1月28日，北京证券交易所（简称"北交所"）迎来今年以来上市的第4家公司——山东农大肥业科技股份 有限公司（股票简称：农大科技，股票代码：920159），该公司成为今年山东省首家登陆A股的上市公 司。 恒道科技过会，应收款项回收风险被重点关注 同一天，北交所上市委员会（简称"上市委"）召开今年第9次审议会议，会议结果显示，浙江恒道科技 股份有限公司（简称"恒道科技"）符合发行条件、上市条件和信息披露要求，成功过会。 上市委审议会议现场向恒道科技提出问询的问题主要针对业绩真实性和可持续性，要求恒道科技结合汽 车领域热流道系统行业特征，说明年销售额50万元以下客户增减变动的合理性；说明逾期应收账款比例 较高的合理性及期后回款情况，坏账准备计 提的充分性。结合国内汽车、3C 消费电子、家电和包装注塑领域热流道技术覆盖率，主要竞争对手市 场份额，自身核心竞争优势，主要客户复购率等情况，说明业绩增长的可持续性。 恒道科技是一家专注于注塑模具热流道系统及相关部件研发、设计、生产与销售的高新技术企业。2024 年12月挂牌新三板，申报北交所IPO于2025年6月获得受理。此次IPO，恒道科技计划将募集4.03亿元资 金。 ...

文/梧桐数据中心 1月28日，浙江恒道科技股份有限公司IPO申请获得北交所上市委审核通过。 单位：万元 | 北交所 | | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 | 主营业务 | 2024年营收 | 2024年净利润 | 审核结果 | 保荐/律所/审计 | | 恒道科技 | 注塑模具热流道系统 及相关部件 | 23,446.54 | 6,646.63 | 適过 | 国泰海通/国浩 (杭州) /天健 | 报告期各期，公司营业收入分别为 14,256.81万元、16,839.04万元、23,446.54万元和 14,699.31 万元，扣非归母净利润分别为3,960.73万元、4,702.26万元、6,646.63万元和 3,907.93万元。 浙江恒道科技股份有限公司 主营注塑模具热流道系统及相关部件研发、设计、生产与销售。 公司的控 股股东、实际控制人为自然人王洪潮，合计控制公司78.50%股权对应的表决权。报告期各期，公司营 业收入分别为 14,256.81 万元、16,839.04 万元、23,446.54万元和 14,699.31万元， ...

截至1月26日，根据沪深北交易所安排，本周（1月26日-30日）A股市场迎来4家企业上会，但结构出现 显著分化。沪深交易所本周未安排首发（IPO）上会，3家IPO上会企业均来自北交所，分别为恒道科 技、海昌智能、鸿仕达；沪市仅有斯达半导一家可转债再融资项目上会。从日程看，恒道科技于28日上 会，海昌智能、鸿仕达及斯达半导均集中在30日。 智能制造集体冲刺北交所IPO 本次北交所上会的三家企业均聚焦智能制造细分领域。鸿仕达主要从事智能自动化设备、智能柔性生产 线、配件及耗材的研发、生产与销售，重点服务电子装联及模组、产品装配环节，为苹果、华为、荣 耀、联想等终端品牌配套的EMS厂商提供设备，亦拓展新能源汽车与光伏储能客户。2025年末资产总 计达9.41亿元，净利润7048万元，销售毛利率31.17%，净资产收益率15.48%。本次IPO拟募资2.17亿 元，保荐机构为东吴证券。 海昌智能从事高性能线束装备研发、生产和销售，为汽车、信息通讯、光伏储能等行业提供智能化解决 方案。系国家级专精特新"小巨人"企业、河南省制造业单项冠军企业，客户包括比亚迪、安波福、立讯 精密等。2025年9月末资产总额14.20亿元， ...

Group 1 - The core point of the article is that four companies are set to present their IPO applications at the upcoming listing committee meetings of the Shenzhen Stock Exchange, Shanghai Stock Exchange, and Beijing Stock Exchange [1] Group 2 - Huikang Technology plans to list on the Shenzhen Main Board and aims to raise 1.797 billion yuan for projects including the construction of an intelligent manufacturing production base for refrigeration equipment and a research center [2][3] - Three companies, Hengdao Technology, Toptech, and Mifutech, are planning IPOs on the Beijing Stock Exchange, with proposed fundraising amounts of 403 million yuan, 314 million yuan, and 159 million yuan respectively [2][5] - Mifutech specializes in the R&D, production, and sales of key components for automotive fluid pipeline systems and other plastic parts, while Toptech focuses on intelligent controllers and products applicable in various sectors including consumer electronics and industrial automation [4][5]

Group 1: IPO Overview - A total of 8 IPOs were accepted in a short span of two days, with 1 from the Shenzhen Stock Exchange's Growth Enterprise Market, 2 from the Shanghai Stock Exchange's Sci-Tech Innovation Board, 1 from the Shanghai Stock Exchange's Main Board, and 4 from the Beijing Stock Exchange [1] - As of June 14, 2025, a total of 41 IPO projects have been accepted across the Shanghai, Shenzhen, and Beijing stock exchanges, with 10 from the Shanghai Stock Exchange, 25 from the Beijing Stock Exchange, and 6 from the Shenzhen Stock Exchange [1] Group 2: Jiangsong Technology Co., Ltd. - Jiangsong Technology, established in October 2007 and transformed into a joint-stock company in December 2021, has a registered capital of 59.584 million yuan [2] - The company specializes in high-end intelligent equipment manufacturing, focusing on the research, production, and sales of automated equipment for high-efficiency photovoltaic cells, positioning itself as a leading manufacturer in this field [3] - The controlling shareholder and actual controller is Zuo Guisong, who holds 71.28% of the shares, with a total voting power of 72.19% when combined with his son [4] Group 3: Financial Performance - Jiangsong Technology's revenue for 2022, 2023, and 2024 was 807.09 million yuan, 1.237 billion yuan, and 2.019 billion yuan respectively, with net profits of 85.84 million yuan, 128.02 million yuan, and 186.76 million yuan [5] - The company's asset-liability ratio improved from 91.35% in 2023 to 82.08% in 2024 [6] - The proportion of R&D investment to revenue decreased from 5.83% in 2022 to 2.86% in 2024 [7] Group 4: Major Clients - The combined sales revenue from the top five clients accounted for 58.88%, 55.10%, and 59.31% of total revenue for the years 2022, 2023, and 2024 respectively [9] - Major clients include Jingao Technology, Longi Green Energy, and Chint Group, with significant contributions to the company's revenue [10][11] Group 5: Fundraising and Investment Projects - Jiangsong Technology plans to raise 1.052 billion yuan through its IPO, with funds allocated to four projects including the construction of a photovoltaic intelligent equipment production base and a research and development center [12][13] Group 6: Shanghai Chaosilicon Semiconductor Co., Ltd. - Established in July 2008 and transformed into a joint-stock company in May 2021, the company has a registered capital of 1.176 billion yuan [14] - The company focuses on the research, production, and sales of 300mm and 200mm semiconductor silicon wafers, with a production capacity of 700,000 pieces per month for 300mm wafers [15] - The company reported revenues of 921.09 million yuan, 927.80 million yuan, and 1.327 billion yuan for 2022, 2023, and 2024, respectively, with net losses increasing over the years [18] Group 7: Fundraising and Investment Projects for Chaosilicon - The company aims to raise 4.965 billion yuan through its IPO, with funds directed towards expanding production capacity for 300mm silicon wafers and R&D projects [22][23] Group 8: Shenzhen Hengyunchang Vacuum Technology Co., Ltd. - Founded in March 2013 and transformed into a joint-stock company in December 2023, the company has a registered capital of 50.77 million yuan [24] - The company specializes in the development, production, and sales of plasma RF power systems and related components, providing comprehensive solutions for plasma processes [25] - The company achieved revenues of 158.16 million yuan, 325.27 million yuan, and 540.79 million yuan for 2022, 2023, and 2024, respectively, with net profits showing significant growth [27] Group 9: Fundraising and Investment Projects for Hengyunchang - The company plans to raise 1.55 billion yuan through its IPO, with funds allocated to projects including the industrialization of semiconductor RF power systems and R&D initiatives [33] Group 10: Guangxi Baifei Dairy Co., Ltd. - Established in December 2017 and transformed into a joint-stock company in December 2019, the company has a registered capital of 166 million yuan [35] - The company focuses on the research, production, and sales of dairy products, including sterilized milk and fermented milk [36] - The company reported revenues of 780.80 million yuan, 1.075 billion yuan, and 1.423 billion yuan for 2022, 2023, and 2024, respectively, with net profits increasing significantly [39] Group 11: Fundraising and Investment Projects for Baifei Dairy - The company aims to raise 496.78 million yuan through its IPO, with funds directed towards the construction of a smart buffalo farm and marketing network development [45] Group 12: Zhejiang Hengdao Technology Co., Ltd. - Founded in October 2010 and transformed into a joint-stock company in August 2023, the company has a registered capital of 39.24 million yuan [46] - The company specializes in the research, design, production, and sales of hot runner systems for injection molds, recognized as a key enterprise in Zhejiang Province [47] - The company achieved revenues of 142.57 million yuan, 168.39 million yuan, and 234.47 million yuan for 2022, 2023, and 2024, respectively, with net profits showing consistent growth [49] Group 13: Fundraising and Investment Projects for Hengdao Technology - The company plans to raise 403.02 million yuan through its IPO, with funds allocated to projects including the production line for hot runner systems and R&D center construction [56] Group 14: Guangdong Shangyan Electronic Technology Co., Ltd. - Established in June 2011 and transformed into a joint-stock company in September 2020, the company has a registered capital of 48 million yuan [58] - The company focuses on the development, production, and sales of electronic control products, including variable frequency drives and power controllers [59] - The company reported revenues of 521.26 million yuan, 615.54 million yuan, and 587.59 million yuan for 2022, 2023, and 2024, respectively, with net profits showing a stable trend [61] Group 15: Fundraising and Investment Projects for Shangyan Technology - The company aims to raise 401.38 million yuan through its IPO, with funds directed towards the construction of electronic control product production bases and R&D projects [67]