Changyou Technology (301557.SZ) plans to issue 11.08 million shares in its initial public offering (IPO) with a price of 28.88 yuan per share.

Changyou Technology (301557.SZ) disclosed its prospectus for initial public offering, with plans to issue 11.08 million shares at a price of 28.88 yuan per share. The subscription date for this issuance is February 18, 2025. The announcement stated that the company is mainly engaged in research, development, production, and sales of polymer composite materials and lightweight sandwich materials, including wind turbine nacelles for the wind power industry, lightweight sandwich materials for wind turbine blade production, nacelle molds, and components for rail transit vehicles. The net profits attributable to the owners of the parent company were 61.8228 million yuan, 87.5392 million yuan, and 82.6034 million yuan from 2021 to 2023. It is reported that after deducting issuance expenses, the funds raised in this offering will be used for the expansion of production lines for wind power high-performance composite materials components, lightweight composite materials components, research and development center projects, supplementing working capital, and repaying bank loans, totaling 763 million yuan.