Workflow
东莞证券保荐科力股份IPO项目质量评级B级 承销保荐佣金率较高 上市首年扣非净利润下降

Core Points - The article discusses the IPO of Xinjiang Keli New Technology Development Co., Ltd. (Keli Co.), which is set to be listed on the Beijing Stock Exchange on October 29, 2024 [3][24]. - Keli Co. received a total score of 84.5, classified as B-level, with concerns regarding its disclosure quality, high issuance costs, reduced actual fundraising amount, and a decline in net profit after deducting non-recurring items in the first accounting year post-IPO [4][27]. Company Overview - Full name: Xinjiang Keli New Technology Development Co., Ltd. - Abbreviation: Keli Co. - Stock code: 920088.BJ - IPO application date: September 28, 2023 - Industry: Mining auxiliary activities [3][24]. Financial Performance - The expected fundraising amount is 208 million yuan, while the actual fundraising amount is 177 million yuan, indicating a decrease of 14.81% [18][27]. - In 2024, the company's operating revenue increased by 5.88% year-on-year, while the net profit attributable to the parent company grew by 3.26%. However, the net profit after deducting non-recurring items decreased by 4.11% compared to the previous year [20][27]. IPO Details - The underwriting and sponsorship fees for Keli Co. amount to 17.51 million yuan, with a commission rate of 9.90%, which is higher than the overall average of 7.71% [10][26]. - The company's issuance price-earnings ratio is 14.79 times, which is 71.21% of the industry average of 20.77 times [16][27]. Market Performance - On the first day of trading, the stock price increased by 397.27% compared to the issuance price [12][27]. - Over the first three months, the stock price rose by 208.33% from the issuance price [14][27]. Disclosure and Compliance - Keli Co. has been required to enhance its disclosure regarding procurement situations, product quality risks, and compliance with national industrial policies [6][24].