Core Viewpoint - Shenzhen Microstep Information Co., Ltd. has submitted a report for its initial public offering (IPO) and listing on the Shenzhen Stock Exchange, with Guolian Minsheng Securities as the counseling institution [1]. Group 1: Company Overview - Shenzhen Microstep Information Co., Ltd. was established on June 11, 2001, and is located in Shenzhen, Guangdong Province [3]. - The company specializes in intelligent hardware and PCB (Printed Circuit Board) as an ODM (Original Design Manufacturer), providing comprehensive services from research and development to manufacturing [1]. - The registered capital of the company is approximately 59.99 million yuan [3]. - The legal representative of the company is Liu Xiaoyan [3]. - The controlling shareholder is Shenzhen Microstep Investment Co., Ltd., holding 28.34% of the shares [3]. Group 2: Financing History - The company has previously received investments from institutions such as Western Capital and Zheshang Securities [1]. - The financing history includes a directed issuance in December 2016 and another in December 2015, although specific amounts were not disclosed [2]. Group 3: IPO Counseling Details - The counseling agreement was signed on January 27, 2026, with Guolian Minsheng Securities as the underwriting and sponsoring institution, and Beijing Guofeng (Shenzhen) Law Firm and Rongcheng Accounting Firm as legal and accounting advisors, respectively [4]. - The counseling work will include comprehensive due diligence, legal training, and the establishment of internal controls and information disclosure systems [5][6]. - The counseling process is scheduled to take place over several months, with specific tasks outlined for each phase, including compliance checks and preparation of IPO application documents [9].

Core Viewpoint - The report outlines the progress of Hefei Zijin Steel Pipe Co., Ltd.'s initial public offering (IPO) guidance, highlighting the company's current challenges in meeting the listing standards and the measures being taken to address these issues [1][3]. Group 1: Company Overview - Hefei Zijin Steel Pipe Co., Ltd. was established in 2004 and is located in Hefei, Anhui Province. The company specializes in the research, production, and sales of longitudinal submerged arc welded steel pipes (LSAW) and is a leading manufacturer of offshore wind power steel structure foundations in China [1]. - The controlling shareholder of Zijin is Hengfeng (China) Co., Ltd., which holds a 47.32% stake in the company [1]. Group 2: Current Challenges - The company has not yet met the listing standards for the ChiNext board, which require a positive net profit for the last two years, a cumulative net profit of at least 100 million yuan, and a net profit of no less than 60 million yuan in the most recent year. The company is currently working to improve its profitability through operational adjustments and market expansion [3][14]. - There are issues with certain properties that lack proper ownership certificates, totaling 2,576.83 square meters, which accounts for 5.06% of the company's total building area. These properties are not core to the company's operations and have minimal impact on its business [4][15]. Group 3: Guidance and Support Measures - The guidance team is actively encouraging the company to enhance its internal control systems and comply with the operational standards required for listed companies [2][13]. - The guidance work includes a comprehensive assessment of the company's governance structure, operational compliance, and financial information to ensure transparency and adherence to legal requirements [16]. - Future guidance will focus on continuous due diligence, educating the company on IPO regulatory updates, and fostering collaboration with other service institutions to improve the company's understanding of capital market operations [16][17].

Group 1 - The core point of the article is that Jiangsu Anlan Wanjin Electronics Co., Ltd. has initiated the IPO counseling filing with the Jiangsu Securities Regulatory Bureau, with Dongfang Securities as the counseling institution [2] - Jiangsu Anlan Wanjin was established in July 1993 and has a registered capital of 360 million yuan. The company is a manufacturer of smart devices, producing four main product lines: high-speed cables, alloy ultrafine wires, electroacoustics, and smart device manufacturing [2][3] - The company's products are widely used in various fields, including communications, medical, AI smart devices, smart home appliances, mobile phones, semiconductors, and automobiles [2] Group 2 - The controlling shareholder of the company is Jiangsu Shangfeng Industrial Investment Co., Ltd., which holds 47.8123% of the shares. The actual controllers are Liang Jianfeng and Liu Yan, who together directly hold 22.0936% of the shares [3] - Liang Jianfeng serves as the chairman and executive director of the company, while Liu Yan is the manager and director [4] - Through Jiangsu Shangfeng Industrial Investment Co., Ltd. and Changzhou Zhongchen Industrial Investment Partnership, Liang Jianfeng and Liu Yan indirectly control 76.6400% of the voting rights of Anlan Wanjin [3]

Core Viewpoint - Shenzhen Guanghua Weiye Co., Ltd. has initiated the IPO counseling record with the Shenzhen Securities Regulatory Bureau, aiming to list on the Beijing Stock Exchange, with Shenwan Hongyuan Securities as the counseling institution [1][2]. Company Overview - Guanghua Weiye was established on May 29, 2002, with a registered capital of 57.6 million yuan, and is engaged in the production, operation, and service provision of 3D printing materials and environmentally friendly biological materials [2][4]. - The controlling shareholder is Yida Biological New Technology (Shenzhen) Limited Partnership, holding a direct stake of 33.05% [1][4]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 344 million yuan, an increase of 41.43% compared to the same period last year, and a net profit of 25.45 million yuan, up 46.88% year-on-year [2]. - For the year 2024, the company reported operating revenue of 544 million yuan, a year-on-year increase of 29.85%, but a net profit of 24.18 million yuan, which represents a decline of 45.16% compared to the previous year [2]. Shareholder Information - Yang Yixu, the legal representative, directly holds 19.91% of the company’s shares and indirectly controls 33.05% through Yida Biological, totaling 52.96% of the shares, making him the actual controller of the company [4].

Group 1 - The core point of the article is that Huolong Technology Co., Ltd. has initiated the IPO counseling filing with the Jiangsu Securities Regulatory Bureau, with Huatai United Securities as the counseling institution [2] - Huolong Technology was established in August 2002 and has a registered capital of 60 million yuan [3] - The company specializes in the research and development of semiconductor heating devices, providing customized heating solutions for semiconductor equipment and OEM clients [3] Group 2 - The controlling shareholder of Huolong Technology is Shanghai Liyu Technology Co., Ltd., which directly holds 39.6161% of the company's shares [3] - The actual controllers of the company are Xie Long and Hu Ya, who together control 67.7441% of the equity [3] - Xie Long serves as the chairman of the company and is responsible for executing company affairs [3]

Group 1 - The core point of the article is that Shandong Port Group's subsidiary, Shandong Ocean Shipping Group, has established a new company, Shandong Ocean Shipping Group (Hainan) Co., Ltd., with a registered capital of 10 million RMB, focusing on various shipping and management services [1][3] - Shandong Ocean Shipping Group was founded in March 2020 with a registered capital of 445 million RMB, primarily engaged in container transportation, oil transportation, and other shipping services [3] - The ownership structure shows that Shandong Port Group holds 29.4715% of Shandong Ocean Shipping Group, with other shareholders including various port groups and logistics companies [3] Group 2 - Prior to the establishment of the Hainan company, Shandong Ocean Shipping Group had already set up several other subsidiaries, including those in Weihai, Rizhao, and Bohai Bay [3] - On September 23, 2023, Shandong Ocean Shipping Group registered for IPO counseling with the Qingdao Securities Regulatory Bureau, indicating plans for an initial public offering [1][3]

Group 1 - The core point of the article is that China Electronics Technology Group Corporation (CETC) subsidiary, Si Yi Technology, has completed its IPO counseling work, with the counseling institution being Guotai Junan Securities [1] - Si Yi Technology signed a counseling agreement with Guotai Junan in July 2025 and has conducted one counseling session since the completion of the filing [1] - Si Yi Technology previously applied for listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board in December 2022, but the application was withdrawn in June 2023 after one round of inquiries [1] Group 2 - Si Yi Technology was established in May 2015, with a registered capital of 826 million yuan, and specializes in the research, development, manufacturing, and sales of electronic measurement instruments [2] - As of June 30, 2022, the total assets of Si Yi Technology amounted to 3.614 billion yuan, with a net profit of 131.36 million yuan [3] - The company's total revenue for 2021 was 1.513 billion yuan, with a net profit of 191.32 million yuan, and a net profit of 1.3136 billion yuan for the first half of 2022 [3] Group 3 - The controlling shareholder and actual controller of Si Yi Technology is China Electronics Technology Group, which holds a direct stake of 50.54% [4] - Related parties controlled or managed by China Electronics Technology include Electric Science Investment, the 41st Research Institute, and Guoyuan Fund [4]

Core Insights - Shenzhen Hongfucheng New Materials Co., Ltd. has completed its IPO counseling report with Huayuan Securities as the counseling institution [2] - The company signed a counseling agreement with Huayuan Securities on February 7, 2023, and conducted eleven counseling sessions up to the report date [2] Company Overview - Hongfucheng was established in May 2003 and specializes in the research, manufacturing, and sales of thermal interface materials [4] - The company's main products include shielding materials, thermal interface materials, and wave-absorbing materials, which are essential for electronic devices [4] - These materials have wide applications in mobile phones, tablets, new energy vehicles, and network communications [4] Shareholder Information - The company is primarily controlled by Sun Aixiang, who holds a 51% stake, while Zhao Jianping holds a 49% stake [5] - Sun Aixiang serves as the chairman of the company, and Zhao Jianping is a director [5] Financial Agreements - The counseling report indicates that certain agreements with shareholders contained performance-based clauses and special rights, which have been terminated and deemed invalid [4] - The termination of these clauses occurred before the issuance of the financial report and prior to the submission of the listing application materials [4]

Core Points - Yushu Technology has completed its IPO counseling report and plans to apply for an initial public offering in China, with CITIC Securities providing counseling services [1][3] - The counseling agreement was signed on July 7, 2025, and various regulatory steps were taken, including the submission of counseling registration materials [3] - During the counseling process, issues were identified, such as the lack of a finalized fundraising plan and the absence of independent directors, which were subsequently addressed [3][6] Group 1 - CITIC Securities assisted Yushu Technology in refining its fundraising investment project plan to align with future development needs [3] - The company established a complete corporate governance system, including the appointment of three independent directors and the formation of specialized committees [3][4] - The fifth extraordinary shareholders' meeting in 2025 approved significant resolutions, including the election of independent directors and the cancellation of the supervisory board [4] Group 2 - Yushu Technology officially changed its name to "Yushu Technology Co., Ltd." from "Hangzhou Yushu Technology Co., Ltd." [4][5] - The counseling work was conducted diligently by both CITIC Securities and the company, ensuring effective communication and compliance with the counseling agreement [5][6] - The counseling team conducted thorough assessments of the company's management and operations, providing recommendations for improvement [6]

Core Viewpoint - Yushu Technology has completed its IPO counseling report and plans to apply for an initial public offering in China, with CITIC Securities providing counseling services [1][3]. Group 1: Counseling Process - CITIC Securities signed a counseling agreement with Yushu Technology on July 7, 2025, and submitted the counseling filing materials on July 8, 2025 [3]. - During the counseling period, issues were identified, including the initial lack of a finalized fundraising plan and the absence of independent directors [3]. - CITIC Securities assisted Yushu Technology in developing a fundraising investment project plan aligned with industry trends and the company's competitive advantages [3]. Group 2: Corporate Governance Improvements - The counseling team helped Yushu Technology enhance its corporate governance structure, leading to the appointment of three independent directors and the establishment of several board committees [3][4]. - As of the report date, Yushu Technology had established a comprehensive corporate governance system that meets the requirements for listed companies [3][4]. Group 3: Shareholder Meeting and Company Name Change - Yushu Technology held its fifth extraordinary general meeting in 2025, where several resolutions were passed, including the election of independent directors and the cancellation of the supervisory board [4]. - The company decided to change its name to "Yushu Technology Co., Ltd." from "Hangzhou Yushu Technology Co., Ltd." [4][5]. Group 4: Counseling Effectiveness - CITIC Securities and Yushu Technology diligently fulfilled their obligations under the counseling agreement, ensuring effective communication and collaboration throughout the process [5][6]. - The counseling team conducted thorough assessments of the company's management and operations, providing recommendations for improvement [6]. - Following the counseling, Yushu Technology is deemed to possess the necessary governance structure, accounting practices, and internal controls to qualify as a listed company [6].