Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-07-21 13:16Listing Overview - Shandong Shanda Electric Technology Co., Ltd. will be listed on the Shenzhen Stock Exchange's ChiNext board on July 23, 2025, with a total share capital of 162,880,000 shares after the IPO [1] - The company will issue 40,720,000 shares, all of which are new shares and do not involve the transfer of shares from existing shareholders [1] Pricing and Valuation - The issue price is set at 14.66 yuan per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 19.57 times for 2024, lower than the industry average P/E ratio of 20.25 times [2][3] - The average static P/E ratio for comparable companies is 50.67 times for pre-deduction and 52.09 times for post-deduction of non-recurring gains and losses for 2024 [4] Industry Classification - The company operates in the "Electrical Machinery and Equipment Manufacturing" industry, classified under C38 according to the China Listed Companies Association [2]