Core Viewpoint - Del Shares (300473) has responded to the Shenzhen Stock Exchange's inquiry regarding the acquisition of assets and fundraising, focusing on the operational status and development prospects of Aizhuo Intelligent Technology (Shanghai) Co., Ltd. [1] Group 1: Performance and Growth - Aizhuo Intelligent's revenue is projected to grow from 216.33 million yuan in 2023 to 364.62 million yuan in 2024, representing a growth rate of 68.95%, significantly higher than the industry average of 15.98% [2] - The net profit attributable to the parent company is expected to increase by 65.42%, also surpassing the industry average of 26.48% [2] - The revenue growth is primarily driven by increased orders from major clients such as Jiangsu Changshu Automotive Trim Group Co., Ltd. and China FAW Group Co., Ltd. [2] - Aizhuo Intelligent's products are widely used in popular models from brands like Hongqi and Chery, with significant revenue contributions from specific models [2] Group 2: Cost and Efficiency - The average procurement cost of key raw materials has decreased due to changes in product revenue structure and procurement scale benefits [3] - Aizhuo Intelligent's sales expense ratio is lower than the industry average, attributed to a mature model for developing new clients and projects, along with a streamlined sales team [3] Group 3: Assessment and Forecast - The revenue assessment for key models is based on historical data and market conditions, ensuring a cautious and achievable forecast [4] - The projected decline in material cost ratio is justified by business scale growth and improved yield rates [4] - The company has sufficient capacity to meet forecasted demand without the need for additional capital expenditures [4] Group 4: Fundraising and Financial Stability - Del Shares plans to raise up to 83 million yuan from no more than 35 specific investors to support Aizhuo Intelligent's projects [5] - The company has alternative funding solutions in place, including self-funding and bank loans, to address any shortfall in fundraising [5] - The fundraising outcome will not adversely affect the transaction implementation or the company's financial status [5]

Fundraising Overview - The company raised a total of RMB 76,185.63 million from its initial public offering, with a net amount of RMB 67,856.04 million received by February 27, 2025 [1] - As of June 30, 2025, the remaining balance of the raised funds is RMB 40,029.62 million after deducting issuance costs and direct investments [1][5] Fund Utilization - The company has invested RMB 27,850.34 million into fundraising projects as of June 30, 2025 [1][5] - The company plans to use RMB 2,868.07 million of the raised funds to replace self-raised funds previously invested in projects and to cover issuance costs [5] Fund Management - The company has established a dedicated management system for the raised funds, ensuring compliance with relevant regulations [1] - A tripartite supervision agreement has been signed with the sponsoring institution and banks to regulate the storage and use of the raised funds [2] Project Changes - The company approved a change in the implementation subject of the "Digitalization and R&D Center Construction Project" to include multiple subsidiaries [3] - The company has also decided to reallocate RMB 1,900 million from the "Automobile Wheel Assembly Project" to a new project for producing automotive styling components [10] Cash Management - The company has utilized idle raised funds for cash management, investing up to RMB 30,000 million in financial products while ensuring the safety of the funds [5][6] - As of June 30, 2025, the balance of structured deposits from idle funds is RMB 29,900 million [6][7]

Group 1 - The core viewpoint is that the Beijing Stock Exchange (BSE) is experiencing a surge in IPO applications, leading to a potential backlog in the approval process, with 183 companies currently under review, accounting for 60% of the total A-share IPO applications [1] - In June 2025, BSE received a record 97 IPO applications in a single month, surpassing the previous record of 92 applications in June 2022 [1] - Despite the high number of applications, the actual number of new listings on BSE remains low, with only 6 new listings compared to 14 on the Shanghai main board and 22 on the ChiNext board during the same period [1] Group 2 - The average waiting time for IPO approvals at BSE has increased significantly, with median waiting times rising from 218 days in 2022 to 306 days in 2024 [2] - As of 2025, BSE has received 115 IPO applications, with an average of 26 days from application to the first round of inquiries, which is longer than other boards [2] - For companies accepted in 2024, the average time from acceptance to the first round of inquiries is 26 days, while the time from the first inquiry to the listing committee meeting averages 258 days, significantly longer than other boards [2] Group 3 - Lin Tai New Materials, a company specializing in automotive automatic transmission friction plates, had the shortest waiting time for an IPO in 2024, completing the process in 173 days [3] - The company’s revenue from 2021 to the first half of 2024 shows rapid growth, with a 41% year-on-year increase in the first half of 2024 [4] - Lin Tai New Materials reduced its planned fundraising from 200 million yuan to 116 million yuan, indicating a significant decrease in its financing scale [5] Group 4 - The BSE has seen a stricter review process, with 107 companies terminating their IPO applications in 2024, reflecting a focus on improving the quality of listed companies [8] - The average revenue of companies currently under review at BSE is 738 million yuan, with 36 companies reporting over 100 million yuan in net profit [9] - The increase in the quality of companies applying for IPOs is attributed to better performance of newly listed companies on the New Third Board and improved resources from investment banks [9]

证券代码：605151 证券简称：西上海 公告编号：2025-037 西上海汽车服务股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 （一）业绩预告期间 （二）业绩预告情况 净利润-854.00 万元到-706.00 万元，与上年同期（法定披露数据）相比，将出 现亏损。 利润-488.00 万元到-403.00 万元。 （三）本次业绩预告的财务数据未经注册会计师审计。 二、上年同期经营业绩和财务状况 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 业绩预告的具体适用情形：净利润为负值。 ? 经西上海汽车服务股份有限公司（以下简称"公司"）资产财务部初步 测算，公司预计 2025 年半年度实现归属于母公司所有者的净利润-854.00 万元 到-706.00 万元，与上年同期（法定披露数据）相比，将出现亏损；预计 2025 年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润-488.00 万 元到-403.00 万元。 一、本期业绩预告情况 （一）利润总额：6,544.86 万元。归属于母公司所有者的净利润：4,412.81 万元。归属于 ...

Fundraising Overview - The company has successfully completed its initial public offering (IPO) by issuing 31,507,704 shares at a price of 24.18 RMB per share, raising a total of 761.8563 million RMB, with a net amount of 678.5604 million RMB after deducting issuance costs of 83.2959 million RMB [1] Fund Management - The company has established a special account for the management of the raised funds, ensuring compliance with regulations and protecting the rights of minority investors. A tripartite supervision agreement has been signed with the sponsor and the bank where the special account is held [1][2] - The funds are allocated for various projects, including the expansion of automotive decorative parts and digital development projects [2] Account Status - As of the announcement date, the company has completed the cancellation of a special account at China Merchants Bank, which was used for the automotive wheel assembly project and to supplement working capital. The corresponding tripartite supervision agreement has also been terminated [3]

今年以来，受A股IPO收紧以及大型企业全球化战略等因素影响，港股上市热潮不断，锂电行业也不例外。4月14日，中国锂离子电池制造商正力新能 （03677.HK）H股敲钟上市，公司当日股价收涨1.45%，总市值210.5亿港元。值得一提的是，正力新能创始人曹芳系福耀集团董事长曹德旺胞妹。伴随曹芳 带领正力新能成功登陆港股市场，曹德旺家族的资本版图也得以扩容。另外，在正力新能上市背后，还有多家锂电企业正在排队IPO，寻求登陆港股市场。 针对相关问题，北京商报记者向正力新能方面发去采访函进行采访，但截至记者发稿，未收到公司回复。 正力新能收涨1.45% 4月14日，正力新能上市首日股价高开2.3%，开盘后全天保持震荡态势，公司最终收涨1.45%，收于8.39港元/股，总市值达210.5亿港元。 资料显示，正力新能成立于2019年2月26日，是中国的锂离子电池制造商，主要专注于动力电池产品、储能电池产品及航空电池产品的研发、生产及销售。 业绩表现方面，公司净利在2021—2023年接连亏损，但于2024年实现扭亏。 具体来看，2021—2024年，正力新能实现营业收入分别约为14.99亿元、32.9亿元、41.62亿元 ...