Group 1 - The core point of the article is that Guotai Environmental (301203) experienced a stock price decline of 2.83%, closing at 34.74 yuan, indicating it is currently in a state of underperformance since its IPO [1] - Guotai Environmental was listed on the Shenzhen Stock Exchange's ChiNext board on April 4, 2023, with a total issuance of 20 million shares at an initial price of 46.13 yuan per share [1] - The total funds raised from the IPO amounted to 922.60 million yuan, with a net amount of 856.54 million yuan after deducting issuance costs, which exceeded the original plan by 526.77 million yuan [1] Group 2 - The company planned to use 329.77 million yuan of the raised funds for projects including a complete equipment manufacturing base and a research and development center [1] - The total issuance costs for the IPO were 66.06 million yuan, with underwriting and sponsorship fees accounting for 43.87 million yuan [1]