悍高集团股份有限公司（以下简称"悍高集团"）冲刺上市迎来新进展。日前，悍高集团首次公开发行股票的注册申请获得了中国证监会的批复同意。 2022年-2024年，悍高集团经营业绩保持稳定增长，净利润增速达到61.83%，2025年1-3月公司净利润同比增长40.31%。这一业绩数据相当亮眼，在同业中表 现突出，同时也引来深交所对其业绩稳定性的问询。悍高集团被问询的问题还涉及其销售模式。报告期内，悍高集团云商模式订单金额快速增长，但部分缺 失收货手机号码和收货地址，被质疑"幽灵订单"。新京报记者注意到，截至目前，悍高集团对于问询问题尚未给出明确回复。此外，悍高集团的"兄妹店"模 式、经销商退出率较高、产品上"黑榜"、身披对赌协议等风险隐患也备受关注。 悍高集团创立于2004年，是一家以家居五金为核心的企业，产品包括功能五金、基础五金、厨卫五金、柜类照明、内门锁、智能厨电、浴室柜、户外家具 等。目前，国内家居五金市场整体较为零散，大部分企业以代工为主、规模较小，同质化现象较为严重，中高端五金市场竞争激烈。有业内观点认为，在这 一背景下，悍高集团若成功上市，可依托资本平台加速渠道下沉与品类扩张。但成功上市并非终点，其还 ...

IPO Review and Registration Progress - Ningbo Jianxin Superconducting Technology Co., Ltd. has received acceptance for its IPO application on the Sci-Tech Innovation Board, marking the third new acceptance this year [2] - The company reported revenues of 359 million yuan, 451 million yuan, and 425 million yuan for 2022 to 2024, with net profits of 34.63 million yuan, 48.73 million yuan, and 55.78 million yuan respectively [2] - The company plans to raise 865 million yuan through its IPO for projects including the production of superconducting magnets and working capital [3] - Lianchuan Biotechnology has also received acceptance for its IPO on the Beijing Stock Exchange, aiming to raise 300 million yuan for projects related to gene technology and working capital [4] - The company reported revenues of 234 million yuan, 287 million yuan, and 367 million yuan from 2022 to 2024, with net profits of 52.76 million yuan, 53.49 million yuan, and 60.06 million yuan respectively [4] - Dana Biotechnology submitted its IPO registration on the Beijing Stock Exchange, focusing on early rapid diagnostic technology for invasive fungal diseases [6] - Han Gao Group's IPO registration has been approved, with projected revenues of 2.857 billion yuan and net profits of 531 million yuan for 2024 [6] New Stock Subscription and Listing Dynamics - Three new stocks are scheduled for subscription this week, including Hanbang Technology, Weigao Blood Purification, and Taili Technology [8] - Hanbang Technology aims to raise 598 million yuan for the production of liquid chromatography equipment, with projected revenues of 691 million yuan and net profits of 79 million yuan for 2024 [8] - Weigao Blood Purification plans to raise 1.351 billion yuan for smart production and other projects, with sales expenses exceeding 600 million yuan from 2022 to 2024 [9] - Taili Technology focuses on new materials and plans to raise 542 million yuan for production and logistics center construction, with projected revenues of 1.02 billion yuan and net profits of 88 million yuan for 2024 [9] Upcoming Listings - Tian Gong Co., Ltd. is set to be listed on the Beijing Stock Exchange on May 13, with projected revenues of 383 million yuan, 1.035 billion yuan, and 801 million yuan from 2022 to 2024 [11] - The company plans to raise 360 million yuan for the construction of high-end titanium and titanium alloy production lines [11] Policy and Regulatory Trends - The China Securities Regulatory Commission (CSRC) plans to introduce policies to deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, enhancing the system's inclusiveness and adaptability [12]

Core Viewpoint - Han Gao Group's IPO registration has been approved by the China Securities Regulatory Commission, allowing it to list on the Shenzhen Stock Exchange, despite facing challenges such as declining outdoor furniture sales and product quality issues [1][3][4]. Group 1: IPO and Financials - Han Gao Group plans to issue no more than 40.01 million shares, accounting for at least 10% of the total share capital, aiming to raise 420 million yuan for various projects including an automated manufacturing base and R&D center [3]. - The company has experienced consistent revenue growth, but its outdoor furniture sales have shown a downward trend, with sales volumes dropping from 300,000 units in 2021 to 173,400 units in 2023 [4]. Group 2: Sales Performance - Outdoor furniture sales revenue decreased from 238 million yuan in 2021 to 188 million yuan in 2023, with year-on-year declines of 8.23% in 2022 and 14.15% in 2023 [4]. - The company's overseas revenue also declined from 373 million yuan in 2021 to 270 million yuan in 2023, indicating a trend of decreasing international sales [5]. Group 3: Product Quality Issues - Han Gao Group has faced scrutiny for product quality, with its "Han Gao" brand smart clothes drying rack being listed among non-compliant products by the Jiangsu Consumer Protection Committee [6]. - The company has previously appeared on China's top ten quality blacklist for home products due to multiple instances of product non-compliance [6]. Group 4: Return and Exchange Trends - The return and exchange amounts for the company's e-commerce model increased from 9.06 million yuan in 2021 to 8.88 million yuan in 2024, primarily due to consumer returns during the no-reason return period [7]. - The total return and exchange amount across all channels was 12.46 million yuan in 2024, down from 16.16 million yuan in 2023 [8]. Group 5: Dealer Management Risks - The company has highlighted risks associated with dealer management, as a significant portion of its domestic revenue comes from offline dealers, which accounted for 49.81% to 57.44% of total revenue from 2022 to 2024 [9][10]. - The number of dealers has fluctuated, with 80 new dealers added in 2022 but 49 exiting, indicating potential instability in dealer relationships [9].

行业首发《品质承诺书》，NUOMI诺米为品质服务革命按下加速键 面对行业乱象，国内高端家居五金领军品牌NUOMI诺米率先破局，2025年3月推出"一诺千金.终身质保"服务，覆 盖橱柜功能五金、衣柜收纳五金、精工水槽、基础五金、安全智能照明、铝材高定、高端门控七大产品线。 摘要： 面对家居五金行业价格战加剧、品质信任缺失的困局，NUOMI诺米家居五金行业首发《品质承诺书》，成为首家 书面承诺品质服务的企业，以"一诺千金.终身质保"重塑行业信任标准，定义中国高端五金服务新范式。 家居五金行业深陷内卷困局，品质与服务成突围关键 当前，中国家居五金行业市场规模庞大(2023年达2261.1亿元，预计2028年突破3244亿元)，尽管家居企业整体处于 下行周期，但家居五金业却保持逆势增长、增速稳定的态势。 但从微观层面，由于竞争加剧，行业竞争却陷入"价格战"与"低质化"的恶性循环：产品同质化严重、质量参差不 齐、售后服务缺位等问题频发，终端消费者对五金配件的耐用性与售后保障信任度持续走低。 据行业报告显示，超60%的消费者因五金质量问题影响整体家居体验，而企业因成本压缩导致创新乏力，进一步 加剧行业内卷。这一痛点不仅制 ...

4月11日，深交所上市审核委员会审议通过悍高集团股份有限公司（简称"悍高集团"）的首发申请，标 志着公司上市之路再进一步。 悍高集团成立于2004年，总部位于佛山市顺德区，是国内少数实现全屋五金一站式供应的企业。深耕行 业二十余年，悍高集团坚持将多元化的原创设计与高品质产品有机融合，致力于为客户提供外观精致、 用材考究、实用性强的家居收纳五金、基础五金、厨卫五金以及户外家具等产品。2024年营收达28.57 亿元，净利润突破5.2亿元，近三年净资产从8.82亿元跃升至17.46亿元，规模稳居行业前列。 家居五金行业长期面临同质化竞争、集中度低等痛点。据《中国五金制品行业"十四五"发展指导意 见》，目前，国内拥有自主品牌的中高端产品供给不足，产品同质化情况严重，其中家居五金行业作为 五金制品的细分行业，行业内的市场参与者众多，大部分企业的经营规模较小，销售区域集中在企业周 边地区，集中度相对较低，竞争较为激烈。 在行业竞争日趋激烈的背景下，悍高集团的业务规模逐步扩大，报告期内公司营业收入分别为16.20亿 元、22.22亿元和28.57亿元，截至2024年12月31日，公司经销网络已覆盖国内191个地级市，并逐 ...

4月11日，悍高集团股份有限公司（以下简称"悍高集团"）IPO申请获得深交所上市委审核通过。 公开资料显示，悍高集团是国内家居五金行业中的代表性企业，通过提升自主生产比例实现降本增效，公司盈利能力持续提升， 2024年扣非归母净利润达5.20亿元，近三年复合增长率高达61.83%。 主板蓝筹特质鲜明 五金制品可分为工具五金、建筑五金及家居五金三大类，其中家居五金作为建筑装修必需消费品，2022年市场规模已达3,000亿 元。 自2004年成立以来，悍高集团深耕家居五金领域， 据全联家具装饰业商会确认，其2022年收纳五金国内销售额在同类企业中排名 第一，品牌实力位居第一梯队。 近年来悍高集团业绩表现突出， 2022-2024年公司营业收入从16.20亿元增长至28.57亿元，年均复合增速32.78%；扣非归母净利润 由1.99亿元攀升至5.20亿元，年均复合增速达61.83%。 | | | | 年11: /J /J | | --- | --- | --- | --- | | 项目 | 2024 年度 | 2023 年度 | 2022 年度 | | 营业收入 | 285. 677. 03 | 222,191.1 ...

一、岷山环能高科股份公司 1、基本信息 文/梧桐数据中心 4月11日，IPO共审核2家公司（北交所、深主板各1家），2家均获通过。 岷山环能 是一家集原生资源清洁生产、再生资源回收利用、高新材料制造为一体的资源生产和资源综合利用企业。何秋安直接持有公司7,292.74万股股份，直接持 股比例为36.73%，为公司控股股东；何秋安、王爱云为夫妻关系，何占源为何秋安与王爱云之子，三人合计控制公司股东大会表决权的比例为59.61%，为公司的 实际控制人。报告期内，公司营业收入分别为259,900.99万元、293,971.77万元和289,502.11万元，扣非归母净利润分别为4,613.12万元、5,973.22万元和6,655.00万 元，但2020年高达9 ,992万元，近5年波动较大；公司主要产品"铅锭-原生铅"属于"高污染、高环境风险"产品，已制定产能压缩计划，因违反限产要求2022年被罚9 万元；报告期员工人数持续下降，未缴纳"五险一金"的员工占比较大。 悍高集团 主要从事家居五金及户外家具等产品的研发、设计、生产和销售。悍高管理持有公司25,851.24万股股份，占公司股本总额的71.81%，为公司控 ...