Today, the three major indexes collectively hit a new low in the year. Both Shanghai and Shenzhen indexes fell by more than 2%, and individual stocks also fell in a large area. Nearly 4200 stocks floated green, while only precious metals, East West calculation and Semiconductor Manufacturing International Corporation(688981) concept sectors rose. Compared with the continuous poor recent performance of the market, the new share market has performed well recently. N Zhongqi (China Automobile Co., Ltd.) listed on the gem today rose 200%. C Huashi (Huashi Technology) and Huaqin technology listed on Monday (March 7) also rose sharply. As of today's closing (March 8), they have increased by 87.4% and 37.89% respectively.
n China Auto soared 200% on the first day, earning 3800 yuan in the first signing
The automobile company listed today belongs to the transportation equipment sector and is one of China's major automobile testing ground investment, operation and management enterprises. The number of shares issued by the company this time is 330.6 million, accounting for 25% of the total share capital after this issuance. The issue price is 3.8 yuan / share, up 2 times from the closing price of 11.4 yuan today (March 8). Based on the 500 shares won the first signing, the profit on the first day is 3800 yuan, and the price earnings ratio of the company is 53.6 times, which is slightly higher than the industry price earnings ratio of 32.41 times.
All the funds raised by China Automobile Co., Ltd. will be used for the Yangtze River Delta (Yancheng) intelligent network automobile test site project. It is expected that after the completion of the raised investment project, it will further improve the company's competitiveness and service quality in the automobile test site industry, improve the company's brand awareness in the automobile industry, and lay a foundation for expanding business scale and profitability. In terms of performance, it is expected that the net profit and net profit after deducting non recurring profits and losses in the first quarter of this year will increase by nearly 10.5% and 11.6% year-on-year, mainly because the company has obtained the qualification of "high-tech enterprise", and the preferential enterprise income tax rate of 15% will be applied in 2022.
Due to the low issue price and the good mood of new shares recently, China Automobile Co., Ltd. has become an individual stock with a double increase on the first day since the second February after newtage. Among the new shares listed since February, as of the close of today (March 8), according to the relative rise and fall of the issue price, Hefu China has increased by 343% and ranked first in the list. Yuehai feed and China Automobile Co., Ltd. have increased by 218% and 200% respectively, while the shares of West Point pharmaceutical, newtage and Jinhui have increased by more than 100%, while the shares of Huashi technology and Biyi have increased by more than 80%.
IPO investment sentiment has warmed up and is expected to continue to recover
Since February, a total of 21 new shares have been listed (Shanghai, Shenzhen and Beijing). As of today's closing price (March 8), a total of 7 individual shares have broken, with a breaking rate of 33%. Among them, if calculated in March alone, only Cade quartz has broken in the four listed stocks, and the relative issue price has fallen slightly by 0.1%. According to the statistics of the rise and fall on the first day of listing, since February, only one stock broke on the first day, and the breaking rate on the first day is only 4.8%.
According to the data of China Research Institute, the overall P / E ratio of new shares decreased compared with that of February. From the comparison of the P / E ratio of registered new shares, the average p / E ratio of February was 113.7x, which was lower than that of January. From the change of the discount and premium of the registered new share opening PE compared with the secondary market, the premium range of the registered new share opening PE compared with the average valuation level of the secondary market is at a relatively low level in history. From the first day's rise and fall of registered new shares, the average first day's rise and fall of new shares in February was 45.56%, slightly higher than the average first day's rise and fall of new shares in January. The overall investment sentiment of new shares may be in the stage of downturn and gradually turning to recovery.
Huajin Securities believes that the lower price earnings ratio of issuance and the slight improvement in investment sentiment of new shares can be basically verified from the data of new shares in February 23456 . At the same time, in combination with the IPO pricing that has completed the inquiry and will be listed in March, it may be speculated that IPO investment sentiment will continue to maintain the recovery trend, and the willingness to innovate and the willingness to participate in the secondary market may rise . However, it should be emphasized that at present, the IPO cycle may still be at the turning point from downturn to gradual recovery, and there may be repeated emotional changes ; Moreover, the overall premium of proximal new shares is still obvious compared with a shares, and there are more opportunities for new shares, which will still be mainly locally active.
