Core Viewpoint - The company, Nabichuan New Energy Co., Ltd., is set to conduct its initial public offering (IPO) on the ChiNext board, with a share price of 22.63 yuan per share, which reflects a diluted price-to-earnings (P/E) ratio of 28.70 times for 2024, lower than the industry average [3][12][29]. Group 1: IPO Details - The IPO will consist of 27.9174 million shares, accounting for 25.00% of the total share capital post-IPO [29]. - The offering price of 22.63 yuan per share is determined based on market conditions, comparable company valuations, and investor demand [4][27]. - The strategic placement of shares will account for 15.00% of the total offering, with the final number of shares allocated to strategic investors being 4.18761 million [5][6]. Group 2: Financial Metrics - The diluted P/E ratio of 28.70 is lower than the recent static average P/E of 28.71 for the automotive manufacturing industry [3][12]. - The average static P/E ratio for comparable listed companies is 49.24, indicating that the company's valuation is competitive within its sector [3][12]. Group 3: Company Strengths - The company is recognized as a national-level "specialized and innovative" small giant enterprise and has received various certifications for its technological capabilities [15][16]. - It has developed a robust core technology system that addresses critical issues in battery module temperature control, enhancing product quality and performance [16][20]. - The company has established a strong customer base, including major battery manufacturers and automotive brands, which provides a stable order flow and cash flow [18][19]. Group 4: Production and Management Capabilities - The company operates three production bases with over 200,000 square meters of manufacturing space, ensuring efficient supply chain management and production capabilities [24]. - It has implemented advanced production technologies and quality management systems, achieving high standards in product consistency and reliability [20][21]. - The management team is experienced and has a strong commitment to talent development, ensuring effective resource allocation and responsiveness to customer needs [25].