Company Overview - The full name of the company is Laplace New Energy Technology Co., Ltd., with the stock code 688726.SH. The IPO application date was June 19, 2023, and the listing date is set for October 29, 2024, on the Shanghai Stock Exchange Sci-Tech Innovation Board. The company operates in the specialized equipment manufacturing industry and is sponsored by Huatai United Securities [1]. Disclosure and Regulatory Evaluation - The company was required to modify disclosures regarding the impact of major legal regulations on its operations and clarify the necessity of two similar fundraising projects. It was also asked to disclose the consensus action relationships among shareholders before the issuance and to enhance the significance and targeting of major event alerts [1]. - The company received no penalties for regulatory violations or public scrutiny, and its listing cycle of 498 days is shorter than the average of 629.45 days for 2024 A-share companies [1][2]. Financial Metrics - The underwriting and sponsorship fees amounted to 55.8166 million yuan, with a commission rate of 7.83%, which is higher than the average of 7.71% [2]. - The company's initial stock price increased by 286.29% on the first day of trading [3]. - Over the first three months post-listing, the stock price rose by 138.91% compared to the issuance price [4]. - The issuance price-to-earnings ratio was 19.87 times, which is 77.71% of the industry average of 25.57 times [5]. - The expected fundraising amount was 1.888 billion yuan, but the actual amount raised was only 713 million yuan, reflecting a decrease of 62.25% [6]. Performance Metrics - In 2024, the company reported a 93.12% year-on-year increase in operating revenue, a 77.53% increase in net profit attributable to shareholders, and a 68.79% increase in net profit after deducting non-recurring gains and losses [7]. - The abandonment rate for the IPO was 0.11% [8]. Overall Assessment - The total score for Laplace's IPO project is 86, classified as B-level. Negative factors affecting the score include the need for improved disclosure quality, high issuance cost rate, significant reduction in actual fundraising amount, and the abandonment rate of 0.11%. This indicates that while the company shows strong short-term profitability, the authenticity of its performance warrants investor attention [8].
华泰联合保荐拉普拉斯IPO项目质量评级B级 实际募集金额缩水超6成