Core Viewpoint - Guanghua Co., Ltd. (001333.SZ) is currently experiencing a decline in stock price, with a closing price of 23.65 yuan and a drop of 7.47%, resulting in a total market capitalization of 3.027 billion yuan [1] Group 1: Stock Performance - The stock is currently in a state of decline, having fallen below its initial public offering (IPO) price [1] - On its first trading day, Guanghua Co., Ltd. saw a significant increase of 43.98%, closing at 39.97 yuan [1] - The highest price recorded since the IPO was 43.97 yuan on December 9, 2022 [1] Group 2: IPO Details - Guanghua Co., Ltd. issued 32 million shares at an IPO price of 27.76 yuan per share [1] - The total amount raised from the IPO was 888.32 million yuan, with net proceeds of 773.25 million yuan after deducting issuance costs of 115.07 million yuan [1] - The funds raised are intended for a project to build a production facility for 120,000 tons of polyester resin for powder coatings, a research and development center, and to supplement working capital [1] Group 3: Underwriting Information - The lead underwriter for the IPO was Dongxing Securities Co., Ltd., with underwriting and sponsorship fees amounting to 76.17 million yuan [1]