从打新时间来看，2月24日，海菲曼将率先启动申购。据悉，海菲曼主要从事自主品牌"HIFIMAN"终端 电声产品的设计、研发、生产和销售，公司产品包括头戴式耳机、真无线耳机、有线入耳式耳机、播放 设备等。公司本次发行价格为19.71元/股。 固德电材将于2月25日启动申购，公司专注于新能源汽车动力电池热失控防护零部件及电力电工绝缘产 品的研发、生产和销售，为客户提供定制化的热失控防护解决方案和电力电工高性能绝缘解决方案。 北京商报讯（记者 马换换 李佳雪）马年首批打新个股来了！根据安排，2月23日—27日这周，将有海菲 曼（920183）、固德电材（301680）2股启动申购。 ...

| | | 下周新股申购安排 | | | | --- | --- | --- | --- | --- | | 日期 | 新股 | 发行价/股 | 发行市盈率 | 上市板 | | 周二 (2月24日) | 海非與 (申购代码:920183) | 19.71元 | 14.99 | 北交所 | | 周三 (2月25日) | 固德电材 (申购代码: 301680) | 待定 | | 创业板 | 海菲曼是具备全球影响力的高端电声品牌商。 海菲曼的发行价为19.71元/股，发行市盈率为14.99倍，公司本次公开发行股票数量为1052.7万股。 海菲曼是国内少数拥有全球影响力的高端电声品牌商，主要从事自主品牌"HIFIMAN"终端电声产品的 设计、研发、生产和销售，为国家"专精特新"小巨人企业。公司产品包括头戴式耳机、真无线耳机、有 线入耳式耳机、播放设备等。线上销售渠道涵盖公司自建官网商城及京东、天猫、抖音、亚马逊、 AliExpress、Shopee等各大主流电商平台，境内线下经销商超过40家，境外线下经销商超过100家，遍布 北美、欧洲、澳洲、亚太等地区。 业绩方面，2023年至2025年，海菲曼营业收入分别为2.0 ...

随着2026年春节假期即将来临，A股农历蛇年也迎来收官。据东方财富choice数据，截至目前，有15只 新股登陆A股市场，其中7只北交所上市，4只科创板上市，3只沪主板上市，1只深主板上市。 根据安排，A股2月16日（星期一）至2月23日（星期一）休市，2月24日（星期二）大年初八起照常开 市。 港股方面，2月16日（星期一）除夕上午开市半天，下午休市。2月17日（星期二）至2月19日（星期 三）休市，2月20日（星期五）初四开市。 值得一提的是，2月24日，A股节后开市的第一天，海菲曼将开启申购，该股将在北交所上市。另外， 将在创业板上市的固德电材则将在2月25日开启申购。根据安排，暂未有新股在2月24日上市。 耳机界"爱马仕"海菲曼将2月24日申购 即将在2月24日开启申购的海菲曼，主要从事自主品牌"HIFIMAN"电声产品的设计、研发、生产和销 售，产品包括头戴式耳机、真无线耳机、有线入耳式耳机、播放设备等。 海菲曼实控人边仿直接持有公司58.03%股权，并通过与珠海音速感、珠海高清领先、珠海时空转换的 一致行动关系，控制公司27%的表决权，合计控制公司表决权比例为85.03%。 海菲曼的毛利率较高，数 ...

Core Viewpoint - The article highlights how the local government in Shangli County, Jiangxi, has successfully attracted five listed companies by enhancing industrial agglomeration, improving the business environment, and increasing investment promotion professionalism, leading to the development of a precision circuit board industry cluster. Group 1: Industrial Agglomeration - Shangli County has developed the Ganshan Cooperation Industrial Park, focusing on electronic information, equipment manufacturing, and food industries, with a notable emphasis on the precision circuit board (PCB) sector, which has been recognized as a provincial-level characteristic industry cluster [2][4]. - Companies prioritize industrial agglomeration when selecting locations for new capacities, as it reduces production costs and fosters a competitive environment among businesses [3]. - The local government has strategically nurtured the PCB industry by attracting upstream and downstream enterprises, enhancing production collaboration within the industrial park [4]. Group 2: Business Environment - The local business environment, including government efficiency and credit systems, is a critical factor for companies when deciding to settle in Shangli [5]. - Shangli County has implemented a full lifecycle management and service mechanism for investment projects, ensuring tailored support for over 100 projects [5]. - Positive experiences with local governance have led to additional investments from companies, indicating their satisfaction with the business environment [5]. Group 3: Investment Promotion Professionalism - The introduction of the "Negative List" in the Fair Competition Review Regulation has prompted local governments to rethink their strategies for attracting and retaining industries [6]. - Professionalism in investment promotion has become crucial, with Shangli County focusing on capital investment and establishing a specialized team for project engagement [7]. - In 2023, Shangli County established Jiangxi Ganshan Investment Company to enhance its investment promotion capabilities, leading to significant projects such as a 2 billion yuan investment in Guoguang Electric Co., Ltd. for establishing a production base [7].

出品：新浪财经上市公司研究院 招股书显示，海菲曼主要从事自主品牌"HIFIMAN"电声产品的设计、研发、生产和销售，核心市场为美国、欧洲、日韩等国家和地区，境外业务收入占比 长期稳定在65%以上。2022-2024年，公司实现总营收1.54亿元、2.03亿元、2.27亿元，扣非后归母净利润录得3602.52万元、5410.80万元、6436.03万元，两 项指标年复合增长率分别为13.8%、21.3%。 作者：木予 2025年1-6月，海菲曼营收同比增长20.8%至1.07亿元，归母净利润约为5035.42万元，较2024年同期显著提升63.4%。然而，亮眼业绩难掩研发短板，高毛利 背后是退货率与换货率双增的窘境，上市前管理层动荡、与供应商和客户关系错杂，更为其前路蒙上阴影。 近日，昆山海菲曼科技集团股份有限公司（简称：海菲曼）顺利通过北交所上市委员会审议。此次IPO，公司拟发行不超过1280.8万股新股，募集资金4.3亿 元，用于"先进声学元器件和整机产能提升项目"、"监听级纳米振膜及工业DAC芯片研发中心建设项目"和"全球品牌及运营总部建设项目"。 高端耳机品牌HIFIMAN正从"墙内开花墙外香"走向资本 ...

IPO Review and Registration Progress - Three companies were reviewed for IPO, with two approvals and one deferral. Yongda Co. faced a deferral, while Meidele and Haifiman received approvals [2][3] - Yongda Co. reported a revenue of 361 million yuan for the first three quarters of 2025, a year-on-year decline of 25.16%, and a net profit of 70 million yuan, down 3.34% [2] - Meidele's revenue from products used in the new energy battery sector accounted for about 60% of its main business income, with a high customer concentration [2] - Haifiman specializes in high-end audio products, facing inquiries regarding its technological advancements and acquisition rationality [3] Upcoming IPOs - Three companies are set to present for IPO this week: Zuxing New Materials, Mirui Technology, and Jintai Co., all targeting the Beijing Stock Exchange [4] - Zuxing New Materials has previously attempted IPOs in 2016 and 2020 but withdrew applications. Its revenue for 2022 to 2024 was 629 million, 690 million, and 707 million yuan, with net profits showing fluctuations [4][5] - Mirui Technology's revenue for the first three quarters of 2025 was 549 million yuan, down 0.95%, with a net profit of 51 million yuan, down 12.93% [6] New Stock Listings - Two new stocks were listed last week: Hai'an Group and Nante Technology, with Nante's first-day increase of 183.03% [13][14] - This week, Jingchuang Electric is scheduled to list, with an issue price of 12.1 yuan per share. For the first three quarters of 2025, it reported a revenue of 403 million yuan, up 9.48% [13] Recent IPO Approvals and Terminations - Two IPO registrations were approved: Zhixin Co. and Qiangyi Co. [10] - Zhixin Co. plans to raise 1.329 billion yuan for production line expansion and working capital, while Qiangyi Co. focuses on semiconductor testing hardware [11] - Two IPO applications were terminated due to voluntary withdrawals, including Mingshan Environmental Energy [12] Upcoming New Stock Subscriptions - Two new stocks are set for subscription this week: Muxi Co. and Angrui Micro, both targeting the Sci-Tech Innovation Board [15] - Muxi Co. aims to raise 3.904 billion yuan for GPU development projects, reporting a revenue of 1.236 billion yuan for the first three quarters of 2025, up 453.52% [15] - Angrui Micro plans to raise 2.067 billion yuan for 5G chip development, with a revenue of 1.335 billion yuan and a net loss of 63 million yuan for the same period [16]

据了解，海菲曼主要从事自主品牌"HIFIMAN"终端电声产品的设计、研发、生产和销售。公司北交所 IPO于2024年12月30日获得受理，2025年1月23日进入问询阶段。本次冲击上市，公司拟募集资金约4.3 亿元。 北京商报讯（记者 马换换 王蔓蕾）近日，北交所官网显示，昆山海菲曼科技集团股份有限公司（以下 简称"海菲曼"）IPO上会获得通过。 在上市委会议现场，上市委要求海菲曼结合同行业可比公司情况，进一步说明公司竞争优势与核心竞争 力。另外，上市委还要求海菲曼结合公司主要产品生产工艺流程、发展历程，说明报告期内收购多家标 的公司的背景、必要性及合理性。 ...

Core Viewpoint - Kunshan HIFIMAN Technology Group Co., Ltd. has been approved for IPO by the Beijing Stock Exchange, marking it as the 83rd company to pass the review this year [1]. Group 1: Company Overview - HIFIMAN specializes in the design, research and development, production, and sales of its own brand "HIFIMAN" audio products, including headphones and playback devices [1]. - The company is controlled by its major shareholder, Bian Fang, who holds 58.03% of the shares and has agreements with other entities to control 85.03% of the voting rights [1]. Group 2: IPO Details - HIFIMAN plans to publicly issue up to 12.80832 million shares, with an option for an additional 1.921248 million shares through an over-allotment option, totaling a maximum of 14.729568 million shares [2]. - The company aims to raise 430 million yuan (approximately 43 million) for projects including advanced acoustic components, a research center for nano-diaphragms and industrial DAC chips, and the establishment of a global brand and operations headquarters [2][3]. Group 3: Review and Inquiry - The review committee raised inquiries regarding the company's technological advancements and competitive advantages compared to peers, as well as the rationale behind recent acquisitions [4].

Group 1 - The Beijing Stock Exchange's listing committee held its 37th review meeting on November 28, 2025, where HIFIMAN successfully passed the review [1] - HIFIMAN plans to raise 430 million yuan through its listing on the Beijing Stock Exchange, with ShenGang Securities acting as the sponsor [1] - HIFIMAN is a high-end audio brand engaged in the design, research and development, production, and sales of its proprietary brand "HIFIMAN" audio products [1]

Core Viewpoint - Three companies are set to present their IPO applications at the North Exchange, with a total fundraising target of 13.83 billion yuan [1][2]. Group 1: Companies and Their Business Focus - Meidel is primarily engaged in the research, design, manufacturing, and sales of intelligent manufacturing equipment [3]. - Haifiman focuses on the design, research, production, and sales of its own brand "HIFIMAN" audio products, including headphones and playback devices [3]. - Zuxing New Materials specializes in the research, production, and sales of micro-fine spherical aluminum powder and its deep-processing products, such as aluminum pigments [4]. Group 2: IPO Details - Meidel plans to raise 645 million yuan, with funds allocated for high-end intelligent conveyor system projects and other related developments [2]. - Haifiman aims to raise 430 million yuan, while Zuxing New Materials has a target of 208 million yuan [2]. - The upcoming IPOs include Zuxing New Materials (2300,000 shares), Haifiman (1280,830 shares), and Meidel (1600,000 shares), with respective listing dates on November 27, November 28, and December 3, 2025 [4].