Core Viewpoint - The stock price of Jianxin Superconductor (688805.SH) has declined significantly since its debut on the Shanghai Stock Exchange, closing at 47.16 yuan with a drop of 7.26% on December 29, marking a new low since its listing [1] Group 1: Company Overview - Jianxin Superconductor was listed on the STAR Market on December 24, with an issuance of 41.92 million shares at a price of 18.58 yuan per share [1] - The total amount raised by Jianxin Superconductor was 778.8736 million yuan, with a net amount of 688.6427 million yuan after deducting issuance costs, which is 86.3573 million yuan less than originally planned [1] Group 2: Financial Details - The total issuance costs amounted to 90.2309 million yuan, including a sponsorship fee of 5 million yuan and an underwriting fee of 54.5212 million yuan [1] - The funds raised are intended for projects including the annual production of 600 sets of liquid helium-free superconducting magnets, 600 sets of high-field medical superconducting magnets, and new superconducting magnet research and development [1]

Group 1 - The core point of the article is that Jianxin Superconductor (688805.SH) experienced a significant stock price drop of 8.28% on its first trading day, closing at 53.31 yuan [1] - Jianxin Superconductor was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 24, 2023, with an issuance of 41.92 million shares at a price of 18.58 yuan per share [1] - The total amount of funds raised by Jianxin Superconductor was 778.87 million yuan, with a net amount of 688.64 million yuan after deducting issuance costs, which is 86.36 million yuan less than the original plan [1] Group 2 - The company plans to use the raised funds for projects including the annual production of 600 sets of liquid helium-free superconducting magnets, 600 sets of high-field medical superconducting magnets, and new superconducting magnet research and development [1] - The total issuance costs amounted to 90.23 million yuan, which includes a sponsorship fee of 5 million yuan and an underwriting fee of 54.52 million yuan [1]

Core Viewpoint - Ningbo Jianxin Superconducting Technology Co., Ltd. is set to go public on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise funds for various superconducting magnet projects, including the production of 600 sets of helium-free superconducting magnets and medical superconducting magnets [1][4]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 393.30 million yuan, a year-on-year increase of 37.34% [4] - Operating profit reached 53.73 million yuan, up 41.98% year-on-year [4] - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was 47.62 million yuan, reflecting a growth of 38.54% [4] - The growth was driven by increased revenue from helium-free superconducting products and rising domestic demand for medical equipment [4]. Industry Position - Jianxin Superconducting is one of the earliest manufacturers in China to produce high-field superconducting magnets at scale, breaking the long-standing monopoly of European, American, and Japanese companies in the field [4][5]. - The company has achieved a significant technological breakthrough in helium-free superconducting technology, leading to a global first in fully helium-free superconducting magnets [5]. - By 2024, the company is projected to hold the fifth position globally and the second among domestic companies in terms of MRI superconducting magnet market share [5]. Research and Development - As of June 30, 2025, the company holds a total of 85 authorized patents, including 45 invention patents [7]. - Jianxin Superconducting has been recognized as a "Little Giant" enterprise by the national government, indicating its focus on specialized and innovative technologies [7]. - The company is actively involved in various significant R&D projects, including the development of helium-free superconducting magnets and other key technologies [7]. Strategic Partnerships - The company has established close collaborations with renowned MRI equipment manufacturers, including Fujifilm, GE Healthcare, and others, enhancing its supply chain and reducing delivery costs [8]. - Over 50% of the company's products are exported to Japan, Europe, and other emerging markets, facilitating global promotion of MRI equipment [8]. Future Outlook - Jianxin Superconducting aims to deepen its core superconducting technology innovations in the MRI industry and expand its applications into new fields such as power and transportation [9][10]. - The company's vision is to become a leading brand in the global MRI core component industry, focusing on advanced design and production of MRI components [10].

Core Points - The Shanghai Stock Exchange's Listing Review Committee is scheduled to hold its 43rd meeting on October 21, 2025, to review the initial public offering (IPO) of Ningbo Jianxin Superconducting Technology Co., Ltd. (referred to as "Jianxin Superconducting") [1] - Jianxin Superconducting plans to list on the Sci-Tech Innovation Board and aims to raise CNY 77.5 million, which will be allocated to projects including the annual production of 600 sets of liquid helium-free superconducting magnets, the annual production of 600 sets of high-field medical superconducting magnets, and the research and development of new superconducting magnets [1] Company Ownership Structure - As of the signing date of the prospectus, Xu Jianyi directly holds 41.51% of the company's shares, making him the controlling shareholder. Xu Jianyi, Xu Hui, and Xu Dianbo hold 41.51%, 4.36%, and 4.36% of the shares, respectively. Xu Hui controls an additional 4.84% of voting rights through Kaifang Investment and Qiyi Investment, resulting in a total of 59.92% voting rights controlled by the three individuals [1] - Xu Jianyi is the father of Xu Hui and Xu Dianbo, who are siblings. The three have signed a "Joint Action Agreement" on October 18, 2019, establishing them as the actual controllers of the company [1] Sponsorship Information - The sponsor for Jianxin Superconducting's IPO is GF Securities Co., Ltd., with representatives Zhou Yin and Wang Zhen serving as the sponsoring representatives [1]