Group 1 - Jiangsong Technology Co., Ltd. has received approval for its IPO application on the ChiNext board, with Guotou Securities as the sponsor [1] - The company specializes in the research, production, and sales of high-efficiency photovoltaic cell automation equipment, positioning itself as a leading manufacturer in this sector in China [1] - Projected revenues for Jiangsong Technology from 2022 to 2024 are 807 million yuan, 1.237 billion yuan, and 2.019 billion yuan respectively, while net profits are expected to be 88.35 million yuan, 131 million yuan, and 187 million yuan [1] Group 2 - The controlling shareholder and actual controller of Jiangsong Technology is Zuo Guisong, who holds 71.28% of the shares directly, with his son Zuo Shi holding an additional 0.91% [1] - Zuo Guisong has held various leadership roles within the company since its inception, including positions as executive director, general manager, and chairman [3]

Core Viewpoint - The company, Dongfang Precision (东方精工), reported a stock price of 12.38 yuan as of April 29, 2025, with a slight increase of 0.24% and a trading volume of 947,500 shares, amounting to a total transaction value of 1.174 billion yuan [1]. Group 1: Company Operations - The company focuses on high-end intelligent equipment manufacturing, with its main business covering intelligent packaging equipment and water power equipment [3]. - The company’s gasoline engine products are primarily used in small terminal machinery for agriculture and gardening, and gasoline generator sets can serve as backup power sources [2]. Group 2: Financial Information - The company plans to distribute a cash dividend of 1.3 yuan per 10 shares (including tax) for the first quarter of 2025, pending approval from the shareholders' meeting [4]. - The company holds approximately 216 million shares of restricted stock, mainly from executives and the remaining unlifted shares from the 2022 stock incentive plan [5]. Group 3: Market Dynamics - On April 29, 2025, retail investors saw a net inflow of 25.124 million yuan, while institutional and speculative funds experienced net outflows of 9.788 million yuan and 15.336 million yuan, respectively [6]. - The company’s overseas revenue is primarily generated from local subsidiaries in Europe and North America, indicating that the impact of U.S. tariffs on Chinese imports is minimal for the company [5].

Core Viewpoint - The article highlights the significant role of Guosen Securities in supporting technology innovation and the development of science and technology enterprises through comprehensive financial services, emphasizing its commitment to enhancing the financial ecosystem for innovation in Shenzhen [1][2][5]. Group 1: Financial Services and Achievements - Guosen Securities has completed a total of 670 equity projects, raising funds amounting to 603.71 billion yuan by the end of 2024, effectively utilizing the direct financing capabilities of the capital market [1]. - The company has provided comprehensive financial services throughout the lifecycle of technology enterprises, completing 319 IPO projects and raising 215.59 billion yuan, with notable contributions from the ChiNext and Sci-Tech Innovation Board [2]. - In the bond financing sector, Guosen Securities has completed 76 innovation and entrepreneurship bonds, with an actual underwriting scale of approximately 27.6 billion yuan [2]. Group 2: Investment Support and Fund Management - The private equity fund management subsidiary of Guosen Securities manages 25 funds with a total scale of about 15 billion yuan, having invested in 137 private equity projects with a cumulative investment of around 5 billion yuan [3]. - New funds focusing on sectors such as biomedicine and green energy have been established, with a total new fund scale of 3.825 billion yuan, reflecting year-on-year growth of 25% and 16% respectively [3]. Group 3: Alternative Investments - Guosen Securities has completed 106 alternative investment projects with an investment amount of 5.11 billion yuan, targeting sectors like new energy and high-end intelligent equipment [4]. - The company has invested over 1 billion yuan in more than 20 self-initiated projects in Shenzhen, focusing on industries such as network communication and biomedicine [4]. Group 4: Strategic Initiatives and Future Outlook - Guosen Securities aims to enhance its service efficiency for technology enterprises by leveraging its comprehensive service advantages, optimizing resource allocation, and promoting industry mergers and acquisitions [5][6]. - The company is actively collaborating with local governments in key economic regions to support the development of modern industrial systems and build a technology finance ecosystem [6]. - Looking ahead, Guosen Securities will continue to focus on high-tech industries and guide social resources to support critical areas, contributing to the high-quality development of the real economy [7].