Company Overview - Full Name: Shanghai Longqi Technology Co., Ltd [1] - Abbreviation: Longqi Technology [1] - Stock Code: 603341.SH [1] - IPO Application Date: January 6, 2023 [1] - Listing Date: March 1, 2024 [1] - Listing Board: Shanghai Stock Exchange Main Board [1] - Industry: Computer, Communication, and Other Electronic Equipment Manufacturing [1] - IPO Sponsor: Huatai United Securities [1] - IPO Underwriters: Huatai United Securities, Guotai Junan Securities [1] - IPO Legal Advisor: Beijing Deheng Law Offices [1] - IPO Audit Firm: Rongcheng Accounting Firm (Special General Partnership) [1] Disclosure and Evaluation - Disclosure Issues: Required to clarify if lawsuits pose substantial obstacles to the issuance, compliance with issuance conditions, and completeness of related party disclosures [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: 420 days, shorter than the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Yes, resulting in deductions [2] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amount to 83.83 million yuan, with a commission rate of 5.37%, lower than the average of 7.71% [3] - First Day Performance: Stock price increased by 99.69% on the first day of listing [4] - Three-Month Performance: Stock price increased by 68.23% within three months post-listing [5] - Issuance Price-to-Earnings Ratio: 24.13 times, compared to the industry average of 25.50 times, representing 94.63% of the industry average [6] - Actual Fundraising: Expected to raise 1.919 billion yuan, but actual fundraising was 1.560 billion yuan, a decrease of 18.72% [7] Post-Listing Performance - Revenue Growth: 2024 revenue increased by 70.62% year-on-year [8] - Net Profit Decline: Net profit attributable to shareholders decreased by 17.21% year-on-year, while non-recurring net profit fell by 26.92% [8] - Subscription and Underwriting Rates: Abandonment rate of 0.41% [9] Overall Evaluation - Total Score: 82.5 points, classified as B-level [9] - Negative Factors: Disclosure quality needs improvement, multiple applications, reduced actual fundraising, and revenue growth without profit increase [9]
华泰联合保荐龙旗科技IPO项目质量评级B级 实际募集金额缩水 上市首年增收不增利