证券日报网讯1月6日，誉帆科技在互动平台回答投资者提问时表示，紫外光固化机器人是管道非开挖修 复技术中使用到的机器人，主要是通过精密控制紫外光照射柔性新材料使其发生光化学反应，从而在管 道内部形成一层固化的内胆，实现对破损管道的修复。公司是新兴行业——地下管网运维行业的代表性 企业，归类于专业技术服务业，刚刚登陆资本市场，并且A股市场中尚无主营业务与公司一致的可比公 司，因此，市场在当下存在一些误解是正常现象。公司本身一直致力于科技投入，并不断将新技术新工 艺应用于我国地下管网治理运维的新事业之中。 ...

Group 1 - The core viewpoint of the article is that Yufan Technology, known as the "first stock for underground pipeline operation and maintenance in smart cities," will officially list on the Shenzhen Stock Exchange on December 30, 2025, with an issue price of 22.29 yuan per share and a corresponding price-to-earnings ratio of 19.77 times [1] - Yufan Technology plans to issue 26.73 million new shares, raising a net amount of 515 million yuan, with the issuance method combining strategic placement, offline issuance, and online issuance [1] - The final strategic placement quantity is 4.01256 million shares, accounting for 15.01% of the total issuance, while the offline issuance quantity is 5.07694 million shares with an effective subscription amount of 4,637,380 million shares [1] Group 2 - Yufan Technology is a high-tech enterprise providing underground pipeline repair services for government departments and pipeline ownership units, utilizing advanced technologies such as CCTV, robotics, and non-excavation repair techniques [2] - The company has accumulated 125 patents, including 33 invention patents, and its R&D expenses have consistently accounted for 4.15%-4.70% of its operating income over the years [2] - From 2022 to 2024, Yufan Technology's operating revenue is projected to grow from 513 million yuan to 730 million yuan, with net profit attributable to shareholders increasing from 80.5182 million yuan to 127 million yuan, achieving double-digit year-on-year growth in both revenue and net profit in 2023 and 2024 [2] Group 3 - According to brokerage research reports, Yufan Technology is a rare entity in the underground pipeline operation and maintenance industry, expected to benefit from policy dividends and a trillion-yuan market growth opportunity due to its technological innovation and national business layout [3]

Group 1 - Shanghai Yufan Environmental Technology Co., Ltd. (stock code: 001396.SZ) will officially start its subscription on December 19, with a public offering of 26.73 million shares, accounting for 25% of the total share capital after issuance [1][2] - The listing of Yufan Technology marks the birth of the first company in the underground pipeline operation and maintenance sector, pushing this niche market into the capital spotlight [1][2] - With urbanization in China slowing down, millions of kilometers of underground pipelines have been built, entering a phase of operation and maintenance governance, supported by increasing national policies [1][2] Group 2 - The shift in urban management focus from above-ground "appearance" to below-ground "substance" is creating a trillion-level market opportunity in underground pipeline operation and maintenance [1][2] - While there are already listed companies in pipeline material manufacturing, planning, design, and engineering construction, there are currently no listed companies focusing on the operation and maintenance of existing pipelines, making Yufan Technology the first in this field [1][2]