Core Viewpoint - The article discusses the issuance of shares by Beikang Testing, a leading domestic non-ferrous metal testing service provider, highlighting its business scope, financial performance, and the details of the upcoming share issuance [2][3][4]. Company Overview - Beikang Testing specializes in non-ferrous metal mineral resource testing, technical research, and instrument development, covering various fields including ore and mineral products, smelting products, environmental samples, and advanced materials [3]. - The company has a total share capital of 84.96 million shares before issuance and plans to issue 28.32 million shares at a price of 6.31 yuan per share, aiming to raise approximately 178.80 million yuan [4]. Financial Performance - In 2024, the company's non-recurring profit is projected to be 55.13 million yuan, with an expected earnings per share of 0.49 yuan post-issuance, resulting in a price-to-earnings ratio of 12.88 [5]. - The company's total assets are expected to reach approximately 346.70 million yuan by the end of 2024, with a net profit of 55.13 million yuan, reflecting a significant increase from previous years [6]. Project Investment - The funds raised will be allocated to the development of advanced testing instruments and working capital, with a total investment of 172.80 million yuan for these projects [5]. Comparative Analysis - Beikang Testing's performance is compared with similar companies in the industry, showing significant differences in profitability and market valuation [8][9]. - The company is expected to attract substantial online subscription funds, with estimates suggesting around 740 billion yuan, indicating strong investor interest [10][11]. Advantages of Issuance - The low issuance price and friendly entry threshold for small investors are highlighted as key advantages, potentially increasing market participation [13][14].