9月以来，A股市场共有9只新股上市交易，首日平均涨幅达273.5%。其中，三协电机、建发致新首日分别上涨785.6%、418.6%。 2022年度—2024年度，公司实现营业收入分别为34.36亿元、32.02亿元、32.38亿元，归属于母公司所有者的净利润为1.1亿元、1.55亿元、1.55亿元。 公司本次募集资金将主要用于年产5.6万吨新能源及动力电池用等高端胶粘剂、高性能复合材料树脂系统项目和偿还银行贷款。 责编：万健祎 校对： 廖胜超 本周（9月29日—10月3日）仅有两个交易日，A股市场将有1只新股申购，为沪市主板的道生天合，公司发行价为5.98元/股，单一账户申购上限为27500 股，顶格申购需持沪市市值27.5万元，该股将于本周一开启申购。值得注意的是，道生天合是今年以来沪深两市新股中发行价第四低的新股，中一签仅需交 款2990元。 招股书显示，道生天合是一家致力于新材料的研发、生产和销售的国家级高新技术企业，报告期公司产品围绕环氧树脂、聚氨酯、丙烯酸酯和有机硅等高性 能热固性树脂材料，形成了风电叶片用材料、新型复合材料用树脂和新能源汽车及工业胶粘剂三大系列产品，主要为风电、新能源汽车、储能、氢 ...

Financial Performance - The company reported total revenue of 222 million yuan for the first half of 2025, a decrease of 12.16% year-on-year [1] - The net profit attributable to shareholders was -43.70 million yuan, representing a decline of 1157.69% compared to the previous year [1] - The gross margin was 24.5%, showing a slight increase of 0.69% year-on-year, while the net margin dropped to -20.06%, a decrease of 1454.0% [1] - Total expenses (selling, administrative, and financial) accounted for 31.8% of revenue, an increase of 35.12% year-on-year [1] - Earnings per share were -0.13 yuan, a significant decrease of 1155.91% compared to the previous year [1] Cash Flow and Debt Situation - The company's cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at only 9.15% [3] - The interest-bearing debt ratio has reached 72.52%, indicating a high level of leverage [3] - Financial expenses accounted for 173.04% of the average operating cash flow over the past three years, highlighting financial strain [3] Business Strategy - The company adheres to a core development strategy of "technological innovation" and "market-first," focusing on green and low-carbon principles [4] - It aims to enhance market competitiveness by optimizing the supply chain and developing new materials to meet the demands of high-end manufacturing [4] - The company is committed to driving innovation in the new materials sector, addressing technological gaps in the domestic market [4]

智通财经APP获悉，8月14日，中国证监会发布《关于同意道生天合材料科技(上海)股份有限公司首次公开发行股票注册的批复》。据悉，道生天合拟在上交 所上市，中信建投为其保荐机构，拟募资6.94亿元。 招股书显示，道生天合是一家致力于新材料的研发、生产和销售的国家级高新技术企业，报告期公司产品围绕环氧树脂、聚氨酯、丙烯酸酯和有机硅等高性 能热固性树脂材料，形成了风电叶片用材料、新型复合材料用树脂和新能源汽车及工业胶粘剂三大系列产品，主要为风电、新能源汽车、储能、氢能等新能 源领域，以及航空、油气开采、电力、模具制造等领域的国内外客户提供系列化、差异化和精细化的新材料产品综合解决方案。 ...

Group 1: Company Overview - Zhejiang Jingu Co., Ltd. is a high-tech enterprise focused on the research, production, and sales of automotive wheels, recognized as a "specialized, refined, distinctive, and innovative" enterprise in Zhejiang Province [2] - The company emphasizes technological innovation and product development, with a comprehensive research and development system [2] Group 2: Product Innovations - The revolutionary new material, niobium micro-alloy, offers high strength, good toughness, low cost, and reduced carbon emissions, achieving a strength of up to 2000 MPa after processing, which is about twice that of titanium alloys and five times that of aluminum alloys [2][4] - The Avatar low-carbon wheel is a lightweight product that meets customer needs with features such as high precision, strength, better balance, and durability, currently being applied in both passenger and commercial vehicles [3] Group 3: Market Performance and Projections - For the first half of 2025, the company expects a net profit attributable to shareholders of approximately 30 million to 45 million yuan, representing a year-on-year growth of 44.06% to 116.08% [3] - The net profit after deducting non-recurring gains and losses is projected to be between 25 million and 37.5 million yuan, with a year-on-year increase of 58.09% to 137.14% [3] Group 4: Strategic Development - The company is expanding its production capacity to meet increasing customer demand and is actively exploring overseas markets by establishing production bases [5] - A horizontal application division has been established to enhance R&D efforts in new materials and technologies, focusing on industries with significant market potential, such as robotics and low-altitude aircraft [3][5]

Group 1: Investor Relations Activity - The company held an investor relations activity via an online platform on May 13, 2025, with participation from key executives including the Chairman and General Manager, Sun Fengfeng, and the Financial Officer, Shi Qingyun [1] - As of May 10, 2025, the number of shareholders is reported to be 25,782 [1] Group 2: New Material Development - The new material "Avatar Niobium Microalloy" has advantages such as high strength, good toughness, low cost, and low carbon emissions. Its strength can reach up to 2000 MPa after processing, which is about twice that of titanium alloys and five times that of aluminum alloys [1] - The density of the Avatar Niobium Microalloy is approximately 1.7 times that of titanium alloys and 2.9 times that of aluminum alloys, making it suitable for replacing various metals to achieve cost reduction and carbon emission reduction [1] Group 3: Project Progress - The company is focusing on the development of robots and low-altitude aircraft, leveraging its existing new materials, processes, and technologies. It aims to explore more horizontal product development and application scenarios [2] - The company plans to increase resource investment in these fields, although some project information remains confidential [2]