Group 1 - The core viewpoint of the article is that Hai'an Rubber Group Co., Ltd. has submitted its IPO registration to the Shenzhen Stock Exchange, aiming to raise approximately 2.952 billion yuan for expansion and modernization projects [1] - Hai'an Rubber's main business includes the research, production, and sales of giant all-steel radial tires for construction machinery, as well as the operation and management of mining tires [1] - The company’s IPO was accepted on June 12, 2023, entered the inquiry stage on July 7, 2023, and was approved on May 30, 2025 [1] Group 2 - Financial data shows that Hai'an Rubber's projected operating revenues for 2022, 2023, and 2024 are approximately 1.508 billion yuan, 2.251 billion yuan, and 2.3 billion yuan, respectively [1] - Corresponding net profits attributable to the parent company for the same years are projected to be approximately 354 million yuan, 654 million yuan, and 679 million yuan [1] - The funds raised from the IPO will be used for the expansion of all-steel giant engineering radial tire production, automation production line upgrades, research center construction, and to supplement working capital [1]

智通财经APP获悉，8月18日，海安橡胶集团股份公司(简称：海安橡胶)申请深交所主板IPO审核状态变 更为"提交注册"。国泰海通证券为其保荐机构，拟募资29.5232亿元。 招股书显示，海安橡胶的主营业务包括巨型全钢工程机械子午线轮胎的研发、生产与销售，以及矿用轮 胎运营管理业务。巨型全钢工程机械子午线轮胎是工程机械轮胎中极具特色的高端产品，其体积和质量 巨大(最大轮胎外直径超过 4 米，最大质量接近 6 吨)、工作条件苛刻、不间断工作时间长，因此全钢巨 胎产品的生产技术难度大，目前仅少数轮胎生产企业能够实现大规模量产。 报告期内，公司的主要客户包括紫金矿业集团股份有限公司、乌拉尔矿业冶金公司、ABSOLUTE LTD、徐工集团工程机械股份有限公司、青岛泰凯英专用轮胎股份有限公司、鞍钢集团有限公司、JSC "Stroyservis"、LLC New Mining Management Company、格林松供应链管理(海南)有限公司等。 | 项目 | 2024 年 12 月 31 日 | 2023年12月 31 | 2022 年 12月 31 日 | | --- | --- | --- | --- | | | ...

2025年5月，A股IPO（首次公开募股）市场有4家公司首发上会，且全部过会，这一上会企业数量较4月 的9家有所减少。5月仅有6只新股上市，上市数量在年内也仅高于2月的1只。 降：上会与上市数量减少 在赴境外上市方面，截至2025年5月30日，共有158家公司在进行境外发行证券备案中，其中拟赴港上市 超过七成。 《每日经济新闻》记者注意到，赴港上市热潮持续，5月有41家公司递表港交所，而且有至少7家A股上 市公司首次公告披露拟赴港IPO。在新股发行市场，随着宁德时代（300750）登陆港交所，5月港股市 场首次招股募资额创下自2021年4月以来的月度新高。 5月，A股IPO市场迎来4家公司首发上会并全部过会，包括来自深证主板的海安橡胶以及来自北交所的 世昌股份、志高机械和酉立智能，这一首发上会企业数量较上月的9家有所减少。 上述4家过会企业中，海安橡胶主要从事巨型全钢工程机械子午线轮胎的研发、生产与销售以及矿用轮 胎的运营管理业务。 《每日经济新闻》记者注意到，深交所上市委在现场主要问询了两个问题，一是要求海安橡胶说明预计 2025~2027年营业收入复合增长率为20%的合理性及可持续性，报告期后业绩是否存在 ...

IPO Review and Registration Progress - The recent surge in IPO applications has led to 9 new IPO applications being accepted in the last week [2] - Notable companies include Yue Long Technology, Hao De CNC, Hai Sheng Medical, Yong Li Precision, Mei De Le, and Da Ya Co., with various business focuses ranging from fluid transport to medical devices and precision steel pipes [2][3][4] - Hai Sheng Medical reported a revenue of 3.04 billion yuan for 2024, a slight decrease of 0.7% year-on-year, with a net profit of 710 million yuan, down 9.12% [3] - Yong Li Precision expects revenues of 5.68 billion yuan and a net profit of 950 million yuan in 2024, with a growing reliance on major clients [4] - Mei De Le anticipates revenues of 11.38 billion yuan and a net profit of 2.11 billion yuan in 2024, with a significant portion of revenue coming from the new energy battery sector [4] New IPOs and Fundraising - Shaanxi Tourism's IPO has been accepted, aiming to raise 1.555 billion yuan for various tourism-related projects [5][6] - The company integrates tourism performance, cableway operations, and project management, leveraging local resources [5] - Aifenda has submitted its IPO registration, seeking to raise approximately 665 million yuan for production line upgrades and working capital [9] - Tianfu Long has received approval for its IPO, planning to raise 790 million yuan for production projects [9] Market Trends and Regulatory Developments - The Shanghai government aims to cultivate 3-5 unicorns in the rehabilitation assistive devices sector by 2027, promoting investment and efficiency in the industry [12] - Guangdong province encourages fintech companies to go public, engage in mergers and acquisitions, and issue special corporate bonds to enhance digital financial development [13]

Core Viewpoint - The article discusses the approval of three companies for IPOs, highlighting their business operations, revenue, and profit projections for 2024, as well as their major clients and market dynamics. Group 1: Company Overview - Zhigao Machinery specializes in the research, production, sales, and service of rock drilling equipment and air compressors, with projected 2024 revenue of 888.44 million yuan and net profit of 103.16 million yuan [2][7]. - Shichang Co., Ltd. focuses on the research, production, and sales of automotive fuel systems, with a projected 2024 revenue of 514.86 million yuan and net profit of 69.95 million yuan [24][26]. - Hai'an Rubber is engaged in the research, production, and sales of giant all-steel engineering tires and mining tire management, with a projected 2024 revenue of 2.30 billion yuan and net profit of 640.56 million yuan [4][28]. Group 2: Financial Performance - Zhigao Machinery's revenue for the reporting period was 795.04 million yuan in 2022, 840.37 million yuan in 2023, and is projected to reach 888.44 million yuan in 2024, with net profits increasing from 62.61 million yuan to 103.16 million yuan [7][10]. - Shichang Co., Ltd. reported revenues of 281.52 million yuan in 2022, 406.08 million yuan in 2023, and a projected 514.86 million yuan in 2024, with net profits rising from 17.78 million yuan to 69.95 million yuan [26][27]. - Hai'an Rubber's revenue increased from 1.51 billion yuan in 2022 to 2.25 billion yuan in 2023, with a slight increase to 2.30 billion yuan projected for 2024, and net profits rising from 318.72 million yuan to 640.56 million yuan [4][28]. Group 3: Client Concentration and Market Dynamics - Zhigao Machinery's major client, OOO AltaiBurMash, accounted for 20.11% of its revenue in 2024, with significant sales growth in foreign markets, particularly Russia [12][15]. - Shichang Co., Ltd. has a high client concentration, with its top five clients contributing over 95% of its sales, primarily driven by major automotive manufacturers like Geely and Chery [33][34]. - Hai'an Rubber's client base includes major construction and mining companies, with a focus on expanding its market share in both domestic and international markets [4][28].

Core Viewpoint - Hai'an Rubber has successfully passed the IPO review by the Shenzhen Stock Exchange, marking a significant step for the company in its expansion efforts in the giant all-steel radial tire market for engineering machinery [1][3]. Company Overview - Hai'an Rubber specializes in the research, production, and sales of giant all-steel radial tires for engineering machinery and mining tire operation management [3]. - The company has been focused on the development and production of all-steel giant tires since its establishment in 2005, achieving production capabilities for a full range of models with rim diameters of 49 inches and above [3][4]. - The company has broken the monopoly of international brands in the domestic all-steel giant tire market, achieving import substitution and promoting the localization of these products [4]. Market Position - The all-steel giant tire segment is characterized by high technical barriers and strong customer loyalty, with major international brands like Michelin, Bridgestone, and Goodyear holding over 80% of the global market share [3][4]. - Hai'an Rubber's products have gained wide recognition among downstream customers, including major mining companies and equipment manufacturers [4]. Financial Performance - In the first quarter of 2023, Hai'an Rubber reported revenues of 4.68 billion yuan and net profits of 1.43 billion yuan, with revenues of 22.51 billion yuan and net profits of 6.54 billion yuan for the full year of 2022 [5]. - The global demand for all-steel giant tires is expected to grow rapidly, with a projected compound annual growth rate of over 10% from 2022 to 2027, reaching an output of 358,000 units by 2027 [5]. IPO and Future Plans - Hai'an Rubber plans to raise 2.95 billion yuan through its IPO to invest in expanding production capacity, upgrading automation production lines, and building a research and development center [5]. - The company aims to overcome production capacity bottlenecks and enhance product quality to meet domestic and international market demands, ensuring the security of the national mining supply chain [5].

Core Viewpoint - Hai'an Rubber Group Co., Ltd. has been in the inquiry phase for over a year and a half regarding its IPO on the Shenzhen Stock Exchange, with recent updates on financial data submitted [1][3] Group 1: Company Overview - Hai'an Rubber's main business includes the research, production, and sales of giant all-steel radial tires for engineering machinery, as well as the operation management of mining tires [1] - The company aims to raise approximately 2.952 billion yuan through its IPO, which will be allocated for expanding production capacity of all-steel giant tires, upgrading automated production lines, constructing a research center, and supplementing working capital [3] Group 2: Financial Performance - From 2022 to 2024, Hai'an Rubber's revenue and net profit are projected to grow steadily, with revenues of approximately 1.508 billion yuan, 2.251 billion yuan, and 2.3 billion yuan, and corresponding net profits of about 354 million yuan, 654 million yuan, and 679 million yuan [3] - The company has a high proportion of overseas revenue, with main business income of approximately 1.457 billion yuan, 2.208 billion yuan, and 2.244 billion yuan, and overseas sales of about 950 million yuan, 1.682 billion yuan, and 1.665 billion yuan, representing 65.19%, 76.16%, and 74.23% of main business income respectively [3] Group 3: Accounts Receivable - Hai'an Rubber's accounts receivable have been increasing year by year, with values of 342 million yuan, 418 million yuan, and 625 million yuan at the end of each reporting period, accounting for 16.27%, 14.92%, and 19.05% of total assets, and 22.7%, 18.57%, and 27.19% of revenue respectively [4] - The company attributes the growth in accounts receivable to the expansion of its revenue scale, noting that the tire industry typically involves long settlement cycles due to its customer base primarily consisting of large enterprises [4] Group 4: Control and Ownership - The controlling shareholder of Hai'an Rubber is Fujian Xinhui Investment Group Co., Ltd., which holds 28.32% of the shares, while the actual controller, Zhu Hui, directly holds 19.5% and indirectly through Xinhui Group holds a total of 47.82% of the shares [5]