Listing Overview - The company, Heilongjiang Tianyouwei Electronics Co., Ltd., will list its common shares on the Shanghai Stock Exchange on April 24, 2025, with a total of 40 million new shares issued [1] - The total share capital after the issuance will be 160 million shares, with 32,543,652 shares available for public trading, representing 20.34% of the total share capital [2] Financial Metrics - The initial public offering (IPO) price is set at 93.50 yuan per share, corresponding to a price-to-earnings (P/E) ratio of 9.87 times based on the 2024 earnings before non-recurring items [2][3] - The diluted P/E ratio based on the post-IPO total share capital is 13.50 times, which is lower than the industry average P/E ratio of 27.16 times as of April 9, 2025 [4] Industry Comparison - The company operates in the automotive manufacturing industry, classified under C36 according to the National Bureau of Statistics [3] - The average static P/E ratio for comparable companies in the same industry is higher than that of Tianyouwei, indicating potential valuation attractiveness [4] Lock-up Periods - Original shareholders will have a lock-up period of 36 months or 12 months, while offline restricted shares will have a lock-up period of 6 months, which may affect liquidity in the initial trading phase [2]
黑龙江天有为电子股份有限公司首次公开发行股票主板上市公告书提示性公告