Core Viewpoint - Crown New Materials Technology Co., Ltd. has received approval for its IPO on the Shenzhen Stock Exchange, with a focus on functional new materials and a wide range of applications across various industries [2][3]. Company Overview - Crown New Materials specializes in the research, production, and sales of industrial-grade adhesives, electronic-grade adhesives, and functional film materials, positioning itself as a high-tech enterprise [2]. - The company's products are utilized in numerous well-known brands, including OPPO, vivo, Huawei, Apple, Google, Amazon, BYD, Tesla, and others [2]. Financial Summary - The total investment for the IPO is approximately 10.32 billion, with 9.2 billion intended for expansion projects and working capital [3]. - Revenue figures for the years 2022 to 2025 are projected to be 2.567 billion, 2.895 billion, 3.159 billion, and 1.592 billion respectively, with net profits of 206 million, 278 million, 302 million, and 155 million [5]. - The company’s total assets are expected to grow from 2.303 billion in 2022 to 3.560 billion by mid-2025, while the debt-to-asset ratio is projected to decrease from 43.76% in 2022 to 37.41% by mid-2025 [4]. Subsidiary Performance - As of the date of the prospectus, Crown New Materials has eight wholly-owned subsidiaries, with only two subsidiaries, Jiangsu Crown and Guangdong Crown, reporting profits in the first half of the year [6].

Core Viewpoint - Crown New Materials Technology Co., Ltd. has received approval for its IPO on the Shenzhen Stock Exchange, focusing on functional new materials and serving various industries including electronics and automotive [3]. Company Overview - Crown New Materials specializes in the research, production, and sales of industrial-grade adhesives, electronic-grade adhesives, and functional film materials [3]. - The company's products are widely used in sectors such as light industry, home appliances, automotive manufacturing, new energy batteries, consumer electronics, smart IoT, and semiconductors [3]. Clientele - The company's products are applied in well-known brands including OPPO, vivo, Huawei, Apple, Google, Amazon, BYD, Tesla, CATL, Guoxuan High-Tech, Zhongchuang Xinhang, Gree, Galanz, and Deli [3]. Financial Performance - The total assets of the company have increased from 2.30 billion yuan in 2022 to 3.56 billion yuan in 2025 [4]. - The net profit attributable to the parent company has grown from 205.50 million yuan in 2022 to 154.99 million yuan in the first half of 2025 [5]. - The operating revenue has shown a steady increase from 2.57 billion yuan in 2022 to 3.15 billion yuan in 2024, with 1.59 billion yuan reported for the first half of 2025 [5]. Shareholding Structure - The company does not have a controlling shareholder, with the actual control held by siblings Mai Huiquan and Mai Huixia, who collectively control 87.17% of the shares [6]. Management Background - Mai Huiquan, born in August 1964, has extensive experience in the adhesive industry, having held various managerial positions since 1981 [7][8]. - Mai Huixia, born in June 1962, also has a strong background in management within the same industry, serving in multiple roles since 1979 [9].

Group 1 - The core viewpoint of the news highlights the financial performance and market activity of Dao Sheng Tian He, including stock price changes and financing details [1][2] - On December 1, Dao Sheng Tian He experienced a stock price increase of 1.24%, with a trading volume of 119 million yuan [1] - The financing data for December 1 indicates a financing buy-in amount of 10.89 million yuan and a net financing buy of 939,100 yuan, with a total financing and securities balance of 181 million yuan [1] - The current financing balance of 181 million yuan accounts for 8.29% of the circulating market value [1] Group 2 - As of October 17, the number of shareholders for Dao Sheng Tian He reached 151,200, reflecting a significant increase of 840,111.11% [2] - For the period from January to September 2025, Dao Sheng Tian He reported a revenue of 2.698 billion yuan and a net profit attributable to shareholders of 153 million yuan, marking a year-on-year growth of 56.89% [2] - Since its A-share listing, Dao Sheng Tian He has distributed a total of 98.91 million yuan in dividends [3]

天眼查App显示，近日，安徽省九恒新材料科技有限公司成立，法定代表人为陈瑶，注册资本500万人 民币，经营范围为一般项目：新材料技术研发；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广；新材料技术推广服务；合成材料销售；金属材料销售；科技中介服务；建筑材料销售； 轻质建筑材料销售；涂料销售（不含危险化学品）；机械设备租赁；机械设备销售；密封件销售；建筑 装饰材料销售；工程塑料及合成树脂销售；工程管理服务；园林绿化工程施工；土石方工程施工；进出 口代理；货物进出口；国内贸易代理；日用杂品销售；户外用品销售；塑胶表面处理；橡胶制品销售； 密封用填料销售；生态环境材料销售；隔热和隔音材料销售；保温材料销售；耐火材料销售；合成纤维 销售；高品质合成橡胶销售；劳务服务（不含劳务派遣）；信息技术咨询服务；专业设计服务；工程技 术服务（规划管理、勘察、设计、监理除外）；城市绿化管理；体育场地设施工程施工；建筑物清洁服 务；专业保洁、清洗、消毒服务；环境应急治理服务；对外承包工程（除许可业务外，可自主依法经营 法律法规非禁止或限制的项目）许可项目：建设工程施工；建筑劳务分包；住宅室内装饰装修（依法须 经批准的项 ...

Core Insights - Mengzhou City is implementing the "345" innovation action to integrate technological and industrial innovation, focusing on traditional industries like equipment and leather manufacturing while also promoting emerging sectors such as electronic information and biomedicine [1][2] Group 1: Industry Development - The newly launched CBN tool production line at Henan Lerui Chuangzhi Tool Co., Ltd. demonstrates rapid development, with only 9 months from signing to production, showcasing the "Mengzhou speed" in facilitating business growth [1] - Mengzhou is recognized as one of China's top 100 industrial counties and a pilot city for private economy demonstration in Henan Province, emphasizing its robust industrial layout [1] - The Central Plains Neipei Group's intelligent workshop produces over 50 million engine cylinder sleeves annually, holding a 65% domestic market share and 15% global share, supplying major international car manufacturers [1] - Longfeng Leather Co., Ltd. processes 50 million imported sheep skins annually, accounting for 40% of global raw material procurement, establishing a complete industrial chain from raw skin import to high-end product manufacturing [2] - The green chemical industry in Mengzhou produces 1.5 million tons of alcohol annually, representing 20% of the national output, and has a resource utilization rate exceeding 98% [2] - Guangji Pharmaceutical produces 3,500 tons of riboflavin (Vitamin B2) annually, capturing 70% of the global market share [2] Group 2: Business Environment - The local government has implemented various supportive measures to enhance the business environment, significantly boosting investor confidence [2] - The "Yuanmeng Help" team at the Mengzhou Government Service Center consists of 82 professionals dedicated to streamlining administrative processes for businesses [2][3] - The efficiency of administrative processes has improved, with the time for joint utility applications reduced by over 80%, and business registration now completed in 0.5 working days for 12 items [3] - Mengzhou has consistently ranked among the top in provincial evaluations of the business environment for three consecutive years [3] Group 3: Future Goals - Mengzhou aims to build a modern industrial system, focusing on "two highs and four efforts" and the "1+2+4+N" target task system, while continuing to strengthen its industrial base and optimize the business environment [3]

Core Insights - The article highlights the emerging trend of foreign investment in China's technology sector, particularly focusing on eight "dark horse" companies that have attracted significant foreign capital due to their alignment with national policies and strong R&D capabilities [1][3][7] Group 1: Foreign Investment Trends - In the first nine months of 2023, nearly 49,000 new foreign-invested enterprises were established in China, marking a year-on-year increase of 16.2%, despite a slight decline in overall foreign capital utilization [1] - High-tech industries, particularly e-commerce services and aerospace manufacturing, saw foreign investment growth rates of 155.2% and 38.7%, respectively [1] Group 2: Selection of Companies - The eight companies that attracted foreign investment are all positioned in hard technology sectors, aligning with the Chinese government's 2025 foreign investment stabilization policy [3] - Notable investments include Bosch's 10 billion yuan project in Suzhou for smart driving technology and Roche's 380 million Swiss franc investment in a research and production base in Suzhou, focusing on medical devices [3][4] Group 3: R&D Capabilities - All eight companies have established R&D centers in China, receiving official recognition as foreign R&D centers, which enhances their attractiveness to foreign investors [3][4] - Companies like Trumpf and Crown Bioscience have developed comprehensive R&D platforms that cater to both local and global markets, demonstrating a strong commitment to innovation [4][5] Group 4: Local Supply Chain Integration - The companies have built robust local supply chains, ensuring they are not merely "shell R&D" operations but are deeply rooted in the Chinese market [5][6] - For instance, companies like Suzhou New Wave Biotechnology and Mettler-Toledo have integrated their R&D and production capabilities to respond quickly to local market demands [5] Group 5: Investment Confidence - Significant investments from foreign companies, such as Danfoss's 2.7 billion yuan investment in a zero-carbon industrial park, reflect strong confidence in the Chinese market [6] - The Chinese government's policies, including the removal of restrictions on foreign investment companies and support for innovative medical products, provide a stable environment for long-term foreign investment [6][7]

天眼查App显示，近日，无锡扬塑新材料有限公司成立，法定代表人为谢俪娜，注册资本50万人民币， 经营范围为一般项目：新材料技术推广服务；技术服务、技术开发、技术咨询、技术交流、技术转让、 技术推广；新型催化材料及助剂销售；合成材料销售；塑料制品销售；化工产品销售（不含许可类化工 产品）；橡胶制品销售；玻璃纤维增强塑料制品销售；高品质合成橡胶销售；高性能纤维及复合材料销 售；专用化学产品销售（不含危险化学品）；表面功能材料销售；民用航空材料销售；汽车零配件零 售；建筑装饰材料销售；生物基材料聚合技术研发；技术进出口；货物进出口（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）。 ...

天眼查App显示，近日，海宁晶途新材料科技有限公司成立，法定代表人为郭琼妮，注册资本10万人民 币，经营范围为一般项目：新材料技术推广服务；新材料技术研发；智能家庭消费设备制造；玻璃制 造；环保咨询服务；建筑材料销售；家居用品销售；互联网销售（除销售需要许可的商品）；机械设备 销售；销售代理；建筑用钢筋产品销售；家用电器零配件销售；技术玻璃制品销售；技术玻璃制品制 造；新型建筑材料制造（不含危险化学品）；金属结构制造；建筑装饰材料销售；家用电器安装服务； 普通机械设备安装服务；制镜及类似品加工；废旧沥青再生技术研发（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）。 ...

天眼查App显示，近日，南京沛力新材料有限公司成立，法定代表人为张诗玮，注册资本50万人民币， 经营范围为一般项目：新材料技术研发；技术服务、技术开发、技术咨询、技术交流、技术转让、技术 推广；技术进出口；货物进出口；专业设计服务；建筑材料销售；建筑防水卷材产品销售；建筑陶瓷制 品销售；塑料制品销售；特种陶瓷制品销售；金属材料销售；五金产品批发；新鲜水果批发；新鲜蔬菜 批发；水产品批发；畜牧渔业饲料销售；化工产品销售（不含许可类化工产品）；针纺织品销售；鞋帽 批发；服装服饰批发；箱包销售；工艺美术品及礼仪用品销售（象牙及其制品除外）；家用电器销售； 电子元器件与机电组件设备销售；电子产品销售；日用百货销售；石墨及碳素制品销售；特种劳动防护 用品销售（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）。 ...

Core Insights - The seventh Henan Science and Technology Achievements Expo (referred to as "High Expo") emphasizes the transformation of scientific achievements into practical applications, showcasing a shift from merely building platforms to achieving tangible results [4][9]. Group 1: Event Overview - The High Expo gathered over 560 representatives from universities, research institutions, industry associations, and investment organizations to exchange innovative ideas and collaborate on technology transfer [1]. - The event featured various forums and exhibitions, including discussions on agricultural technology and hydrogen energy, highlighting its role as a catalyst for industrial innovation in Xinxiang [1][4]. Group 2: Focus on Collaboration - The expo aims to bridge the gap between scientific research and industry by organizing activities such as project roadshows and expert exchanges, facilitating collaboration between universities and enterprises [5][7]. - A new initiative called "Results Transformation Express" was proposed to enhance direct communication between research institutions and businesses, promoting effective project implementation [7]. Group 3: Achievements and Metrics - The High Expo has contributed to significant advancements in Xinxiang, evidenced by its rise in national innovation rankings: 66th in the 2024 National Innovation City Innovation Capability Ranking and 72nd in the China City Innovation Capability Top 100 [12]. - During the "14th Five-Year Plan" period, the transaction volume of technology contracts increased by 2.6 times, supported by 883 high-tech enterprises and 1,446 technology-based SMEs [12].