招股书介绍，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品研发、生产和销售的高新技术企业，业务分为金属复合材料及制品和 特种有色金属合金制品板块。 公司下游客户主要为航空航天、军工电子、智能终端等领域的知名客户，主要客户包括中国航空工业集团有限公司下属子公司、中国电子科技集团有限公 司下属子公司、比亚迪（002594）等。 本次有研复材拟募资9亿元，分别用于先进金属基复合材料产业化项目二期、研发中心项目、补充流动资金。 | 序号 | 项目名称 | 项目总投资额 | 拟投入募集资金金额 | | --- | --- | --- | --- | | 1 | 先进金属基复合材料产业化项目二期 | 64.449.83 | 64.449.83 | | 2 | 研发中心项目 | 12,955.89 | 12,955.89 | | 3 | 补充流动资金 | 12.594.28 | 12.594.28 | | | 合计 | 90,000.00 | 90,000.00 | 12月5日，据上交所官网，有研金属复合材料(北京)股份公司(下称"有研复材")披露上会稿。上海证券交易所上市审核委员会定于2025年12月12 ...

12月5日，据上交所官网，有研金属复合材料（北京）股份公司（下称"有研复材"）披露上会稿。上海证券交易所上市审核委员会定于2025年12月12日召开 2025年第63次上市审核委员会审议会议，审议有研复材(首发)。 | 公司全称 | 有研金属复合材料（北京）股份公司 | 受理日期 | | --- | --- | --- | | 公司简称 | 有研复材 | 融资金额(亿 | | 审核状态 | 已问询 | 更新日期 | | 保荐机构 | 中信证券股份有限公司 | 保荐代表人 | | 会计师事务所 | 信永中和会计师事务所 (特殊普通合伙) | 签字会计师 | | 律师事务所 | 北京德恒律师事务所 | 签字律师 | | 评估机构 | | 签字评估师 | 招股书介绍，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品研发、生产和销售的高新技术企业，业务分为金属复合材料及制品和特 种有色金属合金制品板块。 公司下游客户主要为航空航天、军工电子、智能终端等领域的知名客户，主要客户包括中国航空工业集团有限公司下属子公司、中国电子科技集团有限公司 下属子公司、比亚迪等。 本次有研复材拟募资9亿元，分别用于先进金 ...

天眼查App显示，近日，周口锚坎金属有限公司成立，法定代表人为马冬薇，注册资本100万人民币， 经营范围为一般项目：建筑材料销售；供应链管理服务；金属矿石销售；金属链条及其他金属制品销 售；家用电器销售；有色金属合金销售；金属材料销售；家具销售；建筑用钢筋产品销售；机械设备销 售；机械设备租赁；五金产品零售；汽车零配件零售（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）。 ...

Core Insights - Handan Zhide New Materials Technology Co., Ltd. has been established with a registered capital of 200,000 RMB [1] Company Overview - The legal representative of the company is Qin Lei [1] - The company operates in various sectors including manufacturing and sales of metal signs for traffic and public management, metal chains and other metal products, construction steel products, photovoltaic equipment and components, and electrical cables [1] Business Scope - The business scope includes general projects such as: - Manufacturing and sales of traffic and public management metal signs [1] - Manufacturing and sales of metal chains and other metal products [1] - Sales of construction steel products [1] - Manufacturing and sales of photovoltaic equipment and components [1] - Sales of electrical wires, cables, and optical cables [1] - Sales of non-ferrous metal alloys and distribution switch control equipment [1]

Group 1 - The core viewpoint of the article highlights that aerospace is a significant market for the company, indicating its strategic importance in the company's operations [1] - The company has developed several products, including refractory alloys, soft magnetic alloys, precision alloys, and strips, which are currently applied in the aerospace sector [1]

Core Viewpoint - Guangdong Hengjin Metal Co., Ltd. (referred to as "Hengjin Metal") has submitted an application for listing on the Beijing Stock Exchange, but its "clear-out dividend" strategy may pose a significant obstacle to its IPO due to excessive cash dividends that raise concerns about the authenticity of its financial disclosures [1][5][19]. Financial Performance - Hengjin Metal's revenue and net profit have shown significant fluctuations, with revenue of 9.5 billion yuan in 2022, 8.44 billion yuan in 2023, and projected growth to 10.19 billion yuan in 2024, while net profit figures were 1.14 billion yuan, 0.94 billion yuan, and expected to rise to 1.15 billion yuan in 2024 [3][16][17]. - The company has implemented cash dividends totaling 264 million yuan over the last three years, which accounts for 81.73% of its net profit of 323 million yuan during the same period, exceeding the 80% threshold set by regulatory guidelines [4][18][19]. Dividend Concerns - The cash dividends have raised questions regarding the authenticity of financial disclosures, as discrepancies exist between the reported dividend amounts in the prospectus and previous filings, particularly regarding the 2022 dividend of 24.885 million yuan [5][21]. - The majority of the cash dividends have flowed to the controlling shareholder, Junhui International, and its affiliates, leading to a significant reduction in the company's cash and assets [1][8][22]. Research and Development - Hengjin Metal has the lowest R&D expense ratio compared to its peers, with R&D expenses of 20.637 million yuan in 2022, representing only 2.17% of revenue, while the average for comparable companies exceeds 3% [15][23][24]. - The company attributes its low R&D expense ratio to the sale of metal waste generated during R&D activities, which reduces the reported costs [24][25]. Sales Performance - The company relies heavily on export sales, with export revenue accounting for over 55% of total revenue in recent years, and the gross margin for export sales significantly exceeds that of domestic sales, with a difference of 18-27 percentage points [10][25][26]. - The gross margin for export sales was reported at 30.44% in 2022, while domestic sales only achieved a margin of 12.65% [10][25]. Control and Governance Issues - The actual controller of Hengjin Metal, Sun Zhiheng, has been declared legally incapacitated, raising questions about the governance and decision-making capabilities within the company [12][27][28]. - Despite being recognized as the actual controller, concerns remain regarding whether Sun Zhiheng can effectively protect the company's interests and make significant strategic decisions [27][28].

利通电子（603629.SH）12月5日在投资者互动平台表示，您好！公司的精密金属结构件产品主要应用 于电视机，不涉及您提及的产品。谢谢！ （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：您好，请问公司生产的金属精密件可否用于AIPC，AI 手机？ ...

Group 1 - The core viewpoint of the article highlights that aerospace is a significant market for the company, indicating its strategic importance in the company's operations [1] - The company has developed various products, including refractory alloys, soft magnetic alloys, precision alloys, and strips, which are currently applied in the aerospace sector [1]

天眼查App显示，近日，汉源县耀坤金属科技有限责任公司成立，法定代表人为李绍烈，注册资本20万 人民币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；金 属矿石销售；有色金属压延加工；有色金属合金销售；高性能有色金属及合金材料销售；建筑装饰、水 暖管道零件及其他建筑用金属制品制造；常用有色金属冶炼；煤炭及制品销售；非金属矿物制品制造； 非金属矿及制品销售；黑色金属铸造；金银制品销售；隔热和隔音材料制造；隔热和隔音材料销售；矿 山机械销售；选矿；颜料销售；专用化学产品制造（不含危险化学品）；非金属废料和碎屑加工处理； 金属废料和碎屑加工处理；化工产品销售（不含许可类化工产品）；轻质建筑材料销售；金属包装容器 及材料制造；国内贸易代理；塑料制品销售；劳务服务（不含劳务派遣）；土石方工程施工；新材料技 术研发。（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）（涉及国家规定实施准入特 别管理措施的除外）。 ...

Core Viewpoint - Guangdong Xinwang Micro-Rolling Technology Co., Ltd. has been established with a registered capital of 10 million RMB, focusing on various technological and manufacturing services in the new materials and machinery sectors [1] Company Overview - The company is legally represented by Zhong Chaohong and has a registered capital of 10 million RMB [1] - The business scope includes research and development in new materials technology, technical services, and various manufacturing processes [1] Business Activities - The company engages in general projects such as new materials technology research and development, technical consulting, and industrial design services [1] - It is involved in the manufacturing and sales of gears, gear reducers, and transmission boxes, as well as mold manufacturing and sales [1] - The company also focuses on specialized equipment manufacturing, mechanical parts processing, and sales [1] Additional Services - The company offers services related to lubricants sales, metallurgy specialized equipment manufacturing, and sales [1] - It is engaged in the research and development of mechanical equipment and has capabilities for import and export of goods and technology [1] - The company also deals with non-ferrous metal casting, smelting, alloy manufacturing, and processing [1]