固德电材系统（苏州）股份有限公司 首次公开发行股票并在创业板上市投资风险特别公告

Core Viewpoint - The company, Gude Electric Materials, is set to issue up to 20.7 million shares at a price of 58.00 RMB per share, representing 25% of the post-issue total share capital, with the aim of listing on the ChiNext board of the Shenzhen Stock Exchange [1][2]. Group 1: Issuance Details - The issuance has been approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission [1]. - The issuance price of 58.00 RMB per share corresponds to a diluted price-to-earnings (P/E) ratio of 27.96 times based on the lower of the audited net profit attributable to the parent company for 2024, excluding non-recurring gains and losses [2][10]. - The issuance will be conducted through a combination of strategic placement, offline inquiry placement, and online public offering [3][4]. Group 2: Pricing and Valuation - The determined issuance price is lower than the average static P/E ratio of 30.44 times for the automotive manufacturing industry and the arithmetic average of 50.46 times for comparable companies [2][9]. - The final strategic placement shares amount to 297.4133 thousand shares, approximately 14.37% of the total issuance, down from an initial 414.00 thousand shares [7][6]. Group 3: Technological and Market Position - The company has established five core technology platforms in the fields of mica materials and insulating resins, enabling it to innovate and apply these technologies across various sectors, including electric power and automotive [11]. - It has successfully entered the supply chains of several global automotive manufacturers and battery producers, establishing long-term partnerships with companies like General Motors, Ford, and CATL [12]. - The company maintains a full industry chain integration model, ensuring quality control and cost efficiency from raw material processing to final product delivery [13]. Group 4: Product and Service Advantages - The company offers a comprehensive range of thermal runaway protection solutions for electric vehicle batteries, tailored to meet specific customer requirements [15]. - It has achieved various international certifications, ensuring compliance with industry standards and enhancing its market credibility [15]. - The company is expanding its global footprint by establishing subsidiaries in Mexico, the United States, and Germany to better serve its international customer base [16].