Core Viewpoint - Heshun Technology's stock price declined by 4.56% to 45.20 yuan, indicating it is currently in a state of loss since its IPO [1] Company Overview - Heshun Technology was listed on the Shenzhen Stock Exchange's ChiNext board on March 23, 2022, with an initial public offering (IPO) of 20 million shares at a price of 56.69 yuan per share [1] - The total amount raised from the IPO was 1.134 billion yuan, with a net amount of 1.018 billion yuan after expenses [1] - The net amount raised exceeded the original plan by 403 million yuan [1] Fund Utilization - The company intended to use the raised funds for three main projects: construction of a bi-directional stretched polyester film production base, establishment of a research and development center, and supplementing working capital [1] - The total issuance costs for the IPO amounted to 116 million yuan, with underwriting fees accounting for 93.99 million yuan [1]