超颖电子电路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

Core Viewpoint - The company, Chaoying Electronics Circuit Co., Ltd., is set to list its shares on the Shanghai Stock Exchange on October 24, 2025, following approval from the Shanghai Stock Exchange [2]. Group 1: Listing Details - The company will issue 52.5 million shares, all of which are new shares, with a total share capital of 437.029321 million shares post-IPO [5]. - The IPO price is set at 17.08 yuan per share, which corresponds to a diluted price-to-earnings (P/E) ratio of 28.64 times based on the lower of the earnings per share (EPS) for 2024, adjusted for non-recurring gains and losses [8]. Group 2: Industry Context - The company operates in the computer, communication, and other electronic equipment manufacturing industry, which has an average static P/E ratio of 60.52 times as of October 10, 2025 [6]. - The P/E ratio of 28.64 times for the company's shares is lower than the industry average and the average for comparable companies, indicating potential valuation attractiveness [8]. Group 3: Initial Trading Risks - Initial trading risks include significant price volatility due to the absence of price limits in the first five trading days, followed by a 10% price limit thereafter [4]. - The number of freely tradable shares at the time of listing will be approximately 43.99 million, accounting for about 10.07% of the total share capital, which may lead to liquidity risks [4].