Core Viewpoint - Sichuan Southwest Jiaotong University Railway Development Co., Ltd. (referred to as "Jiaoda Tifa") officially listed on the Beijing Stock Exchange, raising approximately 168 million yuan through an IPO of 19.09 million shares at a price of 8.81 yuan per share [1] Group 1: Company Overview - Jiaoda Tifa, established in 2005, focuses on the safety of rail transit infrastructure, engaging in intelligent products and equipment for rail transit, as well as specialized technical services [2] - The company has a strong emphasis on technological innovation, with 21.55% of its workforce, or 75 R&D personnel, dedicated to research and development [2][3] - Jiaoda Tifa has established partnerships with institutions such as Southwest Jiaotong University and Huawei, and has created innovation centers for rail safety monitoring technology [2] Group 2: Product and Service Offerings - The company provides a range of products and services aimed at ensuring rail transit operational safety, including safety monitoring systems, railway information systems, new materials, and operational services [4] - Key products include a seismic early warning system and a switch monitoring system, both of which have undergone rigorous testing and certification [4] - Jiaoda Tifa has developed a passive rapid rail grinding vehicle, breaking foreign technology monopolies in this area [5] Group 3: Financial Performance - From 2022 to 2024, Jiaoda Tifa has seen a continuous increase in revenue and net profit, with revenue growing from 235 million yuan to 335 million yuan and net profit rising from approximately 33.8 million yuan to 53.4 million yuan [6] - The company aims to focus on the high-speed rail operation and maintenance market, enhancing its core business areas and exploring market potential for high-quality development [6]