IPO Pipeline Overview - As of September 21, there are 279 companies in the IPO pipeline, with 21 on the Shanghai Main Board, 36 on the Sci-Tech Innovation Board, 25 on the Shenzhen Main Board, 27 on the Growth Enterprise Market, and 170 on the Beijing Stock Exchange [1][2]. Newly Listed Companies - Hebei Shichang Automotive Parts Co., Ltd. was listed between September 15 and September 21, closing at 40.50 yuan per share, representing a 271.56% increase, with a trading volume of 641 million yuan and a turnover rate of 87.48% [3]. New Counseling Records - Eight new companies were added to the counseling records from September 15 to September 21, including Beijing Weina Star Technology Co., Ltd. and others, focusing on various sectors such as satellite technology, quantum computing, and environmental equipment [4][5]. Companies Undergoing Review - Yuan Chuang Technology Co., Ltd. and Suzhou New Guangyi Electronics Co., Ltd. successfully passed the review process, while Xiamen Youxun Chip Co., Ltd. had its review results postponed [8][9]. Registration Approval - Three companies received registration approval from September 15 to September 21, including Zhongcheng Zhixin Engineering Consulting Group Co., Ltd., which provides comprehensive consulting services, and Nabaichuan New Energy Co., Ltd., focusing on thermal management for electric vehicle batteries [10]. Terminated Reviews - Four companies, including Hengyang Jinzelite Special Alloy Co., Ltd. and others, withdrew their IPO applications during the same period [11][12][13].

Core Viewpoint - The China Securities Regulatory Commission has approved Jiangsu Xihua New Energy Technology Co., Ltd. for its initial public offering and listing on the Shanghai Stock Exchange, highlighting the company's position as a leading manufacturer of high-end equipment components in the renewable energy sector [1] Company Overview - Jiangsu Xihua Technology was established in 2001 and is recognized as a global leader in manufacturing specialized components for high-end equipment, particularly in the wind power sector [1] - The company offers comprehensive services from raw material manufacturing to finished product processing, aiming to become a top-tier manufacturer in the global renewable energy field [1] Product Development - The company has developed products applicable to wind turbine units ranging from 1MW to 22MW, with a significant increase in sales of specialized components for wind power gearboxes [1] - By 2024, the sales proportion of products for wind power gearboxes of 7MW and above is expected to reach 31.71%, increasing to 58.31% by June 2025 [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 580 million yuan, a year-on-year increase of 36.67%, and a net profit of 94.287 million yuan, up 55.67% year-on-year [2] - The company has a robust order backlog, with approximately 32,400 tons of orders on hand as of late July 2025, representing a 70.04% increase in monthly average tonnage compared to 2024 [2] Future Projections - The company anticipates operating revenue for the first three quarters of 2025 to reach between 859 million and 869 million yuan, reflecting a year-on-year growth of 29.04% to 30.54% [2] - Expected net profit for the same period is projected to be between 150 million and 157 million yuan, indicating a year-on-year increase of 44.03% to 50.52% [2] - The forecasted net profit after deducting non-recurring items is estimated to be between 149 million and 156 million yuan, with a year-on-year growth of 46.31% to 52.95% [2]

Core Viewpoint - The approval of Jiangsu Xihua New Energy Technology Co., Ltd.'s IPO application marks a significant step towards its entry into the capital market, reflecting strong recognition of its past achievements and core competitiveness by the capital market [1][2] Company Overview - Jiangsu Xihua Technology, established in 2001, is a leading manufacturer of high-end equipment components, specializing in providing comprehensive services for wind turbine gearbox components [1] - The company aims to become a top global manufacturer in the new energy wind power sector, supporting the development of new productive forces in the national renewable energy field [1] Product Development - Xihua Technology has developed products applicable to onshore and offshore wind turbine equipment ranging from 1MW to 22MW [1] - By 2024, the sales proportion of its gearbox components for products of 7MW and above is expected to reach 31.71%, increasing to 58.31% by June 2025, showcasing a significant advantage in large megawatt products [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 580 million yuan, a year-on-year increase of 36.67%, with a net profit of 94.287 million yuan, up 55.67% year-on-year [2] - As of late July 2025, the company had a total order volume of approximately 32,378.12 tons, with a monthly average tonnage of about 12,951.25 tons, reflecting a 70.04% increase compared to the average monthly sales of 7,616.44 tons in 2024 [2] Future Outlook - The company anticipates operating revenue for the first three quarters of 2025 to reach between 859 million and 869 million yuan, representing a year-on-year increase of 29.04% to 30.54% [2] - Expected net profit for the same period is projected to be between 150 million and 157 million yuan, with a year-on-year increase of 44.03% to 50.52% [2] - The successful registration approval is expected to provide strong momentum for the company's future development, supported by national policies favoring the new energy and high-end equipment manufacturing sectors [2]

9月19日，证监会发文同意江苏锡华新能源科技股份有限公司（以下简称"锡华科技"）首次公开发行股 票并在上交所主板上市的注册申请，标志着这家风电核心部件龙头企业正式步入资本市场倒计时阶段。 锡华科技成立于2001年，是全球行业领先、质量可靠、技术卓越的大型高端装备专用部件制造商，作为 国内少数可提供风电齿轮箱专用部件全工序服务的企业，公司不仅能为客户提供从前端毛坯制造到后端 成品加工的全流程服务，还致力于成为新能源风电领域的全球顶尖大型高端装备专用部件制造商，为国 家新能源领域加快发展新质生产力提供关键支撑。 当前，国家层面对新能源产业发展高度重视，接连推出一系列的鼓励政策，而锡华科技的业务方向则与 政策导向高度契合，为公司发展创造了良好外部环境。 有业内人士表示，此次锡华科技顺利获取批文，不仅彰显了资本市场对公司过往发展成果与核心竞争力 的高度认可，更为其未来发展注入了强劲动力。后续随着公司顺利登陆资本市场，叠加国家对相关行业 的政策支持，未来公司在业务拓展、盈利能力提升等方面将迎来更广阔的空间，有望实现高质量发展的 新跨越。 （文章来源：证券时报网） 2024年8月国务院《中国的能源转型》明确提出推动风电跃 ...

Core Viewpoint - The approval of Jiangsu Xihua New Energy Technology Co., Ltd.'s IPO marks its entry into the capital market, highlighting its position as a leading manufacturer of wind power components and aligning with national policies promoting renewable energy development [1][3]. Group 1: Company Overview - Jiangsu Xihua Technology, established in 2001, is a major manufacturer of high-end equipment components, specializing in providing comprehensive services for wind power gearbox components [1]. - The company aims to become a top global manufacturer in the renewable energy sector, supporting the development of new productive forces in the national renewable energy field [1]. Group 2: Industry Context - The Chinese government has introduced policies to promote the development of wind energy, including the goal of increasing the share of non-fossil energy in total energy consumption to around 20% by 2025 [2]. - The company has developed products for wind turbine equipment ranging from 1MW to 22MW, with a significant increase in sales of large-scale products responding to policy initiatives [2]. Group 3: Financial Performance - In the first half of 2025, the company reported a revenue of 580 million yuan, a year-on-year increase of 36.67%, and a net profit of approximately 94.29 million yuan, up 55.67% year-on-year [3]. - The company has a strong order backlog, with approximately 32,378.12 tons of orders on hand, representing a 70.04% increase compared to the average monthly sales in 2024 [3]. - Projections for the first three quarters of 2025 indicate expected revenues of 859 million to 869 million yuan, a year-on-year increase of 29.04% to 30.54%, and net profits of 150 million to 157 million yuan, reflecting a growth of 44.03% to 50.52% [3].

| 索 引 号 | bm56000001/2025-00011024 | | --- | --- | | 发布机构 | | | 名 称 | 关于同意江苏锡华新能源科技股份有限公司首次公开发行股票注册的批复 | | 文 름 | 证监许可〔2025〕 2102号 | 据招股书，锡华科技主要从事大型高端装备专用部件的研发、制造与销售，产品结构以风电齿轮箱专用部件为主、注塑机厚大专用部件为辅，是全球行业领 先、质量可靠、技术卓越的大型高端装备专用部件制造商。公司产品主要应用于大型风电装备与注塑机领域，公司是国内少数可提供风电齿轮箱专用部件全 工序服务的企业。 智通财经APP获悉，9月19日，中国证监会发布《关于同意江苏锡华新能源科技股份有限公司首次公开发行股票注册的批复》。据悉，锡华科技拟在上交所 主板上市，国泰海通证券为其保荐机构，拟募资14.98亿元。 公司是南高齿、弗兰德、采埃孚等全球排名前列的风电齿轮箱制造商大型专用部件、全球大型注塑机龙头海天塑机厚大专用部件的长期主力供应伙伴，大部 分主要客户与公司合作十年以上，并与德力佳、中车股份等风电齿轮箱行业具有较强竞争力及较高市场地位的优质客户逐步建立了稳定的合作关 ...

Core Viewpoint - Jiangsu Xihua New Energy Technology Co., Ltd. has updated its IPO status to "submitted for registration," indicating a significant step towards public listing and capital raising for business expansion [1] Group 1: Company Overview - Xihua Technology specializes in the R&D, manufacturing, and sales of high-end equipment components, primarily focusing on wind turbine gearbox components and injection molding machine parts [1] - The company has over 20 years of industry experience and emphasizes technological innovation as its foundation for development, particularly excelling in "thick-section" ductile iron technology [1] - Xihua's products are characterized by high strength, high plasticity, high precision, and high reliability, suitable for complex environments such as offshore typhoons and desert sandstorms [1] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 580 million yuan, a year-on-year increase of 36.67%, and a net profit of 94.29 million yuan, up 55.67% [2] - For the first three quarters of this year, the company expects revenue to reach between 859 million and 869 million yuan, representing a year-on-year growth of 29.04% to 30.54% [2] - The projected net profit for the same period is estimated to be between 150 million and 157 million yuan, with a year-on-year increase of 44.03% to 50.52% [2] Group 3: Client Relationships and Market Position - The company has established strong relationships with major clients in the industry, including top global wind turbine gearbox manufacturers and leading injection molding machine companies, with most partnerships lasting over ten years [2] - Xihua Technology is actively expanding its client base by collaborating with high-quality clients such as Delijia and CRRC Corporation, exploring new avenues for revenue growth [2] Group 4: IPO and Future Plans - The company plans to raise 1.498 billion yuan through its IPO, which will be allocated to the industrialization of core wind power equipment and the construction of a research and development center [2] - Successful implementation of these projects is expected to support the company's scale expansion, improve its production capacity and technological level, and enhance its core competitiveness [2]

Group 1 - Jiangsu Xihua New Energy Technology Co., Ltd. (referred to as "Xihua Technology") has passed the IPO review on September 5 and submitted the registration on September 6, marking the final stage of its listing process [1] - Xihua Technology focuses on the research, manufacturing, and sales of specialized components for large high-end equipment, primarily wind turbine gearbox components, with injection molding machine components as a secondary focus [1] - The company aims to raise approximately 1.498 billion yuan through its IPO, which will be allocated to the development and industrialization of core wind power equipment and key components for wind turbine gearboxes [1]

Core Viewpoint - Jiangsu Xihua New Energy Technology Co., Ltd. (referred to as "Xihua Technology") has successfully passed the IPO review on September 5 and submitted its registration on September 6, marking the final stage of its listing process [1] Company Overview - Xihua Technology specializes in the research, manufacturing, and sales of high-end equipment components, primarily focusing on wind power gearbox components, with injection molding machine components as a secondary product line [1] IPO Details - The company aims to raise approximately 1.498 billion yuan through its IPO, which will be allocated to the development and industrialization of core wind power equipment and key components for wind turbine gearboxes [1]

Group 1: IPO Market Overview - The IPO market is showing signs of normalization with a trend of "streamlined reviews and highlighted opportunities" as of September [2] - This week, only two companies were reviewed by the Shanghai and Shenzhen Stock Exchanges, both of which were approved [2] - China Uranium Corporation achieved over 17 billion yuan in revenue, making it the second-largest IPO of the year after Zhongce Rubber [2] Group 2: Company Highlights - China Uranium Corporation focuses on the comprehensive utilization of natural uranium and radioactive co-associated mineral resources, holding a dominant position in the domestic market [3] - The company reported revenues of 17.279 billion yuan and a net profit of 1.712 billion yuan for 2024 [3] - Aoxin Electric, listed on the Hong Kong Stock Exchange, saw its stock price drop 7% on its debut, closing at 16.73 HKD per share, with a market capitalization of 25.727 billion HKD [4] - Aoxin is the fifth-largest air conditioning provider globally, with a market share of 7.1% [4] Group 3: New Listings - Jiangyin Huaxin Precision Technology Co., Ltd. successfully listed on the Shanghai Stock Exchange, focusing on precision stamping cores for electric vehicles and other applications [5] - The company raised 814 million yuan through its IPO, with a share price increase of over 300% on its first trading day [5] - Guangdong Jinsheng New Energy Co., Ltd., the largest third-party lithium battery recycling company, has filed for an IPO in Hong Kong [6][8] Group 4: Upcoming Companies - Light Health Group has submitted a second application for an IPO on the Hong Kong Stock Exchange, focusing on digital health services and insurance solutions [9] - Yipin Nutrition Technology Group, the second-largest goat milk powder brand in China, has also applied for a listing on the Hong Kong Stock Exchange [10] - Tianchen Biopharmaceuticals is seeking to list in Hong Kong, focusing on innovative drugs for allergic and autoimmune diseases [11]