Core Viewpoint - Zhigao Machinery is set to launch its initial public offering (IPO) with a price of 17.41 yuan and a price-to-earnings ratio of 14.50 times, aiming to raise approximately 3.74 billion yuan for various projects [1][2]. Group 1: IPO Details - The IPO will have an initial issuance of 21.48 million shares, with 17.19 million shares available for online subscription [1]. - The total share capital after the issuance will be 85.93 million shares, with an option for over-allotment allowing for an additional 3.22 million shares to be sold [1]. - The total funds raised could reach 4.30 billion yuan if the over-allotment option is fully exercised [1]. Group 2: Fund Allocation - The raised funds will be allocated to the construction of a production line for 300 intelligent drilling machines, which will receive an investment of approximately 42.88 million yuan [2]. - An engineering technology research and development center will be established with an investment of 5.77 million yuan [2]. - The company will also allocate 5 million yuan to supplement its working capital [2]. Group 3: Financial Performance - The company’s projected net profits for 2022, 2023, and 2024 are 88.99 million yuan, 104 million yuan, and 105 million yuan, reflecting year-on-year growth rates of 32.93%, 16.31%, and 1.49% respectively [2]. - Key financial metrics for 2024 include total assets of 905.10 million yuan, net assets of 568.87 million yuan, and operating income of 888.44 million yuan [3]. - The company’s return on equity is projected to be 20.35% in 2024, with a net cash flow from operating activities of 163.90 million yuan [4].
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