【12月9日IPO雷达】元创股份申购，沐曦股份、昂瑞微缴款

Group 1: Company Overview - Yuan Chuang Co., Ltd. operates in the rubber and plastic products industry, focusing on rubber track products, including agricultural tracks, engineering tracks, and track plates, with over 30 years of industry experience [2] - The company has established strong relationships with major clients in the industry, such as SANY Heavy Industry, XCMG, and Yanmar Group, due to the large scale and strong stickiness of its customer base [2] Group 2: Financial Performance - The company reported revenues of 1.349 billion yuan in 2024, an increase of 18.19% compared to the previous year, while revenues in 2023 were 1.141 billion yuan, a decrease of 9.45% [2] - The forecast for 2025 indicates a net profit attributable to shareholders of 157 million yuan, representing a growth of 1.50% compared to the previous year [2] - The company’s earnings per share (EPS) for 2024 is projected to be 1.547 billion yuan, down 12.94% from 2023, while 2022 saw a net profit of 1.389 billion yuan, an increase of 50.17% [2] Group 3: Market Position and Valuation - The company’s issuance price is set at 24.75 yuan, with a total market capitalization of 590 million yuan and a total share capital of 1.455 billion shares [2] - The issuance price-to-earnings (P/E) ratio is 12.93, significantly lower than the industry average P/E ratio of 26.37, indicating potential undervaluation [2] Group 4: Use of Proceeds - The funds raised from the issuance will be allocated to the construction of production bases, establishment of a technology center, and to supplement working capital [2]