Company Overview - The company is called DaoSheng TianHe Materials Technology (Shanghai) Co., Ltd. with the stock code 601026 and the online subscription code 780026 [1][5] - The company operates in the chemical raw materials and chemical products manufacturing industry [1] Issuance Details - The issuance price is set at 5.98 yuan per share, with a total issuance quantity of 65,940,000 shares, representing 20% of the total shares post-issuance [1][5] - The expected total fundraising amount is approximately 78.864 billion yuan [1] - The issuance will be conducted through a combination of strategic placement, offline issuance, and online issuance [4][6] Initial Inquiry Results - As of September 24, 2025, the initial inquiry period received 9,395 bids from 688 offline investors, with a total proposed subscription quantity of 28,627,970,000 shares and a price range of 4.77 yuan to 7.18 yuan per share [6][7] - After excluding invalid bids, the remaining bids totaled 28,168,190,000 shares, with a net subscription multiple of 4,358.95 times the initial offline issuance scale [9] Pricing Adjustments - A total of 98 bids with proposed prices above 6.48 yuan per share were excluded, amounting to a total of 286,950,000 shares, which is approximately 1.0084% of the total proposed subscription quantity after invalid bids were removed [8][9]

Group 1 - The company plans to repurchase its A-shares to cancel and reduce its registered capital, reflecting confidence in future development and enhancing investor trust [11][12][21] - The repurchase price will not exceed 13.31 yuan per share, based on the average trading price over the previous 30 trading days [3][13] - The total amount allocated for the repurchase is between 61.84 million yuan and 92.76 million yuan [4][16] Group 2 - The estimated number of shares to be repurchased ranges from approximately 4,646,341 to 6,969,512 shares, representing about 0.22% to 0.34% of the total share capital [5][16] - The implementation period for the repurchase is set for 12 months from the date of approval by the shareholders' meeting [6][17] - The funds for the repurchase will come from the company's own funds [7][16] Group 3 - The company has established a special securities account for the repurchase at the Shenzhen branch of China Securities Depository and Clearing Corporation Limited [8][27] - The board of directors and shareholders have approved the repurchase plan during meetings held on August 28, 2025, and September 16, 2025, respectively [24][25] - The company will disclose the progress of the repurchase in accordance with relevant laws and regulations [30]

Core Points - Beijing Haocreat Ruitong Electric Equipment Co., Ltd. has received approval for its initial public offering (IPO) of 27,900,000 shares on the ChiNext board, with a set price of RMB 21.00 per share [1][2] - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods [1] - The initial strategic placement was 5,580,000 shares, which was later adjusted to 3,571,427 shares, accounting for 12.80% of the total issuance [2][6] Issuance Details - The final strategic placement quantity was reduced by 2,008,573 shares, which were reallocated to the offline issuance [2][6] - After the strategic placement adjustment, the offline issuance was 12,766,573 shares, representing 52.48% of the total issuance, while the online issuance was 11,562,000 shares, accounting for 47.52% [3][9] - The online subscription saw an effective application multiple of 10,719.00709 times, leading to a final online issuance success rate of 0.0161% [3] Subscription Statistics - The total amount subscribed by online investors was RMB 241,970,274, with 39,606 shares being abandoned [6] - Offline investors subscribed for 12,766,573 shares, totaling RMB 268,098,033, with no shares abandoned [9] Issuance Costs - The total costs associated with the issuance amounted to RMB 69.7483 million, including underwriting fees of RMB 41.9117 million and auditing fees of RMB 15.8 million [10]

Group 1 - The company, Yishitong, announced a stock repurchase plan through centralized bidding, intending to buy back its issued A-shares [2] - The total amount for the stock repurchase will be no less than RMB 30 million and no more than RMB 55 million, with funding sourced from self-owned or self-raised funds, including special loans for stock repurchase [2] - The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate future time [2]

Core Viewpoint - Shanghai Yousheng Aluminum Industry Co., Ltd. is set to conduct its initial public offering (IPO) and list on the main board, following the approval from the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE) [1][4]. Group 1: IPO Process - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance methods [2][4]. - The main underwriter for this issuance is Guotai Haitong Securities Co., Ltd. [2]. - The initial inquiry period for the IPO was from September 9, 2025, during which a total of 9,256 inquiries were received from 697 offline investors [5]. Group 2: Pricing and Subscription - The proposed subscription price range was between 22.64 yuan/share and 105.46 yuan/share, with a total proposed subscription quantity of 8,053,700,000 shares [5]. - After the initial inquiry, 62 inquiries were deemed invalid due to non-compliance with requirements, leading to a total of 8,008,980,000 shares being proposed for subscription [7][8]. - The final subscription amount after removing invalid and high-price inquiries resulted in a net subscription of 7,928,390,000 shares, indicating a subscription multiple of 3,422.03 times the initial issuance scale [8].

Group 1 - The company, Shanghai Yousheng Aluminum Industry Co., Ltd., is set to conduct its initial public offering (IPO) and list on the main board of the Shanghai Stock Exchange [1][15] - The IPO will involve a combination of strategic placement, offline issuance, and online issuance, with the lead underwriter being Guotai Haitong Securities Co., Ltd. [2][15] - The total number of shares to be publicly issued is 48.267111 million, accounting for 25% of the total share capital post-issuance [15][16] Group 2 - The initial strategic placement will consist of 9.653422 million shares, representing 20% of the total issuance, while the offline and online issuance will account for 60% and 40% of the remaining shares, respectively [16] - The pricing for the shares will be determined through preliminary inquiries from qualified investors, without cumulative bidding [17] - The shares issued through online placement will have no restrictions on circulation, while 10% of the shares from offline issuance will be subject to a six-month lock-up period [18] Group 3 - Offline investors must complete registration and submit relevant materials by September 8, 2025, to participate in the pricing inquiry [3][7] - Investors are required to provide a pricing basis and suggested price range during the inquiry period, which runs from September 4 to September 9, 2025 [5][6] - The maximum number of shares that each offline investor can apply for is capped at 11 million shares, which is 47.48% of the initial offline issuance [9]

Core Viewpoint - The company has initiated a share repurchase program to enhance shareholder value and implement employee stock ownership plans, with a total repurchase amount ranging from RMB 200 million to RMB 300 million [2]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan on April 10, 2025, using its own funds and a bank loan, with a maximum repurchase price set at RMB 9.25 per share, later adjusted to RMB 9.06 per share due to a dividend distribution [2][3]. - The repurchase period is set for 12 months from the board's approval date [2]. Group 2: Progress of Share Repurchase - As of August 31, 2025, the company had not yet repurchased any shares through the designated trading account [3]. - The company signed a loan agreement with China Construction Bank for the share repurchase [3]. Group 3: Details of Initial Share Repurchase - On September 2, 2025, the company successfully repurchased 4,360,700 shares, representing 0.14% of the total share capital, at a total cost of approximately RMB 29.997 million, with prices ranging from RMB 6.81 to RMB 6.92 per share [4]. - The repurchase was conducted in compliance with relevant laws and regulations [4]. Group 4: Compliance and Future Plans - The company confirmed that the share repurchase adhered to the guidelines set by the Shenzhen Stock Exchange and will continue to disclose information as required by law [5][7]. - The company plans to proceed with the repurchase program based on market conditions and will fulfill its disclosure obligations throughout the repurchase period [7].

Core Points - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its initial public offering (IPO) and listing on the main board of the Shanghai Stock Exchange [1] - The company plans to issue 43.7375 million shares at a price of 18.60 RMB per share, which represents 8.85% of the total shares post-issuance [1] - The total amount of funds raised is expected to be 813.5175 million RMB, with issuance costs amounting to 86.3279 million RMB [2] Company Information - The company is issuing ordinary shares (A shares) with a par value of 1.00 RMB per share [1] - The earnings per share before the issuance is 1.14 RMB, calculated based on the lower of the audited net profit attributable to shareholders of the parent company for the year 2024, excluding non-recurring gains and losses [1] - The price-to-earnings (P/E) ratio for the issuance is calculated based on the net profit attributable to shareholders of the parent company divided by the total shares post-issuance [1] Issuance Details - The issuance will be conducted through a combination of strategic placements to qualified investors, offline inquiries to eligible investors, and online pricing for public investors holding non-restricted A shares [1] - The underwriting method is a balance underwriting approach [1] - The net asset value per share before the issuance is calculated based on total equity divided by total shares before the issuance [1]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its initial public offering (IPO) and will be listed on the main board of the Shanghai Stock Exchange [2][3]. Group 1: IPO Details - The company plans to publicly issue 43.75 million shares, which will account for 25% of the total share capital after the issuance [3]. - The entire issuance consists of new shares, with no existing shares being transferred [3]. - The initial strategic placement will involve 13.996 million shares, representing 40% of the issuance after deducting the initial strategic placement amount [3]. Group 2: Issuance Mechanism - The issuance will combine strategic placement, offline inquiry-based placement for qualified investors, and online pricing issuance for public investors holding non-restricted A-shares and non-restricted depositary receipts [2][3]. - The pricing for the offline issuance will be determined through preliminary inquiries, with no cumulative bidding inquiries conducted [2]. Group 3: Investor Engagement - The company and its sponsor, Huatai United Securities Co., Ltd., will hold an online roadshow to provide investors with information regarding the issuance and the company [3]. - Investors can access the full prospectus and related documents on the Shanghai Stock Exchange website [3].

Core Viewpoint - Beijing Yitang Semiconductor Technology Co., Ltd. has received approval for its initial public offering (IPO) and listing on the Sci-Tech Innovation Board, with the registration granted by the China Securities Regulatory Commission [1] Group 1: IPO Details - The company plans to issue 29,556,000 shares, representing a percentage of the total share capital post-issuance [2] - The offering price is set at 8.45 yuan per share [2] - The total amount of funds raised is expected to be 249,748,200 yuan [4] Group 2: Strategic Placement - The "Junxiang No. 1 Asset Management Plan" will participate in the strategic placement, acquiring 2,908,872.1 shares, which is 9.84% of the total shares offered [2] - The lock-up period for shares acquired through the strategic placement is 12 months from the date of the IPO [2] - The underwriter's subsidiary, Guotai Junan Zhenyu Investment Co., Ltd., will also participate in the strategic placement with a lock-up period of 24 months [2] Group 3: Financial Metrics - Earnings per share before the issuance is calculated based on net profit attributable to shareholders divided by total shares before issuance [3] - Earnings per share after the issuance will be calculated similarly, using the post-issuance total shares [3] - The offering price-to-earnings ratio will be determined based on net profit attributable to shareholders, adjusted for non-recurring gains and losses [3]