Tian Su Measurement (天溯计量) - Tian Su Measurement, established in 2009, is a national independent third-party measurement and testing service provider, specializing in calibration, testing, and certification services across various fields including biomedicine, automotive, and energy [1][4] - The company has developed 84 battery testing capabilities since 2018, serving major clients in the new energy battery sector, including companies like CATL and GAC Group [4] - The company has achieved several accolades, including being recognized as a national high-tech enterprise and a champion enterprise in Guangdong's manufacturing sector [4] Group 2: Financial Metrics and Market Position - Tian Su Measurement's IPO price is set at 18.00 yuan per share, with an expected market capitalization of 37.08 billion yuan [2] - The company's gross profit margin is projected to decline from 52.67% in 2022 to 51.56% in the first half of 2025, indicating potential pricing pressures in the market [4] - The average price for calibration services has decreased from 142.01 yuan in 2022 to 119.43 yuan in the first half of 2025, reflecting competitive pricing pressures [5] Group 3: Fundraising and Investment Plans - Tian Su Measurement plans to raise funds for several projects, including 1.28 billion yuan for enhancing measurement capabilities and 1.75 billion yuan for building regional testing laboratories [3] - The company also aims to invest 0.32 billion yuan in a digital center and 0.90 billion yuan to supplement working capital [3] Group 4: Xi Hua Technology (锡华科技) - Xi Hua Technology specializes in the research, manufacturing, and sales of high-end equipment components, particularly for wind power gearboxes, and is a leading provider in the global market [6][10] - The IPO price for Xi Hua Technology is set at 10.10 yuan per share, with a market capitalization of 36.36 billion yuan [6] - The company has a high customer concentration risk, with revenue from the top five clients accounting for over 90% of its main business income [10][11] Group 5: Financial Performance and Risks - Xi Hua Technology's revenue from its primary client, the leading wind power gearbox manufacturer, has shown a significant concentration, with 48.91% of revenue coming from this client in 2022 [11] - The company is expected to improve its customer concentration situation by 2025 as it expands capacity and seeks new clients [11] - The financial performance of Xi Hua Technology is highly dependent on the performance of its major clients, which poses a risk if there are significant changes in client relationships or market share [11]

| 交易数据 | | | --- | --- | | 总市值（百万元） | | | 流通市值（百万元） | | | 总股本（百万股） | 58.80 | | 流通股本（百万股） | | | 12 个月价格区间 | / | | 分析师 | 李蕙 | | SAC 执业证书编号：S0910519100001 | | | 报告联系人 | lihui1@huajinsc.cn 戴筝筝 | | daizhengzheng@huajinsc.cn | | 2025 年 12 月 09 日 公司研究●证券研究报告 元创股份（001325.SZ） 新股覆盖研究 投资要点 12 月 9 日有一只主板新股"元创股份"申购，发行价格为 24.75 元/股、发行市盈 率为 12.93 倍（每股收益按照 2024 年度公司经审计的扣除非经常性损益前后孰低 的归属于母公司股东的净利润除以发行后总股本计算）。 元创股份（001325）：公司专业从事研发、生产、销售橡胶履带类产品，具体包 括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板等。公司 2022-2024 年分 别 实 现 营 业 收 入 12.61 亿 元 /11.41 亿 元 / ...

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].