Zhongxin Technology: The issue price is 8.66 yuan per share; online and offline subscriptions will be held on July 16.

Golden Finance News reported that on July 14, Changxin Technology (688825.SH) announced that it would conduct an initial public offering of shares and list on the STAR Market. The issue price is 8.66 yuan per share. Investors are requested to place online and offline subscriptions at this price on July 16, 2026 (T day). Subscription funds do not need to be paid when placing the bids. Of these, the offline subscription period is 9:30–15:00, and the online subscription periods are 9:30–11:30 and 13:00–15:00. The initial number of shares to be issued is 668,808.8608 million shares, accounting for approximately 10.00% of the total share capital after issuance, and China International Capital Corporation is granted an over-allotment option of no more than 15.00% of the initial issued shares. The issue price corresponds to a diluted price-earnings ratio of 308.92 times after dilution based on the lower of the non-recurring profit and loss-adjusted figures before and after 2025 (before exercising the over-allotment option), which is 76.32 times higher than the industry average price-earnings ratio and 134.62 times higher than the average price-earnings ratio of comparable companies. The company expects to raise total proceeds of approximately 57.919 billion yuan (before exercising the over-allotment option), and after deducting issuance expenses, the net amount will be approximately 57.638 billion yuan.
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