Company Overview - Company Name: Huihan Microelectronics Co., Ltd. [7] - Stock Code: 301600.SZ [7] - IPO Application Date: July 15, 2022 [7] - Listing Date: September 11, 2024 [7] - Listing Board: Shenzhen ChiNext [7] - Industry: Manufacturing of computers, communications, and other electronic devices [7] - IPO Sponsor: GF Securities [7] - IPO Auditing Firm: Rongcheng Accounting Firm [7] Performance Evaluation - Average Days from Application to Listing: 629.45 days; Huihan's listing cycle is 789 days, exceeding the average [3] - Underwriting and Sponsorship Fees: 52.3013 million yuan, with a commission rate of 7.48%, lower than the average of 7.71% [4] - First Day Stock Performance: Stock price increased by 53.69% compared to the issue price [5] - Three-Month Stock Performance: Stock price increased by 208.73% compared to the issue price [6] - Issuance Price-to-Earnings Ratio: 22.57 times, which is 74.12% of the industry average of 30.45 times [9] - Actual Fundraising Amount: Expected and actual fundraising of 699 million yuan [10] Short-term Performance Post-Listing - Revenue Growth: 25.68% year-on-year increase in revenue [11] - Net Profit Growth: 37.54% year-on-year increase in net profit attributable to shareholders [11] - Non-recurring Net Profit Growth: 37.04% year-on-year increase in non-recurring net profit attributable to shareholders [11] - Subscription Rate: Abandonment rate of 0.74% [11] Overall Evaluation - Total Score for IPO Project: 85.5 points, classified as Grade B [11] - Negative Factors Affecting Score: Disclosure quality needs improvement, long listing cycle, repeated applications, and abandonment rate of 0.74% [11]