Group 1 - The core point of the article is that the China Securities Regulatory Commission has approved Shanghai Yufan Environmental Technology Co., Ltd. for its initial public offering, aiming to raise 543.89 million yuan [1] - Yufan Technology is a high-tech enterprise providing smart city underground pipeline repair services, recognized as a national-level specialized and innovative "little giant" enterprise [1] - The company utilizes advanced technologies such as CCTV, robotic equipment, specialized software, and trenchless repair techniques to serve the drainage pipeline maintenance sector [1] - Yufan Technology aims to establish a complete industrial chain in the field of drainage pipeline maintenance [1] Group 2 - The gaming ETF tracks the China Securities Animation and Gaming Index [2] - The ETF has a price-to-earnings ratio of 45.21 times [2] - The latest share count is 7.08 billion, with an increase of 400 million shares, while there was a net outflow of 200 million yuan in principal funds [2] - The valuation percentile stands at 66.29% [2]