Group 1: Company Overview - Shanda Electric Power is an indirect holding company of Shandong University, primarily engaged in the research, manufacturing, sales, and service of smart grid monitoring and new energy-related products [1][5] - The company is recognized as a national-level specialized and innovative "little giant" enterprise and a gazelle enterprise in Shandong Province [1] - The main products include fault recording monitoring devices, transmission line fault monitoring devices, and time synchronization devices [1] Group 2: Financial Information - Shanda Electric Power's initial public offering (IPO) price was 14.66 CNY per share, with an institutional offering price of 15.06 CNY per share, resulting in a market capitalization of 2.388 billion CNY [2] - The company's earnings per share (EPS) is projected at a price-to-earnings (P/E) ratio of 19.57, compared to the industry average P/E ratio of 20.25 [2] - Revenue from the smart grid monitoring sector is expected to be 5.76 million CNY, accounting for 87.94% of total revenue, while the new energy sector is projected to contribute 0.79 million CNY, or 12.06% [6] Group 3: Fundraising and Investment Plans - Shanda Electric Power plans to allocate 1.35 billion CNY (27.00%) for smart grid fault analysis and intelligent distribution network equipment production projects [4] - The company intends to invest 1.80 billion CNY (36.00%) in a research and development center project [4] - Additional investments include 0.40 billion CNY (8.00%) for new energy vehicle smart charging pile production and 0.90 billion CNY (18.00%) for working capital [5] Group 4: Market Position and Client Relationships - Shanda Electric Power has established long-term stable partnerships with major clients such as State Grid and Southern Power Grid, enhancing its competitive edge in the smart grid monitoring and new energy sectors [5] - The company operates 17 liaison offices across major cities in China, covering 22 provinces, 5 autonomous regions, and 4 municipalities [5] Group 5: Risks and Challenges - The company has reported lower research and development (R&D) investment levels compared to industry peers, with R&D expenses of 31.43 million CNY, 37.58 million CNY, and 45.96 million CNY from 2022 to 2024, resulting in R&D expense ratios of 6.57%, 6.84%, and 6.98% respectively [6] - Shanda Electric Power is highly sensitive to revenue fluctuations from State Grid, with sensitivity coefficients of 1.53, 1.36, and 1.29 for the years 2022 to 2024 [6] Group 6: Company Overview (Jiyuan Group) - Jiyuan Group specializes in the research and industrialization of dietary nutritional supplements, providing nutritional raw materials and formulations [7] - The company has developed into a leading global supplier of HMB raw materials and high-quality glucosamine products [11] Group 7: Financial Information (Jiyuan Group) - Jiyuan Group's IPO price was 10.88 CNY per share, with an institutional offering price of 11.09 CNY per share, resulting in a market capitalization of 4.352 billion CNY [8] - The company has a projected P/E ratio of 25.51, with comparable companies showing higher dynamic P/E ratios [8] Group 8: Fundraising and Investment Plans (Jiyuan Group) - Jiyuan Group plans to invest 2.06 billion CNY (34.23%) in the construction of a nutritional health raw material production base [10] - Additional investments include 1.47 billion CNY (24.44%) for expanding the production line of nutritional health foods and 0.99 billion CNY (16.45%) for a technology innovation center [10] Group 9: Market Position and Client Relationships (Jiyuan Group) - The company has established partnerships with numerous global brands, including Abbott, Sanofi, and Nestlé, for the supply of HMB and other nutritional products [11] - Jiyuan Group's revenue from nutritional raw materials is projected to be 5.71 million CNY, 6.09 million CNY, and 6.47 million CNY from 2022 to 2024, maintaining a revenue contribution of over 60% [11]

山东山大电力技术股份有限公司 首次公开发行股票并在创业板上市 之上市公告书提示性公告 保荐人（主承销商）：兴业证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 经深圳证券交易所审核同意，山东山大电力技术股份有限公司（以下简称"公司"、 "发行人"或"山大电力"）发行的人民币普通股股票将于 2025 年 7 月 23 日在深圳证 券交易所创业板上市，上市公告书全文和首次公开发行股票并在创业板上市的招股说明 书全文披露于中国证券监督管理委员会指定的信息披露网站（巨潮资讯网，网址 www.cninfo.com.cn；中证网，网址 www.cs.com.cn；中国证券网，网址 www.cnstock.com； 证券时报网，网址 www.stcn.com；证券日报网，网址 www.zqrb.cn；经济参考网，网址 www.jjckb.cn），供投资者查阅。 所属网页二维码：巨潮资讯网 一、上市概况 （一）股票简称：山大电力 （二）股票代码：301609 （三）首次公开发行后总股本：162,880,000 股 （四）首次公开发行股票数量：40,720,00 ...

股票简称：山大电力 股票代码：301609 山东山大电力技术股份有限公司 Shandong University Electric Power Technology Co., Ltd. （济南高新技术产业开发区颖秀路山大科技园内） （福建省福州市湖东路 268 号） 二〇二五年七月 特别提示 山大电力技术股份有限公司（以下简称"公司"、"发行人"或"山大电力"）股票 将于 2025 年 7 月 23 日在深圳证券交易所上市。 首次公开发行股票并在创业板上市 之 上市公告书 保荐人（主承销商） 创业板公司具有业绩不稳定、经营风险高、退市风险大等特点，投资者面临较大的 市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风险因素，审慎 做出投资决定。 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市 初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与本公司首次公开发行股票招 股说明书中的相同。如本上市公告书中合计数与各加数直接相加之和在尾数上存在差异， 系由于四舍五入所致。 1 第一节 重要声明与提示 一、重要声明 本公司及全体董 ...

兴业证券股份有限公司 关于 山东山大电力技术股份有限公司 首次公开发行股票并在创业板上市 之 上市保荐书 保荐人（主承销商） 二〇二五年七月 山东山大电力技术股份有限公司 上市保荐书 声 明 兴业证券股份有限公司（以下简称"兴业证券"、"保荐人"或"保荐机构"） 及其保荐代表人已根据《中华人民共和国公司法》（以下简称"公司法"）、《中华 人民共和国证券法》（以下简称"证券法"）等法律法规和中国证券监督管理委员 会（以下简称"中国证监会"）及深圳证券交易所的有关规定，诚实守信，勤勉 尽责，严格按照依法制定的业务规则和行业自律规范出具上市保荐书，并保证所 出具文件真实、准确和完整。 本上市保荐书中如无特别说明，相关用语与《山东山大电力技术股份有限公 司首次公开发行股票并在创业板上市招股说明书》中含义相同。 1 | 声 明 1 | | --- | | 目 录 2 | | 一、发行人概况 3 | | 二、本次发行情况 18 | | 三、保荐机构工作人员及其保荐业务执业情况 20 | | 四、保荐机构及其关联方与发行人及其关联方之间的利害关系及主要业务往来 | | 情况说明 21 | | 五、保荐机构承诺事项 21 | ...

敬启者： 上海市通力律师事务所 关于山东山大电力技术股份有限公司 首次公开发行人民币普通股并在创业板上市之法律意见书 致：山东山大电力技术股份有限公司 上海市通力律师事务所（以下简称"本所"）根据《中华人民共和国证券法》（以 下简称"《证券法》"）、《中华人民共和国公司法》《首次公开发行股票注册管理办 法》《深圳证券交易所创业板股票上市规则（2025 年修订）》（以下简称"《上市规则》"） 和中华人民共和国有权监管机构已公开颁布且现行有效的相关规定等法律、法规以及规 范性文件（以下简称"法律、法规以及规范性文件"），按照律师行业公认的业务标准、 道德规范和勤勉尽责精神，出具本法律意见书。 经山东山大电力技术股份有限公司（以下简称"上市申请人"或"山大电力"）委 托，本所指派夏慧君律师、孙文律师（以下称"本所律师"）作为上市申请人本次申请 股票在深圳证券交易所创业板上市（以下简称"本次股票上市"）的法律顾问，根据本 所律师对法律、法规以及规范性文件的理解出具本法律意见书。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》和《律 师事务所证券法律业务执业规则（试行）》等规定，严格履行法定职责，遵 ...

Core Viewpoint - The initial public offering (IPO) of Shanda Electric (301609) on the ChiNext board features a low issuance price of 14.66 yuan, significantly below the perceived safe line of 30 yuan, and a price-to-earnings (P/E) ratio of 19.57, which is lower than the industry average of 20.25 [1][2]. Group 1: IPO Details - Shanda Electric plans to issue 10.38 million shares, requiring a minimum investment of 100,000 yuan in Shenzhen stock [1][2]. - The company has a total issuance of 40.72 million shares, raising approximately 596 million yuan, exceeding its fundraising target [7]. - The stock's total market capitalization post-IPO is 2.387 billion yuan, with a static P/E ratio of 18.79, compared to higher valuations of similar companies [7]. Group 2: Financial Performance - In Q1, Shanda Electric reported revenue of 111 million yuan, a year-on-year increase of 12.02%, and a net profit attributable to shareholders of 17.32 million yuan, up 15.91% year-on-year [3][4]. - The company’s revenue for the past three years was 478 million yuan, 549 million yuan, and 658 million yuan, with a growth rate of 19.85% last year [4]. - The projected revenue growth for the first half of 2025 is between 13.55% and 21.66%, with net profit growth expected between 14.87% and 24.65% [4]. Group 3: Business Overview - Shanda Electric specializes in the research and development of intelligent products related to power systems, with key products including smart monitoring and new energy products [2]. - The company plans to use the raised funds for projects including the production of intelligent equipment for power grid fault analysis and smart charging stations for new energy vehicles [5][6].