Core Viewpoint - The company, Xinyuren (688573), is focusing on innovation-driven differentiation in the high-end equipment manufacturing sector, particularly in lithium-ion battery drying and coating equipment, while exploring new materials and technologies for future growth [1][2][3][4]. Group 1: Competitive Advantages - The company has established a "high-end equipment + process + new materials" R&D system, emphasizing customer-oriented goals and innovation to drive competitive differentiation [2]. - The SDC coating machine features optimized airflow design and intelligent dual-chamber extrusion head, significantly enhancing coating speed, width, and stability [2]. - The company is actively exploring commercial applications of microporous substrate coating and dry coating technology in solid-state battery electrodes [2]. Group 2: Product Development and Technology - The dry electrode equipment prototype has been successfully trial-produced and is currently in parameter adjustment and technical validation stages [3]. - The dry electrode technology utilizes a "dry powder direct coating and thermal compounding" method, which simplifies the process and enhances battery performance [3]. - The Micro LED mass transfer film has achieved significant technical advancements, with properties that improve yield rates and reduce production costs, indicating strong market interest [3]. Group 3: Financial Performance - In Q1 2025, the company reported a main revenue of 54.92 million yuan, a year-on-year increase of 3.94%, while the net profit attributable to shareholders was -25.87 million yuan, an increase of 9.27% year-on-year [4]. - The company’s debt ratio stands at 63.57%, with investment income of 1.08 million yuan and financial expenses of 1.64 million yuan, resulting in a gross margin of 9.42% [4]. Group 4: Market Engagement - The company is currently expanding its order base, primarily focusing on top-tier clients, despite the ongoing structural overcapacity in the industry [3]. - The proposed human skin-like material is in the process of aligning with customer needs, although it has not yet generated revenue [4].

股票简称：曼恩斯特 股票代码：301325 深圳市曼恩斯特科技股份有限公司 Shenzhen Manst Technology Co., Ltd. （深圳市坪山区龙田街道竹坑社区第三工业区 C 区 3 号厂房 101~201） 首次公开发行股票并在创业板上市 之 上市公告书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二三年五月 特别提示 深圳市曼恩斯特科技股份有限公司（以下简称"曼恩斯特"、"本公司"或"发 行人"、"公司"）股票将于 2023 年 5 月 12 日在深圳证券交易所创业板上市，该 市场具有较高的投资风险。创业板公司具有业绩不稳定、经营风险高、退市风险 大等特点，投资者面临较大的市场风险。投资者应充分了解创业板市场的投资风 险及本公司所披露的风险因素，审慎做出投资决定。 本公司提醒投资者应充分了解股票市场风险以及本公司披露的风险因素，在 新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与本公司首次公开发行 股票并在创业板上市招股说明书中的相同。 1 | 特别提示 | 1 | | --- | --- | | 目 ...

本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在不确定 性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的 市场风险。投资者应充分了解创业板的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 深圳市曼恩斯特科技股份有限公司 Shenzhen Manst Technology Co., Ltd. 招股意向书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 创业板投资风险提示 深圳市曼恩斯特科技股份有限公司 招股意向书 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对 发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由 发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资 风险。 （深圳市坪山区龙田街道竹坑社区第三工业区 C 区 3 号厂房 1 ...