本报讯 （记者冯雨瑶）重庆三圣实业股份有限公司（以下简称"*ST三圣（002742）"）正式迎来董事会 换届。12月29日晚间，公司发布公告称，当日召开的2025年第二次临时股东大会审议通过了《关于换届 选举非独立董事的议案》《关于换届选举独立董事的议案》，选举产生第六届董事会非独立董事宋英 健、段伟为、魏东、马胜义、严欢及独立董事张金若、丛晓东、黄超。同日，公司召开2025年第一次职 工代表大会，经公司全体与会职工代表讨论并现场投票表决，一致同意选举张健为公司第六届董事会职 工代表董事。上述人员共同组成公司第六届董事会，即日起正式履职。 从新一届董事会构成看，宋英健、魏东、马胜义、段伟为4名非独立董事和张金若、丛晓东、黄超3名独 立董事，均为新控股股东冀衡集团提名，职工代表董事张健亦来自冀衡集团子公司冀衡药业，冀衡集团 实质上掌握了董事会的绝大多数席位，新治理架构得以巩固。 资料显示，冀衡集团成立于1998年，是一家集医药、化工、肥料三大系列产品，生产贸易相结合、自主 和高等院校联合研发为一体的综合性企业集团。目前，*ST三圣新任董事长宋英健现任冀衡集团董事、 总经理，魏东、马胜义同为冀衡集团核心高管，分别 ...

天眼查App显示，近日，龙南市朗科生物科技有限公司成立，法定代表人为陈冬梅，注册资本5万人民 币，经营范围为许可项目：肥料生产，城市生活垃圾经营性服务，旅游业务（依法须经批准的项目，经 相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许 可证件为准）一般项目：生物有机肥料研发，肥料销售，化肥销售，新型有机活性材料销售，生物饲料 研发，生物基材料销售，生物基材料制造，生物基材料技术研发，畜禽粪污处理利用，生活垃圾处理装 备销售，土地整治服务，土壤污染治理与修复服务，园林绿化工程施工，工业工程设计服务，城市绿化 管理，工业设计服务，园区管理服务，食用农产品初加工，技术服务、技术开发、技术咨询、技术交 流、技术转让、技术推广，初级农产品收购，中草药收购，中草药种植，游览景区管理，旅游开发项目 策划咨询（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）。 ...

近日，齐鲁晚报·齐鲁壹点记者从信用中国（江西）获悉，江西新瑞丰生化股份有限公司因在产品中掺杂、掺假，以假充真，以次充好，或者以不合格产 品冒充合格产品的行为，被新干县市场监督管理局行政处罚。1、责令停止生产销售不合格的含氨基酸水溶肥料；2、处罚款902889元；3、没收违法所得 90271.9元；以上两项合计金额993160.9元。 | 信用用系(x) | | | | --- | --- | --- | | WWW.CREDITJX.GOV.CN | | | | 信用信息 统一社会信用代码 | 站内文章 | | | Ｑ ■输入主体名称或者统一社会信用代码 搜索 | | | | the later the could stime aller aller like interest -4-4-8000 | | NOW of 1 1-4 | | 原因為留守 。 因和中 因意和 | | | --- | --- | | 行政相对人名称: | 江西新瑞丰生化股份有限公司 | | 行政处罚决定书文号: | 干市监处罚 < 2025> 135号 | | · Bank Links (1) | 在产品中排杂、抄假,以假充真,以次 ...

Summary of Key Points Core Viewpoint The Beijing Stock Exchange (BSE) has seen a decrease in trading volume and value over the past week, with a total of 282 listed companies as of November 16, 2025. The market is experiencing a slowdown in new listings and IPO activities, while some companies are progressing through the listing process. Trading Activity - As of November 16, 2025, the BSE has 282 listed companies with a total share capital of 39.228 billion shares and a circulating share capital of 25.056 billion shares [2] - The weekly trading volume from November 10 to November 16 was 4.909 billion shares, a decrease of 0.32% compared to the previous week [3] - The weekly trading value was 106.96 billion yuan, down 5.86% from the previous week [3] - The average trading price was 21.79 yuan, reflecting a decrease of 5.56% [3] - The BSE 50 Index fell by 0.56% to 1514.20 points, with 18 stocks rising and 32 falling [3] New Listings and IPOs - During the week of November 10 to November 16, one company opened for subscription, two companies passed the review, and one company's listing application was accepted [5][17] - As of November 16, 2025, there are 111 companies awaiting review, including 2 that are "accepted," 95 that are "inquired," 8 that have been "approved by the listing committee," and 6 that have "submitted registration" [5] - No companies were listed or received registration approval during this period [12][19] Company Highlights - Nantong Technology Co., Ltd. plans to raise 286 million yuan for projects related to high-end precision components [9] - From 2022 to 2024, Nantong Technology reported revenues of 834 million yuan, 938 million yuan, and 1.031 billion yuan, with net profits of 46.64 million yuan, 84.18 million yuan, and 98.22 million yuan respectively [10] - Changzhou Tongbao Optoelectronics Co., Ltd. aims to raise 330 million yuan for projects in the new energy vehicle sector [15] - Shandong Agricultural University Fertilizer Technology Co., Ltd. plans to raise 413 million yuan for various agricultural projects [16] - Guangdong Hengji Metal Co., Ltd. has had its listing application accepted and plans to raise 440 million yuan for new production facilities [18] Counseling and Review Process - One company passed the counseling acceptance during the week, while three companies entered the counseling period [20][23] - Companies are actively engaging in the counseling process to prepare for future IPOs, with several companies having their counseling applications accepted [21][25]

Core Viewpoint - Shandong Agricultural University Fertilizer Technology Co., Ltd. (referred to as "Nongda Technology") has been approved for IPO on the Beijing Stock Exchange, marking it as the 76th company approved this year, with a focus on the development, production, and sales of new fertilizers and their intermediates [1][3]. Company Overview - Nongda Technology's main business includes the research, production, sales, and technical services of new fertilizers and their intermediates [1]. - The company is controlled by Tai'an Mingquan Investment Group Co., Ltd., which holds 54.29% of the shares, while Ma Xuewen, the actual controller, holds a total of 70.10% of the shares through direct and indirect ownership [1][2]. IPO Details - The company plans to publicly issue up to 20 million shares, with a minimum of 25% of the total shares to be held by public shareholders post-issuance [3]. - The total funds to be raised amount to approximately 41.25 million yuan, which will be allocated to projects including a 300,000-ton annual production of humic acid intelligent high tower compound fertilizer and a 150,000-ton bio-fertilizer production line [3]. Regulatory Insights - The review committee raised inquiries regarding the authenticity of the company's operating performance, specifically the reasons for declining revenue despite increasing net profit and gross margin [5]. - Questions were also raised about the sustainability of the company's operating performance and the feasibility of absorbing the new production capacity from the fundraising projects [5].

Core Viewpoint - Shandong Agricultural University Fertilizer Technology Co., Ltd. is preparing for an IPO while highlighting its dividend distribution and funding needs, raising questions about its financial management and operational sustainability [1][2]. Group 1: Company Overview - The company specializes in fertilizer production, utilizing proprietary technologies such as humic acid activation and controlled-release techniques, with products including humic acid-enhanced fertilizers and controlled-release urea [1]. - The company has distributed a total of 180 million yuan in dividends over the reporting period, with a cumulative net profit of 347.67 million yuan, indicating a dividend payout ratio of 51.77% [1]. Group 2: Financial Management - The company plans to raise 413 million yuan through its IPO, with 40 million yuan allocated for working capital, which is intended to alleviate daily operational financial pressures and enhance risk resilience [1]. - There is a contradiction in the company's statements regarding dividend payments and the need for additional working capital, as it claims that dividends do not significantly impact operations while simultaneously seeking funds to ease financial strain [1]. Group 3: Market Context - Several IPO candidates have successfully passed listings after removing working capital supplementation from their proposals, indicating a trend in the market where such funding requests are scrutinized [2]. - The company has engaged in procurement of fertilizer testing services from a related entity, highlighting inter-company relationships and potential conflicts of interest in bidding processes [2][3]. Group 4: Procurement and Equipment - Potash fertilizer is a major procurement item for the company, with a reported purchase price of 2,298.95 yuan per ton, which is lower than the market price of 2,506.57 yuan per ton reported by its supplier [4]. - The company has shown an increase in production equipment, with a notable rise in the number of distribution devices and air compressors, although the asset value increase remains minimal, raising questions about capital efficiency [4].

Core Viewpoint - Five companies are set to present their IPO applications, with the highest fundraising target being 3.981 billion yuan by Zhenstone Co., Ltd. [1] Group 1: Upcoming IPOs - Zhenstone Co., Ltd. aims to raise 3.981 billion yuan for projects including the construction of a fiberglass product production base and a composite materials production base [1][2] - Strong One Co., Ltd. plans to raise 1.5 billion yuan, while Hengyun Chang intends to raise 1.469 billion yuan [1] - The geographical distribution of the companies includes two from Jiangsu Province, and one each from Shandong, Zhejiang, and Guangdong Provinces [1] Group 2: Company Profiles - Zhenstone Co., Ltd. specializes in the research, production, and sales of fiber-reinforced materials in the clean energy sector [2] - Strong One Co., Ltd. is one of the few domestic manufacturers with the capability to design and mass-produce MEMS probe cards [3] - Hengyun Chang focuses on the development and production of plasma radio frequency power systems and related devices [3] - Tongbao Optoelectronics is engaged in the design, research, production, and sales of automotive LED modules and lights [4] - Nongda Technology specializes in the research, production, and sales of new fertilizers and their intermediates [4]

Core Insights - This week (November 10-14), four companies are scheduled for IPO meetings, with two aiming for the Sci-Tech Innovation Board and two for the Beijing Stock Exchange [1][2] Group 1: Companies and Their IPO Plans - Strong One Co., Ltd. plans to raise 1.5 billion yuan, focusing on the development and production of probe cards and related projects [1][2] - Hengyun Chang intends to raise 1.469 billion yuan, specializing in plasma radio frequency power systems and related technologies [1][2] - Nongda Technology aims to raise 413 million yuan, focusing on the research and production of new fertilizers [1][4] - Tongbao Optoelectronics plans to raise 330 million yuan, engaged in the design and production of automotive LED modules and lights [1][3] Group 2: Regional Distribution - Among the four companies, two are from Jiangsu Province, while one each is from Shandong and Guangdong Provinces [1]

Core Viewpoint - Shandong Agricultural University Fertilizer Technology Co., Ltd. (referred to as "the Company") is scheduled for a review meeting on November 14, 2025, to discuss its performance forecast for 2025, which indicates a potential decline in revenue and net profit compared to previous years [1][3]. Financial Performance - The Company has experienced a decline in revenue for two consecutive years, with significant fluctuations in gross profit margins, which were 13.27%, 15.04%, 18.83%, and 17.49% from 2022 to 2025 [3][4]. - For 2025, the Company forecasts revenue between 2.2 billion to 2.4 billion yuan, representing a year-on-year change of -6.91% to 1.56%, and net profit between 140 million to 160 million yuan, with a year-on-year change of -3.64% to 10.13% [4][5]. Business Operations - The Company specializes in the research, production, and sales of new fertilizers and their intermediates, including humic acid-enhanced fertilizers and controlled-release fertilizers [2]. - The Company has a diverse customer base, including major agricultural input companies and government clients, which has led to an increase in accounts receivable, reaching 387 million yuan by the end of the reporting period [7]. Production Capacity and Utilization - The Company has a low production capacity utilization rate, below 60%, while still planning to expand production capacity significantly [9][10]. - The Company plans to raise funds for new projects, including a 300,000-ton humic acid intelligent high-tower compound fertilizer project and a 150,000-ton bio-fertilizer production line [9]. Corporate Governance and Financial Management - The Company’s major shareholder is Mingquan Investment, controlled by Ma Xuewen and his son, who collectively hold 76.10% of the shares [11]. - Despite a significant cash dividend of 180 million yuan in 2022, the Company plans to raise 40 million yuan to supplement its working capital, raising questions about its financial management strategy [13][14].

Core Insights - The successful launch of the high tower granulation production line at Xinjiang Akesu Alar High-tech Industrial Development Zone marks the full-scale operation of two key production lines for Xinyangfeng Agricultural Technology Co., Ltd. [1] - The Akesu base, which began construction in October 2024, has achieved rapid implementation of critical production capacity within a year through scientific planning and efficient execution [1] - The high tower production line will primarily produce high-end compound fertilizers, while the previously launched water-soluble fertilizer line focuses on modern agricultural needs for water-saving, efficient, and precise fertilization [1] - The two production lines complement each other, forming a "dual-engine" product matrix that enhances the company's comprehensive supply capacity and market competitiveness in the Northwest region [1] - The full operation of the core production lines at the Akesu project is a key step in the company's national capacity layout and a solid measure to implement the concept of "serving modern agriculture" [1] - Leveraging Akesu's unique geographical advantages, the company aims to quickly respond to market demands in the Northwest and expand the reach of high-quality fertilizer resources to promote regional agricultural modernization [1]