中国经济网编者按：南方都市报近日发布报道《振石股份冲刺A股IPO：拟募资40亿，关联交易多 次遭问询》。据该报道，11月18日，上交所官网显示，振石股份IPO上会审议获通过。在此次冲刺A股 上市前，振石股份的前身恒石有限，曾于2015年12月通过恒石控股在港股上市，并于2019年7月私有化 退市。此次A股上市招股书显示，振石股份拟募资39.81亿元，主要用于玻璃纤维制品生产基地建设、复 合材料生产基地建设及西班牙生产基地建设、研发中心及信息化建设项目等项目。 招股书信息显示，振石股份是一家主要从事清洁能源领域纤维增强材料研发、生产及销售的国家级 高新技术企业。 在业绩上，振石股份近年波动明显，2022年至2024年，公司营业收入分别为52.67亿元、51.24亿 元、44.39亿元，同期归母净利润分别为7.74亿元、7.90亿元、6.06亿元。对于业绩的波动，招股书显 示，受2022年至2024年行业内供求变动因素影响，公司产品销售价格亦同步下降，导致2022年至2024年 主营业务收入整体呈下降态势。 2025年前三季度，公司营业收入为53.97亿元，较上年同期增加77.06%。不过，公司净利润并未出 现同 ...

北京商报讯（记者 马换换 王蔓蕾）近日，上交所官网显示，浙江振石新材料股份有限公司（以下简 称"振石股份"）主板IPO提交注册，公司冲击上市进入最后一关。 据了解，振石股份是一家主要从事清洁能源领域纤维增强材料研发、生产及销售的国家级高新技术企 业。公司主板IPO于2025年6月25日获得受理，当年7月19日进入问询阶段，2025年11月18日上会获得通 过，并于11月19日提交注册。 本次冲击上市，振石股份拟募集资金约39.81亿元，扣除发行费用后的净额将全部应用于玻璃纤维制品 生产基地建设项目、复合材料生产基地建设项目、西班牙生产建设项目、研发中心及信息化建设项目。 ...

Core Viewpoint - Zhejiang Zhenstone New Materials Co., Ltd. has received approval for its initial public offering (IPO) on the Shanghai Stock Exchange, aiming to raise 3.981 billion yuan for various projects in the clean energy sector [1] Financial Performance - The company reported revenues of 5.267 billion yuan in 2022, 5.124 billion yuan in 2023, and projected 4.439 billion yuan in 2024, indicating a decline in revenue over the years [1] - Net profits were 774.4 million yuan in 2022, 790.2 million yuan in 2023, and are expected to decrease to 606.3 million yuan in 2024 [1] - Basic earnings per share are projected to drop from 0.84 yuan in 2022 to 0.41 yuan in 2024 [1] - The weighted average return on equity is expected to decline from 37.08% in 2022 to 22.78% in 2024 [1] Investment Projects - The funds raised from the IPO will be allocated to the construction of a fiberglass product production base, a composite materials production base, a production project in Spain, and the establishment of a research and development center along with information technology projects [1]

朗迪集团所属申万行业为：家用电器-家电零部件Ⅱ-家电零部件Ⅲ。所属概念板块包括：光刻机、集成 电路、机器人概念、创投、家用电器等。 截至9月30日，朗迪集团股东户数2.42万，较上期增加50.03%；人均流通股7647股，较上期减少 33.09%。2025年1月-9月，朗迪集团实现营业收入14.96亿元，同比增长4.75%；归母净利润1.76亿元，同 比增长32.26%。 分红方面，朗迪集团A股上市后累计派现5.86亿元。近三年，累计派现2.13亿元。 资金流向方面，主力资金净流出347.74万元，特大单买入0.00元，占比0.00%，卖出145.95万元，占比 3.83%；大单买入409.89万元，占比10.75%，卖出611.68万元，占比16.04%。 朗迪集团今年以来股价涨50.54%，近5个交易日跌2.73%，近20日跌10.77%，近60日涨20.77%。 今年以来朗迪集团已经2次登上龙虎榜，最近一次登上龙虎榜为7月10日，当日龙虎榜净买入-2586.28万 元；买入总计4128.92万元 ，占总成交额比4.94%；卖出总计6715.20万元 ，占总成交额比8.04%。 资料显示，浙江朗迪集团股份 ...

Core Viewpoint - Zhejiang Zhenshi New Materials Co., Ltd. is set to undergo its IPO review on November 18, 2025, after a nearly five-month wait, amidst fluctuating performance and significant cash dividends totaling approximately 1.14 billion yuan in 2022 and 2023 [1][3][4]. Group 1: Company Overview - Zhenshi Co. is primarily engaged in the research, production, and sales of fiber-reinforced materials in the clean energy sector and is recognized as a national high-tech enterprise [3]. - The company has experienced notable revenue fluctuations, with revenues of approximately 5.267 billion yuan, 5.124 billion yuan, 4.439 billion yuan, and 3.275 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3]. - Corresponding net profits for the same periods were approximately 774 million yuan, 790 million yuan, 606 million yuan, and 404 million yuan [3]. Group 2: Shareholding Structure - The actual controllers of Zhenshi Co., Zhang Yuqiang and Zhang Jiankang, hold a combined 96.51% of the company's shares, with the largest shareholder being Tongxiang Huajia Enterprise Management Co., Ltd. at 56.27% [3][4]. - The close family relationship between the actual controllers raises concerns about potential conflicts of interest in decision-making processes [4]. Group 3: Financial Performance and Dividends - Zhenshi Co. distributed cash dividends of approximately 540 million yuan in 2022 and 600 million yuan in 2023, totaling around 1.14 billion yuan [4]. - The company plans to raise approximately 3.981 billion yuan through the IPO, which will be allocated to various projects including the construction of production bases and a research center [4]. Group 4: Related Party Transactions - China Jushi is identified as the largest supplier to Zhenshi Co., with procurement amounts of approximately 2.112 billion yuan, 1.895 billion yuan, 2.035 billion yuan, and 1.518 billion yuan for the respective years, constituting a significant portion of the company's operating costs [7][8]. - The company has also engaged in various related party transactions, with total amounts of approximately 2.811 billion yuan, 2.279 billion yuan, 2.256 billion yuan, and 1.679 billion yuan, representing a substantial percentage of operating costs [8].

Core Viewpoint - The document outlines the Chinese government's initiative to accelerate the development of modern state-owned forest farms, emphasizing the potential for developing specialized industries and enhancing ecological sustainability [1] Group 1: Development of Specialized Industries - The government encourages state-owned forest farms to explore the potential of developing specialized industries tailored to local conditions [1] - Support is provided for the establishment of economic bases for economic forest fruits and woody grains, as well as the deep processing of wood products, forest foods, and forest medicinal materials [1] - The initiative aims to extend industrial chains and create distinctive regional brands [1] Group 2: Ecological Tourism and Other Business Models - State-owned forest farms are encouraged to develop ecological tourism, forest health care, nature education, and outdoor sports through various methods such as independent development, cooperative development, and franchising [1] - This diversification aims to enhance the economic viability of forest farms while promoting sustainable practices [1] Group 3: Wood Production and Resource Utilization - The document emphasizes the strengthening of wood production in state-owned forest farms [1] - Support is provided for the recycling of wood processing residues to produce biomass energy or composite materials, thereby increasing the added value of the industry [1] Group 4: Carbon Market Participation - The initiative supports the development of ecosystem carbon sink projects in conjunction with afforestation projects [1] - State-owned forest farms are encouraged to participate in carbon market trading, contributing to the exploration of mechanisms for carbon sink trading [1]

智通财经APP获悉，11月17日，国家发展改革委、国家财政部等六部门发布关于加快建设现代化国有林 场的意见。其中提到，到2030年，国有林场管理体制进一步完善，生态系统得到有效保护修复，资源永 续利用机制基本构建，单位面积森林蓄积量提高约5%，初步建成资源质量优良、生态功能稳定、产业 发展充分的现代化国有林场体系，成为带动林区山区绿色发展的重要增长点。 到2035年，国有林场生态质量持续改善，各具特色的绿色产业体系更加完善，单位面积森林蓄积量提高 约11%，现代化国有林场体系基本建成，成为维护国家生态安全、带动林草产业发展、提供优质生态产 品的主力军。 推动适用装备升级换代。积极推动国有林场智能机械装备建设，重点加强种苗培育、造林种草、抚育采 伐、林果采收、防沙治沙、有害生物防治等现代化野外作业装备配备，加强操作和维保技术队伍建设。 结合林场产业链培育，大力推广先进木材加工、经济林果、木本粮油等精深加工设备，拓展产品品类， 提高产品质量、标准化水平和综合竞争力。 推进林草资源提质增效。建立以经营方案为核心、以提升质量为导向的森林经营管理制度，全面完成国 有林场森林经营方案编制工作，并将编制和实施情况纳入林长制 ...

Core Insights - This week (November 17-21), five companies are scheduled for IPO meetings, with a focus on various stock exchanges including the Sci-Tech Innovation Board and the Beijing Stock Exchange [1] Group 1: Upcoming IPOs - Five companies are set to present their IPO plans, including Yisiwei on the Sci-Tech Innovation Board, Zhenshi Co. on the Shanghai Main Board, and three companies (Tongling Technology, Jingqiang Technology, and Aide Technology) on the Beijing Stock Exchange [1] - Zhenshi Co. plans to raise the highest amount of 3.981 billion yuan, targeting projects related to fiberglass products, composite materials, and a production facility in Spain [1] - Yisiwei and Tongling Technology aim to raise 1.214 billion yuan and 411 million yuan, respectively [1] Group 2: Company Profiles - Zhenshi Co. specializes in the research, production, and sales of fiber-reinforced materials in the clean energy sector and is recognized as a national high-tech enterprise [2] - Yisiwei focuses on the research, production, and sales of automotive manufacturing machine vision equipment [3] - Tongling Technology is involved in the research, production, and sales of automotive interior components [4] - Jingqiang Technology is a major supplier of aluminum-based electromagnetic wire products, primarily producing enameled aluminum wire [4] - Aide Technology specializes in the research, production, and sales of orthopedic medical devices [5]

中国上市公司网/文 浙江振石新材料股份有限公司(振石股份)即将于2025年11月18日迎来沪主板上市审核，标志着这家深耕 清洁能源领域二十余载的国家级高新技术企业距离迈向资本市场更进一步。作为全球风电叶片材料领域 的标杆企业，振石股份以"智造卓越材料，创造美好未来"为使命，凭借在纤维增强材料研发、生产及销 售领域的深厚积累，构建了覆盖风力发电、光伏发电、新能源汽车、建筑建材等多行业的创新解决方案 体系。本次IPO募资不低于39.81亿元，将重点投向玻璃纤维制品生产基地、复合材料生产基地、西班牙 生产建设及研发中心等四大项目，为全球清洁能源产业链提供更高效、更可持续的材料支撑。 核心优势铸就行业标杆，技术赋能引领创新未来 配新能源汽车轻量化趋势;西班牙生产建设项目拓展欧洲市场，强化全球化供应链韧性;研发中心及信息 化项目则聚焦前沿材料开发，推动智能工厂升级。 值得关注的是，公司财务健康度与持续盈利能力已获充分验证：报告期内营业收入稳定在44亿至53亿元 区间，净利润超6亿元，经营性现金流持续为正，资产质量优良。本次募资将优化资产结构，为业务扩 张提供资金支持，增强抗风险能力。正如公司所言，通过存量市场深耕与增量 ...

Group 1 - The core point of the article is that Huazheng New Materials (SH 603186) held its 20th meeting of the fifth board of directors on November 12, 2025, to discuss the election of directors responsible for company affairs [1] - For the fiscal year 2024, Huazheng New Materials reported that composite materials accounted for 97.76% of its revenue, while other businesses contributed 2.24% [1] - As of the report date, the market capitalization of Huazheng New Materials is 5.9 billion yuan [2]