Core Viewpoint - Changshu Automotive Trim's stock price surged by 7.94% following the announcement of a strategic partnership with Brighter Signals B.V. to develop next-generation tactile sensing technology for automotive and robotics applications [1][3]. Company Overview - Changshu Automotive Trim specializes in the research, production, and sales of automotive interior assembly products, including door inner trim assemblies, instrument panel assemblies, and other components [4]. Strategic Partnership - The partnership with Brighter Signals B.V. involves Changshu Automotive Trim taking responsibility for the mass production of BS's patented fabric sensors in its Chinese factory, with plans to expand production to Europe by 2026 [3]. - The collaboration aims to integrate BS's sensors into automotive seating and interior systems, working alongside other tier-one suppliers to create intelligent solutions [3]. Technology Insights - BS's core technology is a multifunctional tactile sensing system based on fabric, capable of monitoring pressure, weight, proximity, motion, and position, while distinguishing between human and object interactions [3]. - Compared to traditional sensors, the fabric sensors are lightweight, recyclable, and sustainably produced, maintaining high sensitivity and stability in complex environments [3]. Financial Performance - In the first half of 2025, Changshu Automotive Trim reported revenue of 2.781 billion yuan, a year-on-year increase of 17.18%, while net profit attributable to shareholders was 216 million yuan, a decline of 15.63% [4]. - The sales of new energy products accounted for 51.15% of total sales, reflecting an increase of 18.65 percentage points year-on-year [4].

IPO Pipeline Overview - As of July 27, there are 305 companies in the IPO pipeline, with 30 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 26 on the Shenzhen Main Board, 30 on the Growth Enterprise Market, and 183 on the Beijing Stock Exchange [2] - The total number of companies at various stages includes 24 accepted, 223 under inquiry, 12 approved, 27 suspended, and 19 registered [3] Newly Listed Companies - During the period from July 21 to July 27, two companies were newly listed: Shandong Shanda Electric Power Technology Co., Ltd. on the Growth Enterprise Market and Jiyuan Group Co., Ltd. on the Shanghai Main Board [4] - Shandong Shanda Electric Power Technology Co., Ltd. closed at 66.85 CNY per share, with a surge of 356.00% and a trading volume of 22.22 billion CNY, achieving a turnover rate of 82.61% [4][6] - Jiyuan Group Co., Ltd. closed at 40.75 CNY per share, with an increase of 274.54% and a trading volume of 13.72 billion CNY, achieving a turnover rate of 80.75% [6] New Counseling Record Companies - Six companies were newly recorded for counseling from July 21 to July 27, including Guangde Tianyun New Technology Co., Ltd. and Beijing Yingshirui Technology Co., Ltd. [7] - Guangde Tianyun New Technology Co., Ltd. focuses on the development, production, and sales of automotive sunroofs and interior components [8] - Beijing Yingshirui Technology Co., Ltd. integrates advanced cloud computing and AI technologies to provide digital service solutions for environmental monitoring [8] CSRC Review Status - Qingdao Taikaiying Special Tire Co., Ltd. successfully passed the review, while Xiamen Hengkang New Materials Technology Co., Ltd. was postponed [10] - Qingdao Taikaiying specializes in the design, research, sales, and service of tires for the mining and construction industries [12] CSRC Registration Approval - Three companies received registration approval from July 21 to July 27: Ningbo Nengzhiguang New Materials Technology Co., Ltd., Shanghai Balanshi Automotive Testing Equipment Co., Ltd., and Beijing Haochuang Ruitong Electric Equipment Co., Ltd. [14] - Ningbo Nengzhiguang focuses on the research, production, and sales of polymer additives and functional polymer materials [16] - Shanghai Balanshi specializes in automotive maintenance and testing equipment [17] Termination of Review - No companies withdrew from the review process during the period from July 21 to July 27 [20]