IPO Pipeline Overview - As of December 14, there are 266 companies in the IPO pipeline, with 18 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 20 on the Shenzhen Main Board, 28 on the Growth Enterprise Market, and 164 on the Beijing Stock Exchange [2] - The total number of companies at various stages includes 11 accepted, 163 under inquiry, 8 approved, 60 suspended, and 24 submitted for registration [3] Newly Listed Companies - During the period from December 8 to December 14, BaiAoSaiTu (Beijing) Pharmaceutical Technology Co., Ltd. was listed on the Sci-Tech Innovation Board with stock code 688796, closing at 65.80 yuan per share, a rise of 146.63%, with a trading volume of 1.671 billion yuan and a turnover rate of 75.80% [4][5] New Counseling Record Companies - A total of 17 companies were newly recorded for counseling from December 8 to December 14, including Shandong Huichuan Precision Technology Co., Ltd. and Si'an New Energy Co., Ltd. [6][7] - Shandong Huichuan specializes in high-end automotive components, particularly air conditioning compressor system parts [8][9] Approval Status of Companies - Seven companies successfully passed the review process from December 8 to December 14, including Guangzhou Huigu New Materials Technology Co., Ltd. and Anhui Linping Circular Development Co., Ltd. [13][14] - Guangzhou Huigu focuses on polymer materials and aims to be a global leader in functional material technology innovation [14] Registration Approval Status - Jiangsu Aisheren Medical Technology Group Co., Ltd. and Shimon Supply Chain Management Co., Ltd. received registration approval during the specified period [17][18] - Jiangsu Aisheren specializes in disposable medical consumables for rehabilitation and medical protection [18] Termination of Review - Two companies, Chuangzheng Electric Co., Ltd. and Harbin Dongsheng Metal Technology (Group) Co., Ltd., withdrew their IPO applications during the period [19][20] - Chuangzheng Electric focuses on explosion-proof solutions and products for industrial electrical fields [20]

Group 1: IPO Review Highlights - This week, the A-share IPO review market demonstrated high activity and efficiency, with 7 companies successfully passing the review, achieving a 100% approval rate and setting a record for the highest number of reviews in a single week this year [2] - The companies reviewed span across the core sectors of the Shanghai, Shenzhen, and Beijing stock exchanges, indicating a balanced distribution: 1 from the Shanghai main board, 1 from the Sci-Tech Innovation Board, 2 from the Growth Enterprise Market, and 3 from the Beijing Stock Exchange [2] - Among the 7 companies, 6 were accepted for review within a year, with 5 having submitted their applications only about six months ago, highlighting the capital market's role in supporting technological innovation and the real economy [2] Group 2: Company Financials - **Guangzhou Huigu New Materials Technology Co., Ltd.**: Revenue for 2022-2024 was 664 million, 717 million, and 817 million CNY, with net profits of 26 million, 106 million, and 146 million CNY respectively [3] - **Chengdu Hongming Electronics Co., Ltd.**: Revenue for 2022-2024 was 3.146 billion, 2.727 billion, and 2.494 billion CNY, with net profits of 690 million, 598 million, and 386 million CNY respectively [4] - **Anhui Linping Circular Development Co., Ltd.**: Revenue for 2022-2024 was 2.879 billion, 2.800 billion, and 2.485 billion CNY, with net profits of 154 million, 212 million, and 153 million CNY respectively [5][6] - **Shandong Yuelong Rubber and Plastic Technology Co., Ltd.**: Revenue for 2022-2024 was 189 million, 219 million, and 268 million CNY, with net profits of 47.9 million, 60.8 million, and 83.6 million CNY respectively [7] - **Youyan Metal Composite Materials (Beijing) Co., Ltd.**: Revenue for 2022-2024 was 414 million, 498 million, and 610 million CNY, with net profits of 24 million, 45 million, and 55 million CNY respectively [9] - **Jiangsu Yuanli Digital Technology Co., Ltd.**: Revenue for 2022-2025 was 502.85 million, 527.15 million, 544.88 million, and 285.49 million CNY, with net profits of 60.94 million, 73.85 million, 82.03 million, and 43.44 million CNY respectively [10] - **Guangdong Meiya Tourism Technology Group Co., Ltd.**: Revenue for 2022-2025 was 457.39 million, 353.51 million, 400.95 million, and 182.65 million CNY, with net profits of 23.96 million, 69.26 million, 75.02 million, and 36.16 million CNY respectively [11] Group 3: New Listings - **Bai Ao Sai Tu**: Listed on the Sci-Tech Innovation Board on December 10, 2023, after previously listing on the Hong Kong Stock Exchange, raising approximately 1.267 billion CNY [12] - **Transsion Holdings**: Plans to achieve dual listing in A-share and Hong Kong, with a projected smartphone shipment of 201 million units in 2024, capturing 14% of the global market share [13] - **Shangdingxin**: A power semiconductor supplier, has re-applied for listing on the Hong Kong Stock Exchange after a previous application lapsed [14] - **Dazhu CNC**: Previously listed on the A-share market, has submitted a second application for listing on the Hong Kong Stock Exchange [15] - **Huaxida**: Reapplying for listing after a previous application lapsed, focusing on smart home solutions [16] - **Xihua Technology**: A leading company in edge AI chips, showing significant growth with a compound annual growth rate of 67.8% from 2022 to 2024 [18] - **Ledong Robotics**: A leading intelligent robotics company, has submitted a second application for listing on the Hong Kong Stock Exchange, with cumulative losses of 212 million CNY over the past three and a half years [19]

中国经济网北京12月12日讯 北京证券交易所上市委员会2025年第41次审议会议于昨日上午召开，审议 结果显示，山东悦龙橡塑科技股份有限公司（以下简称"悦龙科技"）首发符合发行条件、上市条件和信 息披露要求。这是今年过会的第89家企业（其中，上交所和深交所一共过会49家，北交所过会40家）。 截至招股说明书签署日，徐锦诚直接持有悦龙科技35,118,777股股份，占悦龙科技股本总额的57.57%， 通过烟台柏诚企业管理中心（有限合伙）间接控制悦龙科技9,895,000股股份，占悦龙科技股本总额的 16.22%，徐锦诚合计控制悦龙科技73.79%的股份，并担任悦龙科技董事长，对悦龙科技生产经营具有 重大影响，为悦龙科技的控股股东、实际控制人。 悦龙科技本次拟在北交所拟向不特定合格投资者公开发行股份数量不超过21,993,198股（含本数，未考 虑超额配售选择权）；不超过25,292,177股（含本数，考虑行使超额配售选择权）；公司及主承销商可 以根据具体情况择机选择超额配售选择权，选择超额配售选择权发行的股数不超过本次发行股票（不含 超额配售选择权）的15%（即不超过3,298,979股），最终发行数量由股东会 ...

文/梧桐数据中心 12月11日，IPO共审核2家公司（沪主板、北交所各1家），2家均获通过。 单位：万元 | | 沪主板 | | | | | | --- | --- | --- | --- | --- | --- | | 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 | | 林平发展 | 包装用瓦楞纸、箱板纸产品的研发 、生产和销售 | 248,509.78 | 16,633.49 | 通过 | 国联民生/北京天元/立信 | | | | 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 | | 悦龙科技 | 流体输送桑性管道的研发、生产和 销售 | 26,750.62 | 7,774.22 | 通过 | 中泰证券/海润天睿/上会 | 安徽林平循环发展股份有限公司 主要从事包装用瓦楞纸、箱板纸产品的研发、生产和销售。李建设先生通过直接和间接方式合计控制 公司88.40%表决权，为公司控股股东和实际控制人。报告期内，公司营业收入分别为287,889.19万元、279,983.70 ...

证券时报·数据宝统计，根据深交所、上交所、北交所上市委会议公告， 将有8家企业首发事项上会。 从拟上市板来看，电科蓝天、有研复材拟科创板IPO；林平发展拟沪市主板上市；尚水智能、宏明电子 拟创业板IPO；原力数字、美亚科技等3家企业拟北交所IPO。 拟募资额方面， 即将上会的8家企业中，拟募集资金最多的是宏明电子，预计募集资金19.51亿元，募资 拟投向高储能脉冲电容器产业化建设项目、补充流动资金、新型电子元器件及集成电路生产项目、新型 电子元器件及集成电路生产项目-新型电子元器件及集成电路生产项目（二期）、电子材料与元器件关 键技术研发项目、高可靠阻容元器件关键技术研发项目、新型电子元器件及集成电路生产项目-新型电 子元器件及集成电路生产项目（一期）、3C精密零组件、新能源电池及汽车电子结构件研发项目、精 密零组件能力提升项目、数字化能力提升项目等项目。其次是电科蓝天、林平发展，拟募资金额分别为 15.00亿元、12.00亿元。地域分布看，即将上会企业中，广东省有2家企业上榜，江苏省、山东省、四川 省、天津市、安徽省、北京市分别有1家企业上榜。 拟上会公司中，按保荐机构统计，林平发展、尚水智能等2家公司的保 ...

IPO Review and Registration Progress - Three companies passed the IPO review last week, including Zuxing New Materials, Mirui Technology, and Jintai Co., with Zuxing New Materials focusing on aluminum pigments and fine spherical aluminum powder, reporting revenue of 578 million yuan and net profit of 60 million yuan for the first three quarters of 2025, reflecting year-on-year growth of 10.98% and 35.47% respectively [3][4] - Mirui Technology, engaged in smart network cameras and IoT video products, reported revenue of 549 million yuan, a decline of 0.95%, and net profit of 51 million yuan, down 12.93% for the same period [4] - Jintai Co., specializing in sponge titanium products, achieved revenue of 1.272 billion yuan, up 12.43%, and net profit of 155 million yuan, an increase of 52.68% [4] New IPO Applications and Upcoming Reviews - Five new IPO applications were accepted last week, including Ma Mining Co., which focuses on iron ore resource development, reporting a revenue of 2.057 billion yuan and net profit of 659 million yuan from 2022 to 2024 [8][9] - Zhongke Kehua, a semiconductor packaging materials company, reported revenue of 331 million yuan and net profit of 34 million yuan for 2024, with plans to raise 598 million yuan through its IPO [9] - Yulong Technology, a precision control board manufacturer, reported revenue of 1.095 billion yuan and net profit of 121 million yuan for the first half of 2025, with a significant portion of its revenue coming from BOE Technology Group [10][11] New Stock Subscription and Listing Dynamics - Three new stocks were listed last week, including Jingchuang Electric, which saw a price increase of 330.74% on its first day, and China Uranium Industry, which rose by 280.04% [13] - This week, five new stocks are scheduled for subscription, including Yuxun Co., which focuses on optical communication chips and expects a net profit of 92 million to 98 million yuan for 2025, reflecting a year-on-year growth of 18.15% to 25.86% [14][15]

Group 1 - A total of 7 companies are scheduled for IPO meetings from December 8 to December 12, with the highest fundraising target set by Hongming Electronics at 1.951 billion yuan [1][9] - Hongming Electronics plans to invest in high-energy pulse capacitor industrialization, working capital, and various electronic component projects [1] - Other companies include Linping Development and Huigu New Materials, with fundraising targets of 1.2 billion yuan and 900 million yuan respectively [1] Group 2 - Linping Development focuses on the research, production, and sales of corrugated paper and boxboard products [3] - Huigu New Materials specializes in the research, production, and sales of functional resins and coatings [4] - Hongming Electronics is engaged in the research, production, and sales of new electronic components, primarily resistive-capacitive components [5] Group 3 - Yuyuan Composite Materials is involved in the research, production, and sales of metal composite materials and special non-ferrous metal alloy products [6] - Yuelong Technology focuses on the research, production, and sales of flexible pipelines for fluid transport, including marine and land oil and gas pipelines [7] - Meiya Technology provides comprehensive business travel services, including travel ticketing and management [8] Group 4 - The companies are distributed across various provinces, with two from Guangdong, and one each from Jiangsu, Shandong, Sichuan, Anhui, and Beijing [1] - The underwriting institutions include CITIC Securities and Zhongtai Securities for several of the companies [2]

IPO Summary - Three companies are scheduled for IPO review from December 8 to December 12, aiming to raise a total of 5.928 billion yuan [1] - The companies include: - Huigu New Materials, seeking to raise 900 million yuan, specializes in chemical raw materials and chemical products manufacturing [2] - Linping Development, aiming for 1.2 billion yuan, operates in the paper and paper products industry [2] - Yuelong Technology, targeting 289 million yuan, focuses on rubber and plastic products [2] Company Details Huigu New Materials - Established on October 11, 1999, with a registered capital of 47.3373 million yuan [4] - The company focuses on high polymer materials and aims to become a global leader in functional material technology innovation [4][5] - Recent financial performance includes: - Total assets of 1.366 billion yuan as of June 30, 2025 [5] - Net profit of 107.0735 million yuan for the first half of 2025 [7] Linping Development - Founded on January 24, 2002, with a registered capital of 56.5611 million yuan [8] - The company specializes in the research, production, and sales of corrugated paper and boxboard products [9] - Recent financial performance includes: - Total assets of 2.548 billion yuan as of June 30, 2025 [9] - Net profit of 91.419 million yuan for the first half of 2025 [9] Yuelong Technology - Established on March 18, 2009, with a registered capital of 61 million yuan [11] - The company focuses on the research, production, and sales of flexible pipelines for fluid transportation [11] - Recent financial performance includes: - Total assets of 586.369 million yuan as of June 30, 2025 [14] - Net profit of 5.302 million yuan for the first half of 2025 [14] Fundraising Plans - Huigu New Materials plans to invest in projects including an annual production expansion of environmentally friendly coatings and resins, with a total investment of 919.2431 million yuan [8] - Linping Development aims to utilize the raised funds for expanding production capacity and enhancing operational efficiency [9] - Yuelong Technology's fundraising will support the development of high-performance rubber hoses and production facility upgrades [16] Additional Information - Meiya Technology has reduced its fundraising target from 360 million yuan to 200 million yuan, eliminating certain projects from its plan [2][3] - Two refinancing companies are also scheduled for review, aiming to raise a total of 999.5 million yuan [4]

| 代码 | 874157 | 简称 | 悦龙科技 | | --- | --- | --- | --- | | 公司全称 | 山东悦龙橡塑科技股份有限公司 | 受理日期 | 2025-05-26 | | 审核状态 | 已问询 | 更新日期 | 2025-12-04 | | 保荐机构 | 中泰证券股份有限公司 | 保存代表人 | 白仲发,王静 | | 会计师事务所 | 上会会计师事务所 (特殊普通合伙) | 签字会计师 | 壬振兵,张利法 | | 律师事务所 | 海润天睿律师事务所 | 签字律师 | 从灿,王肖东 | | 评估机构 | 北京国融兴华资产评估有限责任公司 | 签字评估师 | 韩申,武伯宁 | 据北交所官网披露，山东悦龙橡塑科技股份有限公司（下称"悦龙科技"）IPO申请将于2025年12月11日上会。保荐机构为中泰证券股份有限公司，保荐人 代表为：白仲发、王静。 一面是实控人高比例控股独揽大权、无行业积淀无过往贡献的女婿跨界空降任副总兼董秘，直接斩获零等待期特殊股权激励、核心客户实为"自家人"；另 一面是行业承压下营收净利双增、毛利率逼近60%的亮眼业绩。悦龙科技的增长真实性、持续经营能力正遭遇监管 ...

来源：一云投资 导语 超高速！下周7家企业上会！创2023年9月以来单周上会家数最多纪录。 继11月份IPO审核提速之后（17家上会，16家通过），12月份进一步加速。本周3家企业上会全部过 会，下周7家上会。也意味着，12月不足半个月时间，审核数量就达到10家。 超高速，下周7家企业上会，创两年新高 继11月保持高速审核后（17家企业上会，16家过会），12月份迎来更大的加速度。本周为12月第一周， 三家企业上会并全部过会。下周，三大交易所将迎来7家企业上会，创2023年9月以来单周审核数量新 高。 7家企业中，2家拟上创业板，3家拟上北交所，1家拟上科创板，1家拟上沪主板。特别值得注意的是，7 家企业中有6家受理时间都不足一年，更有有5家企业为2025年5、6月份申报受理，排队时间仅半年左 右。 下周7家企业上会 截至12月5日，2025年以来共有266家企业有效报IPO辅导备案（剔除撤回辅导企业），这些企业是未来 IPO后备军，那么哪些机构和地区抢得先机，未来后劲更大？ 小鱼|作者 小海|编辑 A 最新IPO看点 1 值得注意的是下周7家上会企业中，有6家获受理不足一年，更有5家是2025年5、6月份申 ...