固德电材聚焦新能源汽车热失控防护领域，目前已成为多家全球知名整车制造商及电池生产商的一级供 应商，与通用汽车、福特、Stellantis、T公司、现代起亚、丰田、宝马、吉利、零跑、小鹏、一汽集团 等整车制造商，以及宁德时代、欣旺达、蜂巢等电池生产商在内的行业领军企业建立了长期稳定的合作 关系。 | 项目 | 2025/6/30 | 2024/12/31 | 2023/12/31 | 2022/12/31 | | --- | --- | --- | --- | --- | | | 2025年1-6月 | 2024 年度 | 2023 年度 | 2022 年度 | | 资产总额(万元) | 113.032.85 | 108.317.39 | 75.672.86 | 56.453.36 | | 归属于母公司所有者权益(万元) | 67.095.61 | 58.892.20 | 44.782.21 | 28.112.71 | | 资产负债率(母公司)(%) | 35.50 | 43.09 | 38.59 | 47.10 | | 营业收入(万元) | 45.761.61 | 90.791.86 | 65.091.87 ...

招股书显示，固德电材成立于2008年，专注于新能源汽车动力电池热失控防护零部件及电力电工绝缘产品的研发、生产和销售，为客户提供定制化的热失 控防护解决方案和电力电工高性能绝缘解决方案。 固德电材聚焦新能源汽车热失控防护领域，目前已成为多家全球知名整车制造商及电池生产商的一级供应商，与通用汽车、福特、Stellantis、T公司、现代 起亚、丰田、宝马、吉利、零跑、小鹏、一汽集团等整车制造商，以及宁德时代、欣旺达、蜂巢等电池生产商在内的行业领军企业建立了长期稳定的合作 关系。 | 项目 | 2025/6/30 | 2024/12/31 | 2023/12/31 | 2022/12/31 | | --- | --- | --- | --- | --- | | | 2025年1-6月 | 2024 年度 | 2023 年度 | 2022 年度 | | 资产总额(万元) | 113.032.85 | 108.317.39 | 75.672.86 | 56.453.36 | | 归属于母公司所有者权益(万元) | 67.095.61 | 58.892.20 | 44.782.21 | 28,112.71 | | 资产负 ...

Group 1: Company Performance - Wens Foodstuff Group (温氏股份) expects a net profit of 5.00 billion to 5.50 billion yuan for 2025, representing a year-on-year decline of 40.73% to 46.12% [1][2] - The net profit after deducting non-recurring gains and losses is projected to be 4.80 billion to 5.30 billion yuan, down 44.64% to 49.86% compared to the previous year [1][2] - The decline in performance is attributed to a significant drop in the sales price of live pigs, which averaged 13.71 yuan per kilogram, a decrease of 17.95% year-on-year, and a reduction in profits from the pig farming business [1][2] Group 2: IPO and Financing Activities - Gude Electric Materials (固德电材) has received approval for its IPO on the ChiNext board, aiming to raise 1.176 billion yuan for the production of new energy vehicle components and other projects [3] - Tongcheng New Materials (彤程新材) is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange, although details remain uncertain [4] - Huasheng Lithium Battery (华盛锂电) is also preparing to issue H-shares for listing in Hong Kong to enhance its international strategy and financing capabilities [5] - Quanxin Co., Ltd. (全信股份) plans to issue convertible bonds to raise no more than 312 million yuan for various projects and working capital [6] Group 3: Mergers and Acquisitions - Beifang Changlong (北方长龙) intends to acquire 51% of Shunyi Technology (顺义科技) through a cash transaction, which will make Shunyi a subsidiary of Beifang Changlong [8] Group 4: Regulatory Compliance - Yingjixin Technology (英集芯) received a regulatory warning from the Shanghai Stock Exchange for inaccurate and incomplete information disclosure regarding its IPA1299 chip product [9] - Yihuilong Biotechnology (亚辉龙) was also warned by the Shanghai Stock Exchange for inconsistent statements in its announcements and insufficient risk disclosures [10] Group 5: Company Announcements - Jinli Permanent Magnet (金力永磁) forecasts a net profit of 660 million to 760 million yuan for 2025, an increase of 127% to 161% year-on-year, driven by increased R&D investment and market expansion [11] - Yinqu Technology (盈趣科技) anticipates a net profit of 540 million to 660 million yuan for 2025, reflecting a growth of 114.69% to 162.40% year-on-year, supported by revenue growth and increased R&D efforts [13] - Yongxi Electronics (甬矽电子) expects a net profit of 75 million to 100 million yuan for 2025, representing a year-on-year increase of 13.08% to 50.77% due to growth in the semiconductor industry [15] - China Merchants Energy Shipping (招商轮船) projects a net profit of 6.0 billion to 6.6 billion yuan for 2025, an increase of 17% to 29% year-on-year, benefiting from market recovery and non-recurring gains [16]

北京商报讯（记者 马换换 李佳雪）近日，深交所官网显示，固德电材系统（苏州）股份有限公司（以 下简称"固德电材"）创业板IPO注册生效。 据了解，固德电材专注于新能源汽车动力电池热失控防护零部件及电力电工绝缘产品的研发、生产和销 售。公司IPO于2025年6月27日获得受理，当年7月11日进入问询阶段，并于2025年12月19日上会获得通 过，当年12月22日提交注册。本次冲击上市，公司拟募集资金约11.76亿元。 ...

智通财经APP获悉，1月8日，中国证监会发布《关于同意固德电材系统(苏州)股份有限公司首次公开发行股票注册的批复》。据悉，固德电材拟在深 交所创业板上市，东吴证券为其保荐机构，拟募资11.7571亿元。 公司主要产品包括新能源汽车动力电池热失控防护零部件、电力电工绝缘产品。报告期内，公司新能源汽车动力电池热失控防护零部件销售规模持 续提升，成为公司收入增长的主要来源。 招股书显示，固德电材专注于新能源汽车动力电池热失控防护零部件及电力电工绝缘产品的研发、生产和销售，为客户提供定制化的热失控防护解 决方案和电力电工高性能绝缘解决方案。 ...

Core Viewpoint - Gude Electric Materials is preparing for an IPO, with significant involvement from the founder's family, while facing challenges in both domestic and international markets due to changing tariff policies and competitive pressures in the electric vehicle sector [1][12][20]. Group 1: Company Background and Ownership Structure - Gude Electric Materials was established in 2008, initially focusing on electrical insulation materials and later expanding into the electric vehicle sector [2]. - The founder, Zhu Guolai, has increased his ownership stake to 70% after previous shareholders exited the company [5][6]. - Zhu Guolai directly holds 46.76% of the company, with family members also holding significant shares, indicating a strong family influence in the company's governance [22][24]. Group 2: Financial Performance - The company reported revenues of 4.75 billion yuan, 6.51 billion yuan, 9.08 billion yuan, and 4.58 billion yuan from 2022 to the first half of 2025, with net profits of 640.59 million yuan, 1 billion yuan, 1.72 billion yuan, and 811.61 million yuan respectively [10][11]. - By mid-2025, the electric vehicle battery thermal runaway protection components contributed 67.3% of the company's main business revenue [12]. Group 3: Market Challenges - Gude Electric Materials has seen a significant decline in orders from General Motors, with a 50.36% drop in sales in the first nine months of 2025 compared to the previous year, attributed to tariff uncertainties and inventory adjustments [18][20]. - The company has increasingly relied on exports, with foreign sales rising from 15.50% of total revenue in 2022 to 44.29% in 2024 [14]. Group 4: IPO and Fundraising Plans - The company aims to raise 1.176 billion yuan through its IPO, which is higher than its total assets of 1.13 billion yuan as of mid-2025 [28][29]. - A portion of the raised funds will be allocated to supplement working capital, despite the company having cash reserves of 271.37 million yuan [29].

Group 1 - The core viewpoint of the article is that Gude Electric Materials (Suzhou) Co., Ltd. has submitted its IPO registration to the Shenzhen Stock Exchange, focusing on components for thermal runaway protection in electric vehicle batteries and electrical insulation products [1] - The company aims to raise approximately 1.176 billion yuan through this IPO [1] - The IPO process began with acceptance on June 27, 2025, followed by an inquiry phase starting on July 11, and the approval meeting took place on December 19 [1]

Group 1 - The core viewpoint of the news is that Gude Electric Materials (Suzhou) Co., Ltd. has successfully passed the IPO review by the Shenzhen Stock Exchange, marking it as the 98th company approved for listing this year [1] - Gude Electric Materials specializes in the research, production, and sales of thermal runaway protection components for new energy vehicle batteries and electrical insulation products [2] - The company plans to raise approximately 1.175 billion yuan (117,571.15 million yuan) through its IPO, which will be used for the production of 7.25 million sets of new thermal runaway protection components and the construction of a production base for battery protection materials [2] Group 2 - The main questions raised during the listing committee meeting focused on the sustainability of the company's operating performance growth, customer demand, existing orders, and the capacity digestion of the fundraising projects [3] - The underwriter for Gude Electric Materials is Dongwu Securities, which has successfully sponsored four IPO projects this year [1][2]

Core Viewpoint - Three companies have successfully passed the IPO review today, with a total fundraising amount of 2.146 billion yuan [1] Group 1: Company Overview - The companies that passed the IPO review include Changda Group, Tud Electric Materials, and Saiying Electronics, with respective fundraising amounts of 700 million yuan, 1.175 billion yuan, and 270 million yuan [2][3] - Tud Electric Materials plans to use the raised funds for the production of 7.25 million sets of new energy vehicle thermal runaway protection components and related R&D projects [3][30] Group 2: Financial Performance - Tud Electric Materials reported rapid revenue growth from 475 million yuan in 2022 to 908 million yuan in 2023, with a fluctuating net profit [13] - The company’s revenue from new energy vehicle thermal runaway protection components has been a major contributor to its income growth, accounting for 67.30% of total revenue in the first half of 2025 [15][16] Group 3: Market and Industry Dynamics - The global battery system safety protection market is expanding, with the mica material market size at 2.62 billion yuan, representing approximately 28.26% of the total market [13] - The demand for thermal runaway protection materials is closely linked to the development of the new energy vehicle industry and related policies [18][26] Group 4: Investment Projects - The fundraising plan includes investments in the production of thermal runaway protection components and the establishment of a production base for battery thermal runaway protection materials, with a total investment of 1.176 billion yuan [30][31] - The projected annual revenue from the new investment projects is estimated to be 2.095 billion yuan once they reach full production capacity [29][30] Group 5: Regulatory Focus - Regulatory inquiries have focused on the sustainability of revenue growth, technological innovation, and core competitiveness of the companies, particularly Tud Electric Materials [3][12][23] - The company has been asked to clarify the impact of industry subsidy policies and tariff changes on its performance and future growth potential [20][21]

Group 1 - The core viewpoint of the article is that Gude Electric Materials (Suzhou) Co., Ltd. has successfully passed the IPO review for the ChiNext board, focusing on components for thermal runaway protection in electric vehicle batteries and electrical insulation products [1] - The company aims to raise approximately 1.176 billion yuan through this IPO, which is a significant amount for its growth and development [1] - The IPO process began with the acceptance of the application on June 27, 2025, followed by the inquiry stage on July 11, 2025 [1] Group 2 - The listing committee has requested Gude Electric Materials to provide an analysis of the sustainability of its business performance growth, considering industry trends, customer demand, existing orders, and 2025 profit forecasts [1] - The company is also required to address potential risks of significant performance decline and outline specific countermeasures if such risks exist [1]