一、IPO排队企业情况 截至7月27日，IPO排队企业305家，其中沪主板排队企业30家，科创板排队企业36家，深主板排队企业 26家，创业板排队企业30家，北交所排队企业183家。 中国上市公司网/文 2025年7月21日-2025年7月27日期间IPO动态各个阶段速览： | 序号 | IPO 板块 | 受理 | 问询 | 通过 | 中止 | 提交注册 | 合计 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 沪主板 | 2 | 24 | 0 | 0 | র্ব | 30 | | 2 | 科创板 | 0 | 31 | 0 | 1 | 4 | 36 | | 3 | 深主板 | 3 | 16 | 5 | 0 | 2 | 26 | | র্ব | 创业板 | 0 | 26 | 3 | 0 | 1 | 30 | | 5 | 北交所 | 19 | 127 | 3 | 26 | 8 | 183 | | 统计 | | 24 | 223 | 12 | 27 | 19 | 305 | 二、新增上市企业情况 7月21日至7月27日期间，山东山大电力技术股份有限 ...

本报记者 王僖 炎炎夏日，全国电网经历用电高峰考验之际，7月23日，深耕电力系统智能监测领域二十余年的山东山 大电力技术股份有限公司（以下简称"山大电力"），成功在深交所创业板上市，正式开启资本市场助力 发展的新篇章。 当前，我国电力行业正处于深刻变革与快速发展的关键时期。随着"双碳"目标的持续推进和"新型电力 系统"建设的全面展开，电网智能化改造升级加速，新能源产业蓬勃发展，为山大电力带来了前所未有 的发展机遇。 深度参与电力系统建设 我国电力系统历经几十年的发展，已发展成为一个庞大的高度系统化基建系统，而在对电力系统中发生 的故障或异常情况进行监测的二次设备领域，也经历了从绝大部分都采用进口测控设备到目前设备基本 国产化的发展历程。 作为最早进入电网监测行业的企业之一，山大电力自2001年成立以来，坚持自主研发，紧跟行业发展趋 势和市场需求，迭代开发出涵盖输电、变电、配电、用电领域的多系列产品体系和应用平台，如故障录 波监测装置、输电线路故障监测装置和时间同步装置等产品都处于细分行业领先地位，这些产品为保障 电力系统的安全稳定运行发挥着关键作用。 努曼陀罗商业战略咨询创始人霍虹屹表示，我国电力系统正在经历 ...

Core Viewpoint - Shandong University Electric Power Technology Co., Ltd. (referred to as "Shanda Electric") successfully went public on July 23, 2023, on the Shenzhen Stock Exchange's ChiNext board, raising significant capital and achieving a remarkable first-day stock performance [1][2]. Group 1: Company Overview - Shanda Electric was established in 2001 with a registered capital of 122.16 million yuan, focusing on the research and industrialization of intelligent products related to power systems [2]. - The company operates in two main business segments: intelligent monitoring of power grids and new energy, with products widely used in substations, transmission lines, and distribution networks [2]. - Shanda Electric holds over 180 intellectual property rights and has participated in the formulation of multiple national and industry standards, earning various honors such as "Little Giant" enterprises and provincial-level champions [2]. Group 2: IPO Details - The company issued 40.72 million shares at an initial price of 14.66 yuan per share, with a first-day opening price of 87.7 yuan, resulting in a first-day increase of 498.23% and a total market capitalization of 142.85 billion yuan [1]. - By the end of the first trading day, the stock closed at 66.85 yuan, reflecting a 356% increase and a market capitalization of 109 billion yuan, with a turnover rate of 82.89% [1]. Group 3: Financial Performance - Shanda Electric's total revenue for 2022, 2023, and 2024 is projected to be 478 million yuan, 549 million yuan, and 658 million yuan, respectively, with year-on-year growth rates of 9.76%, 14.8%, and 19.85% [4]. - The net profit attributable to shareholders for the same years is expected to be 76.99 million yuan, 103 million yuan, and 127 million yuan, with growth rates of 1.06%, 33.53%, and 23.18% [4]. - In Q1 2025, the company reported revenues of 111 million yuan and a net profit of 17.32 million yuan, with year-on-year growth rates of 12.02% and 15.91%, indicating stable performance [4]. Group 4: Market Position and Risks - A significant portion of Shanda Electric's revenue comes from sales to the State Grid and its subsidiaries, accounting for approximately 73.34%, 69.81%, and 69.61% of total sales from 2022 to 2024, which poses a risk of revenue volatility [4].

Core Points - Shandong Shanda Electric Power Technology Co., Ltd. (stock code: 301609.SZ) was listed on the Shenzhen Stock Exchange's ChiNext board, opening at 87.70 yuan and closing at 66.85 yuan, with a market capitalization of 10.889 billion yuan and a trading volume of 2.222 billion yuan [1] Company Overview - Shanda Electric Power focuses on the research and industrialization of intelligent products related to power systems, with two main business segments: intelligent monitoring of power grids and new energy [1] - The company’s leading products include fault recording monitoring devices and transmission line fault monitoring devices, which are positioned at the forefront of their niche market [1] Shareholding Structure - Shandong Shanda Capital Operation Co., Ltd. holds 40.148% of the company's shares, making it the largest shareholder and effectively the controlling entity through its 100% ownership by Shandong University [1] Financial Performance - The company reported revenues of 478.28 million yuan, 549.08 million yuan, and 658.10 million yuan for the years 2022 to 2024, with net profits of 76.99 million yuan, 102.80 million yuan, and 126.64 million yuan respectively [6][7] - The company’s revenue from the intelligent monitoring segment accounted for over 84% of total revenue during the reporting period, with a significant concentration in the East China region [2] Fundraising and Investment Plans - The company raised 596.96 million yuan through its IPO, with a net amount of 528.45 million yuan after expenses, exceeding the initial target of 500 million yuan [4] - The raised funds will be allocated to projects including the production of intelligent monitoring devices, a research and development center, and new energy vehicle charging stations [5] Market Position and Growth Potential - The company has experienced a decline in its market share for transmission line fault monitoring devices, with bidding rates of 11.35%, 12.70%, and 4.75% over the reporting period [2] - The new energy segment, including electric vehicle charging stations and energy storage, has shown growth potential, although its revenue contribution remains relatively small [3] Future Projections - For the first half of 2025, the company projects revenues between 28 million and 30 million yuan, with net profits expected to range from 4.7 million to 5.1 million yuan [9]

Core Viewpoint - Shanda Electric Power (301609.SZ) successfully went public on July 23, 2023, with an initial share price of 87.7 CNY, representing a 498.23% increase from its offering price of 14.66 CNY, resulting in a market capitalization of approximately 14 billion CNY [2]. Company Overview - Shanda Electric Power originated from Shandong University, established in 2001 as Shandong Shanda Electric Power Technology Co., Ltd. with an initial investment of 6 million CNY from several stakeholders, including Shanda Capital, which is fully owned by Shandong University [5][6]. - The company is now the only listed entity under the "Shanda System" after the control of previously listed companies was transferred to state-owned assets [4][3]. Financial Performance - In 2022, Shanda Electric Power reported revenues of 4.78 billion CNY and a net profit of 0.77 billion CNY, which increased to 6.58 billion CNY in revenue and 1.27 billion CNY in net profit by 2024, marking a cumulative revenue growth of 37.6% and profit growth of 64.5% over two years [8][9]. - The company's gross profit margins are projected to improve from 41.24% in 2022 to 44.36% in 2024, indicating a steady enhancement in profitability [9]. Market Position and Strategy - Shanda Electric Power specializes in power system monitoring and has established itself as a leader in the industry, with its products recognized as internationally advanced or domestically leading [6]. - The company plans to raise 500 million CNY through its IPO to invest in various projects, including smart grid fault analysis and electric vehicle charging infrastructure, aiming to enhance production capacity and product offerings [9]. Industry Context - The electric power industry is experiencing a shift towards smart upgrades, creating new opportunities for companies like Shanda Electric Power, which is well-positioned to benefit from increased demand for intelligent monitoring solutions [11]. - The company has a significant reliance on State Grid Corporation, with over 69% of its sales coming from this client, highlighting a potential risk due to customer concentration [10]. Innovation and Research - Shanda Electric Power has effectively integrated research and development with practical applications, leveraging the talent and technology from Shandong University to drive innovation in the power monitoring sector [6][12]. - The trend of universities fostering startups and engaging with capital markets is growing, with Shanda Electric Power exemplifying this movement by transitioning from a research entity to a publicly traded company [12][15].

7月23日，上证指数午前突破3600点整数关口，为2024年10月8日以来首次。银行、券商带领大金融短线拉升，国盛金控涨停。 港股市场今天上午盘中明显走强，恒生指数 盘中涨幅超过0.8%。 沪指盘中再创年内新高 券商板块盘中拉升 A股市场今天上午整体涨跌互现，上证指数盘中继续走高，再度刷新年内新高，北证50指数盘中走弱。 行业板块和赛道方面，若按照申万一级行业划分，非银金融、钢铁、银行等板块盘中涨幅居前，国防军工等板块盘中走弱。 概念板块方面，雅江水电概念板块继续走强，再掀涨停潮，铁建重工、深水规院盘中继续"20cm"涨停，浙富控股、中国电建等十多只股票盘中继续涨停。 值得注意的是，临近上午收盘，被坊间称为"牛市旗手""行情风向标"的券商板块出现一波明显拉升。国盛金控拉升，并于盘中触及涨停。国信证券、哈投股份、广 发证券等股票跟涨。券商龙头中信证券临近上午收盘也出现拉升，盘中涨幅超过2%。 两只新股悉数大涨 今天A股市场有两只新股上市，上午盘中悉数大涨。 新股山大电力上午盘中涨幅一度超过500%，后涨幅收窄。 招股资料显示，山大电力是一家致力于电力系统相关智能产品技术研发与产业化的高新技术企业，基于在智能电网 ...

Group 1: Company Overview - Shanda Electric Power is an indirect holding company of Shandong University, primarily engaged in the research, manufacturing, sales, and service of smart grid monitoring and new energy-related products [1][5] - The company is recognized as a national-level specialized and innovative "little giant" enterprise and a gazelle enterprise in Shandong Province [1] - The main products include fault recording monitoring devices, transmission line fault monitoring devices, and time synchronization devices [1] Group 2: Financial Information - Shanda Electric Power's initial public offering (IPO) price was 14.66 CNY per share, with an institutional offering price of 15.06 CNY per share, resulting in a market capitalization of 2.388 billion CNY [2] - The company's earnings per share (EPS) is projected at a price-to-earnings (P/E) ratio of 19.57, compared to the industry average P/E ratio of 20.25 [2] - Revenue from the smart grid monitoring sector is expected to be 5.76 million CNY, accounting for 87.94% of total revenue, while the new energy sector is projected to contribute 0.79 million CNY, or 12.06% [6] Group 3: Fundraising and Investment Plans - Shanda Electric Power plans to allocate 1.35 billion CNY (27.00%) for smart grid fault analysis and intelligent distribution network equipment production projects [4] - The company intends to invest 1.80 billion CNY (36.00%) in a research and development center project [4] - Additional investments include 0.40 billion CNY (8.00%) for new energy vehicle smart charging pile production and 0.90 billion CNY (18.00%) for working capital [5] Group 4: Market Position and Client Relationships - Shanda Electric Power has established long-term stable partnerships with major clients such as State Grid and Southern Power Grid, enhancing its competitive edge in the smart grid monitoring and new energy sectors [5] - The company operates 17 liaison offices across major cities in China, covering 22 provinces, 5 autonomous regions, and 4 municipalities [5] Group 5: Risks and Challenges - The company has reported lower research and development (R&D) investment levels compared to industry peers, with R&D expenses of 31.43 million CNY, 37.58 million CNY, and 45.96 million CNY from 2022 to 2024, resulting in R&D expense ratios of 6.57%, 6.84%, and 6.98% respectively [6] - Shanda Electric Power is highly sensitive to revenue fluctuations from State Grid, with sensitivity coefficients of 1.53, 1.36, and 1.29 for the years 2022 to 2024 [6] Group 6: Company Overview (Jiyuan Group) - Jiyuan Group specializes in the research and industrialization of dietary nutritional supplements, providing nutritional raw materials and formulations [7] - The company has developed into a leading global supplier of HMB raw materials and high-quality glucosamine products [11] Group 7: Financial Information (Jiyuan Group) - Jiyuan Group's IPO price was 10.88 CNY per share, with an institutional offering price of 11.09 CNY per share, resulting in a market capitalization of 4.352 billion CNY [8] - The company has a projected P/E ratio of 25.51, with comparable companies showing higher dynamic P/E ratios [8] Group 8: Fundraising and Investment Plans (Jiyuan Group) - Jiyuan Group plans to invest 2.06 billion CNY (34.23%) in the construction of a nutritional health raw material production base [10] - Additional investments include 1.47 billion CNY (24.44%) for expanding the production line of nutritional health foods and 0.99 billion CNY (16.45%) for a technology innovation center [10] Group 9: Market Position and Client Relationships (Jiyuan Group) - The company has established partnerships with numerous global brands, including Abbott, Sanofi, and Nestlé, for the supply of HMB and other nutritional products [11] - Jiyuan Group's revenue from nutritional raw materials is projected to be 5.71 million CNY, 6.09 million CNY, and 6.47 million CNY from 2022 to 2024, maintaining a revenue contribution of over 60% [11]

难敌电网压价！ 作者 | 贝壳XY 编辑 | 小白 一场突如其来的猛烈暴风雨袭击了山区，导致通往110千伏输电线路的巡检道路严重受损，巡检车辆 寸步难行，人员更是难以靠近——这要搁在以前，数小时的焦心等待在所难免，毕竟随时都有大规模 断电的风险。 但现在，局面完全不同！只见监控大厅里，电网小哥指尖轻点鼠标，指令瞬间穿越风雨，直达数十米 高的输电杆塔。塔上，一个个忠诚的"电子哨兵"——输电线路可视化智能巡视终端闻令而动。 它们火速转动高清摄像头，精准扫描河道边、易滑坡山坡等危险区域，图像、环境数据瞬间回传，维 修工单"唰"地生成！小哥据此立刻锁定险情，指挥抢修力量直扑目标，将潜在的停电事故扼杀在萌 芽。 信通电子，就如同它的名字一样，最早从通信业务起家，主营通信综合运维智能终端、通信装维工 具、身份证识别器等，在业务办理、用户宽带等领域都有涉及。 整个巡检任务，就这样被这些部署广泛的"电子哨兵"高效、安全地扛了下来，将停电风险降至最低。 支撑这场科技巡检的，是一家成立近三十年的"电力设备老炮儿"——信通电子（001388.SZ）。如今 这位"老炮儿"终于叩响了深交所主板的大门，于7月1日成功上市，发行价16.4 ...

Investment Rating - The report maintains a "Recommended" investment rating for the photovoltaic industry [1]. Core Viewpoints - The Yarlung Zangbo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, is expected to significantly enhance electricity supply and contribute to carbon neutrality goals. The project will utilize abundant hydropower resources and promote the development of solar and wind energy in the surrounding areas [3]. - The project has an installed capacity of nearly 70 million kilowatts and an annual power generation capacity of 300 billion kilowatt-hours, which can meet the annual electricity needs of 300 million people and replace 90 million tons of standard coal, reducing carbon dioxide emissions by 300 million tons [3]. - The project is anticipated to strengthen the synergy between computing and electricity, benefiting the AIDC computing power industry chain [3]. Summary by Sections Project Overview - The Yarlung Zangbo River downstream hydropower project involves the construction of five cascade power stations and is expected to take about 10 years to complete, with production anticipated to start after 2035 [3]. - The project will enhance the utilization of "West-to-East Power Transmission" and support the national strategy of "East Data West Calculation" [3]. Investment Insights - The total investment of 1.2 trillion yuan may be adjusted upwards, with the investment in power transmission and transformation estimated to reach between 189 billion to 315 billion yuan [3]. - The report suggests that the actual investment may exceed initial estimates due to construction difficulties and uncertainties related to interest rates [3]. Beneficiaries in the Industry - The hydropower equipment supply chain is expected to benefit, with key players including Dongfang Electric, Shanghai Electric, and Harbin Electric, among others [3]. - The report highlights the stable demand for high-voltage transmission equipment and identifies major suppliers such as State Grid NARI, China XD Electric, and others as potential beneficiaries [3]. - The GIL (Gas Insulated Transmission Line) segment is entering a long-term growth cycle, with companies like China XD Electric and Pinggao Electric expected to benefit from the Yarlung Zangbo project [3]. Investment Recommendations - The report recommends focusing on the hydropower equipment and high-voltage equipment supply chains, specifically mentioning companies like Dongfang Electric, Shanghai Electric, and State Grid NARI [3]. - It also suggests monitoring the AIDC industry chain, including companies like Megmeet and Jinpan Technology [3].

内蒙古国合电力公司计划基建部部长王海波介绍，这条输电线路建设历时3个多月。"建设期间面对中蒙 两国建设标准差异、语言沟通障碍，以及戈壁极端气候的多重考验。"其间，40余人次中方团队深入戈 壁调试设备，开展应急演练和3次跨国技术培训，最终啃下了"硬骨头"。 据介绍，工程投运不仅解决了那林苏海图的电力刚需，更赋能策克口岸经济高质量发展。以清洁电力为 媒，这条戈壁上的输电线路，正为两地可持续发展注入绿色动能。(完) （文章来源：中国新闻网） 中新网阿拉善7月18日电 (陈峰潘蓓侍新元)18日12时53分，随着合闸指令在内蒙古自治区阿拉善盟策克 口岸下达，清洁电力从大漠戈壁出发，沿崭新的110千伏输电线路穿越国境，涌入蒙古国南戈壁省那林 苏海图矿区——内蒙古首条110千伏对蒙古国输电线路至此正式投运。 长期以来，蒙古国那林苏海图地区因电力短缺，矿产资源开发受限，矿区生产常因断电停滞。"中国团 队带来的先进技术和稳定电力，为我们的发展装上了'引擎'。"蒙古国那林苏海土电力公司董事长胡日 勒沙难掩激动，"现在能放心扩大开采规模，牧民生活用电也有了保障。"工程投用后，该地区供电量将 提升一倍。 这条"电力丝路"是内蒙古的重 ...