Core Viewpoint - N Hongyuan (920018) was listed on the Beijing Stock Exchange today, opening at 37.20 yuan, representing a 305.67% increase from its issue price of 9.17 yuan [1]. Company Overview - N Hongyuan primarily engages in the research, production, and sales of electromagnetic wires, including various types such as switch wires, paper-wrapped wires, enameled wires, and composite wires. These products are mainly used in high-voltage, large-capacity power transformers, converter transformers, and reactors for large-scale power transmission and transformation equipment [1]. Financial Performance - The company reported net profits of 49.9975 million yuan for 2022, 64.4657 million yuan for 2023, and is projected to reach 101 million yuan in 2024 [2]. IPO Details - The total number of shares issued in the public offering was 30.6818 million, with an issuance price of 9.17 yuan and a price-to-earnings ratio of 12.34 times. The online subscription amount was 24.5455 million shares, with an oversubscription ratio of 2771.70 times and an allocation ratio of 0.04% [1][2]. - The strategic placement of shares accounted for 6.1364 million shares, representing 20% of the initial issuance size [1].
N宏远上市首日开盘上涨305.67%