IPO及再融资上会预告 据交易所官网审核动态信息，本周（9月22日-9月26日）IPO上会审核4家企业，全部获通过，合计拟募资122.33亿元。 本周2家再融资企业上会，全部获通过，合计拟募资8.24亿元。 | 上会日期 数量 | 樂型 | 申报板块 | 公司简称 | 注册地 审核结果 | | 拟募资金额 | 最近一年净利润 | 保荐机构 会计师事务所 律师事务所 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | (万元) | (万元) | | | | | 2025-9-25 | 公开发行 可转债 | 创业板 | 普联软件 | 山东 | 通过 | 24,293.26 | 12,362.43 | 中泰证券 | 致同 | 中伦 | | 2025-9-26 | 公开发行 可转债 | 科创板 | 茂莱光学 | 江苏 | 通过 | 58,125.00 | 3,552.10 | 中争公司 | 公证天业 | 锦天城 | | | | | | | HEADING CONSULTING | | | | | ...

Group 1 - The Beijing Stock Exchange's listing committee approved the IPO of Hangdongguang Communications Technology (Shenzhen) Co., Ltd., marking the 54th company to pass the review this year [1] - Hangdongguang's main business includes the research, production, and sales of passive optical fiber cabling products and related components, operating within the optical communication industry [1][2] - The company plans to issue up to 19.27385 million shares, with a fundraising target of approximately 493.6329 million yuan for various expansion projects and working capital [2] Group 2 - The actual controller of Hangdongguang is Chen Jianwei, who holds significant indirect control over the company through his stakes in Ruifa Trade and Ruichuang Industrial [2] - Chen Jianwei's total indirect shareholding amounts to 45.69%, giving him control over 65.27% of the voting rights, which allows him to influence major company decisions [2] Group 3 - The review meeting raised inquiries regarding the authenticity of the company's operating performance, including the necessity and reasonableness of transactions with AFL, and the reasons behind significant inventory growth [3] - Questions were also posed about the company's R&D expenses, their decreasing trend, and whether the qualifications of core technical personnel align with industry standards [3]

Group 1 - The core point of the article is that Yuanchuang Technology Co., Ltd. successfully passed the listing review by the Shenzhen Stock Exchange on September 19, 2025 [1] Group 2 - Yuanchuang Technology, originally established as Sanmen Tape Factory, initially focused on tape production and gradually expanded into the research and development of new products, including agricultural and engineering rubber tracks [3] - The company specializes in the rubber track sector, gaining recognition from several well-known manufacturers and quality traders both domestically and internationally due to its advanced technology, stable product quality, and excellent service [3] - From 2022 to 2024, Yuanchuang Technology's revenue showed an overall growth trend, with revenues of 1.261 billion, 1.141 billion, and 1.349 billion yuan, and net profits of 137 million, 176 million, and 150 million yuan respectively [3] - The company plans to raise 485 million yuan through its IPO, which will be allocated to production base construction, technology center development, and working capital supplementation [3] - The production base construction project will focus on relocating and expanding the existing capacity for rubber tracks and track plates [3]

Group 1 - The core viewpoint of the news is that Yuanchuang Technology Co., Ltd. has been approved for IPO by the Shenzhen Stock Exchange, marking it as the 51st company to pass the review this year [1] - Yuanchuang Technology specializes in the research, production, and sales of rubber track products, including agricultural and engineering machinery tracks [2] - The company plans to issue up to 19,600,000 shares, raising approximately 48.51 million yuan for projects including production base construction and working capital [2] Group 2 - The main questions raised during the listing committee meeting focused on market competition, order status, pricing mechanisms, and the impact of these factors on the company's revenue and profitability for 2025 [3][4] - The company is required to provide detailed explanations regarding the competitive landscape of the rubber track market and its implications for future earnings [4]

新广益的保荐机构（主承销商）是中信证券股份有限公司，保荐代表人是李锐、王嘉宇。这是中信 证券今年保荐成功的第5单IPO项目。此前，2月21日，中信证券保荐的江苏汉邦科技股份有限公司过 会；4月18日，中信证券保荐的广州瑞立科密汽车电子股份有限公司过会；7月11日，中信证券保荐的北 矿检测技术股份有限公司过会；8月14日，中信证券保荐的西安奕斯伟材料科技股份有限公司过会。 新广益是一家专注于高性能特种功能材料研发、生产及销售的高新技术企业，主要产品有抗溢胶特 种膜、强耐受性特种膜等特种功能材料。 中国经济网北京9月20日讯 深圳证券交易所上市审核委员会2025年第20次审议会议于昨日召开，审 议结果显示，苏州市新广益电子股份有限公司（以下简称"新广益"）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52家企业（其中，上交所和深交所一共过会30家，北交所过会22家）。 无 2025年上交所深交所IPO过会企业一览： | 序号 | 公司名称 | 上会日期 | 拟上市地点 | 保荐机构 | | --- | --- | --- | --- | --- | | 1 | 马可波罗控股股份有限 | 2025/1/1 ...

Core Viewpoint - China Uranium Industry Co., Ltd. has been approved for its initial public offering (IPO) on the Shenzhen Stock Exchange, marking it as the 48th company to pass the review this year [1][2]. Company Overview - China Uranium is focused on the comprehensive utilization of natural uranium and radioactive associated mineral resources, primarily engaged in the mining, sales, and trade of natural uranium resources, as well as the comprehensive utilization and sales of products like monazite and uranium-molybdenum [1]. Shareholding Structure - As of the signing date of the prospectus, China National Nuclear Corporation holds 1,197,043,120 shares of China Uranium, representing a 65.77% stake, making it the controlling shareholder [2]. - The actual controller of China Uranium is China National Nuclear Corporation, which indirectly controls 79.48% of the shares through various subsidiaries and partnerships [2]. IPO Details - China Uranium plans to publicly issue no less than 202,222,223 shares and no more than 321,176,470 shares on the Shenzhen Stock Exchange, accounting for 10% to 15% of the post-issue share capital [2]. - The company aims to raise 4.11 billion yuan, which will be allocated to natural uranium capacity projects, comprehensive utilization projects of radioactive associated mineral resources, and to supplement working capital [2]. Regulatory Review - During the listing committee meeting, key inquiries were made regarding the future price trends of natural uranium, the stability of major customers and suppliers, and the impact of these factors on revenue composition and gross margin trends [2].

Group 1 - Jiangsu Xihua New Energy Technology Co., Ltd. (Xihua Technology) has been approved for its initial public offering (IPO) by the Shanghai Stock Exchange, marking it as the 47th company approved this year [1] - The lead underwriter for Xihua Technology's IPO is Guotai Junan Securities Co., Ltd., which has successfully sponsored nine IPO projects this year [1][2] - Xihua Technology plans to issue up to 120 million shares, representing no less than 10% and no more than 25% of the total share capital after the issuance [2] Group 2 - Xihua Technology primarily engages in the research, development, manufacturing, and sales of specialized components for large high-end equipment, focusing on wind power gearbox components [2] - As of the signing date of the prospectus, Jiangsu Xihua Investment Co., Ltd. holds 77.98% of Xihua Technology's shares, making it the controlling shareholder [2] - The company aims to raise approximately 149.78 million yuan for projects related to the industrialization of core wind power equipment and the construction of a research and development center [3] Group 3 - The listing committee raised questions regarding the alignment of Xihua Technology's wind power product sales with the bidding quantities of Chinese wind turbine manufacturers, as well as the necessity and rationality of the new production capacity from the fundraising projects [4] - There are concerns about potential risks related to capacity digestion and significant depreciation affecting performance, which need to be adequately addressed [4]

Core Viewpoint - Xiamen Hengkang New Materials Technology Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange, marking it as the 45th company to receive approval this year [1]. Company Overview - Hengkang New Materials focuses on the research and industrial application of key materials in the integrated circuit field, being one of the few domestic companies capable of developing and mass-producing 12-inch integrated circuit wafer manufacturing materials [1]. - The company primarily engages in the research, production, and sales of photoresist materials and precursor materials [1]. IPO Details - The company plans to publicly issue no more than 67,397,940 shares, which represents up to 15% of the total share capital after issuance, with a minimum of 10% [2]. - The total fundraising target is 1,006.695 million yuan, aimed at funding the second phase of the integrated circuit precursor project and advanced materials for integrated circuits [3]. Underwriting Information - The lead underwriter for the IPO is CITIC Securities Co., Ltd., marking the fifth successful IPO project for CITIC Securities this year [1]. Shareholding Structure - The actual controller of Hengkang New Materials is Yi Rongkun, who directly holds 19.52% of the voting rights and controls an additional 21.35% through various agreements, totaling 40.87% [2].

Core Viewpoint - Jiangsu Jingchuang Electric Co., Ltd. has met the listing conditions and information disclosure requirements as per the Beijing Stock Exchange's review, but has faced inquiries regarding revenue authenticity, performance sustainability, and R&D capabilities [1][2]. Financial Performance - For the first half of the year, the company reported an operating income of 249 million yuan, a year-on-year increase of 6.83%, and a net profit attributable to shareholders of 28.34 million yuan, up 0.58% from the previous year [2]. - The net profit after deducting non-recurring gains and losses was 28.21 million yuan, reflecting a growth of 16.13% year-on-year [2]. Revenue Recognition Concerns - The Beijing Stock Exchange has raised questions about the company's revenue recognition methods, particularly regarding the reconciliation cycle with clients and compliance with accounting standards [2][3]. - The second round of inquiries focused on the data obtained from third-party platforms and the verification of financial data's authenticity and accuracy [3]. Land Use Issues - The company has been found to have previously used educational land for industrial production, raising concerns about compliance with land management laws [4]. - Jingchuang Electric has acknowledged this issue but believes the risk of penalties is low due to completed land use changes [4]. Governance Structure - The company exhibits a "family-style" governance issue, with the largest shareholder and their family members holding 79.7% of the shares, potentially impacting governance effectiveness and minority shareholder interests [5]. Fundraising Adjustments - The company initially planned to raise 250 million yuan through the issuance of 14.463 million new shares but has since reduced the fundraising target to 175 million yuan, a decrease of 30% [6][7]. - The investment in the "core production line intelligent upgrade" project has also been reduced from 130 million yuan to 110 million yuan, and the "marketing network construction" project has been removed from the fundraising plan [7].

Core Viewpoint - Harbin Itada Dapeng Industrial Co., Ltd. has successfully passed the listing review by the Beijing Stock Exchange after multiple attempts to go public, raising questions about the sustainability and authenticity of its financial performance [1][2]. Group 1: IPO Attempts and Review Process - Dapeng Industrial previously attempted an IPO on the ChiNext board in 2020 but withdrew its application in August 2021 after responding to the first round of inquiries [2]. - The company submitted its application to the Beijing Stock Exchange in November 2023, which was accepted after two rounds of inquiries and several suspensions [2]. - Despite passing the review, the listing committee requested Dapeng Industrial to analyze and explain the necessity and reasonableness of a 25 million yuan capital increase for liquidity [2]. Group 2: Shareholder Changes and Business Operations - The original controlling shareholder, Island Kenichi, withdrew from the company in 2014 due to personal reasons and the inability to find a successor within the family [2][3]. - Island Chemical, the former controlling shareholder, transferred its 70% stake in Dapeng Limited to Li Pengtang's spouse for 35 million yuan, receiving only 17.84 million yuan in foreign currency [3]. - After the exit, Island Chemical ceased to participate in Dapeng Industrial's operations and no longer held any shares or control over the company [3]. Group 3: Revenue and Business Challenges - Dapeng Industrial's overseas revenue peaked in 2019 but has since declined, with zero overseas revenue reported in 2023 [4][5]. - The company had significant transactions with Island Chemical from 2020 to 2022, with amounts of 22.32 million yuan, 21.46 million yuan, and 20.91 million yuan, respectively, showing a downward trend [4]. - The company attributed the decline in orders to various factors, including limited overseas market expansion and currency depreciation, leading to the termination of its partnership with the Island family [5]. Group 4: Future Outlook and Strategic Focus - Dapeng Industrial claims that if successfully listed, it will enhance its financial strength, production capacity, and risk tolerance, which will support its overseas business expansion [6]. - The company plans to focus on serving domestic major clients and expanding its machine vision detection equipment business, with lower priority on overseas business development [5].