On April 22, four new shares of A-share, including nano chip micro, saiweidian, Qingyan environment and osheng electric, were listed. Among them, nano core micro and saiweidian are new shares of Kechuang board.
Saiweidian broke off at the opening, down 29.81% and fell more than 31% at one time. Among investors, there was a floating loss of 11600 yuan.
Nano core micro is the most expensive new share this year, with an issue price of 230 yuan / share. Nano core micro opened 8.7% higher on the same day and once rose nearly 20%. The highest profit of China first signing exceeded 22000 yuan.
On April 21, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said that some recent IPOs have fallen below the issue price. It is not that there are too many IPOs at present, but that the IPO pricing ability needs to be further improved.
see the breaking of new shares again, with a loss of 10000 yuan in the first signing
4 new shares listed in one day.
Among them, the initial price of saiweidian is 74.55 yuan / share. The company’s share price broke at the opening. The company opened at 52.33 yuan / share. The share price opened 29.81% lower and fell as low as 31.17% to 51.31 yuan. If the winning shareholders sell at this price, the maximum loss of 500 shares in the first lot will be 11620 yuan.
Some successful investors have previously opted to abandon the purchase. On the evening of April 18, saiweidian disclosed that the issuance results showed that the company was abandoned by 123 million yuan by online investors, and there was no abandonment by offline investors.
Saiweidian’s main business is the R & D and sales of analog chips. Its main products include battery safety chips, battery metering chips, charging management and other chips. From 2019 to 2021, the company’s operating revenue was 887361 million yuan, 180 million yuan and 339 million yuan respectively; The net profit deducted from non operating income was 8.0126 million yuan, 407205 million yuan and 871297 million yuan respectively, and the operating income and net profit deducted from non operating income increased significantly.
As of the closing, saiweidian was still in a broken state, and the other three new shares rose.
What attracts the most attention today is the nano chip micro, a chip stock of the science and innovation board. Its issue price is as high as 230 yuan and the issue price earnings ratio is 107.48 times. It is the new share with the highest issue price this year and the fifth highest new share in the history of a shares.
The purchase of 3381500 shares of wechat has been abandoned by investors, accounting for 38.76% of the total online issuance of 8.7235 million shares. Nearly 40% of the retail investors who won the online lottery chose to abandon the purchase, with the amount of abandonment as high as 780 million yuan. Both the absolute amount and the proportion of abandonment set a new historical record.
Nano chip micro is an integrated circuit design enterprise focusing on the R & D and sales of high-performance and high reliability analog integrated circuits. Its products cover analog and mixed signal chips in the technical field. At present, it can provide more than 600 product models for sale, which are widely used in the fields of information communication, industrial control, automotive electronics and consumer electronics.
A large number of new shares were broken before, and the issuing price and P / E ratio of nano core micro were so high that before it was listed, the Internet was full of comments about the breaking of nano core micro, and some even expected a per capita loss of more than 20000 yuan on the day of listing.
However, the market trend was unexpected. The nano core micro opened higher and went higher, once rising by nearly 20%. The highest profit of the first contract was more than 22500 yuan.
Today, the other two new shares are ousheng electric and Qingyan environment. Osheng electric also made a break in the opening, opening 6.19% lower, and then pulled up in a straight line. It touched the temporary stop twice in the session, with a maximum increase of more than 50%. The best performance was the Qingyan environment, which continued to rise after opening more than 40%, and also touched the temporary stop twice, with a maximum rise of more than 124.62%.
Vice chairman of the CSRC
As of the 22nd, 114 A-shares had been newly listed this year, and 32 had been broken on the first day, mainly focusing on the science and innovation board and gem that implement the registration system. In April, new shares broke a record frequently. At present, there are 28 listed stocks in April and 13 on the first day.
With the breaking tide, the capital market has repeatedly abandoned the purchase of new shares. According to data, as of April 20, the average abandonment ratio of listed stocks this year was 0.95%.
On April 21, during the 2022 annual meeting of Boao Forum for Asia, Fang Xinghai, vice chairman of China Securities Regulatory Commission, expressed his latest views on the hot topics concerned by the market, such as the decline of China concept shares and the breaking of new shares.
Fang Xinghai said, “recently, people seem to say that some IPOs fall below the issuance price. This is not too many IPOs. This is that the pricing needs to be set more appropriately. If the market does not recognize it, it is necessary to make the pricing recognized by the market. In fact, it is to further improve the pricing ability.”
Fang Xinghai said that he believes that after more foreign capital enters the market, especially long-term institutional investors, international leading institutions will further provide services for the market, the pricing and investment level of the market will be further improved, and the market will be more resilient and dynamic.
IPO has these characteristics
Recently, the frequent breaking of new shares has also worried investors, Citic Securities Company Limited(600030) previously sorted out some common characteristics of breaking new shares.
First look at the types of new shares Citic Securities Company Limited(600030) by combing the data, it is found that since October 2021, all the new shares issued on the first day have come from the gem and the science and innovation board, that is, 100% of them belong to the registered new shares. The new shares on the main board under the approval system (the main boards of Shanghai and Shenzhen stock markets) have not broken.
Secondly, whether the valuation is high or not. The P / E ratio of broken new shares has one characteristic: it is either higher than 23 times or not profitable. For the new shares breaking the tide on the first day, after excluding those that have not yet made a profit, 82.61% of the individual shares issued have a P / E ratio higher than that of the industry, which is also a signal of concern.
In addition, from the perspective of profitability, 40% of the unprofitable new shares broke on the first day; Only 4% of the profitable new shares broke.
Fourth, look at the issue price Citic Securities Company Limited(600030) through the data back test, it is found that there is a certain correlation between the performance of new shares after listing and the issue price. Among the broken new shares, the vast majority are at high issue prices; Most of the new shares with the highest increase have lower issuance prices.
