Core Viewpoint - Guanghua Co., Ltd. (001333.SZ) experienced a stock price decline, closing at 22.22 yuan, with a drop of 2.50% [1] Group 1: Company Overview - Guanghua Co., Ltd. was listed on the Shenzhen Stock Exchange on December 8, 2022, with an issuance of 32 million shares at a price of 27.76 yuan per share [1][2] - The company raised a total of 88.832 million yuan from its initial public offering (IPO), with a net amount of 77.325 million yuan after deducting issuance costs of 11.50692 million yuan [2] Group 2: Financial Details - The highest price recorded for Guanghua Co., Ltd. on its first trading day was 43.97 yuan, marking the peak since its listing [2] - The funds raised from the IPO are intended for a project to produce 120,000 tons of polyester resin for powder coatings, the establishment of a research and development center, and to supplement working capital [2]