Xin Lang Zheng Quan·2025-09-03 08:08Company Overview - Full Name: Guoke Tianceng Technology Co., Ltd [1] - Abbreviation: Guoke Tianceng [1] - Stock Code: 301571.SZ [1] - IPO Application Date: June 10, 2022 [1] - Listing Date: August 21, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - IPO Sponsor: Guotai Junan Securities [1] - IPO Underwriters: Guotai Junan Securities [1] - IPO Legal Advisor: Beijing King & Wood Mallesons (Chengdu) [1] - IPO Audit Firm: BDO China Shu Lun Pan Certified Public Accountants [1] Disclosure Evaluation - Disclosure Issues: Required to delete outdated regulations and policies, further verify shareholder information, and clarify discrepancies in director resumes [1] - Regulatory Penalties: No penalties [2] - Public Supervision: No penalties [2] - Listing Cycle: 803 days, exceeding the average of 629.45 days for 2024 A-share listings [2] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amounted to 38.9767 million yuan, with a commission rate of 7.80%, higher than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 220.02% on the first day [4] - Three-Month Performance: Stock price increased by 332.05% within three months post-listing [5] - Issuance Price-Earnings Ratio: 15.76 times, significantly lower than the industry average of 32.29 times, representing 48.81% of the industry average [6] - Actual Fundraising: Expected to raise 559 million yuan, but actual fundraising was 500 million yuan, a decrease of 10.57% [7] Short-Term Performance - Revenue Growth: 2024 revenue increased by 36.93% year-on-year [8] - Net Profit Growth: Net profit attributable to shareholders increased by 36.18% year-on-year [8] - Non-recurring Net Profit Growth: Non-recurring net profit increased by 24.55% year-on-year [8] - Subscription Rate: Abandonment rate of 0.24% [9] Overall Score - Total Score: 80.5 points, classified as B-level [9] - Negative Factors: Disclosure quality needs improvement, lengthy listing cycle, high issuance cost ratio, reduced actual fundraising, and abandonment rate of 0.24% [9]