Xin Lang Zheng Quan·2025-09-09 08:43Company Overview - Company Name: Xingchen Technology Co., Ltd [5] - Stock Code: 301536.SZ [5] - IPO Application Date: June 23, 2022 [5] - Listing Date: March 28, 2024 [5] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [5] - IPO Sponsoring Institution: China International Capital Corporation [5] Performance Evaluation - Average Days from Application to Listing: 629.45 days; Xingchen Technology's listing cycle is 644 days, which is above the average [3] - Underwriting and Sponsorship Fees: 34.027 million yuan, with a commission rate of 5.00%, lower than the average of 7.71% [4] - First Day Stock Performance: Stock price increased by 197.65% compared to the issue price [4] - Three-Month Stock Performance: Stock price increased by 117.45% compared to the issue price [7] Financial Metrics - Issuance Price-Earnings Ratio: 15.34 times, which is 54.17% of the industry average of 28.32 times [8] - Expected Fundraising Amount: 3.099 billion yuan, with actual fundraising amount of 681 million yuan, a decrease of 78.04% [9] - Revenue Growth: 2024 revenue increased by 16.49% year-on-year; net profit attributable to shareholders increased by 25.18% year-on-year; non-recurring net profit increased by 0.42% year-on-year [10] Additional Information - Abandonment Rate: 0.18% [11] - Total Score for IPO Project: 84.5 points, classified as B-level; negative factors include the need for improved information disclosure quality, long listing cycle, significant reduction in actual fundraising amount, and abandonment rate [11]