Company Overview - Jiangsu Huayang Intelligent Equipment Co., Ltd. is set to be listed on the Shenzhen ChiNext board on February 2, 2024, after filing for IPO on June 20, 2022 [1] - The company operates in the electrical machinery and equipment manufacturing industry [1] IPO Details - The underwriting and sponsorship fees for the IPO amount to 28.51 million yuan, with a commission rate of 7.13%, lower than the industry average of 7.71% [1] - The company’s IPO project scored 82.5 points, classified as Grade B, with negative factors including the need for improved information disclosure and a high issuance price-earnings ratio [1] Market Performance - On the first day of trading, the stock price increased by 114.10% compared to the issue price [1] - Over the first three months post-listing, the stock price rose by 29.95% from the issue price [1] Financial Performance - The company expects to raise 454 million yuan but has actually raised 400 million yuan, reflecting a decrease of 12.02% in the actual fundraising amount [1] - For the year 2024, the company reported a 1.57% year-on-year increase in operating revenue, while net profit attributable to shareholders decreased by 48.51%, and non-recurring net profit fell by 49.56% year-on-year [1] Subscription Metrics - The abandonment rate for the IPO was 0.36% [1]
东吴证券保荐华阳智能IPO项目质量评级B级上市首年业绩“大变脸”扣非净利润大降近五成