1. Tongli Technology ( GEM )
subscription code: 301255
stock code : 301255
Issuance price : 37.02
Issuance price : 31.47
Industry price-earnings ratio : 31.48
issuance scale: 629 million yuan
Main business: specializes in the research and development, production, sales and services of reducer
other important information of the company is shown in the figure below:
Comment: According to relevant data from the National Bureau of Statistics, from 2012 to 2021, my country's industrial added value increased from 20.89 trillion yuan to 37.26 trillion yuan, with an annual compound growth rate of 6.64%. Thanks to the favorable environment created by the growth of my country's total economic output and relevant national policies, my country's reducer industry and other general equipment manufacturing industries have shown a trend of sustained and healthy development in recent years. According to the Forward-looking Industry Research Institute, the market size of my country's reducer industry will grow from 125.8 billion yuan to 160.5 billion yuan from 2021 to 2026, with an annual compound growth rate of 4.99%.
Considering that the company's issuance price-to-earnings ratio and the industry's price-to-earnings ratio are the same, the risk of breaking the issue is relatively small. At the same time, the company's performance has continued to grow in recent years, and the comprehensive judgment is that the probability of breaking the issue is about 25%.
2. Hefei Hi-Tech ( North Exchange )
subscription code: 889718
Stock code: 430718
Issuance price: 6.50
Issuance price: 15.96
Industry price-earnings ratio: 32.07
Issuance scale: 147 million yuan
Main business: R&D, production and sales of special accessories and molds for household appliances
Comments: More and more consumers are beginning to pursue a healthier, environmentally friendly, intelligent and convenient family life, from focusing on product functionality to aesthetics, energy-saving and intelligent. In the future, the penetration rate of intelligent home appliances will be higher, and the demand for renewal and replacement in the stock market will be greater. According to data compiled by the Forward Industry Research Institute, the market retail sales of smart home appliances in my country reached 456.6 billion yuan in 2020. It is estimated that by 2024, the market size of China's smart home appliances will exceed 700 billion yuan, with broad market size and development space.
Considering that the company's issuance P/E ratio is significantly lower than the industry's P/E ratio, the risk of breaking the issue is relatively small. At the same time, the company's performance has maintained a growth trend in recent years. It is comprehensively judged that the probability of breaking the issue is about 25%.
3. Yuanjie Technology ( Science and Technology Innovation Board )
subscription code: 787498
Stock code: 688498
Issuance price: 100.66
Issuance price: 69.26
Industry price-earnings ratio: 27.18
Issuance scale: 1.51 billion
Main business : Research, design, production and sales of optical chip
Other important information of the company is shown in the figure below:
Comment: According to LightCounting data, from 2016 to 2020, the global optical module market size increased from US$5.86 billion to US$6.67 billion, and it is predicted that the global optical module market will reach US$11.3 billion in 2025, 1.7 times that of 2020. Optical chips are expected to continue to benefit as core components of optical modules. With the gradual promotion of the application of the new generation PON, it is estimated that by 2025, the global FTTx optical module market shipments will reach 92.08 million units, with an average annual compound growth rate of 7.92%, the market size will reach US$631 million, and an average annual compound growth rate of 5.93%.
Considering that the company has entered the Science and Technology Innovation Board and the issuance P/E ratio is much higher than the industry P/E ratio, the risk of breaking the issue is relatively high. At the same time, the company's performance has fluctuated greatly in recent years. It is comprehensively judged that the probability of breaking the issue is about 40%.
4. Kaihua Materials (Beijing Stock Exchange)
Subscription code: 889058
Stock code: 831526
Issuance price: 4.00
Issuance price: 16.65
Industry price-earnings ratio: 27.19
Issuance scale: 72 million yuan
Main business: R&D, production and sales of electronic components packaging materials
Comments: China is a major manufacturing and consumer country for electronic special materials. In recent years, the industry has developed stably. According to data from the National Bureau of Statistics, the revenue of China's electronic special material manufacturing industry showed a steady growth from 2018 to 2020. In 2020, China's electronic special material manufacturing industry revenue was 160.94 billion yuan, and increased by 39.40% year-on-year.
Considering that the company's issuance P/E ratio is slightly lower than the industry's P/E ratio, the risk of breaking the issue is relatively small, but the company's performance growth rate has been returned in recent years. It is comprehensively judged that the probability of breaking the issue is about 30%.
This article is from Securities Star
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