根据招股书透露，本次拟募资约1.6亿元，用于30,000吨功能高分子材料扩产项目、研发中心建设项目建设及流动资金补充。其中，高分子材料项目，主要 包括低 VOC 功能化材料、粘合树脂、功能复合材料。 来源：招股书 能之光，是国家级专精特新"小巨人"企业，生产工厂包括宁波工厂和赣州工厂。 客户方面，包括 金发科技、普利特、临海亚东、万马股份、会通股份、中天科技、亨通光电、 中广核技、聚隆科技、万马高分子等知名企业，同时拓展 了包括 LG、博禄、巴斯夫、奥升德和沙比克等全球巨头。其中， 金发科技是最大客户，年度销售额占近10%。同时，公司也向金发科技采购陶氏品牌 POE作为原料。 2021—2023年，能之光实现营收分别为5.29亿、5.55亿和5.69亿；净利润分别为2414.5万元、2186.4万元、 4980.7万元， 2023年增长巨大； 2024年，公司 实现收入6.1亿，毛利率17%，净利润5594万元。 2025年1-6月，预计实现营业收入3.01亿，同比预计增长幅度为2.61%；预计扣非净利润为 2,699.18万元， 同比预计增长幅度为3.39%。 历经疫情到现在，公司整体收入和毛利率稳中有增。 ...

【DT新材料】 获 悉， 8月22日，随着北京证券交易所钟声敲响， 宁波能之光新材料科技股份有限公司 （证券代码：920056）正式挂牌上市，首日 收盘每股 32.04元， 大涨 344.38%，市值 25.46亿。 根据招股书透露，本次拟募资约 1.6亿元 ，用于 30,000吨功能 高分子材料扩产项目 、 研发中心建设项目建设及流动资金补充。其中，高分子材料项 目，主要包括低 VOC 功能化材料、粘合树脂、功能复合材料 。 | | | | 单位: 万元 | | --- | --- | --- | --- | | 序号 | 项目名称 | 投资总额 | 募集资金投资金额 | | 1 | 功能高分子材料扩产项目 | 9,116.60 | 9,116.60 | | 2 | 研发中心建设项目 | 3,541.85 | 3,541.85 | | 3 | 补充流动资金 | 3,350.00 | 3,350.00 | | | 合计 | 16,008.45 | 16,008.45 | 来源：招股书 客户方面 ，包括 金发科技、普利特、临海亚东、万马股份、会通股份、中天科技、亨通光电 、 中广核技、聚隆科技、万马高分子 等知 ...

2025 年 8 月 22 日 星期五 国内市场主要指数 市场走势 【今日要点】 【公司评论】()：新股覆盖-能之光（920056.BJ）：-高分子助剂及功能 高分子材料领域的"专精特新"小巨人 资料来源：最闻 研究早观点 分析师： 彭皓辰 执业登记编码：S0760525060001 邮箱：penghaochen@sxzq.com 2019 年 2 月 21 日 星期四 请务必阅读最后股票评级说明和免责声明 1 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,771.10 | 0.13 | | 深证成指 | | 11,919.76 | -0.06 | | 沪深 | 300 | 4,288.07 | 0.39 | | 中小板指 | | 7,326.99 | 0.27 | | 创业板指 | | 2,595.47 | -0.47 | | 科创 50 | | 1,149.15 | 0.09 | 资料来源：最闻 对应 2024 年市盈率为 10.53 倍，相较于可比具备一定的折价。 研究早观点 【今日要点】 【公司评论】()：新股覆盖-能之光（92 ...

在高分子助剂的众多品类中，相容剂的作用尤为关键。它如同"分子桥梁"，能有效提升不同材料组分间的相容 性，从而显著改善复合材料的力学性能（如强度、韧性）、加工性及功能特性。其应用广泛，尤其在电线电 缆、汽车部件、包装材料等领域不可或缺。例如在无卤阻燃电缆的生产中，高性能相容剂对于保障材料的关键 机械与安全性能具有决定性影响。 然而，我国高分子助剂产业起步相对较晚。行业发展初期，用于无卤阻燃电缆料的关键相容剂几乎完全依赖进 口，市场长期被杜邦、陶氏、埃克森美孚等国际化工巨头所垄断。成立于2001年的能之光，是国内较早投身相 容剂研发的企业之一。公司专注于高分子接枝改性技术的产业化应用，成功实现了相容剂的国产化突破，并率 先在二十一世纪初推动了国产无卤阻燃电缆护套料相容剂的广泛应用。 8月22日，宁波能之光新材料科技股份有限公司（股票代码： 920056， 简称：能之光）将正式登陆北交所。作 为国内高分子助剂细分领域的先行者，能之光深耕相容剂、增韧剂、粘合树脂等功能高分子助剂和材料领域二 十余年，产品广泛应用于汽车、光伏、线缆等新兴产业。此次IPO，公司计划募集资金1.07亿元，主要用于扩 产及研发项目，旨在为实现 ...

Core Viewpoint - The company Nengzhiguang is set to list on the Beijing Stock Exchange, with strong expectations for its debut performance due to its leading position in the functional polymer products market and favorable market conditions [1][4]. Group 1: Company Overview - Nengzhiguang specializes in the research, production, and sales of high polymer additives and functional polymer materials, focusing on compatibilizers, toughening agents, and adhesive resins [1][2]. - The company has developed over 300 product grades and holds a market share of approximately 8.07% in the domestic compatibilizer market, which is projected to reach a size of 7.13 billion yuan in 2024 [1][2]. - The founder, Zhang Farou, has a strong academic background, having obtained a Ph.D. from the Chinese Academy of Sciences and conducted postdoctoral research in Japan [2]. Group 2: Financial Performance - Nengzhiguang's revenue for 2022, 2023, and projected for 2024 is 555.6 million yuan, 569 million yuan, and 611 million yuan, respectively, with year-on-year growth rates of 5.02%, 2.44%, and 7.26% [3]. - The net profit attributable to the parent company for the same years is 22 million yuan, 50 million yuan, and 56 million yuan, with growth rates of -9.45%, 127.80%, and 12.31% [3]. - In the first half of 2025, the company achieved a revenue of 294 million yuan, a slight increase of 0.06% year-on-year, and a net profit of 30 million yuan, reflecting a growth of 10.81% [3]. Group 3: Market and Valuation Insights - The recent performance of new stocks on the Beijing Stock Exchange has been strong, with an average first-day increase of 311% for newly listed stocks [4][5]. - Nengzhiguang's issuance price is set at 7.21 yuan per share, which is considered relatively low in the current market context, with similar priced stocks averaging a first-day increase of 334.7% [5]. - The company has a significant valuation advantage, with an issuance price-to-earnings ratio of 9.74, compared to an average of 24.1 for comparable companies [5].

市场数据： | 收盘价（元）： | - | | --- | --- | | 总股本（亿股）： | 0.79 | | 流通股本（亿股）： | - | | 流通市值（亿元）： | - | 基础数据：2025 年 6 月 30 日 | 每股净资产（元）： | 6.32 | | --- | --- | | 每股资本公积（元）： | 1.62 | | 每股未分配利润（元）： | 3.36 | | 资料来源：wind | | 盖斌赫 能之光（920056.BJ） 高分子助剂及功能高分子材料领域的"专精特新"小巨人 2025 年 8 月 21 日 公司研究/新股覆盖研究 投资要点： 公司专注于高分子助剂和功能高分子材料的研发、生产和销售，主要产 品包括相容剂、增韧剂、粘合树脂等。公司凭借强大的技术研发实力和优质 的产品，赢得了广泛的客户资源。公司是较早实现相容剂国产化的企业之一， 其相容剂产品在 2024 年市场规模中占比约 8.07%，处于市场领先地位。 高分子助剂和功能高分子材料行业在全球范围内呈现快速增长态势。 2021 年全球高分子材料助剂市场规模达 1,103 亿美元，2013-2021 年年均复合 增长率为 2 ...

犀牛之星讯，8月15日消息，能之光（920056）北交所IPO发行结果出炉，70.48万户投资者打新，有效申购数量782.99亿股，冻结资金约5645.43亿元，申购 倍数5576.52倍，获配比例为0.02%。 在已完成缴款的战略配售环节，能之光引入北京煜诚私募基金管理有限公司煜诚六分仪私募证券投资基金、中信证券股份有限公司、北京恒德时代私募基金 管理有限公司-恒德金泽E36号私募证券投资基金、国金创新投资有限公司等10家战投。 | 序号 | 战略投资者的名称 | 股数 | 茨配 延期交付 非延期交付 限售期 股数 | 股数 | | | --- | --- | --- | --- | --- | --- | | | | | | | 安排 | | | | (股) | (股) | (股) | | | 1 | 北京煜诚私募基金管理有限公司- | 550,000 | 500,000 | 50,000 | 12 1 | | --- | --- | --- | --- | --- | --- | | | 煜诚六分仪私募证券投资基金 | | | | | | 2 | 中信证券股份有限公司 | 500,000 | 450,0 ...

塑料是高分子材料的重要分支。根据PRECEDENCE RESEARCH的统计数据，全球塑料助剂市场规模在2023年估计为581.2亿美元，预计到2033年将达到 906.9亿美元左右，2023年至2033年的复合年增长率为4.55%。 智通财经APP获悉，8月13日，能之光(920056.BJ)开启申购，发行价格为7.21元/股，申购上限为70.20万股，市盈率11.28倍，属于北交所，国金证券为其保荐 人。 招股书披露，能之光是一家从事高分子助剂及功能高分子材料的研发、生产和销售的高新技术企业，同时也是国家级专精特新"小巨人"企业，深耕相容剂、 增韧剂和粘合树脂等功能高分子产品，自主研发出了300多个牌号的产品。 | 项目 | 2024年12月31日 | 2023年12月31日 | 2022年12月31 | | --- | --- | --- | --- | | | /2024年度 | /2023年度 | /2022年度 | | 资产总计(元) | 458,370,604.02 | 490,596,072.54 | 498,496,48 | | 股东权益合计(元) | 379,312,536.04 | 32 ...

Group 1 - The company is rated as a "small giant" enterprise specializing in high polymer additives and functional polymer materials, with a focus on expanding production capacity for functional polymer materials [2][12] - The initial offering price is set at 7.21 CNY per share, with an issuance price-to-earnings ratio of 10.24X, and the subscription date is August 13, 2025 [3][6] - The company plans to invest the net proceeds from the offering into a "functional polymer material expansion project" and a "research and development center construction project," aiming to increase annual production capacity of functional polymer materials by 30,000 tons [10][11] Group 2 - In 2024, high polymer additives are expected to account for 94.2% of total revenue, with major global clients including LG and BASF [12][30] - The revenue from high polymer additives in 2024 is projected to be 575 million CNY, reflecting a year-on-year increase of 6%, while functional polymer materials are expected to generate 28 million CNY [25][30] - The company has maintained a stable customer concentration, with the top five customers accounting for approximately 20% of total sales from 2022 to 2024 [26][28] Group 3 - The high polymer additives industry is experiencing rapid growth, driven by strong downstream demand, with the global market capacity for polymer additives estimated at approximately 110.3 billion USD in 2021, growing at a compound annual growth rate of 21.65% from 2013 to 2021 [35][39] - The plastic additives market in China is projected to reach 9.78 billion USD by 2026, with a compound annual growth rate of 4.78% [41][39] - The demand for modified plastics in China is expected to reach approximately 22.84 million tons in 2023, representing a year-on-year growth of 8% [50][51]

Core Viewpoint - Ningbo Nengzhiguang has successfully passed the listing committee review of the Beijing Stock Exchange, marking a significant milestone in its IPO journey, which began on June 26 of the previous year [1] Financial Performance - The company achieved revenues of 529 million, 555 million, and 569 million in 2021, 2022, and 2023 respectively, with net profits of 24.145 million, 21.864 million, and 49.807 million, showing substantial growth in 2023 [2] - For 2024, the company expects to generate 610 million in revenue with a gross margin of 17% and a net profit of 55.94 million [2] - In the first half of 2025, the company anticipates revenues of 301 million, representing a year-on-year growth of 2.61%, and a non-GAAP net profit of approximately 26.99 million, with a growth rate of 3.39% [2] IPO and Fundraising - The company plans to raise approximately 160 million for the expansion of its functional polymer materials production project, the construction of a research and development center, and working capital [2] Production Capacity and Utilization - The production capacity for Ningbo is set at 30,000 tons for 2024, with an actual output of 33,911.62 tons in 2023, resulting in a utilization rate of 113.04% [4] - The production capacity for Ganzhou is 19,639.50 tons, with an output of 14,913.69 tons in 2023, leading to a utilization rate of 75.94% [4] Product Portfolio - The company specializes in functional polymer products such as compatibilizers, toughening agents, and adhesive resins, which are widely used in modified plastics, composite materials, and high-performance films [4] - Current research and development focus includes flame-retardant toughening agents for nylon, high-performance lithium battery separators, and modified polypropylene wax [5] Client Base - The company serves notable clients including Kingfa Technology, Prit, and Zhongtian Technology, while also expanding its reach to global giants like LG and BASF [3] Market Trends - The shift from P-type to N-type solar cells and advancements in technologies like LECO are driving demand for new encapsulation materials, which presents growth opportunities for the company in the photovoltaic functional materials sector [11]