This week (from May 23 to 27), a total of 15 A-share companies held IPO meetings, including 5 on the gem, 5 on the science and innovation board, 3 on the main board of Shanghai Stock Exchange and 2 on the Beijing stock exchange. The total amount of fund-raising is expected to be about 8.1 billion yuan.
On May 23, Shanghai Jiaocheng Ultrasonic Technology Co., Ltd. (hereinafter referred to as “Jiaocheng shares”) and Shenzhen tiandeyu Technology Co., Ltd. (hereinafter referred to as “tiandeyu”) were approved by the municipal Party Committee on the science and innovation board.
It is worth noting that this week, we rushed to the prime time of the IPO of the main board of Shanghai Stock Exchange, specializing in the retail and wholesale business of medium and high-end watches. We are one of the most important partners in China, such as the world’s leading watch group Swatch Group, Richemont group and Rolex group.
5 companies rush to the scientific innovation board
This week, five companies will attend the meeting on the science and innovation board. Jiaocheng shares and tiandeyu, the first to attend the meeting on the 23rd, raised 425 million yuan and 379 million yuan respectively.
Jiaocheng Co., Ltd. is a professional supplier of ultrasonic equipment and automation solutions. It is mainly engaged in the R & D, design, production and sales of ultrasonic welding and cutting equipment and accessories, and provides automation solutions in the field of new energy power battery manufacturing. The company has accumulated well-known customers such as Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) and applied the products to the power battery production lines of Gotion High-Tech Co.Ltd(002074) , Eve Energy Co.Ltd(300014) and other companies through Shenzhen United Winners Laser Co.Ltd(688518) , Shenzhen Yinghe Technology Co.Ltd(300457) and other equipment integrators.
In terms of performance, from 2019 to 2021, Jiaocheng shares achieved operating revenue of 134 million yuan, 265 million yuan and 371 million yuan respectively, and net profit of 9.6185 million yuan, 892887 million yuan and 692516 million yuan.
Tiandeyu’s main business is the R & D, design and sales of integrated single chip in the field of mobile intelligent terminal. At present, the company has four main products: intelligent mobile terminal display driver chip, camera voice coil motor driver chip, fast charging protocol chip and electronic label driver chip.
In terms of performance, from 2019 to 2021, tiandeyu’s operating revenue was 464 million yuan, 561 million yuan and 1116 million yuan respectively; The net profit was 172777 million yuan, 607457 million yuan and 329 million yuan respectively.
According to the prospectus, in the field of display driver chips in China in the first half of 2021, tiandeyu’s shipments accounted for about 12% of the total industry shipments, ranking fourth in the industry. The top three are Beijing Jichuang North Technology Co., Ltd. Galaxycore Inc(688728) , and Beijing yisiwei Technology Group Co., Ltd.
KFC McDonald’s suppliers appear
This week, the main board of Shanghai Stock Exchange arranged three IPO meetings, of which Shengshi shares, which plans to raise 2.507 billion yuan, is the enterprise with the highest amount of funds raised in the IPO at this week’s meeting.
Shengshi Co., Ltd. is a watch omni-channel circulation service provider, specializing in the retail and wholesale business of medium and high-end watches, and providing after-sales service and peripheral products. The company is one of the most important partners of the world’s leading watch group Swatch Group, Richemont group, Rolex group and LVMH in China. It has been authorized to operate more than 40 middle and high-end watch brands, including Baoji, boper, Omega, Lange, jiangshidanton, Rolex, Bulgari and other well-known watch brands. More than 1.6 million watches are sold every year, with more than 2 million registered members.
The retail business of Shengshi shares has nearly 400 physical stores offline, covering more than 120 cities; The wholesale business of the company cooperates with about 300 dealers, with nearly 2000 watch sales outlets, distributed in more than 300 cities.
In terms of performance, from 2019 to the first half of 2021, the operating revenue of Shengshi shares was 9.521 billion yuan, 10.379 billion yuan and 6.313 billion yuan respectively, and the net profit was 663 million yuan, 578 million yuan and 494 million yuan respectively.
It is worth noting that Shengshi shares are derived from Hendry (3389. HK), the “king of Chinese clocks and watches”. Shengshi shares was originally a wholly-owned subsidiary of Hengdeli, a Hong Kong listed company, and later acquired relevant assets of Hengdeli holdings through spin off. The largest shareholder of the company is Yufeng Co., Ltd., which holds 35% of the shares. The actual controller behind it is Zhang Yuping, who is also the actual controller of hendeli.
In addition, KFC and McDonald’s supplier Baoli food also rushed to the IPO of Shanghai Stock Exchange main board this week.
Baoli food, which plans to raise 460 million yuan, is mainly engaged in the R & D, production and technical services of food seasonings. Its main products include compound seasonings, light cooking solutions and beverage and dessert ingredients. At present, the company’s products cover more than ten sub categories, such as powder wrapping, bread bran, marinade, powder spreading, seasoning sauce, salad dressing, jam, conditioning bag, canned fruits and vegetables, baking ready mixed powder, ready to eat beverage and so on.
Baoli food has been deeply engaged in the field of compound seasoning for many years. The company has established long-term and stable cooperative relations with well-known catering chains and large food industrial enterprises at home and abroad, such as KFC, pizza hut, McDonald’s, Dexter, Burger King, damile, Shengnong food, Tyson China, Cargill and Zhengda food. In particular, yum China, the Chinese operator of KFC and pizza hut, ranks among the largest customers of Baoli food all year round.
In terms of performance, from 2019 to the first half of 2021, Baoli food achieved operating revenue of 743 million yuan, 905 million yuan and 722 million yuan respectively; The net profit was 814983 million yuan, 134 million yuan and 964924 million yuan respectively.
