Group 1 - The core point of the news is the performance of newly listed stocks and the current state of the market, particularly focusing on the underperformance of KaiDe Commercial REIT and the upcoming listings in the Beijing Stock Exchange [1][3]. - Aomen Sen was listed on October 10, with KaiDe Commercial REIT closing at a gain of only 12.63% and a turnover rate of 41.08%, indicating a low annualized return of approximately 2.6% based on a 5-day capital cost [1]. - The reverse repurchase agreement interest rate for 9 days is low, remaining below 1.8%, suggesting limited short-term investment opportunities [1]. Group 2 - In the Beijing Stock Exchange, there are currently six stocks in the final registration phase, including TaiKaiYing and DanNa Biology, which are expected to issue shares after the National Day holiday [3][4]. - The main products of Hengdongguang, which is set to be reviewed on September 25, 2025, include fiber optic connectors and related products, indicating a high-tech focus that has attracted significant market attention [3]. - Upcoming listings on the main board include Yunhan Xincheng and Ruili Kemi, with no subscription opportunities available for investors [4].

Group 1 - The core viewpoint of the article is that Hengtong Optical Communication Technology (Shenzhen) Co., Ltd. is preparing for its IPO on the Beijing Stock Exchange, scheduled for September 25 [1] - Hengtong Optical focuses on the research, manufacturing, and sales of passive optical devices in the optical communication field, with three main business segments: passive optical fiber cabling, passive internal connection devices, and related supporting businesses [1] - The company plans to raise approximately 494 million yuan through the IPO, which will be invested in the expansion of its Guilin manufacturing base, the expansion of its Vietnam production base, the construction of its optical research and development center, and to supplement working capital [1] Group 2 - The main products of Hengtong Optical include optical fiber connectors, flexible optical fiber line products, and cabling management products, as well as multi-fiber parallel passive internal connection devices and PON optical module passive internal connection devices [1] - The IPO process for Hengtong Optical was accepted on December 30, 2024, and entered the inquiry stage on January 22, 2025 [1]