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According to the current arrangement, if there is no change, there will be only one new stock available for subscription this week (July 15th to 19th).

UGREEN Technology, a new GEM stock that started IPO on July 15, has five major product lines covering transmission, audio and video, charging, mobile peripherals, and storage. By continuously launching digital products and peripheral accessories, it has successfully built the "UGREEN" brand, and its revenue has steadily increased. The compound growth rate of revenue from 2021 to 2023 will reach 18.05%.

01‍

1 new stock was launched this week

As of press time, the only new stock issued online this week has disclosed its issue price. The issue price of the GEM new stock Greenlink Technology is 21.21 yuan per share, with an issue price-earnings ratio of 24 times, and the industry's average dynamic price-earnings ratio in the past month is 31.85 times.

UGREEN Technology is a well-known global brand of technology consumer electronics, focusing on the research and development, design, production and sales of 3C consumer electronics products, providing users with comprehensive digital solutions. Its products mainly cover five major series: transmission, audio and video, charging, mobile peripherals and storage.

In terms of performance, from 2021 to 2023, GreenLink's operating income will be 3.446 billion yuan, 3.839 billion yuan and 4.803 billion yuan respectively, with an average annual compound growth rate of 18.05%, and a cumulative net profit of more than 1 billion yuan. The company expects to achieve operating income of 2.656 billion yuan to 2.771 billion yuan in the first half of this year, a year-on-year increase of 25.19% to 30.62%; net profit of 200 million yuan to 210 million yuan, a year-on-year increase of 6.16% to 11.50%.

During the reporting period, UGREEN Technology's overseas revenue accounted for 46.09%, 44.91% and 50.39% of its main business revenue respectively, and the proportion of overseas revenue increased.

The overseas sales markets of the company's products mainly include Europe, America, Southeast Asia and other countries and regions, accounting for about 80% of the overseas sales revenue during the reporting period. At the same time, the company continues to strengthen the development of the global market, and the revenue in other regions also maintained a relatively fast growth rate during the reporting period.

The continued growth in overseas revenue also benefits from the cooperation between UGREEN Technology and mainstream foreign e-commerce platforms. The main third-party platforms for UGREEN Technology's overseas sales are Amazon, AliExpress, Shopee, Lazada, etc. The company conducts brand development and product optimization based on platform characteristics and market demand, promoting the continuous improvement of brand premium capabilities and visibility, and promoting continued revenue growth.

In this IPO, GreenLink Technology raised a total of 880 million yuan, which will be used for product research and development and industrialization construction projects, intelligent warehousing and logistics construction projects, headquarters operation center and brand building projects, etc.

02

35 companies terminated their IPOs this month

Against the backdrop of strict entry control, the IPO market has seen a wave of voluntary withdrawals this year.

Wind data shows that since July, the Shanghai, Shenzhen and Beijing Stock Exchanges have announced the termination of IPOs for 35 companies. This year, 330 companies planning to go public have terminated their IPOs (including withdrawals, failures in review, etc.).

At the same time, supervision further clarified and refined the requirements for tutoring work to promote the improvement of the practice quality of tutoring institutions.

The China Securities Association plans to issue the "Guidelines for Guidance on Initial Public Offerings and Listings" (hereinafter referred to as the "Guidelines") and is currently soliciting opinions from the industry.

The Guidance Work Guidelines clearly specify the organizational form and personnel requirements for listing guidance work, work content and key points of each stage, work execution process, working papers, etc.

Among them, the more important requirements include but are not limited to: the sponsor representative should participate in the coaching work; pay attention to the reputation of the "key few"; clarify the relevant requirements such as changing sectors; and the draft documents cover all stages and links of the coaching.

It is understood that since the beginning of this year, regulators have introduced a number of measures regarding initial public offerings and listing guidance.

Among them, the "Opinions on Strictly Controlling Access to Issuance and Listing and Improving the Quality of Listed Companies from the Source (Trial)" clearly stipulates the responsibilities of companies to be listed and the "key few" and strengthens the responsibilities of guidance and supervision.

The "Regulations on Supervision of Initial Public Offerings and Listings" clarify the goals, processes and standards of guidance supervision, further strengthen the responsibilities of guidance institutions, and require guidance institutions to formulate professional standards and operating procedures for the guidance process, promote the guidance objects to accurately grasp the sector positioning and industrial policies, and fully understand the word-of-mouth reputation of the guidance objects and the "key few".

IPO Calendar

July 15

UGREEN Technology (301606) is a world-renowned brand of technology consumer electronics. It is mainly engaged in the research and development, design, production and sales of 3C consumer electronics products. It is committed to providing users with comprehensive digital solutions. Its products mainly cover five major series: transmission, audio and video, charging, mobile peripherals and storage.

Editor: Chen Lixiang

Proofreading: Yang Lilin