Core Insights - The average first-day increase for two new stocks last week was 263%, with Chaoying Electronics rising nearly 400% and a single subscription yielding approximately 34,000 yuan [1] - Three new stocks are scheduled for subscription this week, indicating ongoing market activity despite potential short-term fluctuations [3] Group 1: New Stock Offerings - Fengbei Biological, scheduled for subscription on October 27, is a leading company in the comprehensive utilization of waste oil resources, with significant partnerships in the biofuel sector [1][4] - Delijia, set for subscription on October 28, is a global leader in wind turbine main gearbox supply, with a projected global market share of 10.36% in 2024, ranking third globally [2][5] Group 2: Financial Projections - Fengbei Biological expects a net profit of 106 million to 116 million yuan for the first three quarters of 2025, representing a year-on-year growth of 22.29% to 33.82% [4][5] - Delijia anticipates a net profit of 582 million to 635 million yuan for the first three quarters of 2025, with a year-on-year increase of 52.37% to 66.27% [7][5] - Zhongcheng Consulting projects a net profit of 70 million to 72 million yuan for the first three quarters of 2025, with a slight decline compared to the previous year [8]

Group 1: Market Overview - The average first-day increase for two new stocks this week was 263%, with Chaoying Electronics rising nearly 400%, resulting in a profit of approximately 34,000 yuan per subscription [1] - Short-term market sentiment may experience fluctuations due to the upcoming holiday and the ongoing third-quarter report disclosures, but the medium to long-term bullish atmosphere remains intact [1] Group 2: Upcoming IPOs - Three new stocks are scheduled for subscription next week, including two on the Shanghai Stock Exchange and one on the Beijing Stock Exchange [3] - Fengbei Biological, set to be subscribed on October 27, is a leading company in the comprehensive utilization of waste oil resources, with significant partnerships in the biofuel sector [1][5] - Delijia, scheduled for subscription on October 28, is a global leader in wind turbine main gearbox supply, with a projected global market share of 10.36% in 2024 [2] Group 3: Company Financials - Fengbei Biological expects a net profit of 106 million to 116 million yuan for the first three quarters of 2025, representing a year-on-year growth of 22.29% to 33.82% [5][6] - Delijia anticipates a net profit of 582 million to 635 million yuan for the first three quarters of 2025, indicating a growth of 52.37% to 66.27% [7] - Zhongcheng Consulting projects a net profit of 70 million to 72 million yuan for the first three quarters of 2025, reflecting a slight decline compared to the previous year [9][10]

Core Viewpoint - The company has established a management approach for the hiring, management, and evaluation of intermediary institutions and experts involved in auditing, asset evaluation, and engineering consulting to enhance service quality and ensure compliance with relevant regulations [1][6]. Group 1: General Principles - The management approach aims to standardize the hiring and management of intermediary institutions and experts to improve the quality of their work [1]. - The approach applies to various tasks commissioned by the company, including auditing and asset evaluation [1]. Group 2: Selection Criteria and Procedures - The internal audit department is responsible for selecting qualified intermediary institutions and establishing a backup library of these institutions [2]. - Intermediary institutions must meet specific criteria, including having been established for at least three years and maintaining a good reputation without legal violations in the past three years [3]. - The selection process involves a comprehensive evaluation based on various criteria, including qualifications, operational strength, and past performance [4]. Group 3: Expert Selection and Evaluation - A backup library of experts will be established, with recommendations from selected intermediary institutions [5]. - Experts must possess relevant professional qualifications and have at least five years of experience in similar projects [5]. - The company will maintain a management archive for intermediary institutions and experts, documenting their qualifications, experience, and performance evaluations [5]. Group 4: Supervision and Quality Control - The company will implement supervision and quality control measures for the commissioned intermediary institutions and experts, including project management records and evaluation forms [5]. - Annual evaluations will rank intermediary institutions and experts based on their performance in commissioned projects [5]. - Any intermediary institution or expert found to have significant issues will have their contracts terminated and be removed from the backup library [5].