证券代码：688305 证券简称：科德数控 公告编号：2026-001 科德数控股份有限公司关于注销部分募集资金专项账户的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 科德数控股份有限公司（以下简称"公司"）首次公开发行股票募集资金、2022年以简易程序向特定对象 发行人民币普通股（A股）股票（以下简称"2022年度向特定对象发行股票"）募集资金及2023年度向特 定对象发行人民币普通股股票（以下简称"2023年度向特定对象发行股票"）募集资金均已按照相关法 律、法规和规范性文件的规定在银行开立了募集资金专项账户（以下简称"募集资金专户"）。公司于近 日办理完成部分募集资金专户的注销手续，现将具体情况公告如下： 一、募集资金基本情况 根据中国证监会出具的《关于同意科德数控股份有限公司向特定对象发行股票注册的批复》（证监许可 〔2024〕268号），公司2023年度向特定对象发行人民币普通股股票8,525,149股，每股发行价格为人民 币70.38元，共募集资金人民币599,999,986.62元，扣除不含税发行费用 ...

Core Viewpoint - Several companies from Shanghai, including Topu CNC, have submitted IPO applications to the Hong Kong Stock Exchange, with Topu CNC being a notable player in the high-end manufacturing sector [1]. Company Overview - Topu CNC, founded in May 2007, is headquartered in Minhang District, Shanghai, and was transformed into a joint-stock company in November 2016 [2]. - The company focuses on the research, design, production, and sales of high-end intelligent manufacturing equipment, particularly five-axis CNC machine tools, to meet the advanced manufacturing needs of China's aerospace sector [4]. Financial Performance - Topu CNC has raised approximately 630 million RMB in funding over the past few years, with major investors including Shanghai Yiding Investment and Dinghui Investment [3]. - The company's revenue has shown growth, with figures of 136 million RMB in 2022, 335 million RMB in 2023, and projected revenues of 532 million RMB in 2024 and 445 million RMB for the first half of 2025. Net profits transitioned from losses of 197 million RMB in 2022 to a profit of 6.9 million RMB in 2024 [9][10]. - The gross profit margin improved significantly from -18.3% in 2022 to 42.9% in the first half of 2025, indicating better cost management and sales performance [9]. Product Line and Market Position - Topu CNC's product line includes aerospace intelligent manufacturing equipment, compact general-purpose five-axis machine tools, and large-size carbon fiber composite five-axis machine tools [6]. - The aerospace intelligent manufacturing equipment accounted for 94% of the company's revenue in the first half of 2025, down from 97.5% in 2022, indicating diversification in revenue sources [11]. - The company holds a leading position in the Chinese aerospace five-axis CNC machine tool market with an 11.6% market share and ranks fifth among all suppliers in the five-axis CNC machine tool market with a 4.3% share [29]. Industry Context - The CNC machine tool market in China is projected to grow from 86.5 billion RMB in 2020 to 116.9 billion RMB by 2024, with a compound annual growth rate of 5.3% [27]. - The five-axis CNC machine tool market is expected to increase from 7 billion RMB in 2020 to 10.8 billion RMB by 2024, representing about 9.2% of the overall market [27]. - Domestic suppliers are expected to capture a larger share of the five-axis CNC machine tool market, increasing from 18% in 2020 to over 75% by 2029 [29]. Challenges - The company has faced challenges with cash flow, recording negative operating cash flows in recent years due to high inventory levels and reliance on state-owned enterprises, which have longer cash conversion cycles [16][14]. - The cash conversion cycle for sales to state-owned enterprises was significantly longer than for non-state enterprises, impacting the company's liquidity [14][15].

一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 量化派 港股｜挂牌上市 据IPO早知道消息，量化派控股有限公司（以下简称"量化派"）于2025年11月27日正式以"2685"为 股票代码在港交所主板挂牌上市。 作为一家专注于中国消费领域的线上市场运营商，量化派持续深耕电商、汽车零售 O2O 等高频消费 场景，逐步构建起"用户—商品/服务—消费场景"的高效整合体系，为业务伙伴带来持续增长与协同 效应。 依托在消费领域的多年深耕，量化派沉淀了深厚的行业认知，并持续扩大用户与业务伙伴的覆盖范 围。截至 2025 年 5 月 31 日，量化派已连接超6,030万注册终端客户及2,646家业务伙伴，平台规 模稳步增长。 在业务规模不断扩大的同时，量化派的技术体系也持续深化——量化派自主研发的 "量星球" AI 技术 平台将运营、算法、营销等五大系统深度整合，为业务伙伴提供模块化、全链路的数字化解决方案， 助力提升获客效率、转化效果及整体运营能力。 在智能技术方面，量化派已构建起成熟的用户画像与分析体系，累计取得 9 项专利及 58 项软件著 作权，技术团 ...

11月26日，上海拓璞数控科技股份有限公司（简称"拓璞数控"）再次向港交所提交上市申请，拟冲刺"港股高端工业母机第一股"，联席保荐人为国泰海通 与建银国际。这是其继2019年、2020年两度科创板折戟，以及2025年5月首次递表港交所后的第四次上市尝试。 作为专注于五轴数控机床的企业，拓璞数控近年业绩表现亮眼。招股书显示，2022年至2024年营收分别达1.36亿元、3.35亿元和5.32亿元，复合年增长率 高达97.9%；净利润则从2022年的-1.97亿元扭亏为盈，2024年实现盈利688.6万元，2025年上半年进一步增至9415万元，同比激增270%。其核心业务航空 航天智能制造装备收入占比超94%，2024年该业务收入达5.03亿元，三年复合增长率94.97%。 业绩增长得益于高端数控机床国产化浪潮。灼识咨询数据显示，我国五轴数控机床国产化率从2021年的6%飙升至2024年的55%，预计2029年将超75%。政 策层面，《"十四五"智能制造发展规划》将五轴加工中心列为重点，2025年11月《推进商业航天高质量安全发展行动计划》进一步释放市场需求。在此背 景下，拓璞数控在中国航空航天五轴数控机床市场 ...

Core Viewpoint - Shanghai Topu Numerical Control Technology Co., Ltd. (Topu Numerical Control) has submitted a listing application to the Hong Kong Stock Exchange after achieving profitability in 2024 following years of losses, with revenue growth nearing threefold over the past two years [1][2]. Group 1: Company Overview - Topu Numerical Control, established in 2007, focuses on the research, design, production, and sales of high-end intelligent manufacturing equipment, primarily five-axis CNC machine tools used in the aerospace sector [2][7]. - The company ranks first in the Chinese aerospace five-axis CNC machine tool market, holding an 11.6% market share [2]. Group 2: Financial Performance - After losses in 2022 and 2023, Topu Numerical Control reported a profit of 6.89 million RMB in 2024, with gross profit rising from a loss of 24.79 million RMB in 2022 to nearly 200 million RMB in 2024 [3][4]. - Revenue figures for the fiscal years 2022, 2023, and 2024 were 136 million RMB, 335 million RMB, and 531 million RMB, respectively, indicating a growth of nearly three times over two years [2][4]. Group 3: Market and Industry Context - The global CNC machine tool market is projected to exceed 130 billion USD by 2025, with China accounting for 30% of this market, expected to surpass 450 billion RMB this year [2]. - The high-end five-axis machine tool market in China is estimated to exceed 13 billion RMB [2]. Group 4: Product and R&D Developments - Topu Numerical Control has expanded its product line, achieving revenue of 23.84 million RMB from compact general-purpose five-axis machine tools in fiscal year 2024, and 19.02 million RMB from large-size carbon fiber composite five-axis machine tools in the first half of fiscal year 2025 [5]. - R&D expenditures have decreased from 108 million RMB in 2022 to 86 million RMB in 2024, with a further reduction to 36 million RMB in the first half of 2025 [5][6]. Group 5: Funding and IPO Attempts - Topu Numerical Control has completed multiple funding rounds since 2011, with a valuation reaching 580 million RMB by the end of 2023 [8]. - This marks the company's fourth attempt at going public, having previously applied for listings on the Sci-Tech Innovation Board in 2019 and 2020, both of which were terminated during the inquiry stage [8].

根据灼识谘询报告，于2024年，拓璞数控在中国航空航天五轴数控机床市场排名首位，市场份额达 11.6%，而在中国五轴数控机床市场的所有供应商中排名第五且在国内供应商中排名第三，市场份额达 4.3%。根据同一资料来源，五轴数控机床为基础工业制造设备，由于其超高精密度、效率及智能加工 能力，跨行业的应用日益广泛。五轴数控机床的市场规模预计将从2024年的108亿元人民币增长至2029 年的270亿元人民币，复合年增长率为20.1%。于往绩记录期间，公司已将市场版图拓展至通用行业领 域，涵盖汽车、能源、医疗设备、造船、机床设备以及模具制造等行业。 于往绩记录期间，拓璞数控透过销售(i)航空航天智能制造装备；(ii)紧凑型通用市场五轴机床；(iii)大尺 寸碳纤维复合材料五轴机床；及(iv)提供维修及维护服务产生收入。公司的产品主要为客制化并依订单 生产的产品。于2025年前六个月，公司开始通过向市场推出大尺寸碳纤维复合材料五轴机床，以提升公 司的产品组合。 财务方面，于2022财年、2023财年、2024财年及2025年前六个月，拓璞数控实现收入分别约为1.36亿 元、3.35亿元、5.32亿元、4.45亿元人民币 ...

11月26日，上海拓璞数控科技股份有限公司（简称"拓璞数控"）再次向港交所提交上市申请书，联席保荐人为国泰海通、建银国际。 今年上半年，公司营业收入4.45亿元，同比增长41.2%；净利润增至0.94亿元，同比激增269.9%。 但招股书提示，受收入确认季节性影响，预计下半年收入将低于上半年，全年增长持续性存疑；下半年净利润可能显著下降，全年盈利水平或不及上半 年。 读创财经注意到，在2019年6月和2020年6月，上交所曾两度受理拓璞数控科创板发行申请，但均在问询后终止。今年5月26日，公司向港交所提交过招股 书。 招股书显示，拓璞数控成立于2007年，是中国高端智能制造装备供应商，专注于五轴数控机床研发生产，产品主要应用于航空航天领域关键零部件加工。 根据灼识咨询报告，公司2024年在中国航空航天五轴数控机床市场以11.6%的份额排名第一，整体五轴市场排名第五。 补贴扭亏 客户集中度较高 值得注意的是，根据上海拓璞科创板招股书，其2020年为亏损状态。经过3年的发展，根据港股招股书，其2022年至2023年仍为亏损状态，直至2024年才 实现盈利。 2022年至2024年（下称"报告期"），拓璞数控分别实 ...

Core Viewpoint - Shanghai Topway Numerical Control Technology Co., Ltd. is advancing its IPO process on the Hong Kong Stock Exchange, aiming to become the leading high-end industrial machine stock in Hong Kong [2][3]. Company Overview - Established in 2007, Topway focuses on the research, design, production, and sales of high-end intelligent manufacturing equipment, particularly five-axis CNC machine tools, applicable in various sectors including aerospace, automotive, energy, medical devices, shipbuilding, and molds [3]. - In 2024, Topway is projected to rank first in the Chinese aerospace five-axis CNC machine tool market with a market share of 11.6%, and fifth overall in the five-axis CNC machine tool market with a 4.3% share among all suppliers [3]. Technological Capabilities - Topway has developed a comprehensive range of manufacturing processes, including traditional milling, turning, boring, and drilling, as well as advanced technologies like friction stir welding and riveting, enabling it to cover a wide array of complex manufacturing applications [4]. - The company's products lead in several key performance indicators compared to domestic peers and are competitive with international manufacturers [4]. AI Integration and Achievements - Topway has achieved significant breakthroughs in integrating AI with industrial machines, winning the SAIL Star Award at the World Artificial Intelligence Conference for its "Five-axis Intelligent Manufacturing" desktop machine tool project, marking it as the first industrial machine company globally to receive this honor [5]. - The company has invested a total of 284 million yuan in R&D from 2022 to 2024 [5]. Financial Performance - Topway's revenue from 2022 to 2024 is projected to be 136 million yuan, 335 million yuan, and 531 million yuan, respectively, with a compound annual growth rate of 97.9%. In the first half of this year, revenue grew by 41.25% year-on-year to 445 million yuan [5]. - The company is expected to turn a profit in 2024, with an adjusted net profit of 13.38 million yuan [5]. Market Outlook - The Chinese five-axis CNC machine tool market is expected to grow from 7 billion yuan in 2020 to 10.8 billion yuan in 2024, with a projected compound annual growth rate of 20.1%, reaching 27 billion yuan by 2029 [6]. - Topway plans to continue focusing on cutting-edge technology and expand its market presence in general industries, aiming to establish five-axis CNC machine tools as a cornerstone of the new generation of intelligent manufacturing [6].

智通财经APP获悉，据港交所11月26日披露，上海拓璞数控科技股份有限公司(简称：拓璞数控)向港交所主 板递交上市申请，国泰君安国际、建银国际为联席保荐人。 招股书显示，拓璞数控是中国一家专注于高端智能制造装备(主要为五轴(计算机数字化控制"数控")机床)的 研发、设计、生产及销售的大型企业。公司专注于研发五轴数控机床，以满足中国航空航天领域对先进制造 的需求。 根据灼识谘询报告，于2024年，拓璞数控在中国航空航天五轴数控机床市场排名首位，市场份额达11.6%， 而在中国五轴数控机床市场的所有供应商中排名第五且在国内供应商中排名第三，市场份额达4.3%。根据 同一资料来源，五轴数控机床为基础工业制造设备，由于其超高精密度、效率及智能加工能力，跨行业的应 用日益广泛。五轴数控机床的市场规模预计将从2024年的108亿元人民币增长至2029年的270亿元人民币，复 合年增长率为20.1%。于往绩记录期间，公司已将市场版图拓展至通用行业领域，涵盖汽车、能源、医疗设 备、造船、机床设备以及模具制造等行业。 于往绩记录期间，拓璞数控透过销售(i)航空航天智能制造装备；(ii)紧凑型通用市场五轴机床；(iii)大尺寸碳 ...

来源：新浪港股-好仓工作室 聚焦五轴数控：航空航天市占率11.6%但业务结构单一 拓璞数控是中国高端智能製造装备供应商，专注于五轴数控机床研发生产，产品主要应用于航空航天领 域关键零部件加工。根据灼识咨询报告，公司2024年在中国航空航天五轴数控机床市场以11.6%的份额 排名第一，整体五轴市场排名第五（国内第三，份额4.3%）。 商业模式以"研发驱动+定制生产"为主，2025年上半年96.4%收入通过招标获取，客户集中于国有企事业 单位及大型制造企业。但业务结构高度依赖航空航天领域，2025年上半年该业务收入占比达94.0%，紧 凑型通用市场机床占比仅1.6%，新推出的大尺寸碳纤维复合材料机床贡献4.3%，业务多元化进展缓 慢。 营收三年复合增97.9% 2025上半年突破4.4亿 公司近年收入实现跨越式增长，从2022财年的1.36亿元增至2024财年的5.32亿元，复合年增长率 97.9%；2025年上半年收入4.45亿元，同比增长41.2%。但招股书提示，受收入确认季节性影响，预计下 半年收入将低于上半年，全年增长持续性存疑。 期间收入（人民币千元）同比增长2022财年135,7692023财年334 ...