Core Points - Langkun Technology's stock price fell by 5.17% to 21.09 yuan as of the close on September 18, 2023 [1] - The company was listed on the Shenzhen Stock Exchange's ChiNext board on May 23, 2023, with an initial offering price of 25.25 yuan per share [1] - The stock reached its highest price of 29.57 yuan on May 25, 2023, just two days after listing, but is currently in a state of decline [1] Fundraising and Financials - Langkun Technology raised a total of 153.75 million yuan through its initial public offering (IPO), with a net amount of 142.50 million yuan after expenses [1] - The net fundraising amount exceeded the original plan by 30.27 million yuan [1] - The funds are intended for projects including an organic waste resource treatment facility in Zhongshan, a research and development center, and working capital [1] IPO Costs - The total expenses related to the IPO amounted to 11.25 million yuan, with underwriting and sponsorship fees accounting for 8.63 million yuan [1]