Company Overview - The full name of the company is Hebei Keli Automotive Equipment Co., Ltd, abbreviated as Keli Equipment, with the stock code 301552.SZ [1] - The IPO application date was May 26, 2022, and the listing date is set for July 22, 2024, on the Shenzhen ChiNext board [1] - The company operates in the automotive manufacturing industry [1] - The IPO sponsor is Changjiang Securities, with representatives Yin Fuli and Kong Lingrui [1] Regulatory and Performance Evaluation - The company was required to clarify whether it meets the ChiNext positioning and provide sufficient evidence of its core technology being domestically leading [1] - The average listing cycle for A-share companies in 2024 is 629.45 days, while Keli Equipment's listing cycle is 788 days, which is above the average [2] - The underwriting and sponsorship fees amount to 37.1792 million yuan, with a commission rate of 7.29%, lower than the average of 7.71% [3] - On the first day of listing, the stock price increased by 130.67% compared to the issue price [3] - Over the first three months post-listing, the stock price rose by 82.03% compared to the issue price [4] Financial Metrics - The company's issuance price-to-earnings ratio is 15.08 times, which is 74.51% of the industry average of 20.24 times [5] - The expected fundraising amount is 392 million yuan, while the actual fundraising reached 510 million yuan, resulting in an oversubscription rate of 30.01% [6] Short-term Performance - In 2024, the company's operating revenue increased by 25.41% year-on-year, while the net profit attributable to shareholders grew by 9.59%, and the net profit after deducting non-recurring gains and losses increased by 7.69% year-on-year [7] - The abandonment rate for the IPO was 0.24% [7] Overall Evaluation - Keli Equipment's IPO project received a total score of 88.5, classified as Grade B. Negative factors affecting the score include the need for improved information disclosure quality, a listing cycle exceeding two years, and an abandonment rate of 0.24% [8]