Market Performance - The Sci-Tech Innovation 50 Index opened lower on December 10, fluctuating throughout the day, ultimately closing at 1346.7 points with a slight decline of 0.03% and a total trading volume of approximately 55.36 billion yuan [1] - The overall Sci-Tech Innovation Index rose by 0.14% to close at 1604.56 points, with a total trading volume of 180.3 billion yuan [1] - Among the 595 stocks in the Sci-Tech board, there were more decliners than gainers, with semiconductor and communication equipment stocks performing strongly, while electrical equipment and software service stocks saw significant declines [1] Company Highlights - Bai'ao Saitou was listed on the Sci-Tech board on December 10, with a stock code of 688796 and an issue price of 26.68 yuan per share, resulting in a high price-to-earnings ratio of 519.12 times [1] - Bai'ao Saitou specializes in drug development and preclinical research, offering services such as gene editing, pharmacological efficacy evaluation, model animal sales, antibody development, and innovative drug development [1] - By the end of the trading day, Bai'ao Saitou's stock price increased by 146.6% from its issue price, with a trading volume of approximately 1.67 billion yuan and a turnover rate of 75.8% [1] Stock Performance Analysis - Excluding Bai'ao Saitou's first-day performance, the average increase for the remaining 594 stocks on the Sci-Tech board was approximately 0.01%, with an average turnover rate of 2.37% and a total trading volume of about 178.675 billion yuan [2] - In individual stock performance, Huo Lai Wo reached the daily limit, marking the highest increase, while Jia Hua Technology experienced the largest decline at 10.1% [2] - In terms of trading volume, Mo'er Thread led with a volume of 10.82 billion yuan, while Hanbang Technology had the lowest at 731.4 million yuan [2] - Mo'er Thread also had the highest turnover rate at 51.93%, while Zhongfu Shenying recorded the lowest at 0.14% [2]

Core Viewpoint - Baiaosaitu (688796) has successfully listed on the Sci-Tech Innovation Board, with its stock opening up 117.4% at 58 CNY per share [1] Company Overview - Baiaosaitu is an innovative drug preclinical CRO and biotechnology company, primarily providing antibody drug discovery and preclinical research services [1] - The company's services include the sale of innovative model animals, preclinical pharmacology and efficacy evaluation services, and antibody development [1] Stock Listing Details - Baiaosaitu previously issued H-shares in September 2022 and is listed on the Hong Kong Stock Exchange [1] - Following the A-share public offering, the company will have its stock listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, with 75.21% of shares circulating in A-shares and 24.79% in H-shares [1] - The proportion of circulating shares in A-shares is higher than that in H-shares [1]

Core Viewpoint - BaiO Saite (688796) is set to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 10, with an issue price of 26.68 yuan per share [2]. Company Overview - BaiO Saite is an innovative drug preclinical CRO and biotechnology company, primarily engaged in providing antibody drug discovery and preclinical research services for innovative drug enterprises [2]. - The company's specific services include the sale of innovative model animals, preclinical pharmacology and efficacy evaluation services, and antibody development [2].