Group 1 - The 2025 Osaka World Expo will be held from April 13 to October 13, 2025, with a theme of "Creating a Future Society that Shines" and will attract participation from 158 countries and regions, along with 7 international organizations [1] - The China Pavilion will focus on "Building a Community of Life between Man and Nature - A Future Society of Green Development," covering an area of approximately 3,500 square meters [1] - The "Liaoning Activity Week" will showcase Liaoning's strengths in technology, ecology, green development, and cultural heritage, aiming to enhance its position as a hub for high-quality cultural and tourism integration and Northeast Asia cooperation [1] Group 2 - A series of activities during the "Liaoning Activity Week" will include an opening ceremony, economic and cultural exchange activities, product showcases, and performances, highlighting Liaoning's cultural and economic strengths [2] - The event will feature the promotion of the Niuhe Liang Hongshan Cultural Site, recognized as a significant archaeological site, using advanced holographic technology for display [2] - Innovations in technology will be showcased, including performances by robots from Shenyang Siasun Robot & Automation Co., models of gas turbines from China Aviation Engine Corporation, and digital printing technology from Shenyang Flying Ship Digital Printing Equipment Co., emphasizing Liaoning's technological capabilities [2] Group 3 - The event will also promote the Shenyang Area of the China (Liaoning) Pilot Free Trade Zone and the Shenyang and Fushun Reform and Innovation Demonstration Zone, highlighting the improved business environment and resource advantages in Liaoning [3] - "Dalian Day" will feature a series of activities to showcase Dalian's geographical, industrial, and cultural advantages, as well as its openness and humanistic environment [3] - The Liaoning Provincial Council for the Promotion of International Trade aims to leverage the "Liaoning Activity Week" as a platform for cultural exchange and to expand economic cooperation with neighboring countries and regions [3]

Core Viewpoint - The Liaoning Provincial Government will host the "Liaoning Activity Week" at the China Pavilion during the Osaka Expo from August 24 to 26, aiming to expand foreign cooperation and exchange channels [1][2]. Group 1: Event Overview - The "Liaoning Activity Week" will showcase the province's strengths in technology, ecology, green initiatives, low carbon, and intangible cultural heritage [1]. - A series of activities will be held, including product promotions, cultural performances, intangible cultural heritage exhibitions, and a special day for Dalian [1]. - The event will prominently feature the Niuhe Liang Hongshan Cultural Site, recognized as a representative of the early stage of ancient state civilization [1]. Group 2: Technological Innovations - The event will demonstrate achievements in technological innovation, including live calligraphy performances by robots and models of the "Taihang 110" gas turbine from China Aviation Engine Corporation [1]. - Other showcased technologies include a CT machine model from Neusoft Group and a digital printing technology from Shenyang Flying Ship Digital Printing Equipment Co., Ltd. [1]. Group 3: Trade Relations - Japan is identified as an important trade partner for Liaoning Province, with ongoing expansion in friendly exchanges and economic cooperation [2]. - The Liaoning Provincial Council for the Promotion of International Trade has engaged with Japanese business associations and enterprises to deepen trade cooperation and local industry collaboration [2]. - The event aims to provide a direct experience of Liaoning's resource endowments, location, and environmental advantages to attract more Japanese investment [2].

格隆汇获悉，近期，郑州新世纪数码科技股份有限公司（简称：世纪数码）递交了招股说明书申报稿，拟在北京证券 交易所公开发行股票并上市，保荐机构为东方证券股份有限公司。 公司注册地位于河南省郑州市高新区；截至招股说明书签署之日，金利峰直接持有世纪数码88.24%的股份，为公司控 股股东、实际控制人。 世纪数码专注于数码喷印设备研发、生产和销售，核心产品涵盖数码喷墨印花机、数码打印机、瓦楞彩箱数码印刷机 及相关耗材，广泛应用于纺织印花、广告标识、瓦楞纸箱包装三大领域。核心客户包含上海墨印数码科技、广州鑫飞 扬数码科技、广东信益智能科技、绍兴丽彩数码科技、郑州佰仕达机械设备。 从行业规模看，数码喷印行业正处于快速增长期。在纺织领域，全球纺织品数码喷墨印花市场规模2024年达58亿美 元，预计2029年将以12.7%年复合增长率增至105.6亿美元，中国市场渗透率从2015年2.1%提升至2023年18.2%。广告 领域，2024年中国广告数码印刷市场规模442亿元，预计2029年达556亿元。瓦楞包装领域虽当前数码渗透率仅1.1%， 但未来五年将以12.8%增速扩张，行业成长空间显著。 2020-2029 年中国广告数 ...

Core Viewpoint - The article discusses the significant increase in IPO applications at the Beijing Stock Exchange (BSE), leading to a potential backlog in the approval process, while highlighting the slower pace of IPO approvals and the improved quality of companies applying for listings [2][10][12]. Group 1: IPO Application Trends - As of July 27, 2023, there are 305 companies in the IPO review process across A-shares, with 183 of them (60%) at the BSE [2]. - In June 2023 alone, the BSE received 97 IPO applications, setting a new monthly record, surpassing the previous record of 92 applications in June 2022 [2]. - Despite the high number of applications, only 6 companies have successfully listed on the BSE this year, compared to 14 on the Shanghai Main Board and 22 on the ChiNext [2]. Group 2: Approval Process and Timelines - The average waiting time for IPO approvals at the BSE has increased, with median times from application to listing rising from 218 days in 2022 to 306 days in 2024 [4]. - For the 115 IPO applications received in 2025, the average time from application to first inquiry is 26 days, longer than the 15 days for the ChiNext and 21 days for the Sci-Tech Innovation Board [5]. - The longest waiting time for a company currently in the review process is over three and a half years for Yangde Environmental Energy, which has faced additional scrutiny due to investigations into its controlling shareholder [7][8]. Group 3: Company Quality Improvement - The quality of companies applying for IPOs at the BSE has improved, with 113 companies currently under review having an average revenue of 738 million yuan and an average net profit of 95.06 million yuan [11]. - 36 companies, or 31.86%, have reported net profits exceeding 100 million yuan, indicating a trend towards higher-quality applicants [11]. - The increase in company quality is attributed to better performance of new three-board companies and enhanced support from investment banks in selecting and preparing companies for listing [12].

Group 1 - The 2025 Venture Capital Liaoning Development Conference was held in Shenyang, focusing on the theme "Technology to New, Capital to Real, Industry to Strong" to foster collaboration among over 170 investment institutions [1][2] - The conference provided a platform for technology innovation companies to connect with investors, addressing the common issue of financing difficulties faced by these companies [2][4] - Liaoning's technological resource advantages have become a strong magnet for national venture capital, with a growing emphasis on the "cooperation and win-win" philosophy [1][3] Group 2 - The conference highlighted the importance of local platforms for companies to engage with multiple investment institutions, enhancing their chances of securing funding [2][4] - Recent improvements in Liaoning's business environment and innovation atmosphere have attracted attention from investment institutions, indicating a positive trend for venture capital in the region [3][4] - The provincial government has implemented practical measures to optimize the venture capital ecosystem, including financial incentives for investment institutions and talent [4][5] Group 3 - The conference showcased the interaction between supply and demand, with high attendance at technology roadshows, indicating strong interest from both companies and investors [4][5] - Recommendations were made for traditional industries in Liaoning to leverage artificial intelligence for upgrades, enhancing production efficiency and product quality [5] - The ongoing efforts in industrial upgrading and structural adjustment in Liaoning have created a new development pattern, opening up opportunities for venture capital involvement [5]

Market Overview - The A-share market showed significant recovery during the week of May 5 to May 9, with the Shanghai Composite Index rising by 1.92% to close at 3342 points, the Shenzhen Component Index increasing by 2.29%, and the ChiNext Index up by 3.27% [1] Institutional Research - A total of 452 listed companies disclosed investor research records during the week, indicating a decline in research concentration but sustained enthusiasm among institutions [1] - Over 90% of the companies that were researched reported positive returns, with notable performers including Runbei Aerospace (up 31.17%) and Jiuling Technology (over 20% increase) [1] Key Companies Under Research - **Xiangxin Technology**: Received 173 institutional research visits, focusing on its developments in humanoid robots and its strategic partnerships with clients for comprehensive technical solutions [1][2] - **Xingye Silver Tin**: Engaged 125 institutions, with inquiries about safety and project progress. The company is advancing its projects, including the Silver Mine Phase II and the Atlantic Tin project expected to commence production in Q4 2027 [3] - **Honghua Digital Technology**: Attracted 116 institutional visits, with a projected revenue growth of 42.30% in 2024, driven by market expansion and technological innovation [3] - **Rongbai Technology**: Received 106 institutional visits, with a focus on the impact of U.S. tariff policies on its products. The company has shifted its U.S. exports to its Korean factory due to tariff constraints [4][5] Strategic Developments - **Xiangxin Technology**: Plans to integrate its humanoid robot business into a wholly-owned subsidiary to meet diverse customer needs, collaborating with the Guangdong Academy of Sciences for innovation in intelligent solutions [2] - **Rongbai Technology**: Emphasizes a strategic focus on core material businesses and global supply chain development, enhancing competitiveness through partnerships in Indonesia and Europe [5]