Core Viewpoint - The demand for rubber tracks is expanding due to the dual opportunities of increasing demand and technological upgrades in the context of deepening food security strategies and accelerating agricultural mechanization [1] Market Dynamics - The market for rubber tracks is driven by policies and demand, with rice being a staple food for over 200 million people in China, leading to a consumption of 180 million tons annually, the highest globally [2] - Traditional rice planting methods are becoming unsustainable due to labor shortages and increasing food demand, particularly in southern regions where mechanization is challenging [2] - Rubber tracks offer significant advantages over traditional metal tracks, such as lower ground pressure, reduced vibration, and less road damage, making them essential for agricultural production [2] - By 2025, China's comprehensive mechanization rate for crop farming is expected to reach 75%, providing sustained growth momentum for the rubber track market [2] - The rapid increase in agricultural mechanization in Southeast and South Asia, where rice planting areas are approximately three times that of China, will further drive demand for agricultural tracks [2] Technological Advancements - Yuan Chuang Technology Co., Ltd. has developed a comprehensive product line covering agricultural and engineering tracks, adapting to over a thousand machine models [3][4] - The company has mastered core technologies in the rubber track supply chain and has developed diverse rubber formulations to meet specific customer needs, including low-temperature resistance for extreme environments [4] - Yuan Chuang holds 38 patents, including 12 invention patents, establishing itself as a leader in setting industry standards [5] Strategic Partnerships - The rubber track market consists of both original equipment manufacturer (OEM) and aftermarket segments, with strong customer relationships in the OEM market being crucial [6] - Yuan Chuang has established strategic partnerships with leading manufacturers such as WoDe Agricultural Machinery and Weichai Lovol, ensuring stable supply relationships [6] - The company's revenue is projected to grow steadily, with operating income increasing from 1.261 billion yuan in 2022 to 1.349 billion yuan in 2024 [6] Global Expansion and Market Coverage - The aftermarket for rubber tracks is expanding as they typically need replacement every 1-2 years, driven by the increasing number of agricultural and engineering machines [7] - Yuan Chuang has developed a global marketing system, with overseas revenue accounting for 44.75% of its main business income in 2024, contributing significantly to revenue growth [7] Financial Performance and Growth Strategy - In the first three quarters of 2025, Yuan Chuang achieved an operating income of 1.053 billion yuan, a year-on-year increase of 8.05%, and a net profit of 120 million yuan, up 6.77% [8] - The company plans to raise 485 million yuan through its IPO to expand production capacity and enhance intelligent manufacturing levels [8] - The production capacity utilization rates are high, at 91.41% and 92.38% for 2024 and the first half of 2025, respectively, indicating a need for capacity expansion [8] Future Outlook - Yuan Chuang is actively pursuing 19 R&D projects to maintain its competitive edge, focusing on innovations such as high-damping rubber tracks and long-life shear-resistant tracks [9] - The company aims to align its development with national strategies, supporting agricultural modernization and food security while contributing to urbanization and infrastructure upgrades [10] - With ongoing industry demand growth, policy benefits, and capital from the IPO, Yuan Chuang is positioned to further expand its market share and lead industry upgrades [10]

元创股份发行信息 | 股票代码 | 001325 | 股票简称 | 元创股份 | | --- | --- | --- | --- | | 申购代码 | 001325 | 发行价 | 24.75元 | | 发行市盈率 | 12.93倍 | 参考行业市盈率 | 26.37 | | 申购日期 | 2025.12.09 | 网上发行数量 | 1960.00万股 | | 总发行数量 | 1960.00万股 | 申购股数上限 | 19500股 | | 顶格申购需配市值 | 19.5万元 | 中签号公布及缴款日 | 2025.12.11 | 元创股份今日开启申购，公司此次发行总数为1960.00万股，其中网上发行1960.00万股，申购代码 001325，申购价格24.75元 ，发行市盈率为12.93倍，单一账户申购上限为1.95万股，申购数量为500股的 整数倍。 公司是一家专业从事研发、生产、销售橡胶履带类产品的企业。 募集资金用途 | | | | 生产基地建设项目 | 40000.00 | | --- | --- | | 补充流动资金项目 | 6000.00 | | 技术中心建设项目 | 2513.17 | 主要财务 ...

路演现场，公司方在回复投资者提问时表示，公司荣获中国橡胶工业协会评定的"中国传动带、橡胶履 带十强/八强企业"（唯一一家橡胶履带专营企业）、"中国橡胶履带强势企业"、"胶管胶带行业产品单 项冠军"等荣誉称号。根据最新的QYResearch研究报告、中国橡胶工业协会胶管胶带分会出具的《证 明》，公司的国内市场占有率排名第一。 元创科技股份有限公司首次公开发行股票并在深交所主板上市网上路演于2025年12月8日（星期一） 14:00-17:00在全景路演成功举行。 ...

元创股份是一家专业从事研发、生产、销售橡胶履带类产品的企业，主要产品包括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板，作为履带式机械 的行走部件，最终应用于农业生产、工程施工等不同应用领域。 公司12月9日开始申购，发行价格24.75元/股，发行前市值14.55亿，发行市盈率是12.93倍，行业市盈率26.37倍，属于深市主板，保荐人是国泰海通证券。 公司从2022年~2024年间，营收分别是12.61亿、11.41亿，13.49亿，2024年的营收同比增长18.19%；净利润分别是1.389亿、1.776亿、1.547亿，2024年的 净利润同比增长-12.94%。 公司预计2025年营收比同比增长4.82%，净利润同比增长1.50%，扣非净利润同比增长2.38%。 （来源：小散老俞） 元创股份是一家专业从事研发、生产、销售橡胶履带类产品的企业，主要产品包括农用机械橡胶履带、工程机械橡胶履带和橡胶履带板，作为履带式机械 的行走部件，最终应用于农业生产、工程施工等不同应用领域。 公司12月9日开始申购，发行价格24.75元/股，发行前市值14.55亿，发行市盈率是12.93倍，行业市盈率26.37倍，属于深 ...

智通财经APP讯，元创股份(001325.SZ)发布首次公开发行股票并在主板上市招股说明书，本次发行数量 1960万股，占发行后公司总股本的25%，全部为公开发行新股，不安排公司股东公开发售股份。此次发 行上市申购日期为2025年12月9日。 该公司主营业务为橡胶履带类产品的研发、生产与销售，主要产品包括农用机械橡胶履带、工程机械橡 胶履带和橡胶履带板，作为联合收割机、挖掘机、装载机、摊铺机等多种履带式农用或工程机械的行走 部件，最终应用于农业生产、工程施工等不同应用领域。 报告期内，公司营业收入整体呈增长趋势，分别为12.61亿元、11.41亿元、13.49亿元和6.52亿元;同期公 司扣除非经常性损益前后孰低的净利润分别为1.37亿元、1.76亿元、1.5亿元和7256.54万元。公司经营规 模较大，整体具有较好的经营稳健性和盈利能力。 本次募集资金拟投资项目围绕主营业务进行，实际募集资金扣除发行费用后，拟按照轻重缓急顺序投资 于以下项目：生产基地建设项目、技术中心建设项目以及补充流动资金项目。拟使用募集资金投资合计 4.85亿元。 ...

天眼查App显示，近日，肇庆市鹏顺橡胶制品有限公司成立，法定代表人为刘兰兰，注册资本1万人民 币，经营范围为一般项目：橡胶制品制造；橡胶制品销售；塑料制品制造；塑料制品销售；新材料技术 研发；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；五金 产品零售；五金产品批发；五金产品制造；体育用品及器材制造；体育用品及器材批发；工艺美术品及 礼仪用品销售（象牙及其制品除外）；互联网销售（除销售需要许可的商品）；日用品批发；日用品销 售；日用百货销售；厨具卫具及日用杂品批发；国内贸易代理；图文设计制作；专业设计服务；表面功 能材料销售；包装服务；电子产品销售；货物进出口；技术进出口。（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，河北富迅橡胶制品有限公司成立，法定代表人为高栋迅，注册资本100万人民 币，经营范围为一般项目：汽车零部件及配件制造;汽车零配件零售;机械零件、零部件销售;橡胶制品制 造;橡胶制品销售;塑料制品制造;塑料制品销售;金属链条及其他金属制品制造;金属制品销售;五金产品制 造;五金产品零售;金属材料销售（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）。 ...

海南自贸港加工增值免关税政策下内销货值突破110亿元 本文为转载内容，授权事宜请联系原著作权人 中新网海口11月28日电 (吴淑延 杨娜)加工增值内销免关税政策是海南自贸港"一线放开、二线管住"最 核心的税收政策之一。据海口海关28日统计，该政策自2021年实施截至2025年10月，加工增值内销货值 约110.96亿元，免征关税约8.6亿元。 海口海关表示，下一步将持续聚焦政策实施效能提升，探索扩大政策适用范围，提高企业办事便利化水 平，进一步释放加工增值免关税政策红利，确保海南自贸港封关运作平稳有序。(完) 来源：中国新闻网 编辑：万可义 广告等商务合作，请点击这里 海关数据显示，截至目前，海南省获批加工增值免关税试点企业共129家，享惠主体从最初海关特殊监 管区内的粮油、肉类等产业企业，扩大到如今区外的医药、咖啡、珠宝等生产加工领域。 2021年7月，海南自贸港加工增值内销免关税政策在洋浦保税港区落地实施。2022年12月，该政策扩大 至海关特殊监管区域外进行试点，政策效应持续扩大。2024年9月按"三不限"原则进行压力测试后，相 关试点企业不再限定为海南自贸港重点园区内的海关高级认证企业，海南自贸港内符 ...

天眼查App显示，近日，濮阳市文武橡胶制品有限公司成立，法定代表人为王斌，注册资本100万人民 币，经营范围为一般项目：橡胶制品制造；橡胶制品销售；计算机软硬件及辅助设备零售；日用杂品制 造；日用杂品销售；包装材料及制品销售；电子产品销售；皮革制品制造；皮革制品销售；箱包销售； 办公用品销售（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）。 ...

Group 1 - The Chengdu Taxation Bureau is actively supporting local enterprises in international expansion, particularly in the context of the Belt and Road Initiative, by organizing forums and enhancing communication among businesses [3] - The Chengdu Taxation Bureau has developed a tax guide for Belt and Road countries to help enterprises navigate cross-border investment risks, resulting in 148 local companies investing a total of 6.807 billion yuan, a year-on-year increase of 2.8% [3] - The Chengdu Taxation Bureau is leveraging big data to identify eligible companies for tax incentives, which has led to increased R&D investments and significant growth in export revenues for companies like Sichuan Yuansheng Rubber Co., Ltd. [4] Group 2 - The construction of the Manang-Maxiangdi Hydropower Station by the Sichuan Investment International Nepal Hydropower Joint Development Investment Company is a major project with a total investment of 323 million USD and a capacity of 135,000 kW, aimed at enhancing China-Nepal energy cooperation [2] - The project faces challenges due to Nepal's strict withholding tax system and the need for professional tax support to manage cross-border tax disputes and risks [2] - The Chengdu Taxation Bureau's "Tax Road Pass·Inclusive" cross-border tax service brand aims to optimize tax services and provide personalized support for enterprises, facilitating higher levels of openness in Chengdu [4]