Market performance and highlights this week: the subscription amount of LG new energy’s public offering exceeded 600 billion yuan, the highest in South Korea
Market performance: this week (from January 17 to January 21, the same below), the A-share market rose or fell. The Shanghai Composite Index closed at 3523 points, up 0.04%; Shenzhen composite index closed at 14030 points, down 0.86%; Gem index closed at 3035 points, down 2.72%. In terms of the style of large and small cap, the large cap index rose 1.22% and the small cap index fell 3.06% this week. Since 2021, the market index has fallen by 9.01%, the small index has risen by 13.28%, and the small / large ratio is 1.24.
Highlights of this week: the subscription amount of LG new energy’s public offering exceeded 600 billion yuan, the highest in South Korea.
Major events this week: Cabio Biotech (Wuhan) Co.Ltd(688089) , Aohua endoscopy and Shanghai Sk Automation Technology Co.Ltd(688155) equity incentive schemes deserve special attention. Cabio Biotech (Wuhan) Co.Ltd(688089) it is proposed to grant 1.8 million restricted shares to employees at the price of 29.26 yuan / share. The performance evaluation objectives are: the growth rate of operating revenue in 2022, 2023 and 2024 over 2021 shall not be less than 25%, 180% and 380% respectively; Aohua endoscopy plans to grant 2.5 million restricted shares to employees at the price of 22.5 yuan / share, and the performance assessment goal is that the operating income in 2022, 2023 and 2024 will not be less than 440 million, 660 million and 990 million yuan; Shanghai Sk Automation Technology Co.Ltd(688155) it is proposed to grant 1 million restricted shares to employees at the price of 108 yuan / share. The performance evaluation goal is that the growth rate of operating revenue / net profit in 2022 and 2023 compared with 2021 shall not be less than 50% and 100% respectively.
This week’s special topic: the new revenue in 2021 is still rich, and it is time to increase the “golden pit”
New share market in 2021: IPO Financing volume hit a record high, and the annual revenue is still rich. With the rapid growth of the number of IPOs under the rhythm of normalized issuance, the average fund-raising amount has increased significantly under the joint action of the successive issuance of large projects and the upward movement of the valuation of new share issuance after the inquiry of new regulations. The financing scale of IPO in 2021 reached 535.1 billion yuan, a record high. Although the offline new revenue decreased significantly due to the narrowing of the first day’s increase at the initial stage of the implementation of the new regulations, the market-oriented regulation promoted the increase of fund-raising amount and winning rate. After the superposition break, the quotation of new investors gradually became balanced, and the new revenue has gradually stabilized and warmed up after the implementation of the new regulations, In the whole year, a total of 300 million yuan of class a accounts and class C accounts created enhanced earnings of 11.99% and 5.48%.
Fixed growth market in 2021: the fixed growth market has fully recovered, and the “golden pit” is just at that time. After the centralized release of the financing needs of listed companies, the financing of the new issuance plan for fixed increase remained high in 2021, with 532 new issuance plans in the whole year, involving a financing scale of 944.8 billion yuan. At the same time, the fixed increase plan emerging after the new refinancing policy entered the intensive issuance period in 2021. The recovery of income also attracted the continuous inflow of funds such as public funds and promoted the significant recovery of issuance scale. A total of 494 cases were issued throughout the year, involving a financing scale of 853.3 billion yuan. The continuous oversupply leads to high discount rate. The average discount rate of fixed increase in bidding in 2021 is 17.9%. At the same time, as the market continues to shift to the style of small and medium-sized market capitalization, the market is dominated by small and medium-sized market capitalization companies α Earnings picked up significantly. At high discounts and α Under the background of income recovery, the “golden pit” of fixed growth market investment is at the right time. The average yield of fixed growth through bidding in 2021 will reach 33.1%.
Key recommended themes and stocks
Smart car theme (Ju Guang technology, Huizhou Desay Sv Automotive Co.Ltd(002920) , Foryou Corporation(002906) , Ingenic Semiconductor Co.Ltd(300223) , Thunder Software Technology Co.Ltd(300496) , Lianchuang Electronic Technology Co.Ltd(002036) , Ningbo Joyson Electronic Corp(600699) , Meig Smart Technology Co.Ltd(002881) ); Leisure snack theme ( Yanker Shop Food Co.Ltd(002847) , Bestore Co.Ltd(603719) , Three Squirrels Inc(300783) ); Pet and Breakfast themes ( Petpal Pet Nutrition Technology Co.Ltd(300673) , Zhongyin Babi Food Co.Ltd(605338) ); High end manufacturing themes ( Amlogic (Shanghai) Co.Ltd(688099) , Jade Bird Fire Co.Ltd(002960) , Jutze Intelligent Technology Co.Ltd(300802) , Jiangsu Ankura Smart Transmission Engineering Technology Co.Ltd(300617) ).
Risk tip: the economy has fallen sharply; Major changes in capital market reform policies; The prosperity of the industry is lower than expected
