Core Viewpoint - Yuan Chuang Technology Co., Ltd. is set to list its common shares on the Shenzhen Stock Exchange on December 18, 2025, with an initial public offering price of 24.75 yuan per share, raising concerns about potential investment risks and market volatility [1][5]. Group 1: Listing Details - The stock will be listed under the name "Yuan Chuang Shares" with the stock code "001325" [4]. - The total share capital after the IPO will be 78.4 million shares, with 19.6 million shares being newly issued and available for trading, representing 25% of the total share capital [4]. Group 2: Financial Metrics - The IPO price of 24.75 yuan per share corresponds to a diluted price-to-earnings (P/E) ratio of 12.93 times based on the lowest net profit attributable to the parent company for 2024, which is lower than the comparable listed companies' static P/E ratio of 17.36 times [8]. - The diluted rolling P/E ratio based on the same IPO price is 12.31 times, also lower than the comparable companies' rolling P/E ratio of 30.71 times [9]. Group 3: Market Risks - The stock will have no price fluctuation limits for the first five trading days, which may lead to significant price volatility [2]. - The initial public offering shares will be available for margin trading from the first day of listing, potentially increasing price fluctuation risks and market risks [3]. - The total number of freely tradable shares at the time of listing is relatively low, which may lead to liquidity risks [3].
元创科技股份有限公司 首次公开发行股票并在主板上市之上市公告书提示性公告