Listing Overview - The company, DaoShengTianHe Materials Technology (Shanghai) Co., Ltd., is set to list its ordinary shares on the Shanghai Stock Exchange on October 17, 2025 [1][2] - The total share capital after the IPO will be 659,400,000 shares, with 131,880,000 shares being newly issued [4][5] Investment Risks - The initial trading period for the company's shares will have no price fluctuation limits for the first five trading days, which may lead to significant price volatility [3] - The number of freely tradable shares is limited, with only 107,183,716 shares available for trading, representing 16.25% of the total share capital, posing liquidity risks [4] - The IPO price is set at 5.98 CNY per share, resulting in a price-to-earnings (P/E) ratio of 20.37 times based on pre-non-recurring profit for 2024, and 23.24 times based on post-non-recurring profit [5][6] - The company's P/E ratio of 29.05 times based on diluted earnings is higher than the industry average of 27.90 times, indicating potential valuation concerns [6] Financing and Margin Trading - The company's shares will be eligible for margin trading from the first day of listing, which may introduce additional price volatility and market risks [7]
道生天合材料科技（上海）股份有限公司 首次公开发行股票主板上市公告书提示性公告