经新广益和主承销商协商一致，将拟申购价格高于22.54元/股（不含）的配售对象全部剔除；拟申购价格为22.54元/股、拟申购数量为1000万股且申购 时间为2025年12月16日14:07:27:757的配售对象中，按照网下发行电子平台自动生成的委托序号从后往前排列剔除9个配售对象。以上过程共剔除92个 配售对象。 日前，苏州市新广益电子股份有限公司（以下简称为"新广益"）披露了发行公告，确定创业板上市发行价21.93元/股，发行市盈率为28.59倍，而该公 司所在行业最近一个月平均静态市盈率为57.92倍。12月22日，该公司将开启网上网下申购。 新广益保荐人（主承销商）为中信证券。网下询价期间，主承销商通过深交所网下申购电子平台共收到310家网下投资者管理的8885个配售对象的初 步询价报价信息，报价区间为20.05元/股-26.53元/股。 报价信息表显示，网下询价中，衍盛私募证券投资基金管理（海南）有限公司管理的5只产品报出20.05元/股的最低价；上海汐泰投资管理有限公司管 理的5只产品报出26.53元/股的最高价，因报价过高被剔除。 | 投资者名称 | 配售对象名称 | 拟申购价格 | 拟申购数量 ...

Core Viewpoint - New Guangyi (301687.SZ) is set to go public on the ChiNext board with an initial public offering (IPO) of 36.716 million shares, accounting for 25% of the total share capital post-issue, aiming to leverage its technological strengths and strategic positioning in the capital market [2] Group 1: Company Overview - Established in 2004, New Guangyi focuses on the research, production, and sales of high-performance special functional materials, adhering to a technology development route of "independent innovation and import substitution" [3] - The company has successfully broken the technological monopoly of foreign firms in key product areas, establishing itself as a leader in the industry [3] Group 2: Product Highlights - New Guangyi's core product, the anti-overflow special film, is crucial in the production of flexible circuit boards and has achieved a market-leading position in China, overcoming significant supply issues previously faced by domestic clients [3][4] - The company’s anti-overflow special film exhibits superior performance compared to foreign competitors, including higher tensile strength and lower thermal expansion rates, making it more reliable in high-temperature environments [4] Group 3: Innovation and Development - New Guangyi is actively exploring new business areas such as acoustics, optics, and new energy, seeking opportunities for self-innovation and technological breakthroughs [5] - The company has developed a high-precision acoustic film that surpasses foreign counterparts in key technical indicators, successfully entering the high-end headphone market through partnerships with major clients [6] Group 4: Financial Performance - From 2022 to June 2025, New Guangyi's main business revenue showed steady growth, with figures of 455 million yuan, 516 million yuan, 657 million yuan, and 313 million yuan, while net profits were 81.51 million yuan, 83.28 million yuan, 115.70 million yuan, and 59.21 million yuan respectively [7] - The company forecasts a revenue of 704 million yuan in 2025, representing a 7.10% increase from 2024, and a net profit of 127.27 million yuan, reflecting a 10% growth [7] Group 5: Future Strategy - New Guangyi has outlined a clear development strategy aimed at becoming a world-class innovative materials enterprise, focusing on polymer modification, adhesive formulation, and film manufacturing [8] - The company plans to leverage its core competencies in niche markets to expand its market share and enhance product value while also investing in new energy materials to align with global carbon neutrality trends [8]

Group 1 - The company XinGuoYi (301687.SZ) is planning an initial public offering (IPO) on the ChiNext board, with a total of 36.716 million shares to be issued, representing 25.00% of the total share capital post-issue [1] - The initial strategic placement will involve 7,343,200 shares, approximately 20% of the total issuance, with management and core employees expected to subscribe up to 59 million yuan, not exceeding 10.00% of the total shares [1] - The final allocation of strategic investors will be determined after the issuance price is set, with a portion of the initial allocation being returned to offline issuance [1] Group 2 - XinGuoYi specializes in the research, production, and sales of high-performance special functional materials, including anti-overflow adhesive films and strong resistance special films [2] - The company's main business revenue for the reporting periods were 455 million yuan, 516 million yuan, 657 million yuan, and 313 million yuan, with net profits of 81.51 million yuan, 83.28 million yuan, 115.70 million yuan, and 59.21 million yuan respectively [2] - The funds raised from the public offering, after deducting issuance costs, will be invested in functional material projects, with an intended use of 638 million yuan [2]

Core Viewpoint - Suzhou Xinguangyi Electronics Co., Ltd. has successfully registered for an IPO on the ChiNext board, aiming to raise 638 million yuan [1] Group 1: Company Overview - Xinguangyi was established in 2004 and focuses on the research, production, and sales of high-performance special functional materials, including anti-bleeding special films and strong resistance special films [1] - The company plans to use the funds raised from the IPO for business expansion and product development [1] Group 2: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 is projected to be 455.26 million yuan, 516.14 million yuan, 657.17 million yuan, and 313.39 million yuan respectively [2] - Net profit attributable to the parent company for the same periods is expected to be 81.51 million yuan, 83.28 million yuan, 115.70 million yuan, and 59.21 million yuan [2] - The company has a high dependency on its top five customers, with sales to these customers accounting for 69.64%, 57.22%, 52.89%, and 52.77% of its main business income over the reporting periods [2] Group 3: Shareholding Structure - The chairman, Xia Chaohua, controls 85.54% of the voting rights in the company, making him the actual controller [2] - BYD holds 4.17% of the shares, making it the third-largest shareholder [2] Group 4: Sales Model and Client Relationships - Sales are conducted through direct sales and trade merchants, with trade sales increasing from 14.29% in 2022 to 20.29% in 2024 [3] - The company has faced scrutiny regarding the accuracy of sales data to its major trade merchant, Zhuhai Guotai Technology Co., Ltd., with discrepancies noted in reported sales figures [4][5] Group 5: Customer Dependency and Pricing - Sales to the largest customer, Pengding Holdings, have shown a declining trend, with revenue decreasing from 40.35% of main business income in 2020 to 19.43% in the first half of 2025 [7] - The company has been asked to clarify pricing differences between different customers for the same products [7] Group 6: Related Party Transactions - The company has engaged in transactions with Suzhou Yuxinyang Electronics Technology Co., Ltd., which is controlled by the chairman, raising questions about the nature of these transactions [10] - There are concerns regarding the operational secrecy of Yuxinyang and its relationship with Xinguangyi, especially given the similar business activities [11][12] Group 7: Disclosure Issues - The company has faced criticism for various disclosure errors in its IPO application, including incorrect reporting of accounts payable and discrepancies in financial data [16][17] - The company is urged to improve its information disclosure practices to meet the requirements of the stock issuance registration system [17]

Group 1 - The core point of the news is that Huayin Technology's stock has been declining for five consecutive days, with a total drop of 7.75% during this period, currently trading at 67.14 CNY per share and a market capitalization of 18.3 billion CNY [1] - Huayin Technology, established on December 28, 1992, is located in Xi'an, Shaanxi Province, and was listed on March 7, 2022. The company primarily engages in the research, production, and sales of special functional materials, including stealth materials, camouflage materials, and protective materials [1] - The company's revenue composition includes 88.46% from product sales and technical services, 10.28% from aerospace component processing services, and 1.26% from other supplementary services [1] Group 2 - According to data, Yimi Fund has a significant holding in Huayin Technology, with the Yimi Vision Value One-Year Open Mixed A Fund (020442) holding 170,000 shares, accounting for 3.52% of the fund's net value, making it the tenth largest holding [2] - The fund has incurred a floating loss of approximately 136,000 CNY today, with a total floating loss of 958,800 CNY during the five-day decline [2] - The Yimi Vision Value One-Year Open Mixed A Fund was established on April 30, 2024, with a current scale of 288 million CNY, achieving a year-to-date return of 32.65% and a one-year return of 41.17% [2]

Core Viewpoint - The article highlights the significant contributions of Zhe Shengyang, a notable alumnus of Northwestern Polytechnical University, who has established two listed companies on the Sci-Tech Innovation Board, namely Huayin Technology and Bolite, with a combined market value exceeding 40 billion yuan. His recent donation of 100 million yuan to his alma mater underscores the importance of industry-academia collaboration in fostering innovation and talent development in the field of materials science [4][9][11]. Group 1: Company Background - Huayin Technology, founded by Zhe Shengyang in 1992, initially focused on technology consulting before transitioning to research and development of special functional materials, achieving significant breakthroughs in military applications [6][7]. - Bolite, another company co-founded by Zhe Shengyang, specializes in industrial-grade metal additive manufacturing (3D printing) and serves various sectors including aerospace, automotive, and medical [8][9]. Group 2: Financial Performance - In its first year, Huayin Technology generated a revenue of 6 million yuan, marking a successful start for the company [7]. - Huayin Technology went public on the Sci-Tech Innovation Board in 2022, becoming one of the most valuable new stocks of the year [8]. Group 3: Philanthropic Contributions - Since 2011, Zhe Shengyang and his companies have donated over 70 million yuan to Northwestern Polytechnical University, supporting talent recruitment, faculty development, and innovation initiatives [11]. - The recent donation of 100 million yuan is specifically aimed at enhancing the development of young talent and materials science disciplines at the university [4][11]. Group 4: Industry-Academia Collaboration - The partnership between Huayin Technology and Northwestern Polytechnical University has created a successful model for industry-academia collaboration, focusing on applied technology development and sharing research outcomes [11]. - Many key personnel in Huayin Technology and Bolite are alumni of Northwestern Polytechnical University, reflecting the strong ties between the institution and the companies [11].

Core Viewpoint - The China Securities Regulatory Commission has approved the initial public offering (IPO) registration application of Suzhou Xinguangyi Electronics Co., Ltd. (referred to as "Xinguangyi"), marking a significant step towards its listing on the Shenzhen Stock Exchange [1] Group 1: IPO Details - Xinguangyi's IPO registration status has changed to "effective" [1] - The company initially planned to raise 800 million yuan, with 500 million yuan allocated for the functional materials project and 300 million yuan for the new energy lithium battery materials project [5] - The fundraising amount for the functional materials project has been increased from 500 million yuan to 638.38 million yuan, while the new energy lithium battery materials project has been removed [3][4] Group 2: Financial Performance - Xinguangyi's revenue for the years 2022, 2023, 2024, and the first half of 2025 was approximately 455 million yuan, 516 million yuan, 657 million yuan, and 313 million yuan, respectively [7] - The net profit for the same periods was approximately 81.51 million yuan, 83.28 million yuan, 116 million yuan, and 59.21 million yuan, respectively [7] - The company expects a revenue of approximately 704 million yuan in 2025, representing a 7.10% increase from 2024, and a net profit of approximately 127 million yuan, reflecting a 10.00% year-on-year growth [8] Group 3: Project Necessity and Feasibility - The necessity for the new energy lithium battery materials project is supported by the rapid development of the new energy vehicle industry, which creates substantial downstream demand [6] - Xinguangyi believes that the project aligns with national industrial support policies and is backed by solid technical accumulation and quality customer resources [6] - The Shenzhen Stock Exchange has requested further clarification on the feasibility and necessity of the fundraising projects, including the impact of new capacity on financial conditions and market space for the products [6][4] Group 4: Company Background - Xinguangyi was established in May 2004 and is located in Suzhou, Jiangsu Province, with a registered capital of approximately 110 million yuan [9] - The major shareholders include Xia Chaohua, Jiangsu Juxin Wantai Enterprise Management Co., Ltd., BYD, and Xia Huachao [9][10] - Xia Chaohua is the controlling shareholder, holding 56.59% of the shares directly and 23.54% indirectly, giving him a total control of 85.54% of the voting rights [10][11]

Group 1 - The core point of the article is that Suzhou Xinguangyi Electronics Co., Ltd. has successfully registered for its IPO on the ChiNext board, marking a significant milestone for the company [1] - Xinguangyi is a high-tech enterprise focused on the research, production, and sales of high-performance special functional materials, with key products including anti-overflow adhesive special films and strong resistance special films [1] - The company’s IPO application was accepted on June 29, 2023, entered the inquiry stage on July 25, 2023, was approved on September 19, 2025, and submitted for registration on September 23, 2025 [1] Group 2 - Xinguangyi aims to raise approximately 638 million yuan through this IPO, with plans to invest the net proceeds in functional material projects after deducting issuance costs [1]

Core Viewpoint - The China Securities Regulatory Commission has approved Suzhou Xinguangyi Electronics Co., Ltd. for its initial public offering (IPO) on the Shenzhen Stock Exchange, with a fundraising target of 638.38 million yuan [1] Company Overview - Suzhou Xinguangyi is a high-tech enterprise focused on the research, production, and sales of high-performance special functional materials [1] - The company's main products include anti-overflow adhesive special films and strong resistance special films [1] - In addition to its core products, the company also engages in the production and research of electronic component materials, modified materials, optical adhesive films, new energy lithium battery materials, and photovoltaic adhesive films [1]

Core Viewpoint - The IPO of Suzhou Xinguangyi Electronic Co., Ltd. has been approved, aiming to raise funds for expanding its market share in high-performance specialty functional materials [1][2]. Group 1: Company Overview - Xinguangyi specializes in the research, production, and sales of high-performance specialty functional materials, with key products including anti-overflow special films and strong resistance special films [2]. - The company has established its industry-leading position by breaking the technological monopoly of foreign companies in the specialty film sector since its establishment in 2004 [2][3]. Group 2: Financial Performance - From 2022 to 2024, Xinguangyi's revenue is projected to grow from 455 million to 657 million yuan, with net profit increasing from 82 million to 116 million yuan, indicating steady growth [4]. - In the first half of this year, the company achieved a revenue of 313 million yuan, a year-on-year increase of 10.24%, and a net profit of 59 million yuan, up 17.45% year-on-year [4]. Group 3: Market Position and Strategy - The anti-overflow special film is the company's core product, accounting for approximately half of its revenue, while the strong resistance special film contributes about one-quarter of the revenue [4]. - The company aims to become a world-class innovative materials enterprise, focusing on material innovation and technological breakthroughs [3]. Group 4: Client Base and Market Expansion - Major clients include companies like Pengding Holdings and Weixin Electronics, indicating a high customer concentration [6]. - Xinguangyi has seen significant growth in its new energy materials segment, with its revenue share increasing from 0.30% in 2022 to 14.75% in 2024 [4].