Company Overview - Full Name: Zhejiang Jiezong Technology Co., Ltd [1] - Abbreviation: Jiezong Technology [1] - Stock Code: 873690.BJ [1] - IPO Application Date: June 27, 2023 [1] - Listing Date: January 5, 2024 [1] - Listing Board: Beijing Stock Exchange [1] - Industry: Automotive Manufacturing [1] - IPO Sponsor: Zheshang Securities [1] - Lead Underwriters: Zheshang Securities [1] - Legal Advisor: Beijing Tianyuan Law Firm [1] - Audit Firm: Tianjian Accounting Firm (Special General Partnership) [1] Disclosure and Compliance - Disclosure Issues: Required to supplement disclosure on customer designated material procurement and to explain the effectiveness of the price transmission mechanism and bargaining power [1] - Regulatory Penalty: Received a verbal warning for disclosure violations on January 6, 2023 [2] Performance Metrics - Listing Cycle: Jiezong Technology's listing cycle is 192 days, significantly shorter than the average of 629.45 days for A-share companies in 2024 [3] - Issuance Costs: Underwriting and sponsorship fees amount to 12.8892 million yuan, with a commission rate of 10.00%, higher than the average of 7.71% [6] - First Day Performance: Stock price increased by 124.95% on the first day of listing [7] - Three-Month Performance: Stock price rose by 43.47% compared to the issuance price within three months [5] - Issuance Price-Earnings Ratio: The issuance P/E ratio is 17.46 times, which is 65.71% of the industry average of 26.57 times [6] - Actual Fundraising: Expected fundraising of 211 million yuan, with actual fundraising of 123 million yuan, a decrease of 38.99% [7] Financial Performance - Short-term Performance: In 2024, the company's operating income increased by 23.63% year-on-year, net profit attributable to the parent company increased by 56.86%, and non-recurring net profit increased by 42.30% year-on-year [8] Overall Evaluation - Total Score: Jiezong Technology's IPO project received a total score of 84.5, classified as Grade B [10] - Negative Factors: Disclosure quality needs improvement, past penalties for disclosure violations, high issuance cost ratio, and significant reduction in actual fundraising [10]
浙商证券保荐捷众科技IPO项目质量评级B级 实际募资额缩水近40%