德力佳传动科技(江苏)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 - DeLijia Transmission Technology (Jiangsu) Co., Ltd. has received approval for its initial public offering (IPO) of 40,000,100 shares at a price of 46.68 yuan per share, with the listing scheduled for October 28, 2025 [1][4][10]. Group 1: IPO Details - The IPO will consist of a combination of strategic placement, offline inquiry, and online issuance [1][2]. - The strategic placement will involve key management and employees, as well as large enterprises with strategic cooperation [2][3]. - The final issuance price of 46.68 yuan per share corresponds to a price-to-earnings (P/E) ratio of 31.48 times based on the 2024 earnings before non-recurring items [4][5]. Group 2: Pricing and Valuation - The determined issuance price is below the average P/E ratio of 44.03 times for the general equipment manufacturing industry as of October 23, 2025 [6][9]. - The issuance price is also lower than the average P/E ratios of comparable companies in the same sector [9][10]. - The total expected fundraising amount is approximately 186.72 million yuan, which is less than the initially projected fundraising requirement of 188.08 million yuan [10][11]. Group 3: Subscription Process - Investors can subscribe to the shares on October 28, 2025, with specific time slots for online and offline subscriptions [4][12]. - The offline subscription will be subject to a 10% lock-up period for a portion of the shares, while the online shares will have no restrictions [12][13]. - Investors must ensure that their funds are available by October 30, 2025, to fulfill their subscription obligations [16][17].