Company Overview - Full Name: Zhejiang Top Yun Nong Technology Co., Ltd [1] - Abbreviation: Top Yun Nong [1] - Stock Code: 301556.SZ [1] - IPO Application Date: June 24, 2022 [1] - Listing Date: October 17, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Software and Information Technology Services [1] - IPO Sponsoring Institution: Guotai Junan Securities [1] - IPO Underwriters: Guotai Junan Securities, GF Securities [1] - IPO Legal Advisor: Guohao Law Firm (Hangzhou) [1] - IPO Audit Institution: Lixin Certified Public Accountants (Special General Partnership) [1] Disclosure and Evaluation - Disclosure Issues: Required to disclose information related to "Three Innovations and Four New" and the accuracy of the statement regarding IoT projects [1] - Regulatory Penalties: No penalties [2] - Public Supervision: No penalties [2] - Listing Cycle: 846 days, exceeding the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no penalties [2] Financial Metrics - Underwriting and Sponsorship Fees: CNY 45 million, with a commission rate of 14.56%, higher than the average of 7.71% [3] - First Day Performance: Stock price increased by 800.07% compared to the issue price [3] - Three-Month Performance: Stock price increased by 483.31% compared to the issue price [4] - Issuance Price-Earnings Ratio: 11.73 times, significantly lower than the industry average of 39.15 times [5] - Actual Fundraising: Expected to raise CNY 362 million, but actual fundraising was CNY 309 million, a decrease of 14.50% [6] Post-Listing Performance - Short-term Performance: In 2024, the company's revenue increased by 6.41% year-on-year, and net profit attributable to shareholders increased by 7.35% year-on-year [7] - Abandonment Rate: 0.31% [8] Overall Assessment - Total Score: 81 points, classified as B-level [8] - Negative Factors Affecting Score: Disclosure quality needs improvement, listing cycle over two years, high issuance cost rate, reduced actual fundraising amount, and abandonment rate of 0.31% [8]
国泰君安保荐托普云农IPO项目质量评级B级 上市周期超两年 发行费用率畸高