业内人士表示，赛道景气度高、技术壁垒强、管理层优质的头部企业更能获得资本青睐。未来，符合国 家战略、具有核心竞争力的企业，或出现溢价定增的情形。 ● 本报记者董添 溢价定增引关注 中国证券报记者梳理发现，不少上市公司实际发行价相比发行底价溢价率超过20%。 2月10日晚，广电计量（002967）对外披露2025年度向特定对象发行A股股票并在主板上市的公告书。 公告显示，本次发行数量约为5414.41万股，发行价格为24.01元/股，募集资金总额约为13亿元，募集资 金净额约为12.92亿元，新增股份上市时间为2月12日。 广电计量在公告中表示，本次向特定对象发行的定价基准日为发行期首日，即2026年1月21日，发行底 价为18.60元/股。根据投资者申购报价结果，并按照《认购邀请书》确定发行价格、发行对象及获配股 份数量的程序和规则，确定本次发行价为24.01元/股，较发行底价18.60元/股溢价29.09%。 近期，A股市场密集出现定增发行价高于发行底价的案例，引发市场关注。 另以风神股份（600469）为例，公司2月13日晚间对外披露2025年度向特定对象发行A股股票上市公告 书。公告显示，本次发行数量约 ...

证券日报网讯2月25日，康斯特（300445）在互动平台回答投资者提问时表示，公司压力产品收入约占 总营收的70%以上，在国内市场应用依次以计量检测、发电及电网、仪表及传感器、石油及天然气等行 业为主。 ...

"折价拿票、到期套利"曾是A股定增市场最朴素的生存法则。但开年至今，越来越多的定增项目跳出了 传统折价区间，以显著的高溢价成功发行。一批溢价率超20%的定增项目正在颠覆"不折价不参与"的惯 性思维。 那么，究竟是谁在高溢价抢筹定增？显然，本轮高溢价定增并非散户或单一机构的冲动行为，核心主力 仍是公募基金，由私募机构、券商及券商资管、保险及保险资管、外资机构、具有央国企背景的产业资 本以及牛散构成的多元资本阵容也参与其中。 从行业分布来看，汽车产业链个股开年新一轮定增溢价发行尤为突出。 据公开信息，国内工程机械轮胎生产龙头企业风神股份新一轮定增总募资11亿元，发行价格为每股6.85 元，与发行底价的比率为125%。 老牌整车制造商江淮汽车新一轮定增以23.93%的溢价率发行，最终以每股49.88元的价格发行7016.84万 股，总募资35亿元。此外，新能源乘用车整车企业北汽蓝谷新一轮定增总募资60亿元，发行溢价率为 15.77%。 汽车部件与材料个股中，中高端电子级玻璃纤维制品厂商宏和科技新一轮定增共募资9.95亿元，发行溢 价率23.15%。汽车零部件个股德尔股份新一轮定增虽然仅募资9270万元，但发行溢价率 ...

Core Viewpoint - The company has approved the use of 1 billion yuan of temporarily idle raised funds for cash management to enhance fund efficiency and returns while ensuring that it does not affect the normal progress of investment projects [2][7]. Group 1: Board Meeting Details - The fifth board meeting of the company was held on February 12, 2026, via communication means, with all 9 directors present, meeting legal requirements [2][4]. - The board unanimously approved the proposal to use idle raised funds for cash management, with 9 votes in favor and none against [4][7]. Group 2: Fund Management Proposal - The company plans to use up to 1 billion yuan of temporarily idle raised funds for cash management, focusing on high-security, low-risk products with a maturity of no more than 12 months [2][10]. - The funds can be rolled over within the approved limit, with any cash management balance at any time not exceeding 1 billion yuan [10][11]. Group 3: Fundraising and Usage - The company raised approximately 1.3 billion yuan through a specific stock issuance, with a net amount of about 1.29 billion yuan after deducting issuance costs [8]. - As of February 12, 2025, the company has utilized approximately 242 million yuan of the raised funds for working capital [8][9]. Group 4: Rationale for Cash Management - The temporary idleness of the raised funds is due to the long construction cycle of investment projects, which requires phased funding [9]. - The cash management initiative aims to improve fund efficiency and generate returns without impacting the ongoing investment projects [10][16]. Group 5: Implementation and Oversight - The management team has been authorized to implement the cash management strategy [3][12]. - The proposal has been reviewed by the sponsor, Huatai United Securities, confirming that it aligns with regulatory requirements and does not alter the intended use of the raised funds [5][16].

2026年2月12日，广电计量检测集团股份有限公司（以下简称"广电计量"）2025年度向特定对象发行A股股票成功发行登记上市，本次发行共募集资金人 民币13亿元，华泰联合证券担任独家保荐人及主承销商。本次发行为广电计量夯实了服务高端制造与数字经济的坚实资本基础，为国有企业强化战略科技 支撑、培育新质生产力注入新动能。 广电计量创立于2002年，隶属于广州数字科技集团有限公司（以下简称"广州数科集团"），是综合实力领先的国有第三方计量检测上市公司（股票代码： 002967.SZ）。广电计量构建集计量检测、产品认证、标准开发、科研创新及工具研制于一体的综合化业务格局，主营业务覆盖装备制造、航空航天、智 能网联汽车、半导体与集成电路、数字经济、生命科学等重点产业领域，打造高技术、高品质、高公信力的第三方计量检测公共技术服务平台，服务国家 发展战略，推动前沿科技创新，助力建设质量强国。 作为本次发行的保荐机构及主承销商，华泰联合证券协助广电计量清晰、有序、高效地推进路演及投资者沟通工作，向投资人精准呈现广电计量投资亮 点。本次发行股票获市场踊跃认购，发行价格相比定价基准日前20个交易日均价溢价3.31%，成为2026 ...

Group 1 - The core viewpoint of the news is that Tian Su Measurement has shown a slight increase in stock price and has reported specific financial metrics related to its financing activities and business performance [1][2]. Group 2 - On February 9, Tian Su Measurement's stock price increased by 0.68%, with a trading volume of 61.68 million yuan. The financing buy-in amount was 3.09 million yuan, while the financing repayment was 5.61 million yuan, resulting in a net financing buy-in of -2.52 million yuan. The total financing and securities balance reached 57.13 million yuan [1]. - As of February 9, the financing balance of Tian Su Measurement was 57.13 million yuan, accounting for 5.21% of its circulating market value [1]. - The company is located in Shenzhen, Guangdong Province, and was established on June 17, 2009. It specializes in measurement calibration, testing, and certification services across various sectors, including biomedicine, automotive, new energy, and rail transportation [1]. - For the period from January to September 2025, Tian Su Measurement achieved an operating income of 648 million yuan, representing a year-on-year growth of 12.12%. The net profit attributable to the parent company was 92.99 million yuan, with a year-on-year increase of 11.62% [2]. - As of January 30, the number of shareholders of Tian Su Measurement was 17,400, a decrease of 13.84% from the previous period, while the average circulating shares per person increased by 16.06% to 799 shares [2].

格隆汇2月4日丨广电计量(002967.SZ)公布，为提升和完善各业务板块的技术能力，保障公司2026年度 经营指标的达成，以及"十五五"发展规划目标的实现，公司2026年进行技术改造计划投资3.67亿元，其 中31,008万元用于仪器设备购置，3,682万元用于实验室场地装修和改造，1,983万元用于信息化建设。 ...

智通财经APP讯，广电计量(002967.SZ)公告，公司2026年进行技术改造计划投资3.67亿元，其中3.1亿元 用于仪器设备购置，3682万元用于实验室场地装修和改造，1983万元用于信息化建设。 ...

智通财经APP讯，广电计量(002967.SZ)公告，公司2026年进行技术改造计划投资3.67亿元，其中3.1亿元 用于仪器设备购置，3682万元用于实验室场地装修和改造，1983万元用于信息化建设。 ...

广电计量公告，公司2026年技术改造计划投资3.67亿元，其中3.1亿元用于仪器设备购置，3682万元用于 实验室场地装修和改造，1983万元用于信息化建设。此次技术改造旨在提升各业务板块技术能力，保障 2026年度经营指标达成及"十五五"规划目标实现。 ...