北交所首次覆盖报告 特高压绝缘材料领军者，掘金国产替代+新能源高成长 ——北交所首次覆盖报告 2025 年 07 月 03 日 投资评级：增持（首次） | 日期 | 2025/7/3 | | --- | --- | | 当前股价(元) | 78.61 | | 一年最高最低(元) | 78.80/50.00 | | 总市值(亿元) | 69.54 | | 流通市值(亿元) | 23.24 | | 总股本(亿股) | 0.88 | | 流通股本(亿股) | 0.30 | | 近 3 个月换手率(%) | 242.9 | 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 绝缘纤维材料领域专业供应商，750kV 及以上特高压技术领军者 公司是绝缘纤维材料及其成型制品的专业供应商，产品主要应用于输变电系统、 电气化铁路及轨道交通牵引变压系统、新能源产业以及军工装备等领域。公司 为国内少数具备 750kV 及以上超/特高压等级绝缘纤维材料产品生产能力的企 业之一，同时也是行业内为数不多的产品覆盖所有电压等级的绝缘纤维材料生产 厂商及绝缘方案提供商。2022-2 ...

【环球网财经综合报道】6月26日，湖南广信科技股份有限公司（以下简称"广信科技"或"公司"）正式登陆北交 所。 广信科技自2004年成立以来，便锚定绝缘纤维材料及其成型制品领域，以成为行业领军者为目标，开启了艰辛而 又充满希望的创业征程。 经过近二十年的发展，广信科技已成为绝缘纤维材料及其成型制品领域的专业供应商，其产品广泛应用于输变电 系统、电气化铁路及轨道交通牵引变压系统、新能源产业以及军工装备等关键领域。无论是城市的电网建设，还 是高速飞驰的高铁，亦或是蓬勃发展的新能源项目，都能看到广信科技产品的身影，为众多国家重点项目和行业 发展筑牢根基。 技术引领 坚持创新驱动发展战略 凭借优质的产品和卓越的服务，广信科技在市场拓展方面成绩斐然。凭借先进的技术实力、优质的产品和丰富的 行业经验，公司吸引了大量优秀客户，与国内众多知名变压器、电机生产单位建立了良好的合作关系，诸如特变 电工、山东电工电气、正泰电气、保变电气和山东泰开等行业知名企业。 同时，公司也培育和发展一批有实力的经销商。公司通过和经销商的长期合作，将产品销售至申达电气集团有限 公司、哈尔滨变压器有限责任公司、云南变压器电气股份有限公司、西安日立能 ...

截至2025年6月29日，北交所挂牌公司共268家，总股本376.41亿股，流通股本239.97亿股。 从成交量上来看，上周（6月23日-6月29日），北交所周成交量为72.94亿股，环比上周增加13.32%；周成交金额为1705.34亿元，环比上周增加18.22%。 | 项目 | 本周 | 比上周增减(%) | 本年累计 | | --- | --- | --- | --- | | 成交数量 (亿股) | 72.94 | 13.32% | 1618.27 | | 成交金额(亿元) | 1705.34 | 18.22% | 34353.89 | | 成交均价（元） | 23.38 | 4.33% | 21.23 | 上周（6月23日-6月29日)，北证50指数周跌6.84%至1439.63点。北证50成分股中，48只上涨，0只平盘，2只下跌。 新股发行方面，6月23日-6月29日，北交所有1家公司挂牌、1家公司通过上市委员会议、48家公司上市申请获受理，无公司申购、无公司提交注册、无公司 获注册批复。 截至2024年6月29日，北交所还有138家公司处于待审状态。其中，"已受理"64家、"已问询"60家、"上市 ...

本周（6月30日—7月4日），A股市场仅有1只新股申购，为创业板的同宇新材（301630）。 招股书显示，公司主营业务系电子树脂的研发、生产和销售，主要应用于覆铜板生产。公司产品主要包 括MDI改性环氧树脂、DOPO改性环氧树脂、高溴环氧树脂、BPA型酚醛环氧树脂、含磷酚醛树脂固化 剂等系列。 公司本次发行募集资金将投资于年产20万吨电子树脂项目（一期）和补充流动资金。 值得一提的是，近期上市的新股持续表现强势。上周登陆北交所的广信科技首日收盘上涨500%报60元/ 股，盘中最高至63.97元/股暴涨近540%。 该股将于本周二申购，公司单一账户申购上限为10000股，顶格申购需持深市市值10万元。值得注意的 是，该股发行价为84元/股，为今年以来A股市场发行价第三高的新股。 电子树脂作为制作覆铜板的三大原材料之一（树脂、增强材料和铜箔），对覆铜板性能存在至关重要的 影响，覆铜板是加工印制电路板（PCB）的基础材料，印制电路板是电子元器件的支撑体也是电气链接 的载体。电子树脂、覆铜板和印制电路板，已然成为现代电子产品中不可或缺的重要组成部件，最终被 广泛应用于智能家电、工业控制、计算机、消费电子、汽车电子、通 ...

村里来新人了。 6月26日，湖南广信科技股份有限公司（以下简称广信科技）正式登陆北交所， 成为今年湖南第一家登陆A股市场的上市公司，也是邵阳市首家在北交所 上市的企业。 这家企业有啥来头？湖南今年还会有企业登陆A股吗？ 广信科技上市仪式现场。王亮 摄 1 聚焦绝缘新材料，广信科技有几把"刷子" 作为今年湖南首家登陆A股市场的上市公司，广信科技不一般。 广信科技位于邵阳市新邵县，是绝缘纤维材料及其成型制品的专业供应商，产品主要应用于输变电系统、轨道交通牵引变压系统、新能源产业等领域。 这个领域看起来不起眼，但广信科技做到了极致，也做出了成绩。 自2004年成立以来，广信科技持续深耕绝缘材料领域，攻克了多项特高压绝缘相关的技术难题，是国内少数具备750kV以上特高压等级绝缘纤维材料产品 生产能力的企业之一。 尤其是2009年，其研发设计的超高压绝缘纤维材料成功打破国外技术垄断，多项核心技术被认定为国际先进或国际领先水平。 目前，作为国内绝缘材料的领先企业之一，广信科技已成长为国家级专精特新"小巨人"企业，坐拥"湖南省特种纸及纸板工程技术研究中心"等三个省级科 研技术平台。 截至2024年末，广信科技已拥有有效专利 ...

| | 血净 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 301595 | 太力 科技 | 2025.05.19 | 218.48 | 4586.76 | 3.66 | 0.00 | | 688755 | 汉邦 | 2025.05.16 | 102.46 | 4176.33 | 5.48 | 0.00 | | | 科技 | | | | | | | 301636 | 泽润 | 2025.05.16 | 99.52 | 2306.48 | 2.31 | 0.00 | | | 新能 | | | | | | | 920068 | 天工 | 2025.05.13 | 411.93 | 681.83 | 0.54 | 0.00 | | | 股份 | | | | | | | 301560 | 众捷 | 2025.04.25 | 179.39 | 3208.37 | 3.01 | 0.00 | | | 汽车 | | | | | | | 001400 | 江顺 | 2025.04.24 | 78.53 | 1922.83 | 1.92 | 0.00 | | ...

Core Viewpoint - Hunan Guangxin Technology Co., Ltd. (stock code: 920037.BJ) was listed on the Beijing Stock Exchange, with a significant opening price of 50.00 CNY and a closing price of 60.00 CNY, resulting in a 500% increase and a total market capitalization of 5.308 billion CNY [1] Company Overview - Guangxin Technology specializes in the supply of insulating fiber materials and their molded products, primarily used in power transmission and transformation systems, electrified railways, new energy industries, and military equipment [1] - Before the issuance, Wei Dongyun held 45.65% of the company's shares, and Wei Yaqin held 15.15%, together controlling 60.80% of the company [1] Financial Performance - The company reported revenues of 304.29 million CNY in 2022, 420.07 million CNY in 2023, and 577.54 million CNY in 2024, with net profits of 14.72 million CNY, 49.40 million CNY, and 116.17 million CNY respectively [6][7] - The revenue growth rates were 38.05% in 2022 and 37.49% in 2023, while net profit growth rates were significantly higher at 235.55% and 135.14% [6] - For Q1 2025, the company achieved a revenue of 17.51 million CNY, a 54.48% increase year-on-year, with net profit reaching 4.37 million CNY, up 128.53% from the previous year [8] Fundraising and Investment Plans - Guangxin Technology raised a total of 200 million CNY, with a net amount of 171.06 million CNY after deducting issuance costs, which were 28.94 million CNY [4] - The funds will be allocated to the expansion of electrical insulation new materials, the construction of a research and development center, and to supplement working capital [5] Future Projections - The company expects revenues for the first half of 2025 to be between 360 million CNY and 390 million CNY, representing a year-on-year growth of approximately 38.63% to 50.19% [9][10] - Projected net profits for the same period are estimated to be between 90 million CNY and 100 million CNY, indicating a growth of 78.65% to 98.50% [9][10]

国泰君安国际再异动。 A股市场今天（6月26日）上午整体窄幅震荡，国防军工等板块领涨。另外，A股市场今天有一只新股上市，为广信科技，盘中涨幅一度超过500%。 港股市场方面今天上午整体表现平淡，恒生指数上午多数时间小幅下跌。不过在板块和个股方面，港股市场有多只券商股异动，其中国泰君安国际今日上午 走势出现惊人一幕，在大涨近90%后又意外高台跳水，甚至一度转跌，后又有所拉起。此外，港股胜利证券今天上午也突然暴涨，盘中涨幅一度超过 160%。 A股市场整体窄幅震荡 新股广信科技上午盘中大涨超过500% A股市场今天有一只新股上市，为广信科技，盘中涨幅一度超过500%。 | | N广信(920037) 2025年06月26日 星期四 PageUp/Down:前后日 空格链:操作 | | | | | | | ロ × | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | N广信 分时(静态) ◎ 相对今开 18.42% | | | 1 | | 11:28 | 59.20 | 2 | | | 62.85 | Manni | | | 528.5% | 11: ...

Company Overview - N Guangxin (920037) was listed on the Beijing Stock Exchange today, opening at 50.00 yuan, representing a 400.00% increase from the issue price [2] - The company focuses on the research, production, and sales of high-performance insulating fiber materials and their molded products, primarily used in power transmission and transformation systems, electrified railways, new energy industries, and military equipment [2] IPO Details - The company issued 20 million shares at an issue price of 10.00 yuan, with an earnings per share (EPS) ratio of 7.61 times [2] - The online issuance was 16 million shares, which was increased to 19 million shares due to an oversubscription mechanism, with 3 million shares allocated to online investors, accounting for 15.00% of the initial issuance [2] - The total effective subscription for the online issuance was approximately 55,254,937.78 million shares, resulting in a subscription multiple of 2908.15 times and an allocation ratio of 0.03% [2] Financial Performance - The company's projected net profits for 2022, 2023, and 2024 are 14.72 million yuan, 49.44 million yuan, and 116 million yuan, respectively [3]

Core Viewpoint - Guangxin Technology (920037.BJ) has been listed on the Beijing Stock Exchange, focusing on the manufacturing of insulation products, with a strong market position in high-voltage insulation materials [1][3][7]. Company Overview - Guangxin Technology specializes in insulation fiber materials and their molded products, primarily used in power transmission and transformation systems, electrified railways, new energy industries, and military equipment [7]. - The company is one of the few in China capable of producing insulation fiber materials for ultra/high voltage levels (750kV and above) and has broken foreign technology monopolies in this field since 2009 [7]. - It is recognized as a "national-level specialized and innovative" small giant enterprise and has established several provincial research and technology platforms [7]. Financial Performance - The company reported revenues of 304 million yuan, 420 million yuan, and 578 million yuan for the years 2022, 2023, and 2024, respectively, with net profits of 14.72 million yuan, 49.4 million yuan, and 116 million yuan [8]. - Research and development expenditures were 12.06 million yuan, 15.18 million yuan, and 15.47 million yuan for the same years, representing 3.97%, 3.62%, and 2.68% of total revenues [8]. Market Position and Relationships - Guangxin Technology has established long-term partnerships with leading transformer manufacturers, becoming a core supplier of insulation materials [8]. - The company’s main raw material, unbleached sulfate needle pulp, constitutes about 60% of production costs, which may affect profitability due to limited bargaining power with major clients [9]. Fundraising and Investment Plans - The company plans to raise funds for various projects, including 130 million yuan for expanding electrical insulation new materials, 40 million yuan for R&D center construction, and 30 million yuan for working capital [6].