Company Overview - Company Name: Shandong Tenda Fastening Technology Co., Ltd. [1] - Stock Code: 001379.SZ [1] - IPO Application Date: July 1, 2022 [1] - Listing Date: January 19, 2024 [1] - Industry: General Equipment Manufacturing [1] - IPO Sponsor: Zhongtai Securities [1] Disclosure and Evaluation - Disclosure Issues: Required to clarify the accuracy of industry position information in the prospectus and the authenticity of expenses [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: 567 days, shorter than the average of 629.45 days for 2024 A-share listings [2] Financial Metrics - Underwriting and Sponsorship Fees: CNY 59.43 million, with a commission rate of 7.00%, lower than the average of 7.71% [3] - First Day Performance: Stock price increased by 42.70% compared to the issue price [4] - Three-Month Performance: Stock price decreased by 9.42% compared to the issue price [5] - Issuance Price-Earnings Ratio: 26.05 times, which is 86.98% of the industry average of 29.95 times [6] - Actual Fundraising: Expected to raise CNY 930 million, but actual fundraising was CNY 849 million, a decrease of 8.76% [7] Post-Listing Performance - Revenue Growth: 4.12% increase in revenue compared to the previous year [8] - Net Profit Decline: 10.49% decrease in net profit compared to the previous year [8] - Non-Recurring Net Profit Decline: 28.34% decrease compared to the previous year [8] - Abandonment Rate: 0.55% [9] Overall Evaluation - Total Score: 89 points, classified as B-level [9] - Negative Factors: Disclosure quality needs improvement, stock price decline in the first three months, reduced actual fundraising, and decreased net profit in the first accounting year [9]