Summary of Key Points Core Viewpoint - Guanghua Co., Ltd. (001333.SZ) has experienced a significant decline in stock price, closing at 22.79 yuan with a drop of 3.64% as of January 6, 2023, indicating a bearish trend since its initial public offering [1]. Group 1: Company Overview - Guanghua Co., Ltd. was listed on the Shenzhen Stock Exchange on December 8, 2022, with an initial price of 27.76 yuan per share and an issuance of 32 million shares [1]. - The company achieved a first-day increase of 43.98%, closing at 39.97 yuan, and reached a peak of 43.97 yuan on December 9, 2022, marking its highest point since listing [1]. Group 2: Financial Details - The total funds raised by Guanghua Co., Ltd. amounted to 88.832 million yuan, with net proceeds of 77.32508 million yuan after deducting issuance costs of 11.50692 million yuan [1]. - The funds are intended for projects including the construction of a 120,000-ton annual production facility for powder coating polyester resin, a research and development center, and to supplement working capital [1]. Group 3: Underwriting Information - Dongxing Securities Co., Ltd. served as the lead underwriter for the public offering, earning underwriting and sponsorship fees totaling 7.61681 million yuan [1].