IPO Review and Registration Progress - Four new IPO applications were accepted last week, with the first IPO on the Shanghai main board this year being Longyu Group, which aims to raise 700 million yuan [2][3] - Longyu Group's main business involves zirconium products, special nylon products, and fine chemical products, with over 70% of revenue coming from zirconium products, although its gross margin is declining [2][3] - The company reported revenues of 1.669 billion yuan in 2022, 1.607 billion yuan in 2023, and 1.637 billion yuan in 2024, with net profits of 257 million yuan, 188 million yuan, and 205 million yuan respectively [3] - Shenglong Co., a large molybdenum company, plans to raise 1.53 billion yuan and reported a revenue of 2.864 billion yuan in 2024, a 46.3% increase year-on-year [3] - Two new IPOs were accepted on the Beijing Stock Exchange: Peicheng Technology and Kanghua Co., with Peicheng's revenue declining by 4.02% in 2024 [3][4] Upcoming IPOs - Three companies, Zhigao Machinery, Shichang Co., and Hai'an Rubber, are scheduled for IPO meetings this week, with Hai'an Rubber aiming to raise 2.952 billion yuan [5][6] - Hai'an Rubber's revenue growth has significantly slowed, with a revenue increase of only 2.19% in 2024 compared to previous years [6] - Zhigao Machinery plans to raise 395 million yuan, while Shichang Co. aims for 171 million yuan [7] New Stock Subscription and Listing Dynamics - Three new stocks are scheduled for subscription this week, with a total expected fundraising of 1.332 billion yuan [10] - Youyou Green Energy plans to issue shares at 89.6 yuan each, aiming to raise approximately 941 million yuan, exceeding its original target by 34% [10] - The company reported a revenue of 1.497 billion yuan in 2024, an 8.85% increase, but a net profit decline of 4.6% [10] - Jiao Da Tie Fa aims to raise 168 million yuan, while Ying Shi Innovation plans to raise 464 million yuan for their respective projects [11] Policy and Regulatory Developments - The China Securities Association updated the list of D-class sponsor representatives, adding eight new names from various securities firms [13] - The Ministry of Finance announced administrative penalties against several securities evaluation institutions and asset appraisers following quality checks [14] - The Shenzhen Stock Exchange is focusing on supporting the computing chip industry through reforms and enhancing the service system from "IP" to "IPO" [15]