酉立智能（920007）公布半年报分配预案，拟10派10元（含税）。本次权益分派预计派发现金红利 4200.00万元。 从市场表现来看，该股最新收盘价为77.77元，近5日累计上涨0.63%，合计换手率48.63%。 公司半年报显示，上半年营业收入为4.81亿元，同比增长29.47%，净利润为5794.98万元，同比增长 17.00%，每股收益为1.8800元，加权平均净资产收益率17.68%。 公司主营业务为光伏支架核心零部件的研发、生产和销售。 ...

从市场表现来看，该股最新收盘价为77.77元，近5日累计上涨0.63%，合计换手率48.63%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 公司半年报显示，上半年营业收入为4.81亿元，同比增长29.47%，净利润为5794.98万元，同比增长 17.00%，每股收益为1.8800元，加权平均净资产收益率17.68%。 公司主营业务为光伏支架核心零部件的研发、生产和销售。 酉立智能（920007）公布半年报分配预案，拟10派10元（含税）。本次权益分派预计派发现金红利 4200.00万元。 （文章来源：证券时报网） ...

IPO Pipeline Overview - As of August 10, there are 299 companies in the IPO pipeline, with 29 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 26 on the Shenzhen Main Board, 29 on the ChiNext, and 179 on the Beijing Stock Exchange [1][2]. Newly Listed Companies - From August 4 to August 10, three companies were newly listed: - Hansan (Nanjing) Technology Co., Ltd. on the ChiNext with a closing price of 82.89 CNY per share, a rise of 186.72%, and a trading volume of 2.048 billion CNY [4][5]. - Yangzhou Tianfulong Group Co., Ltd. on the Shanghai Main Board with a closing price of 56.80 CNY per share, a rise of 140.68%, and a trading volume of 1.971 billion CNY [5]. - Jiangsu Youli Intelligent Equipment Co., Ltd. on the Beijing Stock Exchange with a closing price of 83.22 CNY per share, a rise of 246.89%, and a trading volume of 732 million CNY [5]. New Counseling Record Companies - Eight companies were newly recorded for counseling from August 4 to August 10, including: - Beijing Jichuang Beifang Technology Co., Ltd., focusing on integrated circuit design [6][7]. - Yao Mazi Food Co., Ltd., specializing in seasoning products [8]. - Changde New Material Technology Co., Ltd., engaged in resource utilization and new materials [8]. - Anhui Jiren Pharmaceutical Co., Ltd., focusing on modern traditional Chinese medicine [8]. - Dongguan Yuanli Optoelectronics Co., Ltd., specializing in LCD backlight modules [8]. - Zhongdao Optoelectronic Equipment Co., Ltd., focusing on detection equipment for displays and solar cells [8]. - Tianbo Intelligent Technology (Shandong) Co., Ltd., producing various automotive sensors [9]. - Zhongxing Micro Technology Co., Ltd., providing video technology solutions based on AI and big data [9]. Approval Status of Companies - Three companies successfully passed the review process from August 4 to August 10: - Zhongcheng Zhixin Engineering Consulting Group Co., Ltd. on the Beijing Stock Exchange [10]. - Suzhou Fengbei Biotechnology Co., Ltd. on the Shanghai Main Board [10]. - Zhuhai Nante Metal Technology Co., Ltd. on the Beijing Stock Exchange [10]. - The review for Jiejia Robot Co., Ltd. was canceled [10]. Registration Approval - Two companies received registration approval from August 4 to August 10: - Guangzhou Bibete Pharmaceutical Co., Ltd., focusing on innovative drug development [16][17]. - Daming Electronics Co., Ltd., specializing in automotive electronic components [18]. Termination of Review - Only one company, Wenduoli Sunshade Materials (Dezhou) Co., Ltd., withdrew its IPO application during this period [20][21].

Core Points - The company Youli Intelligent (stock code: 920007) experienced a significant increase of 246.89% on its first day of trading, with a turnover rate of 77.21% and a transaction volume of 732 million yuan [1] - The company's main business focuses on the research, development, production, and sales of core components for photovoltaic brackets [2] Financing and Trading Details - On its debut, Youli Intelligent had a financing buy-in amount of 7.5878 million yuan, accounting for 1.04% of the total trading volume, with a latest financing balance of 6.3916 million yuan, representing 0.72% of the circulating market value [1][2] - The financing and securities lending details of other newly listed stocks on the same day indicate varying performance, with Youli Intelligent showing a notable increase compared to its peers [2][3]

Investment Rating - The report maintains an "Outperform" rating for the industry [5] Core Insights - The North Exchange saw a historical high in margin trading balance, with an average daily value of 6.045 billion yuan, reflecting a 9.51% increase month-on-month [25] - The North Exchange 50 Index's price-to-earnings ratio (PE-TTM) is 48.04, placing it at the 85.15th percentile over the past two years, while the price-to-book ratio (PB-MRQ) is 9.34, at the 91.13th percentile [28][29] - The report highlights a mixed performance across industries, with notable gains in construction decoration, pharmaceutical biology, and building materials, while sectors like transportation and communication experienced declines [37] Market Overview - As of July 31, 2025, the North Exchange had 269 listed companies with a total market capitalization of 838.455 billion yuan and a circulating market value of 513.506 billion yuan, showing a month-on-month change of -1.2% and 0.0% respectively [15] - The trading volume for the month was 26.763 billion shares, with a total transaction amount of 585.584 billion yuan, reflecting a decrease of 0.9% and 3.7% month-on-month [19][20] Industry Performance - The North Exchange 50 Index declined by 1.6797% for the month, contrasting with gains in major indices such as the Shanghai and Shenzhen 300, which rose by 3.5444% [32] - The report indicates that the construction decoration, pharmaceutical biology, and building materials sectors showed positive returns, while transportation, communication, and defense industries faced significant declines [37] New Listings and Market Activity - One new company, Dingjia Precision (920005.BJ), was listed this month, bringing the total number of companies on the North Exchange to 269 [4][15] - The report notes that 140 companies updated their listing project review status, with 4 accepted and 96 in inquiry [4] Valuation Metrics - The report provides a detailed breakdown of industry median price-to-earnings ratios, with the computer sector leading at 125 times, followed by building materials at 107 times and communication at 105 times [28][29]

Group 1 - The company, Youli Intelligent, is set to launch its IPO with an issuance price of 23.99 yuan and an initial issuance PE ratio of 11.29 times [1][3] - The total number of shares issued is 11.203 million, with 8.962 million shares available for online subscription, and a total share capital of 42 million after issuance [1][3] - The expected total fundraising amount is 26.9 million yuan, which could increase to 30.9 million yuan if the overallotment option is fully exercised [1] Group 2 - The company's main business involves the research, production, and sales of core components for photovoltaic brackets [2] - Financial projections indicate net profits of 42.1948 million yuan, 78.1727 million yuan, and 90.0478 million yuan for the years 2022, 2023, and 2024, respectively, reflecting year-on-year growth rates of 185.55%, 85.27%, and 15.19% [2] Group 3 - The company plans to allocate the raised funds primarily towards the construction of a core component production base for photovoltaic brackets, working capital, R&D center construction, and smart transformation and expansion projects [1][3] - Key financial indicators for the company show total assets of 570.0046 million yuan, net assets of 298.7517 million yuan, and operating income of 728.8426 million yuan for 2024 [4] - The company's net profit attributable to shareholders is projected to be 90.0478 million yuan for 2024, with a basic earnings per share of 2.92 yuan [4][5]

Group 1: New IPOs and Offerings - This week, there are three new stocks available for subscription, including one from the Shanghai Stock Exchange, one from the ChiNext, and one from the Beijing Stock Exchange [1] - The Shanghai Stock Exchange new stock Tianfulong has an issue price of 23.6 yuan per share and a price-to-earnings ratio of 20.93 times, while the industry average dynamic price-to-earnings ratio is 30.31 times [2] - The Beijing Stock Exchange new stock Youli Intelligent has an issue price of 23.99 yuan per share and a price-to-earnings ratio of 11.75 times, with the industry average dynamic price-to-earnings ratio at 27.03 times [2] Group 2: Company Profiles and Business Operations - Tianfulong specializes in the research, production, and sales of differentiated polyester short fibers, with a production capacity of 612,400 tons per year, ranking ninth in the native polyester short fiber sector and second in the recycled polyester short fiber sector [2][3] - Guangdong Jianke, which will start its IPO subscription on August 1, provides inspection and testing technology services in the construction engineering field, having participated in major projects like the Hong Kong-Zhuhai-Macao Bridge and Guangzhou Baiyun International Airport [3][4] - DeLijia, which is set to go public on the Shanghai Stock Exchange, focuses on the research, production, and sales of high-speed heavy-duty precision gear transmission products, particularly for wind power generation [5][6] Group 3: Financial Performance and Projections - Tianfulong's projected revenues for 2022 to 2024 are 2.576 billion yuan, 3.336 billion yuan, and 3.841 billion yuan, with net profits of 338 million yuan, 420 million yuan, and 451 million yuan respectively [3] - Guangdong Jianke's expected revenues for the same period are 1.072 billion yuan, 1.154 billion yuan, and 1.197 billion yuan, with net profits of 103 million yuan, 99 million yuan, and 107 million yuan respectively [3][4] - DeLijia aims to raise 1.881 billion yuan for the production of large-scale wind turbine gearboxes, with a projected global market share of 10.36% in 2024, ranking third globally and second in China [5][6]

Group 1: New IPOs Overview - This week, three new stocks are available for subscription in the A-share market: Tianfu Long, Youli Intelligent, and Guangdong Jianke, with subscription dates from July 28 to August 1 [1][2]. Group 2: Tianfu Long - Tianfu Long's issue price is 23.6 CNY per share, with a single account subscription limit of 10,500 shares, requiring a market value of 105,000 CNY in the Shanghai market for maximum subscription [2]. - The company specializes in the research, production, and sales of differentiated recycled colored polyester short fibers, with an annual production capacity of 612,400 tons [2][3]. - Tianfu Long's revenue projections for 2022 to 2024 are 2.576 billion CNY, 3.336 billion CNY, and 3.841 billion CNY, with net profits of 358 million CNY, 431 million CNY, and 454 million CNY respectively [3]. Group 3: Youli Intelligent - Youli Intelligent's issue price is 23.99 CNY per share, with a single account subscription limit of 532,100 shares [5]. - The company focuses on the research, production, and sales of core components for photovoltaic brackets, establishing a strong reputation in the domestic and international markets [5][6]. - Revenue projections for Youli Intelligent from 2022 to 2024 are 433 million CNY, 658 million CNY, and 729 million CNY, with net profits of 42 million CNY, 78 million CNY, and 90 million CNY respectively [6]. Group 4: Guangdong Jianke - Guangdong Jianke has a single account subscription limit of 14,500 shares, requiring a market value of 145,000 CNY in the Shenzhen market for maximum subscription [7]. - The company is a major construction technology service provider in Guangdong, specializing in inspection and testing services across various construction-related fields [8]. - Revenue projections for Guangdong Jianke from 2022 to 2024 are 1.072 billion CNY, 1.154 billion CNY, and 1.197 billion CNY, with net profits of 103 million CNY, 99 million CNY, and 107 million CNY respectively [9].

Core Viewpoint - Three new stocks are available for subscription next week, including Guangdong Jianke, a testing and inspection service provider for the Hong Kong-Zhuhai-Macao Bridge [2] Group 1: Tianfulong - Tianfulong is a leading company in the regenerated fiber sector, focusing on the research, production, and sales of differentiated polyester short fibers [4][5] - The subscription code for Tianfulong is 732406, with an issue price of 23.60 yuan per share and an issue P/E ratio of 20.93 times, compared to the industry average of 32.30 times [5] - The total number of shares issued is 40.01 million, with 10.80 million shares available for online subscription [5] - Tianfulong's revenue for 2022, 2023, and 2024 is projected to be 2.576 billion yuan, 3.336 billion yuan, and 3.841 billion yuan, respectively, with net profits of 358 million yuan, 431 million yuan, and 454 million yuan [6][8] - The company ranks first in the domestic market for sales of colored polyester short fibers and low-melting-point short fibers used in automotive interiors [5] Group 2: Youli Intelligent - Youli Intelligent focuses on the research, production, and sales of core components for photovoltaic brackets, with a subscription code of 920007 and an issue price of 23.99 yuan per share [10][11] - The total number of shares issued is 11.20 million, with 8.96 million shares available for online subscription [11] - The company has a high customer concentration risk, with the top five customers accounting for 94.90%, 94.91%, and 96.44% of revenue from 2022 to 2024 [12] - Revenue projections for Youli Intelligent are 433 million yuan, 658 million yuan, and 729 million yuan for 2022, 2023, and 2024, respectively, with net profits of 42.19 million yuan, 78.17 million yuan, and 90.05 million yuan [12][15] Group 3: Guangdong Jianke - Guangdong Jianke's subscription code is 301632, with the issue price and P/E ratio yet to be disclosed, but the industry average P/E ratio is 36.16 times [17] - The total number of shares issued is 105 million, with 14.65 million shares available for online subscription [17] - The company specializes in testing and inspection technology services in the construction engineering field, having undertaken major projects like the Hong Kong-Zhuhai-Macao Bridge [17][18] - Revenue for Guangdong Jianke is projected to be 1.072 billion yuan, 1.154 billion yuan, and 1.197 billion yuan for 2022, 2023, and 2024, respectively, with net profits of 103 million yuan, 99.21 million yuan, and 107 million yuan [20][22]

IPO Review and Registration Progress - Four new IPO applications were accepted last week, with the first IPO on the Shanghai main board this year being Longyu Group, which aims to raise 700 million yuan [2][3] - Longyu Group's main business involves zirconium products, special nylon products, and fine chemical products, with over 70% of revenue coming from zirconium products, although its gross margin is declining [2][3] - The company reported revenues of 1.669 billion yuan in 2022, 1.607 billion yuan in 2023, and 1.637 billion yuan in 2024, with net profits of 257 million yuan, 188 million yuan, and 205 million yuan respectively [3] - Shenglong Co., a large molybdenum company, plans to raise 1.53 billion yuan and reported a revenue of 2.864 billion yuan in 2024, a 46.3% increase year-on-year [3] - Two new IPOs were accepted on the Beijing Stock Exchange: Peicheng Technology and Kanghua Co., with Peicheng's revenue declining by 4.02% in 2024 [3][4] Upcoming IPOs - Three companies, Zhigao Machinery, Shichang Co., and Hai'an Rubber, are scheduled for IPO meetings this week, with Hai'an Rubber aiming to raise 2.952 billion yuan [5][6] - Hai'an Rubber's revenue growth has significantly slowed, with a revenue increase of only 2.19% in 2024 compared to previous years [6] - Zhigao Machinery plans to raise 395 million yuan, while Shichang Co. aims for 171 million yuan [7] New Stock Subscription and Listing Dynamics - Three new stocks are scheduled for subscription this week, with a total expected fundraising of 1.332 billion yuan [10] - Youyou Green Energy plans to issue shares at 89.6 yuan each, aiming to raise approximately 941 million yuan, exceeding its original target by 34% [10] - The company reported a revenue of 1.497 billion yuan in 2024, an 8.85% increase, but a net profit decline of 4.6% [10] - Jiao Da Tie Fa aims to raise 168 million yuan, while Ying Shi Innovation plans to raise 464 million yuan for their respective projects [11] Policy and Regulatory Developments - The China Securities Association updated the list of D-class sponsor representatives, adding eight new names from various securities firms [13] - The Ministry of Finance announced administrative penalties against several securities evaluation institutions and asset appraisers following quality checks [14] - The Shenzhen Stock Exchange is focusing on supporting the computing chip industry through reforms and enhancing the service system from "IP" to "IPO" [15]