Group 1 - The core point of the article is the successful approval and registration of Suzhou Fengbei Biotechnology Co., Ltd.'s initial public offering (IPO) of A-shares on the Shanghai Stock Exchange, with the underwriting by Guotai Junan Securities Co., Ltd. [1] - The total number of shares for this issuance is set at 35.9 million, with an initial strategic placement of 7.18 million shares, accounting for 20% of the total issuance [2] - The final strategic placement was adjusted to 4.083297 million shares, which is 11.37% of the total issuance, with the difference being allocated to offline issuance [2] Group 2 - The issuance price is set at 24.49 yuan per share, with the online offering of 11.488 million shares scheduled for October 27, 2025 [2] - The initial effective subscription multiple for the online offering was 8,814.92 times, leading to the activation of a mechanism to adjust the allocation between offline and online offerings [3] - After the adjustment, the final allocation resulted in 760,170.3 thousand shares for offline issuance and 2,421,500 shares for online issuance, with the online issuance accounting for 76.11% of the adjusted total [3] Group 3 - Investors are required to fulfill their payment obligations by October 29, 2025, with specific instructions for both offline and online investors regarding the payment process [4] - If the total number of shares subscribed by offline and online investors does not meet 70% of the adjusted total issuance, the offering will be suspended [5] - There are restrictions on the resale of 10% of the shares allocated to offline investors for a period of six months from the date of listing [5] Group 4 - The strategic placement process has concluded successfully, with all participating investors fulfilling their payment commitments by the specified deadline [8] - The final results of the strategic placement and the online lottery for shares will be announced following the draw on October 28, 2025 [10][11] - The offline issuance saw a total of 7,490,110 thousand shares subscribed, with the initial allocation process adhering to the announced guidelines [12][13]

Core Points - Daming Electronics Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and will be listed on the main board [1] - The IPO will utilize a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1] - The total number of shares to be issued is 40.001 million, with 8.002 million shares allocated for strategic placement, accounting for 20% of the total issuance [1][2] Strategic Placement - The final number of shares for strategic placement remains at 8.002 million, with no adjustments made to the offline issuance [1] - The strategic placement investors are selected based on their strategic cooperation or long-term partnership with the issuer [5][6] - The strategic placement price is set at RMB 12.55 per share, with the total scale of the issuance amounting to RMB 502.0126 million [7] Issuance Mechanism - Before the adjustment mechanism is activated, the offline issuance accounts for 70% of the total shares after strategic placement, while online issuance accounts for 30% [2] - After the adjustment mechanism is activated, the final offline issuance is 9.6003 million shares, and the online issuance is 22.4005 million shares [3] - The online issuance has a final winning rate of 0.02516657% [3] Payment Obligations - Investors must ensure timely payment for their allocated shares by October 28, 2025, with specific instructions for both offline and online investors [3][4] - If the total number of shares subscribed by offline and online investors is less than 70% of the total issuance, the IPO will be suspended [4] Subscription Results - The offline subscription concluded on October 24, 2025, with a total of 9,701,620,000 shares subscribed [10] - The initial allocation results for offline investors will be disclosed in detail, adhering to the principles outlined in the issuance announcement [11][12]

Core Points - Suzhou Fengbei Biotechnology Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the main board from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2] - The total number of shares for this issuance is set at 35.9 million, with an initial strategic placement of 7.18 million shares, accounting for 20% of the total issuance [2] - The final strategic placement quantity is 4.083297 million shares, which is 11.37% of the total issuance, with the difference being allocated to offline issuance [2] Issuance Structure - The issuance will combine strategic placement, offline pricing for qualified investors, and online pricing for public investors holding non-restricted A-shares and depository receipts [1] - After the strategic placement adjustment, the offline issuance will consist of 20.328703 million shares (63.89% of the remaining shares), while the online issuance will consist of 11.488 million shares (36.11% of the remaining shares) [2][7] Pricing and Payment - The issuance price is set at RMB 24.49 per share, with the online offering of 11.488 million shares scheduled for October 27, 2025 [2] - Investors must fulfill their payment obligations by October 29, 2025, with specific instructions for offline and online investors regarding payment procedures [3][4] Subscription and Allocation - The initial online subscription saw 13,647,883 valid applications, totaling 101,265,777,500 shares, resulting in an initial online winning rate of 0.01134441% [6] - Following the implementation of the allocation mechanism, the final online winning rate increased to 0.02391232% after reallocating shares from offline to online due to high demand [8] Draw and Announcement - The online draw for the issuance is scheduled for October 28, 2025, with results to be announced on October 29, 2025 [9]

Core Viewpoint - The company, Delijia Transmission Technology (Jiangsu) Co., Ltd., has received approval for its initial public offering (IPO) of 40,000,100 shares at a price of 46.68 yuan per share, with the listing scheduled for October 28, 2025 [1][6][10]. Group 1: IPO Details - The IPO will consist of a combination of strategic placements, offline inquiries, and online offerings [1][2]. - The final offering price of 46.68 yuan per share corresponds to a price-to-earnings (P/E) ratio of 31.48 times based on the 2024 earnings before non-recurring items [6][10]. - The total expected fundraising amount is approximately 186.72 million yuan, which is below the initial fundraising target of 188.08 million yuan [10][11]. Group 2: Investor Participation - Strategic placement investors include management and core employees through specific asset management plans, as well as large enterprises with strategic cooperation [3][4]. - The offline inquiry process will determine the final offering price, with a total of 137 bidders eliminated based on their proposed prices [4][10]. - Investors are required to submit their subscription funds by October 30, 2025, and must adhere to specific subscription rules [15][16]. Group 3: Market Context - The average P/E ratio for the general equipment manufacturing industry is reported at 44.03 times, indicating that the offering price is competitive compared to industry standards [7][10]. - The offering price is lower than the median and weighted average of the remaining bids from institutional investors, suggesting a market-driven pricing approach [7][10]. - The company’s stock will have no restrictions on circulation post-listing, allowing immediate trading [11][12].

Core Viewpoint - DeLijia Transmission Technology (Jiangsu) Co., Ltd. has received approval for its initial public offering (IPO) of 40,000,100 shares at a price of 46.68 yuan per share, with the listing scheduled for October 28, 2025 [1][4][10]. Group 1: IPO Details - The IPO will consist of a combination of strategic placement, offline inquiry, and online issuance [1][2]. - The strategic placement will involve key management and employees, as well as large enterprises with strategic cooperation [2][3]. - The final issuance price of 46.68 yuan per share corresponds to a price-to-earnings (P/E) ratio of 31.48 times based on the 2024 earnings before non-recurring items [4][5]. Group 2: Pricing and Valuation - The determined issuance price is below the average P/E ratio of 44.03 times for the general equipment manufacturing industry as of October 23, 2025 [6][9]. - The issuance price is also lower than the average P/E ratios of comparable companies in the same sector [9][10]. - The total expected fundraising amount is approximately 186.72 million yuan, which is less than the initially projected fundraising requirement of 188.08 million yuan [10][11]. Group 3: Subscription Process - Investors can subscribe to the shares on October 28, 2025, with specific time slots for online and offline subscriptions [4][12]. - The offline subscription will be subject to a 10% lock-up period for a portion of the shares, while the online shares will have no restrictions [12][13]. - Investors must ensure that their funds are available by October 30, 2025, to fulfill their subscription obligations [16][17].

Core Viewpoint - Daming Electronics Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and will be listed on the main board of the Shanghai Stock Exchange [1] Group 1: IPO Details - The IPO will utilize a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1] - The total number of shares to be issued is 40.001 million, with an initial strategic placement of 8.002 million shares, accounting for 20% of the total issuance [1] - The final strategic placement remains at 8.002 million shares, with no shares being reallocated to offline issuance [1] Group 2: Issuance Mechanism - Before the implementation of the online and offline allocation mechanism, the offline issuance quantity is 22.4008 million shares, representing 70% of the total issuance after deducting the final strategic placement [2] - The online issuance quantity is 9.6 million shares, accounting for 30% of the total issuance after deducting the final strategic placement [2] - The final total issuance quantity for both online and offline is 32.0008 million shares [2] Group 3: Pricing and Payment - The issuance price is set at RMB 12.55 per share, with the online pricing for 9.6 million shares scheduled for October 24, 2025 [2] - Investors must ensure timely payment for their subscriptions by October 28, 2025, with specific instructions for offline and online investors regarding payment obligations [3][4] Group 4: Subscription and Allocation - The number of effective online subscription accounts is 13,272,363, with a total effective subscription volume of 89,008,964,500 shares, resulting in an initial online winning rate of 0.010785543% [5] - Following the implementation of the allocation mechanism, the final online winning rate is adjusted to 0.025166657% [7] - The online lottery draw for subscriptions will take place on October 27, 2025, with results announced on October 28, 2025 [8]

Core Points - Daming Electronics Co., Ltd. is conducting its initial public offering (IPO) and listing on the main board, following the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [1][4][5] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods [2][5] - The initial inquiry period for the IPO was from October 21, 2025, with a total of 713 offline investors submitting 9,685 inquiries, indicating strong interest [5] Group 1 - The IPO has received approval from the Shanghai Stock Exchange's listing review committee and has been registered by the China Securities Regulatory Commission [4] - The stock will be listed under the name "Daming Electronics" with the stock code "603376" for both the initial inquiry and offline subscription [5] - The price range for the shares during the initial inquiry was between 7.68 yuan per share and 23.00 yuan per share, with a total proposed subscription quantity of 10,463,110,000 shares [5]

Core Viewpoint - Daming Electronics Co., Ltd. has received approval for its initial public offering (IPO) of A-shares, with a total issuance of 40.001 million shares at a price of 12.55 yuan per share, which corresponds to a price-to-earnings (P/E) ratio of 16.02 times based on the 2024 earnings forecast [1][4][5]. Summary by Sections Issuance Details - The IPO application has been approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission [1]. - The total number of shares to be issued is 40.001 million, all of which are new shares for public offering [1]. - The issuance will take place on October 24, 2025, through both the Shanghai Stock Exchange trading system and an internet trading platform [1]. Pricing Mechanism - The issuance will combine strategic placement, offline inquiry pricing, and online public offering [2]. - The final issuance price is set at 12.55 yuan per share, determined after evaluating market conditions and investor demand [4][10]. - The price corresponds to a P/E ratio of 16.02 times based on the earnings before non-recurring items [5]. Investor Participation - Investors participating in the strategic placement will be selected based on their qualifications and market conditions, focusing on large enterprises with strategic cooperation [2]. - The offline issuance will not involve cumulative bidding, and the pricing will be based on preliminary inquiries [3][4]. Financial Projections - The expected total fundraising amount from the IPO is approximately 502.0126 million yuan, exceeding the previously stated fundraising requirement of 400.0659 million yuan [11]. - The net proceeds after deducting issuance costs are projected to be around 423.8220 million yuan [11]. Market Comparison - The P/E ratio of 17.97 times based on diluted earnings is lower than the average P/E ratio of 30.42 times for the automotive manufacturing industry as of October 21, 2025 [9][7]. - The pricing is also below the median and weighted average of remaining quotes from offline investors [7]. Lock-up Periods - For offline investors, 10% of the allocated shares will have a lock-up period of 6 months, while 90% will be tradable immediately after the listing [12]. - Strategic placement investors will face a 12-month lock-up period for their allocated shares [12].

股票简称：超颖电子 股票代码：603175 超颖电子电路股份有限公司 Dynamic Electronics Co., Ltd. （湖北省黄石市经济技术开发区汪仁镇大棋大道特 88 号） 首次公开发行股票 主板上市公告书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二五年十月二十三日 超颖电子电路股份有限公司 上市公告书 特别提示 超颖电子电路股份有限公司（以下简称"超颖电子"、"本公司"或"发行人"、 "公司"）股票将于 2025 年 10 月 24 日在上海证券交易所主板上市。 本公司提醒投资者应充分了解股票市场风险以及本公司披露的风险因素，在 新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、监事、高级管理人员保证上市公告书所披露信息的真实、 准确、完整，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏，并依法 承担法律责任。 上海证券交易所、有关政府机关对本公司股票上市及有关事项的意见，均不 表明对本公司的任何保证。 本 公 司 提 醒 广 大 投 资 者 认 真 阅 读 刊 载 于 上 海 证 券 交 ...

Core Points - Minglida's stock price dropped by 3.64% to 21.20 yuan, indicating it is currently in a state of decline since its IPO [1] - The company raised a total of 1.14 billion yuan through its initial public offering (IPO) and has since issued convertible bonds to raise an additional 1 billion yuan [2][3] Group 1 - Minglida's IPO on April 7, 2022, involved the issuance of 40.01 million shares at a price of 28.50 yuan per share, resulting in a total fundraising amount of 1.14 billion yuan [1] - The net proceeds from the IPO were 1.04 billion yuan, which was 261 million yuan more than initially planned [1] - The funds raised are allocated for projects including lightweight aluminum-magnesium alloy precision structural components and plastic parts manufacturing, R&D center construction, and working capital [1] Group 2 - On August 21, 2023, Minglida announced the issuance of convertible bonds totaling 1 billion yuan, with a face value of 100 yuan per bond [2] - The net proceeds from the convertible bond issuance will be used for the construction of precision structural component production bases in Anhui and Jiangxi, as well as for new energy key component manufacturing projects and working capital [2] - The total amount raised by Minglida from both the IPO and the convertible bond issuance is 2.14 billion yuan [3]