江苏江顺精密科技集团股份有限公司首次公开发行股票并在主板上市投资风险特别公告

Core Viewpoint - Jiangshun Technology's IPO price of 37.36 yuan per share corresponds to a diluted P/E ratio of 15.84 times for 2023, which is lower than the average P/E ratios of 29.52 times for the specialized equipment manufacturing industry and 36.94 times for the general equipment manufacturing industry as of April 10, 2025 [1][12][23] Company Overview - Jiangshun Technology is engaged in the research, design, production, and sales of aluminum profile extrusion molds and accessories, aluminum profile extrusion supporting equipment, and precision mechanical components [11][18] - The company operates in the specialized equipment manufacturing industry (C35) and general equipment manufacturing industry (C34) as per the classification by the China Listed Companies Association [1][11] IPO Details - The company plans to issue no more than 15 million shares of ordinary A-shares and will be listed on the main board of the Shenzhen Stock Exchange [2][3] - The IPO will adopt a direct pricing method, with all shares issued through online subscription to public investors holding non-restricted A-shares and depository receipts in the Shenzhen market [3][4] Valuation Comparison - The IPO price of 37.36 yuan per share results in a diluted P/E ratio of 15.32 times for 2024, which is also lower than the industry averages [2][12] - The company's P/E ratios are significantly lower than the average static and rolling P/E ratios of comparable companies in the same industry, which are 89.21 times and 98.58 times respectively [21][22] Industry Trends - The average static P/E ratio for the specialized equipment manufacturing industry (C35) and general equipment manufacturing industry (C34) has shown a steady increase over the past year [14] - The pricing of Jiangshun Technology's shares is considered prudent and reasonable, as it is below the average P/E ratios for both the industry and comparable companies [23]