8 月 26 日晚，中国证监会对禾赛科技、海伟电子新材料境内企业境外发行上市予以确认，2 家均为赴港上市备案。 1、禾赛科技 拟发行不超过 51,236,200 股境外上市普通股并在香港联合交易所上市。 据彭博社今年 5 月引述消息报道，禾赛科技已以保密形式提交香港上市申请。 该公司于 2023 年 2 月 9 日在纳斯达克上市，当时以每股 19 美元，发行了 1000 万股，募集资金 1.9 亿美元。截至 2025 年 8 月 26 日收盘，禾赛科技每股报 26.67 美元，总市值 35.33 亿美元。 禾赛科技是全球领先的激光雷达研发与制造企业，专注于为自动驾驶、机器人及工业应用提供高性能3D激光雷达解决方案。 财务方面，2024 年及 2025 上半年，禾赛科技营收分别为 20.77 亿元、 12.32 亿元，相应的净利润分别为 -1.02 亿元、2654 万元。 2、海伟电子新材料 拟发行不超过 47,423,000 股境外上市普通股并在香港联合交易所上市。 2 月 26 日，海伟电子新材料向港交所递交招股书，拟香港主板上市，目前该招股书已经失效。 海伟电子新材料成立于 2006 年，是一家电容器薄膜 ...

Core Viewpoint - The article discusses the acquisition plan of Taifu Pump Industry Co., Ltd. to purchase at least 51% of Zhejiang Nanyang Huacheng Technology Co., Ltd., marking a strategic shift towards new business areas, particularly in capacitor film production, to enhance growth potential amid stagnant performance in the traditional pump manufacturing sector [1][2][6]. Group 1: Acquisition Details - Taifu Pump Industry plans to acquire a controlling stake in Nanyang Huacheng, which will become a subsidiary post-transaction [2]. - The acquisition is expected to constitute a significant asset restructuring but will not involve issuing new shares or changing the controlling shareholder [2]. Group 2: Business Background - Nanyang Huacheng, established in 2021, specializes in the research, production, and sales of BOPP film materials for capacitor applications, holding the largest market share in China for capacitor polypropylene electronic film materials in 2023 [4]. - Taifu Pump Industry primarily focuses on the research, production, and sales of civil water pumps, including land pumps, small submersible pumps, and energy-saving pumps [5]. Group 3: Financial Performance - Taifu Pump's revenue showed a significant increase from 561.33 million yuan in 2021 to 743.37 million yuan in 2024, but net profit has declined from 61.12 million yuan in 2021 to 12.17 million yuan in 2024 [8]. - In Q1 of this year, Taifu reported a revenue of 167 million yuan, a year-on-year decrease of 3.0%, while net profit increased by 115.0% to 21.81 million yuan [9]. Group 4: Industry Context - The water pump industry is experiencing intense competition, leading to stagnant profit growth for Taifu, prompting the need for diversification through the acquisition [9]. - The article highlights that many peers in the pump industry have also faced challenges, leading to business transformations, with examples of companies like Dongyin Co. and Xinjie Pump Industry shifting their focus away from traditional manufacturing [10][11].

Core Viewpoint - Taifu Pump Industry plans to acquire at least 51% of Nanyang Huacheng's shares in cash, aiming to gain control and include it in consolidated financial statements. The transaction is still in the planning stage [2][4]. Group 1: Company Overview - Taifu Pump Industry, established in 1993, was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in May 2021. The company specializes in the research, production, and sales of civil water pumps [4]. - Nanyang Huacheng focuses on the research, production, and sales of BOPP film materials for film capacitors, holding the largest market share in China for capacitor polypropylene electronic film materials in 2023 [4]. Group 2: Industry Context - The pump industry is experiencing stable growth, but competition is intensifying, leading to sluggish profit growth for listed companies. Taifu Pump Industry aims to introduce new production capabilities through this acquisition to create a "second growth curve" [4]. - Film capacitors are critical components in electrical systems, widely used in strategic emerging industries such as new energy vehicles and intelligent power systems. The demand for high-performance film capacitors is increasing as power systems evolve towards intelligence, efficiency, and sustainability [4]. Group 3: Financial Performance - For 2024, Taifu Pump Industry is projected to have a revenue of 743 million yuan, a year-on-year increase of approximately 4%, but a significant drop in net profit by 76.35% to 12.65 million yuan. In Q1 2025, revenue is expected to decline by 2.96% to 167 million yuan, while net profit is anticipated to rise by 115.04% to 21.81 million yuan [5].