中国经济网北京11月22日讯 北京证券交易所上市委员会2025年第33次审议会议于2025年11月21 日上午召开，审议结果显示，苏州爱得科技发展股份有限公司（简称"爱得科技"）首发符合发行条件、 上市条件和信息披露要求。这是今年过会的第79家企业。 爱得科技的保荐机构为德邦证券股份有限公司，保荐代表人为吴金鑫、刘德新。这是德邦证券今年 保荐成功的第2单IPO项目。此前，4月11日，德邦证券保荐的岷山环能高科股份公司过会。 爱得科技主要从事以骨科耗材为主的医疗器械的研发、生产与销售，主要产品包括脊柱类、创伤 类、运动医学等骨科医用耗材以及用于伤口疗愈的创面修复产品。 截至招股说明书签署日，陆强直接持有爱得科技34.99%的股份，黄美玉直接持有爱得科技38.78% 的股份，同时通过苏州市禾禾稼企业管理有限公司控制爱得科技5.29%的股份，两人直接持有和控制的 公司股份比例共计79.07%；陆强与黄美玉系夫妻关系，二人为公司控股股东及实际控制人。 爱得科技拟向不特定合格投资者公开发行股票不少于100万股且不超过2,953.0762万股（含本数， 不含超额配售选择权）。公司及主承销商可以根据具体情况择机采用超额配售 ...

IPO审核结果 据交易所官网审核动态信息，今日4家企业IPO上会，全部获审核通过，合计拟募资21.53亿元。 | 上会日期 | 数量 申报板块 | | 公司简称 | 武注册 | | 审核结果 在会时长 | 所属行业 | 拟募资金额(万元) | 最近一年净利润(万元) | 保存机构 | 会计师事务所 | 律师事务所 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-21 | 4 | 科创板 | 易思维 | 浙江 | 通过 | 169 | 仪器仪表制造业 | 121,431.46 | 8,451.53 | 国投证券 | 天健 | 君合 | | | | 北交所 | 爱得科技 | 江苏 | 通过 | 512 | 专用设备制造业 | 19,701.89 | 6,679.02 | 德邦证券 | 信永中和 | 锦天城 | | | | 北交所 | 通领科技 | 宋十 | 通过 | 325 | 汽车制造业 | 41,143.91 | 13,085.54 | 长江保荐 | 立信 | 国权 | | ...

Core Viewpoint - Shenzhen Hengyunchang Vacuum Technology Co., Ltd. has been approved for its initial public offering (IPO) on the Shanghai Stock Exchange, marking it as the 75th company to pass this year [1]. Company Overview - Hengyunchang is a leading domestic supplier of core components for semiconductor equipment, focusing on the research, production, sales, and technical services of plasma radio frequency power systems, plasma activation devices, and various accessories [2]. - The company plans to issue no more than 16.930559 million shares, accounting for at least 25% of the total share capital post-issuance, with the aim of raising 1.469 billion yuan for various projects including the industrialization of semiconductor RF power systems and the establishment of an intelligent production base for core components [2]. Shareholding Structure - Shenzhen Hengyunchang Investment Co., Ltd. holds 25.8179% of the shares, making it the controlling shareholder. The actual controller, Le Weiping, directly holds 23.0866% of the shares and has significant indirect control over the company [2]. IPO Sponsorship - The IPO is sponsored by CITIC Securities Co., Ltd., marking the 9th successful IPO project for CITIC Securities this year [1][2].

Core Points - Changzhou Tongbao Optoelectronics Co., Ltd. has been approved for IPO on the Beijing Stock Exchange, marking the 74th company approved this year [1] - The company specializes in the research, production, and sales of automotive electronic components, including automotive lighting systems and energy management systems [1] - The lead underwriter for the IPO is Dongwu Securities, which has successfully sponsored three IPO projects this year [1][3] Company Ownership - Liu Wei holds 17,914,045 shares, representing 31.77% of the total share capital, making him the largest shareholder [2] - Liu Guoxue and Tao Jianfang hold 17,554,500 shares (31.14%) and 8,930,000 shares (15.84%) respectively, with the three collectively owning 78.75% of the company [2] - Liu Guoxue and Tao Jianfang are spouses, and Liu Wei is their son, indicating a family-controlled structure [2] IPO Details - Tongbao Optoelectronics plans to issue up to 18,793,400 shares, with a potential over-allotment option of up to 2,819,010 shares [3] - The company aims to raise 330 million yuan (approximately 33 million) for projects related to smart LED modules and charging systems for new energy vehicles [3] Review Opinions - The review committee requested a quantitative analysis of the potential negative impact on future performance due to major clients implementing a "yearly reduction" policy [4] Inquiry Issues - The committee raised concerns regarding the stability and sustainability of operations, particularly in relation to customer concentration risks and inventory management practices [5]

Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee approved the initial public offering (IPO) of Qiangyi Semiconductor (Suzhou) Co., Ltd., marking it as the 73rd company to pass the review this year, with a total of 44 companies from the Shanghai and Shenzhen stock exchanges and 29 from the Beijing Stock Exchange [1]. Company Overview - Qiangyi Semiconductor is a high-tech enterprise focused on semiconductor design and manufacturing, specifically in the research, design, production, and sales of wafer testing core hardware probe cards [2]. - The controlling shareholder and actual controller of Qiangyi Semiconductor is Zhou Ming, who directly holds 27.93% of the shares and indirectly controls an additional 13.83%, totaling 50.05% control over the company [2]. - The company plans to list on the Sci-Tech Innovation Board of the Shanghai Stock Exchange, with a public offering of up to 32.39 million shares, representing no less than 25% of the total share capital post-issuance [2]. Fundraising and Use of Proceeds - Qiangyi Semiconductor aims to raise 1.5 billion yuan (approximately 150 million) through this IPO, which will be allocated to the development and production of probe cards in Nantong and the construction of its headquarters and R&D center in Suzhou [2]. Listing Review Committee Inquiries - The Listing Review Committee raised inquiries regarding the company's significant reliance on major clients, the independence and sustainability of its business and R&D, and measures taken to mitigate risks associated with dependence on a single related client [3]. - The committee also questioned the assessment of revenue forecasts related to major clients and the fairness of related transactions [3].

Core Viewpoint - Hebei Guoliang New Materials Co., Ltd. has been approved for its initial public offering (IPO) on the Beijing Stock Exchange, marking it as the 72nd company to pass the review this year [1]. Company Overview - Guoliang New Materials specializes in high-temperature industrial refractory materials and provides comprehensive contracting services and products in this field [1]. - The company plans to issue up to 21.86 million shares, with a public shareholder ownership ratio of no less than 25% post-issuance [2]. Shareholding Structure - The major shareholders, Dong Guoliang and Zhao Sulan, hold a combined 71.99% of the company's shares, with Dong Guoliang directly owning 63.15% and Zhao Sulan 8.84% [1]. - The couple, being the actual controllers, can significantly influence the company's decisions [2]. Fundraising and Use of Proceeds - The company aims to raise approximately 175.02 million yuan, which will be allocated to various projects including technological upgrades and new production lines for refractory materials [3]. Regulatory Inquiries - The review committee raised questions regarding the authenticity of the company's financial performance, particularly concerning profit growth and accounts receivable management [4]. - The company is also required to clarify its profitability forecasts in light of customer changes and industry trends [5].

Core Viewpoint - Shaanxi Tourism Cultural Industry Co., Ltd. has passed the IPO review by the Shanghai Stock Exchange, marking it as the 70th company approved for listing this year, with a focus on leveraging high-quality tourism resources for enhanced visitor experiences [1][2]. Group 1: Company Overview - Shaanxi Tourism integrates various tourism-related services, including performance, cable cars, dining, and project investment and management, capitalizing on resources like Huaqing Palace and Huashan Mountain [1]. - The controlling shareholder of Shaanxi Tourism is Shaanxi Tourism Group Co., Ltd., which holds 47.59% of the shares directly and an additional 6.69% indirectly through Shaanxi Tourism Development Co., Ltd. [2]. Group 2: IPO Details - The company plans to publicly issue up to 19.333334 million shares on the Shanghai Stock Exchange, representing no less than 25% of the total share capital post-issuance [2]. - The IPO aims to raise approximately 1.5551279 billion yuan, which will be allocated to several projects, including the construction of the Taishan Xiucheng Phase II project and the expansion of cable car services at Shaohua Mountain National Forest Park [2]. Group 3: Market and Performance Inquiry - The listing committee raised inquiries regarding the sustainability of the company's products and revenue, the stability of its operating performance, and the adequacy of risk disclosures related to its key projects, including the "Chang Hen Ge" performance and cable car operations [3]. - Questions were also posed about the operational metrics such as attendance rates and profit margins for the Taishan Xiucheng Phase I project, assessing the rationale for further investment in the Phase II project [3].

Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange, marking it as the 69th company approved for listing this year [1]. Company Overview - Zhixin Co. specializes in the development, processing, production, and sales of automotive welding parts and related molds [1]. - The company has not experienced significant changes in its main business since its establishment [1]. Shareholding Structure - As of the signing date of the prospectus, Chongqing Zhixin Yanshu Management Consulting Co., Ltd. holds 37.07% of the shares directly and controls an additional 18.87% indirectly, totaling 55.94% [1]. - The actual controllers of the company are Chen Zhiyu and Jing Bing, who are spouses, holding a combined 27.80% of the total share capital directly and controlling 83.75% of the voting rights [2]. IPO Details - Zhixin Co. plans to list on the main board of the Shanghai Stock Exchange, with a public offering of no more than 56.67 million shares, accounting for at least 25% of the post-issue share capital [2]. - The company aims to raise approximately 1.33 billion yuan (132,948.85 million yuan) for capacity expansion and technological upgrades of welding production lines, as well as to supplement working capital [2][3]. Fund Allocation - The total investment for the projects funded by the IPO proceeds is 132.95 million yuan, which includes: - 102.95 million yuan for expanding welding production capacity and technological upgrades [3]. - 30 million yuan for supplementing working capital [3]. Market Position and Competition - The company was questioned during the listing committee meeting regarding its market competition, product advantages, and sustainability of revenue growth [4]. - Concerns were raised about the potential risks of declining gross margins and the company's adaptability to downstream customer trends [4]. Customer Relations - The company was also asked to clarify the background and compliance of its pricing adjustments with major customers in 2022 and 2023, ensuring the authenticity and legality of these arrangements [5].

Core Viewpoint - Shandong Qilong Marine Oil Steel Pipe Co., Ltd. has been approved for listing on the Beijing Stock Exchange, marking it as the 68th company to pass the review this year, with a focus on the development, production, and sales of marine drilling riser pipes and related services [1][2]. Company Overview - Shandong Qilong specializes in the research, production, and sales of marine drilling riser pipes, oil and gas long-distance pipeline production, and underwater oil and gas equipment testing services [1]. - The company is controlled by Shengli Longxi (Shandong) Petroleum Engineering Technology Service Co., Ltd., which holds 111,670,000 shares, accounting for 78.66% of the total share capital [1]. IPO Details - The company plans to publicly issue up to 47,320,000 shares, with an option for an overallotment of up to 7,098,000 shares, bringing the total potential issuance to 54,418,000 shares [2]. - The funds raised, totaling 38,188.90 million yuan, will be allocated for land transfer fees, main construction investments, factory renovations, equipment purchases, and working capital [2][3]. Investment Allocation - The investment breakdown for the raised funds is as follows: - Land transfer fees: 1,870.00 million yuan - Main construction and related investments: 10,696.46 million yuan - Factory renovation costs: 434.06 million yuan - Equipment purchase and installation costs: 23,289.00 million yuan - Working capital: 1,899.38 million yuan - Total: 38,188.90 million yuan [3]. Review Meeting Inquiries - The review meeting raised inquiries regarding: 1. The operating conditions of the controlling shareholder, including external borrowings and debt ratios [4]. 2. The stability of customer cooperation and sustainability of business performance, particularly with the largest customer, CNOOC [4].

Core Viewpoint - Suzhou Jiangtian Packaging Technology Co., Ltd. has been approved for listing on the Beijing Stock Exchange, marking it as the 67th company to pass the review this year, with a focus on label printing products and integrated solutions for customers [1][10]. Company Overview - Jiangtian Technology specializes in the research, production, and sales of label printing products, offering customized solutions for printing materials, colors, inks, and process design [1]. - The company's main products include film and paper-based self-adhesive labels, widely used in daily consumer sectors such as beverages, personal care products, food supplements, and petrochemical products [1]. Shareholding Structure - As of the signing date of the prospectus, Teng Qi holds 75.65% of the shares, making her the controlling shareholder, while Huang Yanguo holds 8.83% and is the executive partner of Jiangyue Consulting, which holds 4.22% [2]. - Together, Teng Qi and Huang Yanguo control 88.70% of the voting rights, with Teng serving as the chairperson and Huang as the director and general manager [2]. IPO Details - Jiangtian Technology plans to publicly issue up to 17,618,182 shares to unspecified qualified investors, with public shareholders expected to hold at least 25% of the total share capital post-issue [2]. - The total number of shares issued may increase to a maximum of 20,260,910 shares if the over-allotment option is exercised, which could add up to 2,642,728 shares [2]. - The company aims to raise approximately 530.72 million yuan for the construction of an intelligent production line for packaging printing products and a technology research and development center [2][3]. Investment Projects - The total investment for the intelligent production line project is 503.073 million yuan, while the technology research and development center project requires an investment of 27.6489 million yuan, summing up to a total of 530.7219 million yuan [3]. Review and Inquiry - The review committee raised inquiries regarding the sustainability and stability of the company's performance growth, requesting further clarification on customer relationships, competitive advantages, and pricing power [5].