超颖电子电路股份有限公司首次公开发行股票并在主板上市投资风险特别公告

Core Viewpoint - The company, 超颖电子电路股份有限公司, has received approval for its initial public offering (IPO) of 525 million shares on the Shanghai Stock Exchange, with a determined issue price of 17.08 yuan per share [1][5]. Group 1: IPO Details - The IPO will consist of 525 million shares, all of which are new shares for public offering [1]. - The offering will be conducted through a combination of strategic placement, offline inquiry, and online issuance [2]. - The strategic placement will involve senior management and core employees, as well as large enterprises with strategic cooperation [3]. Group 2: Pricing and Valuation - The determined issue price of 17.08 yuan per share corresponds to a price-to-earnings (P/E) ratio of 23.78 times based on the 2024 earnings before non-recurring gains and losses [6]. - The issue price is below the average static P/E ratio of 60.52 times for the industry as of October 10, 2025 [7]. - The total fundraising amount from the IPO is expected to be 896.7 million yuan, exceeding the previously stated fundraising requirement of 660 million yuan [9]. Group 3: Subscription Process - Investors can subscribe to the shares on October 15, 2025, with specific time slots for online and offline subscriptions [5]. - The offline subscription will not require cumulative bidding, and the final pricing will be based on the inquiry results [5][9]. - Investors must ensure that their funds are available by October 17, 2025, for the subscription [14]. Group 4: Lock-up Periods - For offline investors, 90% of the allocated shares will have no lock-up period, while 10% will be subject to a 6-month lock-up [11]. - Strategic placement investors will have a lock-up period of 12 months from the IPO date [11]. Group 5: Market Context - The company operates in the computer, communication, and other electronic equipment manufacturing industry, which is classified under C39 [7]. - The pricing strategy follows a market-oriented approach, considering the valuation of comparable companies and market conditions [9].