Nabai River: The initial public offering of stocks will be listed on the ChiNext Board for the first time on December 23rd.

Nabai Chuan announced that the company's A-share stocks will be listed on the ChiNext board of the Shenzhen Stock Exchange on December 23, 2025, with the stock abbreviated as "Nabai Chuan" and the code 301667. The total capital stock after the initial public offering is 111.6696 million shares, with 27.9174 million shares issued, accounting for 25% of the total capital stock after the offering, all of which are new shares. The offering price this time is 22.63 yuan per share, corresponding to a diluted price-earnings ratio of 28.70 times in 2024, which is lower than the industry's average static price-earnings ratio in the past month and the average static price-earnings ratio of comparable companies. The company reminds investors to pay attention to the investment risks and stock price fluctuations in the ChiNext board.