Company Overview - Full Name: Sichuan 6912 Communication Technology Co., Ltd [1] - Abbreviation: 6912 [1] - Stock Code: 301592.SZ [1] - IPO Application Date: June 28, 2022 [1] - Listing Date: October 24, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Software and Information Technology Services [1] - IPO Sponsor: First Capital Securities [1] - Legal Advisor: Guohao Law Firm (Chengdu) [1] - Audit Firm: Da Xin Accounting Firm [1] Performance Evaluation - Disclosure Situation: Required to provide more accurate and objective disclosures regarding main business operations [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: 849 days, exceeding the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no deductions [2] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amounted to 38.9491 million yuan, with a commission rate of 7.55%, lower than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 476.47% on the first day compared to the issue price [4] - Three-Month Performance: Stock price increased by 356.29% within three months post-listing compared to the issue price [5] - Issuance Price-Earnings Ratio: 22.66 times, which is 53.80% of the industry average of 42.12 times [6] - Actual Fundraising Ratio: Expected and actual fundraising amount is 516 million yuan [7] Short-Term Performance Post-Listing - Revenue Growth: 31.25% year-on-year increase in revenue for 2024 [8] - Net Profit Growth: 6.71% year-on-year increase in net profit attributable to shareholders [8] - Non-Recurring Net Profit Growth: 8.4% year-on-year increase in non-recurring net profit attributable to shareholders [8] Subscription Metrics - Abandonment Rate: 0.39% [9] Overall Score - Total Score: 89.5 points, classified as Grade B [9] - Negative Factors Affecting Score: Disclosure quality needs improvement, listing cycle exceeds two years, abandonment rate of 0.39% [9]