last week, 5 or 5 companies on the IPO successfully got the road, one step closer to landing a shares.

this week, the rhythm of the meeting will remain unchanged. Shanghai, Shenzhen and Beijing have five more companies preparing to "welcome the examination", including two in Shanghai, two in Shenzhen and one in Beijing. In addition, the new acceptance, last week Shanghai, Shenzhen and Beijing 3 markets are 0 acceptance.

SSE: Both companies have high customer concentration

according to the arrangement of the Shanghai municipal Committee of the Shanghai stock exchange, the first issue of Hunan xiangtou jitian titanium technology co., ltd. (hereinafter referred to as jitian titanium industry) will be considered on February 1. the company has a financing amount of 1.045 billion yuan, and the sponsors are zhongtai securities and avic securities, which belong to the board.

According to information, Jintian Titanium is a high-tech enterprise mainly engaged in the research and development, production and sales of high-end titanium and titanium alloy materials. Its main products are titanium and titanium alloy bars, forging blanks and parts, which are mainly used in aviation, Aerospace, ships and weapons and other high-end equipment fields. Jintian Titanium Industry and aviation industry, China Aviation Development, China Shipbuilding, China Weapons and many other military industry groups, as well as Triangle Defense (300775.SZ), Parker New Materials (605123.SH), Aerospace Technology (688239.SH) and so on.

Jintian Titanium forecast, 2023 operating income of 0.78 billion yuan to 0.81 billion yuan, a change of 11.3 to 15.58; net profit of 0.135 billion yuan to 0.16 billion yuan, a change of 1.85 to 20.71; non-net profit of 0.11 billion yuan to 0.135 billion yuan, a change of 7.35 to 31.74. Compared with the operating scale of comparable listed companies in the same industry, such as Baoti shares (600456.SH) and Western Superconductor (688122.SH), Jintian Titanium Industry still has a gap.

it is worth noting that the customer concentration of Jintian titanium industry is high, and the sales revenue of the top five customers accounts for more than 80% of the total operating income. The main raw materials purchased by Jintian Titanium Industry are sponge titanium and intermediate alloys. The company's purchases from the top five suppliers accounted for more than 70% of the total purchases. The company's military revenue is more than 90%.

Source: Announcement

another company, Daming electronics co., ltd. (hereinafter referred to as Daming electronics), will be held on February 2. the company's financing amount is 0.4 billion yuan, and the sponsor Guotai junan securities is the main board of Shanghai stock market.

The manual shows that Daming Electronics focuses on the supporting field of automotive electronic parts and is a comprehensive solution supplier specializing in the design, development, production and sales of automotive body electronic and electrical control systems. According to the introduction, Daming Electronics is simultaneously involved in the development of supporting parts for vehicle manufacturers, with Changan Automobile, SAIC Group, FAW Group, BYD, Geely Automobile, Great Wall Automobile, Celis, Jianghuai Automobile, Weilai Automobile, Ideal Automobile and other major domestic independent brand vehicle manufacturers and Changan Mazda, SAIC Volkswagen, SAIC GM, Dongfeng Nissan, FAW Toyota, Changan Ford, Beijing Benz, Jaguar Land Rover and other joint venture vehicle manufacturers have established cooperative relations; and has successfully entered the Ford Motor, Toyota Motor and other well-known foreign brands supply chain system. During the reporting period, Daming Electronics also laid out the field of new energy vehicles. Its products have been maturely applied to many new energy vehicles of BYD Dynasty and Ocean Series, SAIC Rongwei, FAW Hongqi, Wen Jie, Deep Blue and other brands.

Source: Announcement

according to Daming electronic's forecast, the operating income in 2023 will be 2.116 billion yuan, with a change rate of 23.47. Net profit was 0.189 billion yuan, with a change rate of 25.13. Daming Electronics' customers are also relatively concentrated, with the top five customers accounting for 65% of sales revenue.

Source: Announcement Shenzhen Stock Exchange: ICT Electronic Cooperation Target Including State Grid, Three Major Operators

the municipal party Committee of the Shenzhen stock exchange also arranged a company meeting on February 1 and February 2 respectively. on February 1, it considered Jiangsu zerun xinneng technology co., ltd. (hereinafter referred to as zerun xinneng), its board growth enterprise market, with an estimated financing amount of 0.72 billion yuan and an underwriting recommendation of shenwan hongyuan securities. On February 2, Shandong xintong electronics co., ltd (hereinafter referred to as xintong electronics), the main board of Shenzhen stock market, the estimated financing amount is 0.475 billion yuan, and the sponsor is China Merchants Securities.

Zerun Xinneng is a high-tech enterprise specializing in the field of new energy electrical connection, protection and intelligent technology, and specializing in providing integrated solutions for photovoltaic module junction box products. The company's Z8X product is the world's first photovoltaic module junction box to obtain TUV Rheinland 35A certification, ZS product is the first intelligent junction box product to pass TUV Rheinland certification in mainland China, and Z8S product is the first three-part intelligent junction box to obtain TUV Rheinland certification in mainland China. Zerun Xinneng's customers include Maxeon, Sonnenkraft and other internationally renowned photovoltaic module enterprises, TCL Central, Jingke Energy, Suntech Power, Yijing Optoelectronics, Runyang Co., Ltd., Seraph, Haitai Xinneng, Zhongqing Photovoltaic and other leading domestic photovoltaic module manufacturers. The final products are widely used in solar photovoltaic power stations at home and abroad.

In the past two years, Zerun Xinneng has also accelerated the technical layout of auxiliary power battery boxes for new energy vehicles. The company has signed a strategic cooperation agreement with Camel Group and has become an important supplier of auxiliary power battery boxes for new energy vehicles. Camel Group supplies auxiliary power battery boxes for new energy vehicles to many vehicle manufacturers such as BMW, Mercedes-Benz and Xiaopeng. Xiaopeng model auxiliary power battery box has been supplied to Camel Group for mass production, BMW model project, Mercedes-Benz model project auxiliary power battery box has entered the process development stage, new energy vehicle auxiliary power battery box business is expected to become the company's new growth point in the future.

in the first half of 2023, the operating income of zerun xinneng was 0.414 billion yuan and the net profit was 68.264 million yuan.

ICT Electronics is an industrial IoT intelligent terminal and system solution provider with specific industries such as power and communications as its core service objectives. During the reporting period, the company's main products were transmission line intelligent inspection systems, mobile intelligent terminals and other products, and had cooperative relations with well-known domestic enterprises such as State Grid, China Southern Power Grid, China Unicom, China Mobile and China Telecom. According to the forecast of Xintong Electronics, the company's operating income in 2023 will be 0.93 billion yuan to 0.95 billion yuan, up 19.21 to 21.77 year on year. It is estimated that the net profit attributable to the shareholders of the parent company in 2023 will be 0.1254 billion yuan to 0.1295 billion yuan, up 7.95 to 11.48 year on year. It is estimated that the net profit attributable to the shareholders of the parent company after deducting non-recurring gains and losses in 2023 will be 0.1098 billion yuan to 0.1139 billion yuan, up 1.31 to 5.09.

it should be pointed out that the customer concentration of ICT is also high, and the sales revenue of its top five customers (consolidated caliber under the same control) accounts for more than 50%, of which the sales revenue of State Grid and its subordinate enterprises accounts for the highest proportion. In this regard, in the manual, ICT also warned of "the risk of dependence on major downstream industries such as electricity and communications".

Beijing Stock Exchange: direct materials account for more than 80% of the main business costs of China Grass Spices

on the north stock exchange, some companies will also be reviewed on February 2. the target of review is chinese grass spice (870800.BJ), from Anhui.

It is reported that since the establishment of the grass spices, focusing on the development, production and sales of flavors and fragrances. The company's main products include cooling agents, synthetic flavors and natural flavors. Among them, the cooling agent products mainly include WS-23, WS-3, menthyl lactate, etc., the synthetic spices mainly include dibutyl ester, ethyl butyrate, etc., and the natural spices mainly include spearmint oil, garlic oil, ginger oil, red orange oil, etc. The company's products can be used in food and beverage, daily chemical, tobacco, pharmaceutical and other industries. More than ten years of accumulation, China Grass Spices has established cooperative relations with the world's top ten flavor and fragrance companies such as De Zhixin and Chihuadun.

It should be pointed out that the direct materials of Chinese grass spices account for more than 80% of the main business costs. The company said that direct materials account for a large proportion of the main business costs. The raw materials for spice production are mainly derived from spice plants or basic chemical products. Spice plants are easily affected by the natural climate, the annual output is uneven, resulting in unstable supply and price of raw materials, basic chemical products are affected by crude oil price fluctuations and other factors, resulting in fluctuations in the company's raw material purchase prices during the reporting period.

China Grass Spices made an assumption that, assuming a 1% increase in the price of major raw materials and other factors remaining unchanged, the Company's main business costs would rise by 0.89, 0.88, 0.87 and 0.86 per cent, respectively, and total profits would fall by 3.39, 3.22, 2.47 and 2.27 per cent, respectively, in each of the reporting periods from 2020 to the first half of 2023, gross margin decreased by 0.54 per cent, 0.58 per cent, 0.56 per cent and 0.56 per cent, respectively. Assuming that the price of the company's main raw materials rises by 5% and other factors remain unchanged, the company's main business costs will rise by 4.44, 4.41, 4.34 and 4.30 respectively in each period of the reporting period, the total profit will fall by 16.95, 16.10, 12.36 and 11.34 respectively, and the gross profit margin will fall by 2.71, 2.89, 2.81 and 2.79 respectively.

From January to September 2023, the operating income of Chinese grass spices was 144.8761 million yuan, an increase of 9.82 over the same period last year; after deducting non-recurring gains and losses, the net profit attributable to owners of the parent company was 26.0589 million yuan, an increase of 13.32 over the same period last year.