瑞财经 吴文婷近日，内蒙古旭阳新材料股份有限公司（以下简称"旭阳新材"）北交所IPO获受理。 本次IPO的保荐机构为长江证券承销保荐有限公司，保荐代表人为许超、仝金栓，会计师事务所为容诚会计师事务所（特殊普通合伙），律师事务所为上海 市锦天城律师事务所。 旭阳新材是一家专业从事有色金属功能粉体及浆料材料的研发、生产、销售的高新技术企业，主要产品包括微细球形铝粉、铝颜料等铝基产品，球形锌粉、 片状锌粉等锌基产品，铜颜料等铜基产品，多种合金粉产品及光变材料、高色素炭黑等新开发产品。 目前，公司已与PPG、艾仕得、巴斯夫、阿克苏诺贝尔、立邦、关西涂料、宣伟、湘江涂料等知名国际涂料企业建立了稳定的合作关系。 据招股书，2022年-2024年及2025上半年，旭阳新材实现营收分别为8.78亿元、9.99亿元、11.08亿元、6.04亿元；归母净利润分别为7269万元、8963.09万 元、7366.06万元、3687.19万元。 | | /2025年1月-6月 /2024年度 /2023年度 日/2022年度 | | --- | --- | | 项目 资产总计(元) | 2025年6月30日 2024年12月31日 2 ...

瑞财经 吴文婷近日，内蒙古旭阳新材料股份有限公司（以下简称"旭阳新材"）北交所IPO获受理。 本次IPO的保荐机构为长江证券承销保荐有限公司，保荐代表人为许超、仝金栓，会计师事务所为容诚会计师事务所（特殊普通合 伙），律师事务所为上海市锦天城律师事务所。 旭阳新材是一家专业从事有色金属功能粉体及浆料材料的研发、生产、销售的高新技术企业，主要产品包括微细球形铝粉、铝颜料等 铝基产品，球形锌粉、片状锌粉等锌基产品，铜颜料等铜基产品，多种合金粉产品及光变材料、高色素炭黑等新开发产品。 近年来，随着社会经济的发展和人们生活水平的提高，终端消费者对诸多消费品的外观和性能都提出了更高的要求。 而铝颜料作为铝粉的传统应用行业之一，可通过特定的生产工艺赋予产品独特的色彩光泽、优异的耐候性能、致密的包覆遮盖能力， 广泛应用于涂料、油墨、塑胶等行业，进一步应用在汽车、3C产品、信息屏蔽材料、铁路船舶、印刷业、服装丝印、吹塑、淋塑、注 塑等细分行业。 根据Research Nester的研究报告，2024年度，全球铝颜料市场规模约为5.5091亿美元，2025年度，全球铝颜料市场规模预计超过8.7107 亿美元，预计到2035年将 ...

瑞财经 吴文婷近日，内蒙古旭阳新材料股份有限公司（以下简称"旭阳新材"）北交所IPO获受理。 本次IPO的保荐机构为长江证券承销保荐有限公司，保荐代表人为许超、仝金栓，会计师事务所为容诚会计师事务所（特殊普通合伙），律师事务所为上海 市锦天城律师事务所。 旭阳新材是一家专业从事有色金属功能粉体及浆料材料的研发、生产、销售的高新技术企业，主要产品包括微细球形铝粉、铝颜料等铝基产品，球形锌粉、 片状锌粉等锌基产品，铜颜料等铜基产品，多种合金粉产品及光变材料、高色素炭黑等新开发产品。 目前，公司已与 PPG、艾仕得、巴斯夫、阿克苏诺贝尔、立邦、关西涂料、宣伟、湘江涂料等知名国际涂料企业建立了稳定的合作关系。 据招股书，2022年-2024年及2025上半年，旭阳新材实现营收分别为8.78亿元、9.99亿元、11.08亿元、6.04亿元；归母净利润分别为7269万元、8963.09万 元、7366.06万元、3687.19万元。 | 项目 | 2025年6月30日 2024年12月31日 2023年12月31日 2022年12月31 | | | | --- | --- | --- | --- | | | /2025年 ...

公司主要财务指标 | 财务指标/时间 | 2024年 | 2023年 | 2022年 | | --- | --- | --- | --- | | 营业收入（万元） | 110840.08 | 99932.44 | 87848.95 | | 归属母公司股东的净利润（万元） | 7366.06 | 8963.09 | 7269.00 | | 扣除非经常损益后归属母公司所有者净利润（万元） | 6895.48 | 6837.38 | 6037.74 | | 基本每股收益（元） | 0.6200 | 0.7500 | 0.6300 | | 稀释每股收益（元） | 0.6200 | 0.7500 | 0.6300 | | 加权平均净资产收益率（%） | 12.02 | 15.60 | 14.82 | | 经营活动产生的现金流量净额（万元） | 4263.76 | -5749.27 | -5986.80 | （文章来源：证券时报网） 根据北交所公开发行并上市信息，内蒙古旭阳新材料股份有限公司（旭阳新材）北交所IPO已获受理。 公司是一家专业从事有色金属功能粉体及浆料材料的研发、生产、销售的高新技术企业，主要产品包括 微细 ...

IPO Review and Registration Progress - Three companies passed the IPO review last week, including Zuxing New Materials, Mirui Technology, and Jintai Co., with Zuxing New Materials focusing on aluminum pigments and fine spherical aluminum powder, reporting revenue of 578 million yuan and net profit of 60 million yuan for the first three quarters of 2025, reflecting year-on-year growth of 10.98% and 35.47% respectively [3][4] - Mirui Technology, engaged in smart network cameras and IoT video products, reported revenue of 549 million yuan, a decline of 0.95%, and net profit of 51 million yuan, down 12.93% for the same period [4] - Jintai Co., specializing in sponge titanium products, achieved revenue of 1.272 billion yuan, up 12.43%, and net profit of 155 million yuan, an increase of 52.68% [4] New IPO Applications and Upcoming Reviews - Five new IPO applications were accepted last week, including Ma Mining Co., which focuses on iron ore resource development, reporting a revenue of 2.057 billion yuan and net profit of 659 million yuan from 2022 to 2024 [8][9] - Zhongke Kehua, a semiconductor packaging materials company, reported revenue of 331 million yuan and net profit of 34 million yuan for 2024, with plans to raise 598 million yuan through its IPO [9] - Yulong Technology, a precision control board manufacturer, reported revenue of 1.095 billion yuan and net profit of 121 million yuan for the first half of 2025, with a significant portion of its revenue coming from BOE Technology Group [10][11] New Stock Subscription and Listing Dynamics - Three new stocks were listed last week, including Jingchuang Electric, which saw a price increase of 330.74% on its first day, and China Uranium Industry, which rose by 280.04% [13] - This week, five new stocks are scheduled for subscription, including Yuxun Co., which focuses on optical communication chips and expects a net profit of 92 million to 98 million yuan for 2025, reflecting a year-on-year growth of 18.15% to 25.86% [14][15]

Core Viewpoint - The company, Zuxing New Materials, has successfully broken the foreign monopoly in the aluminum pigment sector and is poised for growth in high-value industries such as new energy and semiconductors through its upcoming IPO and innovative technologies [1][6]. Group 1: Company Growth and Financial Performance - Zuxing New Materials has achieved a revenue growth of 265% over the past decade, with projected revenues reaching 788 million yuan by 2025 [2][3]. - The company has increased its domestic market share to over 11%, establishing stable partnerships with global coating giants [1][3]. - The company’s total assets have grown from 350 million yuan to 966 million yuan, and net assets have increased from 275 million yuan to 807 million yuan during the same period [2]. Group 2: Technological Innovation and Market Position - Zuxing New Materials has developed seven core technologies in aluminum pigment production, establishing a strong technological moat [4][5]. - The company has successfully replaced foreign products in the high-performance aluminum pigment market, becoming a benchmark for domestic alternatives [4][5]. - Zuxing New Materials has been recognized as a key player in the new energy vehicle supply chain, supplying major automotive companies like BYD and Seres [1][5]. Group 3: IPO and Future Investments - The company plans to raise 208 million yuan through its IPO, focusing on high-end projects such as high-purity micro-fine spherical aluminum powder [6][7]. - The investment will enhance the company’s capabilities in high-performance aluminum pigments and improve product quality through technological upgrades [7]. - The market for micro-fine aluminum powder is expected to reach 3.789 billion yuan by 2030, indicating significant growth potential for the company [7]. Group 4: Strategic Partnerships and Market Expansion - Zuxing New Materials has established long-term collaborations with international coating companies, enhancing its competitive edge [3][4]. - The company is positioned to benefit from the growing demand in sectors like photovoltaics and aerospace, further solidifying its market presence [6][8]. - The upcoming listing on the Beijing Stock Exchange is expected to optimize the company's governance structure and enhance its brand influence [8].

Group 1: IPO Market Overview - The IPO market this week (December 1-5) shows a trend of "stable review and orderly listing," with three companies from the Beijing Stock Exchange passing the review [2] - As of December 5, the IPO queue status across various boards includes: Shanghai Main Board with 3 accepted and 11 in inquiry, Shenzhen Main Board with 2 accepted and 8 in inquiry, Sci-Tech Innovation Board with 3 accepted and 21 in inquiry, Growth Enterprise Market with 2 accepted and 11 in inquiry, and Beijing Stock Exchange with 3 accepted and 152 in inquiry [2] Group 2: Company Profiles - **Mirei Technology**: Focuses on smart network cameras and IoT video products, with revenue from 2022 to the first half of 2025 being 549 million, 673 million, 743 million, and 357 million respectively, and corresponding net profits of approximately 39.15 million, 71.58 million, 81.66 million, and 32.18 million [3][4] - **Zuxing New Materials**: Established in 2007, specializes in aluminum pigments and fine spherical aluminum powder, with revenues from 2022 to the first half of 2025 being 629 million, 690 million, 707 million, and 363 million respectively, and net profits of approximately 42.98 million, 64.82 million, 55.86 million, and 30.30 million [4][5] - **Jintai Co., Ltd.**: Engaged in the research, production, and sales of sponge titanium products, with revenues from 2022 to the first half of 2025 being 1.369 billion, 1.684 billion, 1.559 billion, and 877 million respectively, and net profits of approximately 56 million, 129 million, 137 million, and 111 million [5] Group 3: Recent Listings - **Moore Threads**: Officially listed on the Sci-Tech Innovation Board on December 5, opening at 650 CNY per share, a 468.78% increase from the issue price of 114.28 CNY, with a closing price of 600.50 CNY, reflecting a 425.46% increase [6][8] - **China Uranium Corporation**: Listed on the Shenzhen Main Board on December 3, closing at 67.99 CNY per share, a single-day increase of 280.04%, with a total market value exceeding 140.62 billion CNY [10] Group 4: Fundraising and Future Plans - Moore Threads plans to use the funds raised from its IPO for the development of next-generation AI training and inference chips, graphics chips, and to supplement working capital, aiming to enhance its technological innovation and product development [9]

Group 1: Zuxing New Materials - Zuxing New Materials plans to raise 208 million yuan through its IPO, targeting projects such as the construction of a 5,000-ton high-purity micro-fine spherical aluminum powder production facility, a 1,000-ton high-performance aluminum pigment for powder coatings, and a technology upgrade for high-performance aluminum silver paste [1] - Since its establishment in 2007, the company has focused on the application research and product development of aluminum pigments and micro-fine spherical aluminum powder, which are categorized as functional powder materials in the non-ferrous metal industry [1] - The company's aluminum pigment products are widely used in coatings, printing inks, and plastic materials, with applications in various manufacturing sectors including automotive, 3C products, home appliances, aerospace, engineering machinery, and construction materials [1] - Major clients include international paint giants such as AkzoNobel, PPG, Nippon Paint, and BASF, as well as well-known domestic companies [1] - Revenue figures for Zuxing New Materials from 2022 to the first half of 2025 are 629 million yuan, 690 million yuan, 707 million yuan, and 363 million yuan, respectively, with net profits of 52 million yuan, 87 million yuan, 59 million yuan, and 36 million yuan [1] Group 2: Mirui Technology - Mirui Technology aims to raise 314 million yuan through its IPO for projects including the construction of a research and development center and headquarters [2] - The company specializes in smart network cameras and IoT video products, integrating hardware, software, cloud services, and AI in its offerings [2] - As of the reporting period, Mirui Technology holds 98 authorized domestic patents, including 26 invention patents, and 100 overseas patents [2] - The company's products and services are available in North America, Europe, Asia, and Oceania, with presence in major retail and online platforms such as Walmart and Amazon [2] - Revenue figures for Mirui Technology from 2022 to the first half of 2025 are 549 million yuan, 673 million yuan, 743 million yuan, and 357 million yuan, respectively, with net profits of 39 million yuan, 71 million yuan, 82 million yuan, and 32 million yuan [2] Group 3: Jintai Co., Ltd. - Jintai Co., Ltd. plans to raise 405 million yuan through its IPO for a 20,000-ton high-end aerospace sponge titanium project [3] - The company is a high-tech enterprise primarily engaged in the research, development, production, and sales of sponge titanium products, having established itself as a leading domestic and internationally recognized production base for high-end sponge titanium [3] - Jintai's high-end sponge titanium products are widely used in aerospace, national defense, and military industries, including applications in Long March rockets, new fighter jets, and aircraft engines [3] - Since its inception, the company has provided over 190,000 tons of sponge titanium for various sectors including aerospace and marine engineering [3] - Revenue figures for Jintai Co., Ltd. from 2022 to the first half of 2025 are 1.369 billion yuan, 1.684 billion yuan, 1.559 billion yuan, and 877 million yuan, respectively, with net profits of 56 million yuan, 129 million yuan, 137 million yuan, and 111 million yuan [3]

Core Viewpoint - Zuxing New Materials Co., Ltd. successfully passed the IPO review at the Beijing Stock Exchange, aiming to raise 208 million yuan for expansion projects in high-purity aluminum powder and high-performance aluminum pigments [1][6]. Company Overview - Established in 2007, Zuxing New Materials focuses on the research and development of aluminum pigments and fine spherical aluminum powder, categorized under functional powder materials in the new materials industry [3]. - The company ranks second in the domestic powder coating industry for aluminum silver powder applications and third globally in high-performance aluminum pigment production and sales, marking it as an "invisible champion" [3]. Product Applications - Zuxing's fine spherical aluminum powder is utilized in various sectors, including chemicals, modern pesticides, refractory materials, self-heating materials, new energy (solar electronic slurry), military aerospace (solid propellants, lightweight alloys), and nuclear waste treatment [3]. - The aluminum pigment products are widely used in coatings, printing inks, and plastics, serving industries such as automotive, 3C products, home appliances, aerospace, engineering machinery, and construction materials [5]. Market Position - The company has successfully broken the monopoly of foreign firms like ECKA, Toyo, and Starborn in the mid-to-high-end aluminum pigment market [5]. - Notable clients include multinational paint giants such as AkzoNobel, PPG, Nippon Paint, and BASF, as well as domestic companies like Songzi Co. and Xiangjiang Paint [5]. Financial Performance - From 2022 to the first half of 2025, Zuxing reported revenues of 629 million yuan, 690 million yuan, 707 million yuan, and 363 million yuan, with net profits of 42.98 million yuan, 64.82 million yuan, 55.86 million yuan, and 30.30 million yuan respectively [6]. - The company meets the IPO listing standards with an expected market value of no less than 200 million yuan and net profits exceeding 15 million yuan in the last two years [6]. IPO Journey - This marks Zuxing's third attempt at an IPO, having previously withdrawn applications for the ChiNext in 2016 and 2020 before successfully applying to the Beijing Stock Exchange [8]. - The IPO process took nearly 9 years and 7 months from the initial application to the successful review, illustrating the company's perseverance [8].

Core Viewpoint - Zuxing New Materials Co., Ltd. is set to enter the capital market following the successful review of its IPO application, leveraging its core technology in fine spherical aluminum powder and aluminum pigment products in the non-ferrous metal functional powder materials sector [1][3]. Group 1: Company Overview - Established in 2002, Zuxing New Materials is one of the earliest companies in China to engage in the research and production of fine spherical aluminum powder, with a focus on R&D, production, and sales of aluminum pigments [3]. - The company has an annual production capacity of 25,000 tons for fine spherical aluminum powder and 6,400 tons for aluminum pigments, ranking among the top domestic enterprises [3]. - Zuxing's subsidiary, Qujing Huayixing, achieved a domestic market share of 22.63% and a global market share of 15.03% in 2024, solidifying its position in the industry [3]. Group 2: Technological Advantages - Zuxing New Materials holds 89 authorized patents, including 48 invention patents, and has established itself as a key player in setting industry standards for aluminum pigments [4]. - The company has successfully broken the monopoly of large multinational corporations in high-end products, achieving large-scale production of advanced aluminum pigments [4]. - Its water-based aluminum pigment products for automotive coatings have reached international advanced levels and have been certified under the IATF 16949:2016 automotive quality management system [4]. Group 3: Market Strategy - The company employs a vertically integrated supply chain strategy, ensuring stable raw material supply and high-quality production processes [5]. - Zuxing focuses on the mid-to-high-end market, avoiding low-end market competition, and its aluminum silver powder ranks second in the domestic powder coating industry [5]. - The company has established a global customer network, supplying major multinational paint companies and domestic enterprises [5]. Group 4: Growth Initiatives - The IPO aims to raise 208 million yuan for three strategic projects, including the construction of a high-purity fine spherical aluminum powder production line and a high-performance aluminum pigment project [6]. - The market for fine spherical aluminum powder is expected to grow steadily, with production in China projected to reach 103,000 tons in 2024 [6]. - The company is positioned to benefit from the expanding global nuclear power market through its specialized products for nuclear waste treatment [6]. Group 5: Sustainability Efforts - Zuxing New Materials is committed to green manufacturing, aligning with the industry's low-carbon transformation trends [7]. - Its aluminum silver powder for powder coatings is environmentally friendly and efficient, supporting the production of chemical pesticides and self-heating food packaging [7]. - The successful IPO marks a new development phase for Zuxing, aiming to enhance its global leadership in fine spherical aluminum powder and aluminum pigments while supporting strategic industries like automotive lightweighting and renewable energy [7].