Recently, the new shares of and of the North Exchange have repeatedly broken their issuances. They have broken records for 15 consecutive years. The old stocks are also "falling" continuously, and the market liquidity is close to drying up. The current situation is definitely not the original intention of the North Exchange to create the market. I hope there will be changes in 2023.
Xinan Technology is the last new stock issued by the Beijing Stock Exchange in 2022. Here is an analysis.
Xun'an Technology is very unfriendly. Even though the IPO price has been repeatedly broken, it still raises the price of the issuance (raising the issue price from 10.50 yuan to 13.00 yuan). There is a feeling that it will not give up until the money is obtained. It is recommended that everyone avoid it and refuse to subscribe!
Changzhou Xun'an Technology Co., Ltd. (834950)
The number of shares issued this time is 10.85 million shares (without taking into account the over-allotment option). During this issuance process, the company and the lead underwriter will choose the over-allotment option. The number of shares issued by after choosing the over-allotment option is 15% of the issuance scale (i.e. 1.6275 million shares), if the over-allotment option is exercised in full, the number of shares issued this time will increase to 12.4775 million shares. The total issued share capital before the over-allotment option is exercised is 47 million shares. If the over-allotment option is exercised in full, the total issued share capital will be 48,627,500 shares. The issuance price of
shares is 13.00 yuan.
1. Main business
Company is a high-tech enterprise specializing in the research, development, production and sales of welding protective masks, electric air supply filtering respirators and related accessories. The company's products are widely used in machinery manufacturing, metal processing, automobiles, construction, aerospace, shipbuilding, maintenance, mining, personal protection and other industries.
2. Main operating data
3. The funds raised by were invested in
. The funds raised from the public issuance of new shares of the company, after deducting the issuance expenses, were invested in the following projects: annual production of 1.2 million welding protective masks and 80,000 sets of electric air supply filter respirators construction projects, R&D center projects, and supplementary working capital.
4. Stock issuance price-earnings ratio
The issuance price of is 13.00 yuan/share, which corresponds to a price-to-earnings ratio of 10.90 times, which is lower than that of the industry as of December 21, 2022 (T-4). The industry average static price-earnings ratio released by China Securities Index Co., Ltd. in the last month is 26.94 times, which is also lower than comparable companies in the same industry. The average static price-to-earnings ratio in 2021 is 33.20 times.
5. Introducing strategic investors
In this issuance, introduced 7 strategic investors including Qingdao Chenrong Dinghe Private Equity, and planned to subscribe for a total of 2.17 million shares. 7 strategic investors: Jiaxing Jiugan Venture Capital Partnership (Limited Partnership) plans to subscribe for 586,000 shares, Quanzhou Jinda Damei Venture Capital Partnership (Limited Partnership), Quanzhou Jinda Huzhong Venture Capital Partnership (Limited Partnership), Huzhou Jinda No. 11 Venture Capital Partnership (Limited Partnership), Changzhou New Development Industrial Co., Ltd., Changzhou Jinxing Private Equity Fund Management Co., Ltd., and Qingdao Chenrong Dinghe Private Equity Investment Fund Partnership (Limited Partnership) plan to subscribe for 188,000 shares, 230,000 shares, 135,000 shares, 434,000 shares, 380,000 shares, and 217,000 shares respectively.
6. Subscription Suggestions Although the price-to-earnings ratio of
company's stock is lower than that of comparable companies in the same industry, the stock belongs to a traditional industry with average quality, so it is not recommended to participate.
7. Special statement
(1) In addition to the subscription suggestions, other information mainly comes from the company's prospectus, the company's official website and publicly released information.
(2) New stocks are risky, so you must be cautious when subscribing. The above suggestions are for reference only and do not serve as your final purchase decision. You are responsible for the profit and loss results.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-