Core Viewpoint - Honglin Electric (301439.SZ) is currently experiencing a decline in stock price, trading at 16.29 yuan with a drop of 4.63%, indicating a state of underperformance since its IPO [1] Company Summary - Honglin Electric was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 17, 2023, with an issuance of 97.28 million shares at a price of 19.99 yuan per share [1] - The stock reached an intraday high of 28.00 yuan on its listing day, marking the highest price since its IPO [1] - The total funds raised from the IPO amounted to 1,944,627,200.00 yuan, with a net amount of 1,697,720,545.15 yuan after deducting issuance costs, exceeding the original plan by 999 million yuan [1] - The company planned to use the raised funds for several projects, including intelligent manufacturing of power lines, capacity enhancement, technical transformation projects, and working capital supplementation [1] Financial Summary - The total issuance costs (excluding VAT) for the IPO were 246,906,654.85 yuan, with underwriting and sponsorship fees accounting for 217,011,061.13 yuan [1]