（一）公司基本情况 全称：爱迪特（秦皇岛）科技股份有限公司 简称：爱迪特 代码：301580.SZ IPO申报日期：2022年4月7日 上市日期：2024年6月26日 IPO保荐机构：中信建投证券 保荐代表人：张铁、周俊峰 IPO承销商：中信建投证券 IPO律师：北京市中伦律师事务所 IPO审计机构：容诚会计师事务所（特殊普通合伙） 上市板块：深证创业板 所属行业：专用设备制造业 （二）执业评价情况 （1）信披情况： 被要求说明是否符合创业板的定位；被要求补充披露美国 FDA 认证的签发日期和有效期限；被要求修 正申报系统中关于"未穿透股东信息"的填报情况；被要求说明国际贸易摩擦对发行人原材料采购以及产 品销售的影响的披露是否充分。 （2）监管处罚情况：不扣分 （3）舆论监督：不扣分 （4）上市周期：扣分 2024年度已上市A股企业从申报到上市的平均天数为629.45天，爱迪特的上市周期是811天，高于整体均 值。 （5）是否多次申报：不属于，不扣分。 （6）发行费用及发行费用率 爱迪特的承销及保荐费用为6329.74万元，承销保荐佣金率7.40%，低于整体平均数7.71% 。 （7）上市首日表现 上市首日股 ...

Company Overview - The full name of the company is China International Cargo Airlines Co., Ltd, abbreviated as Guohang, with the stock code 001391.SZ [1] - The IPO application date is January 6, 2023, and the listing date is December 30, 2024, on the Shenzhen Main Board [1] - The company operates in the air transportation industry, with CITIC Securities as the IPO sponsor and underwriter [1] Regulatory and Performance Evaluation - The company has been required to enhance disclosures in the prospectus regarding potential competition and revenue recognition in cargo operations [1] - The average listing period for A-share companies in 2024 is 629.45 days, while Guohang's listing period is 724 days, which is above the average [2] - The underwriting and sponsorship fees amount to 28.727 million yuan, with a commission rate of 0.82%, significantly lower than the average of 7.71% [3] Market Performance - On the first day of trading, the stock price increased by 304.35% compared to the issue price [3] - Over the first three months post-listing, the stock price rose by 192.17% from the issue price [4] Financial Metrics - The company's issue price-to-earnings (P/E) ratio is 25.99, which is 61.37% of the industry average of 42.35 [5] - The expected fundraising amount is 3.557 billion yuan, with actual fundraising at 3.495 billion yuan, indicating a decrease of 1.76% [6] Short-term Performance - In 2024, the company's operating revenue increased by 37.97% year-on-year, while net profit attributable to shareholders grew by 69.34%, and non-recurring net profit increased by 79.29% [7] - The abandonment rate for the IPO is 0.17% [7] Overall Assessment - The total score for Guohang's IPO project is 86, classified as B-level, with negative factors including the need for improved disclosure quality and the decrease in actual fundraising [7]

Company Overview - Full name: Wuxi Dingbang Heat Exchange Equipment Co., Ltd [1] - Abbreviation: Wuxi Dingbang [1] - Stock code: 872931.BJ [1] - IPO application date: June 30, 2023 [1] - Listing date: April 8, 2024 [1] - Listing board: Beijing Stock Exchange [1] - Industry: Specialized Equipment Manufacturing [1] - IPO sponsor: Dongwu Securities [1] - Lead underwriters: Dongwu Securities [1] - Legal advisor: Jiangsu Xinsu Law Firm [1] - Audit firm: Zhongxinghua Accounting Firm (Special General Partnership) [1] Regulatory and Compliance - Disclosure issues: Required to disclose risks related to project implementation, fixed asset depreciation, and sales data for specific products [2][3] - Regulatory penalties: Received a verbal warning from the National Equities Exchange and Quotations for failing to disclose external guarantees and loan transfer matters [2] - Public opinion supervision: No deductions [3] - Listing cycle: Listed in 283 days, shorter than the average of 629.45 days for 2024 A-share listings [3] - Multiple applications: Not applicable, no deductions [3] Financial Performance - Underwriting fees: Total underwriting and sponsorship fees amounted to 12.809 million yuan, with a commission rate of 7.19%, lower than the average of 7.71% [4] - First-day performance: Stock price increased by 64.52% on the first day of listing [5] - Three-month performance: Stock price increased by 20.67% compared to the issue price [6] - Issuance P/E ratio: Issued at a P/E ratio of 14.58, significantly lower than the industry average of 26.57, representing 54.87% of the industry average [7] - Actual fundraising: Expected to raise 222 million yuan, but actual fundraising was 178 million yuan, a decrease of 19.74% [8] - Short-term performance post-listing: In 2024, revenue decreased by 8.55% year-on-year, net profit attributable to shareholders decreased by 16.79%, and non-recurring net profit decreased by 16.60% [8] Overall Assessment - Total score: Wuxi Dingbang's IPO project scored 84 points, classified as B-level [9] - Negative factors affecting score: Disclosure quality needs improvement, regulatory penalties for disclosure violations, reduced actual fundraising, and declines in revenue and profit in the first accounting year [9]

Company Overview - Company Name: Zhejiang Taihu Yuanda New Materials Co., Ltd [1] - Abbreviation: Taihu Yuanda [1] - Stock Code: 920118.BJ [1] - IPO Application Date: November 30, 2023 [1] - Listing Date: August 22, 2024 [1] - Listing Board: Beijing Stock Exchange [1] - Industry: Rubber and Plastic Products [1] - IPO Sponsor: China Merchants Securities [1] - Lead Underwriters: Peng Yong, Yan Kun [1] - Legal Advisor: Beijing Dacheng Law Offices [1] - Audit Firm: Notarization Tianye Accounting Firm [1] Disclosure and Evaluation - Disclosure Issues: The company was asked to clarify its compliance with the market positioning of the Beijing Stock Exchange and to adequately disclose related risks [1]. It was also required to explain the reasons for the unaudited financial data of its subsidiary and whether the financial data is accurate and complete [1]. Additionally, the company needed to justify the selection of comparable companies and the rationale behind its expense ratios compared to industry peers [1]. - Regulatory Penalties: No penalties were imposed [2]. - Public Supervision: No deductions were made for public supervision [2]. - Listing Cycle: The average time from application to listing for A-share companies in 2024 is 629.45 days, while Taihu Yuanda's listing cycle is 266 days, which is below the average [2]. Financial Metrics - Issuance Costs: The underwriting and sponsorship fees amount to 12.36 million yuan, with a commission rate of 9.96%, higher than the average of 7.71% [3]. - Initial Listing Performance: The stock price increased by 36.06% on the first day of listing [4]. - Three-Month Performance: The stock price rose by 73.76% compared to the issuance price within three months of listing [5]. - Issuance Price-Earnings Ratio: The issuance P/E ratio is 12.06 times, which is 60.57% of the industry average of 19.91 times [6]. - Actual Fundraising: The expected fundraising amount is 146 million yuan, while the actual amount raised is 124 million yuan, reflecting a decrease of 15.03% [7]. Post-Listing Performance - Short-Term Financial Performance: In 2024, the company's operating revenue increased by 4.64% year-on-year, while the net profit attributable to shareholders decreased by 8.97%, and the net profit excluding non-recurring gains and losses dropped by 12.71% year-on-year [8]. Overall Assessment - Total Score: Taihu Yuanda's IPO project received a total score of 85.5, classified as Grade B [9]. Negative factors affecting the score include the need for improved disclosure quality, high issuance costs, reduced actual fundraising, and declines in net profit in the first accounting year [9]. This indicates that the company's short-term profitability and disclosure quality require attention [9].

Core Viewpoint - The company, Tongguan Mining Construction Co., Ltd., is set to go public on October 11, 2024, on the Beijing Stock Exchange, with a total score of 89.5, classified as B-level, indicating good short-term profitability but concerns regarding information disclosure quality [3][29]. Company Basic Information - Full Name: Tongguan Mining Construction Co., Ltd. [22] - IPO Application Date: June 29, 2023 [22] - Listing Date: October 11, 2024 [22] - Industry: Civil Engineering and Construction [22] - Underwriters: Tianfeng Securities and Guoxin Securities [22] - Legal Advisor: Beijing Hairun Tianrui Law Firm [22] - Audit Firm: Rongcheng Accounting Firm (Special General Partnership) [22] Performance Evaluation - The company was required to enhance disclosures regarding the impact of new fixed asset depreciation on future performance and to clarify risks associated with underperforming fundraising projects [5][22]. - The average time from application to listing for A-share companies in 2024 is 629.45 days, while Tongguan's listing cycle is 470 days, which is below the average [6][22]. Financial Metrics - The underwriting and sponsorship fees for Tongguan Mining are 15.47 million yuan, with a commission rate of 6.13%, lower than the average of 7.71% [8][23]. - The company's issuance price-earnings ratio is 15.48 times, compared to the industry average of 19.24 times, representing 80.46% of the industry average [14][27]. - Expected fundraising is 283 million yuan, while the actual amount raised is 252 million yuan, indicating a decrease of 10.70% [16][28]. Short-term Performance - In 2024, the company's operating revenue increased by 19.87% year-on-year, with net profit attributable to shareholders rising by 8.26% and non-recurring net profit increasing by 7.37% [18][28]. - On the first day of listing, the stock price rose by 731.41% compared to the issue price [10][25]. - After three months of listing, the stock price increased by 346.88% compared to the issue price [12][26].