China Plastics Co., Ltd. announced that the company's initial public offering of shares and application for listing on the GEM was approved by the Securities Regulatory Commission. The issuance price was 55.28 yuan/share, corresponding to the diluted static price-earnings ratio of 22.20 times after deduction in 2025, which is lower than the average price-earnings ratio of the industry and comparable companies, but there is still a risk that the stock price will fall. The sale uses a combination of strategic placement, offline distribution, and online distribution. The subscription date is September 10, 2026. The total amount of capital raised is estimated to be 682 million yuan, with a net amount of about 595 million yuan, which is lower than the amount of capital raised.

China Plastics Co., Ltd. announced that the company's initial public offering of shares and application for listing on the GEM was approved by the Securities Regulatory Commission. The issuance price was 55.28 yuan/share, corresponding to the diluted static price-earnings ratio of 22.20 times after deduction in 2025, which is lower than the average price-earnings ratio of the industry and comparable companies, but there is still a risk that the stock price will fall. The sale uses a combination of strategic placement, offline distribution, and online distribution. The subscription date is September 10, 2026. The total amount of capital raised is estimated to be 682 million yuan, with a net amount of about 595 million yuan, which is lower than the amount of capital raised.