作者：王宗耀 2025年A股IPO市场量质齐升，116只新股募资超1300亿元，硬科技与新能源企业主导，审核效率提升，中信证券保荐领先。 2025年7月16日，华电新能（600930.SH）成功登陆上证主板，募资181.71亿元，成为当年A股年度"募资王"。同年，两大国产GPU龙头摩尔线程-U （688795.SH）、沐曦股份-U（688802.SH）也相继登陆科创板，受到股民热捧，最高价曾分别达到941.08元和895元……整体上，2025年的A股IPO市场实 现量质齐升，上演了一场"硬科技"、"新能源"等新质生产力为投资主线的大剧，这背后既有监管机构政策更新带来的效率提升，也有保荐人勤勉尽责，严 把质量关，做好"守门人"的坚守。 随着A股牛市行情的延续，对于2026年IPO市场发展情况，申万宏源证券判断：预期首发估值仍延续2024年以来的较低水平，同时，目前沪深不乏质优、 首发规模体量偏大的IPO排队项目，2026年的首发战配参与机会值得期待。 "现有139个IPO排队项目中80个项目预计首发募资额超10亿元，预期2026年新 股发行将进一步提速，首发规模较2025年进一步抬升。" 116只新股上市 审核 ...

12月19日，泽润新能涨0.86%，成交额1616.18万元。两融数据显示，当日泽润新能获融资买入额105.07 万元，融资偿还251.78万元，融资净买入-146.72万元。截至12月19日，泽润新能融资融券余额合计 4829.01万元。 融资方面，泽润新能当日融资买入105.07万元。当前融资余额4819.27万元，占流通市值的6.11%。 截至12月10日，泽润新能股东户数9021.00，较上期减少2.96%；人均流通股1769股，较上期增加 3.05%。2025年1月-9月，泽润新能实现营业收入6.33亿元，同比减少1.80%；归母净利润5295.54万元， 同比减少46.80%。 分红方面，泽润新能A股上市后累计派现3193.39万元。 责任编辑：小浪快报 融券方面，泽润新能12月19日融券偿还0.00股，融券卖出1972.00股，按当日收盘价计算，卖出金额9.75 万元；融券余量1972.00股，融券余额9.75万元。 资料显示，江苏泽润新能科技股份有限公司位于江苏省常州市金坛区直溪镇亚溪路16号，成立日期2017 年3月16日，上市日期2025年5月16日，公司主营业务涉及新能源电气连接、保护和 ...

资料显示，江苏泽润新能科技股份有限公司位于江苏省常州市金坛区直溪镇亚溪路16号，成立日期2017 年3月16日，上市日期2025年5月16日，公司主营业务涉及新能源电气连接、保护和智能化技术。主营业 务收入构成为：光伏组件接线盒84.34%，配件及其他12.84%，其他(补充)2.82%。 12月18日，泽润新能涨0.31%，成交额1657.39万元。两融数据显示，当日泽润新能获融资买入额197.38 万元，融资偿还364.60万元，融资净买入-167.21万元。截至12月18日，泽润新能融资融券余额合计 4965.99万元。 融资方面，泽润新能当日融资买入197.38万元。当前融资余额4965.99万元，占流通市值的6.35%。 融券方面，泽润新能12月18日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元。 截至12月10日，泽润新能股东户数9021.00，较上期减少2.96%；人均流通股1769股，较上期增加 3.05%。2025年1月-9月，泽润新能实现营业收入6.33亿元，同比减少1.80%；归母净利润5295.54万元， 同比减 ...

每经AI快讯，泽润新能（SZ 301636，收盘价：48.9元）12月5日晚间发布公告称，公司第一届第二十三 次董事会会议于2025年12月5日在公司会议室召开。会议审议了《关于公司董事会换届选举暨提名第二 届董事会非独立董事候选人的议案》等文件。 2025年1至6月份，泽润新能的营业收入构成为：光伏组件接线盒占比84.34%，配件及其他占比 12.84%，其他业务占比2.82%。 截至发稿，泽润新能市值为31亿元。 每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 曾健辉） ...

Group 1 - The core viewpoint of the news is that Zairun New Energy's stock has experienced a decline in price and performance metrics, indicating potential challenges for the company in the market [1][2]. - As of November 17, Zairun New Energy's stock price is 53.70 CNY per share, with a market capitalization of 3.43 billion CNY [1]. - The company has seen a year-to-date stock price drop of 17.97%, with recent trading days showing slight declines of 1.65% over the last five days and 1.52% over the last twenty days [1]. Group 2 - Zairun New Energy operates in the electric equipment sector, specifically in photovoltaic devices and components, and is categorized under several concept sectors including new energy vehicles and photovoltaic glass [2]. - For the period from January to September 2025, Zairun New Energy reported a revenue of 633 million CNY, reflecting a year-on-year decrease of 1.80%, while the net profit attributable to shareholders decreased by 46.80% to 52.96 million CNY [2]. - The company has distributed a total of 31.93 million CNY in dividends since its A-share listing [3].

Core Points - Zairun New Energy experienced a decline of 4.33% on November 12, with a trading volume of 127 million yuan [1] - The company reported a financing buy-in of 14.31 million yuan and a net financing buy-in of 6.67 million yuan on the same day [1] - As of November 12, the total financing and securities lending balance for Zairun New Energy was 55.59 million yuan, accounting for 6.73% of its market capitalization [1] Financing Summary - On November 12, Zairun New Energy had a financing buy-in of 14.31 million yuan, with a current financing balance of 55.59 million yuan [1] - The company had no securities lending activity on November 12, with zero shares sold or repaid [1] Company Overview - Zairun New Energy Technology Co., Ltd. was established on March 16, 2017, and is located in Changzhou, Jiangsu Province [1] - The company specializes in new energy electrical connections, protection, and intelligent technology, with its main revenue sources being photovoltaic module junction boxes (84.34%), accessories and others (12.84%), and other supplementary sources (2.82%) [1] Financial Performance - For the period from January to September 2025, Zairun New Energy reported an operating income of 633 million yuan, a year-on-year decrease of 1.80% [2] - The net profit attributable to the parent company was 52.96 million yuan, reflecting a significant year-on-year decrease of 46.80% [2] Shareholder Information - As of October 10, Zairun New Energy had 13,800 shareholders, a decrease of 0.82% from the previous period [2] - The average number of circulating shares per shareholder increased by 0.82% to 1,095 shares [2] Dividend Information - Zairun New Energy has cumulatively distributed dividends of 31.93 million yuan since its A-share listing [3]

Group 1 - The core viewpoint of the news is the performance and market position of Zairun New Energy, which saw a stock price increase of 5.09% to 57.38 CNY per share, with a total market capitalization of 3.665 billion CNY [1] - Zairun New Energy, established on March 16, 2017, specializes in new energy electrical connections, protection, and intelligent technology, with its main revenue sources being photovoltaic module junction boxes (84.34%), accessories and others (12.84%), and other supplementary sources (2.82%) [1] Group 2 - From the perspective of fund holdings, Zairun New Energy is a significant investment for Changcheng Fund, with its Changcheng CSI Dividend Low Volatility 100 ETF Link A (022097) holding 128 shares, representing 0.01% of the fund's net value, ranking as the ninth largest holding [2] - The Changcheng CSI Dividend Low Volatility 100 ETF Link A (022097) has a total asset size of 569.613 million CNY and has achieved a year-to-date return of 11.12%, ranking 3618 out of 4216 in its category [2] Group 3 - The fund manager of Changcheng CSI Dividend Low Volatility 100 ETF Link A (022097) is Lei Jun, who has been in the position for 10 years and 327 days, with the fund's total asset size at 3.909 billion CNY [3] - During Lei Jun's tenure, the best fund return was 177.98%, while the worst return was -89.53% [3]

Group 1 - The core point of the article is that Zairun New Energy held its 22nd meeting of the first board session on November 6, 2025, where it reviewed proposals regarding the use of raised funds to replace pre-invested project funds and expenses related to issuance [1] - For the first half of 2025, Zairun New Energy's revenue composition was as follows: 84.34% from photovoltaic module junction boxes, 12.84% from accessories and others, and 2.82% from other businesses [1] - As of the report date, Zairun New Energy's market capitalization was 3.5 billion yuan [1]

Core Viewpoint - Zairun New Energy's stock experienced a slight increase of 0.70% on November 3, with a trading volume of 26.48 million yuan, indicating a mixed performance in financing activities and overall financial health [1][2]. Financing Summary - On November 3, Zairun New Energy had a financing buy amount of 2.128 million yuan, while the financing repayment was 2.716 million yuan, resulting in a net financing outflow of 0.588 million yuan [1][2]. - The total financing balance as of November 3 was 49.3324 million yuan, accounting for 6.09% of the company's market capitalization [2]. Company Overview - Zairun New Energy, established on March 16, 2017, is located in Jintan District, Changzhou, Jiangsu Province, and is set to be listed on May 16, 2025. The company specializes in new energy electrical connections, protection, and intelligent technology [2]. - The main revenue sources for Zairun New Energy are photovoltaic module junction boxes (84.34%), accessories and others (12.84%), and other supplementary products (2.82%) [2]. Financial Performance - For the period from January to September 2025, Zairun New Energy reported a revenue of 633 million yuan, reflecting a year-on-year decrease of 1.80%. The net profit attributable to shareholders was 52.9554 million yuan, down 46.80% year-on-year [2]. - As of October 10, the number of shareholders was 13,800, a decrease of 0.82% from the previous period, with an average of 1,095 circulating shares per person, which increased by 0.82% [2]. Dividend Information - Since its A-share listing, Zairun New Energy has distributed a total of 31.9339 million yuan in dividends [3].

Core Viewpoint - ZeRun New Energy, established in March 2017, focuses on new energy electrical connection technologies and plans to be listed on the Shenzhen Stock Exchange in May 2025 [1] Group 1: Business Performance - In Q3 2025, ZeRun New Energy reported revenue of 633 million yuan, ranking 19th among 23 companies in the industry [2] - The company's main business revenue composition includes 378 million yuan from photovoltaic component junction boxes, accounting for 84.34% of total revenue [2] - Net profit for the same period was 52.96 million yuan, ranking 4th in the industry [2] Group 2: Financial Ratios - As of Q3 2025, ZeRun New Energy's debt-to-asset ratio was 39.02%, significantly lower than the industry average of 70.17%, indicating strong solvency [3] - The gross profit margin for the period was 17.56%, down from 24.72% year-on-year, but still above the industry average of 1.80% [3] Group 3: Management Compensation - Chairman Chen Zepeng's salary for 2024 is 896,100 yuan, while General Manager Zhang Wei's salary is 1,177,300 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.56% to 13,900, with an average of 1,086.79 circulating A-shares held per shareholder, an increase of 5.89% [5]