天眼查App显示，近日，太仓嘉誉橡塑制品有限公司成立，法定代表人为曹利玲，注册资本10万人民 币，经营范围为一般项目：橡胶制品制造；橡胶制品销售；塑料制品制造；塑料制品销售；塑料包装箱 及容器制造；工程塑料及合成树脂销售；模具制造；模具销售；合成材料销售；工业设计服务；技术服 务、技术开发、技术咨询、技术交流、技术转让、技术推广；五金产品批发；金属制品销售（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

| 代码 | 874157 | 简称 | 悦龙科技 | | --- | --- | --- | --- | | 公司全称 | 山东悦龙橡塑科技股份有限公司 | 受理日期 | 2025-05-26 | | 审核状态 | 已问询 | 更新日期 | 2025-12-04 | | 保荐机构 | 中泰证券股份有限公司 | 保存代表人 | 白仲发,王静 | | 会计师事务所 | 上会会计师事务所 (特殊普通合伙) | 签字会计师 | 壬振兵,张利法 | | 律师事务所 | 海润天睿律师事务所 | 签字律师 | 从灿,王肖东 | | 评估机构 | 北京国融兴华资产评估有限责任公司 | 签字评估师 | 韩申,武伯宁 | 据北交所官网披露，山东悦龙橡塑科技股份有限公司（下称"悦龙科技"）IPO申请将于2025年12月11日上会。保荐机构为中泰证券股份有限公司，保荐人 代表为：白仲发、王静。 一面是实控人高比例控股独揽大权、无行业积淀无过往贡献的女婿跨界空降任副总兼董秘，直接斩获零等待期特殊股权激励、核心客户实为"自家人"；另 一面是行业承压下营收净利双增、毛利率逼近60%的亮眼业绩。悦龙科技的增长真实性、持续经营能力正遭遇监管 ...

Core Viewpoint - Hengshui Xiangyou Rubber and Plastic Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the rubber and plastic manufacturing industry [1] Company Summary - The legal representative of the company is Guo Jun [1] - The company’s business scope includes the manufacturing and sales of rubber products, plastic products, sealing components, and various metal products [1] - The company is also involved in the retail and wholesale of hardware products, electronic product sales, and general equipment repair [1] - The company can engage in technology services, development, consulting, exchange, transfer, and promotion, provided it complies with legal requirements [1] - The company is authorized to undertake construction engineering projects, subject to necessary approvals [1]

天眼查App显示，近日，郑州森合瑞橡塑制品有限公司成立，法定代表人为张涛，注册资本10万人民 币，经营范围为一般项目：橡胶制品销售；塑料制品销售；化工产品销售（不含许可类化工产品）；日 用品销售；汽车零配件零售；计算机软硬件及辅助设备零售；五金产品零售；箱包销售；美发饰品销 售；日用杂品销售；金属制品销售；电线、电缆经营；机械设备销售；高品质合成橡胶销售（除依法须 经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，衡水驰恩橡塑制品有限公司成立，法定代表人为苏爱英，注册资本20万人民 币，经营范围为一般项目：橡胶制品制造;橡胶制品销售;塑料制品制造;塑料制品销售;金属制品销售;金 属材料销售;密封件制造;密封件销售;五金产品批发;机械零件、零部件加工;机械零件、零部件销售;建筑 材料销售;消防器材销售;电工器材销售;安防设备销售;数字视频监控系统销售;机械电气设备销售;机械设 备销售;仪器仪表销售;电子元器件与机电组件设备销售;电线、电缆经营;阀门和旋塞销售;建筑装饰材料 销售;保温材料销售;普通机械设备安装服务;机械设备租赁;通用设备修理;技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

天眼查App显示，近日，上海欣尚优橡塑制品有限公司成立，法定代表人为祝妹珍，注册资本10万人民 币，经营范围为一般项目：塑料制品销售；塑料制品制造；五金产品制造；五金产品批发；五金产品零 售；建筑装饰材料销售；耐火材料销售；橡胶制品制造；橡胶制品销售；电子产品销售；机械设备销 售；货物进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - Dongguan Yuwei Rubber and Plastic Products Co., Ltd. has been established with a registered capital of 100,000 RMB, indicating a new player in the rubber and plastic manufacturing industry [1] Company Overview - The company is engaged in various manufacturing and sales activities, including plastic products, rubber products, seals, automotive parts, and electronic components [1] - The registered capital of the company is 100,000 RMB, which is relatively modest for the manufacturing sector [1] Business Scope - The business scope includes manufacturing and sales of plastic and rubber products, seals, automotive parts, and electronic components [1] - The company also engages in the wholesale and retail of various products, including furniture accessories, hardware products, and daily necessities [1] - Additionally, the company is involved in domestic and international trade, including import and export activities [1]

Core Viewpoint - Qingdao Yihailong Rubber and Plastic Products Co., Ltd. has been established with a registered capital of 500,000 RMB, indicating a new player in the rubber and plastic manufacturing industry [1] Company Summary - The legal representative of the company is An Zhen [1] - The company’s registered capital is 500,000 RMB [1] - The business scope includes manufacturing rubber products, import and export of goods, sales of rubber products, tire manufacturing and sales, and various electronic and hardware equipment [1] - The company is also involved in wholesale of automotive parts, metal products, and construction materials, as well as retail of office supplies and plastic products [1]

Investment Rating - The report maintains an "Overweight" rating for the company [5] Core Insights - The company reported Q3 revenue of 17.98 billion RMB, a year-over-year increase of 5.04% and a quarter-over-quarter increase of 12.58%. The net profit attributable to shareholders was 479 million RMB, reflecting a year-over-year increase of 58.04% and a quarter-over-quarter increase of 41.49% [1][5] - For the first three quarters of 2025, the company achieved a revenue of 49.616 billion RMB, up 22.62% year-over-year, and a net profit of 1.065 billion RMB, up 55.86% year-over-year [1][5] - The Q3 net profit exceeded expectations primarily due to reduced losses in the petrochemical segment. The company is optimistic about the modified plastics and new materials segments, leading to an upward revision of the 2025 net profit forecast [1][3] Summary by Sections Q3 Performance - In Q3, the modified plastics, green petrochemicals, and new materials segments achieved sales volumes of 780,000 tons, 460,000 tons, and 70,000 tons, respectively, with year-over-year changes of +16%, -3%, and +9%. Corresponding revenues were 9.1 billion RMB, 3.1 billion RMB, and 1.1 billion RMB, with year-over-year changes of +8%, -12%, and +11% [2] - The overall gross margin for Q3 was 11.4%, an increase of 0.7 percentage points year-over-year, aided by revenue growth and a decrease in the expense ratio [2] Future Outlook - The company is actively developing new energy materials for solid-state batteries and has achieved industrial application of composite material solutions in core components of power battery PACK systems. This forward-looking approach is expected to open new growth avenues [3] - The net profit forecast for 2025 has been raised to 1.53 billion RMB, reflecting an 8% increase from the previous estimate. The projected net profit growth rates for 2025-2027 are +85%, +23%, and +23%, respectively [3][9] Valuation - The target price for the company is set at 23.43 RMB, based on a 33x PE ratio for 2026, reflecting the growth potential in emerging sectors and the special engineering plastics segment [3][5]

Core Insights - Shanghai Xingzhijiu Rubber and Plastic Products Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The company is engaged in a variety of business activities including the sale of rubber products, tires, and automotive parts [1] Company Overview - The legal representative of the company is Gu Liwei [1] - The business scope includes general projects such as sales of rubber products, tire sales, and wholesale and retail of automotive parts [1] - Additional activities include information technology consulting, import and export of goods, and internet sales [1] Business Activities - The company will also engage in the sale of lubricants, organization of cultural and artistic exchange activities, and advertising services [1] - It is authorized to conduct business activities independently as per its business license, except for projects that require approval [1]