天眼查App显示，近日，苏州远沐精密科技有限公司成立，法定代表人为金翠珍，注册资本30万人民 币，经营范围为一般项目：机械设备研发；通用设备制造（不含特种设备制造）；专用设备制造（不含 许可类专业设备制造）；工业自动控制系统装置制造；工业控制计算机及系统制造；液气密元件及系统 制造；液压动力机械及元件制造；半导体器件专用设备制造；电工机械专用设备制造；齿轮及齿轮减、 变速箱制造；轴承、齿轮和传动部件制造；密封件制造；电子专用设备制造；输配电及控制设备制造； 机械电气设备制造；计算机软硬件及外围设备制造；电工仪器仪表制造；电力电子元器件制造；金属链 条及其他金属制品制造；模具制造；集成电路芯片及产品制造；集成电路制造；汽车零部件及配件制 造；通用零部件制造；机械零件、零部件加工；技术服务、技术开发、技术咨询、技术交流、技术转 让、技术推广（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 - Suzhou Jiaosheng Precision Technology Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Wang Kun [1] - The business scope includes technology services, development, consulting, and transfer, as well as manufacturing and sales of various electronic components and mechanical parts [1] Group 2 - The company is involved in the wholesale and retail of electronic products, molds, and various materials including rubber and plastic products [1] - It also engages in import and export activities, as well as the sale of office supplies and protective equipment [1] - The company operates under the principle of conducting business activities independently based on its business license, except for projects that require approval [1]

Core Points - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its initial public offering (IPO) and listing on the main board of the Shanghai Stock Exchange [1] - The company plans to issue 43.7375 million shares at a price of 18.60 RMB per share, which represents 8.85% of the total shares post-issuance [1] - The total amount of funds raised is expected to be 813.5175 million RMB, with issuance costs amounting to 86.3279 million RMB [2] Company Information - The company is issuing ordinary shares (A shares) with a par value of 1.00 RMB per share [1] - The earnings per share before the issuance is 1.14 RMB, calculated based on the lower of the audited net profit attributable to shareholders of the parent company for the year 2024, excluding non-recurring gains and losses [1] - The price-to-earnings (P/E) ratio for the issuance is calculated based on the net profit attributable to shareholders of the parent company divided by the total shares post-issuance [1] Issuance Details - The issuance will be conducted through a combination of strategic placements to qualified investors, offline inquiries to eligible investors, and online pricing for public investors holding non-restricted A shares [1] - The underwriting method is a balance underwriting approach [1] - The net asset value per share before the issuance is calculated based on total equity divided by total shares before the issuance [1]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. has successfully completed its initial public offering (IPO) and will be listed on the main board, with the approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2]. Issuance Details - The total number of shares for this issuance is set at 43.7375 million shares, with an initial strategic placement of 8.7475 million shares, accounting for 20% of the total issuance [2]. - The final strategic placement remains at 8.7475 million shares, with no need for a downward adjustment to the offline issuance [2]. - The issuance price is set at 18.60 RMB per share, with 13.996 million shares allocated for online issuance on August 25, 2025 [2]. Subscription and Allocation - The online issuance received 13,178,223 valid applications, totaling 109,526,590,000 shares, resulting in an initial online winning rate of 0.01277863% [5]. - Following the implementation of the allocation mechanism, the final online winning rate increased to 0.02555726% after adjustments were made due to high demand [5]. Payment Obligations - Investors are required to fulfill their payment obligations by August 27, 2025, and must ensure sufficient funds in their accounts to avoid forfeiting their subscriptions [3][5]. - Any failure to pay or participate in the subscription process may result in penalties and restrictions on future participation in IPOs [5]. Lock-up Period - 10% of the shares allocated to investors will be subject to a six-month lock-up period, while 90% will be freely tradable immediately after the shares are listed [4].

Core Viewpoint - Meizhou Zhikai Precision Technology Co., Ltd. has been established with a registered capital of 10 million RMB, focusing on various technology services and sales in precision machinery and components [1] Group 1: Company Overview - The company is registered with a capital of 10 million RMB [1] - It operates in multiple sectors including technology services, sales of precision bearings, and manufacturing of electronic components [1] Group 2: Business Scope - The business scope includes technology services, development, consulting, and transfer [1] - It also involves sales of high-speed precision heavy-load bearings, metal cutting and welding equipment, and various electronic components [1] - The company is engaged in domestic trade, import and export activities, and brand management [1] Group 3: Manufacturing and Sales - The company manufactures and sells industrial robots, precision gears, and transmission components [1] - It also provides installation and maintenance services for industrial robots [1] - Additional activities include processing of non-ferrous metal alloys and wholesale of hardware products [1]

Core Viewpoint - Hongteng Precision experienced a significant stock decline of 10.13%, trading at 4.97 HKD per share with a transaction volume of 599 million HKD as of 11:11 AM on August 20 [1]. Group 1: Company Overview - Hongteng Precision (06088) is a global solution provider specializing in enhancing connectivity capabilities, serving both world-class brands and private label products [1]. - The company has notable advantages in consumer insights, industry trends, design, research and development, manufacturing, production, supply chain, and market launch planning [1]. Group 2: Financial Performance - As of the mid-year report in 2025, Hongteng Precision reported total operating revenue of 16.5 billion CNY and a net profit of 226 million CNY [2].

Group 1 - Jiangsu province implemented a more proactive fiscal policy, focusing on stable growth and improving people's livelihoods, which provided strong support for high-quality development [1] - In the first half of the year, Jiangsu's general public budget revenue reached 583.68 billion yuan, an increase of 1.1%, with tax revenue growing by 2.7% for nine consecutive months [1] - The industrial production growth led to a 7.4% increase in value-added tax, indicating strong internal economic momentum [1] Group 2 - Wuxi Tengma Precision Transmission Co., Ltd. reported a 44% increase in revenue this year, driven by rising orders for products used in humanoid and industrial robots [1] - Jiangsu Lianbo Precision Technology Co., Ltd. is in a rapid development phase, receiving a 1% fiscal subsidy that significantly supports its growth [2] - The provincial government allocated 10 billion yuan for social elderly service system construction and 31.38 billion yuan for employment subsidies, enhancing social welfare [2]

Summary of Key Points Core Viewpoint The report outlines the process and compliance of the share transfer of Dongguan Dingtong Precision Technology Co., Ltd. (Dingtong Technology) from its shareholder to specific institutional investors through a price inquiry method, ensuring adherence to relevant regulations and fairness in the transaction. Group 1: Overview of the Share Transfer - The transfer involves a maximum of 4,176,000 shares from Dongguan Dinghong Junsheng Investment Co., Ltd. [1] - The shareholding structure and the proportion of shares held by the transferor as of July 31, 2025, are detailed [1]. - The transfer method is compliant with the Shanghai Stock Exchange's guidelines for inquiry transfers [1]. Group 2: Pricing and Allocation Principles - The price floor for the share transfer was determined based on the shareholder's financial needs and is not lower than the specified guidelines [2]. - The pricing determination follows a competitive bidding process, prioritizing subscription price, quantity, and submission time [2][3]. - If the total valid subscriptions meet or exceed 4,176,000 shares, the minimum subscription price will set the transfer price [3]. Group 3: Transfer Process and Participation - A total of 422 institutional investors received the subscription invitation, including various types of investment firms [4][5]. - During the subscription period, 13 valid bids were received, leading to the initiation of an additional subscription process [6]. - The final transfer price was set at 76.72 yuan per share, with a total transaction amount of 320,382,720 yuan [6]. Group 4: Compliance and Verification - The transfer process was verified to be legal and compliant with multiple regulatory frameworks, ensuring fairness and transparency [8][13]. - Both the transferor and the transferees were assessed for their qualifications, confirming adherence to the relevant guidelines [10][11]. - The report concludes that the entire inquiry transfer process met the regulatory requirements and was conducted fairly [13].

Group 1 - The core viewpoint of the article is that CITIC Securities has conducted a qualification review for Dongguan Dinghong Junsheng Investment Co., Ltd. as part of the share transfer process for Dongguan Dingtong Precision Technology Co., Ltd. [1][6] - CITIC Securities was entrusted by the shareholder to organize the inquiry transfer of shares before the initial public offering [1][2] - The review process included interviews and document collection to ensure compliance with relevant regulations [2][6] Group 2 - Dongguan Dinghong Junsheng Investment Co., Ltd. is a limited liability company established on November 10, 2017, and is engaged in high-tech project investment and investment consulting services [2][3] - The company has not violated any regulations regarding share reduction or made any commitments that would prevent the transfer [3][4] - The shares to be transferred are pre-IPO shares and are not subject to any pledges or judicial freezes [4][6] Group 3 - The shareholder is a controlling shareholder of Dingtong Technology, holding more than 5% of the shares, and is subject to specific regulations regarding share transfers [3][5] - The inquiry transfer must comply with the window period regulations, which restrict certain individuals from initiating transfers during specific periods [5][6] - The review confirmed that Dingtong Technology's recent financial performance met the criteria for share transfer eligibility, including cash dividends exceeding 30% of net profit [4][6]

Fundraising Overview - The company raised a total of RMB 799,999,551.04 by issuing 13,331,104 shares, with a net amount available for use of RMB 785,238,867.98 after deducting issuance costs of RMB 14,760,683.06 [1] - As of June 30, 2025, the total amount of funds raised was RMB 799,999,551.04, with RMB 286,401,559.99 already utilized [1] Fund Utilization - The company has invested RMB 270,845,820.74 in fundraising projects, with RMB 173,379,023.89 being the amount spent in the current period [1] - The company temporarily idled RMB 330,000,000.00 for cash management investments, including RMB 300,000,000.00 in structured deposits [1][6] Fund Management - The company has established a special account storage system for the management of raised funds and signed tripartite and quadripartite supervision agreements with relevant banks and sponsors [2][3] - As of June 30, 2025, the remaining balance of the raised funds was RMB 7,223,132.13 [3] Cash Management - The company approved the use of up to RMB 60,000,000.00 of idle funds for temporary working capital, but as of June 30, 2025, no such funds had been utilized [4] - The company also approved the use of up to RMB 40,000,000.00 of idle funds for cash management, with a focus on high-security and high-liquidity products [4] Project Updates - The company has extended the timeline for the "High-Speed Communication Connector Component Production Project" to December 2026, with the addition of a new implementation entity [8] - There have been no instances of using excess funds for working capital or repaying bank loans as of June 30, 2025 [7]