Summary of Key Points Core Viewpoint - The Beijing Stock Exchange (BSE) has seen significant trading activity and new listings, indicating a growing market with increased investor interest and participation. Trading Activity - As of May 18, 2025, there are 266 companies listed on the BSE with a total share capital of 36.498 billion shares and a circulating share capital of 23.096 billion shares [2] - For the week of May 12 to May 18, the trading volume reached 8.072 billion shares, a week-on-week increase of 42.28%, while the trading amount was 173.488 billion yuan, up 39.35% from the previous week [3] - The average trading price during this period was 21.49 yuan, reflecting a decrease of 2.06% [3] - The BSE 50 Index rose by 3.13% to 1422.43 points, with 25 stocks increasing, none remaining flat, and 25 declining [3] New Listings - One company successfully listed on the BSE during the week, bringing the total to 266 [6] - Tian Gong Co., Ltd. (stock code: 920068) was the latest addition, listed on May 13, 2025, and is the first company to split from a Hong Kong stock to list on the BSE [7] - On its first trading day, Tian Gong's stock peaked with a 498.98% increase, closing at 20.17 yuan, a rise of 411.93% with a trading volume of 1.076 billion yuan [7] - As of May 19, 2025, Tian Gong's stock price reached 22.99 yuan, with a total market capitalization of 14.9 billion yuan, reflecting a 4.45% increase from its listing day [7] Upcoming Listings and Applications - As of May 18, 2024, there are 62 companies awaiting approval for listing on the BSE, including 5 under review, 48 in inquiry, and 8 submitted for registration [5] - One company, Youli Intelligent Equipment Co., Ltd. (stock code: 874325), passed the listing committee meeting during this period [12] - Youli Intelligent plans to raise 358 million yuan for the construction of a production base for photovoltaic support components and other projects [13] Financial Performance of Listed Companies - Tian Gong's revenue for 2022 to 2024 was 383 million yuan, 1.035 billion yuan, and 801 million yuan, with net profits of 70.31 million yuan, 175 million yuan, and 174 million yuan respectively [9] - For the first quarter of 2025, Tian Gong expects to achieve revenue of 192 million yuan [10] - Youli Intelligent's revenue for the same period was 433 million yuan, 658 million yuan, and 729 million yuan, with net profits of 42.19 million yuan, 78.17 million yuan, and 90.05 million yuan [14] Other Companies in the Pipeline - Several companies, including Yuelong Technology, Kelairedi, and Kanghua Co., have passed the counseling acceptance process, indicating their readiness for potential listing [20][21][24] - These companies are involved in various sectors, including medical devices, chemical pharmaceuticals, and tourism services, showcasing the diversity of industries represented on the BSE [24][26][27]

Group 1: New IPOs - This week, there are two new stocks available for subscription, one on the Shanghai Stock Exchange and one on the Shenzhen Stock Exchange [1] - The Shanghai Stock Exchange new stock, Zhongce Rubber, is one of the largest tire manufacturers in China, focusing on the research, production, and sales of all-steel tires, semi-steel tires, bias tires, and automotive tires [2][7] - The Shenzhen Stock Exchange new stock, Guqi Down Material, specializes in high-spec down products, with a focus on the research, production, and sales of down products used in clothing and bedding [3][6] Group 2: Company Performance - Zhongce Rubber's revenue for 2023 to Q1 2025 is projected to be 35.252 billion yuan, 39.255 billion yuan, and 10.641 billion yuan, respectively, with net profits of 2.638 billion yuan, 3.787 billion yuan, and 1.152 billion yuan [2] - Guqi Down Material's revenue for the same period is expected to be 830 million yuan, 967 million yuan, and 193 million yuan, with net profits of 122 million yuan, 168 million yuan, and 38.1 million yuan [3] Group 3: Fundraising and Projects - Zhongce Rubber plans to raise 4.85 billion yuan through its IPO to fund projects including a high-performance radial tire green 5G digital factory and a production line for 2.5 million sets of all-steel radial heavy-duty tires [3] - Guqi Down Material aims to raise 604 million yuan for projects such as a green manufacturing project for functional down and upgrading its technology and research center [3] Group 4: Regulatory Changes - The China Securities Regulatory Commission has revised the "Regulations on the Supervision of Fundraising by Listed Companies," emphasizing that raised funds should be used specifically for main business operations and improving the efficiency of fund usage [4][5] - The revised regulations also impose stricter supervision on changes in the use of raised funds and require timely disclosure of any related issues [5]

Group 1: New Stock Subscription and Listings - A new stock subscription for GQ Down Material (001390.SZ) occurred on May 19, with two other stocks, Taili Technology (301595.SZ) and Weigao Blood Purification (603014.SH), being listed [1][2] Group 2: GQ Down Material - GQ Down Material focuses on the R&D, production, and sales of high-spec down products, primarily goose and duck down, serving the apparel and bedding industries [2] - The company aims to invest 2.82 billion yuan in a green manufacturing project for 2,800 tons of functional down, 0.54 billion yuan in upgrading its technology and R&D center, and 1.65 billion yuan for working capital [4] - GQ Down Material is a leader in the down materials industry in China, supplying approximately 12% of the down clothing market in 2022 [5][6] Group 3: Taili Technology - Taili Technology specializes in new materials R&D and vacuum technology applications, producing various home storage products and related functional materials [7] - The company plans to allocate 3.20 billion yuan for the construction of a production and logistics center, 0.74 billion yuan for a R&D center, and 1.00 billion yuan for working capital [11] - Taili Technology is the exclusive supplier of compression bags for China's aerospace sector, with products used in space missions [11] Group 4: Weigao Blood Purification - Weigao Blood Purification, established in 2004, focuses on the R&D, production, and sales of medical products for blood purification, including dialysis machines and related consumables [13] - The company intends to invest 3.42 billion yuan in intelligent production construction, 2.26 billion yuan in dialysis machine production, and 4.00 billion yuan for working capital [15][16] - Weigao Blood Purification holds a 32.5% market share in the domestic blood dialysis machine sector, ranking first in the industry [17]

Group 1: Tai Li Technology - Tai Li Technology focuses on new material research and vacuum technology applications, producing a variety of household storage products and related functional materials [1][3] - The company has a market capitalization of 13.85 billion yuan and an issue price of 17.05 yuan per share, with an issuance P/E ratio of 21.55 [2] - Tai Li Technology is the exclusive supplier of vacuum compression bags for China's space missions, with products used in space 25 times, ensuring safety in a vacuum environment [3] - The company has implemented an omnichannel strategy, transitioning from traditional distribution to primarily online sales, covering major platforms in China and internationally [3] Group 2: Weigao Blood Purification - Weigao Blood Purification specializes in the research, production, and sales of medical products for blood purification, including hemodialysis devices and peritoneal dialysis solutions [4][5] - The company has a market capitalization of 26.50 billion yuan and an issue price of 27.57 yuan per share, with an issuance P/E ratio of 24.82 [5] - Weigao Blood Purification holds a 32.5% market share in the domestic hemodialysis device sector, ranking first in the industry [8] - The company has developed a neutral peritoneal dialysis solution in collaboration with a well-known international blood purification company, holding a 3.6% market share in the peritoneal dialysis solution sector [8] - Weigao Blood Purification has established a comprehensive anti-commercial bribery policy and conducts training for employees to mitigate risks associated with unethical practices in the industry [9]

Company Overview - Guangdong Taili Technology Group Co., Ltd. was established in 2003 and focuses on the research, manufacturing, and application of new composite materials, holding over 1,000 patents globally [2] - The company is a key collaborator in China's manned space program, having accompanied astronauts on 25 space missions, and is a supplier to major global retailers such as IKEA, Costco, and Walmart [2] - Taili's main business includes technology services, synthetic materials manufacturing and sales, household goods manufacturing, and various other related activities [2] Financial Performance - In 2024, the company reported a main revenue of 1.02 billion yuan, an increase of 22.07% year-on-year [5] - The net profit attributable to shareholders was 87.64 million yuan, up 3.16% year-on-year, while the net profit after deducting non-recurring gains and losses was 85.68 million yuan, an increase of 6.1% [5] - The company's debt ratio stands at 31.68%, with a gross profit margin of 57.55% [5] Industry Insights - The global plastic products market reached a size of 593 billion USD in 2021 and is projected to grow to 754.3 billion USD by 2027 [3] - The daily plastic products industry in China is characterized by low overall concentration, with many manufacturers and varying technical levels, leading to a competitive landscape [4] - The storage products industry is beginning to form a competitive structure, with leading brands like Taili, Jiabangshou, and Chahua representing the first tier, while smaller brands and manufacturers occupy lower tiers [4]

Core Viewpoint - S Giti Tire Co., Ltd. (referred to as "S Giti") is facing challenges in its share reform process, which has not yet been approved by shareholders despite two previous attempts, leading to concerns among small and medium investors about the company's communication and transparency [2][3]. Group 1: Company Overview - S Giti primarily engages in the production and sales of automotive tires and is currently the only listed company that has not completed its share reform [3]. - The company has initiated share reform twice but has not received approval from the shareholders' meeting [2]. Group 2: Investor Concerns - Small and medium investors are particularly concerned about the lack of progress in the share reform, which involves complex issues of equity structure adjustment and profit distribution [3]. - Effective communication with investors is crucial, and the company is encouraged to disclose updates on the share reform process, details of the plan, and potential impacts to help investors understand the decision-making logic [4]. Group 3: Management Response - During the earnings briefing, management acknowledged the need for better communication with investors and emphasized the importance of timely and transparent information disclosure [4]. - The management assured that necessary daily related transactions would be fair and equitable, and they aim to reward investors with good long-term performance [4]. - The current dividend policy focuses on annual dividends, with considerations for mid-term dividends based on industry characteristics, company operations, and mid-term profitability [4].

证券代码：301233 证券简称：盛帮股份 成都盛帮密封件股份有限公司投资者关系活动记录表 编号：2025-005 | 投资者关系活动 | ☑特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 国泰海通证券：刘一鸣 | | 人员姓名 | | | 时间 | 2025 年 5 月 16 日星期五 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书：黄丽 | | 员姓名 | | | | 1、公司董事会秘书黄丽女士介绍公司整体情况。 | | | 2、投资者提问关于目前公司汽车业务和电气业务发展情况， | | | 董事会秘书黄丽女士介绍了公司主营业务中的汽车业务及电 | | 投资者关系活动 | 气业务的技术发展情况及公司目前相关业务的发展现状。 | | 主要内容介绍 | 3、投资者提问关于目前公司相关业务发展优势，公司董事会 | | | 秘书回复，公司在长期的发展过程中逐渐形成了产品材料数 | | | 据库、模具设计开 ...

策 略 研 究 新股申购 2025 年 05 月 16 日 中策橡胶：我国销售规模最大的轮胎 制造企业之一 ——注册制新股纵览 20250516 本期投资提示： 相关研究 证券分析师 彭文玉 A0230517080001 pengwy@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 研究支持 朱敏 A0230524050004 zhumin@swsresearch.com 联系人 朱敏 (8621)23297818× zhumin@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 申 购 策 略 证 券 研 究 报 告 - ⚫ AHP 得分——剔除流动性溢价因素后，中策橡胶 1.86 分，位于总分的 25.0%分位。中策 橡胶于 2025 年 5 月 15 日招股，将在主板上市。剔除、考虑流动性溢价因素后，我们测算 中策橡胶 AHP 得分为 1.86 分、1.38 分，分别位于非科创体系 AHP 模型总分 25.0%分位、 30.5%分位，处于中游偏下、下游偏下水平。假设 ...

广东太力科技集团股份有限公司 首次公开发行股票并在创业板上市 之上市公告书提示性公告 保荐人（主承销商）：民生证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 经深圳证券交易所审核同意，广东太力科技集团股份有限公司（以下简称"太 力科技"、"本公司"、"发行人"）发行的人民币普通股股票将于 2025 年 5 月 19 日在深圳证券交易所创业板上市，上市公告书全文和首次公开发行股票并在 创业板上市招股说明书全文披露于中国证券监督管理委员会指定信息披露网站： 巨潮资讯网（www.cninfo.com.cn）；中证网（www.cs.com.cn）；中国证券网 （www.cnstock.com）；证券时报网（www.stcn.com）；证券日报网（www.zqrb.cn）； 经济参考网（www.jjckb.cn）；中国金融新闻网（www.financialnews.com.cn）； 中国日报网（www.chinadaily.com.cn），供投资者查阅。 一、上市概况 | | | 日收 T-4 | 年扣 2024 | 年 2024 扣非后 | 对应的静 ...

股票简称：太力科技 股票代码：301595 广东太力科技集团股份有限公司 Guangdong Taili Technology Group Co.,Ltd. （中山市石岐区湖滨北路 40 号之二前座） 首次公开发行股票并在创业板上市 之上市公告书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二五年五月 广东太力科技集团股份有限公司 上市公告书 特别提示 广东太力科技集团股份有限公司（以下简称"太力科技"、"本公司"、"公 司"或"发行人"）股票将于 2025 年 5 月 19 日在深圳证券交易所（以下简称 "深交所"）创业板上市。 （一）"本公司及全体董事、监事、高级管理人员保证上市公告书的真实性、 准确性、完整性，承诺上市公告书不存在虚假记载、误导性陈述或者重大遗漏， 并依法承担法律责任"； （二）"深圳证券交易所、有关政府机关对本公司股票上市及有关事项的意 见，均不表明对本公司的任何保证"； 创业板公司具有业绩不稳定、经营风险高、退市风险大等特点，投资者面临 较大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风 险因素，审慎做出投资决定。 本公司提醒投资者应充分 ...