Core Viewpoint - The company, Jiao Da Tie Fa, is set to launch its IPO with an issue price of 8.81 yuan and a price-to-earnings ratio of 12.94 times, aiming to raise approximately 1.68 million yuan for various projects related to rail transit technology and services [1][2]. Summary by Category IPO Details - The initial issuance quantity is 19.09 million shares, with an online issuance volume of 15.27 million shares, leading to a total share capital of 76.34 million shares post-issuance [1]. - The company has authorized Guotou Securities to exercise an over-allotment option of 2.8635 million shares, increasing the online issuance to 18.1355 million shares [1]. - The strategic placement of shares totals 3.818 million shares, accounting for 20% of the initial issuance scale [1]. Fundraising and Investment Projects - The total expected fundraising amount is 16.8 million yuan, which could increase to 19.3 million yuan if the over-allotment option is fully exercised [1]. - The raised funds will be allocated to the following projects: - New construction project for rail transit intelligent products and equipment in Xinjin District: 59.5787 million yuan - R&D center construction project in Xinjin District: 50.8543 million yuan - Working capital supplementation: 33 million yuan - Marketing and after-sales service network construction project: 24.8925 million yuan [2]. Financial Performance - The company's net profits for 2022, 2023, and 2024 are projected to be 33.7987 million yuan, 47.6559 million yuan, and 53.3917 million yuan, respectively, with year-on-year growth rates of 15%, 41%, and 12.04% [2]. - Key financial indicators for 2024 include: - Total assets: 635.9489 million yuan - Net assets: 257.6038 million yuan - Operating income: 335.2615 million yuan - Net profit attributable to shareholders: 53.3917 million yuan - Basic earnings per share: 0.93 yuan [2][3]. - The company has maintained a research and development investment of 19.4420 million yuan, representing 5.80% of its operating income [3].