中国经济网北京7月10日讯 今日，同宇新材（301630）在深交所上市。 同宇新材本次发行募集资金总额为84,000.00万元，募集资金净额为76,037.83万元，拟用于江西同宇新材 料有限公司年产20万吨电子树脂项目（一期）和补充流动资金。 本次发行前，张驰任公司董事长、总经理，直接持有公司1,199.73万股股份，占公司股份总数的 39.99%，同时，张驰为四会兆宇唯一普通合伙人并通过四会兆宇间接控制公司5.26%的表决权。张驰控 制的公司表决权比例合计为45.25%，为公司的控股股东。 张驰和苏世国于2021年12月9日签署了《一致行动协议》，双方确认，自公司2015年12月23日成立至 今，双方作为直接或间接通过第三方持有公司股权的股东，对公司生产经营及其他重大事务决定在事实 上保持一致，对行使公司的股东权利从而依法决定或影响公司的生产经营及其他重大事务在事实上保持 一致，双方作为公司的经营管理决策者的，对公司的生产经营及其他重大事务的依法决定或执行在事实 上保持一致。基于上述事实，自公司成立至今，双方存在事实上一致行动关系。同时，双方约定自协议 签署之日起在公司日常生产经营及其他重大事宜决策等诸方 ...

Company Overview - Tongyu New Materials has been deeply engaged in the electronic resin field for nearly 10 years, breaking the monopoly of international leading companies in the lead-free and halogen-free copper-clad laminate applicable electronic resin sector [2] - The company specializes in the research, production, and sales of electronic resins, primarily used in the production of copper-clad laminates, with products including MDI modified epoxy resin, DOPO modified epoxy resin, high-bromine epoxy resin, BPA-type phenolic epoxy resin, and phosphorus-containing phenolic resin curing agents [2] Industry Insights - The electronic resin industry is crucial as it is one of the three main raw materials for producing copper-clad laminates, which are fundamental materials for processing printed circuit boards (PCBs) [2] - The copper-clad laminate industry in mainland China has seen rapid growth, with the output value increasing from $6.1 billion in 2014 to $9.3 billion in 2023, benefiting from the global PCB industry shifting to mainland China [2] Financial Performance - The company achieved operating revenues of 1.193 billion yuan, 886 million yuan, and 952 million yuan for the years 2022, 2023, and 2024, with year-on-year growth rates of 25.95%, -25.70%, and 7.47% respectively [2] - The net profit attributable to the parent company for the same years was 188 million yuan, 164 million yuan, and 143 million yuan, with year-on-year growth rates of 38.98%, -12.51%, and -12.87% respectively [2] - In Q1 2025, the company reported operating revenue of 276 million yuan, a year-on-year increase of 25.60%, while the net profit attributable to the parent company was 33 million yuan, a decrease of 4.43% year-on-year [2] IPO Details - The company plans to issue 10 million new shares in its IPO, raising 840 million yuan, with the funds intended for a 200,000-ton electronic resin project and to supplement working capital [3] - The company is currently experiencing tight production capacity, with utilization rates exceeding 100% during the reporting period [3] Valuation and Market Performance - Tongyu New Materials has a certain valuation advantage, with an issuance price-to-earnings ratio of 23.7 times, compared to an average dynamic P/E ratio of 36.88 times for comparable companies [5] - If the company achieves the average valuation of comparable companies on its first trading day, it would require a 55.6% increase from its issuance price [5] - The issuance price of 84 yuan is relatively high, and similar new stocks with prices around this level have shown an average first-day increase of 85.36%, significantly lower than the average first-day increase of 291.59% for new stocks over the past year [5]

来源|贝多财经 7月1日，同宇新材料（广东）股份有限公司（下称"同宇新材"，SZ:301630）开启申购，将在深圳证券交易所创业板上市。本次上市，同宇新材的发行价为 84.00元/股，发行数量为1000万股。 据贝多财经了解，同宇新材的上市申请于2022年6月获得受理，2023年4月，同宇新材上会并顺利通过，拟募资13亿元，其中12亿元将用于江西同宇新材料有 限公司（下称"江西同宇"）年产20万吨电子树脂项目（一期），1亿元补充流动资金。 | 序号 | 项目内容 | 项目总投资 | 拟使用募集 | 备案文号 | | --- | --- | --- | --- | --- | | | | 金额 | 资金投入金额 | | | ا | 江西同宇新材料有限 公司年产 20 万吨电子 | 150,000.27 | 120,000.00 | 2103-360281-04-01-474 | | | 树脂项目(一期) | | | | | 2 | 补充流动资金 | 10,000.00 | 10,000.00 | | 就江西同宇年产20万吨电子树脂项目（一期）而言，项目拟投资15亿元，主要用于新建生产车间、仓储、购置生产设备及配 ...

同宇新材当前具备 5 个细分产品品类、多个细分规格产品同时生产的高效率生产能力，为中高端覆铜板行业提供树脂系统化解决方案。公司已与建滔集团、 生益科技、南亚新材、华正新材、金宝电子、超声电子等全球覆铜板行业知名厂商建立了长期稳定的合作关系，快速成长为领先的覆铜板领域电子树脂内资 供应商。 | 项目 | 2024.12.31 /2024 年度 | | --- | --- | | 资产总额(万元) | 150.675.53 | | 归属于母公司所有者权益(万元) | 79.842.08 | | 资产负债率(母公司) | 33.65% | | 营业收入(万元) | 95.246.85 | | 净利润(万元) | 14.330.56 | | 归属于母公司所有者的净利润(万元) | 14.330.56 | | 扣除非经常性损益后归属于母公司所 | 14.033.39 | | 有者的净利润(万元) | | | 基本每股收益(元) | 4.78 | | 稀释每股收益(元) | 4.78 | | 加权平均净资产收益率 | 19.87% | | 经营活动产生的现金流量净额(万元) | 2,893.25 | | 现金分红(万元) ...

本周（6月30日—7月4日），A股市场仅有1只新股申购，为创业板的同宇新材（301630）。 该股将于本周二申购，公司单一账户申购上限为10000股，顶格申购需持深市市值10万元。值得注意的是，该 股发行价为84元/股，为今年以来A股市场发行价第三高的新股。 电子树脂作为制作覆铜板的三大原材料之一（树脂、增强材料和铜箔），对覆铜板性能存在至关重要的影响， 覆铜板是加工印制电路板（PCB）的基础材料，印制电路板是电子元器件的支撑体也是电气链接的载体。电子 树脂、覆铜板和印制电路板，已然成为现代电子产品中不可或缺的重要组成部件，最终被广泛应用于智能家 电、工业控制、计算机、消费电子、汽车电子、通讯等各个行业。目前，先进制造国家皆将电子信息行业列入 战略性重点发展行业，电子树脂作为重要基础材料之一，其开发及应用技术对产业发展起着关键性作用。 公司是中高端覆铜板行业电子树脂供应商，在内资企业中具有领先优势。公司主要客户包括建滔集团、生益科 技、南亚新材、华正新材、超声电子、金宝电子等覆铜板知名企业，通过服务覆铜板行业客户，公司产品最终 主要应用于计算机、消费电子、汽车电子、通讯等领域。 2022年度—2024年度，公 ...

同宇新材料（广东）股份有限公司 首次公开发行股票并在创业板上市 投资风险特别公告 保荐人（主承销商）：兴业证券股份有限公司 根据《中国上市公司协会上市公司行业统计分类指引》（2023 年），同宇 新材料（广东）股份有限公司（以下简称"同宇新材"、"发行人"或"公 司"）所处行业属于"C39 计算机、通信和其他电子设备制造业"。截至 2025 年 6 月 26 日（T-3 日），中证指数有限公司发布的行业最近一个月平均静态市 盈率为 38.62 倍。本次发行价格 84.00 元/股对应发行人 2024 年扣非前后孰低归 母净利润摊薄后市盈率为 23.94 倍，低于中证指数有限公司发布的行业最近一 个月静态平均市盈率 38.62 倍（截至 2025 年 6 月 26 日），低于招股说明书中 所选同行业可比上市公司 2024 年扣非前后孰低归母净利润对应的静态市盈率 的算术平均数 27.78 倍（截至 2025 年 6 月 26 日），但仍存在未来发行人股价 下跌给投资者带来损失的风险。发行人和保荐人（主承销商）提请投资者关注 投资风险，审慎研判发行定价的合理性，理性做出投资决策。 同宇新材首次公开发行不超过 1, ...

本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确 定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审 慎作出投资决定。 同宇新材料（广东）股份有限公司 Tongyu Advanced Materials （Guangdong） Co., LTD 广东省肇庆市四会市大沙镇马房开发区（西南一区编号 ES1020） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） 福州市湖东路 268 号 同宇新材料（广东）股份有限公司 招股说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或者股票价格变动引致 ...

电子产业链持续升级,基础材料性能的突破对技术迭代至关重要。同宇新材料(广东)股份有限公司(以下 简称"同宇新材")作为电子材料领域的一员,通过融合技术积累与市场需求,逐步构建起差异化的产品竞争 力。 同宇新材的发展与国内电子产业升级需求紧密相连。从技术储备到产品布局,企业已形成涵盖MDI改性 环氧树脂、OPO改性环氧树脂、高溴环氧树脂等多系列产品矩阵,能够为覆铜板企业提供定制化树脂解 决方案。这一完善的产品体系,既源于对基础材料性能的持续优化,也离不开对下游应用场景的精准洞 察。 市场数据体现了电子材料领域的增长潜力。行业机构预测,到2026年,中国大陆PCB产值规模预计将达到 546.05亿美元,AI、智能汽车等新兴领域对中高端PCB产品的需求成为主要增长动力。同宇新材顺势而 为,以技术协同深化客户合作,其产品已进入建滔集团、生益科技、南亚新材等全球知名覆铜板企业的供 应链体系,在内资供应商中优势渐显。 在产业链协同方面,同宇新材采取"双轮驱动"策略:一方面加深与现有客户的合作,保障产能消化;另一方面 积极开拓新客户,把握国产化进程中的市场机遇。通过持续优化产品性能与服务质量,构建起覆盖技术研 发、生产交付 ...

Core Insights - The importance of electronic resin as a fundamental material is increasing in the rapidly developing electronic information industry, with applications extending from smartphones to new energy vehicles [1] - Tongyu New Materials (Guangdong) Co., Ltd. has established itself as a significant player in the electronic resin field for copper-clad laminates through nearly a decade of focused investment in technology research and large-scale production [1][2] - The company has diversified its product range, including MDI modified epoxy resin, DOPO modified epoxy resin, high-bromine epoxy resin, BPA-type phenolic epoxy resin, and phosphorus-containing phenolic resin curing agents, providing systematic resin solutions for various needs [1] Industry Analysis - The global PCB (Printed Circuit Board) industry is experiencing steady growth driven by technological iterations in end applications such as 5G communication, consumer electronics, and automotive electronics, leading to a simultaneous increase in market demand for electronic resin [1] - Companies with technological accumulation and stable supply capabilities are better positioned to capitalize on this trend [1] Company Strategy - Tongyu New Materials has gradually transformed its investment in technology research and production processes into market competitiveness by integrating R&D resources and optimizing production workflows [2] - The company aims to continue focusing on technological innovation and service capability enhancement in the electronic resin field, strengthening collaboration with industry chain partners to promote product iteration and upgrade [2]

Core Viewpoint - Despite the increasing number of delisted companies and fewer IPOs, the encouragement for the development of key new materials remains strong, with the IPO door still open for capable enterprises [1] Group 1: IPO and Fundraising - The China Securities Regulatory Commission approved the IPO registration of Tongyu New Materials on April 25, with a fundraising target of 1.3 billion yuan, of which 1.2 billion yuan is allocated for a project to produce 200,000 tons of electronic resin annually [1] - The IPO process took 34 months from the initial application acceptance in June 2022 to the recent registration [1] - Following the approval by the Shenzhen Stock Exchange's listing committee in April 2023, the company faced a two-year stagnation during which its performance declined [2] Group 2: Financial Performance and Market Position - The average price of the company's products dropped between 26% to 40% in 2023, with a projected decline of 5% to 20% in 2024, leading to a continuous decrease in profits [2] - Tongyu New Materials, established in 2015, is recognized as a national-level "little giant" enterprise focusing on the electronic resin industry, with products including various modified epoxy resins [2] - The company has been focusing on developing lead-free and halogen-free electronic resins, which are essential for meeting the environmental requirements in the PCB industry [3] Group 3: Product Development Trends - The demand for high-end electronic resins is driven by the PCB industry's shift towards halogen-free materials, necessitating new flame retardants and improved performance characteristics [3] - Traditional products like MDI modified epoxy resins are seeing a decline in both scale and market share, while BPA-type phenolic epoxy resins and phosphorus-containing phenolic resin curing agents are experiencing rapid growth [5] - The company's revenue from MDI modified epoxy resins accounted for 34.5% in 2023, down from 42.06% in 2022, indicating a shift in product focus [6] Group 4: Company Background and Clientele - The company's controlling shareholder, Zhang Chi, has a PhD in polymer science from Sichuan University and received significant funding from alumni to establish the company [7] - Major clients include Nanya New Materials, Jian Tao Group, and Shengyi Technology, with the top five clients contributing to 68% of the company's revenue [7]