Summary of Key Points Core Viewpoint The Hong Kong Stock Exchange (HKEX) has seen significant activity in new listings and IPO applications, with notable performances from newly listed companies and ongoing interest from various sectors. Group 1: New Listings - On October 10, HKEX had two companies listed: ZhiDa Technology and JinYe International Group, with ZhiDa Technology closing up 192.14% at HKD 195.50 per share, giving it a market capitalization of approximately HKD 11.7 billion [3] - JinYe International Group saw a remarkable first-day increase of 330.00%, closing at HKD 2.15 per share, with a total market value of around HKD 860 million [3] Group 2: Ongoing IPO Applications - As of October 10, there are three companies currently undergoing the IPO process, with one completing its offering on the same day [4] - The companies include XuanZhu Bio-B, YunJi, and HaiXi New Drug, focusing on biopharmaceuticals and AI-enabled robotics [4] Group 3: Recent IPO Applications - From September 29 to October 10, a total of 35 companies submitted applications for listing on the main board of HKEX [8] - Notable applicants include: - LanNa Cheng, a clinical-stage biotech company focused on radiopharmaceuticals for cancer treatment [15] - JiMi Technology, a leading global brand in the projection industry [17] - WeiYi Holdings, a top player in China's digital health services market [21] - PuYuan Precision, the largest electronic measurement instrument supplier in China [23] - HuanChuang Technology, a leader in high-precision spatial perception solutions [26] - JingCun Technology, an independent manufacturer of embedded storage products [28] - MaiKeAoTe, a platform biotech company with core products in clinical trials [31] - JingShi Measurement and Control, focusing on flexible manufacturing solutions [33] - LuoShi Robotics, dedicated to the design and commercialization of intelligent robots [35] - ChangChun High-tech, a major player in the Chinese pharmaceutical industry [37] - JuXin Microelectronics, specializing in intelligent sensing and machine vision solutions [40] - BeiDa Pharmaceutical, a successful biopharmaceutical company in China [42] - LiOu Group, focusing on AI-driven digital marketing and smart systems [45] - Natural Hall, the third-largest domestic cosmetics group in China [47] - MiLian Technology, an online emotional social platform [50] - JingHe Integration, a global 12-inch pure wafer foundry [52] Group 4: Financial Performance - ZhiDa Technology's total market capitalization reached approximately HKD 11.7 billion on its first day [3] - JinYe International Group's market value was around HKD 860 million after its debut [3] - Financial data for various companies applying for IPOs indicates a mix of revenues and losses, with some companies like WeiYi Holdings projecting significant revenue growth from HKD 13.68 billion in 2022 to HKD 54.96 billion in 2024 [21] - Other companies like JingCun Technology expect revenue growth from HKD 20.96 billion in 2022 to HKD 37.14 billion in 2024 [28] Group 5: Risk Factors - Companies have disclosed various risk factors in their IPO applications, including reliance on successful drug approvals, competition, and market demand fluctuations [16][19][22][24][27][36][41][43][46]

2022年、2023年、2024年及2025年上半年，公司营业收入分别约为51.06亿元、43.25亿元、37.8亿元和 28.41亿元，净利润分别约为4.5亿元、4.25亿元、4.74亿元和5.47亿元，净利率分别为8.8%、9.8%、 12.5%和19.2%。 公司的客户主要包括全球多个地区(尤其是欧洲)的头部海上风电开发商及风电整机制造商，其中多数客 户保持严格的供应商资格标准。2022年、2023年、2024年及2025年上半年，公司前五大客户产生的收入 分别约为27.48亿元、22.85亿元、21亿元及21.69亿元，分别约占公司总收入的53.8%、52.8%、55.6%及 76.4%。 9月29日，大金重工（002487）股份有限公司向港交所递交招股说明书。 招股书显示，大金重工是一家海上风电核心装备供应商，公司于2010年在深圳证券交易所上市，是A股 首家风电塔桩上市公司。公司的客户主要包括全球领先海上风电开发商及风电整机制造商。公司海外收 入占总收入的比例，从2022年的16.4%提升至2025年上半年的79.0%。 战略布局全球深远海风电市场 据招股书介绍，大金重工为全球大型海上风电开发商提 ...

招股书显示，大金重工是一家海上风电核心装备供应商，公司于2010年在深圳证券交易所上市，是A股 首家风电塔桩上市公司。公司的客户主要包括全球领先海上风电开发商及风电整机制造商。公司海外收 入占总收入的比例，从2022年的16.4%提升至2025年上半年的79.0%。 战略布局全球深远海风电市场 据招股书介绍，大金重工为全球大型海上风电开发商提供风电基础装备"建造+运输+交付"一站式解决 方案。公司战略布局全球深远海风电市场，核心业务涵盖海上风电基础装备研发与制造、远洋特种运 输、船舶设计与建造、新能源开发与运营和风电母港运营等领域。 公司的客户主要包括全球多个地区（尤其是欧洲）的头部海上风电开发商及风电整机制造商，其中多数 客户保持严格的供应商资格标准。2022年、2023年、2024年及2025年上半年，公司前五大客户产生的收 入分别约为27.48亿元、22.85亿元、21亿元及21.69亿元，分别约占公司总收入的53.8%、52.8%、55.6% 及76.4%。 公司的供应商主要包括原材料供应商（主要为钢板、法兰、油漆及内附件）及运输服务供应商。2022 年、2023年、2024年及2025年上半年，公司 ...

制图：佘诗婕 净利润同比增长214.3% 大金重工（全程"大金重工股份有限公司"）成立于2000年，前身为辽宁大金钢结构工程（集团）有限公司。公 司总部位于辽宁省阜新市，是国内风电塔筒行业的首家上市公司。 大金重工是一家全球领先的海上风电核心装备供应商，深耕新能源行业近二十年，为全球大型海上风电开发商提 供风电基础装备"建造+运输+交付"一站式解决方案。 公司于2010年10月15日在深圳证券交易所上市。上市伊始，公司于业内率先提出"两海战略(海外风电市场和海 上风电市场)"，十余年间始终保持极强战略定力和执行力，秉持"防风险、破内卷，追求高质量发展"的核心经营 策略，公司出口海工风电装备业务规模快速提升，市场占有率业内领先。 星标 ★ IPO日报 精彩文章第一时间推送 9月29日，大金重工(002487.SZ)向港交所递交上市申请文件，拟主板上市，联席保荐人为华泰国际及招商证券 国际。 IPO日报注意到，大金重工一改近年来波动的状态，上半年实现营业收入和净利润双双暴增，市值较年初上涨约 58%，上市港股是个好时机。 报告期各期，公司整体毛利率分别为16.6%、23.1%、29.8%、28.2%。 根据弗若斯 ...

为满足客户一站式、多样化需求，大金重工产品和服务已由风电海工基础装备研发与制造逐步延伸到远 洋特种运输、船舶设计与建造、风电母港运营等领域，并积极布局新能源开发与运营业务，逐步从产品 供应商向系统服务商转型。2025年上半年，大金重工交付海外的海风基础装备产品全部采用DAP(目的 地交货)模式。 全球风能理事会(GWEC)预计，2025-2034年欧洲海风新增装机达到126GW，对应年均新增海风装机量 12.6GW，是过去5年(2020-2024年)年均装机的4倍以上，且呈现加速上升趋势。此外，海上风电的开发 趋势将逐渐从近海走向深海，漂浮式海上风电项目预计将在2030年进入商业化阶段。依托在全球主流海 上风电市场项目交付经验的领先优势，大金重工未来营收规模和盈利水平有望持续提升。 中证报中证网讯(王珞)大金重工（002487）9月29日晚公告称，公司已向香港联交所递交首次公开发行H 股股票并在主板上市申请。此举标志着大金重工正式启动"A+H"双资本平台建设工作，有望成为港股市 场"海风装备全产业链第一股"。 大金重工于2010年在深交所上市，是一家全球领先的海上风电核心装备供应商，深耕新能源行业近二十 年， ...

Core Viewpoint - Daikin Heavy Industries has submitted a listing application to the Hong Kong Stock Exchange, aiming to leverage its leading position in the offshore wind power equipment market, particularly in Europe, where its market share is projected to grow significantly by 2025 [1][3]. Company Overview - Founded in 2000 and listed on the Shenzhen Stock Exchange in 2010, Daikin Heavy Industries has a total market capitalization of 30.153 billion RMB as of September 29, 2023, making it the first wind power tower company listed in China's A-shares [3]. - The company is recognized as a global leader in offshore wind power core equipment, providing a one-stop solution for construction, transportation, and delivery of wind power infrastructure [3]. Market Position and Strategy - According to Frost & Sullivan, Daikin Heavy Industries is the top supplier of offshore wind power foundation equipment in Europe, with its market share expected to rise from 18.5% in 2024 to 29.1% in the first half of 2025 [1]. - The company has transitioned from a product supplier to a system service provider, expanding its offerings to include specialized transportation, ship design and construction, and wind power port operations [3]. - Daikin Heavy Industries has upgraded its "Two Seas Strategy" to a "New Two Seas Strategy," resulting in a significant increase in overseas revenue from 16.4% in 2022 to 79.0% in the first half of 2025 [3]. Financial Performance - For the six months ending June 30, 2025, Daikin Heavy Industries reported a revenue of 2.841 billion RMB, a year-on-year increase of 109.5%, and a net profit of 546.5 million RMB, up 214.3% [6]. - The company achieved its best historical performance in the second quarter of 2025, benefiting from the growth of high-quality overseas project deliveries and maintaining a robust cash flow [6]. Market Dynamics - The European offshore wind power market is characterized by high barriers to entry and significant added value, which are key drivers for Daikin Heavy Industries' profitability [4]. - The company has established a global marketing network with permanent offices in Europe and Japan, positioning itself to expand into emerging markets such as Australia and Southeast Asia [4].

格隆汇9月29日丨据港交所9月29日披露，大金重工股份有限公司(以下简称"公司"或"大金重工")向港交 所递交上市申请，联席保荐人为华泰国际及招商证券国际。 公司始终具有极强的战略定力及战略执行力，投入更多资源开拓高附加值的海外市场，2022年、2023 年、2024年及截至2025年6月30日止六个月，公司分别实现海外收入人民币837.9百万元、人民币1,714.7 百万元、人民币1,733.0百万元和人民币2,243.2百万元，占营业收入比例分别为16.4%、39.6%、45.9%和 79.0%。 得益于海外收入的增长及占比提升，公司的盈利能力持续提升，净利润整体呈现增长态势。同期，公司 的净利润分别为人民币450.3百万元、人民币425.2百万元、人民币473.9百万元和人民币546.5百万元，净 利率水平显著提升，分别为8.8%、9.8%、12.5%和19.2%。截至2025年6月30日止六个月，公司实现营业 收入人民币2,841.1百万元，同比增长109.5%，实现净利润人民币546.5百万元，同比增长214.3%，2025 年第二季度营业收入及净利润均有所上升，是公司历史最佳表现，公司的发展正在加 ...