11月27日晚间，即将正式登陆港股市场的中国第二大电容器薄膜制造商——海伟股份进入暗盘阶段。富途牛牛显示，海伟股份在本 次暗盘中，开盘后一度冲高大涨超90%，随后一路下滑，最终仅收涨2.66%。 据了解，海伟股份背后还站着另一个巨头比亚迪，比亚迪也是海伟股份最大的外部股东。在本次新股认购中，散户认购也极为积 极，富途牛牛最新的认购数据显示，其融资申购倍数达到4310倍。 关键原材料需从海外进口 2025年业绩出现下滑 招股书显示，以2024年的电容器基膜销量计，海伟股份是中国第二大的电容器薄膜制造商。海伟股份的电容器薄膜产品主要包括电 容器基膜及金属化膜。该等产品为薄膜电容器的关键组成部分，而薄膜电容器以其出色的耐电压性、高频稳定性及长使用寿命而著 称。薄膜电容器的终端应用场景广泛，包括新能源汽车，新能源电力系统，工业设备及家用电器。在客户方面，海伟股份的客户主 要包括薄膜电容器制造商以及比亚迪。 但海伟股份所在的电容器薄膜市场竞争激烈且集中。根据灼识咨询的资料，2024年，按电容器基膜销量计，包括海伟股份在内的前 五家公司占据61.6%的市场份额，预计这一数字比例未来还会上升。根据灼识咨询的资料，海伟股份所 ...

| 14.660+ | 最高 | 27.500 今 开 | 17.220 | | --- | --- | --- | --- | | +0.380 +2.66% | 最 低 | 14.610 昨 收 | 14.280 | | 成交额 | 3936.65万 市盈率TTM | 23.49 总市值 ⊙ | 22.66亿 | | 成交量 | 215.96万股 市盈率(静) | 23.05 总股本 | 1.55亿 | | 换手率 | 3.61% 市盈率(动) | -- 流通值 1 | 8.77亿 | | 52周最高 | 27.500 市净率 (1 | 2.90 流通股 | 5985万 | | 52周最低 | 14.610 委 比 | 72.41% 振 幅 | 90.27% | | 历史最高 | 27.500 量 比 | -- 股息率TM -- | | | 历史最低 | 14.610 股息TTM | -- 股息率LFY | | | 平均价 | 18.228 股息LFY | -- 每 手 | 200股 | | Bota (i) | | | | 据了解，海伟股份背后还站着另一个巨头比亚迪（002594），比亚迪也是海伟股份最 ...

11月27日晚间，即将正式登陆港股市场的中国第二大电容器薄膜制造商——海伟股份进入暗盘阶段。富途牛牛显示， 海伟股份在本次暗盘中，开盘后一 度冲高大涨超90%，随后一路下滑， 最终仅收涨2.66%。 | 14.660+ | 最高 | 27.500 今 开 | 17.220 | | --- | --- | --- | --- | | +0.380 +2.66% | 最低 | 14.610 昨 收 | 14.280 | | 成交额 | 3936.65万 市盈率TTM | 23.49 总市值 → | 22.661Z | | 成交量 | 215.96万股 市盈率(静) | 23.05 总股本 | 1.551Z | | 换手率 | 3.61% 市盈率(动) | -- 流通值(i) | 8.7717 | | 52周最高 | 27.500 市净率 ① 2.90 流通股 | | 5985万 | | 52周最低 | 14.610 委 比 | 72.41% 振 幅 | 90.27% | | 历史最高 | 27.500 量 比 | - 股息率TIM -- | | | 历史最低 | 14.610 股息TTM | -- 股息率LFY ...

Group 1: Recent IPOs - Zhongwei Co., a new energy materials company, officially listed on the Hong Kong Stock Exchange, raising approximately HKD 3.544 billion by offering about 104 million shares [1] - Jiansu, a supply chain management service provider, submitted an IPO application to the SEC for a Nasdaq listing, focusing on the plastic and chemical industries in China [2] - Defeng Technology, an independent AIoT provider, filed for an IPO on the Hong Kong Stock Exchange, specializing in energy and manufacturing sectors [3] - Kanop, an industrial robotics company, applied for an IPO on the Hong Kong Stock Exchange, ranking first among Chinese welding robot manufacturers [4] - NobiKan, an AI company, refiled for an IPO on the Hong Kong Stock Exchange after previous applications lapsed, focusing on AI and digital twin technologies [5] - Dongshan Precision, a PCB supplier for edge AI devices, submitted an IPO application to the Hong Kong Stock Exchange, aiming to become a leading supplier in the sector [6] - Mandi International, a consumer healthcare company, filed for an IPO on the Hong Kong Stock Exchange, leading the market in hair health products [7] - Lingyi Intelligent Manufacturing, an AI hardware platform, applied for an IPO on the Hong Kong Stock Exchange, ranking first in high-precision components for AI terminal devices [8] Group 2: Upcoming IPOs - Quantitative Platform is set to launch its IPO from November 19 to November 24, aiming to raise approximately HKD 131 million [9] - Haiwei Electronics plans to conduct its IPO from November 20 to November 25, targeting to raise around HKD 440 million [10] Group 3: Recent Hearings - Yujian Xiaomian, a modern Chinese noodle brand, passed the listing hearing on the Hong Kong Stock Exchange, operating 440 restaurants in mainland China and 11 in Hong Kong [11] - Jinyan High-tech, a kaolin company, also passed the listing hearing, focusing on the production of calcined kaolin products [12] - Naxin Micro, a provider of analog chips, passed the listing hearing, specializing in automotive electronics and consumer electronics [13] - Lemo, a smart massage service provider, passed the listing hearing, leading the market in smart massage services in mainland China [14] Group 4: Market Developments - The Singapore Exchange and Nasdaq announced a collaboration to simplify dual listings, aiming to launch a "Global Listing Board" by mid-2026 [15]

Group 1: Recent IPOs on Hong Kong Stock Exchange - Two companies listed on the Hong Kong Stock Exchange from August 25 to August 31 [2] - Shuangdeng Group Co., Ltd. (6960.HK) listed on August 26, focusing on energy storage batteries, with a first-day increase of 31.29% and a market cap of approximately HKD 73 billion [3] - Jiaxin International Resources Investment Co., Ltd. (3858.HK) listed on August 28, specializing in tungsten mining, with a first-day increase of 177.84% and a market cap of approximately HKD 148 billion [3] Group 2: New Stock Offerings - One company completed its new stock offering during the week of August 25 to August 31 [4] - Aux Electric, a global provider of high-quality air conditioning solutions, went through the listing hearing [5] Group 3: Companies Submitting Listing Applications - A total of 22 companies submitted main board listing applications and one company submitted a GEM listing application from August 25 to August 31 [7] - Notable companies include: - Nazhen Technology, a global provider of optical communication solutions, submitted its application on August 25 [8] - Chengdu Guoxing Aerospace Technology Co., Ltd., a participant in China's commercial aerospace industry, submitted its application on August 25 [9] - InxMed Limited-B, a biotech company focused on cancer treatment, submitted its application on August 25 [9] Group 4: Financial Performance and Projections - Nazhen Technology projected revenues of CNY 5.043 billion, CNY 4.239 billion, and CNY 5.087 billion from 2022 to 2024, with profits of CNY 429 million, CNY 216 million, and CNY 89 million respectively [18] - Guoxing Aerospace projected revenues of CNY 177 million, CNY 508 million, and CNY 553 million from 2022 to 2024, with losses of CNY 91 million, CNY 139 million, and CNY 177 million respectively [20] - InxMed Limited-B reported no commercial sales revenue for 2023 and 2024, with losses of CNY 209 million and CNY 185 million respectively [23] Group 5: Industry Insights - The energy storage battery market is growing, with Shuangdeng Group focusing on applications in communication base stations and data centers [3] - The tungsten mining sector is highlighted by Jiaxin International, which is developing the Bakuta tungsten mine in Kazakhstan [3] - The optical communication sector is represented by Nazhen Technology, which ranks fifth globally in optical module revenue [18]

Core Viewpoint - Haiwei Electronics is preparing for an IPO in Hong Kong, revealing key financial data that indicates a 17.5% increase in net profit but a 1.5% decline in gross margin, reflecting the company's operational status and potential risks [1] Group 1: Company Overview - Haiwei Electronics has been focused on the capacitor film industry for over 15 years and is the second-largest manufacturer in China, producing capacitor base films and metallized films [2] - The company operates in the midstream of the industry, utilizing a direct sales model and maintaining close relationships with suppliers and customers [2] Group 2: Financial Performance - Revenue increased from 3.271 billion to 4.217 billion yuan from 2022 to 2024, a growth of 28.0%, but saw a 3.2% decline in the first five months of 2025 compared to the same period in 2024 [3] - Net profit decreased from 102 million to 69.8 million yuan from 2022 to 2023, a decline of 31.5%, then increased to 82 million yuan in 2024, a growth of 17.5%, but fell to 31.4 million yuan in the first five months of 2025, a decrease of 4.6% [4] - The overall gross margin declined from 44.9% to 29.7% from 2022 to 2024, but increased from 27.9% to 35.5% in the first five months of 2025 [5] Group 3: Product and Revenue Structure - The majority of Haiwei Electronics' revenue comes from capacitor film products, with capacitor base films accounting for over 70% of revenue from 2022 to 2024 [6] - The revenue contribution from metallized films has been around 20% since 2023 [7] Group 4: Key Risks and Challenges - The company faces significant financial challenges due to fluctuations in the price of electrical-grade polypropylene, which affects sales costs and gross margins [8] - Haiwei Electronics is highly dependent on a few major customers, with the top five customers accounting for 34.9% to 42.1% of revenue from 2022 to May 2025, posing a customer concentration risk [10] - The company also relies heavily on a limited number of suppliers, with the top five suppliers accounting for 74.4% to 90.4% of procurement from 2022 to May 2025, which could impact production and cost control [11] Group 5: Management and Governance - The core management team has extensive experience in the capacitor film industry, averaging over 15 years, which is beneficial for the company's development [13] - The controlling shareholder group, which includes Song Wenlan and others, holds approximately 77.12% of voting rights, significantly influencing company decisions [12]

Group 1: HeSai Technology - HeSai Technology has received confirmation from the China Securities Regulatory Commission for its overseas listing in Hong Kong, planning to issue up to 51,236,200 ordinary shares [1] - The company went public on NASDAQ on February 9, 2023, at a price of $19 per share, raising $190 million by issuing 10 million shares [3] - As of August 26, 2025, HeSai Technology's stock price is $26.67, with a total market capitalization of $3.533 billion [3] - Projected revenues for HeSai Technology are 2.077 billion yuan for 2024 and 1.232 billion yuan for the first half of 2025, with corresponding net profits of -102 million yuan and 26.54 million yuan [4] Group 2: Haiwei Electronic Materials - Haiwei Electronic Materials is also preparing for an overseas listing in Hong Kong, intending to issue up to 47,423,000 ordinary shares [4] - The company submitted its prospectus to the Hong Kong Stock Exchange on February 26, but the prospectus has since expired [6] - Established in 2006, Haiwei Electronic Materials specializes in manufacturing capacitor films for film capacitors [7] - Revenue figures for Haiwei Electronic Materials are 327 million yuan for 2022, 330 million yuan for 2023, and 282 million yuan for the first nine months of 2024, with net profits of 102 million yuan, 70 million yuan, and 57 million yuan respectively [7]

Group 1 - The core viewpoint of the article highlights BYD's investment in a capacitor film company in Hebei Hengshui, which is preparing for an IPO [1] Group 2 - BYD's strategic investment is seen as a move to strengthen its position in the capacitor film market, which is crucial for electric vehicles and renewable energy applications [1] - The IPO of the capacitor film company is expected to attract significant attention from investors, given the growing demand for advanced materials in the technology and automotive sectors [1]