Core Viewpoint - The article discusses the upcoming IPO of Changjiang Nengke, highlighting its market position, financial performance, and business focus in the energy and chemical equipment sector. Group 1: Company Overview - Changjiang Nengke is set to issue shares with a subscription code of 920158 at a price of 5.33 yuan, with a total market value of 619.3 million yuan [2] - The company specializes in the design of energy and chemical equipment, focusing on heat exchange equipment, storage equipment, carbon capture equipment, and hydrogen energy equipment [2] - Its core product, electric desulfurization equipment, is crucial for oil extraction from both marine and land oil fields, determining whether crude oil meets export standards [2] Group 2: Financial Performance - The company reported revenues of 314 million yuan in 2024, reflecting a decrease of 9.77% compared to the previous year [3] - In 2023, the company achieved revenues of 348 million yuan, marking an increase of 58.90% from 2022, which had revenues of 219 million yuan, up by 14.66% [3] Group 3: Market Position and Comparisons - The company has a price-to-earnings ratio of 14.99, with comparable companies in the industry including Xizhuang Co. and Kexin Electromechanical [2] - According to the Jiangsu Province Petrochemical Equipment Industry Association, the company ranked first in the domestic market for electric desulfurization equipment from 2021 to 2022 [2] Group 4: Fundraising Purpose - The funds raised from the IPO will be directed towards the annual production of 1,500 tons of heavy special materials equipment and 4,500 tons of oil and gas equipment for both land and sea [3]

IPO Review and Registration Progress - Two companies faced IPO review last week, with TaiKaiYing passing and HengKun New Materials' review being postponed [2] - TaiKaiYing focuses on the global mining and construction tire market, with approximately 70% of its sales coming from overseas [2] - HengKun New Materials reported a revenue of 548 million yuan in 2024, a year-on-year increase of 49.01% [3] Upcoming IPOs - This week, two companies, Changjiang Nengke and DeLiJia, are scheduled for IPO reviews, aiming to raise 10.07 billion yuan and 18.81 billion yuan respectively [4][6] - Changjiang Nengke's revenue for 2024 is projected at 314 million yuan, a decline of 9.77% year-on-year [4] - DeLiJia specializes in high-speed heavy-duty precision gear transmission products, with a revenue of 3.715 billion yuan in 2024 [5] New Stock Listings - Two new stocks, Shanda Electric and Jiyuan Group, were listed last week, with Shanda Electric's stock price increasing by 356% on its first day [8] - Shanda Electric reported revenues of 478 million yuan, 549 million yuan, and 658 million yuan from 2022 to 2024 [8] - Jiyuan Group's revenue for the same period was 947 million yuan, 892 million yuan, and 1 billion yuan [9] New Stock Subscription and Issuance - Three new stocks are available for subscription this week, including Tianfu Long and Youli Intelligent [10] - Tianfu Long's projected revenue for 2024 is 3.841 billion yuan, while Youli Intelligent expects a revenue of 462 million to 482 million yuan in the first half of 2025 [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) emphasizes enhancing the investment value of listed companies and preventing financial fraud [13] - CSRC plans to strictly limit significant adverse impacts from industry competition on listed companies [14]