A股多只大牛股，有突发事件！ 12月31日晚间消息，上交所当天向天普股份下发监管工作函，涉及对象为上市公司、董事、高级管理人 员、控股股东及实际控制人；处理事由为关于宁波市天普橡胶科技股份有限公司涉嫌信息披露违规的监 管工作函。二级市场上，天普股份是一只大牛股，该公司股价2025年累计涨幅超过1600%。 大牛股铂力特也有突发事件。铂力特12月31日晚间公告，因公司涉嫌信息披露违法违规，证监会决定对 公司立案。在二级市场上，铂力特是一只商业航天概念大牛股，截至今日收盘，铂力特报111.51元/股， 总市值306亿元。值得关注的是，该股仅12月单月大涨近42%，今年累计涨幅超过180%。 同日晚间，启迪设计公告，公司涉嫌信披违法违规，被证监会立案。山东章鼓公告，因涉嫌定期报告财 务信息披露违法违规，中国证监会决定对公司进行立案。最近几天，涉嫌信息披露违法违规被证监会立 案的A股上市公司还有*ST熊猫、ST葫芦娃、ST长园、臻镭科技、大烨智能、派瑞股份等。 其中，臻镭科技也是商业航天概念大牛股。11月24日至12月26日期间，该公司股价累计上涨超145%。 在被立案调查公告披露后，臻镭科技的股价连续两个交易日大跌 ...

上交所向天普股份下发监管工作函 A股多只大牛股，有突发事件！ 12月31日晚间消息，上交所当天向天普股份下发监管工作函，涉及对象为上市公司、董事、高级管理人员、控 股股东及实际控制人；处理事由为关于宁波市天普橡胶科技股份有限公司涉嫌信息披露违规的监管工作函。二 级市场上，天普股份是一只大牛股，该公司股价2025年累计涨幅超过1600%。 大牛股铂力特也有突发事件。铂力特12月31日晚间公告，因公司涉嫌信息披露违法违规，证监会决定对公司立 案。在二级市场上，铂力特是一只商业航天概念大牛股，截至今日收盘，铂力特报111.51元/股，总市值306亿 元。值得关注的是，该股仅12月单月大涨近42%，今年累计涨幅超过180%。 同日晚间，启迪设计公告，公司涉嫌信披违法违规，被证监会立案。 山东章鼓公告，因涉嫌定期报告财务信 息披露违法违规，中国证监会决定对公司进行立案。 最近几天，涉嫌信息披露违法违规被证监会立案的A股上 市公司还有*ST熊猫、ST葫芦娃、ST长园、臻镭科技、大烨智能、派瑞股份等。 其中，臻镭科技也是商业航天概念大牛股。11月24日至12月26日期间，该公司股价累计上涨超145%。在被立 案调查公告披露 ...

Core Viewpoint - The company, Yihua Da (301029.SZ), is making a strategic investment in Micron (Jiangsu) 3D Technology Co., Ltd. to enhance its automation sector and strengthen industrial synergy while controlling investment risks [1] Investment Details - The total investment amount is RMB 25 million, with the company contributing RMB 20 million, representing 1.8868% of the registered capital post-investment [1] - The associated party, Mr. Jin Yuhan, will invest RMB 5 million, accounting for 0.4717% of the registered capital after the capital increase [1] Company Background - Micron 3D was established in September 2021 by a team of PhD graduates from Nanyang Technological University and Huazhong University of Science and Technology [1] - The company focuses on the industrial application of metal 3D printing equipment, providing comprehensive 3D printing solutions for dental, industrial, research, and educational users [1] - Micron 3D has developed a complete core technology closed loop covering equipment research and development, material science, process optimization, and intelligent software [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688333 证券简称：铂力特 公告编号：2025-051 西安铂力特增材技术股份有限公司 关于募投项目延期并重新论证的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 西安铂力特增材技术股份有限公司（以下简称"公司"）于2025年12月25日召开第三届董事会第二十五次 会议，审议通过了《关于募投项目延期并重新论证议案》，同意在募投项目实施主体、募集资金投资用 途及投资规模不发生变更的情况下，对募投项目预定可使用状态日期进行延期并重新论证。本事项在董 事会审批权限内，无需提交股东会审议。保荐机构出具了同意的核查意见。现将有关情况公告如下： 一、募集资金的基本情况 根据中国证券监督管理委员会出具的《关于同意西安铂力特增材技术股份有限公司向特定对象发行股票 注册的批复》（证监许可[2023]1444 号），同意公司向特定对象发行股票的注册申请。本次发行股票 32,048,107股，每股发行价格94.50元，募集资金总额为3,028,546,111.50元，扣除各项 ...

Group 1 - The core viewpoint emphasizes the importance of technological innovation as the primary driving force for development, with Shandong Province focusing on transforming old and new growth drivers to achieve high-quality development [1] - Hengfeng Bank is actively integrating finance with technology to support the new industrialization and advanced manufacturing goals in Shandong Province, with a reported 14% growth in technology financial loans by July 2025 compared to the beginning of the year [1] Group 2 - The case of Bodin Precision Intelligent Technology Co., Ltd. illustrates the challenges faced by high-growth technology enterprises, specifically the urgent need for capacity expansion amid tight cash flow [2] - Hengfeng Bank's Weifang branch created a multi-dimensional profile for Bodin Precision, incorporating R&D investment intensity and patent conversion efficiency into the core evaluation system, resulting in a tailored loan solution of 17 million yuan [3] Group 3 - Dongying City is transitioning from an "oil city" to a "green energy innovation city," with companies like Shandong Aite Electromechanical Technology Co., Ltd. focusing on energy-efficient equipment that reduces diesel consumption significantly [4] - Hengfeng Bank's Dongying branch provided a 5 million yuan loan to support Aite Electromechanical's capacity expansion and technology development, facilitating the green transformation of energy equipment [4] Group 4 - Shandong Chuangrui Laser Technology Co., Ltd. is leveraging its proprietary technology in metal 3D printing to address manufacturing bottlenecks in aerospace and medical industries, with plans for a smart manufacturing base requiring over 100 million yuan in funding [7] - Hengfeng Bank's Yantai Development Zone branch designed a comprehensive financing solution combining syndicate loans, central bank re-loans, and local government subsidies to meet the funding needs of Chuangrui Laser [7] Group 5 - Hengfeng Bank is committed to enhancing its local strategy by optimizing technology financial supply, offering flexible products, efficient services, and robust support to foster the integration of technological and industrial innovation in Shandong Province [8]

Investment Rating - The report maintains a "Buy" rating for the company [10][8]. Core Insights - The company reported a revenue of 667 million yuan for the first half of 2025, representing a year-on-year increase of 17.22%, and a net profit attributable to shareholders of 76 million yuan, up 9.98% year-on-year. In Q2 2025, revenue reached 440 million yuan, a year-on-year growth of 23.09% and a quarter-on-quarter increase of 93.80%, with a net profit of 91 million yuan, reflecting a year-on-year increase of 33.37% and a quarter-on-quarter surge of 710.46% [2][6]. Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 667 million yuan, with a net profit of 76 million yuan. Q2 2025 saw revenue of 440 million yuan and a net profit of 91 million yuan, indicating strong growth in both metrics [2][6]. Business Segments - The revenue from customized 3D printing products and technical services was 422 million yuan with a gross margin of 41.5%. Revenue from 3D printing equipment and accessories was 186 million yuan with a gross margin of 42.5%. The 3D printing materials segment generated 59 million yuan with a gross margin of 45.9% [12][13]. Market Position and Capacity Expansion - The company has established partnerships with nearly 3,300 entities and is recognized as the largest industrial base for metal additive manufacturing in China. The ongoing projects are expected to significantly enhance production capacity, including a new facility for high-quality additive manufacturing materials [12][13].

Core Viewpoint - The company, Hunan Huashu High-Tech Co., Ltd., has proposed a stock incentive plan involving the grant of 2,962,750 restricted stocks to 95 employees, aimed at enhancing employee motivation and aligning their interests with those of shareholders [2][3][5]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting restricted stocks sourced from the company's repurchase from the secondary market or through directed issuance [2][3]. - The total number of restricted stocks to be granted represents approximately 0.7153% of the company's total share capital of 414,168,800 shares [2][15]. Granting Conditions - The granting price for the restricted stocks is set at 21.90 yuan per share, with adjustments possible based on corporate actions such as stock dividends or capital increases [3][19]. - The plan is designed to motivate core technical personnel and other key employees, excluding external directors and supervisors [4][12]. Performance Metrics - The performance assessment period for the incentive plan spans from 2025 to 2027, with specific targets for net profit margin and revenue growth established for each year [20][24]. - The performance targets include a 10% net profit margin and varying revenue growth rates, starting from 70% in 2025 to 180% in 2027 [20][24]. Management and Approval Process - The plan requires approval from the company's shareholders and must be implemented within 60 days of approval [5][26]. - The board of directors, along with the remuneration and assessment committee, is responsible for overseeing the plan's execution and ensuring compliance with relevant regulations [11][27]. Adjustments and Compliance - Adjustments to the number and price of restricted stocks may occur due to corporate actions such as stock splits or dividends [31]. - The plan includes provisions to terminate or adjust the incentive if the company faces significant financial or regulatory issues [29][30].

Core Points - The company, Hunan Huashu High-Tech Co., Ltd., has announced a new stock incentive plan involving 2,962,750 shares, representing approximately 0.7153% of the total share capital at the time of the announcement [1][3] - The purpose of the incentive plan is to enhance corporate governance, attract and retain key management and technical personnel, and align the interests of shareholders, the company, and the core team [1][2] - The stock incentive plan is independent of the existing 2024 stock incentive plan, which has already granted 4,973,983 shares at a price of 10.25 yuan per share [2][3] Stock Incentive Plan Details - The stock incentive method is classified as second-class restricted stock, which will be granted to eligible participants at a price of 21.90 yuan per share [10][21] - The total number of shares involved in all active incentive plans is 7,936,733, which is about 1.9163% of the company's total share capital [4] - The incentive plan will be valid for a maximum of 48 months from the date of stock grant [6] Eligibility and Distribution - Eligible participants include core technical personnel and other individuals deemed necessary for motivation by the board, excluding external directors and significant shareholders [5][6] - The distribution of the restricted stock will be as follows: 123,750 shares for core technical personnel and 2,839,000 shares for other incentivized individuals [5] Performance Assessment - The performance assessment period for the incentive plan spans from 2025 to 2027, with specific revenue growth targets set for each year [13][16] - The assessment criteria include a minimum revenue growth rate of 10% for the first year, with increasing targets for subsequent years [13][16] Adjustments and Compliance - The number of shares and the grant price may be adjusted in response to corporate actions such as stock splits or capital increases [20][21] - The plan includes provisions for terminating the incentive for participants who do not meet eligibility criteria or who engage in misconduct [25][27]

Core Insights - The company is advancing its dual-track strategy by launching a metal 3D printing project in Jinjiang while simultaneously progressing through its IPO guidance process, indicating a strong commitment to leveraging capital markets for rapid growth [1][2]. Group 1: IPO Guidance Progress - Since the initiation of the IPO guidance in March 2023, the company has completed nine phases of guidance with the support of Zhongtai Securities, focusing on optimizing sustainable operational performance, enhancing corporate governance, and aligning with capital market policies [2][4]. - The company has implemented substantial measures to ensure a smooth IPO process, including increasing R&D investment to 12%, significantly above the industry average of 8%, and optimizing its intellectual property management system with over 150 patent applications, of which more than 40% are invention patents [4]. Group 2: Jinjiang Project Strategy - The Jinjiang metal 3D printing project represents a strategic component of the company's capital strategy, with a total investment of 150 million yuan, planned in two phases: the first phase focuses on a 5,000 square meter service and R&D center, while the second phase aims to expand production facilities [5][7]. - The project is strategically located in Jinjiang, known as "China's Shoe Capital," allowing direct engagement with major brands like Anta and Jordan, and has secured a strategic partnership with local leader Anyuan Mould, with expected first-year orders exceeding 30 million yuan [7][9]. - The project employs a hybrid business model of "equipment sales + printing services," with service business gross margins exceeding 50%, which is significantly higher than traditional equipment sales, enhancing overall profitability [7]. Group 3: Competitive Advantage and Market Position - The company has established a competitive edge in the 3D printing sector through 25 years of deep engagement, developing a comprehensive technology system covering equipment, materials, and software, particularly in metal 3D printing [10]. - Innovations such as the Fuees430 four-laser printer have improved production efficiency, reducing the traditional mold production cycle from 15 days to 7 days and cutting manufacturing costs by over 30%, leading to rapid recognition in the Jinjiang shoe industry cluster [12]. - The company’s strategic choice to diversify its technology portfolio by focusing on both photopolymerization and metal 3D printing reduces market risks and enhances future business expansion opportunities, positioning it favorably for valuation during the IPO [12]. Group 4: Capital Market Outlook - The company is expected to complete IPO guidance by the end of 2025 and submit its prospectus in the first half of 2026, with a potential valuation of 40-50 times PE, corresponding to a market capitalization of approximately 15-20 billion yuan [13]. - Key factors supporting this valuation include the company's leading position in the 3D printing field, the industrialization capabilities demonstrated by the Jinjiang project, and the high gross margin characteristics of its "equipment + service" business model [13][15]. - The successful IPO could provide substantial funding for breakthroughs in domestic metal 3D printing equipment and new material development, reflecting broader trends in China's manufacturing transformation under the "Made in China 2025" strategy [15].

Core Insights - The article highlights the advancements and capabilities of Luoyang Yingchuang Aurora Precision Manufacturing Co., Ltd. in the field of metal 3D printing, emphasizing its ambition to become a leading provider of additive manufacturing solutions both domestically and internationally [2][3]. Company Overview - Luoyang Yingchuang Aurora focuses on the manufacturing of metal 3D printing equipment and provides 3D printing services for various industries, including aerospace, aviation, commercial rockets, shipping, and new energy vehicles [2]. - The company has developed a complete industrial chain from equipment production to process research and development, offering customized services that significantly reduce product development cycles and customer trial-and-error costs [3]. Technological Innovations - The company possesses advanced metal 3D printing technology and has achieved breakthroughs in smart powder spreading and permanent dust removal systems, holding two invention patents related to "powder bin drying" and "new scraper drive" [4]. - In 2023, the company initiated a project to upgrade laser technology and additive manufacturing processes, investing over 100 million yuan to establish a service center, which is expected to generate an annual output value exceeding 100 million yuan [6]. Industry Development - The article discusses the importance of creating a robust metal 3D printing industry chain in Henan province, emphasizing the need for collaboration between academic institutions, core enterprises, and innovation to overcome technical bottlenecks [6]. - The province aims to leverage its strengths in local industries such as healthcare and automotive to drive technological advancements and achieve a transition from traditional manufacturing to intelligent manufacturing [6][7].