Group 1 - Yuan Chuang Technology Co., Ltd. officially listed on the Shenzhen Stock Exchange on December 18, marking the beginning of a new journey in the capital market [1] - The IPO aims to raise approximately 485 million yuan, which will be invested in production base construction, technology center development, and working capital [4] - Yuan Chuang focuses on the research, production, and sales of rubber track products, becoming a key supplier in the domestic rubber track sector [4] Group 2 - The company has established long-term partnerships with leading manufacturers in the agricultural and engineering machinery sectors, enhancing its market position [4] - By the first half of 2025, the revenue from the main engine market is expected to exceed 40%, indicating strong growth through collaborations with well-known manufacturers [6] - Financial performance shows revenues of 1.261 billion yuan in 2022, 1.141 billion yuan in 2023, 1.349 billion yuan in 2024, and 652 million yuan in the first half of 2025, with net profits of 139 million yuan, 178 million yuan, 155 million yuan, and 74.155 million yuan respectively [6]

Core Viewpoint - Yuan Chuang Technology Co., Ltd. is conducting its initial public offering (IPO) and listing on the Shenzhen Stock Exchange, marking a significant milestone in the company's development journey [1][2]. Company Overview - Yuan Chuang Technology specializes in the research, production, and sales of rubber track products, including rubber tracks for agricultural machinery, engineering machinery, and rubber track plates, which are essential components for tracked machinery used in agriculture and construction [1]. Management Statements - The Chairman, Wang Wenjie, emphasized the company's commitment to integrity and innovation, aiming to provide high-quality and reliable products and services in the rubber track sector, with a vision to establish a world-class rubber track production base [2]. - The General Manager, Zheng Xiao, welcomed investors and highlighted that the listing on the Shenzhen Stock Exchange opens a new chapter for the company, expressing a desire to share growth achievements with investors [2]. Financial Details - The company is issuing 19.6 million new shares, representing 25% of the total share capital post-issuance, with an issue price of 24.75 yuan per share. The subscription date is set for December 9, 2025, and the payment date for December 11, 2025 [3]. Investor Engagement - During the online roadshow, the management team and representatives from the sponsoring institution, Guotai Junan Securities, engaged actively with investors, addressing questions related to business operations, technological prospects, market competition, and strategic planning [4]. Future Plans - The company plans to leverage the capital market to expand production capacity, enhance product lines, strengthen its technology research and development system, and improve its marketing network, aiming to increase competitiveness and brand recognition in the industry [5].