Company Overview - Company Name: Hefei Xueqi Electric Co., Ltd. [1] - Stock Code: 001387.SZ [1] - IPO Application Date: September 30, 2022 [1] - Listing Date: January 11, 2024 [1] - Industry: Electrical Machinery and Equipment Manufacturing [1] - IPO Sponsor: CITIC Securities [1] IPO Details - Underwriting and Sponsorship Fees: 37.7358 million yuan [1] - Underwriting Commission Rate: 7.18%, lower than the average of 7.71% [1] - Average Days from Application to Listing: 629.45 days; Xueqi Electric's duration is 468 days [1] - Issuance Price-Earnings Ratio: 22.53 times, compared to the industry average of 17.02 times [1] Market Performance - First Day Stock Price Increase: 113.52% compared to the issuance price [1] - Stock Price Increase in First Three Months: 38.82% compared to the issuance price [1] Fundraising and Financial Performance - Expected Fundraising Amount: 659 million yuan; Actual Fundraising Amount: 526 million yuan, a decrease of 20.18% [1] - 2024 Revenue: Decreased by 17.51% year-on-year [1] - 2024 Net Profit: Decreased by 27.73% year-on-year [1] - 2024 Non-recurring Net Profit: Decreased by 28.85% year-on-year [1] Additional Metrics - Abandonment Rate: 0.55% [1] - Total Score for IPO Project: 85.5 points, classified as Grade B [1] - Negative Factors Affecting Score: Disclosure quality needs improvement, high issuance P/E ratio, reduced actual fundraising amount, decline in revenue and net profit in the first accounting year, abandonment rate [1]