Core Viewpoint - Jianlin Home's stock price has declined significantly since its IPO, currently trading below its initial offering price, indicating potential challenges in the market [1] Company Overview - Jianlin Home was listed on the Shanghai Stock Exchange on July 30, 2020, with an initial offering price of 15.53 yuan per share [1] - The company specializes in the research, design, production, and sales of kitchen and bathroom products, water purification products, and other home-related products [1] - The product categories include shower series, faucet series, drainage series, water purifiers, air treatment products, and automotive accessories [1] Stock Performance - After an initial surge, with the stock reaching a peak of 29.77 yuan on August 4, 2020, the stock has since experienced a continuous decline [1] - As of October 9, 2023, the stock closed at 11.61 yuan, reflecting a drop of 5.38% and indicating that it is currently in a state of "broken issue" [1] - The stock price fell below the initial offering price on January 7, 2021 [1] Fundraising and Use of Proceeds - Jianlin Home raised a total of 699 million yuan through its IPO, with a net amount of 635 million yuan after expenses [2] - The funds raised are allocated for expanding production lines for kitchen and bathroom products, water purification products, upgrading smart information systems, and building a research and development center [2] - The total issuance costs for the IPO amounted to 63.54 million yuan, with the underwriting fees to the sponsor, Changjiang Securities, being 44.39 million yuan [2]
建霖家居跌5.38% 2020年上市即巅峰募资7亿元