Core Viewpoint - Shanghai Yufan Environmental Technology Co., Ltd. has officially listed on the Shenzhen Stock Exchange, positioning itself as the first stock in urban underground pipeline operation and maintenance, filling a gap in the A-share market for this niche sector [1] Industry Overview - The urban underground pipeline operation and maintenance industry is crucial for city operations and public welfare, with significant demand driven by policies such as the "14th Five-Year Plan" for urban sewage treatment and resource utilization [2] - As of the end of 2023, the total length of urban drainage pipelines in China exceeded 950,000 kilometers, highlighting urgent needs for professional operation and maintenance services due to aging infrastructure [2] Company Profile - Since its establishment in 2012, the company has focused on smart diagnosis, health assessment, and maintenance of drainage pipeline systems, aiming to protect urban infrastructure [2] - The company holds 125 patents, including 33 invention patents, and maintains a stable R&D expense ratio of 4.15%-4.70% of revenue, fostering a positive cycle of research, application, and iteration [3] Technical Strength - The company has established itself as a standard setter in the industry, having authored and contributed to 27 industry standards and participated in national major science and technology projects [3] - Its proprietary technologies address traditional industry pain points, offering significant advantages in environmental protection, structural safety, and traffic maintenance [3] Service Network - The company has set up regional support centers in major cities, enhancing its ability to provide efficient, comprehensive services [4] - It has successfully completed notable projects, such as drainage pipeline tracing in Xiamen and sewage interception in Chongqing, earning multiple prestigious awards [4] Market Position - The company holds a 4.8% market share in the drainage pipeline detection and non-excavation repair industry, maintaining its position as the industry leader [4] - From 2022 to 2024, the company's revenue grew from 513 million to 730 million yuan, with net profit increasing from approximately 80.5 million to 127 million yuan, achieving double-digit year-on-year growth in both revenue and profit for 2023 and 2024 [4] Fundraising and Future Plans - The funds raised will be directed towards enhancing service capabilities in urban pipeline operation, developing a research center for smart diagnostic algorithms, and improving financial structure for operational stability [5] - The chairman emphasized that the listing marks a milestone in the company's history, committing to deepening its focus on underground pipeline services to contribute to the development of livable, safe, and resilient cities [5]
【股东要知道】誉帆科技IPO认购积极，深耕地下管网赋能城市“里子”工程