Core Viewpoint - Shanghai Yufan Environmental Technology Co., Ltd. (Yufan Technology) has initiated its subscription with an issue price of 22.29 yuan per share, corresponding to a price-to-earnings ratio of 19.77 times, aiming to raise a net amount of 515 million yuan for various projects and working capital [1] Company Overview - Yufan Technology is recognized as a high-tech enterprise providing smart city underground pipeline repair services for government departments and pipeline ownership units, and is classified as a national-level specialized and innovative "little giant" enterprise [1] - The company aims to establish a complete industrial chain in the field of underground pipeline repair [1] Market Position - According to the China Industry Research Institute, Yufan Technology is projected to achieve a market share of 4.8% in the drainage pipeline inspection and non-excavation repair industry by 2024, ranking first in the market [1] - The company holds the leading position in the subsector of drainage pipeline inspection, repair, and maintenance, with an overall market share of approximately 2.10%, surpassing large general contractors and various specialized service providers [1]

Group 1 - The company, Yufan Technology, is set to launch its IPO on December 19, with an issue price of 22.29 yuan per share and a maximum subscription limit of 0.85 million shares, reflecting a price-to-earnings ratio of 19.77 times [1] - Yufan Technology is recognized as a high-tech enterprise providing smart city underground pipeline repair services, and it is classified as a national-level specialized and innovative "little giant" enterprise [1] - The company focuses on the maintenance of drainage pipelines using advanced technologies such as CCTV, robotic equipment, and non-excavation repair techniques, aiming to create a complete industrial chain in this field [1] Group 2 - According to the China Industry Research Institute, Yufan Technology is projected to achieve a market share of 4.8% in the drainage pipeline detection and non-excavation repair industry by 2024, ranking first in the market [2] - The company has a market share of approximately 2.10% in the segmented field of drainage pipeline detection, repair, and maintenance, leading the industry ahead of large general contractors and various specialized service providers [2] Group 3 - The company's projected financial performance includes revenues of approximately 513 million yuan, 630 million yuan, 730 million yuan, and 311 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Corresponding net profits are expected to be 78.83 million yuan, 98.25 million yuan, 130 million yuan, and 32.61 million yuan for the same periods [3]