Core Viewpoint - Yuanli Digital is pursuing an IPO on the Beijing Stock Exchange, aiming to raise 488 million yuan for three projects, primarily focusing on 3D digital content production services [1][4]. Group 1: IPO Details - Yuanli Digital previously attempted an IPO on the ChiNext board in 2021 [1]. - The company plans to invest 364 million yuan in the "Yuanli Digital Technology Innovation Industrial Base Project," which has a total investment of 557 million yuan [1][2]. - The total investment for all three projects is 688.36 million yuan, with 487.96 million yuan planned to be raised through the IPO [2]. Group 2: Project Progress - The "Yuanli Digital Technology Innovation Industrial Base Project" is being constructed by a wholly-owned subsidiary, Nanjing Ruiyou, located in Nanjing, Jiangsu Province [5]. - As of the end of the reporting period, the construction in progress increased from 16.79 million yuan to 218 million yuan [4][13]. - The project has received necessary approvals, including the Jiangsu Province Investment Project Filing Certificate [5]. Group 3: Financial Considerations - The company has been investing in the project for several years, with previous amounts reported at 208,500 yuan and 595,430 yuan at the end of 2019 and 2020, respectively [13]. - The Beijing Stock Exchange has inquired about potential delays in project completion and the status of asset capitalization [15]. Group 4: Market Context - The company has successfully completed parts of the project, with reports confirming the completion of the "Yuanli Digital Technology Innovation Industrial Base Project" [12]. - The company has relocated its main office to a new facility, indicating operational readiness [6].