Company Overview - Yufan Technology officially listed on the Shenzhen Stock Exchange on December 30, marking a new phase of high-quality development through "industry deepening + capital empowerment" [1] - Founded in 2012, Yufan Technology specializes in smart diagnosis and health assessment of drainage pipeline systems, damage treatment, and operational maintenance [1] - The company holds 125 patents, including 33 invention patents, with R&D expenses consistently accounting for 4.15% to 4.70% of revenue [1] Market Position - Yufan Technology holds a 4.8% market share in the drainage pipeline detection and non-excavation repair industry, ranking first in the market as of 2024 [1] - The company has been a standard setter in the industry, having led or participated in the development of 27 industry, regional, and group standards [1] Financial Performance - From 2022 to 2024, Yufan Technology's revenue increased from 513 million to 730 million yuan, while net profit attributable to shareholders rose from 80.52 million to 127 million yuan [2] - The company raised a net amount of 515 million yuan through its IPO, with 25% of the total shares issued [2] Future Prospects - The urban underground pipeline operation and maintenance industry in China is rapidly developing, with the total length of urban drainage pipelines exceeding 950,000 kilometers by the end of 2023 [2] - The industry is expected to see significant growth, with a market demand of over one trillion yuan emerging due to aging pipeline issues [2][3] - The smart operation and maintenance segment is projected to have a compound annual growth rate of 25% over the next decade [3]
誉帆科技：坚定深耕地下管网产业