1月30日新股申购(共2只) 电科蓝天(科创板,688818) | 申购代码 | 688818 | 所属 | | --- | --- | --- | | 发行价格 | 9. 47 | 顶格申购; | | 总市值 | 148亿 | 总股 | | 发行市盈率 | 56. 79 | 行业平均 | | 同业可比公司 | 天奥电子 同业公司 动态市盈率 | 46 | | | 新雷能 | -13 | | | 航天电子 | 32: | | | 宇航电源:74.13%; | | | 主营构成 | 特种电源:5.18%; | | | | 新能源应用及服务:20.69% | | | | 1、公司前身由中国电科十八所设立,中国电科为实 | | | | 申源业务,是电科旗下电能源产业国家队。 | | | | 2、背靠中国电科,为国内宇航电源领域绝对龙头, | | | 业务及亮点 | 领域覆盖深海至深空,2025H1字航电源收入占比超7 | | | | 3、持续提升宇航电源电能转换效率,34.4%转化效率 | | | | 日空出在轴延沉 目时左目田太申谢 甜蜜了中洲冬 | | | | ロ元/X1L MWL, 円切 N 円 W H M ...

中电科蓝天科技股份有限公司董事长、党委书记郑宏宇女士 ——中电科蓝天科技股份有限公司首次公开发行股票并在科创板上市网上投资者交流会精彩回放 出席嘉宾 中电科蓝天科技股份有限公司总经理朱立宏先生 中电科蓝天科技股份有限公司总会计师、财务负责人张汇军先生 中电科蓝天科技股份有限公司董事会秘书王祎先生 中信建投证券股份有限公司项目负责人张恒征先生 中信建投证券股份有限公司保荐代表人郝智伟先生 中信建投证券股份有限公司保荐代表人李诗昀女士 中电科蓝天科技股份有限公司 董事长、党委书记郑宏宇女士致辞 尊敬的各位投资者、各位网友： 大家好！ 今天，我们怀着无比诚挚的心情，相聚在网上路演平台，与各位投资者和网友深入交流。首先，我谨代 表公司全体员工，向长期以来关心、支持电科蓝天发展的各级领导、合作伙伴、投资者及社会各界朋 友，表示最衷心的感谢！向参与本次网上路演的各位嘉宾和朋友，致以最热烈的欢迎！ 电科蓝天坚持以"先进电源服务国家，绿色能源造福人类"为宗旨，以"引领电能源技术及产业发展"为主 责，在电能源领域深耕数十年，致力于成为先进电能源系统解决方案和核心产品的供应商。公司主要从 事电能源产品及系统的研发、生产、销售及服 ...

根据目前的发行安排，下周将有3只新股申购，包括2只科创板新股、1只沪市主板新股。 日程安排上，科创板新股北芯生命将在周一（1月26日）申购，沪市主板新股林平发展、科创板新股电 科蓝天将在周五（1月30日）申购。 | | | 下周新股申购安排 | | | | --- | --- | --- | --- | --- | | 日期 | 新股 | 发行价/股 | 发行市盈率 | 上市板 | | 周一 (1月26日) | 北芯生命 (申购代码: 787712) | 17.52元 | | 科创板 | | 思 版 (1月30日) | 林平发展 (申购代码: 732284) | 待定 | | 沪市主板 | | | 电科蓝天 (申购代码: 787818) | 待定 | | 科创板 | 北芯生命是国内领先的心血管精准诊疗创新医疗器械企业。 北芯生命的发行价为17.52元/股，公司本次公开发行股票数量为5700万股，网上发行申购上限为9000 股，顶格申购需配沪市市值9万元。 北芯生命是一家专注于心血管疾病精准诊疗创新医疗器械研发、生产与销售的高新技术企业，致力于为 心血管疾病诊疗提供变革性精准解决方案。北芯生命以科创板第五套标准 ...

长沙晚报掌上长沙1月25日讯（全媒体记者 刘军）根据相关安排，下周A股市场有3只新股可申购，分别 是沪市主板的林平发展，科创板的北芯生命与电科蓝天。其中，北芯生命周一申购，林平发展与电科蓝 天周五申购。 北芯生命是一家专注于心血管疾病精准诊疗创新医疗器械研发、生产和销售的国家高新技术企业，致力 于开发为心血管疾病诊疗带来变革的精准解决方案。公司核心产品血管内超声（IVUS）诊断系统为中 国首个获国家药监局批准的自主创新60MHz高清高速国产IVUS产品，核心产品血流储备分数（FFR） 测量系统为金标准FFR领域内中国首个获国家药监局批准的国产产品。据招股意向书，北芯生命计划公 开发行5700万股，拟募集资金9.52亿元用于介入类医疗器械产业化基地建设、介入类医疗器械研发、补 充流动资金。 北芯生命本次发行价格17.52元/股。业绩方面，公司预计2025年度营收为5.2亿元至5.6亿元，同比增长 64.24%至76.88%；预计归母净利润为7800万元至8800万元，同比增长278.91%至301.85%。 电科蓝天当前共有3大产品业务线，分别是宇航电源、特种电源、新能源应用及服务。公司表示，未来 将继续专注于 ...

招股书显示，本次募投项目围绕公司的主营业务展开，聚焦国家战略和重大需求，将扩大公司宇航电源业务产能、加速建设宇航电源系统产业化平台、不断 提升公司科技创新水平，进一步完善产业链和产品结构并拓展公司发展空间，增强公司盈利能力，提升公司整体竞争力。 通过本次上市及募投项目的实施，电科蓝天将加速建设宇航电源系统产业化平台，扩大生产规模、抢占增量市场，拓展公司发展空间，增强公司盈利能力， 提升公司整体竞争力。公司将以本次首发上市为契机，凝心聚力，高举电能源产业旗帜，准确把握行业发展机遇，深化与地方务实合作，充分发挥电能源全 产业链的优势，打通电能源创新链、产业链的"堵点"，全面构建主业核心竞争力，担负起强国兴军使命。 据招股书，电科蓝天主要从事电能源产品及系统的研发、生产、销售及服务，拥有发电、储能、控制和系统集成全套解决方案，产品应用领域实现深海（水 下1公里）至深空（距地球2.25亿公里）广泛覆盖。 公司表示，未来将继续专注于电能源领域，聚焦国家所需、行业所趋、公司所能，坚持核心技术安全可控，推进核心业务体系协同式发展，加大科技创新投 入，实现产业发展新突破，力争成为电能源领域创新型世界一流企业。关于本次发行募集 ...

报告期内，宇航电源收入在公司主营业务收入中的占比分别为53.96%、48.23%、63.42%和74.13%，宇 航电源毛利在公司主营业务毛利中的占比分别为72.53%、80.17%、81.24%和89.91%，系公司的主要业 绩来源。 2025年度，发行人预计实现营业收入较上年增长0.35%至9.85%，主要系受益于我国航天事业尤其是商 业航天市场的快速发展，公司宇航电源业务规模持续提升所致。预计实现归属于母公司所有者的净利润 较上年同期变动比例为-3.18%至6.81%，扣除非经常性损益后归属于母公司所有者的净利润较上年同期 变动比例为-2.80%至7.14%，盈利水平有所波动，主要系一方面在传统航天领域下游需求以承担国家航 天工作任务为主，年度盈利情况会受当期承担特定客户国家航天工程项目的影响而有所波动;另一方面 发行人商业航天领域收入规模增加，商业航天领域产品的规模效应尚未完全体现，盈利能力仍处于较低 水平。 本次募集资金在扣除发行费用后，将投资于宇航电源系统产业化(一期)建设项目，拟使用募集资金15亿 元。 智通财经APP讯，电科蓝天(688818.SH)发布首次公开发行股票并在科创板上市招股意向书 ...

Core Viewpoint - The article highlights the emergence of China Electronics Technology Blue Sky Technology Co., Ltd. (referred to as "Electric Blue Sky") as a key player in the electric energy sector, emphasizing its role as an "invisible champion" in critical national fields and its recent registration on the Sci-Tech Innovation Board, marking a significant step towards capitalizing the company and reflecting China's strategic planning in high-end equipment manufacturing, aerospace, and energy security [1]. Group 1: Company Overview - Electric Blue Sky has focused on the electric energy field for decades, developing comprehensive solutions for power generation, energy storage, control, and system integration, with products covering from deep sea (1000 meters underwater) to deep space (2.25 million kilometers from Earth) [1]. - As a leading supplier in the aerospace power sector, Electric Blue Sky has a market coverage of approximately 50.5% in China, providing power systems for 144 spacecraft in 2024, according to BryceTech [2]. Group 2: Research and Development - The company maintains a high level of R&D investment, with expenses of 160 million yuan, 230 million yuan, 200 million yuan, and 82.87 million yuan over the past four years, representing 6.46%, 6.52%, 6.40%, and 7.44% of its revenue respectively, indicating stable R&D expenditure [3]. - Over the last three years, the cumulative R&D expenditure reached 590 million yuan, accounting for 6.47% of total revenue, with a compound annual growth rate of 10.86%, supporting continuous technological breakthroughs and product upgrades [3]. Group 3: Future Outlook - Electric Blue Sky aims to continue focusing on commercial aerospace and renewable energy industries, increasing technological innovation and talent development, while ensuring the autonomy of key industrial chains [4]. - The company is committed to becoming an internationally influential innovative technology enterprise in the electric energy sector, with a mission to lead the development of electric energy technology and contribute to the construction of a strong aerospace nation and energy transition [4].

Core Viewpoint - The IPO review process in China is accelerating, with a significant increase in the number of companies scheduled for meetings, indicating a robust market environment for new listings in 2023 [1][6][7]. Group 1: Upcoming IPOs - Six companies, including Electric Science Blue Sky and Shangshui Intelligent, are scheduled for IPO meetings from December 15 to 19, marking the second-highest number of companies in a single week this year [2][11]. - The total number of companies scheduled for IPO meetings in 2023 will exceed 100, reaching 102, with a total of 105 review meetings [6][15]. - Electric Science Blue Sky aims to raise approximately 1.5 billion yuan, while Shangshui Intelligent plans to raise about 587 million yuan [3][12]. Group 2: Approval Rates and Market Trends - The approval rate for IPOs this year stands at approximately 94.95%, with 94 out of 99 review meetings resulting in approval [6][15]. - Compared to last year, the number of companies scheduled for IPO meetings has significantly increased from 57 to 102 [7][15]. - As of now, 67 out of 94 approved companies have received registration approval from the China Securities Regulatory Commission, with 47 successfully listed on the A-share market [7][16]. Group 3: Financial Performance of IPO Candidates - Among the 102 companies scheduled for IPO meetings, 96 have disclosed financial data for the first three quarters of 2025, with 90 reporting profits [8][17]. - Of these, 46 companies achieved a net profit exceeding 100 million yuan, accounting for approximately 47.92% of the total [8][17]. - The leading profit earner is Zhongce Rubber, with a net profit of about 3.513 billion yuan for the first three quarters [8][17]. Group 4: Industry Insights - The majority of the upcoming IPO companies belong to the manufacturing sector, reflecting a focus on innovation and support for small and medium-sized enterprises [5][14][17]. - The North Exchange leads in the number of IPO candidates, with 46 companies scheduled for meetings, indicating strong governmental support for innovative enterprises [17].

Core Viewpoint - The IPO review process in China is accelerating, with a significant increase in the number of companies scheduled for meetings, indicating a robust market environment for new listings in 2023 [1][6][7]. Group 1: Upcoming IPOs - Six companies, including Electric Science Blue Sky and Shangshui Intelligent, are scheduled for IPO meetings from December 15 to 19, 2023, marking the second-highest number of companies in a single week this year [3][4]. - The total number of companies scheduled for IPO meetings in 2023 will exceed 100, reaching 102, with a total of 105 review meetings [6][7]. - The companies scheduled for meetings this week are primarily from the manufacturing sector, reflecting a focus on industrial growth [5]. Group 2: Performance Metrics - As of now, 96 companies have been scheduled for IPO meetings, with a passing rate of approximately 94.95%, as 94 out of 99 meetings resulted in approvals [6][7]. - Among the 102 companies scheduled for meetings, 90 have reported profitability, with 46 companies achieving net profits exceeding 100 million yuan in the first three quarters of 2025 [8][9]. - The leading company in terms of net profit is Zhongce Rubber, with approximately 3.513 billion yuan, followed by China Uranium and Marco Polo, with net profits of around 1.2 billion yuan and 1.062 billion yuan, respectively [8][9]. Group 3: Market Trends - The number of companies scheduled for IPO meetings in 2023 has significantly increased compared to 2022, where only 57 companies were arranged for meetings [7]. - The trend indicates a shift towards prioritizing quality over quantity in the IPO market, with expectations for continued growth in the North Exchange and a gradual acceleration in the Shanghai and Shenzhen exchanges [9].

Core Viewpoint - The article discusses the significant role of China Electronics Technology Group Corporation's subsidiary, China Electronics Technology Blue Sky Technology Co., Ltd. (referred to as "Blue Sky"), in the aerospace power supply market, highlighting its market coverage exceeding 50% and its involvement in major national space projects [3][5][12]. Group 1: Company Overview - Blue Sky was established in 1992 and is a key player in the aerospace power supply sector, operating under the China Electronics Technology Group Corporation [5]. - The company is structured into three main business segments: aerospace power, special power, and renewable energy applications and services [7]. - Blue Sky has participated in the power supply systems for over 700 spacecraft, making it a core supplier in the aerospace power sector [12]. Group 2: Business Performance - The aerospace power segment is the largest revenue source for Blue Sky, projected to generate 1.915 billion yuan in revenue for 2024, accounting for over 60% of total income [10]. - Revenue from the aerospace power business has grown from 1.345 billion yuan in 2022 to 1.915 billion yuan in 2024 [21]. - The company has faced challenges with high customer concentration, with the top five customers accounting for over 70% of revenue since 2022, and even exceeding 80% in the first half of 2025 [23]. Group 3: Market Trends - The commercial aerospace market in China is experiencing explosive growth, with a projected demand for satellite power systems reaching approximately 40 billion yuan due to the construction of large satellite constellations [13][17]. - The domestic aerospace power market is expected to exceed 5 billion yuan by 2025, driven by the rapid development of China's space industry [17]. Group 4: Financial Metrics - In the first half of 2025, Blue Sky's total revenue was approximately 982 million yuan, with the aerospace power segment contributing 728 million yuan [21]. - The company's net profit for 2024 was 338 million yuan, reflecting a 78% year-on-year increase despite a revenue decline of 11% [28].