Core Viewpoint - Xinde New Materials (信德新材) has experienced a significant decline in stock price since its IPO, currently trading at 37.47 yuan, down 7.44%, indicating a state of underperformance since its listing [1][2]. Group 1: Company Overview - Xinde New Materials was listed on the Shenzhen Stock Exchange's ChiNext board on September 9, 2022, with an initial public offering (IPO) of 17 million shares at a price of 138.88 yuan per share [1]. - The stock reached a peak price of 180 yuan on its first trading day but has since faced a downward trend, currently trading below its IPO price [1]. Group 2: Financial Performance - The total funds raised by Xinde New Materials amounted to 236.096 million yuan, with a net amount of 216.58238 million yuan after deducting issuance costs, exceeding the original fundraising plan by 151.58238 million yuan [1]. - The company planned to use the raised funds for a 30,000-ton carbon material industrial upgrade project, a research and development center, and to supplement working capital [1]. Group 3: Shareholder Returns - In 2023, Xinde New Materials announced a dividend distribution plan, where shareholders would receive a cash dividend of 10 yuan per 10 shares, totaling 68 million yuan, along with a capital reserve conversion of 5 additional shares for every 10 shares held [2]. - The record date for the dividend distribution was set for May 30, 2023, with the ex-dividend date on May 31, 2023 [2].