Xin Lang Zheng Quan·2025-09-28 08:04Company Overview - Full Name: Shanghai Bolong Equipment Technology Co., Ltd [1] - Abbreviation: Bolong Technology [1] - Stock Code: 603325.SH [1] - IPO Application Date: September 30, 2022 [1] - Listing Date: January 10, 2024 [1] - Listing Board: Shanghai Stock Exchange Main Board [1] - Industry: General Equipment Manufacturing [1] - IPO Sponsor: Guosen Securities [1] - IPO Underwriters: Guosen Securities [1] - IPO Legal Advisor: Guohao Law Firm (Shanghai) [1] - IPO Audit Firm: Shanghai Huahui Certified Public Accountants [1] Performance Evaluation - Disclosure Situation: Required to improve the specificity and relevance of risk factor disclosures and to accurately represent the company's industry position and competitive landscape [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: Bolong Technology's listing cycle is 467 days, shorter than the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no deductions [3] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amount to 76.64 million, with a commission rate of 6.34%, lower than the average of 7.71% [3] - First Day Performance: Stock price increased by 17.21% on the first day of listing [3] - Three-Month Performance: Stock price decreased by 3.33% compared to the issuance price [4] - Issuance Price-Earnings Ratio: The issuance P/E ratio is 20.78 times, which is 68.97% of the industry average of 30.13 times [5] - Actual Fundraising Ratio: Expected fundraising of 1.11 billion, actual fundraising of 1.208 billion, with an oversubscription ratio of 8.85% [6] Short-Term Performance - Revenue for 2024 decreased by 5.43% year-on-year, while net profit attributable to shareholders increased by 3.32% year-on-year, and non-recurring net profit decreased by 6.48% year-on-year [7] - Abandonment Rate: 1.66% [8] Overall Score - Bolong Technology's IPO project received a total score of 89.5, classified as B-level. Negative factors affecting the score include the need for improved disclosure quality, a decline in stock price over three months, and a decrease in revenue and non-recurring net profit in the first accounting year [8]