Company Overview - Full name: Guangdong Oulai High-tech Materials Co., Ltd [1] - Abbreviation: Oulai New Materials [1] - Stock code: 688530.SH [1] - IPO application date: December 29, 2022 [1] - Listing date: May 9, 2024 [1] - Listing board: Shanghai Stock Exchange Sci-Tech Innovation Board [1] - Industry: Manufacturing of computers, communications, and other electronic devices [1] - IPO sponsor: China International Capital Corporation (CICC) [1] - IPO legal advisor: Beijing Deheng Law Offices [1] - IPO auditing firm: Rongcheng Accounting Firm (Special General Partnership) [1] Performance Evaluation - Disclosure situation: Required to accurately describe the downstream application fields of main products and improve related disclosures [1] - Regulatory penalties: No deductions [2] - Public opinion supervision: No deductions [2] - Listing cycle: Oulai New Materials' listing cycle is 497 days, shorter than the average of 629.45 days for 2024 A-share companies [2] - Multiple applications: Not applicable, no deductions [2] Financial Metrics - Underwriting and sponsorship fees: 33.2564 million yuan, with a commission rate of 8.66%, higher than the average of 7.71% [3] - First-day performance: Stock price increased by 169.48% compared to the issue price [3] - Three-month performance: Stock price increased by 84.58% compared to the issue price [4] - Issuance price-earnings ratio: 41.44 times, significantly higher than the industry average of 28.20 times, representing 146.95% of the industry average [5] - Actual fundraising ratio: Expected fundraising of 638 million yuan, actual fundraising of 384 million yuan, a decrease of 39.83% [6] Short-term Performance - Revenue for 2024: Decreased by 8.29% year-on-year [7] - Net profit attributable to shareholders: Decreased by 42.91% year-on-year [7] - Non-recurring net profit: Decreased by 49.83% year-on-year [7] - Abandonment rate: 0.14% [8] Overall Score - Total score for Oulai New Materials' IPO project: 79.5 points, classified as Grade C [8] - Negative factors affecting the score: Disclosure quality needs improvement, high issuance cost ratio, high issuance price-earnings ratio, significant reduction in actual fundraising amount, decline in revenue and net profit in the first accounting year, abandonment rate of 0.14% [8]