本次冲击上市，有研复材拟募集资金约9亿元，拟投资于先进金属基复合材料产业化项目二期、研发中 心项目、补充流动资金。 据了解，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品的研发、生产和销售的 高新技术企业，业务分为金属复合材料及制品和特种有色金属合金制品板块。公司IPO于2025年6月30 日获得受理，当年7月21日进入问询阶段；2025年12月12日公司上会获得通过，并于12月13日提交注 册。 北京商报讯(记者马换换王蔓蕾)过会次日，有研金属复合材料(北京)股份公司(以下简称"有研复材")科创 板IPO"火速"提交注册。12月13日，上交所官网显示，有研复材IPO已进入提交注册阶段。 ...

Group 1: IPO Review Highlights - This week, the A-share IPO review market demonstrated high activity and efficiency, with 7 companies successfully passing the review, achieving a 100% approval rate and setting a record for the highest number of reviews in a single week this year [2] - The companies reviewed span across the core sectors of the Shanghai, Shenzhen, and Beijing stock exchanges, indicating a balanced distribution: 1 from the Shanghai main board, 1 from the Sci-Tech Innovation Board, 2 from the Growth Enterprise Market, and 3 from the Beijing Stock Exchange [2] - Among the 7 companies, 6 were accepted for review within a year, with 5 having submitted their applications only about six months ago, highlighting the capital market's role in supporting technological innovation and the real economy [2] Group 2: Company Financials - **Guangzhou Huigu New Materials Technology Co., Ltd.**: Revenue for 2022-2024 was 664 million, 717 million, and 817 million CNY, with net profits of 26 million, 106 million, and 146 million CNY respectively [3] - **Chengdu Hongming Electronics Co., Ltd.**: Revenue for 2022-2024 was 3.146 billion, 2.727 billion, and 2.494 billion CNY, with net profits of 690 million, 598 million, and 386 million CNY respectively [4] - **Anhui Linping Circular Development Co., Ltd.**: Revenue for 2022-2024 was 2.879 billion, 2.800 billion, and 2.485 billion CNY, with net profits of 154 million, 212 million, and 153 million CNY respectively [5][6] - **Shandong Yuelong Rubber and Plastic Technology Co., Ltd.**: Revenue for 2022-2024 was 189 million, 219 million, and 268 million CNY, with net profits of 47.9 million, 60.8 million, and 83.6 million CNY respectively [7] - **Youyan Metal Composite Materials (Beijing) Co., Ltd.**: Revenue for 2022-2024 was 414 million, 498 million, and 610 million CNY, with net profits of 24 million, 45 million, and 55 million CNY respectively [9] - **Jiangsu Yuanli Digital Technology Co., Ltd.**: Revenue for 2022-2025 was 502.85 million, 527.15 million, 544.88 million, and 285.49 million CNY, with net profits of 60.94 million, 73.85 million, 82.03 million, and 43.44 million CNY respectively [10] - **Guangdong Meiya Tourism Technology Group Co., Ltd.**: Revenue for 2022-2025 was 457.39 million, 353.51 million, 400.95 million, and 182.65 million CNY, with net profits of 23.96 million, 69.26 million, 75.02 million, and 36.16 million CNY respectively [11] Group 3: New Listings - **Bai Ao Sai Tu**: Listed on the Sci-Tech Innovation Board on December 10, 2023, after previously listing on the Hong Kong Stock Exchange, raising approximately 1.267 billion CNY [12] - **Transsion Holdings**: Plans to achieve dual listing in A-share and Hong Kong, with a projected smartphone shipment of 201 million units in 2024, capturing 14% of the global market share [13] - **Shangdingxin**: A power semiconductor supplier, has re-applied for listing on the Hong Kong Stock Exchange after a previous application lapsed [14] - **Dazhu CNC**: Previously listed on the A-share market, has submitted a second application for listing on the Hong Kong Stock Exchange [15] - **Huaxida**: Reapplying for listing after a previous application lapsed, focusing on smart home solutions [16] - **Xihua Technology**: A leading company in edge AI chips, showing significant growth with a compound annual growth rate of 67.8% from 2022 to 2024 [18] - **Ledong Robotics**: A leading intelligent robotics company, has submitted a second application for listing on the Hong Kong Stock Exchange, with cumulative losses of 212 million CNY over the past three and a half years [19]

在上市委会议现场，上市委要求有研复材结合公司主要产品的市场空间、竞争格局、客户开拓及进展、 在手订单、影响经营业绩的不利因素等，说明公司相关产品的成长性、收入的可持续性、募投项目新增 产能的合理性，以及经营业绩是否存在大幅波动风险。 另外，上市委要求有研复材结合报告期内研发人员变动情况，说明研发人员认定是否合理，是否符合公 司实际情况。 北京商报讯（记者 马换换 李佳雪）12月12日晚间，上交所官网显示，有研金属复合材料（北京）股份 公司（以下简称"有研复材"）科创板IPO当日上会获得通过。 据了解，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品的研发、生产和销售的 高新技术企业，业务分为金属复合材料及制品和特种有色金属合金制品板块。公司科创板IPO于2025年 6月30日获得受理，并于当年7月21日进入问询阶段。本次冲击上市，有研复材拟募集资金约9亿元。 ...

Group 1 - A total of 7 companies are scheduled for IPO meetings from December 8 to December 12, with the highest fundraising target set by Hongming Electronics at 1.951 billion yuan [1][9] - Hongming Electronics plans to invest in high-energy pulse capacitor industrialization, working capital, and various electronic component projects [1] - Other companies include Linping Development and Huigu New Materials, with fundraising targets of 1.2 billion yuan and 900 million yuan respectively [1] Group 2 - Linping Development focuses on the research, production, and sales of corrugated paper and boxboard products [3] - Huigu New Materials specializes in the research, production, and sales of functional resins and coatings [4] - Hongming Electronics is engaged in the research, production, and sales of new electronic components, primarily resistive-capacitive components [5] Group 3 - Yuyuan Composite Materials is involved in the research, production, and sales of metal composite materials and special non-ferrous metal alloy products [6] - Yuelong Technology focuses on the research, production, and sales of flexible pipelines for fluid transport, including marine and land oil and gas pipelines [7] - Meiya Technology provides comprehensive business travel services, including travel ticketing and management [8] Group 4 - The companies are distributed across various provinces, with two from Guangdong, and one each from Jiangsu, Shandong, Sichuan, Anhui, and Beijing [1] - The underwriting institutions include CITIC Securities and Zhongtai Securities for several of the companies [2]

Group 1 - The upcoming week will see 7 companies present for IPO review, marking the highest number of companies reviewed in a single week since September 2023 [1][22] - In December, the IPO review process has accelerated, with 3 companies successfully passing review in the first week and a total of 10 companies reviewed in less than half a month [1][22] - Among the 7 companies scheduled for review, 6 have been accepted for less than a year, and 5 of them were submitted for review in May and June 2025, indicating a shift towards prioritizing quality over timing in the review process [1][22][2] Group 2 - The 7 companies scheduled for review include 2 on the ChiNext board, 3 on the Beijing Stock Exchange, 1 on the Sci-Tech Innovation Board, and 1 on the Shanghai Main Board [2][24] - The companies and their respective details are as follows: - **HuiGu New Materials**: Focuses on polymer materials, with revenue from 2022 to mid-2025 showing growth from 66.36 million to 81.69 million CNY [4][25] - **LinPing Development**: Engaged in the production of corrugated paper products, with revenue decreasing from 287.89 million to 122.38 million CNY over the same period [5][26] - **YueLong Technology**: Specializes in flexible pipeline products, with revenue increasing from 18.90 million to 26.75 million CNY [6][27] - **HongMing Electronics**: Focuses on electronic components, with revenue decreasing from 314.61 million to 152.80 million CNY [7][28] - **YouYan Composite Materials**: Engaged in metal composite materials, with revenue increasing from 41.44 million to 60.96 million CNY [8][30] - **YuanLi Digital**: In the 3D digital content production industry, with revenue increasing from 50.29 million to 54.49 million CNY [9][31] - **MeiYa Technology**: A comprehensive travel solution provider, with revenue decreasing from 45.74 million to 18.27 million CNY [10][32] Group 3 - As of December 5, 2025, a total of 266 companies have valid IPO counseling records, indicating a growing trend in the number of companies seeking IPO approval [12][33] - The top three counseling institutions are Guotai Junan with 36 companies, CITIC Securities with 30, and Zhongjin Company and CITIC JianTou both with 18 [34][35] - The leading regions for new counseling companies are Guangdong with 52, Zhejiang with 36, and Jiangsu with 35 [14][36] Group 4 - The total number of IPO projects queued at the Shanghai, Shenzhen, and Beijing exchanges is 289, with the Beijing Stock Exchange having the highest number at 170 [15][37] - Recent weeks have seen an increase in the number of companies submitting for IPO approval, with 5 companies successfully accepted in the latest week [16][37]

在首轮审核问询函中，有研复材产品和市场、核心技术、历史沿革等问题遭到追问。 北京商报讯(记者马换换李佳雪)11月19日，上交所官网显示，有研金属复合材料(北京)股份公司(以下简 称"有研复材")科创板IPO对外披露了首轮审核问询函回复。 据了解，有研复材是一家主要从事金属复合材料及制品、特种有色金属合金制品的研发、生产和销售的 高新技术企业，业务分为金属复合材料及制品和特种有色金属合金制品板块。公司科创板IPO于2025年 6月30日获得受理，并于当年7月21日进入问询阶段。 本次冲击上市，有研复材拟募集资金9亿元，将投入先进金属基复合材料产业化项目二期、研发中心项 目、补充流动资金。 ...

Core Viewpoint - Youyan Metal Composite Materials (Beijing) Co., Ltd. is advancing its IPO on the Sci-Tech Innovation Board, aiming to raise approximately 900 million yuan for various projects and working capital [1] Group 1: Company Overview - Youyan Metal Composite Materials is a high-tech enterprise focused on the research, production, and sales of metal composite materials and special non-ferrous metal alloy products [1] - The company's business is divided into two segments: metal composite materials and special non-ferrous metal alloy products [1] Group 2: IPO Details - The IPO application was accepted on June 30, 2025, and entered the inquiry stage on July 21, 2025 [1] - The funds raised will be allocated to the second phase of the advanced metal matrix composite materials industrialization project, a research and development center project, and to supplement working capital [1] Group 3: Financial Performance - For the first half of 2025, Youyan Metal Composite Materials reported an operating income of approximately 240 million yuan and a net profit attributable to shareholders of about 14.41 million yuan [1] - Historical financial data shows the following operating income and net profit from 2022 to 2024: - 2022: Operating income of approximately 414 million yuan, net profit of about 58.31 million yuan - 2023: Operating income of approximately 498 million yuan, net profit of about 53.88 million yuan - 2024: Operating income of approximately 610 million yuan, net profit of about 65.55 million yuan [1]

Core Viewpoint - Youyan Composite Materials (Beijing) Co., Ltd. has submitted its prospectus for an initial public offering (IPO) on the Sci-Tech Innovation Board, with CITIC Securities as the sponsor [1] Group 1: Business Overview - Youyan Composite Materials specializes in the research, production, and sales of metal composite materials and special non-ferrous metal alloy products, which are applied in aerospace, military electronics, and smart terminals [1] - The revenue share of metal composite materials and products is projected to increase from 59.19% in 2022 to 72.80% in 2024, indicating a strong upward trend [2] - The company has become a major supplier for globally recognized water heater companies such as Rheem and A.O. Smith [1] Group 2: Financial Performance - The company's revenue for the reporting period is approximately 414 million yuan, 498 million yuan, and 610 million yuan for 2022, 2023, and 2024 respectively [2] - The net profit attributable to the parent company is approximately 58 million yuan, 54 million yuan, and 66 million yuan for the same years, showing fluctuations despite revenue growth [2] - The comprehensive gross profit margin has shown a declining trend, recorded at 29.81%, 28.50%, and 27.74% over the reporting period due to various market factors [5] Group 3: IPO and Fund Utilization - The company aims to raise 900 million yuan through the IPO, which will be allocated to the second phase of the advanced metal matrix composite materials industrialization project, a research and development center project, and to supplement working capital [4][7] - The total investment for the advanced metal matrix composite materials industrialization project phase II is approximately 644.5 million yuan [7]