Company Overview - Fubon Technology, established on January 22, 2007, and listed on July 2, 2014, is located in Wuhan, Hubei Province. The company specializes in the research, production, sales, and services of fertilizer additives [1] - The main business revenue composition includes fertilizer additives (72.51%), biological products (17.87%), fertilizer products (6.28%), other businesses (2.52%), intelligent equipment (0.72%), and technical services (0.08%) [1] Financial Performance - As of June 30, the number of shareholders for Fubon Technology was 18,300, a decrease of 13.35% compared to the previous period. The average circulating shares per person increased by 15.41% to 15,801 shares [2] - For the first half of 2025, Fubon Technology achieved operating revenue of 685 million yuan, a year-on-year increase of 6.50%. However, the net profit attributable to the parent company was 61.217 million yuan, a year-on-year decrease of 12.47% [2] Stock Performance - On September 22, Fubon Technology's stock price fell by 2.09%, trading at 8.91 yuan per share, with a total market capitalization of 2.575 billion yuan. The trading volume was 62.2046 million yuan, with a turnover rate of 2.38% [1] - Year-to-date, the stock price has increased by 12.36%, but it has decreased by 2.09% over the last five trading days, 9.08% over the last 20 days, and 1.55% over the last 60 days [1] Dividend Information - Since its A-share listing, Fubon Technology has distributed a total of 164 million yuan in dividends, with 52.0303 million yuan distributed over the past three years [3] Industry Classification - Fubon Technology is classified under the Shenwan industry as basic chemicals - agricultural chemical products - compound fertilizers. It is associated with concepts such as drones, small-cap stocks, smart agriculture (digital countryside), micro-cap stocks, and the Xiong'an New Area [1]

Company Overview - Fubon Technology, established on January 22, 2007, and listed on July 2, 2014, is located in Wuhan, Hubei Province. The company specializes in the research, production, sales, and services of fertilizer additives [1][2]. - The main business revenue composition includes fertilizer additives (72.51%), biological products (17.87%), fertilizer products (6.28%), other businesses (2.52%), intelligent equipment (0.72%), and technical services (0.08%) [1]. Stock Performance - As of September 18, Fubon Technology's stock price increased by 2.29%, reaching 9.40 CNY per share, with a total market capitalization of 2.717 billion CNY [1]. - Year-to-date, the stock price has risen by 18.54%, with a 1.40% increase over the last five trading days, a 5.05% decrease over the last 20 days, and a 7.80% increase over the last 60 days [1]. Financial Performance - For the first half of 2025, Fubon Technology reported a revenue of 685 million CNY, reflecting a year-on-year growth of 6.50%. However, the net profit attributable to shareholders decreased by 12.47% to 61.217 million CNY [2]. - The company has distributed a total of 164 million CNY in dividends since its A-share listing, with 52.03 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, the number of shareholders for Fubon Technology was 18,300, a decrease of 13.35% from the previous period. The average number of circulating shares per shareholder increased by 15.41% to 15,801 shares [2].

Core Viewpoint - The IPO market is experiencing significant activity, with companies like Fengbei Bio aiming to transform waste cooking oil into valuable bio-based materials and biodiesel, marking a potential first in the A-share market for waste oil resource utilization [2][3] Company Overview - Fengbei Bio is set to raise 750 million yuan through its IPO, with a pre-IPO valuation of approximately 4 billion yuan [2][8] - The company was founded by a Fudan University graduate who was motivated by the dangers of waste cooking oil, leading to the development of various eco-friendly technologies over a decade [2][4] - Fengbei Bio has achieved a market share of 6.72% and 6.46% in agricultural pesticide and fertilizer additives, respectively [6] Market Challenges - The transformation of waste cooking oil faces three main challenges: technical difficulties, limited market demand for biodiesel, and unclear policies regarding biodiesel standards [3][6] - Despite the challenges, Fengbei Bio has managed to secure A-round financing from a prominent local venture capital firm, indicating growing interest in the green economy sector [6][8] Financial Performance - The company reported revenues of 1.709 billion yuan, 1.728 billion yuan, and 1.948 billion yuan for the years 2022, 2023, and 2024, respectively, but faced a decline in net profit [8] - The gross profit margins have also decreased, with figures of 13.55%, 13.95%, and 11.67% over the same period, indicating a challenging profitability landscape [8][9] Future Prospects - Fengbei Bio aims to utilize the IPO proceeds to enhance its production capacity and focus on new product lines, including a new annual production of 300,000 tons of fatty acid methyl esters and 50,000 tons of agricultural microbial agents [9][10] - The company’s founder holds an 85.4% stake, and a successful IPO could significantly increase his wealth, potentially exceeding 3 billion yuan [10][11]