Today (April 19), a total of five new shares of A-Shares were listed, of which Jingwei runheng, a new share of the science and innovation board that has attracted much attention from the market, was also listed for trading today. We will wait and see what the trend will be and whether it will break after the opening.
It is worth mentioning that with the frequent breaking of new shares recently, the behavior of investors abandoning their purchases is also increasing. On April 18, CNOOC and saiweidian also released the issuance results, and there are still many abandoned purchases. Among them, CNOOC online and offline investors of new shares on the main board gave up the subscription amount of 243 million yuan; Investors on Saiwei power grid abandoned 123 million yuan.
industry insiders pointed out that ordinary investors need to adjust the “innovation” strategy and bid farewell to the “brainless innovation”. In the future, the subscription of new shares should focus on the in-depth study of the company’s value, reasonable valuation analysis and market game situation, and be carefully selected according to their respective investment ideas, so as to obtain better new returns
will Jingwei runheng break its listing? Previously, the purchase was abandoned for nearly 400 million yuan
On April 19, a total of five new shares of A-Shares were listed, including Xinte electric, Hongde shares and Liansheng chemical of gem, and yingjixin and Jingwei Hengrun of Kechuang board. Which new shares will soar all the way, and which new shares will break, remains to be the final trend after the opening.
It is worth mentioning that the initial price of Jingwei Hengrun is 121 yuan / share, and the share price ranks sixth among the new shares listed on the internal medicine Chuang board in. In other words, investors need to pay 60500 yuan as soon as they sign.
Jingwei Hengrun issued results on April 12. According to the announcement, Jingwei Hengrun online investors gave up the subscription of 3.2609 million shares, the amount of abandonment was nearly 400 million yuan, and the proportion of abandonment also reached a rare 108698%.
According to the data, Jingwei Hengrun gave up the subscription proportion of 108698%, the highest since 2019. Before this year, the highest proportion of new shares to be repurchased was Hemai shares, with a repurchasing proportion of 6.5139%. However, the proportion of abandonment was later refreshed by the recently subscribed nano core micro and Zhongyi technology.
It is worth mentioning that Jingwei Hengrun issued 9.67 million shares online this time, and the number of shares abandoned by investors was as high as 3.26 million. Based on this calculation, the proportion of abandoned shares by online investors was as high as one-third.
Statistics show that Jingwei Hengrun is a comprehensive electronic system technology service provider. Its main business focuses on electronic systems, focusing on providing electronic products, R & D services and solutions and high-level intelligent driving solutions for customers in the fields of automobile, high-end equipment and unmanned transportation.
In terms of financial data, Jingwei Hengrun achieved an operating revenue of 3.262 billion yuan in 2021, a year-on-year increase of 31.61%; The net profit attributable to the owners of the parent company was 146 million yuan, a year-on-year increase of 98.37%.
From January to March 2022, Jingwei Hengrun estimated that the operating revenue of the company was 660 million yuan to 720 million yuan, and the net profit attributable to the owner of the parent company was – 40 million yuan to – 20 million yuan. The net profit attributable to the owner of the parent company after deducting non recurring profits and losses was expected to be – 80 million yuan to – 60 million yuan, down from the same period last year.
“Big Mac” CNOOC was abandoned and purchased 243 million yuan
Although the relationship between the large amount of abandoned purchase and the break remains to be tested by the market, the issuance results released by CNOOC and saiweidian on April 18 still show that the amount of abandoned purchase is not small.
CNOOC’s announcement of issuance results shows that after the call back, the success rate of this online issuance is 042697013%, which is the highest online success rate of new shares since 2022
In this new share subscription, online investors gave up the subscription amount of 242 million yuan; Seven offline investors gave up their subscription, with an amount of 596100 yuan.
CNOOC, together with Petrochina Company Limited(601857) , China Petroleum & Chemical Corporation(600028) are called “three barrels of oil”. CNOOC is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production groups in the world. Its main business is the exploration, development, production and sales of crude oil and natural gas.
According to the prospectus of CNOOC, in 2021, the company achieved an operating revenue of 246112 billion yuan, an increase of 58.40%; The net profit was 70.32 billion yuan, an increase of 181.77%; The company expects to achieve a net profit of 24 billion yuan to 28 billion yuan in the first quarter of 2022, with a year-on-year increase of 62% to 89%.
as one of the “three barrels of oil”, CNOOC can be called a “giant”. As of the closing on April 18, CNOOC (0883. HK), a Hong Kong stock, closed at HK $11.56, with a total market value of HK $516.1 billion
According to the issuance arrangement, the issuance price of CNOOC is 10.8 yuan / share. It is worth noting that CNOOC’s A-share offering will enable the “green shoe” mechanism, that is, the over allotment option, which is conducive to stabilizing the performance after the listing of new shares.
According to the announcement, CNOOC issued 2.6 billion new shares, accounting for about 5.5% of the total share capital of the company after the issuance (before the “green shoes”). The issuer grants the recommendation institution (co lead underwriter) an over allotment option that does not exceed 15% of the initial issuance scale. If the over allotment option is fully exercised, the total number of shares issued will be expanded to 2.99 billion, accounting for about 6.28% of the total share capital after the issuance (after the “green shoe”).
If the offering is successful, before the exercise of the over allotment option, CNOOC is expected to raise a total of 28.088 billion yuan. After deducting the expected issuance cost of 188 million yuan, CNOOC is expected to raise a net amount of 27.892 billion yuan; If the over allotment option is fully exercised, the total amount of funds raised by CNOOC is expected to be 32.292 billion yuan. After deducting the issuance expenses of about 201 million yuan, the net amount of funds raised is expected to be 32.091 billion yuan.
The announcement of issuance results also shows that the number of unpaid subscription shares of online and offline investors will be underwritten by the joint lead underwriters. The number of underwritten shares of the joint lead underwriters is 22.48 million, with an underwriting amount of 243 million yuan, accounting for 0.7519% of the issuance scale after the full exercise of the over allotment option. The sponsor of CNOOC’s IPO (contact the lead underwriter) is Citic Securities Company Limited(600030) , and the joint lead underwriters are China International Capital Corporation Limited(601995) and Boc International (China) Co.Ltd(601696) .
It is worth mentioning that as of April 18, a total of 16 new shares on the main board have been listed since 2022, none of which broke on the first day of listing; A total of two new shares on the main board have more than 10 days of one-stop trading. Hefu China, which listed on February 16, has the largest number of days of one-stop trading, with a total of 12 one-stop trading. China Mobile, which went public on January 5 this year, rose 0.52% on the first day of listing.
Saiwei power grid investors abandoned the purchase of 123 million yuan
At the same time, a large number of online investors have abandoned the issuance results disclosed by Pico power, a new share competition on the science and innovation board.
According to the results of saiweidian’s issuance, the company was abandoned by online investors for 123 million yuan, and there was no abandonment by offline investors.
The announcement shows that the number of shares that saiweidian’s online investors give up subscription is underwritten by the joint lead underwriters. The number of shares underwritten by the joint lead underwriters is 1656400 shares, with an underwritten amount of 123 million yuan. The number of underwritten shares accounts for 8.63% of the issued number after deducting the final strategic distribution, and the number of underwritten shares accounts for 8.28% of the total issued number Guotai Junan Securities Co.Ltd(601211) and Huatai United Securities are the “joint lead underwriters” of this offering.
The prospectus shows that the issuing price of saiweidian is 74.55 yuan / share. At present, saiweidian has become one of the main suppliers of China’s battery management chip industry. Its main business is the R & D and sales of analog chips. Its main products take battery management chips as the core and extend to more kinds of power management chips, including battery safety chips, battery metering chips, charging management and other chips.
investors need to adjust the “innovation” strategy
The Chinese reporter of the securities firm noted that with the recent overall adjustment of the market and the emergence of the breaking of new shares, the abandonment of purchases also continued to appear. Since 2022, 10 new shares have been repurchased with an amount of more than 100 million yuan, of which the underwriting proportion of nano core micro, Jingwei runheng and Zhongyi technology is more than 10%.
Securities traders said that investors must be reminded that abandoning the purchase is a breach of contract and requires investors to pay costs for it. At present, the sci-tech innovation board and gem adopt the credit subscription mode of subscription according to the market value and payment after winning the lottery. Compared with the subscription mode in which investors need to pay in full before subscription, this mode of subscription of new shares can effectively avoid freezing a large amount of funds and improve the efficiency of investors’ use of funds, but it does not mean that investors can give up payment at will after subscription. According to relevant regulations, if online investors win the lottery three times in total within 12 months but fail to pay in full, they will no longer be able to participate in the subscription of new shares within 6 months.
Many investment advisers of securities companies recently said that for ordinary investors, they need to adjust the “innovation” strategy. On the one hand, we should have a full understanding of the new share market. “Unbeaten new shares” is a special product in a special period. From a broader investment perspective, even in mature capital markets such as the United States, participating in the issuance of new shares is not a shortcut to stock market investment. On the other hand, we should bid farewell to the “brainless innovation”. In the future, the subscription of new shares should focus on the in-depth study of the company’s value, reasonable valuation analysis and market game situation, and be carefully selected according to the idea of ordinary stock investment, so as to obtain better investment return.
