The recent A-share market is poor, and the capital is not very friendly to the listed new shares. On March 14, silinjie (688115. SH) landed on the science and innovation board. On the first day of listing, it fell by 23.67%, below the issuance price. Investors lost up to 7925 yuan in the first signing.
As of March 14, of the 60 new shares listed this year, 9 had broken on the first day of listing. In addition to the poor performance on the first day of listing, 21 of the above-mentioned 60 new shares have been broken. Among the new shares broken this year, "super IPO" Aojie Technology (688220. SH) led the decline.
Previously, the new effect of A-Shares was obvious, and funds "love" new shares. Market participants believe that when the market is poor, the capital tends to be conservative and the power to fry new shares is insufficient. When the fundamentals of new shares make the market not expect, there is a greater chance of breaking.
In response to the break, a person from silingjie Securities Department told the reporter of Huaxia times that the company promoted the listing according to the normal schedule, and at present, the company's operation is normal. The first day of listing may break due to poor sentiment in the secondary market.
silinger breaking
On March 14, silinger suffered a "cold bench" on the first day of landing on the science and innovation board, down 23.67% to close at 50.11 yuan / share, below the issuance price of 65.65 yuan / share.
Public information shows that silinger is a high-tech enterprise in the field of industrial automation testing, mainly engaged in the design, R & D, production and sales of industrial automation testing products such as embedded intelligent instrument modules.
After deducting the issuance expenses, the funds raised by silinger IPO will be used for the production expansion and construction project of embedded intelligent instrument module, the construction project of R & D center and supplementary working capital, with a total planned investment of 557 million yuan.
According to the financial data, the revenue of silinger from 2018 to the first half of 2021 was 121 million yuan, 119 million yuan, 189 million yuan and 117 million yuan respectively; The corresponding net profits in the same period were 451053 million yuan, 295885 million yuan, 628343 million yuan and 377093 million yuan respectively.
In addition, silinjie expects the operating revenue in the first quarter of 2022 to be 533186 million yuan to 619469 million yuan, a year-on-year increase of 67.23% to 94.30%; The estimated net profit is 8.1289 million yuan to 122506 million yuan, with a year-on-year increase of 655.46% to 937.09%.
The performance is OK. Why did the company break? Wang Yu, an analyst at a large securities firm, told the Huaxia times that the main reason for the listing break may be that the issue price is too high, or the company's listing node coincides with market fluctuations.
The reporter noted that the P / E ratio of silinjie's issuance is 75.6 times, which is lower than the average static P / E ratio of comparable companies in the same industry of 109.38.
more than 30% of new shares were broken
According to the data of Tonglian, 60 new shares have landed in A-Shares since this year, of which 9 broke on the first day of listing.
Among them, Aojie technology and above cities fell by 33.75% on the first day, taking the lead. In addition, there were six with a decline of more than 10% on the first day of listing.
In addition, as of March 14, 21 new shares listed this year have fallen below the issue price, of which 12 have fallen by more than 10%.
Among them, the top three enterprises in the decline are the enterprises on the science and innovation board. Aojie technology led the decline by 54.76%. On March 14, the daily closed at 74.44 yuan / share, which has been halved compared with its issuance price of 164.54 yuan / share.
No matter from the decline on the first day of listing or the cumulative decline this year, Aojie technology ranks first, which can be described as the "king of decline" this year.
On January 14, 2022, Aojie technology landed on the science and innovation board. The lead underwriter was Haitong Securities Company Limited(600837) , and the issue price was 164.54 yuan / share, with a decrease of 20.99% on the same day. The highest intraday price was 130.11 yuan and the lowest price was 105.88 yuan.
Although the trend of Aojie technology is poor after its listing, it is a veritable super IPO.
It is reported that the total amount of funds raised by Aojie technology is 6.883 billion yuan, and the net amount raised after deducting the issuance expenses is 6.546 billion yuan. The company plans to raise 2.38 billion yuan, which is intended to be used for new communication chip design, intelligent IPC chip design projects, integration of multiple wireless protocols, overall solution of high-precision navigation and positioning in multiple fields and platform projects, R & D center construction projects and supplementary working capital projects.
It is noteworthy that Aojie technology continued to suffer losses. According to the data, from 2017 to the first nine months of 2021, the operating revenue of the company was 84 million yuan, 115 million yuan, 398 million yuan, 1081 million yuan and 1433 million yuan respectively, with rapid growth year by year.
However, the corresponding attributable net profit is -998 million yuan, - 537 million yuan, - 584 million yuan, - 2327 million yuan and - 484 million yuan, which is in a state of long-term loss.
According to the performance forecast of 2021, Aojie technology is expected to lose -564 million yuan, a year-on-year decrease of 75.76%, mainly due to the large-scale amortization of share based payment expenses in the previous year.
