IPO Pipeline Overview - As of August 24, there are 292 companies in the IPO pipeline, with 26 on the Shanghai Main Board, 37 on the Sci-Tech Innovation Board, 25 on the Shenzhen Main Board, 29 on the Growth Enterprise Market, and 175 on the Beijing Stock Exchange [2][3]. Newly Listed Companies - During the period from August 18 to August 24, two companies were newly listed: Shenyang Hongyuan Electromagnetic Wire Co., Ltd. on August 20 and Ningbo Nengzhiguang New Materials Technology Co., Ltd. on August 22, both on the Beijing Stock Exchange [4][5]. - Shenyang Hongyuan Electromagnetic Wire Co., Ltd. closed at 42.00 CNY per share, with a surge of 358.02% and a trading volume of 1.109 billion CNY [7]. - Ningbo Nengzhiguang New Materials Technology Co., Ltd. closed at 32.04 CNY per share, with a rise of 344.38% and a trading volume of 758 million CNY [8]. New Counseling Records - Five companies were newly registered for counseling from August 18 to August 24, including Guangdong Zhaoming Electronics Group Co., Ltd., Saiterwell Electronics Co., Ltd., Jiangsu Junhua Special Polymer Materials Co., Ltd., Shanghai Pushi Navigation Technology Co., Ltd., and Shanghai Kezhou Pharmaceuticals Co., Ltd. [9][10]. Registration Approvals - Three companies received registration approvals during the period: Chaoying Electronics Circuit Co., Ltd., Delijia Transmission Technology (Jiangsu) Co., Ltd., and Hebei Shichang Automotive Parts Co., Ltd. [14][15]. - Chaoying Electronics specializes in the R&D, production, and sales of printed circuit boards, with applications in various fields including automotive electronics and communication [15]. - Delijia focuses on high-speed heavy-duty precision gear transmission products, primarily for wind turbine applications [16]. - Hebei Shichang specializes in the R&D, production, and sales of automotive fuel systems, particularly plastic fuel tank assemblies [17]. Terminated Reviews - Two companies, Hubei Chuda Intelligent Equipment Co., Ltd. and Fujian Del Technology Co., Ltd., withdrew their IPO applications during the period [18][19]. - Hubei Chuda provides key equipment and intelligent system solutions for glass packaging and products [19]. - Fujian Del Technology focuses on the R&D, production, and sales of fluorine-based materials and is recognized as a national high-tech enterprise [21].

证券时报·数据宝统计显示，7月31日，上交所上市审核委员会2025年第27次审议会议结果公告显示，德 力佳传动科技(江苏)股份有限公司(简称德力佳)首发申请获上市委会议通过，公司拟在沪市主板上市。 公司主要从事高速重载精密齿轮传动产品的研发、生产与销售，下游应用领域目前主要为风力发电机 组。公司本次拟募集资金18.81亿元，募集资金拟投资于年产1000台8MW以上大型陆上风电齿轮箱项 目、汕头市德力佳传动有限公司年产800台大型海上风电齿轮箱汕头项目。本次发行保荐机构为华泰联 合证券有限责任公司。 财务数据显示，2022年—2024年公司实现营业收入分别为31.08亿元、44.42亿元、37.15亿元，实现净利 润分别为5.40亿元、6.34亿元、5.34亿元。（数据宝） 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） | 371533.98 | 444181.59 | 310779.94 | | 归属母公司股东的净利润（万元） | 53378.55 | 63395.60 | 54017.04 ...

IPO Review and Registration Progress - Two companies faced IPO review last week, with TaiKaiYing passing and HengKun New Materials' review being postponed [2] - TaiKaiYing focuses on the global mining and construction tire market, with approximately 70% of its sales coming from overseas [2] - HengKun New Materials reported a revenue of 548 million yuan in 2024, a year-on-year increase of 49.01% [3] Upcoming IPOs - This week, two companies, Changjiang Nengke and DeLiJia, are scheduled for IPO reviews, aiming to raise 10.07 billion yuan and 18.81 billion yuan respectively [4][6] - Changjiang Nengke's revenue for 2024 is projected at 314 million yuan, a decline of 9.77% year-on-year [4] - DeLiJia specializes in high-speed heavy-duty precision gear transmission products, with a revenue of 3.715 billion yuan in 2024 [5] New Stock Listings - Two new stocks, Shanda Electric and Jiyuan Group, were listed last week, with Shanda Electric's stock price increasing by 356% on its first day [8] - Shanda Electric reported revenues of 478 million yuan, 549 million yuan, and 658 million yuan from 2022 to 2024 [8] - Jiyuan Group's revenue for the same period was 947 million yuan, 892 million yuan, and 1 billion yuan [9] New Stock Subscription and Issuance - Three new stocks are available for subscription this week, including Tianfu Long and Youli Intelligent [10] - Tianfu Long's projected revenue for 2024 is 3.841 billion yuan, while Youli Intelligent expects a revenue of 462 million to 482 million yuan in the first half of 2025 [11] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) emphasizes enhancing the investment value of listed companies and preventing financial fraud [13] - CSRC plans to strictly limit significant adverse impacts from industry competition on listed companies [14]

Group 1: New IPOs and Offerings - This week, there are three new stocks available for subscription, including one from the Shanghai Stock Exchange, one from the ChiNext, and one from the Beijing Stock Exchange [1] - The Shanghai Stock Exchange new stock Tianfulong has an issue price of 23.6 yuan per share and a price-to-earnings ratio of 20.93 times, while the industry average dynamic price-to-earnings ratio is 30.31 times [2] - The Beijing Stock Exchange new stock Youli Intelligent has an issue price of 23.99 yuan per share and a price-to-earnings ratio of 11.75 times, with the industry average dynamic price-to-earnings ratio at 27.03 times [2] Group 2: Company Profiles and Business Operations - Tianfulong specializes in the research, production, and sales of differentiated polyester short fibers, with a production capacity of 612,400 tons per year, ranking ninth in the native polyester short fiber sector and second in the recycled polyester short fiber sector [2][3] - Guangdong Jianke, which will start its IPO subscription on August 1, provides inspection and testing technology services in the construction engineering field, having participated in major projects like the Hong Kong-Zhuhai-Macao Bridge and Guangzhou Baiyun International Airport [3][4] - DeLijia, which is set to go public on the Shanghai Stock Exchange, focuses on the research, production, and sales of high-speed heavy-duty precision gear transmission products, particularly for wind power generation [5][6] Group 3: Financial Performance and Projections - Tianfulong's projected revenues for 2022 to 2024 are 2.576 billion yuan, 3.336 billion yuan, and 3.841 billion yuan, with net profits of 338 million yuan, 420 million yuan, and 451 million yuan respectively [3] - Guangdong Jianke's expected revenues for the same period are 1.072 billion yuan, 1.154 billion yuan, and 1.197 billion yuan, with net profits of 103 million yuan, 99 million yuan, and 107 million yuan respectively [3][4] - DeLijia aims to raise 1.881 billion yuan for the production of large-scale wind turbine gearboxes, with a projected global market share of 10.36% in 2024, ranking third globally and second in China [5][6]

Group 1 - Four companies are set to present their IPO applications, including Hengkun New Materials for the Sci-Tech Innovation Board, Delijia for the Shanghai Main Board, and Changjiang Energy Technology and Taikaiying for the Beijing Stock Exchange [1][2][4] - Delijia aims to raise the most funds, with an expected amount of 1.881 billion yuan, targeting projects related to large onshore and offshore wind turbine gearboxes [1][2] - Hengkun New Materials plans to raise 1.007 billion yuan, focusing on key materials for advanced NAND, DRAM storage chips, and logic chip manufacturing [1][3] Group 2 - Taikaiying specializes in the design, research, sales, and service of mining and construction tires [4] - Changjiang Energy Technology is involved in the design, research, manufacturing, and service of specialized pressure vessel equipment for the energy and chemical industry, with products used in oil and gas field development [4]