11月14日，国内UV光固化材料领域传来重磅消息——广东昊辉新材料股份有限公司正式向广东证监局提交上市辅导备案报告，开启资本化进程。 据悉，该公司已选定东莞证券作为辅导机构，标志着这家深耕特种聚合物领域十余年的"小巨人"企业正式向资本市场迈进。 | 辅导 对 象 广东昊辉新材料股份有限公司 | | | | | | --- | --- | --- | --- | --- | | 成立日期 | | 2009 年 12月 29 日 | | | | 注册资本 | | 5,600.00 万元 | 法定代表人 | 郭常州 | | 注册地址 | | 广东省东莞市松山湖园区状元路 5 号 8 栋 301 室 | | | | 控 股 股 东 及持股比 | 广东昊辉实业有限公司/持股比例 71.4286% | | | | | 例 | | | | | | 行业分类 | | C26 化学原料和化学制品 | 在其他交易场 所(申请) 挂 | 元 | | | | 制造业 况 | 牌或上市的情 | | | 备 注 | | 元 | | | 据了解，该项目建筑面积12000平方米，占地面积12000平方米，主要是扩产有机硅胶项目、PVC胶项目 ...

近期，无锡创达新材料股份有限公司（下称"创达新材"）收到了北交所下发的第二轮问询函。创达新材主营高性能热固性 复合材料的研发、生产和销售，目前正在北交所IPO，拟公开发行不超过1232.93万股，募集资金3亿元，用于年产12000吨半导 体封装用关键配套材料生产线建设、研发中心项目以及补充流动资金。 尽管公司近年来业绩保持增长，但其"含金量"却不太稳定。公司净利润增幅变化大，且应收账款高企。IPO受理之前，公 司已连续三年半现金分红5400万元，这次又欲募6300万元补流。 应收账款高企 公司主营业务为高性能热固性复合材料的研发、生产和销售，目前主要产品包括环氧模塑料、液态环氧封装料、有机硅 胶、酚醛模塑料和导电银胶等电子封装材料，广泛应用于半导体、汽车电子及其他电子电器等领域的封装，同时提供电子行业 洁净室工程领域环氧工程材料及服务。 根据招股书及问询回复材料，报告期内公司应用于半导体领域的产品收入增速高于下游市场增速，但并未分析汽车电子、 电机电器及其他下游市场需求在报告期内的变化情况。 在业绩方面，2022年至2024年，创达新材营业收入逐年上升，分别为3.11亿元、3.45亿元、4.19亿元，但每年都 ...

截至发稿，宜安科技市值为111亿元。 每经头条（nbdtoutiao）——"银行直供房，不计成本卖！"有的半价出售，众多刚需还不知道！银行用 过的房很抢手，有人加价100万元抢拍 每经AI快讯，宜安科技（SZ 300328，收盘价：16.1元）11月13日晚间发布公告称，2025年11月13日， 东莞宜安科技股份有限公司国家重大工业软件攻关项目获得政府补助115.28万元，占公司最近一期经审 计归属于母公司股东的净利润的114.65%。 2024年1至12月份，宜安科技的营业收入构成为：铝合金和镁合金等轻合金精密压铸件占比91.96%，有 机硅胶占比6.16%，其他业务占比1.88%。 （记者 张明双） ...

Company Overview - Hubei Kaitian New Materials Co., Ltd. is located in Xiangyang, Hubei Province, and was established on September 3, 1998. The company was listed on January 8, 2010. Its main business involves the research, development, production, and sales of fine chemical products such as adhesives and automotive brake fluids [2]. Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 3.285 billion yuan, representing a year-on-year growth of 8.49%. The net profit attributable to the parent company was 216 million yuan, with a year-on-year increase of 32.38% [2]. - Since its A-share listing, the company has distributed a total of 871 million yuan in dividends, with 202 million yuan distributed over the past three years [3]. Stock Performance - As of November 12, the company's stock price decreased by 2.01%, trading at 12.19 yuan per share, with a market capitalization of 6.82 billion yuan. The stock has increased by 34.70% year-to-date, but has seen a decline of 3.56% over the last five trading days [1][2]. - The company experienced a net outflow of 465,000 yuan in principal funds, with large orders accounting for 11.09% of purchases and 12.88% of sales [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 37,900, up by 11.09% from the previous period. The average circulating shares per person decreased by 9.98% to 14,372 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the sixth largest, holding 10.5937 million shares, a decrease of 4.1593 million shares from the previous period [3]. Business Segmentation - The company's main business revenue composition includes: organic silicone at 50.98%, polyurethane adhesives at 28.57%, other adhesives at 19.82%, and others at 0.63% [2]. - The company is classified under the Shenwan industry as basic chemicals - chemical products - organic silicone, and is involved in sectors such as photovoltaic glass, solar energy, new materials, lithium batteries, and solid-state batteries [2].

Core Viewpoint - BYD is expanding its adhesive production capacity through a new project in Guangdong, which is expected to enhance its supply chain and reduce reliance on foreign brands [2][3][9]. Group 1: Project Overview - The total investment for the adhesive production project is 74.52 million yuan, with implementation planned from November 2025 to July 2026 [3]. - The project will cover an area of 12,000 square meters and aims to produce 25,000 tons of silicone encapsulant, 10,000 tons of PVC adhesive, and 40,000 tons of polyurethane adhesive annually [3]. Group 2: Company Background - The project is being developed by Shantou BYD Industrial Co., Ltd., a wholly-owned subsidiary of BYD, established in October 2016 with a registered capital of 50 million yuan [4]. - In addition to the adhesive project, this subsidiary is also involved in paint projects [4]. Group 3: Related Projects - In July, the special functional interface materials project by Shantou BYD was completed with an investment of 12.5 million yuan, designed to produce 1,460 tons of insulation powder coatings and special light-curing coatings annually [5]. - A water-based paint project with a total investment of 6 million yuan has also been completed, with an annual production capacity of 4,000 tons for both water-based and fireproof coatings [6]. Group 4: Strategic Investments - In May, BYD became the second-largest shareholder of Chongqing Huahui Coating Co., Ltd., which specializes in automotive coatings [7]. - Huahui's products include original factory coatings for vehicles and have established partnerships with several domestic automakers, enhancing BYD's supply chain [8]. Group 5: Future Plans - BYD plans to invest in a paint research and development center to create higher-performance coatings tailored to its needs [10].

Core Viewpoint - Wuxi Chuangda New Materials Co., Ltd. is undergoing an IPO on the Beijing Stock Exchange, aiming to raise 300 million yuan for the construction of a production line for semiconductor packaging materials, a research center, and to supplement working capital. Despite revenue growth, the company's profitability is inconsistent, with high accounts receivable and significant fluctuations in net profit growth [1][5][8]. Group 1: Business Overview - The company specializes in the research, production, and sales of high-performance thermosetting composite materials, including epoxy molding compounds, liquid epoxy packaging materials, silicone gels, phenolic molding compounds, and conductive silver pastes, primarily used in semiconductor and automotive electronics packaging [4]. - Revenue from the semiconductor sector is expected to grow faster than the downstream market, but the company has not analyzed changes in demand for automotive electronics and other sectors during the reporting period [11] [10]. Group 2: Financial Performance - From 2022 to 2024, the company's revenue is projected to increase from 311 million yuan to 419 million yuan, but over half of the revenue each year is not collected in a timely manner. Accounts receivable and related items accounted for approximately 37.85% of total assets by the end of 2024 [5][6]. - The net profit for the reporting period shows significant volatility, with figures of 22.55 million yuan, 51.37 million yuan, and 61.20 million yuan, reflecting a 127.83% increase in 2023 but only a 19.15% increase in 2024 [8][9]. Group 3: Profitability and Margins - The company's gross profit margin has improved from 24.80% in 2022 to 31.80% in 2024, although there are significant discrepancies in gross margins for the same products sold to different customers [12][13]. - The company has received tax incentives amounting to 12.54 million yuan, 16.36 million yuan, and 17.52 million yuan from 2022 to 2024, which constituted 55.88%, 28.49%, and 25.00% of total profits, respectively [20]. Group 4: Capital Structure and Funding - The company plans to use 63 million yuan of the raised funds to supplement working capital, despite having distributed a total of 54 million yuan in cash dividends over the past three and a half years [17][16]. - As of 2024, the company's asset-liability ratio is only 14.79%, with no long-term or short-term borrowings, and cash reserves of 133 million yuan [18].

Core Viewpoint - Wuxi Chuangda New Materials Co., Ltd. has submitted a second round of inquiry response regarding its public stock issuance and listing application on the Beijing Stock Exchange, highlighting concerns about customer relationships and revenue stability [1][2]. Group 1: Company Overview - Chuangda New Materials was established in 2003 and specializes in the R&D, production, and sales of high-performance thermosetting composite materials, including epoxy molding compounds, liquid epoxy encapsulants, silicone gels, phenolic molding compounds, and conductive silver pastes [1]. Group 2: Customer Relationships - The company has reported that several of its top twenty customers in various fields began cooperation during the reporting period but ceased collaboration in the following year, or showed a declining revenue trend for the first half of 2025 [1][2]. - The company has entered the supplier system of major automotive suppliers such as Aildor, Diamond, and BorgWarner [1]. Group 3: Inquiry from the Beijing Stock Exchange - The Beijing Stock Exchange has requested Chuangda New Materials to explain the reasons and rationality behind the cessation of cooperation with certain customers, as well as to clarify any potential related party relationships or profit arrangements [2]. - The company is required to differentiate its customers across various industry chains, including semiconductors, automotive electronics, and electrical machinery, and to provide details on customer stability and revenue contributions from each segment [2]. Group 4: Revenue and Growth Analysis - Chuangda New Materials must detail the revenue growth from both existing and new customers for each product segment, including the driving factors behind revenue increases from existing clients [2]. - The company is also expected to assess whether its sales growth aligns with the production volumes of new and existing customers, and to evaluate the sustainability of its performance growth and potential risks of revenue decline [2].

Core Insights - On October 16, Hubei Kaitian New Materials Co., Ltd. experienced a stock decline of 2.73%, with a trading volume of 332 million yuan [1] - The company reported a financing buy-in of 48.02 million yuan and a financing repayment of 59.85 million yuan, resulting in a net financing outflow of 11.83 million yuan on the same day [1] - As of October 16, the total balance of margin trading for the company was 459 million yuan, which accounts for 6.99% of its circulating market value, indicating a high level of financing [1] Financing and Margin Trading - The financing buy-in for Hubei Kaitian on October 16 was 48.02 million yuan, with a current financing balance of 459 million yuan, exceeding the 90th percentile level over the past year [1] - In terms of securities lending, there were no shares repaid or sold on October 16, with a lending balance of 0.00 yuan, indicating a low level of short selling activity [1] Company Overview - Hubei Kaitian New Materials Co., Ltd. was established on September 3, 1998, and went public on January 8, 2010 [1] - The company's main business includes the research, development, and production of fine chemical products such as adhesives and automotive brake fluids [1] - The revenue composition of the company is as follows: silicone rubber 50.98%, polyurethane adhesive 28.57%, other adhesives 19.82%, and others 0.63% [1] Financial Performance - As of June 30, the number of shareholders for Hubei Kaitian was 34,100, a decrease of 11.30% from the previous period [2] - The average number of circulating shares per person increased by 12.74% to 15,966 shares [2] - For the first half of 2025, the company achieved a revenue of 2.168 billion yuan, representing a year-on-year growth of 7.72%, and a net profit attributable to shareholders of 143 million yuan, up 4.18% year-on-year [2] Dividend Distribution - Since its A-share listing, Hubei Kaitian has distributed a total of 871 million yuan in dividends, with 202 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, holding 14.75 million shares, an increase of 2.15 million shares from the previous period [3]

截至发稿，宜安科技市值为112亿元。 每经头条（nbdtoutiao）——AI技术滥用调查：明星可被"一键换装"，"擦边"内容成流量密码，技术防 线为何形同虚设？ 每经AI快讯，宜安科技（SZ 300328，收盘价：16.24元）10月13日晚间发布公告称，公司第五届第二十 一次董事会会议于2025年10月10日在公司会议室以现场和通讯方式召开。会议审议了《关于修订 <公司 章程> 的议案》等文件。 2024年1至12月份，宜安科技的营业收入构成为：铝合金和镁合金等轻合金精密压铸件占比91.96%，有 机硅胶占比6.16%，其他业务占比1.88%。 （记者 王晓波） ...

Core Viewpoint - Wuxi Chuangda New Materials Co., Ltd. (Chuangda New Materials) is responding to the first round of inquiries regarding the necessity and rationality of related party transactions, as well as the background and financial implications of its equity transfer involving Wuxi Shaohui Trading Co., Ltd. [1][2] Group 1: Company Overview - Chuangda New Materials was established in 2003 and specializes in the research, production, and sales of high-performance thermosetting composite materials, including epoxy molding compounds and conductive silver paste [1]. - Wuxi Shaohui, previously a wholly-owned subsidiary of Chuangda New Materials, is engaged in the trade of chemical products and raw materials [2]. Group 2: Equity Transfer and Financials - In November 2023, Chuangda New Materials transferred 15.01% of its shares in Wuxi Shaohui, reducing its stake to 4.99%, thus making it an associate company [2]. - The revenue of Wuxi Shaohui for the fiscal years 2022, 2023, and 2024 was reported as 169.12 million, 155.91 million, and 176.27 million respectively, with net profits of 11.04 million, 5.47 million, and 17.42 million [4]. Group 3: Related Party Transactions - Chuangda New Materials has engaged in purchasing transactions with Wuxi Shaohui and its affiliates, with procurement amounts increasing from 5.09 million to 8.46 million over the reporting period [2][3]. - The company clarified that the transactions with Wuxi Shaohui are necessary for its operations, and there are no other third-party suppliers that fulfill the same role [4][5]. Group 4: Control and Ownership Changes - Since April 2014, Chuangda New Materials has gradually reduced its ownership in Wuxi Shaohui, losing control over the company, with ownership percentages changing from 35.09% to 4.99% [5][6]. - The company has confirmed that it has genuinely disposed of its equity in Wuxi Shaohui and does not maintain actual control over it [6].