Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-19 10:17Group 1 - The company has set the issuance price at 80.44 yuan per share, corresponding to a price-to-earnings (P/E) ratio of 12.37 times based on the lower of the audited net profit attributable to the parent company for 2024, adjusted for non-recurring gains and losses [1][3][6] - The company meets the listing standards set by the Shanghai Stock Exchange, with a projected market value of no less than 5 billion yuan and positive net profit in the most recent year [2] - The company operates in the cultural, sports, and entertainment industry, specifically in the cultural arts sector, with an average industry P/E ratio of 26.90 [3][5] Group 2 - The company’s net profits for the years 2022 to 2025 (up to June) are projected to be -76.06 million yuan, 42.02 million yuan, 50.30 million yuan, and 20.41 million yuan, respectively, with total operating revenues of 231.89 million yuan, 1.09 billion yuan, 1.26 billion yuan, and 516.46 million yuan [2] - The company’s cash flow from operating activities over the last three years has accumulated to 6.64 million yuan, meeting the requirement of at least 25 million yuan [2] - The company’s P/E ratio of 12.37 is lower than the average static P/E ratio of comparable companies in the industry for 2024 [6][10] Group 3 - The company plans to use approximately 155.51 million yuan from the fundraising for its projects, with a net fundraising amount expected to be around 152.19 million yuan after deducting issuance costs [13] - The shares issued will have no restrictions on circulation and can be traded immediately upon listing [14] - The company will conduct its public offering on the Shanghai Stock Exchange, with the online subscription date set for December 22, 2025 [19][20]