Company Overview - Shandong Xintong Electronics Co., Ltd. successfully listed on the Shenzhen Stock Exchange on July 1, 2023, with the stock code 001388 [1] - Established in 1996, the company specializes in industrial IoT smart terminals and system solutions, focusing on power and communication sectors [1][2] - Recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in 2021 [1] IPO Journey - The IPO process began in February 2019 when the company signed an agreement with China Merchants Securities for its initial public offering [2] - The major shareholders include Li Quanyong, holding approximately 47.27%, and Wang Legang, holding about 11.74% [2] - The company was previously listed on the New Third Board in December 2014 but terminated its listing in April 2018 [2] Financial Performance - Revenue figures for 2022 to 2024 are projected at 781 million yuan, 931 million yuan, and 1.005 billion yuan respectively, with net profits of 117 million yuan, 124 million yuan, and 142 million yuan [3] - The first quarter of 2025 is expected to show improved performance due to increasing market demand in the power industry [3] Fundraising and Future Plans - The company aims to raise approximately 475 million yuan through this IPO to enhance production scale, technological advantages, and core competitiveness [3] - Planned investments include the development of a three-dimensional inspection and big data analysis platform, maintenance base and service network construction, and a research and development center [3] - Future strategies focus on enhancing manufacturing capabilities and customer service, aiming to become a leader in empowering industries through IoT [3] Market Impact - Following the IPO, the company's stock price reached 67.02 yuan per share, marking a 308.16% increase and a market capitalization exceeding 10.46 billion yuan [3] - With this listing, the total number of A-share listed companies in Zibo has reached 35, with 13 in the Zibo High-tech Zone [4]

新股N信通盘初涨近300%，信通电子（001388）是一家以电力、通信等特定行业运行维护为核心服务 目标的工业物联网智能终端及系统解决方案提供商。2024年度，公司实现营业收入10.05亿元，净利润 14,277.98万元。 ...

Core Insights - The newly listed stock N Xintong has surged nearly 300% in its initial trading [1] - Xintong Electronics focuses on providing industrial IoT smart terminals and system solutions primarily for the power and communication sectors [1] Financial Performance - For the fiscal year 2024, the company reported a revenue of 1.005 billion yuan and a net profit of 142.78 million yuan [1]