On September 30th, Gelonghui | GEM's new stock Changlian Technology (301618.SZ) made its debut on the market and was warmly welcomed by investors, soaring by 1831% to 408 yuan at one point, becoming the stock with the largest first-day increase in the year, with a market cap of 26 billion yuan. The company's IPO price this time was 21.12 yuan per share, based on this calculation, the highest profit for one board lot (500 shares) during trading hours can reach 0.1934 million yuan. Changlian Technology is a leader in the domestic water-based printing paste industry, specializing in the research, production, and sales of environmentally friendly water-based printing materials, including water-based printing paste, water-based resin, and screen printing silicone. Over the years, Changlian Technology has accumulated a group of high-quality customer resources and has cooperated with well-known brands such as Adidas, Nike, FILA, Anta, Li Ning, C&A, Disney, and directly serves customers such as Regina Miracle, Yisheng, and Alibaba Xunxi (Alibaba's intelligent manufacturing platform). In terms of finance, Changlian Technology's revenue from 2021 to 2023 was 0.581 billion yuan, 0.538 billion yuan, and 0.53 billion yuan respectively; the compound annual growth rate of net income attributable to the mother from 2021 to 2023 was 17.08%. The gross profit margins from 2021 to 2023 and the first half of 2024 were 27.58%, 32.97%, 34.92%, 34.06% respectively. According to preliminary calculations, the company expects revenue to increase by 7.7% to 14.43% in the first nine months of 2024 compared to the same period last year; net income is expected to increase by 4.25% to 12.48% compared to the same period last year. Statistics show that Changlian Technology's domestic market share of water-based printing paste from 2018 to 2022 was 10.3%, 10.3%, 10.7%, 11.0%, and 11.5% respectively, ranking first in both 2020 and 2022, with an increasing trend in market share. Industry experts believe that for the relatively fragmented water-based printing paste industry, the listing of leading companies like Changlian Technology will promote the industry's development; at the same time, with the increasing awareness of environmental protection among enterprises and strict global environmental regulations on manufacturing, the concentration of the water-based printing paste industry will gradually increase, benefiting high-quality companies in the industry.