Group 1: Technological Innovations and Market Position - Technological Group is the largest global supplier of HMB raw materials, focusing on dietary nutritional supplements and innovative product development [2][3] - The company has established long-term partnerships with renowned brands such as Abbott, Blackmores, and Nutramax, contributing to over 90% of its revenue from overseas markets [7][10] Group 2: Financial Performance and Projections - Technological Group's revenue for 2022, 2023, and 2024 is projected to be 947 million, 892 million, and 1 billion yuan respectively, with net profits of 142 million, 160 million, and 174 million yuan [7][11] - The company anticipates a revenue increase of 15.03% to 27.36% in the first half of 2025, with net profits expected to grow by 8.56% to 19.20% [11][12] Group 3: Business Model and Client Base - Technological Group's business model is centered around the research and development of dietary supplements, with a significant focus on HMB, which aids in muscle synthesis and fatigue reduction [4][10] - The company’s client base includes major players in the dietary supplement industry, ensuring a stable revenue stream [7][10] Group 4: Market Overview and Competitive Landscape - The market for dietary supplements is growing, driven by increasing health awareness and demand for nutritional products, positioning Technological Group favorably within the industry [2][4] Group 5: Company Overview and Offerings - Shanda Electric is a high-tech enterprise focused on the research and development of intelligent products related to power systems, with major products including fault recording and monitoring devices [13][15] - The company derives approximately 80% of its revenue from electric grid enterprises, with 70% coming specifically from the State Grid [15][16] Group 6: Financial Performance and Future Outlook - Shanda Electric's revenue for 2022, 2023, and 2024 is projected to be 478 million, 549 million, and 658 million yuan respectively, with net profits of 76.99 million, 103 million, and 127 million yuan [17][18] - The company expects a revenue increase of 13.55% to 21.66% in the first half of 2025, with net profits projected to grow by 14.87% to 24.65% [19][20]

【导读】下周一两只新股可申购，山大电力收入有赖于国家电网 中国基金报记者 闻言 A股打新投资者注意啦！ 根据目前发行安排，7月14日有两只新股可申购，分别是上交所主板新股技源集团、深交所创业板新股山大电力。 技源集团系全球HMB原料最大供应商 技源集团的申购代码是732262，发行价为10.88元/股，发行市盈率为25.51倍，参考行业市盈率为27.69倍。 技源集团此次总发行数量为5001万股，网上发行数量为1200万股。投资者参与网上申购技源集团，申购数量上限为1.2万股，顶格申购需 配沪市市值为12万元。 技源集团从事膳食营养补充产品的研发创新与产业化发展，已发展成为全球HMB原料的最大供应商，以及高品质氨糖、制剂等产品的核心 供应商，近年来境外收入占 其 总收入的比重均超90%。 | 地区 | 2024 年 | | 2023 年 | | 2022 年 | | | --- | --- | --- | --- | --- | --- | --- | | | 金额 | 比例 | 金额 | 比例 | 金额 | 比例 | | 境外 | 93,848.10 | 93.93% | 84,754.69 | 95.25 ...

策 略 研 究 2025 年 07 月 07 日 技源集团：HMB 全球市占率第一， 布局多个膳食营养细分市场 ——注册制新股纵览 20250707 本期投资提示： 证 券 研 究 证券分析师 彭文玉 A0230517080001 pengwy@swsresearch.com 朱敏 A0230524050004 zhumin@swsresearch.com 任奕璇 A0230525050002 renyx2@swsresearch.com 联系人 新股分析 朱敏 (8621)23297818× zhumin@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 申 购 策 略 报 告 相关研究 - ⚫ AHP 得分——剔除流动性溢价因素后，技源集团 1.70 分，位于总分的 22.8%分位。技源 集团于 2025 年 7 月 4 日招股，将在主板上市。剔除、考虑流动性溢价因素后，我们测算技 源集团AHP得分为1.70分、2.23分，分别位于非科创体系AHP模型总分22.8%分位、39.0% 分位，处于中游偏下、中游偏上水平。假设以 90%入 ...

Group 1 - The company plans to publicly issue 50.01 million shares, accounting for 12.50% of the total share capital after issuance [1] - The strategic placement plan will participate in the subscription of up to 10% of the public offering scale, which is 5.01 million shares, with a total subscription amount not exceeding 50 million yuan [1] - The company is an international enterprise group specializing in the research, innovation, and industrialization of dietary nutritional supplements [1] Group 2 - The company's net profit attributable to the parent company for the years 2022 to 2024 is projected to be 142 million yuan, 160 million yuan, and 174 million yuan respectively [2] - The company expects a year-on-year revenue growth of approximately 15.03% to 27.36% for the first half of 2025, with net profit growth of about 8.56% to 19.20% [2] - The total planned investment for fundraising is approximately 603 million yuan, allocated to various projects including the construction of a nutritional health raw material production base and the expansion of production lines [2]

文/梧桐数据中心 4月3日，技源集团股份有限公司主板IPO申请获得上交所上市委审核通过。 单位：万元 | | 沪主板 | | | | | | --- | --- | --- | --- | --- | --- | | 公司简称 | 主营业务 | 2024年营收 | 2024年净利润 | 审核结果 | 保荐/律所/审计 | | 技源集团 | 膳食营养补充产品研发创新 及产业化 | 100,185.74 | 17,060.53 | 通过 | 东方证券/国浩(上海) /立信 | 技源集团 是一家专业从事膳食营养补充产品研发创新及产业化的国际化企业集团。技源香港持有公司股份数量为27,567.38万股，占公司总股本的比例为 78.76%，系公司控股股东；周京石、龙玲夫妇通过技源香港和技源咨询合计控制公司84.47%表决权，系公司实际控制人。报告期内，公司营业收入分别为 94,724.39万元、89,189.42万元和100,185.74万元，扣非归母净利润分别为14,304.19万元、15,336.70万元和17,060.53万元。 二、控股股东、实际控股人 技源香港持有公司股份数量为27,567.38万股，占公司总 ...