12月5日，据上交所官网，有研金属复合材料（北京）股份公司（下称"有研复材"）披露上会稿。上海证券交易所上市审核委员会定于2025年12月12日召开 2025年第63次上市审核委员会审议会议，审议有研复材(首发)。 | 公司全称 | 有研金属复合材料（北京）股份公司 | 受理日期 | | --- | --- | --- | | 公司简称 | 有研复材 | 融资金额(亿 | | 审核状态 | 已问询 | 更新日期 | | 保荐机构 | 中信证券股份有限公司 | 保荐代表人 | | 会计师事务所 | 信永中和会计师事务所 (特殊普通合伙) | 签字会计师 | | 律师事务所 | 北京德恒律师事务所 | 签字律师 | | 评估机构 | | 签字评估师 | 招股书介绍，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品研发、生产和销售的高新技术企业，业务分为金属复合材料及制品和特 种有色金属合金制品板块。 公司下游客户主要为航空航天、军工电子、智能终端等领域的知名客户，主要客户包括中国航空工业集团有限公司下属子公司、中国电子科技集团有限公司 下属子公司、比亚迪等。 本次有研复材拟募资9亿元，分别用于先进金 ...

| | | | 夏公司 音关系 音风险 童老板 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 都在用的 商业 查 询 工 具 | | 国家中小企业发展子基金旗下机构 | 福建紫金桓炸金属复合材料有限公司 | × | 天眼一下 | 船 应用 ▼ | 商务合作 | | 基本信息 14 | | 法律诉讼 | 经营风险 | 经营信息 | | 公司发展 | 知 | | 股东信息 3 ② ● 品 股权结构 | | | | | | | | | 序号 | | | 股东名称 | | | 持股比例 ៖ | 认缴出资额(万元) | | 1 | | 福建紫金铜业有限公司 留 | | | | 40% | 40 | | 2 | 包肩 | 杭州高启企业管理合伙企业(有限合伙) | 0f | | | 38% | 38 | | 3 | 種 | 相談（浙江）金属复合材料有限公司 宮 | | | | 22% | 共计:22 认缴详情 | | | 日公用 音表板 音关系 音风险 都在用的商业查询丁具 | | | | --- | --- | --- | --- | | | ...

Core Viewpoint - The establishment of Boying Weierhan (Guangdong) Metal Composite Materials Co., Ltd. indicates a growing interest in the metal processing and new materials sector in China, with a registered capital of 50 million yuan [1] Company Summary - Boying Weierhan (Guangdong) Metal Composite Materials Co., Ltd. has been recently founded with a registered capital of 50 million yuan [1] - The company’s business scope includes non-ferrous metal rolling processing, additive manufacturing, metal surface treatment and heat treatment processing, and new material technology research and development [1] - The company is jointly held by Boying Special Welding and other stakeholders, indicating a collaborative approach in its ownership structure [1]

Core Viewpoint - Youyan Composite Materials (Beijing) Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, aiming to raise 900 million yuan for various projects and working capital [3]. Group 1: Company Overview - Youyan Composite Materials is a high-tech enterprise primarily engaged in the R&D, production, and sales of metal composite materials and special non-ferrous metal alloy products [3]. - The company's main products include metal matrix composite materials, bimetallic composite materials, special aluminum alloy products, and special copper alloy products, which are widely used in aerospace, military electronics, smart terminals, and home appliances [3]. Group 2: Financial Performance - The projected operating revenues for Youyan Composite Materials from 2022 to 2024 are 414 million yuan, 498 million yuan, and 610 million yuan, respectively [3]. - The net profits attributable to the parent company for the same period are expected to be 23.65 million yuan, 45.06 million yuan, and 55.36 million yuan, respectively [3]. - The gross profit margins for the main business are projected to be 26.93%, 27.45%, and 25.97% for the years 2022, 2023, and 2024, respectively [3]. Group 3: Shareholding Structure - China Research Institute directly holds 50.85% of Youyan Composite Materials and indirectly holds an additional 19.81% through its subsidiary, totaling 72.06% control [4]. - The actual controller of Youyan Composite Materials is the State-owned Assets Supervision and Administration Commission of the State Council, which fully funds China Research Institute [5]. Group 4: Management Team - The current chairman and core technical personnel is Fan Jianzhong, while Chen Chunsheng serves as the general manager [7]. - Zhao Caixia holds the positions of financial director, board secretary, and general legal counsel [7]. - The total compensation for the management team during the reporting period was 5.7464 million yuan, 6.4295 million yuan, and 6.3075 million yuan, representing 6.81%, 9.41%, and 8.26% of the total profit for the respective periods [7].

Company Overview - Youyan Metal Composite Materials (Beijing) Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, with CITIC Securities as the sponsor and Xinyong Zhonghe Accounting Firm as the auditor [2] - The company focuses on the R&D, production, and sales of metal composite materials and special non-ferrous metal alloy products, with its main products including metal matrix composite materials, bimetallic composite materials, special aluminum alloys, and special copper alloys [2] Industry Insights - The metal composite materials industry in China is rapidly expanding into civilian sectors, driven by demand from emerging industries such as smart terminals and new energy vehicles, with the market size projected to grow from 26.4 billion yuan in 2020 to 42 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 12.31% [3] - The market for metal matrix composites in China is expected to increase from 7 billion yuan in 2020 to 11 billion yuan in 2024, with a CAGR of 11.94%, and further growth to 21.2 billion yuan by 2027 [5] - Special non-ferrous metal alloy products are defined as high-performance alloy materials made from non-ferrous metals with specific alloying elements and special processing techniques, widely used in aerospace and rail transportation [8] - The demand for aerospace aluminum alloys in China is projected to reach 50,000 to 100,000 tons per year by 2025, and 150,000 to 200,000 tons per year by 2035 [8]