Company Overview - The company is named Meixin Technology Co., Ltd., with the stock code 301588.SZ, and it operates in the rubber and plastic products industry [6]. IPO Information - The IPO application date was March 31, 2022, and the listing date was March 13, 2024, with an average listing cycle of 629.45 days, while Meixin Technology's cycle was 713 days, exceeding the average [3][6]. - The underwriting and sponsorship fees amounted to 39.62 million yuan, with a commission rate of 9.20%, higher than the overall average of 7.71% [4]. - The initial public offering (IPO) price-to-earnings (P/E) ratio was 20.90 times, which is 96.49% of the industry average of 21.66 times [9]. Market Performance - On the first day of trading, the stock price increased by 157.86% compared to the issue price [5]. - After three months of trading, the stock price rose by 75.38% from the issue price [8]. - The actual fundraising amount was 431 million yuan, which represents a decrease of 58.10% from the expected fundraising of 1.028 billion yuan [10]. Financial Performance - In 2024, the company's operating revenue increased by 5.03% year-on-year, while the net profit attributable to the parent company decreased by 22.90%, and the net profit excluding non-recurring gains and losses dropped by 26.49% year-on-year [11]. Evaluation and Scoring - The total score for Meixin Technology's IPO project was 78.5 points, classified as grade C. Negative factors affecting the score include the need for improved information disclosure quality, a lengthy listing cycle, high issuance cost ratio, significant reduction in actual fundraising amount, and a decline in net profit in the first accounting year [12].