Ask the original work of financial management. Please do not reprint
The lowest issue price is here! Only 1.22 yuan per share! On the first day of listing, it rose by more than 700%, and 1.9 billion yuan of funds rushed to stock...
htmlOn August 17, on the first day of listing of Longteng Optoelectronics (688055), its stock price once rose to 9.9 yuan; by the closing price closed at 9.85 yuan, an increase of 707.4%, with a turnover of 1.89 billion yuan on the same day.It is worth noting that since the Science and Technology Innovation Stock entered the A-share market in 2019, the issuance price of dozens of yuan per share has been considered low, and the issuance price of 100 yuan per share has become more normal, while the issuance price of Longteng Optoelectronics is only 1.22 yuan per share, setting a historical low!
A number of investors also expressed optimism about Longteng's listing. Some investors left messages saying: Longteng Optoelectronics , just the name Longteng, is worth at least 20 yuan...
Longteng Optoelectronics is one of the earliest high-tech enterprises in my country to engage in the research, development, production and sales of LCD panel products. This time it was listed on the Science and Technology Innovation Board, the company plans to raise 1.5 billion yuan to be used for the IGZO metal oxide panel production line technical transformation project to further complete the upgrade of core technology.
prospectus shows that Longteng Optoelectronics 's main products are high-performance amorphous silicon (a-Si) thin film transistor liquid crystal display (TFT-LCD), and their products are mainly used in terminal display products such as laptops, mobile phones, on-board vehicles and industrial control display systems.
Compared with large panel manufacturers BOE , TCL Technology, Qunchuang Optoelectronics , Longteng Optoelectronics only has one fifth-generation a-Si production line, focusing on creating small and medium-sized amorphous silicon TFT-LCD products. Due to its extreme concentration, Longteng Optoelectronics has excellent technology in the "circle of ability" of small and medium sizes.
In 2018, the company ranked fifth in the world in laptop panel shipments, and the number of mobile phone panel shipments accounted for seventh in the world, second only to giant companies such as BOE , AUO Optoelectronics , and LGD.
In this regard, Longteng Optoelectronics stated that global panel market demand has maintained moderate growth in recent years. In order to cope with the new market situation, the company will rely on the power of the capital market. In this regard, Longteng Optoelectronics stated that global panel market demand has maintained moderate growth in recent years. In order to cope with the new market situation, the company will rely on the power of the capital market.
In fact, as early as 2008, Longteng Optoelectronics planned to be valued at 6 billion yuan to acquire ST Taiguang (000555) (now Shenzhou Information ). However, due to the large-scale losses in operating performance in Longteng Optoelectronics in 2008 and the first half of 2009, coupled with the appraisal report and acquisition resolution, the restructuring was finally terminated.
After 12 years, it once again impacted the capital market, and Longteng Optoelectronics has long achieved profitability. However, the performance still showed a trend of sharp fluctuations, the company's profitability is not stable, and its net profit has declined for two consecutive years.
prospectus shows that from 2016 to 2019, Longteng Optoelectronics achieved revenue of 4.16 billion yuan, 4.31 billion yuan, 3.73 billion yuan and 3.85 billion yuan, respectively, and net profits of 489 million yuan, 1.03 billion yuan, 289 million yuan and 245 million yuan, respectively.
Regarding the problem of performance fluctuations, Longteng Optoelectronics explained that the flat panel display industry in which the company is located has certain periodic fluctuations due to the supply and demand situation. Specifically, during the reporting period, the company's mobile phone panel prices experienced rapid rise and fall, which led to large fluctuations in the company's operating income and net profit.
In addition, the company has adjusted its product structure according to changes in market demand, and the different prices and profitability of different products have also led to fluctuations in the company's performance.
In the first half of 2020, the company's revenue was 1.8 billion yuan, a year-on-year increase of 0.80%, and its net profit was 46.47 million yuan, a year-on-year increase of 115.88%.
