Core Viewpoint - The article discusses the recent trends in IPO counseling registrations in China, highlighting a decrease in the number of new registrations in May compared to previous months, and provides insights into specific companies undergoing the process, including their financial performance and investor interest [1]. Group 1: IPO Counseling Registrations - In May, the China Securities Regulatory Commission (CSRC) disclosed 17 new companies for IPO counseling, bringing the total for 2025 to 123 [1]. - The number of new counseling registrations decreased in May compared to the first four months of the year, which saw monthly registrations of 32, 29, 23, and 22 respectively [1]. Group 2: Company Highlights - Huaxin New Materials (华鑫新材) is noted as the fourth globally and the first domestically to achieve mass production of high-performance polyimide (PI) films, attracting investments from prominent institutions such as CRRC Capital and the National Development Bank [1][2]. - Tianhai Fluid (天海流体) is preparing for a second application to list on the Beijing Stock Exchange after its initial application was not accepted, and it has faced disciplinary actions from the National Equities Exchange and Quotations [1][6][8]. - Chengdu Super Pure (成都超纯) has received backing from major investors including BYD and TCL Venture Capital, and has submitted its IPO counseling application [1][9][10]. - Chengfeng Technology (乘风科技) has experienced a decline in net profit for two consecutive years, despite serving major clients like ExxonMobil and Chevron [1][11][12]. Group 3: Financial Performance - Huaxin New Materials has undergone five rounds of financing since its establishment in 2019, with significant participation from various investment firms [3][4][5]. - Tianhai Fluid reported revenues of 202 million, 253 million, and 287 million yuan for 2022, 2023, and 2024 respectively, with net profits showing a slowdown in growth [7][8]. - Chengdu Super Pure has completed multiple financing rounds, with significant investments from various venture capital firms, including a unique investment from BYD in its B round [10]. - Chengfeng Technology's revenue figures for 2022, 2023, and 2024 were 809 million, 742 million, and 745 million yuan, with net profits declining from 91.21 million to 83.77 million yuan over the same period [12].

Core Viewpoint - The company has approved an increase in its foreign exchange hedging business limit for 2025 to mitigate foreign exchange risks and stabilize costs amid a complex external environment [3][7]. Group 1: Foreign Exchange Hedging Business - The company has decided to conduct foreign exchange hedging activities for 2025, with a total scale not exceeding 650,000 million RMB or equivalent foreign currency [2][3]. - The maximum expected margin and premium to be utilized for these transactions will not exceed 50,000 million RMB or equivalent foreign currency, and these amounts can be used in a rolling manner within the approved limits [3][7]. - The decision to adjust the hedging limit is based on the company's ongoing "833plus" strategic plan and the need for effective cost management and risk mitigation due to increased international transactions [3][4]. Group 2: Risk Management and Compliance - The company will adhere to a prudent principle in its foreign exchange hedging activities, ensuring that all transactions are based on normal business operations and not for speculative purposes [4][5]. - The funding for these hedging activities will come from the company's own funds and other legally permitted sources, without involving raised funds [4]. - The company has established management systems and procedures to ensure effective risk control and compliance with relevant accounting standards [6][7]. Group 3: Approval Process - The board of directors and the supervisory board have both approved the adjustment of the foreign exchange hedging business limit for 2025, emphasizing the importance of this decision for the company's stable operation and shareholder interests [7][8].

证券代码：603655 证券简称：朗博科技 公告编号：2025-027 常州朗博密封科技股份有限公司2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.10元（含税） ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/10 － 2025/6/11 2025/6/11 ? 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 （1）本次差异化分红方案 根据公司 2024 年年度股东大会审议通过的《关于 2024 年度利润分配预案》，公司 2024 年度拟以实施权益分派股权登记日登记的总股本扣除公司回购专用证券账户中的股份为基数， 向全体股东每 10 ...

Group 1 - The company held its fourth supervisory board meeting, with all three supervisors participating, either in person or via communication methods [1] - The supervisory board approved the proposal to adjust the foreign exchange hedging business quota for 2025, with unanimous support [1][2] - The adjustment aims to lock in costs, mitigate foreign exchange risks, and enhance the efficiency of foreign exchange fund usage, ultimately benefiting the company and its shareholders [2] Group 2 - The supervisory board's decision is based on the company's actual operational needs and is intended to safeguard against significant currency fluctuations [2] - Detailed information regarding the adjustment and its feasibility analysis can be found in the company's announcements on the official information disclosure platform [2]

Core Points - The company announced a cash dividend of 0.23 yuan per share (before tax) for its A shares, totaling approximately 756.26 million yuan to be distributed to shareholders [1] - The record date for the dividend is set for June 10, 2025, with the ex-dividend date and payment date both on June 11, 2025 [1] - The company will not issue bonus shares or increase its capital stock as part of this distribution plan [1] Dividend Distribution Details - The cash dividend distribution is based on a total share capital of 3,288,100,259 shares [1] - Shareholders who have not completed designated transactions will have their dividends held by China Securities Depository and Clearing Corporation Limited, Shanghai Branch, until the transactions are completed [1] - Different tax treatments apply to various types of shareholders, including individual investors, QFIIs, and institutional investors, affecting the net cash dividend received [1]

Group 1 - The core point of the article is that Hai'an Rubber Group Co., Ltd. has been approved for listing on the Shenzhen Stock Exchange, marking it as the 19th company to pass the review this year [1] - Hai'an Rubber's main business includes the research, production, and sales of giant all-steel radial tires for engineering machinery, as well as the operation management of mining tires [1][2] - The company plans to issue no more than 46,493,334 shares, which will account for at least 25% of the total share capital after the issuance [2] Group 2 - Hai'an Rubber aims to raise approximately 295.23 million yuan, which will be allocated to the expansion of all-steel giant engineering radial tire production and the upgrade of automated production lines, the construction of a research and development center, and to supplement working capital [2] - The main questions raised during the listing committee meeting included the sustainability of the projected compound annual growth rate of 20% in revenue from 2025 to 2027 and the feasibility of the proposed fundraising projects [3][4] - The controlling shareholder of Hai'an Rubber is Fujian Xinhui Investment Group Co., Ltd., which holds 28.32% of the shares, while the actual controller, Zhu Hui, directly holds 19.50% and indirectly holds 28.32% through Xinhui Group, totaling 47.82% [1]

Core Viewpoint - Hai'an Rubber Group Co., Ltd. has passed the listing review and plans to go public on the Shenzhen Stock Exchange, with a target of raising approximately 2.952 billion yuan for expansion and modernization projects [1][6]. Group 1: Business Overview - Hai'an Rubber specializes in the research, production, and sales of giant all-steel radial tires for engineering machinery and the management of mining tires, positioning itself as a leading player in the domestic all-steel giant tire industry [4]. - The company has achieved mass production of a full range of specifications for all-steel giant tires, breaking the monopoly of three major international brands and achieving import substitution [4]. - Major clients include Zijin Mining, Ural Mining and Metallurgical Company, and XCMG Group, among others [4]. Group 2: Financial Performance - From 2022 to 2024, the company has shown steady growth in revenue and net profit, with revenues of approximately 1.508 billion yuan, 2.251 billion yuan, and 2.3 billion yuan, and corresponding net profits of approximately 354 million yuan, 654 million yuan, and 679 million yuan [5]. - The company has a high proportion of overseas revenue, with sales from international markets accounting for 65.19%, 76.16%, and 74.23% of total revenue during the same period [5]. Group 3: Fundraising and Investment Plans - The company plans to issue 46.4933 million shares to raise about 2.952 billion yuan, which will be allocated to projects including the expansion of all-steel giant engineering radial tire production (1.945 billion yuan), automation upgrades (371 million yuan), research center construction (286 million yuan), and working capital (350 million yuan) [6]. Group 4: Growth Sustainability - The company asserts that the high-end all-steel giant tires have significant industry entry barriers, and once suppliers gain customer trust, they can maintain long-term stable cooperation [7]. - The global mining industry's growth is expected to drive demand for all-steel giant tires, and the company has a robust order backlog and long-term sales agreements with major clients [7].

Core Viewpoint - The article highlights the success story of Hai'an Rubber, founded by Zhu Hui, who transitioned from a tire repairman to the CEO of a company with annual revenue of 2.3 billion yuan and net profit of nearly 700 million yuan, positioning it as the third-largest global manufacturer of all-steel giant tires [3][9][19]. Group 1: Company Overview - Hai'an Rubber specializes in the production of all-steel giant tires used in heavy machinery and mining vehicles, with a significant portion of its revenue coming from overseas sales [7][9]. - The company has achieved impressive revenue growth, with projections showing an increase from 1.5 billion yuan in 2022 to 2.3 billion yuan in 2024, and net profit rising from 354 million yuan to 679 million yuan during the same period [9][19]. - Hai'an Rubber's primary revenue source is the sale of all-steel giant tires, which accounted for approximately 74.01% of total revenue in 2024, while the tire operation management business contributed 25.99% [6][8]. Group 2: Market Position and Clientele - Hai'an Rubber is recognized as the third-largest player in the all-steel giant tire market, following Michelin and Bridgestone, and is capable of producing a full range of giant tire specifications [9][19]. - The company has established strong relationships with major clients such as Zijin Mining and XCMG, with revenue from the top five clients increasing from 655 million yuan to 1.29 billion yuan, representing 57.58% of total revenue by 2024 [9][10]. - A notable aspect of Hai'an Rubber's business model is the dual role of some clients as both shareholders and customers, which has raised questions about potential conflicts of interest [10][14]. Group 3: Founder’s Journey and Financials - Zhu Hui, the founder of Hai'an Rubber, started his career as a tire repairman and founded the company in 2005 after returning to his hometown, marking a significant shift towards manufacturing giant tires [16][17]. - Zhu has successfully monetized his stake in the company, cashing out over 350 million yuan through equity transfers and dividends between 2020 and 2022 [18][19]. - The company is currently preparing for an IPO, aiming to raise 2.952 billion yuan, with over 80% of the funds allocated for expanding production capacity [19].

Group 1 - The core viewpoint of the article is that four companies are set to present their initial public offerings (IPOs) to the listing committees of various stock exchanges in China, with a total fundraising target of approximately 42.3 billion yuan [1][5]. Group 2 - Hai'an Rubber plans to list on the Shenzhen Main Board and aims to raise 29.52 billion yuan for projects including the expansion of all-steel giant engineering radial tires and automation upgrades [1][2]. - Huaxin Precision Science is targeting the Shanghai Main Board with a fundraising goal of 7.12 billion yuan, focusing on precision stamping products [1][3]. - Zhigao Machinery intends to list on the Beijing Stock Exchange, seeking to raise 3.95 billion yuan, specializing in drilling rigs and screw machines [1][4]. - Shichang Co. is also planning to list on the Beijing Stock Exchange, with a target of 1.71 billion yuan, focusing on automotive fuel systems [1][5].

Group 1 - The company held its annual shareholder meeting on June 11, 2025, at the Crowne Plaza Hotel in Putian, Fujian Province, combining on-site and internet voting [2] - The company reported a total production of 17.5 million tires in 2024, representing a year-on-year increase of 15.1% [5] - The company achieved an operating income of 4.668 billion yuan in 2024, up 12.11% year-on-year, while net profit decreased by 4.21% to 351 million yuan [5][10] Group 2 - The total production of rubber tires in China for 2024 was approximately 1.187 billion units, a 9.2% increase from the previous year [3][4] - The domestic automotive tire production reached about 847 million units, with a year-on-year growth of 7.8% [4] - The company’s export volume of rubber tires reached 9.32 million tons in 2024, with an export value of approximately 164.49 billion yuan, reflecting a growth of 5.6% [4] Group 3 - The company’s board of directors held six meetings during the reporting period, addressing various matters including regular reports and profit distribution [6][7] - The audit committee conducted seven meetings, focusing on the company's regular reports and internal control evaluations [6][7] - The company maintained a total asset value of 4.343 billion yuan, with total liabilities of 2.324 billion yuan, resulting in a debt-to-asset ratio of 53.51% [11] Group 4 - The independent directors reported their activities, emphasizing their commitment to maintaining the interests of all shareholders [17][29] - The company proposed to increase the independent director's allowance from 120,000 yuan to 132,000 yuan per year, considering inflation and responsibilities [16] - The company plans to purchase liability insurance for its directors and senior management to mitigate operational risks [16]