Group 1: Key Developments in the Sci-Tech Innovation Board - He Yuan Bio, the first company to initiate the issuance of shares in the newly established Sci-Tech Growth Layer, started subscription on October 14 [1] - He Yuan Bio is the first company to receive registration approval after the re-launch of the fifth listing standard for the Sci-Tech Innovation Board [1] - The company has implemented a differentiated lock-up and allocation arrangement for offline issuance, with a minimum overall lock-up ratio of 40% [1] Group 2: Financial Performance of He Yuan Bio - He Yuan Bio's projected revenues for 2022, 2023, and 2024 are 13.40 million, 24.26 million, and 25.22 million respectively, with year-on-year growth rates of -47.49%, 81.08%, and 3.92% [1] - The company's net profit attributable to shareholders for the same years is projected to be -143.58 million, -186.96 million, and -151.37 million, with year-on-year changes of -7.12%, -30.22%, and 19.04% [1] Group 3: Other Companies in the Sci-Tech Growth Layer - Xi'an Yicai is the first unprofitable company accepted by the Shanghai Stock Exchange after the release of the "Eight Articles" for the Sci-Tech Innovation Board, focusing on the research, production, and sales of 12-inch silicon wafers [2] - The company is projected to be the largest 12-inch silicon wafer manufacturer in mainland China and the sixth globally, with a market share of approximately 6% in monthly shipments and 7% in production capacity by the end of 2024 [2] - Biobetter, another company under the fifth listing standard, has its core product BEBT-908 approved for market, while other products are still in development [2] Group 4: Valuation Methods for Unprofitable Companies - The valuation of unprofitable companies cannot be assessed using traditional methods, and alternative approaches such as the option pricing model, price-to-sales ratio, and discounted cash flow methods are recommended to capture future growth potential [2] Group 5: Trading System Updates - Some brokerage firms have completed the optimization of trading apps, with the Sci-Tech Growth Layer stock identification feature now online [3] - Stocks in the Sci-Tech Growth Layer will have a "U" added to their abbreviations, while existing stocks will have a "成1" label indicating they are part of the growth layer [3]