今天，东莞又一家企业上市——马可波罗上市了。马可波罗主营建筑陶瓷研发、生产和销售，是建筑陶 瓷行业龙头。上市首日股票大涨128.8%，总市值达376亿！随着上市，三位主要股东身家暴涨：黄建持 股市值超140亿、谢悦增超45亿、邓建华超30亿。同时，很多员工通过持股平台间接持有公司股票，随 着上市也一夜暴富，超过100名员工，所持股票市值达到了上百万-几千万之间，有21人超千万，90多人 超300万！ ...

公司主营业务为建筑陶瓷的研发、生产及销售。 统计显示，公司本次发行总量为1.19亿股，其中，网上发行量为7528.00万股，发行价格为13.75元/股， 发行市盈率14.27倍，行业平均市盈率32.20倍，网上发行最终中签率为0.0336849074%。公司首发募资 金额为16.43亿元，募资主要投向广东东唯新材料有限公司年产540万平方米特种高性能陶瓷板材项目、 江西加美陶瓷有限公司智能陶瓷家居产业园(一期)建设项目、江西唯美陶瓷有限公司陶瓷生产线绿色智 能制造升级改造项目、马可波罗控股股份有限公司综合能力提升项目、广东家美陶瓷有限公司绿色智能 制造升级改造项目、江西和美陶瓷有限公司建筑陶瓷生产线绿色智能制造升级改造项目等。（数据宝） N马可波(001386)今日上市，开盘上涨140.73%，截至收盘涨幅回落至128.80%，全天成交量7570.42万 股，成交额25.82亿元，换手率77.36%。 今日上市新股表现 | 代码 | 简称 | 最新价（元） | 收盘涨跌幅（%） | 首日换手率（%） | | --- | --- | --- | --- | --- | | 001386 | N马可波 | 31. ...

Core Viewpoint - Marco Polo Holdings Co., Ltd. (hereinafter referred to as "Marco Polo") has successfully listed on the Shenzhen Stock Exchange, closing at 31.46 yuan with a significant increase of 128.80% on the first day of trading, indicating strong market interest and investor confidence in the company [1]. Company Overview - Marco Polo is one of the largest manufacturers and sellers of building ceramics in China, focusing on the research, production, and sales of ceramic tiles under its own brands, including "Marco Polo Tiles" and "Weimei L&D Ceramics" [1]. - The company operates five production bases located in Dongguan, Qingyuan, Fengcheng, Chongqing, and Tennessee, USA, producing both glazed and unglazed tiles [1]. Shareholding Structure - Before the issuance, Meiying Industrial held 69,215,850 shares, accounting for 64.36% of the total share capital, making it the controlling shareholder of Marco Polo [1]. - Huang Jianping, the actual controller of Meiying Industrial, holds a direct stake of 0.90% in Marco Polo and controls 95.55% of the voting rights through Meiying Industrial [2]. Financial Performance - Marco Polo's revenue for 2021, 2022, 2023, and projected for 2024 are 936,482.90 million yuan, 866,092.92 million yuan, 892,475.01 million yuan, and 732,430.90 million yuan respectively, indicating a downward trend [6][7]. - The net profit attributable to shareholders for the same years is 165,323.29 million yuan, 151,434.61 million yuan, 135,293.72 million yuan, and 132,690.66 million yuan, showing a decline in profitability [6][7]. Fundraising and Use of Proceeds - The total amount raised from the issuance is 1,643,015,000.00 yuan, with a net amount of 1,559,993,779.50 yuan after deducting issuance costs [4]. - The funds will be allocated to various projects, including the construction of an intelligent ceramic home industry park and upgrades to production lines for green intelligent manufacturing [4][5]. Future Projections - For the first half of 2025, Marco Polo expects a revenue of 321,820.43 million yuan, a decrease of 11.82% year-on-year, and a net profit of 65,467.61 million yuan, down 7.90% year-on-year [10]. - The company anticipates a revenue range of 485,000.00 million yuan to 510,000.00 million yuan for the first nine months of 2025, reflecting a decline compared to the previous year [11].

Core Viewpoint - Marco Polo Holdings Co., Ltd. has successfully listed on the Shenzhen Stock Exchange, with a significant opening price increase, but faces challenges including declining performance and high accounts receivable [2][3][4]. Company Overview - Marco Polo, founded in 1996 and headquartered in Dongguan, is a large enterprise group engaged in the research, production, and sales of building ceramics and sanitary ceramics, primarily owning the brands "Marco Polo Tiles" and "Weimei L&D Ceramics" [2]. - The company has five production bases located in Dongguan, Qingyuan, Fengcheng, Chongqing, and Tennessee, USA, focusing on glazed and unglazed tiles [2]. Financial Performance - The company reported revenues of 86.6 billion yuan, 89.25 billion yuan, and 73.24 billion yuan from 2022 to 2024, with net profits of 15.14 billion yuan, 13.53 billion yuan, and 13.27 billion yuan respectively, indicating a downward trend [4]. - In the first half of this year, revenues decreased by 11.82% year-on-year to 32.18 billion yuan, and net profit fell by 7.9% to 6.55 billion yuan [4]. - The company anticipates a revenue range of 48.5 billion to 51 billion yuan for the first three quarters of 2025, with a year-on-year decline of approximately 11.79% to 7.25% [4]. Market Challenges - The overall decline in the domestic ceramics industry has impacted Marco Polo's performance, with increasing competition leading to lower sales prices and volumes [4][5]. - The company has faced issues with high accounts receivable, which pose financial risks, particularly due to credit defaults from real estate clients [6][7]. Fundraising and Investment Plans - Marco Polo raised 16.43 billion yuan from its IPO, with plans to invest in capacity expansion and upgrades to production lines for green and intelligent manufacturing [8]. - The company aims to increase its production capacity by 10 million square meters through the construction of a new ceramic home industry park in Jiangxi [8]. Technological Innovation - Marco Polo holds 916 patents, including 232 domestic invention patents, and has achieved significant technological breakthroughs, showcasing its strength in innovation and intellectual property protection [9].

Core Points - Marco Polo Holdings Co., Ltd. was listed on the Shenzhen Stock Exchange on October 22, with an initial public offering of 119.49 million shares at a price of 13.75 yuan per share, raising 1.643 billion yuan in new funds [1][3] - The company reported a revenue of 7.324 billion yuan and a net profit of 1.326 billion yuan for the fiscal year 2024 [1] - On the first trading day, Marco Polo's stock opened at 33.10 yuan, reflecting a 140.73% increase [1] Fundraising and Projects - The total amount raised from the issuance was 1.643 billion yuan, with a net amount of 1.560 billion yuan after deducting issuance costs [3] - The raised funds will be allocated to several projects, including the construction of an intelligent ceramic home industry park and upgrades to green intelligent manufacturing for various ceramic production lines [3] Financial Performance - For the first half of 2025, the company achieved a revenue of 3.218 billion yuan, with a net profit attributable to shareholders of 654.68 million yuan, and a net profit after deducting non-recurring gains and losses of 598.05 million yuan [5] - Marco Polo is recognized as one of the largest manufacturers and sellers of building ceramics in China [5]

Group 1 - The concept of "deep earth economy" has emerged as a market highlight, with several stocks experiencing significant gains, including De Shi Co., which hit a 20% limit up [1][4] - The deep earth economy focuses on the development of underground space and deep resources, covering areas such as geological exploration, underground engineering, deep drilling equipment, and technical services, aimed at addressing the depletion of surface resources and ensuring national energy security [4] - The Ministry of Natural Resources has indicated that during the 14th Five-Year Plan period, standardization efforts will focus on emerging industries like deep sea and deep earth [4] Group 2 - The A-share market experienced fluctuations, with major indices mostly declining; the Shanghai Composite Index fell by 0.44%, while the North China 50 Index rose by 1.19% [3] - The media sector led the gains, with a peak increase of over 1%, and several stocks, including Hubei Broadcasting, hitting the limit up [3] - The real estate sector also showed strong performance, with multiple stocks such as Yingxin Development and Guangming Real Estate reaching limit up [3] Group 3 - Gold-related stocks faced significant declines due to a sharp drop in gold prices, with several stocks in the A-share market and Hong Kong market experiencing losses exceeding 5% [6][5] - The price of gold on the Shanghai Gold Exchange fell sharply, with the Au99.99 contract dropping over 5% and reaching a low of 932 yuan per gram [6] - Silver prices also plummeted, with the main silver futures contract on the Shanghai Futures Exchange experiencing a drop of over 5% [7] Group 4 - The new stock Marco Polo saw a dramatic increase of over 190% on its debut, being one of the largest manufacturers and sellers of building ceramics in China [8] - Marco Polo operates five production bases in China and the U.S., focusing on both glazed and unglazed tiles, and has established several innovation platforms and high-tech enterprises [8]

Core Viewpoint - The concept of "deep earth economy" has emerged as a market highlight, with several stocks experiencing significant gains, particularly in the context of A-share market fluctuations [2][5][9]. Market Performance - On October 22, the A-share market experienced volatility, with major indices mostly declining. The Shanghai Composite Index fell by 0.44%, the Shenzhen Component Index by 0.81%, and the ChiNext Index by 0.89%. In contrast, the North Star 50 Index rose by 1.19% [4]. - The media sector led the gains, with a peak increase of over 1%, and several stocks, including Hubei Broadcasting, hitting the daily limit [4]. - The real estate sector also showed strength, with multiple stocks such as Yingxin Development and Bright Real Estate reaching their daily limit [4]. Deep Earth Economy - The deep earth economy focuses on the development of underground space and deep resources, encompassing geological exploration, underground engineering, deep drilling equipment, and technical services. This new economic model aims to address the depletion of surface resources and ensure national energy security and strategic development [8][9]. - Stocks related to the deep earth economy, such as Deshi Co., China Minmetals, and North China Holdings, saw significant price increases, with Deshi Co. hitting a 20% limit up [2][5]. Gold Sector Decline - The gold sector faced substantial declines, with multiple gold mining stocks dropping significantly. For instance, Western Gold fell over 6%, and several others saw declines exceeding 5% [11][14]. - The international gold price experienced a sharp drop, with the Shanghai Gold Exchange's Au99.99 contract price falling by over 5%, reaching a low of 932 yuan per gram [14]. New Stock Performance - The newly listed stock Marco Polo saw a dramatic increase, with its price rising over 190% during the morning session [16]. - Marco Polo is recognized as one of the largest manufacturers and sellers of building ceramics in China, with significant production capabilities across multiple locations [19].

统计显示，公司本次发行总量为1.19亿股，其中，网上发行量为7528.00万股，发行价格为13.75元/股， 发行市盈率14.27倍，行业平均市盈率32.20倍，网上发行最终中签率为0.0336849074%。公司首发募资 金额为16.43亿元，募资主要投向广东东唯新材料有限公司年产540万平方米特种高性能陶瓷板材项目、 江西加美陶瓷有限公司智能陶瓷家居产业园(一期)建设项目、江西唯美陶瓷有限公司陶瓷生产线绿色智 能制造升级改造项目、马可波罗控股股份有限公司综合能力提升项目、广东家美陶瓷有限公司绿色智能 制造升级改造项目、江西和美陶瓷有限公司建筑陶瓷生产线绿色智能制造升级改造项目等。（数据宝） 今日上市新股表现 N马可波(001386)今日上市，开盘上涨140.73%，截至上午收盘涨幅扩大至145.38%，半日成交量5665.11 万股，成交额19.66亿元，换手率57.89%。 公司主营业务为建筑陶瓷的研发、生产及销售。 | 代码 | 简称 | 最新价（元） | 上午收盘涨跌幅（%） | 半日换手率（%） | | --- | --- | --- | --- | --- | | 001386 | N马可波 | ...

Market Overview - Major market indices opened lower on October 22, with significant declines in the precious metals sector, including Hunan Silver and Xiaocheng Technology hitting the daily limit down [1] - The semiconductor sector experienced notable declines, with DiAo Microelectronics dropping over 9% at one point, and several other stocks like Hengshuo Co., New Energy Clean, and Zhaoyi Innovation falling more than 3% [2] Sector Performance - The engineering machinery sector showed resilience, with Iron Tuo Machinery hitting the daily limit up, alongside Construction Machinery and Southern Road Machinery also reaching the limit up [3] - Real estate stocks surged, with nearly 10 stocks including Yingxin Development and Tianbao Infrastructure hitting the daily limit up. The National Bureau of Statistics reported an expanded month-on-month decline in new home sales prices in September, indicating a potential stabilization in the real estate market due to supportive policies [3] New Listings - N Marco Polo was listed today with an opening price of 33.10 yuan, marking a 140.73% increase. The company is a leading manufacturer and seller of building ceramics in China, owning brands like "Marco Polo Tiles" and "Weimei L&D Ceramics" [4] Financing Activities - As of October 21, the total market financing balance reached 2.43 trillion yuan, an increase of 140.54 billion yuan from the previous trading day. Notably, 38 stocks had a net financing inflow of over 100 million yuan, with seven stocks exceeding 500 million yuan in net inflow [6][7] - The top net inflow stocks included Cambrian-U with 1.196 billion yuan, followed by Luxshare Precision and Industrial Fulian with 674 million yuan and 657 million yuan, respectively [8] Institutional Holdings - As of the end of the third quarter, insurance funds were reported to hold shares in 30 stocks among the top ten circulating shareholders, with notable holdings in Guoyao Co., Pinggao Electric, and China Mobile [9][10]

Group 1 - Marco Polo officially listed on the Shenzhen Stock Exchange main board on October 22 [1] - The company focuses on the research, production, and sales of architectural ceramics, with two main brands: "Marco Polo Tiles" and "Weimei L&D Ceramics" [1] - Marco Polo has five production bases located in Dongguan, Qingyuan (Guangdong), Fengcheng (Jiangxi), Rongchang (Chongqing), and Tennessee (USA) [1] Group 2 - The public offering consisted of 119 million shares at a price of 13.75 yuan per share, raising a total of 1.643 billion yuan [1] - The raised funds will be used for various projects, including the construction of an intelligent ceramic home industry park and green intelligent manufacturing upgrades for production lines [1] - Project allocations include upgrades for Jiangxi Jamei Ceramics, Jiangxi Weimei Ceramics, Guangdong Jamei Ceramics, and Jiangxi Hemei Ceramics [1] Group 3 - Projected revenues for Marco Polo from 2022 to 2024 are 8.661 billion yuan, 8.925 billion yuan, and 7.324 billion yuan respectively [1] - Projected net profits for the same period are 1.514 billion yuan, 1.353 billion yuan, and 1.327 billion yuan respectively [1]