Group 1 - The core viewpoint of the article highlights that Nanwang Technology (301355) has experienced a significant decline in stock price, closing at 13.83 yuan with a drop of 14.37%, indicating it is currently in a state of underperformance [1] - Nanwang Technology was listed on the Shenzhen Stock Exchange's ChiNext board on June 12, 2023, with an issuance of 48,780,000 shares, representing 25.00% of the total share capital post-issuance, at a price of 17.55 yuan per share [1] - On its first trading day, the stock reached a peak price of 24.10 yuan, marking the highest point since its listing, but has since experienced a downward trend [1] Group 2 - The total amount raised from the initial public offering (IPO) was 856.09 million yuan, with a net amount of 773.81 million yuan after deducting issuance costs, which exceeded the original plan by 147.01 million yuan [1] - The funds raised are intended for the construction of a smart factory for producing 2.247 billion green and environmentally friendly paper products, as well as for paper product packaging production and sales projects [1] - The total issuance costs amounted to 82.28 million yuan, with the underwriting and sponsorship fees for Shenwan Hongyuan Securities totaling 58.89 million yuan [1]