Company Overview - Haocreative Technology (301668.SZ) has initiated its subscription on September 11, with an issue price of 21 CNY per share and a maximum subscription limit of 0.65 thousand shares, resulting in a price-to-earnings ratio of 21.02 times [1] - The company specializes in smart distribution equipment and digital solutions for distribution networks, focusing on the research, production, and sales of products such as smart ring main units, smart pole-mounted switches, and box-type substations [1][2] Industry Insights - According to the "China Power Industry Annual Development Report 2024," the total investment in China's power grid for 2023 reached 527.7 billion CNY, marking a year-on-year increase of 5.4%, with 292 billion CNY allocated to distribution networks, accounting for 55.33% of the total [1] - The National Energy Administration projects that the investment in power grid engineering will reach 608.3 billion CNY in 2024, reflecting a year-on-year growth of 15.3% [1] - The global smart grid market was valued at 43.1 billion USD in 2021 and is expected to grow to 103.4 billion USD by 2026, with a compound annual growth rate (CAGR) of 19.1%, indicating a significant opportunity in the distribution segment [3] Financial Performance - The company reported revenues of approximately 560 million CNY, 672 million CNY, and 867 million CNY for the fiscal years 2022, 2023, and 2024, respectively [5] - Net profits for the same periods were approximately 68.76 million CNY, 87.41 million CNY, and 111 million CNY [5] - As of December 31, 2024, total assets are projected to be 711.96 million CNY, with equity attributable to shareholders at 436.02 million CNY and a debt-to-asset ratio of 37.15% [6]
A股申购 | 昊创瑞通(301668.SZ)开启申购 聚焦智能配电设备及配电网数字化