Core Viewpoint - Shandong University Electric Power Technology Co., Ltd. (referred to as "Shanda Electric") successfully went public on July 23, 2023, on the Shenzhen Stock Exchange's ChiNext board, raising significant capital and achieving a remarkable first-day stock performance [1][2]. Group 1: Company Overview - Shanda Electric was established in 2001 with a registered capital of 122.16 million yuan, focusing on the research and industrialization of intelligent products related to power systems [2]. - The company operates in two main business segments: intelligent monitoring of power grids and new energy, with products widely used in substations, transmission lines, and distribution networks [2]. - Shanda Electric holds over 180 intellectual property rights and has participated in the formulation of multiple national and industry standards, earning various honors such as "Little Giant" enterprises and provincial-level champions [2]. Group 2: IPO Details - The company issued 40.72 million shares at an initial price of 14.66 yuan per share, with a first-day opening price of 87.7 yuan, resulting in a first-day increase of 498.23% and a total market capitalization of 142.85 billion yuan [1]. - By the end of the first trading day, the stock closed at 66.85 yuan, reflecting a 356% increase and a market capitalization of 109 billion yuan, with a turnover rate of 82.89% [1]. Group 3: Financial Performance - Shanda Electric's total revenue for 2022, 2023, and 2024 is projected to be 478 million yuan, 549 million yuan, and 658 million yuan, respectively, with year-on-year growth rates of 9.76%, 14.8%, and 19.85% [4]. - The net profit attributable to shareholders for the same years is expected to be 76.99 million yuan, 103 million yuan, and 127 million yuan, with growth rates of 1.06%, 33.53%, and 23.18% [4]. - In Q1 2025, the company reported revenues of 111 million yuan and a net profit of 17.32 million yuan, with year-on-year growth rates of 12.02% and 15.91%, indicating stable performance [4]. Group 4: Market Position and Risks - A significant portion of Shanda Electric's revenue comes from sales to the State Grid and its subsidiaries, accounting for approximately 73.34%, 69.81%, and 69.61% of total sales from 2022 to 2024, which poses a risk of revenue volatility [4].
山东大学第三家公司上市，中一签赚2.6万！