Core Viewpoint - The stock of Beikang Testing (920160) surged by 295.52% on its first trading day, with a turnover rate of 88.46% and a transaction volume of 660 million yuan [2] Group 1: Stock Performance - On its debut, Beikang Testing's stock price increased by 295.52% [2] - The stock achieved a turnover rate of 88.46% on the first day of trading [2] - The total transaction amount for the stock on its first day was 660 million yuan [2] Group 2: Financing and Margin Trading - The financing buy-in amount for Beikang Testing on its first trading day was 4.6712 million yuan, accounting for 0.71% of the total trading volume [2] - The latest financing balance for the stock is 4.2835 million yuan, representing 0.63% of its circulating market value [2]

数据显示，成本指数为99.75，环比略有下降（指数越高成本越低），其中信息化成本、固定成本、外 部评审成本3项指数上升。营收指数为99.35，连续两个季度小幅上升，其中检验检测报告价格、检验检 测服务收入变化2项指数略有上升，其他技术服务收入指数略有下降，显示行业承压但有逐渐向好趋 势。 发展潜力指数为103.32，较上季度上升0.16，其中国际市场（业务）需求、资本金融供给、政府政策措 施改革红利、先进新兴技术4项指数呈上升趋势。竞争指数为113.30，环比下降0.74，但仍处于较高竞争 烈度区间。风险指数方面，行业整体风险指数（指数越高风险越低）为101.21，较上季度提升0.11，表 明行业整体风险略有降低。 本报北京11月18日电（记者孔德晨）近日，国家市场监督管理总局公布2025年第三季度检验检测行业综 合景气指数及分项指数。综合景气指数为101.28，环比略升，继续位于景气线（100）以上。分项指数 中，成本指数、营收指数、发展潜力指数、风险指数均保持平稳运行，竞争指数虽仍处高位但有所下 降，行业总体向好。 ...

Group 1: Express Delivery Industry - In the first ten months of 2025, the express delivery business volume reached 162.68 billion pieces, a year-on-year increase of 16.1% [1] - The total revenue of the postal industry for the first ten months was 1.47005 trillion yuan, growing by 7.7% year-on-year, with express delivery revenue at 1.21741 trillion yuan, up 8.5% [1] - In October 2025, the express delivery business revenue was 131.67 billion yuan, reflecting a 4.7% year-on-year growth [1] Group 2: Safety and Compliance in Industry - A significant poisoning and asphyxiation accident at Xinjiang Bayi Iron and Steel Co. resulted in four fatalities, highlighting management deficiencies in contractor oversight and safety protocols [2] - The incident underscores the need for stricter adherence to safety regulations and thorough investigations into recurring safety issues within contracting firms [2] Group 3: Quality Assurance in Pharmaceutical Industry - The National Medical Insurance Administration held discussions emphasizing that drug quality is critical for companies, with a focus on compliance with production quality management standards [4] - New mechanisms introduced in the 11th batch of national drug procurement aim to enhance quality control and prevent excessive price competition among pharmaceutical companies [4] Group 4: Power Infrastructure Development - Five inter-regional power mutual assistance projects have been approved, with a total investment of 24.4 billion yuan, aimed at enhancing cross-regional power supply capabilities [5] - These projects will include the construction of five new flexible direct current converter stations, expected to increase inter-provincial power transfer capacity by 15 million kilowatts [5] Group 5: Automotive Chip Industry - The National Market Supervision Administration announced advancements in the certification and review technical system for domestic automotive chips, marking a significant step in quality assurance for the industry [3] - The initiative aims to address challenges in the industrial application of domestic automotive chips and enhance their market acceptance [3]

Core Insights - The company N北矿 (920160) was listed on the Beijing Stock Exchange, experiencing a significant opening increase of 360.90%, with a closing increase of 295.52% on its first trading day [2][3] - The company specializes in inspection and testing services, as well as the research, development, production, and sales of testing instruments [2] Financial Performance - The net profits for the company are projected to be 31.96 million yuan in 2022, 45.58 million yuan in 2023, and 55.13 million yuan in 2024 [3] - The company issued 28.32 million shares at an issuance price of 6.70 yuan, resulting in a price-to-earnings ratio of 14.99 [3] Market Activity - The public offering saw an effective subscription amount of 11,210,590.25 million shares, with a subscription multiple of 4,398.38 times and 591,500 effective subscription accounts, leading to an allocation ratio of 0.02% [3] - The trading volume for the stock on its first day was 22.5469 million shares, with a total transaction value of 660 million yuan and a turnover rate of 88.46% [2]

综合景气指数101.28 第三季度检验检测行业发展总体向好 中新网11月18日电 据国家市场监督管理总局网站消息，近日，市场监管总局公布2025年第三季度检验 检测行业综合景气指数及分项指数。综合景气指数为101.28，环比略升，继续位于景气线(100)以上。分 项指数中，成本指数、营收指数、发展潜力指数、风险指数均保持平稳运行，竞争指数虽仍处高位但有 所下降，行业总体向好。 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 营收指数为99.35，该项指数值连续两个季度小幅上升，其中检验检测报告价格、检验检测服务收入变 化2项指数略有上升，其他技术服务收入指数略有下降，显示行业承压但有逐渐向好趋势。 发展潜力指数为103.32，较上季度上升0.16，其中国际市场(业务)需求、资本金融供给、政府政策措施 改革红利、先进新兴技术4项指数呈上升趋势。 竞争指数为113.30，环比下降0.74，但仍处于较高竞争烈度区间。风险指数方面，行业整体风险指数(指 数越高风险越低)为101.21，较上季度提升0.11，表明行业整体风险略有降低。 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权 ...

Group 1 - The company N Beikang (920160) was listed on the Beijing Stock Exchange, experiencing a significant opening increase of 360.90%, which later adjusted to a rise of 316.42% by midday [2] - The trading volume reached 17.4752 million shares, with a total transaction value of 524 million yuan, resulting in a turnover rate of 68.56% [2] Group 2 - The company's main business includes inspection and testing services, as well as the research, development, production, sales, and technical services of testing instruments [2] - The net profits for the years 2022, 2023, and 2024 are projected to be 31.9632 million yuan, 45.5812 million yuan, and 55.1325 million yuan, respectively [3] - The public offering consisted of 28.32 million shares at an issuance price of 6.70 yuan, with a price-to-earnings ratio of 14.99 times [3] - The effective subscription amount for the online offering was 11,210,590.25 million shares, resulting in a subscription multiple of 4,398.38 times and an allocation ratio of 0.02% [3]

Core Viewpoint - The news discusses the upcoming IPOs on November 18, highlighting key details about several companies, including their issuance prices, market capitalizations, and business focuses. Group 1: Company Information - Jingchuang Electric (Beijing Stock Exchange, 920) has an issuance price of 12.10 CNY and an industry P/E ratio of 13.47. Its main business includes cold chain intelligent control and monitoring products, which account for 88.37% of its revenue [2][3]. - Hai'an Group (Shenzhen Main Board, 00) has an issuance price of 48 CNY, a total market capitalization of 6.695 billion CNY, and an industry P/E ratio of 13.94. The company is a leading manufacturer of giant tire engineering machinery [5][6]. - Hengkun New Materials (Sci-Tech Innovation Board, 688) has an issuance price of 14.99 CNY and a total market capitalization of 6.735 billion CNY, with an industry P/E ratio of 71.42. The company specializes in photolithography materials and has achieved small batch sales of ArF photoresist [8]. - Nanguang Digital (ChiNext, 301) has an issuance price of 5.69 CNY, a total market capitalization of 18.09 billion CNY, and an industry P/E ratio of 32.22. The company focuses on digital solutions for the electric power industry and has developed core chips for industrial control [9]. Group 2: Financial Performance - Jingchuang Electric reported revenues of 396.3 million CNY in 2022, a slight decrease of 1.47%, with projections of 434.5 million CNY in 2023 (+9.63%) and 498.8 million CNY in 2024 (+14.80%) [3]. - The financial details for Hai'an Group and Hengkun New Materials were not provided in the available data, but their issuance prices and market capitalizations indicate strong market interest [5][8]. - Nanguang Digital's financial performance details were not specified, but its focus on breakthrough technologies suggests potential for growth in the energy sector [9].

Group 1: New IPOs - Three new stocks are available for subscription next week, including Beikang Testing, Hengkun New Materials, and Nanfang Digital [1] - Nanfang Digital ranks third in the number of shares issued among new stocks in the Shanghai and Shenzhen markets since 2025, and first among new stocks on the Shenzhen Stock Exchange's Growth Enterprise Market [1] Group 2: Beikang Testing - Beikang Testing is a national-level specialized and innovative "little giant" enterprise, with an issue price of 6.70 yuan per share and an issuance PE ratio of 14.9 times, compared to the industry average of 38.77 times [2] - The total number of shares issued by Beikang Testing is 28.32 million, with 25.49 million available for online subscription [2] - The global inspection and testing market has grown from 107.7 billion euros in 2012 to 278.5 billion euros in 2023, with a compound annual growth rate (CAGR) of 9.02%, while the Chinese market is expected to grow from 206.51 billion yuan in 2016 to 487.60 billion yuan in 2024, with a CAGR of approximately 11.34% [2] Group 3: Financial Performance of Beikang Testing - Beikang Testing's revenue for 2022 to 2025 (first half) is projected to be 91.74 million yuan, 110 million yuan, 148 million yuan, and 85.94 million yuan, respectively, with net profits of 33.15 million yuan, 41.66 million yuan, 50.63 million yuan, and 36.43 million yuan [5] - For the first three quarters of 2025, Beikang Testing expects revenue of 134 million to 139 million yuan, a year-on-year increase of 26.87% to 31.61%, and net profit of 57.4 million to 63.4 million yuan, a year-on-year increase of 34.78% to 48.87% [6] Group 4: Hengkun New Materials - Hengkun New Materials is a supplier for 12-inch integrated circuit wafer factories, with an undisclosed issue price and PE ratio, but a reference industry PE ratio of 60.46 times [7] - The total number of shares issued by Hengkun New Materials is 67.4 million, with 10.78 million available for online subscription [7] - The company’s revenue for 2022 to 2025 (first half) is projected to be 322 million yuan, 368 million yuan, 548 million yuan, and 294 million yuan, with net profits of 91.04 million yuan, 81.53 million yuan, 94.30 million yuan, and 30.74 million yuan [8] Group 5: Financial Performance of Hengkun New Materials - For the first three quarters of 2025, Hengkun New Materials expects revenue of 440 million to 500 million yuan, with a year-on-year change of 12.48% to 27.82%, and net profit of 49 million to 55 million yuan, with a year-on-year change of -26.70% to -17.73% [9] Group 6: Nanfang Digital - Nanfang Digital is a key player in the digital grid construction of the Southern Power Grid, with a total issuance of 477 million shares and an undisclosed issue price and PE ratio, but a reference industry PE ratio of 71.09 times [11] - The company aims to build a world-class digital and intelligent innovation platform for the power grid, with clients including Southern Power Grid and Inner Mongolia Power Group [11] - The digital energy market in China is expected to grow from 315 billion yuan in 2024 to 370 billion yuan in 2025, with a CAGR of 10.86% from 2020 to 2025 [11] Group 7: Financial Performance of Nanfang Digital - Nanfang Digital's revenue for 2022 to 2025 (first half) is projected to be 5.686 billion yuan, 4.234 billion yuan, 6.090 billion yuan, and 1.558 billion yuan, with net profits of 509 million yuan, 368 million yuan, 562 million yuan, and 6.97 million yuan [12] - For the full year of 2025, Nanfang Digital expects revenue of 6.4 billion to 6.7 billion yuan, a year-on-year increase of 5.10% to 10.02%, and net profit of 562 million to 590 million yuan, a year-on-year increase of 0.07% to 5.06% [13]

深圳商报·读创客户端首席记者 袁静娴 文/图 1月17日下午，由广东省佛山市顺德区招商局主办的"创新突围，顺势腾飞——2025佛山市顺德区专精特新企业投资对接会"在深圳举行，近100家来自半导 体、新能源、智能装备等领域的专精特新企业代表、商协会代表，与政府、产业、资本共聚一堂，共同探寻湾区产业协同的新路径。 活动上，顺德区招商局相关负责人解读了"顺优六条"专项政策及总规模200亿元的佛山新动能产业基金，还发布了整合全区各镇街产业空间的招商地图。记 者了解到，总规模200亿元的佛山新动能产业基金采取"1+N"体系布局，重点投向半导体、新能源、智能装备等战略性新兴产业。 "顺德区招商地图"则实现了产业空间的数字化管理。该地图融合政策、载体、资本、服务等关键信息，为企业提供"一图尽览、精准落位"的智慧导航，标志 着顺德产业招商进入数字化、系统化新阶段。企业可通过同步上线的小程序查询渠道，实时获取顺德区各镇街包括规划指标、地块优势等拟出让土地的详细 信息，实现"线上查资源、线下谈合作"的高效对接，打通招商引资和增资扩产空间匹配"最后一公里"。 现场，顺德区国资产业载体代表与多家投资机构齐聚，共同构建从项目对接、落地 ...

Core Viewpoint - The "China Inspection and Testing Industry Development Report (2024)" was officially released during the "First Seminar on Sustainable Development of the Inspection and Testing Industry," highlighting the importance of a comprehensive, objective, and authoritative report for various stakeholders in the industry [2][9]. Group 1: Report Significance - The report serves as the first comprehensive annual report for the inspection and testing industry in China, featuring authoritative data, in-depth analysis, and practical orientation [9]. - It is expected to assist government departments in formulating industrial policies, support strategic decision-making for inspection and testing institutions, and provide quality information for enterprises and consumers [9]. Group 2: Participating Organizations - The report was compiled with contributions from 30 participating organizations, including the China Certification and Accreditation Association, National Market Supervision Administration, and various testing and certification companies [6][7]. Group 3: Future Initiatives - The China Certification and Accreditation Association's Testing Division plans to continue monitoring and researching the industry based on this report, aiming to position the inspection and testing industry as a key player in building a quality-driven economy [9].