道生天合今日开启申购，公司此次发行总数为13188.00万股，其中网上发行2769.45万股，申购代码 780026，申购价格5.98元 ，发行市盈率为29.05倍，单一账户申购上限为2.75万股，申购数量为500股的 整数倍。 公司是一家致力于新材料的研发、生产和销售的国家级高新技术企业。 年产7.8万吨新能源及动力电池用等高端胶粘剂、高性能复合材料树脂系统项目 61497.20 偿还银行贷款及补充流动资金 18502.80 主要财务指标 | 财务指标/时间 | 2024年 | 2023年 | 2022年 | | --- | --- | --- | --- | | 总资产（亿元） | 38.79 | 35.16 | 37.58 | | 净资产（亿元） | 18.01 | 16.39 | 15.33 | | 营业收入（亿元） | 32.38 | 32.02 | 34.36 | | 净利润（亿元） | 1.55 | 1.55 | 1.10 | | 资本公积（亿元） | 8.2652 | 8.1963 | 8.0791 | | 未分配利润（亿元） | 3.5939 | 2.1540 | 1.3688 | | 基本 ...

| | 企业。 | | | --- | --- | --- | | | 3、公司的新能源汽车及工业胶粘剂业务发展较快 团、吉利集团、泰科电子、蜂巢能源、国轩高科、 | | | | 等终端客户。 | | | | 32.38 亿元(2024年,+1.13%) | 近三年归母 | | 近三年营收 | 32.02 亿元 (2023年, -6.81%) | 净利润及业 | | | 34.36 亿元 (2022年, +9.89%) | 绩预告 | | 募资投向 | 年产5.6万吨新能源及动力电池用等高端胶粘剂、 | | | | 还银行贷款 | | *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 9月29日新股申购 (共1只) 道生天合(沪市主板,6010 | | と二人目（アルエツ、6010 | | --- | --- | | 申购代码 | 780026 | | 发行价格 | 5.98元 顶格 | | 总市值 | 31.55亿 | | 发行市盈率 | 29.05 行」 | | | 康达新材 同业公司 | | 同业可比公司 | 动态市盈率 | | | 惠柏新材 | | | 风电叶片用环氧树 ...

Group 1 - The core viewpoint of the article is that three companies are set to present their IPO applications to the listing committees of different stock exchanges in China, with varying fundraising amounts and industry focuses [1][2][3][4]. Group 2 - Daoshengtianhe plans to list on the Shanghai Main Board, aiming to raise 694 million yuan for projects related to high-end adhesives and composite resin systems, as well as to repay bank loans and supplement working capital [1][2]. - Haocreative Technology intends to list on the ChiNext Board, with a fundraising target of 477 million yuan, focusing on smart distribution equipment and digital solutions for distribution networks [1][3]. - Nengzhiguang is preparing for an IPO on the Beijing Stock Exchange, seeking to raise 160 million yuan, specializing in the research, production, and sales of chemically modified functional polymers [1][4].

Core Viewpoint - Daoshengtianhe Materials Technology (Shanghai) Co., Ltd. is preparing for its IPO on the Shanghai Stock Exchange, focusing on the development, production, and sales of new materials, particularly high-performance thermosetting resin materials used in various industries including wind energy and new energy vehicles [1][11]. Group 1: Company Overview - Daoshengtianhe specializes in the research, production, and sales of new materials, with products including epoxy resins, polyurethanes, acrylics, and organosilicon materials [1]. - The company has three main product lines: materials for wind turbine blades, new composite resin materials, and adhesives for new energy vehicles and industrial applications [1]. - The company is controlled by a couple, Ji Gang and Zhang Ting, who hold over 60% of the shares, raising concerns about potential improper control [3][5]. Group 2: Financial Information - The company plans to raise approximately 1.35 billion yuan to repay debts, despite having distributed 2.5 billion yuan in dividends in recent years [11][17]. - The IPO aims to issue no less than 58.62 million shares, with a total fundraising target of 693.55 million yuan for projects and debt repayment [11]. - Recent financial performance shows significant revenue fluctuations, with total revenues of 3.33 billion yuan in 2020, 3.13 billion yuan in 2021, and 3.43 billion yuan in 2022 [19]. Group 3: Market Position and Risks - The company has a high customer concentration, with the top five customers accounting for approximately 68% of total sales in recent years [19][20]. - Supplier concentration is also notable, with the top five suppliers representing around 50% of total purchases [21]. - The company has experienced a decline in gross margins, with rates dropping from 33.39% in 2022 to 27.76% in 2024 [16]. Group 4: Production Capacity and Utilization - Daoshengtianhe's production capacity for new energy vehicle adhesives is projected to reach 11,600 tons per year by 2024, with utilization rates increasing significantly [14][15]. - The company has faced challenges in capacity digestion, as the new production capacity is several times greater than existing levels [14]. Group 5: Governance and Control - The company has undergone frequent share transfers since its restructuring in 2020, raising questions about the fairness of these transactions [10][11]. - There have been instances of performance-based agreements with investors, although most have been terminated without adverse effects on the company [10][11].