③有机复合类热稳定剂：有机复合类热稳定剂，又称为有机化合物类热稳定剂，其加工制品具有环保无毒、与其他PVC热稳定剂或助剂共同使用具备协同效 应强等优点，但由于单一有机化合物性能不全面，因此产品一般由多种有机物复合而成。但目前已开发的有机复合类热稳定剂品种，综合性能尚难与有机锡 相比且没有大规模成熟应用品种。 报告发布方：中金企信国际咨询 项目可行性报告&商业计划书专业权威编制服务机构（符合发改委印发项目可行性研究报告编制要求）-中金企信国际咨询：集13年项目编制服务经验为各 类项目立项、投融资、商业合作、贷款、批地、并购&合作、投资决策、产业规划、境外投资、战略规划、风险评估等提供项目可行性报告&商业计划书编 制、设计、规划、咨询等一站式解决方案。助力项目实施落地、提升项目单位申报项目的通过效率。 （1）PVC热稳定剂简介及分类：PVC热稳定剂是一类能改善PVC合成树脂热稳定性能、抑制其在加工温度下降解的添加剂，是PVC加工过程中必不可少的 关键改性材料。按照技术路线不同PVC热稳定剂可分为配方型热稳定剂和单体型热稳定剂，其中配方型热稳定剂包括铅盐类、金属皂类以及有机复合类热稳 定剂，单体型热稳定剂为有机锡类 ...

犇星新材成立于2004年，总部位于湖北随州，是一家专注精细化工产品研发与生产的国家级专精特新企 业，核心业务涵盖PVC热稳定剂、农药原药及中间体的研发、生产与销售。在细分领域，公司竞争力突 出，其中硫醇甲基锡市场占有率居全球第一、毒死蜱和噻虫嗪原药产品在国内市场占有率第一。同时， 公司布局新能源赛道，开发六氟磷酸锂、电解液及硅碳负极材料等产品。 近日，北交所官网显示，湖北犇星新材料股份有限公司（简称犇星新材）上市申请获受理。 本次IPO，公司拟募资7.8亿元用于印尼年产3000吨逆酯锡及10000吨巯基酯建设项目、年产6000吨溴虫 腈原药项目、年产10万吨浮选捕收剂建设项目及研发中心建设项目。 来源：随州市工商联 ...

Summary of Key Points Core Viewpoint The Beijing Stock Exchange (BSE) has seen a decrease in trading volume and value over the past week, with a total of 287 listed companies as of December 21, 2025. The market is also witnessing new listings and applications for IPOs, indicating ongoing activity despite the recent declines in trading metrics. Trading Metrics - As of December 21, 2025, the BSE has 287 listed companies with a total share capital of 39.676 billion shares and a circulating share capital of 25.312 billion shares [2] - For the week of December 22-27, 2025, the trading volume was 4.634 billion shares, a decrease of 6.63% week-over-week [3] - The trading value for the same week was 99.934 billion yuan, down 11.68% from the previous week [3] - The average trading price was 21.57 yuan, reflecting a decrease of 5.41% [3] - The BSE 50 Index fell by 1.19% to 1463.04 points, with 28 stocks rising and 22 falling [3] New Listings and IPO Applications - During the week of December 22-27, 2025, one company was listed, and one company opened for subscription [6][12] - A total of 9 companies had their IPO applications accepted, while 4 companies passed the review process [6][38] - As of December 27, 2025, there are 160 companies awaiting review, with 13 accepted, 121 under inquiry, and 14 submitted for registration [6] Recent IPOs - Jiangtian Technology (江天科技) was listed on December 25, 2025, becoming the 287th company on the BSE, with a first-day closing price of 47.85 yuan, up 180.58% from its issue price [8][9] - The company aims to raise 531 million yuan for the construction of a comprehensive R&D and manufacturing base [9] - For the first three quarters of 2025, Jiangtian Technology reported a revenue of 468 million yuan, a year-on-year increase of 10.85%, and a net profit of 89.11 million yuan, up 11.45% [11] Upcoming IPOs - Hengtong Optoelectronics (蘅东光) opened for subscription on December 23, 2025, with a target of raising 323.8 million yuan [13] - The company reported a revenue of 1.315 billion yuan for 2024, a significant increase of 91.38% year-on-year, and a net profit of 224 million yuan, up 123.75% [16] - Other companies, including Miro Technology (觅容科技) and Meiya Technology (美亚科技), have submitted registration applications, aiming to raise 314 million yuan and 200 million yuan, respectively [19][22] Companies Passing Review - Four companies passed the listing committee review during the week, including Ying's Holdings (英氏控股) and Longyuan Co., Ltd. (隆源股份) [24][26] - Ying's Holdings reported revenues of 1.974 billion yuan for 2024, with a net profit of 210 million yuan [25] - Longyuan Co., Ltd. aims to raise 560 million yuan for projects related to new energy systems [28] Companies Completing Counseling - A total of 28 companies completed their counseling work during the week [68] - These companies are preparing for their IPOs, indicating a robust pipeline for future listings on the BSE [68]

| 序号 | 姓名 | 职务 | 任职期限 | | --- | --- | --- | --- | | | 戴直雄 | 董事长、总经理 | 2024 11.29-2027 11.28 | | 2 | 吴勇 | 董事、副总经理兼董事会秘书、财务总监 | 2024.11.29-2027.11.28 | | 3 | 宫庭 | 董事、副总经理 | 2024.11.29-2027.11.28 | | 4 | 张建广 | 职工董事、副总经理 | 2025.9.25-2027.11.28 | | ર | 徐善武 | 副总经理 | 2024.11.29-2027.11.28 | | 6 | 熊传宗 | 副总经理 | 2024.11.29-2027.11.28 | 吴勇，1973 年生，本科学历，会计师。2001 年 9 月 至 2003 年 12 月，历任随州活化石生物保健工程有限公司财务经 理、副总经理;2004 年 1 月至 2013 年 1 月，任犇星有限副总经理;2013 年 2 月至 2017 年 12 月，任齐星车身总经理助 理;2018 年 1 月至今，历任犇星有限及公司副总经理、董事会秘书兼财务总监;2022 ...

12月25日，湖北犇星新材料股份有限公司（简称"犇星新材"）在北交所披露招股书。 资料显示，犇星新材为新三板公司（证券代码：874773.NQ），挂牌时间为2025年5月22日。根据公司7 月22日公告，公司基于自身发展规划等因素考虑，拟将首次公开发行股票并在深交所主板上市的计划变 更为北交所上市，辅导机构仍为国泰海通。 同时招股书显示，犇星新材销售收入相当一部分来自境外，报告期内公司主营业务收入中境外收入占比 分别为44.21%、30.24%、28.30%和31.93%，主要境外市场涉及北美、欧洲、印度等国家或地区。其 中，公司源自美国市场的主营业务收入分别为5.59亿元、2.96亿元、4.01亿元和2.26亿元，公司在美国市 场主要通过非买断式经销商模式开展业务。 然而近年来随着国际形势日益复杂，市场竞争日趋激烈，国际贸易摩擦风险也逐渐增加。若部分境外国 家实施对犇星新材境外销售明显不利的贸易、关税等政策，可能对公司未来经营业绩造成不利影响。 招股书显示，犇星新材是一家根植中国本土、实现全球化运营的精细化工产品综合服务商，主要从事 PVC热稳定剂、农药原药及产业链中间体的研发、生产与销售，主要产品包括硫醇 ...

Group 1 - The core viewpoint of the article highlights the development of the battery-grade iron phosphate project by Jiujiang Tiansheng Plastic Additives Co., Ltd., which is set to produce 10,000 tons annually in the first phase and 20,000 tons in the second phase, totaling 30,000 tons upon completion [2] - The project is part of a broader trend, with seven major lithium iron phosphate projects being established [2] - The article mentions that Hecent Energy has secured a 3GWh energy storage cooperation, indicating growth in the energy storage sector [2] Group 2 - The first forum on household storage and portable energy storage battery technology is scheduled to be held in Shenzhen on September 26 [2] - The first International Summit and Exhibition on Sulfide All-Solid-State Batteries will take place in Guangzhou on November 8, 2025 [2]

Group 1 - The 2025 annual meeting of the China Inorganic Salt Industry Association's Hydrotalcite Industry Branch was held in Golmud, Qinghai, highlighting the broad prospects of hydrotalcite in environmental protection, chemicals, and new energy sectors [1] - Experts emphasized the need to enhance product quality and stability, and to promote green production processes and high-end application development through industry-academia-research collaboration [1] - The president of the Hydrotalcite Industry Branch, Lin Yanjun, stated that strengthening industry communication, promoting technological innovation, and facilitating collaboration across the industrial chain will inject new momentum into high-quality industry development [1] Group 2 - Presentations during the meeting included insights on the new development opportunities for the hydrotalcite industry due to stricter environmental policies and the expansion of emerging applications [2] - Experts from various institutions provided new ideas for the development and application of hydrotalcite, focusing on structural regulation of hydrotalcite-based two-dimensional materials and high-value utilization of magnesium resources [2] - A company representative introduced innovative production methods that resulted in an annual production capacity of 20,000 tons of raw composite metal hydroxide (hydrotalcite), primarily producing five high-performance additive products [2]