2025年四川省总部企业认定名单正式公布 全省共31家企业入选 绵阳市此次有两家企业获评 均为民营企业—— 四川铁骑力士实业有限公司 台沃科技集团股份有限公司 根据企业规模、控制权归属与功能承担情况，四川将总部企业划分为三类：全能型总部、职能型总部、成长型总部。 本次共有20家企业被认定为全能型总部，5家为职能型总部，6家为成长型总部，绵阳此次获评的两家企业均被认定为全能型总部企业。 自2024年四川首次开展总部企业评选以来 绵阳累计已有8家企业入选 其中民营企业占5家 ↑资料图 视觉绵阳 杨建/摄 四川省总部企业认定工作由省发展改革委联合省经济和信息化厅、省科技厅、省市场监管局、省经济合作局等部门共同开展，旨在选拔在川登记注册、履 行纳税纳统结算职能，并实施跨省经营、具有一定规模、承担总部功能、具备行业影响力和财税贡献的法人企业。申报企业需满足开展实质性经营、跨地 区或跨境经营、依法合规等基本条件，其中在川年纳税额不低于1000万元，拥有或授权管理的独立法人企业或分支机构不少于2家。 四川铁骑力士实业有限公司 公司成立于1992年，是集饲料、牧业、食品及生物技术于一体的农业产业化国家重点龙头企业。公司以"科 ...

Core Viewpoint - Stanley Agricultural Group Co., Ltd. is engaged in the research, production, and sales of compound fertilizers and new fertilizers, with a market capitalization of 11.369 billion yuan as of December 30, showing a stock price increase of 1.02% to 9.87 yuan per share [1] Group 1: Company Overview - Stanley Agricultural Group was established on July 15, 1998, and listed on June 10, 2011 [1] - The company's main business segments include the production and sales of compound fertilizers (50.51%), new fertilizers and phosphate fertilizers (26.01%), sulfur-based compound fertilizers (20.29%), and other services (3.19%) [1] Group 2: Shareholder Information - The top circulating shareholder of Stanley is a fund under GF Fund Management, specifically the GF Steady Growth Mixed A fund, which reduced its holdings by 9.038 million shares in the third quarter, now holding 18.9696 million shares, representing 2.21% of circulating shares [2] - The GF Steady Growth Mixed A fund has a total scale of 10.166 billion yuan and has achieved a year-to-date return of 13.1% [2] Group 3: Fund Manager Performance - The fund manager of GF Steady Growth Mixed A, Fu Youxing, has a tenure of 12 years and 332 days, with a best fund return of 167.99% during his management [3] - The other fund manager, Zhou Zhishuo, has a tenure of 5 years and 105 days, with a best fund return of 47.06% [3] Group 4: Fund Holdings - Another fund under GF Fund Management, GF Ju Bao Mixed A, holds 296,800 shares of Stanley, accounting for 1.52% of the fund's net value, ranking as the fifth-largest holding [4] - GF Ju Bao Mixed A has a total scale of 87.9884 million yuan and has achieved a year-to-date return of 7.11% [4]

截至2025年12月21日，北交所挂牌公司共286家，总股本396.11亿股，流通股本252.03亿股。 从成交量上来看，上周（12月15日-12月21日），北交所周成交量为49.63亿股，环比增长15.91%；周成交金额为1131.55亿元，环比上周增长15.96%。 | 项目 | 本周 | 比上周增减(%) | | --- | --- | --- | | 成交数量(亿股) | 49.63 | 15.91% | | 成交金额(亿元) | 1131.55 | 15.96% | | 成交均价(元) | 22.80 | 0.04% | 上周（12月15日-12月21日），北证50指数周跌0.13%至1445.84点。北证50成分股中，25只上涨，0只平盘，25只下跌。 其中，天力复合（920576）涨幅居首，上涨41.42%，云星宇（920806）居次，上涨10.94%。锦波生物（920982）跌幅居首，下跌8.54%，曙光数创 （920808）居次，下跌5.63%。 江苏省精创电气股份有限公司 新股发行方面，12月15日-12月21日，北交所有1家开启申购、2家公司上市申请获受理、2家公司上市委会议通过、1家公 ...

甲烷在释放到大气后的20年内，增温效应是二氧化碳的80倍以上，而氧化亚氮在百年尺度全球增温 潜势上，更是二氧化碳的273倍，在大气中可留存109年。减少甲烷和氧化亚氮的排放，对减缓全球变暖 具有关键性作用。 日前，在巴西贝伦《联合国气候变化框架公约》第30次缔约方大会（COP30）中国角，"非二氧化碳温 室气体协同治理"主题边会成功举办。 近年来，非二氧化碳温室气体（以下简称"非二温室气体"）排放逐渐成为应对气候变化和环境治理的新 焦点。 全经济范围内温室气体范畴广泛且复杂，不仅限于传统认知中的二氧化碳，还涵盖了如甲烷、氧化亚 氮、氢氟碳化物等6种气体。 农业是甲烷和氧化亚氮等非二温室气体的主要排放源。"有效管控农业领域的甲烷、氧化亚氮排放，对 我国整体控制非二温室气体尤为重要。"国家应对气候变化战略研究和国际合作中心首席科学家徐华清 说。 我国非二温室气体减排成效显著 甲烷和氧化亚氮分别位列全球第二和第三大温室气体，甲烷在释放到大气后的20年内，增温效应是二氧 化碳的80倍以上，而氧化亚氮在百年尺度全球增温潜势上，更是二氧化碳的273倍，在大气中可留存109 年。减少甲烷和氧化亚氮的排放，对减缓全球变暖具有 ...

Core Viewpoint - Five companies are set to present their IPO applications, with the highest fundraising target being 3.981 billion yuan by Zhenstone Co., Ltd. [1] Group 1: Upcoming IPOs - Zhenstone Co., Ltd. aims to raise 3.981 billion yuan for projects including the construction of a fiberglass product production base and a composite materials production base [1][2] - Strong One Co., Ltd. plans to raise 1.5 billion yuan, while Hengyun Chang intends to raise 1.469 billion yuan [1] - The geographical distribution of the companies includes two from Jiangsu Province, and one each from Shandong, Zhejiang, and Guangdong Provinces [1] Group 2: Company Profiles - Zhenstone Co., Ltd. specializes in the research, production, and sales of fiber-reinforced materials in the clean energy sector [2] - Strong One Co., Ltd. is one of the few domestic manufacturers with the capability to design and mass-produce MEMS probe cards [3] - Hengyun Chang focuses on the development and production of plasma radio frequency power systems and related devices [3] - Tongbao Optoelectronics is engaged in the design, research, production, and sales of automotive LED modules and lights [4] - Nongda Technology specializes in the research, production, and sales of new fertilizers and their intermediates [4]

Core Viewpoint - The IPO application of Shandong Agricultural University Fertilizer Technology Co., Ltd. (referred to as "Agricultural Technology") is facing significant scrutiny due to declining revenues, questionable expansion plans, substantial dividends alongside fundraising, and complex related-party transactions [1][3][9]. Group 1: Revenue and Performance - Agricultural Technology has experienced a continuous decline in revenue over three years, dropping from 2.676 billion yuan in 2022 to 2.363 billion yuan in 2024, with a compound annual growth rate of -6.02% [6]. - The company's order backlog has also decreased significantly, from 629 million yuan in 2022 to 332 million yuan in 2024, indicating a nearly 50% reduction [6]. - The production capacity utilization rate is low, at only 56.63% in 2024, with production volume decreasing from 865,300 tons in 2023 to 798,000 tons in 2024 [7][8]. Group 2: Financial Health - The gross profit margin has fluctuated, increasing from 13.27% in 2022 to 18.83% in 2024, primarily due to falling raw material prices rather than improved product competitiveness [10]. - Accounts receivable have risen from 320 million yuan in 2022 to 387 million yuan in the first half of 2025, with a dramatic drop in collection rate from 78.58% to 27.16%, indicating potential bad debt risks [11][13]. Group 3: Debt and Liquidity - The company's interest-bearing debt has decreased from 284 million yuan in 2022 to 139.5 million yuan in the first half of 2025, but this reduction is juxtaposed with significant cash dividends of 180 million yuan in 2022, raising concerns about financial management [14][16]. - The current ratio stands at 1.5, and the quick ratio is just above 1, suggesting liquidity issues compared to industry averages [17]. Group 4: Governance and Related Transactions - The company is controlled by a family structure, with the actual controller holding 76.10% of the shares, leading to potential governance concerns [19]. - Related-party transactions have raised eyebrows, particularly the procurement of testing services from a related entity at prices exceeding market rates by 13.75% and 25.36% in 2022 and 2023, respectively [21][24]. Group 5: Asset Integrity and Compliance Risks - Agricultural Technology owns 18 properties without certificates, totaling approximately 7,532.89 square meters, which could face legal challenges if deemed illegal constructions [26][28]. - The existence of these unregistered properties poses risks of administrative penalties and operational disruptions [28]. Group 6: IPO Journey and Market Perception - The company has faced a tumultuous path to IPO, initially planning to list on the Shanghai Stock Exchange before switching to the Beijing Stock Exchange, with multiple audit interruptions along the way [29][32]. - The upcoming IPO review will likely focus on the company's declining revenue, expansion plans amidst industry overcapacity, substantial dividends, governance issues, and the implications of unregistered properties [33].

IPO Review and Registration Progress - Five companies passed the IPO review last week, including ZhiXin Co. and Shaanxi Tourism, marking the first cultural tourism IPO approval in five years [3][4] - Shaanxi Tourism's IPO aims to raise 1.555 billion yuan for projects like cableway upgrades and performance expansion, with major revenue sources from its performance "Chang Hen Ge" and cableway business [3] - ZhiXin Co. focuses on automotive welding parts and related molds, with concerns raised about market competition and revenue sustainability [4] - Three companies, including QiLong Ocean and HaiSheng Medical, passed the review at the Beijing Stock Exchange, with inquiries focused on financial information authenticity and customer stability [5] Upcoming IPOs - Four companies are set to undergo IPO reviews this week, including QiangYi Co. and HengYunChang, with QiangYi aiming to raise 1.5 billion yuan for semiconductor probe card projects [6] - Financial data for QiangYi shows steady revenue growth from 254 million yuan in 2022 to an estimated 647 million yuan in 2025, but highlights high customer concentration risks [6][7] - HengYunChang plans to raise 1.469 billion yuan, but anticipates a revenue decline in 2025 due to increased R&D expenses and capacity expansion costs [7] New Stock Listings - Five new stocks were listed last week, with DanNa Bio experiencing a significant increase of 497.08% on its first day [14][15] - Other notable listings include FengBei Bio and DaMing Electronics, with respective first-day gains of 172.6% and 413.55% [14][15] - This week, two new stocks are scheduled for subscription, including NanTe Technology, which aims to raise funds for precision mechanical components [16][17] IPO Applications and Terminations - Two IPO applications were accepted last week, including JiaDeLi and Core Medical, with JiaDeLi seeking to raise 725 million yuan for a new materials production base [10][11] - Core Medical has developed several artificial heart products but has yet to achieve profitability, with significant losses reported [11][12] - Two IPO applications were terminated, including HaiChuang Optoelectronics and JianNeng Technology, due to voluntary withdrawal [13]

IPO Review and Registration Progress - Five companies passed the IPO review last week, including ZhiXin Co. and Shaanxi Tourism, marking the first cultural tourism IPO approval in A-shares in five years [2][3] - Shaanxi Tourism's IPO aims to raise 1.555 billion yuan for projects like cableway upgrades and performance expansion, with its main revenue sources being tourism performances and cableway operations [2] - ZhiXin Co. focuses on automotive stamping parts and related molds, with the review committee expressing concerns about market competition and revenue sustainability [3] New IPO Applications and Terminations - Two IPO applications were accepted last week, including JiaDeLi and Core Medical, with JiaDeLi aiming to raise 725 million yuan for a new production base [9][10] - Two IPO applications were terminated, including HaiChuang Optoelectronics and JianNeng Technology, due to voluntary withdrawal and status change respectively [12] New Stock Listings and Subscription Dynamics - Five new stocks were listed last week, with DanNa Bio experiencing a significant increase of nearly 500% on its first trading day [13] - This week, two new stocks are scheduled for subscription, including NanTe Technology and HaiAn Group, with NanTe aiming for a price of 8.66 yuan per share [15]

Core Insights - This week (November 10-14), four companies are scheduled for IPO meetings, with two aiming for the Sci-Tech Innovation Board and two for the Beijing Stock Exchange [1][2] Group 1: Companies and Their IPO Plans - Strong One Co., Ltd. plans to raise 1.5 billion yuan, focusing on the development and production of probe cards and related projects [1][2] - Hengyun Chang intends to raise 1.469 billion yuan, specializing in plasma radio frequency power systems and related technologies [1][2] - Nongda Technology aims to raise 413 million yuan, focusing on the research and production of new fertilizers [1][4] - Tongbao Optoelectronics plans to raise 330 million yuan, engaged in the design and production of automotive LED modules and lights [1][3] Group 2: Regional Distribution - Among the four companies, two are from Jiangsu Province, while one each is from Shandong and Guangdong Provinces [1]

Summary of Key Points Core Viewpoint The upcoming week (November 10-14) will see the IPO review of four companies aiming to raise a total of 3.669 billion yuan, with some companies adjusting their fundraising targets downward. IPO Review - Four companies are scheduled for IPO review, with a total fundraising target of 3.669 billion yuan [1] - Companies include: - Qiangyi Semiconductor, aiming to raise 1.5 billion yuan [2] - Tongbao Optoelectronics, aiming to raise 330 million yuan [2] - Hengyun Crystal, aiming to raise 1.469 billion yuan after a reduction from 1.55 billion yuan [2][4] - Nongda Technology, aiming to raise 413 million yuan after a reduction from 552 million yuan [4] Fundraising Plans - Hengyun Crystal's fundraising plan includes projects such as: - Semiconductor RF power system industrialization project with a total investment of 1.657 billion yuan, using 1.4 billion yuan from the raised funds [20] - Core component production base for semiconductor and vacuum equipment with a total investment of 6.969 billion yuan, using 6.9 billion yuan from the raised funds [20] - Nongda Technology's projects include: - Production line for 150,000 tons of micro-ecological agents, which was removed from the revised plan [4][21] Company Performance - Qiangyi Semiconductor reported: - Total assets of 1.482 billion yuan as of June 30, 2025 [10] - Net profit of 137.884 million yuan for the first half of 2025 [10] - Revenue of 374.402 million yuan for the first half of 2025 [10] - Tongbao Optoelectronics reported: - Total assets of approximately 1.069 billion yuan as of June 30, 2025 [15] - Net profit of approximately 33.45 million yuan for the first half of 2025 [15] Upcoming Refinance - One company, Huafeng Measurement and Control, is set for a refinancing review, aiming to raise 1 billion yuan through a public convertible bond [6][26]