Core Viewpoint - Xinde New Materials (信德新材) is currently facing a decline in stock price, with a significant drop since its IPO, leading to a market capitalization of 3.407 billion yuan and a share price of 33.40 yuan, down 4.46% [1] Group 1: Company Overview - Xinde New Materials was listed on the Shenzhen Stock Exchange's ChiNext board on September 9, 2022, with an initial public offering (IPO) of 17 million shares at a price of 138.88 yuan per share [1][2] - The company raised a total of 236.096 million yuan through the IPO, with a net amount of 216.58238 million yuan after deducting issuance costs, exceeding the original fundraising plan by 151.58238 million yuan [2] Group 2: Financial Details - The total issuance costs for Xinde New Materials amounted to 19.51362 million yuan, with the lead underwriter, CITIC Securities, receiving 17.50674 million yuan as underwriting fees [3] - The company announced a dividend distribution plan based on its total share capital of 68 million shares as of December 31, 2022, proposing a cash dividend of 10.00 yuan per 10 shares and a capital reserve conversion of 5 additional shares for every 10 shares held [3]