Core Viewpoint - Honglin Electric (301439.SZ) has experienced a decline in stock price, closing at 15.34 yuan, representing a drop of 2.48%, and is currently in a state of underperformance since its IPO [1] Group 1: Company Overview - Honglin Electric was listed on the Shenzhen Stock Exchange's ChiNext board on March 17, 2023, with an issuance of 97.28 million shares at a price of 19.99 yuan per share [1] - The stock reached an intraday high of 28.00 yuan on its listing day, marking the highest price since its IPO [1] Group 2: Fundraising and Financials - The total amount raised from the initial public offering (IPO) was approximately 1.94 billion yuan, with a net amount of about 1.70 billion yuan after deducting issuance costs [1] - The net fundraising amount exceeded the original plan by 999 million yuan [1] - The company planned to use the raised funds for various projects, including intelligent manufacturing and capacity enhancement for power lines, technical transformation projects, and working capital supplementation [1] Group 3: Issuance Costs - The total issuance costs (excluding VAT) amounted to approximately 246.91 million yuan, with underwriting and sponsorship fees constituting about 217.01 million yuan [1]