作者：杨溪 出品：洞察IPO 8月18日-8月24日，上交所有1家公司终止上市审核，深交所无公司终止上市审核。 | 数据来源：公开信息；图 | | --- | 表制作：洞察IPO 上交所&深交所 新 股 上 市 8月18日-8月24日，上交所、深交所均无公司上市。 通过上市委员会审议会议 8月18日-8月24日，上交所、深交所均无公司过会。 递交上市申请 8月18日-8月24日，上交所、深交所均无公司递交上市申请。 终止上市审核 1.福建德尔：国内能够同时制备氟化工基础材料、含氟特种气体、新能源锂电材料和半导体湿电子化学品的电子专用材料制造高科技企业。 港交所 新 股 上 市 8月18日-8月24日，港交所有1家公司上市。 | 数据来源：公开信息；图表制作：洞察 | | --- | IPO 1.天岳先进：是一家专注于碳化硅单晶衬底材料研发、生产和销售的科技型企业。上市首日股价收涨6.40%，截至8月25日收报45港元/股，较发行价42.8港 元/股涨5.14%，市值约329亿港元。 新 股 招 股 8月18日-8月24日，港交所有2家公司新股招股，其中1家于当周完成招股。 | | | 1.双登股份：是一家储能 ...

8月18日，立讯精密工业股份有限公司（简称"立讯精密"）向港交所递交H股发行上市申请，联席保荐人为中信证券、高盛、中金公司。 | 证券代码:002475 | 证券简称:立讯精密 | 公告编号:2025-119 | | --- | --- | --- | | 债券代码: 128136 | 债券简称: 立讯转债 | | 来源：公司公告 立讯精密于2010年9月在深交所上市，对于此次港股IPO募集资金用途，立讯精密称，将用于扩充公司产能及升级公司现有生产基地；投资技术研 发，完善公司的制造流程及提高公司的智能制造能力等。 业绩持续增长 招股书显示，立讯精密是一家全球领先的精密智造创新科技公司，致力于为消费电子、汽车电子、通信与数据中心和其他领域的全球客户，提供 从精密零部件、模块到系统的跨领域垂直一体化开发与智造解决方案。公司产品广泛应用于各类场景，例如以2024年销量计算，全球平均每两部 智能手机、每三部智能可穿戴设备、每五部智能汽车中，就有一部使用公司的产品。 立讯精密表示，公司已构建覆盖全球的研发、生产、销售、售后、物流等业务配套体系，截至今年7月31日，公司在29个国家及地区拥有105个生 产基地、28个自 ...

8月22日，宁波利安科技（300784）股份有限公司(股票简称：利安科技股票代码：300784)发布了2025 年半年度报告，上半年公司实现营业收入2.50亿元，同比增长0.04%；归属于上市公司股东的净利润 3109.70万元，同比增长1.14%；归属于上市公司股东的扣除非经常性损益的净利润2851.48万元，同比 增长7.91%。公司拟向全体股东每10股派发现金红利2.00元(含税)，合计派发现金股利1124.75万元(含 税)，不送红股，不以资本公积金转增股本。 利安科技主要从事注塑产品以及精密注塑模具的研发、生产和销售，是集产品工业设计、精密模具设 计、制造、注塑、喷涂以及组装等于一体的专业精密制造企业。公司主营业务由注塑产品和精密注塑模 具构成，主要产品广泛应用于消费电子、玩具日用品、汽车配件和医疗器械等领域。公司秉承"技术创 造价值、技术引领市场"的经营理念，本着"团结、创新、实效、精进"的企业精神，依托在注塑产品及 精密注塑模具设计、加工、装配、检测等方面积累的技术和经验，已发展成为规模化的"模塑一体化"生 产企业。 自创立以来，利安科技通过多年的努力，以良好稳定的产品品质及创新设计能力，逐渐积 ...

Core Viewpoint - The company has made significant investments in land and projects to enhance its operational capabilities and expand its market presence, including a new project in Vietnam and a stock incentive plan to attract talent [5][6][8]. Group 1: Company Overview - The company is named Zhejiang Xiasha Precision Manufacturing Co., Ltd. and has undergone changes in its registered capital due to the completion of its stock incentive plan [7][8]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5]. Group 2: Financial and Investment Activities - The company plans to invest up to 1 billion RMB in a project for the industrialization of core components for intelligent transmission systems, with funding sources including self-owned funds and bank loans [5]. - The company has successfully acquired land in Ningbo for 80.29 million RMB for its new project [5]. - A new investment project in Vietnam aims to produce 1 million sets of precision transmission structure products, with an investment cap of 1.5 million USD [6]. Group 3: Stock Incentive Plan - The company has approved the grant of 850,600 restricted stocks to 107 incentive targets, with the grant date set for July 9, 2025 [6][8]. - The registered capital has been adjusted from 62 million RMB to 62.85 million RMB following the completion of the stock incentive plan [8].

Core Viewpoint - Luxshare Precision's progress towards listing on the Hong Kong Stock Exchange (HKEX) is advancing, with the company submitting its application for H-share issuance on August 18, 2025 [1] Group 1: Company Overview - Luxshare Precision is a leading global precision manufacturing and innovative technology company, providing integrated development from precision components to systems across various fields including consumer electronics, automotive electronics, and data centers [1] - The company has a significant reliance on a single customer, with revenue from its largest client accounting for 73.3%, 75.2%, and 70.7% of total revenue in 2022, 2023, and 2024 respectively [1] Group 2: Fundraising and Utilization - The net proceeds from the IPO will primarily be used for expanding and upgrading existing production bases, particularly for global capacity expansion in automotive and consumer electronics [1] - Investment in technology research and development, as well as improving manufacturing processes, is also a key focus for the use of raised funds [1] Group 3: Business Growth - The compound annual growth rate (CAGR) of Luxshare Precision's automotive electronics business is projected to reach 49.6% from 2022 to 2024, with expected revenue of 13.8 billion yuan in 2024, accounting for 5.1% of total revenue [1] - In the first quarter of 2025, the revenue growth rate for this business segment is expected to be significant [1] Group 4: Global Expansion - Luxshare Precision has established manufacturing bases in various countries including China, Vietnam, Thailand, Indonesia, Malaysia, Romania, Morocco, India, Mexico, and Germany, indicating a broad global capacity layout [1] - In China, the company has set up manufacturing bases in multiple provinces, effectively integrating local industrial resources and high-quality talent [1]

Core Viewpoint - Recently, Xibeicheng (Shanghai) Precision Manufacturing Co., Ltd. was established with a registered capital of 100,000 RMB, indicating a new player in the precision manufacturing sector in China [1] Company Summary - The legal representative of the company is Deng Liping, which may suggest a leadership structure focused on innovation and development in the manufacturing industry [1] - The company's business scope includes manufacturing electronic components and electromechanical assemblies, indicating a focus on high-tech and precision engineering [1] - Additional activities include processing mechanical parts, mold manufacturing, and production of plastic and metal products, showcasing a diverse manufacturing capability [1] - The company is also involved in the sale of various products including machinery, instruments, and electronic equipment, which may enhance its market reach and revenue potential [1] - The company offers technical services, development, consulting, and technology transfer, indicating a commitment to innovation and customer support [1]

Group 1 - The core viewpoint of the report is that Jingyan Technology is well-positioned to benefit from the growth in the foldable screen and cooling business sectors, leading to a "buy" rating [1][6] - Jingyan Technology specializes in Metal Injection Molding (MIM) technology, with applications in consumer electronics, automotive, and smart home sectors, and has established a strong client base including major brands like Apple, Samsung, and Google [2][3] - The company has been recognized as a "National Manufacturing Single Champion Demonstration Enterprise" by the Ministry of Industry and Information Technology in 2021, highlighting its industry leadership in production capacity, revenue scale, product quality, and service [2] Group 2 - The foldable smartphone market is projected to reach 19.8 million units by 2025, with a market penetration rate of approximately 1.6%, indicating a stable growth outlook despite a slowdown in growth rates compared to previous years [3] - Jingyan Technology is involved in the foldable screen sector through its MIM components for foldable screen hinges and assembly services, positioning itself to capitalize on the anticipated market growth driven by Apple's entry into the foldable smartphone market [3] - The cooling market for data centers is expected to reach $16.87 billion by 2028, with a compound annual growth rate (CAGR) of 18.4%, driven by AI computing and high-density equipment demands [4] Group 3 - The company is actively developing new products and projects in the cooling sector, focusing on liquid cooling solutions which are expected to increase in market penetration from 17% in 2024 to 33% by 2028 [4] - Jingyan Technology is enhancing its product offerings by integrating advanced materials and 3D printing technology, which improves the performance of its cooling products [4] - Revenue forecasts for Jingyan Technology are projected to reach 2.616 billion yuan, 3.264 billion yuan, and 3.921 billion yuan for the years 2025, 2026, and 2027 respectively, with corresponding price-to-earnings ratios of 40.23, 24.66, and 19.93 [6]

Core Viewpoint - Zhaoqing Kesen Precision Manufacturing Co., Ltd. has been established with a registered capital of 300,000 RMB, indicating a new player in the manufacturing sector focusing on various products including hardware, sanitary ware, and smart home devices [1] Company Summary - The registered capital of Zhaoqing Kesen Precision Manufacturing Co., Ltd. is 300,000 RMB [1] - The company operates in multiple manufacturing sectors including hardware products, sanitary ware, and home appliances [1] - The company is involved in both manufacturing and sales of its products, which include glass fiber products and smart home consumer devices [1] Industry Summary - The company’s business scope includes the manufacturing and sales of hardware products, sanitary ware, glass fiber products, home appliances, and furniture [1] - The company also engages in research and development activities for its product lines, indicating a focus on innovation [1] - The establishment of this company reflects ongoing growth and diversification in the manufacturing industry, particularly in smart home technology and artificial intelligence applications [1]

天眼查App显示，近日，马工精密制造（上海）有限公司成立，法定代表人为马奔，注册资本100万人 民币，经营范围为一般项目：模具制造；机械零件、零部件加工；五金产品制造；金属工具制造；金属 材料制造；金属切削加工服务；模具销售；机械零件、零部件销售；金属制品销售；五金产品批发；五 金产品零售；机械设备销售；电力电子元器件销售；橡胶制品销售；塑料制品销售；包装材料及制品销 售；纸制品销售；货物进出口；技术进出口；技术服务、技术开发、技术咨询、技术交流、技术转让、 技术推广；专业设计服务；通用设备修理；专用设备修理。（除依法须经批准的项目外，凭营业执照依 法自主开展经营活动）。 ...

Group 1 - Shenzhen Pengchuang Precision Manufacturing Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Kong Lingyin [1] - The business scope includes retail of hardware products, sales of mechanical parts and components, manufacturing of general parts, sales of fasteners, manufacturing and sales of engineering plastics and synthetic resins, plastic surface treatment, and manufacturing of hardware products [1]