Core Viewpoint - The company Aifenda (301575.SZ) has been listed on the ChiNext board, focusing on the research, production, and sales of HVAC home products and components, with a strong emphasis on towel racks and related accessories [1][4]. Company Overview - Aifenda's main products include a series of bathroom towel racks, temperature control valves, HVAC valves, and magnetic filters [1]. - The company has established itself as a leading supplier of electric towel racks, with a production capacity exceeding 2 million sets annually [6]. Financial Metrics - The initial public offering (IPO) price was set at 27.69 CNY per share, with an institutional offering price of 27.82 CNY, resulting in a market capitalization of 2.4 billion CNY [4]. - The company's earnings per share (EPS) reflects a price-to-earnings (P/E) ratio of 20.35, compared to the industry average of 31.41 [4]. Market Position and Client Base - Aifenda's revenue from exports has remained stable at around 90% from 2022 to 2024, primarily from the European market, especially the UK [6]. - The company has long-term partnerships with notable clients such as Kingfisher, Travis Perkins, and OBI Group, with collaborations lasting over five years [6]. Technological Innovation - Aifenda has a strong focus on research and development, holding over 700 patents, including 87 domestic invention patents [7]. - The company played a key role in establishing the first national standard for electric towel racks in China [7]. Future Investment Plans - The company plans to invest in projects to enhance production capacity, including a 2.61 billion CNY project for upgrading automated production lines and a 3.53 billion CNY project for building new production lines [4]. - These investments aim to increase production capacity by an additional 1 million towel racks [7].