Listing Overview - Jiangyin Huaxin Precision Technology Co., Ltd. (referred to as "Huaxin Precision" or "the Company") will list its ordinary shares on the Shanghai Stock Exchange on September 5, 2025 [1] - The total share capital after the issuance will be 174.95 million shares, with 43.74 million shares being newly issued [4][5] - The initial public offering (IPO) price is set at 18.60 CNY per share, corresponding to a price-to-earnings (P/E) ratio of 15.94 times based on pre-IPO earnings and 21.25 times based on post-IPO earnings [4][5] Market Comparison - The P/E ratio of 21.68 times based on post-IPO earnings is lower than the industry average of 21.80 times as of August 20, 2025 [6] - The average P/E ratio for comparable companies in the electrical machinery and equipment manufacturing industry is significantly higher at 68.57 times [6] Trading Risks - The first five trading days will have no price fluctuation limits, which may lead to significant price volatility [2] - The limited number of circulating shares (3.43 million shares, or 19.60% of total shares) poses a liquidity risk [3] - The stock will be eligible for margin trading from the first day of listing, which may introduce additional price volatility and market risks [7]
江阴华新精密科技股份有限公司 首次公开发行股票主板上市公告书提示性公告