2026年开年，晨光电机、邦泽创科两家电器企业接连过会。这一态势延续了2025年四季度以来的审核加 速节奏，2025年11-12月北交所密集审议25家企业，23家企业过会。随着改革深化，北交所上市公司质 量持续提升，打新市场也热度爆棚，业内认为后续审核与发行有望持续保持高速态势。 ● 本报记者 杨洁 两家企业成功过会 北交所"IPO第一审"发生在1月5日，北京证券交易所上市委员会召开2026年第1次审议会议，审议舟山晨 光电机股份有限公司的IPO申请，当晚披露的审议结果显示，晨光电机IPO申请顺利获得通过。紧接着1 月8日，北京证券交易所上市委员会2026年第2次审议会议结果出炉，广东邦泽创科电器股份有限公司也 成功过会。 两家企业均从事电器业务，发展多年，业绩规模较大。晨光电机专业从事微特电机的研发、生产和销 售，产品主要应用于以吸尘器为主的清洁电器领域。2022年、2023年、2024年及2025年上半年，晨光电 机的营业收入分别为4.95亿元、7.12亿元、8.27亿元、4.37亿元；归母净利润分别为5827.28万元、 9933.11万元、7862.6万元、4323.56万元。 邦泽创科主要从事办公电 ...

撰文：滕霄 编辑：叩叩财经编辑部 随着中国资本市场对"专精特新"小巨人的扶持力度不断加大，位于浙江的汽车传动系统核心零部件领军 企业——浙江科马摩擦材料股份有限公司即将正式登陆北所。 这不仅是科马材料发展史上的里程碑，也标志着国产摩擦材料行业在高端化、国际化征程中迈出了坚实 一步。 作为工信部认定的"专精特新"小巨人企业，科马材料长期深耕汽车离合器摩擦片。在产业变革的当下， 公司凭借稳健的财务表现、深厚的技术护城河以及对新能源赛道的精准卡位，展现出了强悍的成长性。 此次IPO，科马材料拟公开发行不超过2092万股，计划募集资金约2.06亿元。这笔资金将精准投向干式 挤浸环保型摩擦片生产线及研发中心建设，助力产能升级与研发迭代。 进入2025年，公司的增长势头不仅没有放缓，反而呈现出加速态势。 2025年1-6月，科马材料实现营业收入1.39亿元，同比增长达11.37%，归母净利润4550.31万元，同比增 长30.68%。仅半年时间，营收已达2023年全年的69.5%，利润表现更是亮眼。 通过资本市场的赋能，公司正试图在稳固传统商用车"基本盘"的同时，借湿式技术与混动化趋势开启企 业价值跃迁的"第二曲线"。 ...

至信股份本次发行股份总量为5666.67万股，其中，网上发行1813.30万股，申购代码732352，发行市盈 率26.85倍，申购价格21.88元，单一账户申购上限18000股。公司主营汽车冲焊件以及相关模具的开发、 加工、生产和销售。 科马材料申购代码920086，发行市盈率14.20倍，申购价格11.66元，每一个申购单位为100股，网上发行 申购上限94.14万股，申购时需足额缴付申购资金。公司主营业务为干式摩擦片及湿式纸基摩擦片的研 发、生产及销售，并致力于新型摩擦材料的开发应用。（数据宝） 证券时报·数据宝统计显示，今日（1月6日）共有2只新股申购，分别为沪市主板的至信股份，北交所的 科马材料。 1月6日新股发行明细 | 简称 | 申购代码 | 发行总量 | 网上发行量 | 申购价格 | 申购上限所需市值 | 拟募资金额 | | --- | --- | --- | --- | --- | --- | --- | | | | （万股） | （万股） | （元） | （万元） | （亿元） | | 至信股份 | 732352 | 5666.67 | 1813.30 | 21.88 | 18.00 | ...

公司简介： 1995年1月23日,重庆至信实业集团有限公司成立。 2023年8月16日,公司名称由"重庆至信实 业集团有限公司"更名为"重庆至信实业股份有限公司"。 1月6日消息，交易所公告称，至信股份今日申购，申购代码：732352，发行价格：21.88元/股，顶格申 购需配市值18.00万元。科马材料今日申购，申购代码：920086，发行价格：11.66元/股，顶格申购需配 市值1097.67万元。陕西旅游今日在上交所主板上市，公司证券代码：603402，发行市盈率为12.37倍。 【今日申购】 至信股份今日申购 顶格申购需配市值18.00万元 交易所公告，至信股份申购，申购代码：732352，本次公开发行股份5666.67万股，发行价格：21.88元/ 股，单一帐户申购上限1.80万股，顶格申购需配市值18.00万元。 主营业务：汽车冲焊件以及相关模具的开发、加工、生产和销售。 科马材料今日申购 顶格申购需配市值1097.67万元 交易所公告，科马材料申购，申购代码：920086，本次公开发行股份2092.00万股，发行价格：11.66元/ 股，单一帐户申购上限94.14万股，顶格申购需配市值1097. ...

Group 1 - The article discusses the IPO of two companies, including their issuance prices, market capitalizations, and industry comparisons [1][2][3] - The first company, ZhiXin Co., has an issuance price of 21.88 yuan, a total market value of 37.20 billion, and an issuance P/E ratio of 26.85 [2][3] - ZhiXin Co. is a major supplier for leading automotive brands such as Chang'an, Geely, and BYD, with a complete industrial chain and a significant market share in its core products [3] Group 2 - The second company, KeMa Materials, has an issuance price of 11.66 yuan and an industry P/E ratio of 14.2 [4] - KeMa Materials ranks second in the domestic dry friction plate market and has a comprehensive product range with over 8,000 models [4] - The company plans to use the raised funds for upgrading its environmentally friendly clutch friction materials technology [4] Group 3 - Another company mentioned, with an issuance price of 80.44 yuan and a total market value of 62.21 billion, focuses on tourism and cultural performances in Shaanxi province [7] - This company is recognized as a leading tourism destination operator and has a strong connection with local cultural heritage [7] - The controlling shareholder is Shaanxi Tourism Group, marking it as the first company to go public in A-shares in five years [7]

至信股份立于1995年、总部位于重庆两江新区；是一家专注于汽车冲焊件以及相关模具的开发、加工、生产和销售的企业，主 要产品包括冷冲压件、热成型件、焊接总成件、模具。 | 打新早知道 | | | | 南财快讯 | | --- | --- | --- | --- | --- | | 今日申购 | | | | | | 603352.SH 至信股份 | | | | | | 机构报价(元/股) 发行价(元/股) | | | | | | 21.88 | 22.10 | | 37.20 | 汽车制造 | | 发行市盈率 | 行业市盈率 | | 可比公司 | 可比公司动态市盈率 | | 26.85 | | | 无锡振华 | 16.67 | | 华达科技 | 28.68 | | | 57.01 | | 多利科技 | | | | 36.32 | | 业绩情况 | | | | | | 35.0 | | | | 90% | | 30.0 | | | | 80% | | 25.0 | | | | 70% | | 20.0 | | | | 60% 50% | | 15.0 | | | | 40% | | 10.0 | | | | 30% ...

Group 1 - Major market indices opened higher on the first trading day of 2026, with electronics and media sectors rising over 2%, while pharmaceuticals and non-bank financials also showed strong gains [1] - The brain-computer interface (BCI) concept surged, with the index rising over 10%, leading to a wave of stock price increases, including a 30% limit up for BeiYikang and 20% limit ups for Sanbo Brain Science, Meihao Medical, and Aipeng Medical [2] - Elon Musk announced that his BCI company Neuralink will start large-scale BCI output in 2026, planning to shift towards nearly fully automated surgeries [3] Group 2 - Open Source Securities reported that Neuralink's expectations for scaled production and automated surgical solutions signify a transition from clinical validation to commercial scalability for brain-computer interfaces [4] - Companies with positive earnings forecasts for 2025 have performed well, with C Strong rising over 10% and Salt Lake Shares and Ocean Biological both increasing over 7%. Over 40 companies have released earnings forecasts, with many expecting profit increases, including Transfar Zhilian, Baiao Saitu, and Tianci Materials, all projecting profit growth exceeding 100% [5] - Ocean Biological expects a net profit growth of 50.6% to 72.56 million for 2025 [5] Group 3 - Two new stocks are available for subscription this week, including Zhixin Co., which specializes in automotive welding parts and has become a primary supplier for major automotive manufacturers [7] - Kema Materials focuses on the research, production, and sales of dry friction plates and wet paper-based friction plates, aiming to develop new friction materials [8] Group 4 - As of December 31, 2025, the market's financing balance totaled 2.52 trillion, a decrease of 143.69 billion from the previous trading day [9] - 349 stocks received net financing purchases exceeding 10 million, with 34 stocks having net purchases over 1 billion [10] - China Satellite topped the list with a net purchase of 1.194 billion, followed by Xinwei Communication and Aerospace Electronics with net purchases of 525 million and 499 million, respectively [11]

2026年A股第一批新股来了！ 根据发行安排，本周（1月5日—1月9日），A股市场将有2只新股申购，为沪市主板的至信 股份和北交所的科马材料，两股均将于本周二开启申购。 资料显示，至信股份深耕汽车冲焊件领域，公司是比亚迪、长城汽车、零跑汽车等知名整车 制造厂商的一级供应商；科马材料深耕传动摩擦材料行业，公司干式摩擦片国内市场份额排 名第二位。 具体来看，至信股份单一账户申购上限为18000股，顶格申购需持沪市市值18万元。 招股书显示，至信股份成立于1995年，总部位于重庆市，在全国建有10余家生产制造基地。 经过三十余年的发展，公司已成为我国西南地区生产规模较大、综合竞争实力较强的民营汽 车零部件生产企业，业务范围涵盖汽车冲焊件以及相关模具的开发、加工、生产和销售。公 司拥有资深研发团队，旗下拥有专业从事模具开发制造的全资子公司大江至信和专业从事工 业机器人智能制造解决方案的全资子公司衍数自动化，从始端的模具开发、到生产线自动化 集成，公司实现了研发制造的完整产业链建设。通过多年积累，公司在市场上形成了产品优 势，已成为长安汽车、吉利汽车、长安福特、蔚来汽车、理想汽车、比亚迪、长城汽车、零 跑汽车等知名整车 ...

申 购 策 略 证 券 研 究 报 告 证券分析师 刘靖 A0230512070005 liujing@swsresearch.com 郑菁华 A0230525060001 zhengjh@swsresearch.com 研究支持 郑菁华 A0230525060001 zhengjh@swsresearch.com 联系人 郑菁华 A0230525060001 zhengjh@swsresearch.com 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 2026 年 01 月 04 日 科马材料（920086）：干式摩擦片 "小巨人" ——北交所新股申购策略报告之一百五十四 策 略 研 究 请务必仔细阅读正文之后的各项信息披露与声明 相关研究 - ⚫ 基本面：干式摩擦片"小巨人"。公司 2002 年成立，总部位于浙江丽水，主要从事干式 摩擦片及湿式纸基摩擦片的研发、生产及销售，主要产品为干式摩擦片及湿式纸基摩擦 片。坚持自主研发，积极推进技术创新。公司始终坚持自主研发和技术创新，长期致力于 传动摩擦材料的研发，不断增强技术实力。公司 ...

Investment Rating - The investment rating for the company is to actively participate in the IPO [29] Core Viewpoints - The company, established in 2002 and headquartered in Lishui, Zhejiang, specializes in the research, production, and sales of dry friction plates and wet paper-based friction plates, with a strong focus on independent research and technological innovation [3][7] - The company has achieved rapid revenue growth, with projected revenue of 249 million yuan in 2024, reflecting a CAGR of +10.99% over the past three years, and a net profit of 71.53 million yuan, with a CAGR of +30.49% [8][19] - The company has a strong market position, with a well-established customer base including major domestic clutch manufacturers and automotive brands [8][23] Summary by Sections 1. Company Overview - The company is recognized as a "little giant" in the dry friction plate industry, holding 80 national patents, including 12 invention patents [3][7] - It has a solid reputation and extensive customer resources, serving notable clients such as ZF, Fawer, and various automotive manufacturers [8][23] 2. Issuance Plan - The IPO will adopt a direct pricing method with an issue price of 11.66 yuan per share, raising approximately 244 million yuan [14] - The initial issuance scale is 2.092 million shares, accounting for 25% of the total share capital post-issuance, with a low proportion of circulating shares at 22.5% [14][10] 3. Industry Situation - The dry friction plate market is projected to reach 1.57 billion yuan in 2024, with growth driven by increasing demand in both passenger and commercial vehicles [19][17] - The domestic market is experiencing a trend towards localization, with domestic suppliers gaining competitive advantages over imported components [19][16] 4. Competitive Advantages - The company has significant product advantages, with high-quality dry friction plates that meet and exceed national standards [21] - It possesses strong technical and research capabilities, participating in the formulation of industry standards and collaborating with academic institutions for material research [22] - The company has built a robust customer base over two decades, enhancing its market presence and reputation [23] 5. Comparable Companies - The company is relatively small in size but maintains a high gross margin compared to its peers, indicating strong operational efficiency [26][28]