根据北交所公开发行并上市信息，武汉吉和昌新材料股份有限公司（吉和昌）北交所IPO已获受理。 公司主要财务指标 | 财务指标/时间 | 2024年 | 2023年 | 2022年 | | --- | --- | --- | --- | | 营业收入（万元） | 51738.25 | 43827.43 | 42689.86 | | 归属母公司股东的净利润（万元） | 5634.63 | 5621.29 | 5608.86 | | 扣除非经常损益后归属母公司所有者净利润（万元） | 5405.48 | 5376.30 | 5298.71 | | 基本每股收益（元） | 0.6600 | 0.6500 | 0.6700 | | 稀释每股收益（元） | 0.6600 | 0.6500 | 0.6700 | | 加权平均净资产收益率（%） | 12.94 | 14.50 | 18.40 | | 经营活动产生的现金流量净额（万元） | 9128.05 | 2143.26 | 1882.98 | （文章来源：证券时报网） 公司主要从事表面与界面处理相关特种功能性材料的研发、生产和销售，基于环氧衍生新材料、磺内酯 衍生新材料、 ...

Core Viewpoint - The report outlines the management and status of the convertible bonds issued by Jiangsu Sobute New Materials Co., Ltd., detailing the bond's terms, financial performance, and the company's operational status in 2024. Section 1: Debt Situation - The company has issued a total of 800,000 convertible bonds with a total value of RMB 80 million, approved by the board and shareholders [3][4]. - The bonds are set to mature in six years, from July 1, 2022, to June 30, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][5]. Section 2: Financial Performance - In 2024, the company reported a revenue of RMB 355.54 million, a slight decrease of 0.75% compared to 2023 [15]. - The net profit attributable to shareholders decreased by 40.24% to RMB 9.59 million [15]. - The net cash flow from operating activities increased by 56.97% to RMB 58.07 million [15]. Section 3: Fund Utilization - The company raised RMB 79.1 million after deducting underwriting fees, with the funds allocated to specific projects and managed in a dedicated account [4][15]. - As of December 31, 2024, the company had utilized RMB 63.38 million of the raised funds, with a remaining balance of RMB 15.96 million [15][16]. - The company has not changed the use of raised funds or used idle funds for temporary liquidity [16]. Section 4: Company Overview - Jiangsu Sobute New Materials Co., Ltd. is a leading supplier of new civil engineering materials in China, specializing in high-performance concrete additives [14]. - The company has received multiple accolades, including being recognized as a national high-tech enterprise and a champion product by the Ministry of Industry and Information Technology [14].

Core Viewpoint - Longyang Electronics (Kunshan) Co., Ltd. plans to acquire 70% of Suzhou Deyou New Material Technology Co., Ltd. for a total price of 770 million yuan, with 488 million yuan sourced from the company's raised funds and interest [1][3] Group 1: Acquisition Details - The acquisition will be executed in two steps: first, the company will acquire 70% of Deyou New Material for cash; second, after the performance commitment period, the company will acquire the remaining 30% [3] - Upon completion of the first step, Deyou New Material will become a subsidiary of Longyang Electronics, and after the full acquisition, it will be a wholly-owned subsidiary [3] Group 2: Financial Performance of Deyou New Material - Deyou New Material specializes in the research, production, and sales of composite functional materials, primarily for consumer electronics [4] - Projected revenues for Deyou New Material are 236.36 million yuan in 2023, 418.91 million yuan in 2024, and 73.98 million yuan in early 2025, with net profits of 25.88 million yuan, 93.50 million yuan, and 18.29 million yuan respectively [4] Group 3: Performance Commitments - The seller has committed to a cumulative net profit of no less than 315 million yuan for the first three fiscal years (2025-2027) [4] - For the second phase (2028-2030), the cumulative net profit should also be no less than 315 million yuan, but not exceed the actual net profit achieved in the first phase [5] Group 4: Valuation and Goodwill - The valuation of Deyou New Material shows a significant increase, with a valuation of 1.104 billion yuan for 100% equity, resulting in a 453.32% increase over book value [6] - The transaction will create approximately 579.67 million yuan in goodwill on Longyang Electronics' consolidated balance sheet [7] Group 5: Longyang Electronics' Performance - Longyang Electronics has experienced declining performance since its IPO in October 2022, with revenue and net profit decreasing by 12.11% and 14.58% respectively in 2022, and further declines of 29.51% and 42.7% in 2023 [7] - In 2024, revenue showed a slight increase of 8.51%, but net profit still declined by 15.02% [7]

| | ☑特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 投资者关系 | □业绩说明会 □新闻发布会 | | 活动类别 | □路演活动 | | | ☑现场参观 | | | □其他(请文字说明其他活动内容) | | | 华源证券 电子研究员 白 宇 | | 活动参与人员 | 景顺长城基金 基金经理助理 程振宇 | | | 景顺长城基金 半导体研究员 韩 非 | | 上市公司 | 董事会秘书：李吉鹏 | | 参与人员 | 证券事务代表：崔若晴 | | 时间 | 2025 年 6 月 30 日 下午 14:00-15:30 | | 地点 | 公司总部 | | 形式 | 现场参观交流 | | | 董秘李吉鹏先生简要介绍了公司基本情况、行业情况和公 | | | 司发展历程，投资者一行实地参观了公司总部和信息化中心， | | | 远程查看了宜昌和潜江两大产业园。 | | | 主要交流内容如下： | | | 1、公司投建的宜昌和潜江两大电子特气产业园进展情况 | | 交流内容及具体 | 潜江产业园处于量产→稳产阶段，宜昌产业园处于试生产 | | 问答记录 | →量产→稳产阶段。目前，潜江产业园大 ...

星标 ★ IPO日报 精彩文章第一时间推送 近日，隆扬电子（昆山）股份有限公司（下称"隆扬电子"，301389.SZ）发布公告称，拟以支付现 金方式购买苏州德佑新材料科技股份有限公司（下称"德佑新材"）70%股权，交易对价为7.70亿 元，其中4.88亿元来源于公司募集资金及利息。 AI制图 交易两步走 据公司披露的重大资产购买报告书(草案)，本次收购整体方案具体分两步实施。 第一步收购为上市公司以支付现金方式收购德佑新材70%股权。第二步收购为第一期业绩承诺期满 后，上市公司以支付现金的方式收购德佑新材剩余30%股权。 第一步收购完成后，上市公司将直接持有德佑新材70%股权，德佑新材成为上市公司控股子公司， 纳入合并报表范围。本次收购整体方案完成后， 上市公司将直接持有德佑新材100%股权，德佑新 材变更为上市公司的全资子公司。 据悉，德佑新材主营复合功能性材料的研发、生产和销售，下游应用领域主要集中于手机、电脑等 消费电子产品。 2023年至2024年以及2025年1月—2月，标的公司营业收入分别为23635.91万元、41891.16万 元和7398.38万元，扣除非经常性损益后归属于母公司股东的净利润 ...

上市企业：垒知集团（002398）、红墙股份（002809）、三圣股份（002742）、苏博特（603916）、科 隆股份（300405） 相关企业：安徽中铁工程材料科技有限公司、河北长安育才科技股份有限公司、江苏奥莱特新材料股份 有限公司、中建西部建设新材料科技有限公司、贵州石博士科技股份有限公司、中铁十一局集团新材料 科技有限公司抚州工业分公司、山西铁力建材有限公司、深圳市五山新材料股份有限公司 关键词：混凝土外加剂发展背景、混凝土外加剂产业链、混凝土外加剂市场规模、混凝土外加剂竞争格 局、混凝土外加剂发展趋势 一、概述 内容概要：近年来，我国城镇化进程不断加快，城市建设规模不断扩大，无论是住宅、商业建筑，还是 公共设施、工业厂房等建设，都离不开混凝土，混凝土市场也因此迅速崛起，而作为混凝土重要配套市 场之一的混凝土外加剂，随着混凝土市场的繁荣而发展壮大，但近几来，房地产行业的持续调整影响了 混凝土外加剂的市场需求，导致市场表现不尽人意，据统计，2024年我国混凝土外加剂行业市场规模降 至494.5亿元，同比减少9.04%，其中，减水剂占比超60%。 根据《混凝土外加剂术语》（GB/T8075-2017） ...

江苏苏博特新材料股份有限公司 编号：信评委函字2025跟踪 1167 号 江苏苏博特新材料股份有限公司 声 明 中诚信国际信用评级有限责任公司 | 江苏苏博特新材料股份有限公司 | | | | --- | --- | --- | | 本次跟踪发行人及评级结果 | 江苏苏博特新材料股份有限公司 AA-/稳定 | | | 本次跟踪债项及评级结果 | "博 22 转债" AA | | | 根据国际惯例和主管部门要求，中诚信国际需对公司存续期内的债券进行跟 | | | | 跟踪评级原因 | | | | 踪评级，对其风险程度进行跟踪监测。本次评级为定期跟踪评级。 | | | | 本次跟踪维持主体及债项上次评级结论，主要基于江苏苏博特新材料股份有 | | | | 限公司（以下简称"苏博特"或"公司"）拥有较高的行业地位，生产基地 | | | | 评级观点 | 多元化、产品竞争力较强、财务杠杆维持行业较低水平等方面的优势。同时 | | | 中诚信国际也关注到主要产品销售业绩下滑，盈利能力有所下降以及应收类 | | | | 款项规模较大并对资金形成一定占用等因素对其经营和整体信用状况造成 | | | | 的影响。 | | | ...

Core Viewpoint - Zhuhai Tianwei New Materials Co., Ltd. has had its listing review status on the Beijing Stock Exchange updated to "terminated," marking the second unsuccessful attempt to enter the capital market after withdrawing its IPO application for the ChiNext in 2022 [1][3]. Company Overview - The company was established in 2004 and specializes in the research, production, and sales of digital printing functional materials and related products, being one of the early domestic manufacturers to enter the digital printing ink field [3]. - The company aimed to raise a total of 300 million yuan through its IPO, with plans to use the funds for the construction of a production base for 31,000 tons of digital printing functional materials, a headquarters R&D center, and to supplement working capital [7]. Regulatory and Compliance Issues - Tianwei New Materials faced multiple rounds of inquiries during its IPO process, with issues related to risk management, internal control irregularities, and discrepancies between the information disclosed in the prospectus and actual conditions, leading to written warnings from the Shenzhen Stock Exchange alongside its sponsor, Dongguan Securities [3]. - The second round of inquiries from the Beijing Stock Exchange included questions regarding the environmental and industrial policy compliance of the company's main products [7]. Environmental Concerns - The company's digital printing ink products can be categorized based on the type of ink base used, with some products classified as high environmental risk according to the "High Pollution, High Environmental Risk Products Catalog (2017 Edition)" [7]. - Production data from 2020 to the first half of 2024 indicated that the output of high environmental risk products was 237.08 tons, 177.65 tons, 140.50 tons, and 49.06 tons, contributing revenues of 13.37 million yuan, 12.98 million yuan, 13.21 million yuan, and 5.20 million yuan respectively [7]. - To mitigate environmental risks, the company has committed to reducing production of high environmental risk products by 30 tons annually since 2021 [8]. Operational Challenges - The company faces several operational challenges, including underutilized production capacity, unstable performance, questions regarding the authenticity of financial data, and insufficient competitiveness of its main products [9].

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Zhuhai Tianwei New Materials Co., Ltd.'s application for public stock issuance and listing [1][3]. Company Overview - Zhuhai Tianwei New Materials Co., Ltd. focuses on the digital printing sector, specializing in the research, production, and sales of functional materials and supporting products for digital printing [3]. Application and Withdrawal Details - The application for public issuance was accepted by the Beijing Stock Exchange on December 29, 2023, and the company submitted a withdrawal request on March 26, 2025 [3]. - The company originally planned to issue between 1 million and 19.6316 million shares, aiming to raise 300 million yuan for projects including a production base for functional materials and a headquarters R&D center [4][5]. Shareholding Structure - Jieshi International holds 42,811,807 shares, accounting for 72.69% of the total share capital, making it the controlling shareholder [4]. - The actual controller, He Liangmei, has significant influence over the company's board and operational decisions [4].

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Zhuhai Tianwei New Materials Co., Ltd.'s public offering of stocks and listing application [1] Company Overview - Tianwei New Materials was established in 2004 and specializes in the research, development, production, and sales of digital printing functional materials and supporting products [2] - The company has previously applied for an IPO on the ChiNext board in 2020 but withdrew its application in December 2021 [5] Financial Performance - The projected revenues for Tianwei New Materials for the years 2022, 2023, and 2024 are 424.79 million yuan, 524.94 million yuan, and 624.75 million yuan respectively [3] - The net profits attributable to shareholders for the same years are projected to be 41.82 million yuan, 85.21 million yuan, and 102.00 million yuan respectively [3] IPO Details - The total investment for the IPO projects is approximately 538.58 million yuan, with 300 million yuan intended to be raised [4] - The key projects include a production base for digital printing functional materials with an annual capacity of 31,000 tons, a headquarters R&D center, and supplementary working capital [3][4] Shareholding Structure - Jieshi International Limited holds 42,811,807 shares, accounting for 72.69% of the company's total equity, making it the controlling shareholder [4] - The chairman, He Liangmei, controls a total of 82.32% of the shares, establishing her as the actual controller of the company [4] Comparable Companies - Comparable companies in the same industry include Nal Shares (002825.SZ), Hongsheng Digital (430616.NQ), Chuanmeixun (874023.NQ), and Lanyu Shares (301585.SZ) [3]