Xin Lang Zheng Quan·2025-08-12 09:43Company Overview - Full Name: Chengdu Chengdian Guangxin Technology Co., Ltd [1] - Abbreviation: Chengdian Guangxin [1] - Stock Code: 920008.BJ [1] - IPO Application Date: September 27, 2023 [1] - Listing Date: August 29, 2024 [1] - Listing Board: Beijing Stock Exchange [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - IPO Sponsor: GF Securities [1] - Legal Advisor: Beijing Guofeng Law Firm [1] - Audit Firm: Shinewing Certified Public Accountants [1] Disclosure and Compliance - Required to supplement disclosures regarding procurement from Shenzhen Aisen Vision, including product details, procurement amounts, and market application evidence [1] - Multiple warnings received for disclosure violations and other regulatory issues, including a warning for sensitive period trading on October 13, 2023 [2] IPO Performance - IPO underwriting and sponsorship fees amounted to 9.5118 million yuan, with a commission rate of 8.99%, higher than the average of 7.71% [5] - On the first day of trading, the stock price increased by 101.00% compared to the issue price [6] - Over the first three months post-listing, the stock price rose by 255.80% from the issue price [7] Financial Metrics - The company's issuance price-to-earnings ratio is 15.15 times, significantly lower than the industry average of 31.64 times, representing 47.88% of the industry mean [8] - Expected fundraising was 166 million yuan, but actual fundraising was only 106 million yuan, a decrease of 36.38% [9] - For the year 2024, the company reported a 29.07% year-on-year increase in operating revenue and an 11.66% increase in net profit attributable to shareholders [9] Overall Assessment - Chengdian Guangxin's IPO project received a total score of 67.5, classified as D-level, indicating concerns regarding disclosure quality and regulatory compliance despite strong short-term profitability [10]