Smart City Underground Pipeline Network Repair Service Shangyu Fan Technology (001396.SZ) plans to be listed on the Shenzhen Motherboard IPO
Zhitong Finance App News, Yufan Technology (001396.SZ) issued an announcement. The number of shares publicly offered was 26.73 million shares, accounting for 25% of the total share capital after issuance; there will be no public sale of shares by the original shareholders in this offering. The initial inquiry date is December 15, 2025, and the subscription date is December 19, 2025.
The initial number of strategic placements issued in this offering was 5.346 million shares, accounting for 20.00% of the current offering. Among them, the issuer's senior management and core employees participating in the special asset management plan set up in this strategic placement are estimated to have a subscription amount of no more than RMB 39.44 million, and the subscription amount will not exceed 10.00% of the number of shares issued, that is, no more than 2.673 million shares; other investors participating in the strategic placement expect the total subscription amount not to exceed RMB 50,000,000. The final strategic placement ratio and amount will be determined after the issuance price is determined. The difference between the final strategic placement quantity and the initial strategic placement quantity will be returned to offline distribution in accordance with the principles stipulated in the callback mechanism.
Yufan Technology is a high-tech enterprise providing smart city underground pipeline network repair to relevant government departments and pipeline owners. It uses CCTV, robotics, professional software and advanced non-excavation repair technology to serve the field of drainage pipeline maintenance, and is committed to building a complete industrial chain in this field. The company is a service provider that undertakes inspection and evaluation, special investigation and non-excavation repair of drainage pipelines. It is also a supplier specializing in the provision of drainage pipeline maintenance equipment and materials. As the country attaches importance to the management and maintenance of smart cities and underground pipeline networks, policies in this field are also being continuously improved, shifting from large-scale construction in the early stages to putting forward new requirements to achieve the comprehensive goals of refined restoration, digital management, and intelligent operation. In response to the development trend under the new situation, the company has become a comprehensive service provider integrating various services such as technology research and development, program design, implementation, maintenance, and product sales.
The company's net profit attributable to shareholders of the parent company in 2022, 2023, 2024, and January-June 2025 was 80,518,200 yuan, 10,377 million yuan, 127.277 million yuan, and 33.4047,900 yuan, respectively; net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss was 73.367 million yuan, 97.2979 million yuan, 12,518,200 yuan, and 32.5872 million yuan, respectively.
The funds raised from this public offering of shares are planned to be used for “urban pipeline network operation and maintenance service capacity improvement and expansion projects”, “R&D center construction projects”, and supplementary working capital. The total amount of capital raised was 544 million yuan.