Another photovoltaic module giant doubled its market value on the first day of landing on the A-share market and exceeded 100 billion yuan

Jingke energy landed on the science and innovation board today (January 26), with an issue price of 5 yuan / share. The stock rose all the way after opening sharply higher, triggering a temporary stop in the session, and then rose by more than 130%. Today, it closed up 111% to 10.55 yuan, with a total market value of more than 100 billion yuan.

however, due to the low issue price, the first signing earned only 2775 yuan (calculated at the closing price). according to statistics, among the new shares landing on the science and innovation board this year, Jingke energy has the lowest issuing price. Compared with Hemai shares belonging to the same photovoltaic industry chain, it was listed at an issue price of more than 100 times of Jingke energy (557.80 yuan) last year, setting a record for the most expensive new shares of a shares.

From the perspective of texture, Jingke energy ranks first in the global photovoltaic modules. According to the global module shipment ranking in 2021 recently released by PV InfoLink, a market research company, Jingke energy ranks fourth.

According to the prospectus, Jingke energy planned to raise 6 billion yuan in this IPO, but actually raised 10 billion yuan, about 1.7 times higher than the original plan. The company said that the net amount raised (RMB 9.725 billion) will be used for the development of the company’s main business, including the construction project of annual output of 7.5GW high-efficiency battery and 5GW high-efficiency battery components and the construction project of Haining R & D center. At the same time, replenish the company’s working capital.

At present, Longi Green Energy Technology Co.Ltd(601012) , Trina Solar Co.Ltd(688599) , Ja Solar Technology Co.Ltd(002459) have been listed in a shares, with the official landing of Jingke energy on Kechuang board and the successful meeting of Astor Cecep Solar Energy Co.Ltd(000591) , the five leaders of photovoltaic modules are expected to gather in a shares.

Sinolink Securities Co.Ltd(600109) released a report today, promising the performance elasticity of Jingke energy in 2022 from three aspects.

First, according to the plan, the company’s battery capacity will be expanded to 40gw by the end of 2022, and the company’s own battery capacity will be increased to consolidate the integrated cost advantage; Second, it is expected that the shipment of TOPCON components of the company is expected to reach 5-10gw in 2022, and differentiated products are expected to enjoy a premium; Third: with the opening of financing channels, the financial expense rate is expected to decline significantly, thickening the profits of the company.

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