华新精科: 华新精科首次公开发行股票并在主板上市发行公告

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. is set to conduct its initial public offering (IPO) and list on the main board, with the underwriting managed by Huatai United Securities Co., Ltd. [1][6][12] Company Overview - The company is engaged in the electrical machinery and equipment manufacturing industry, with a total share issuance of 43.7375 million shares, accounting for 25% of the post-issue total share capital [3][12][15]. - The company has met the listing standards, with cumulative net profits over the last three years amounting to 410.7551 million yuan, and a recent year's net profit of 150.063 million yuan [12][15]. Issuance Details - The IPO will utilize a combination of strategic placement, offline issuance, and online issuance, with a determined issue price of 18.60 yuan per share [2][16]. - The total funds raised are expected to be 813.5175 million yuan, with a net amount of approximately 727.1896 million yuan after deducting issuance costs [16][18]. Pricing and Valuation - The determined issue price corresponds to a diluted price-to-earnings (P/E) ratio of 21.68 times, which is lower than the average P/E ratio of comparable companies in the same industry [14][16]. - The average static P/E ratio for the electrical machinery and equipment manufacturing industry is reported to be 60.25 times [14]. Subscription and Allocation - The strategic placement accounts for 20% of the total issuance, with 8.7475 million shares allocated to strategic investors [15][22]. - The offline issuance has a total of 9,088 valid subscription objects, with a total proposed subscription amount of 86.466 million shares [13][24]. Important Dates - The offline subscription period is set for August 25, 2025, with online subscription occurring on the same day [19][29]. - The final allocation results will be disclosed on August 29, 2025 [28].