Core Points - 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] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance to determine the pricing and allocation of shares [1][2] - The total number of shares post-IPO will be 86.67 million, with the public offering accounting for 25% of the total shares [1] Strategic Placement - The initial strategic placement is set at 4.334 million shares, representing 20% of the total offering [2] - Senior management and core employees will participate in a special asset management plan, with an initial allocation of 2.167 million shares, which is 10% of the total offering [2] - Other strategic investors will have a combined subscription amount not exceeding 60 million yuan [2] Issuance Mechanism - Before the adjustment mechanism is activated, the initial offline issuance is 12.1355 million shares, accounting for 70% of the remaining shares after strategic placement [3] - The initial online issuance is 5.2005 million shares, representing 30% of the remaining shares [3] - The final distribution of offline and online shares will be confirmed based on the adjustment situation and will be published in a subsequent announcement [3] Investor Engagement - The company and the lead underwriter will conduct an online roadshow to provide investors with insights into the company's fundamentals, growth prospects, and details regarding the IPO subscription [3]

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. is preparing for its initial public offering (IPO) and listing on the ChiNext board, following the relevant regulations and guidelines set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2]. Group 1: Issuance Details - The IPO will be conducted through a combination of strategic placement, offline issuance to qualified investors, and online issuance to public investors holding non-restricted A-shares and non-restricted depository receipts [2][3]. - The strategic placement will involve the company's senior management and core employees, along with other investors, participating in a special asset management plan [2][3]. - The initial inquiry period for pricing will take place on August 26, 2025, during which qualified offline investors can submit their proposed prices and corresponding subscription quantities [4]. Group 2: Underwriting and Management - The lead underwriter for this issuance is Zheshang Securities Co., Ltd., which will organize the strategic placement, initial inquiry, and both offline and online issuance [2][5]. - The total number of shares allocated to strategic placement investors, subscription amounts, and the proportion of the total issuance will be disclosed in the issuance announcement [3].

Core Viewpoint - Guangdong Provincial Institute of Building Science Research Group Co., Ltd. has successfully completed its initial public offering (IPO) and is set to list on the ChiNext board, with the approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. Group 1: IPO Details - The total number of shares for this issuance is 10,466,000 shares, priced at RMB 6.56 per share [1]. - The initial strategic placement quantity is 31,398,000 shares, which constitutes 30% of the total issuance [2]. - The final strategic placement quantity remains the same as the initial, with no need for a reallocation to offline issuance [2]. Group 2: Subscription and Allocation - The effective number of subscription accounts for the online issuance is 12,316,902, with a total of shares subscribed amounting to 14,652,500 [6]. - The online subscription multiple is 8,487.06037 times, leading to the activation of the reallocation mechanism, redistributing 20% of the total issuance from offline to online [7]. - After the reallocation, the final online issuance quantity is 29,304,500 shares, accounting for 40% of the total issuance [7]. Group 3: Lock-up Periods - For offline investors, 90% of the allocated shares will have no lock-up period, while 10% will be subject to a 6-month lock-up period starting from the listing date [4][5]. - Strategic placement investors will face a 12-month lock-up period from the listing date [5].

Group 1 - The company Guangdong Provincial Architectural Science Research Institute Group Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the Growth Enterprise Market [1] - The total number of shares to be publicly issued is 10,466,000, which will account for approximately 25% of the company's total shares post-issuance, bringing the total share count to 41,856,000 [1] - The issuance will involve a combination of strategic placement, offline pricing for qualified investors, and online issuance for the general public [1][2] Group 2 - The initial strategic placement quantity is set at 31,398,000 shares, representing 30% of the total issuance [2] - The underwriter's related subsidiaries will participate in the strategic placement with an initial amount of 5% of the total issuance, equating to 5,233,000 shares [2] - The offline initial issuance quantity is 58,610,000 shares, which constitutes 80% of the remaining shares after accounting for the initial strategic placement [2] Group 3 - An online roadshow will be held to provide investors with information about the company and the IPO process [3] - The online roadshow is scheduled for July 31, 2025, from 09:00 to 12:00 [4] - The roadshow will feature key members of the company's management and representatives from the underwriter [4]

Group 1 - The company, Guangdong Provincial Institute of Building Science Group Co., Ltd., has received approval for its initial public offering (IPO) and listing on the ChiNext board [1][2] - The total number of shares to be publicly issued is 10,466,000, representing approximately 25% of the company's total shares post-issuance [2] - The initial strategic placement will consist of 31,398,000 shares, accounting for 30% of the total issuance, with the underwriter's related subsidiaries participating with 5% of the issuance [2] Group 2 - The offering will be conducted through a combination of strategic placement, offline inquiry-based placement, and online pricing issuance for public investors [1][2] - The final distribution of shares between offline and online offerings will be determined based on the allocation mechanism, with the results published on August 5, 2025 [2] - The company and its underwriter will hold an online roadshow to provide investors with information regarding the company and the IPO process [3]

Core Viewpoint - Hanguo Group Co., Ltd. has successfully completed its initial public offering (IPO) of 40.01 million shares of ordinary A-shares, which has been approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. Group 1: IPO Details - The IPO consists of three parts: strategic placement, offline issuance, and online issuance [1]. - The initial strategic placement is set at 4.001 million shares, accounting for 10% of the total issuance [1]. - The offline initial issuance is 36.009 million shares, with the final numbers to be determined based on the allocation mechanism [2]. Group 2: Subscription and Allocation - The effective number of subscription accounts for the online issuance is 14,857,668, with a total of 111,369,053,500 shares applied for, resulting in a total allocation number of 222,738,107 [6]. - The initial online subscription multiple is 10,309.56 times, leading to the activation of the allocation mechanism, redistributing 40% of the total issuance to online investors [6]. - After the allocation, the final online issuance quantity is 25.2065 million shares, representing 70% of the total issuance after deducting the strategic placement [6]. Group 3: Lock-up Periods - Shares allocated through strategic placement will have a lock-up period of 12 months starting from the listing date [4]. - For offline investors, 90% of the allocated shares will be unrestricted, while 10% will have a lock-up period of 6 months [3].

山东信通电子股份有限公司 首次公开发行股票并在主板上市 保荐人（主承销商）：招商证券股份有限公司 特别提示 山东信通电子股份有限公司（以下简称"信通电子"、"发行人"或"公司"）首 次公开发行人民币普通股（A 股）并在主板上市（以下简称"本次发行"）的申请 已经深圳证券交易所（以下简称"深交所"）上市审核委员会审议通过，并已获中 国证券监督管理委员会同意注册（证监许可〔2025〕954 号）。本次发行的保荐 人（主承销商）为招商证券股份有限公司（以下简称"招商证券"或"保荐人（主 承销商）"）。发行人的股票简称为"信通电子"，股票代码为"001388"。 本次发行采用向参与战略配售的投资者定向配售（以下简称"战略配售"）、 网下向符合条件的网下投资者询价配售（以下简称"网下发行"）与网上向持有深 圳市场非限售 A 股股份和非限售存托凭证市值的社会公众投资者定价发行（以 下简称"网上发行"）相结合的方式进行。 发行人与保荐人（主承销商）协商确定本次发行股份数量为 3,900.00 万股。 本次发行价格为人民币 16.42 元/股。本次发行全部为公开发行新股，公司股东不 进行公开发售股份。 根据最终确定的发行价格 ...

Core Viewpoint - Suzhou Huazhi Jie Telecommunications Co., Ltd. has received approval for its initial public offering (IPO) and listing on the main board of the Shanghai Stock Exchange, with the registration approved by the China Securities Regulatory Commission [1] Summary of Issuance Details - The company is issuing 25 million shares, which represents 25% of the total share capital post-issuance [2] - The offering price is set at RMB 19.88 per share [2] - Senior management and core employees will participate in a strategic placement, acquiring 2.5 million shares, accounting for 10% of the total issuance, with a total subscription amount of RMB 49.7 million [2] - The shares acquired through the asset management plan will have a lock-up period of 12 months from the date of the IPO [2] Financial Metrics - The earnings per share (EPS) before the issuance is calculated based on the net profit attributable to shareholders divided by the total share capital before the issuance [2] - The EPS after the issuance will be calculated similarly, using the total share capital post-issuance [2] - The price-to-earnings (P/E) ratio is determined by the audited net profit attributable to shareholders divided by the total share capital post-issuance [2] - The price-to-book (P/B) ratio is 1.69 times, calculated by the offering price divided by the net asset per share post-issuance [2] Fundraising and Costs - The total amount of funds raised is RMB 497 million [4] - The total issuance costs amount to RMB 52.8356 million, which may be adjusted based on the issuance results [4] - The costs include various fees based on the complexity of legal matters and the service workload [4]

Core Viewpoint - Xinhenghui Electronics Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with the underwriting led by Founder Securities [1][2]. Group 1: IPO Details - The company plans to issue a total of 59.88867 million shares, representing approximately 25% of the total post-issue share capital of 239.555467 million shares [1]. - The initial strategic placement will consist of 11.977773 million shares, accounting for 20% of the total issuance [2]. - The offline initial issuance quantity is set at 33.538094 million shares, which is about 70% of the remaining shares after the initial strategic placement [3]. Group 2: Investor Participation - Senior management and core employees are expected to participate in the strategic placement with a maximum subscription of 5.988886 million shares, not exceeding 100 million yuan [2]. - Other strategic placement investors will collectively subscribe for an amount not exceeding 100 million yuan [2]. - The final allocation of shares for strategic placement will be adjusted based on the established reallocation mechanism [2][3]. Group 3: Issuance Process - The issuance will combine strategic placement, offline inquiry-based placement, and online pricing for public investors holding non-restricted A-shares [1]. - The final numbers for offline and online issuance will be confirmed based on the reallocation situation and will be published in the preliminary allocation results announcement on June 13, 2025 [3].

Core Viewpoint - Anhui Guqi Wool Material Co., Ltd. has received approval for its initial public offering (IPO) of up to 50 million shares at a price of RMB 12.08 per share, with a combination of offline and online issuance methods [1][2]. Group 1: IPO Details - The IPO will consist of 50 million shares, with 30 million shares allocated for offline issuance (60%) and 20 million shares for online issuance (40%) before any adjustments [1]. - The effective subscription for the online issuance reached 13,097,569 accounts, with a total of 146,973,448,000 shares applied for, resulting in a total allocation number of 293,946,896 [4]. - The final online issuance quantity after the adjustment is 40 million shares, accounting for 80% of the total issuance, while the offline issuance is reduced to 10 million shares, representing 20% [4]. Group 2: Subscription and Payment - Investors must ensure that their funds are available for payment by May 21, 2025 (T+2), and failure to do so will result in the invalidation of their subscription [2][3]. - The offline investors are subject to a lock-up period where 90% of their allocated shares will be unrestricted, while 10% will have a 6-month lock-up period starting from the listing date [3]. Group 3: Lottery and Allocation - The lottery for the online subscription will take place on May 20, 2025 (T+1), at a designated location in Shenzhen [5]. - The online subscription's final winning rate is approximately 0.0272%, with a subscription multiple of 3,674.3362 times [4].