Core Points - N Zhigao (920101) was listed on the Beijing Stock Exchange today, opening at 68.00 yuan, representing a 290.58% increase from its issue price [2] - The company specializes in the research, production, sales, and service of drilling rigs and screw machines [2] - The company's public offering consisted of 21.4815 million shares at an issue price of 17.41 yuan, with an initial price-to-earnings ratio of 14.50 times [2] - The effective subscription amount for the online offering was 4,201,917.57 million shares, resulting in a subscription multiple of 2059.00 times and an allocation ratio of 0.05% [2] Financial Performance - The company's net profits for 2022, 2023, and 2024 are projected to be 88.9874 million yuan, 104 million yuan, and 105 million yuan, respectively [3]

IPO Review and Registration Progress - The recent surge in IPO applications has led to 9 new IPO applications being accepted in the last week [2] - Notable companies include Yue Long Technology, Hao De CNC, Hai Sheng Medical, Yong Li Precision, Mei De Le, and Da Ya Co., with various business focuses ranging from fluid transport to medical devices and precision steel pipes [2][3][4] - Hai Sheng Medical reported a revenue of 3.04 billion yuan for 2024, a slight decrease of 0.7% year-on-year, with a net profit of 710 million yuan, down 9.12% [3] - Yong Li Precision expects revenues of 5.68 billion yuan and a net profit of 950 million yuan in 2024, with a growing reliance on major clients [4] - Mei De Le anticipates revenues of 11.38 billion yuan and a net profit of 2.11 billion yuan in 2024, with a significant portion of revenue coming from the new energy battery sector [4] New IPOs and Fundraising - Shaanxi Tourism's IPO has been accepted, aiming to raise 1.555 billion yuan for various tourism-related projects [5][6] - The company integrates tourism performance, cableway operations, and project management, leveraging local resources [5] - Aifenda has submitted its IPO registration, seeking to raise approximately 665 million yuan for production line upgrades and working capital [9] - Tianfu Long has received approval for its IPO, planning to raise 790 million yuan for production projects [9] Market Trends and Regulatory Developments - The Shanghai government aims to cultivate 3-5 unicorns in the rehabilitation assistive devices sector by 2027, promoting investment and efficiency in the industry [12] - Guangdong province encourages fintech companies to go public, engage in mergers and acquisitions, and issue special corporate bonds to enhance digital financial development [13]

IPO Review and Registration Progress - Four new IPO applications were accepted last week, with the first IPO on the Shanghai main board this year being Longyu Group, which aims to raise 700 million yuan [2][3] - Longyu Group's main business involves zirconium products, special nylon products, and fine chemical products, with over 70% of revenue coming from zirconium products, although its gross margin is declining [2][3] - The company reported revenues of 1.669 billion yuan in 2022, 1.607 billion yuan in 2023, and 1.637 billion yuan in 2024, with net profits of 257 million yuan, 188 million yuan, and 205 million yuan respectively [3] - Shenglong Co., a large molybdenum company, plans to raise 1.53 billion yuan and reported a revenue of 2.864 billion yuan in 2024, a 46.3% increase year-on-year [3] - Two new IPOs were accepted on the Beijing Stock Exchange: Peicheng Technology and Kanghua Co., with Peicheng's revenue declining by 4.02% in 2024 [3][4] Upcoming IPOs - Three companies, Zhigao Machinery, Shichang Co., and Hai'an Rubber, are scheduled for IPO meetings this week, with Hai'an Rubber aiming to raise 2.952 billion yuan [5][6] - Hai'an Rubber's revenue growth has significantly slowed, with a revenue increase of only 2.19% in 2024 compared to previous years [6] - Zhigao Machinery plans to raise 395 million yuan, while Shichang Co. aims for 171 million yuan [7] New Stock Subscription and Listing Dynamics - Three new stocks are scheduled for subscription this week, with a total expected fundraising of 1.332 billion yuan [10] - Youyou Green Energy plans to issue shares at 89.6 yuan each, aiming to raise approximately 941 million yuan, exceeding its original target by 34% [10] - The company reported a revenue of 1.497 billion yuan in 2024, an 8.85% increase, but a net profit decline of 4.6% [10] - Jiao Da Tie Fa aims to raise 168 million yuan, while Ying Shi Innovation plans to raise 464 million yuan for their respective projects [11] Policy and Regulatory Developments - The China Securities Association updated the list of D-class sponsor representatives, adding eight new names from various securities firms [13] - The Ministry of Finance announced administrative penalties against several securities evaluation institutions and asset appraisers following quality checks [14] - The Shenzhen Stock Exchange is focusing on supporting the computing chip industry through reforms and enhancing the service system from "IP" to "IPO" [15]

Core Viewpoint - This week, three companies are scheduled for IPO meetings, with a total fundraising target of approximately 35.18 billion yuan [1][2]. Group 1: Upcoming IPOs - Three companies are set to attend IPO meetings from May 26 to May 30, including Hai'an Rubber, Zhigao Machinery, and Shichang Co., Ltd. [1][2] - Hai'an Rubber plans to raise the most funds, with an expected amount of 29.52 billion yuan, aimed at expanding production and upgrading technology for giant all-steel engineering tires, among other projects [2][3]. - Zhigao Machinery and Shichang Co., Ltd. aim to raise 3.95 billion yuan and 1.71 billion yuan, respectively [2][4]. Group 2: Company Profiles - Hai'an Rubber specializes in the research, production, and sales of giant all-steel engineering tires and mining tire management [3]. - Zhigao Machinery focuses on the research, production, sales, and service of drilling rigs and screw machines [4]. - Shichang Co., Ltd. is engaged in the research, production, and sales of automotive fuel systems [5].