Core Viewpoint - The company Changjiang Energy Technology is set to launch its IPO with an issue price of 5.33 yuan and a price-to-earnings ratio of 14.99 times, aiming to raise a total of 1.60 billion yuan, potentially increasing to 1.84 billion yuan if the overallotment option is fully exercised [1][2] Summary by Category IPO Details - The initial issuance quantity is 30 million shares, with 24 million shares allocated for online subscription and a total share capital of 138 million shares post-issuance [1] - The maximum subscription limit for a single account is 1.425 million shares [1] - The overallotment option allows for an additional 4.5 million shares to be allocated to online investors, increasing the online issuance quantity to 28.5 million shares [1] Fundraising Allocation - The total funds raised will primarily be directed towards the production of 1,500 tons of heavy special materials equipment and 4,500 tons of oil and gas engineering equipment, as well as the construction of a research and development center [1] Financial Performance - The company's projected net profits for 2022, 2023, and 2024 are 40.68 million yuan, 40.85 million yuan, and 49.16 million yuan, respectively, reflecting year-on-year changes of 83.76%, 0.42%, and 20.34% [1] - Key financial metrics include total assets of 588.24 million yuan and net assets of 350.36 million yuan for 2024 [1] - The company reported a basic earnings per share of 0.45 yuan for 2024, with a weighted average return on equity of 15.12% [1] R&D Investment - The R&D expenditure for 2024 is 14.53 million yuan, representing 4.63% of the operating revenue [2]