Core Viewpoint - Crown New Materials Technology Co., Ltd. has received approval for its IPO on the Shenzhen Stock Exchange, focusing on functional composite materials, which are essential in various industries including electronics and automotive [1][2]. Company Overview - Crown New Materials specializes in the research, production, and sales of industrial-grade and electronic-grade adhesive materials, as well as functional film materials [1]. - The company operates in multiple sectors such as light industry, home appliances, automotive manufacturing, new energy batteries, consumer electronics, smart IoT, and semiconductors [1]. Market Trends - The global composite materials market is projected to reach USD 91.1 billion in 2023, with a compound annual growth rate (CAGR) of 7.16% from 2019 to 2023 [2]. - China's composite materials market is expected to grow to CNY 232.7 billion in 2023, reflecting a year-on-year increase of 10.30% and a CAGR of 5.89% from 2019 to 2023 [2]. Application and Demand - Functional composite materials are increasingly used in personal computers for component fixation and optical display protection, requiring specific properties such as insulation, corrosion resistance, stability, and heat resistance [5]. - The global PC shipment volume is projected to decline to 260 million units in 2023, a decrease of 13.9% year-on-year, but is expected to recover slightly to 263 million units in 2024, marking a 1.0% increase [5]. AIoT Industry Growth - The AIoT industry, integrating IoT and AI technologies, is expected to grow significantly, with the global market projected to reach USD 17.81 billion in 2024 and USD 70.99 billion by 2030, reflecting a CAGR of 25.92% [9]. - Wearable devices, a key segment of the AIoT market, are anticipated to see a shipment volume of 538 million units in 2024, representing a year-on-year growth of 6.1% [9].

Group 1 - The stock price of Xinlaifu closed at 57.85 yuan on August 21, 2025, down by 2.01 yuan, a decrease of 3.36% from the previous trading day [1] - The opening price was 59.02 yuan, with a high of 60.50 yuan and a low of 57.57 yuan, and the trading volume was 39,910 hands, with a transaction amount of 234 million yuan [1] - Xinlaifu operates in the plastic products industry, focusing on the research, production, and sales of functional composite materials, primarily used in consumer electronics, automotive electronics, and medical devices [1] Group 2 - As a specialized and innovative enterprise, Xinlaifu is listed on the ChiNext board [1] - On August 21, the company stated on its interactive platform that it currently does not supply any products directly to Tesla [1] - The stock experienced significant volatility during the day, with rapid rebounds and corrections occurring within a 5-minute window, with price fluctuations exceeding 2% [1] Group 3 - On August 21, the net outflow of main funds was 26.6589 million yuan, accounting for 0.69% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 90.2438 million yuan, representing 2.33% of the circulating market value [1]

Group 1 - The core viewpoint of the article highlights the recent stock performance of Mingguan New Materials, which closed at 14.66 yuan on July 31, reflecting a decline of 1.87% from the previous trading day [1] - The trading volume on that day was 29,743 hands, with a transaction amount reaching 44 million yuan [1] - Mingguan New Materials specializes in the research, production, and sales of functional composite materials, primarily used in photovoltaic, electronics, and packaging sectors [1] Group 2 - The company is categorized under the photovoltaic equipment and Jiangxi sector concept boards [1] - According to public information, the actual controller of Mingguan New Materials has cumulatively increased the company's shares by 2.8 million shares, accounting for 1.3948% of the total share capital, with an investment amount of 39.64 million yuan, and the buyback plan is still ongoing [1] - On July 31, the net outflow of main funds for Mingguan New Materials was 5.7055 million yuan, representing 0.19% of the circulating market value [1]