The code of the first new stock 920 of Beijing Stock Exchange in August is confirmed, and Taihu Yuanda will start subscription on August 13
2024-08-12
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After the Beijing Stock Exchange welcomed the "first stock with code 920" on May 30, the second new stock with code 920 will open for subscription on August 13 (next Tuesday).
On the evening of August 9, Taihu Yuanda (i.e. Zhejiang Taihu Yuanda New Materials Co., Ltd.) issued an announcement stating that the company has applied to the Beijing Stock Exchange for a new code starting with 920. The original New Third Board stock code "873743" will be officially changed to "920118" on the trading day before listing.
Taihu Yuan's investment list is freshly released
The official website of the Beijing Stock Exchange shows that the online subscription time for Taihu Yuanda’s issuance is August 13, the issue price is 17 yuan per share, and the issue price-earnings ratio is 11.80 times; the issuance results will be announced on the third day, August 16 (next Friday).
Photo/Beijing Stock Exchange
In the concurrent issuance announcement on the evening of August 9, the list of strategic investors for Taihu Yuanda’s IPO on the Beijing Stock Exchange was also released.
Taihu Yuanda introduced nine strategic investors in this issuance, including Changxing Hongliang Equity Investment Partnership (Limited Partnership), Beijing Zhongke Turing Fund Management Co., Ltd., Qingdao Luxiu Investment Management Co., Ltd. (Luxiu Reindeer No. 10 Private Equity Securities Investment Fund), etc., who plan to subscribe for a total of 1.46 million shares.
Photo/Beijing Stock Exchange
Judging from the fact that Wanda Bearing's previous winning rate was only 0.07%, investors are enthusiastic about the issuance of new shares with the "920 code" on the Beijing Stock Exchange. And judging from the performance on the first day of listing, Wanda Bearing has indeed demonstrated the money-making effect of new shares on the Beijing Stock Exchange. Its intraday increase reached 257%, which once triggered a temporary suspension; at the close of trading, Wanda Bearing also rose by 227.53%, becoming the best first-day performance of new shares on the Beijing Stock Exchange since 2024.
Will Taihu Yuanda continue the trend of new shares with the “920 code” of Beijing Stock Exchange? This will also become the focus of the market.
Taihu Yuanda made a net profit of over 70 million last year
The official website of the Beijing Stock Exchange shows that the sponsor of Taihu Yuanda’s IPO is China Merchants Securities Co., Ltd., the auditing accounting firm is Gongzheng Tianye Accounting Firm (Special General Partnership), and the law firm is Beijing Dacheng Law Firm.
Photo/Beijing Stock Exchange
On November 3, 2023, Taihu Yuanda’s IPO application was accepted by the Beijing Stock Exchange; from February 2024 to May 23, during these months, Taihu Yuanda successively accepted three rounds of inquiries from the Beijing Stock Exchange; one month later, Taihu Yuanda faced the "big test" of going to the board meeting and successfully passed it on June 20; on July 8, Taihu Yuanda submitted for registration, and it was successfully registered 10 days later, and then obtained the approval of the China Securities Regulatory Commission for its public issuance of shares.
Qichacha and the prospectus (the same below) jointly show that Taihu Yuanda was established on February 19, 2004, and was listed on the New Third Board on November 1, 2022. Half a year later, on May 19, 2023, it was adjusted to enter the Innovation Layer. It is a national high-tech enterprise integrating the research and development, manufacturing, sales and services of environmentally friendly polymer materials for cables, and a national-level specialized and new "little giant" enterprise.
In terms of performance, from 2021 to 2023, Taihu Yuanda achieved operating income of approximately RMB 1.071 billion, RMB 1.392 billion and RMB 1.524 billion, respectively, with year-on-year growth rates of 30.92%, 29.96% and 9.43%, respectively; and achieved net profits attributable to the parent company's owners of approximately RMB 45.8956 million, RMB 61.0914 million and RMB 77.4570 million, respectively, with year-on-year growth rates of 23.26%, 33.11% and 26.79%, respectively.
It is worth noting that during the reporting period from 2021 to 2023, Taihu Yuanda's overseas sales were RMB 79.3454 million, RMB 191.7751 million and RMB 169.8062 million, accounting for 7.41%, 13.77% and 11.15% of operating income, respectively, and the scale of overseas sales grew rapidly. Taihu Yuanda's products are mainly sold overseas to Pakistan, Malaysia, Vietnam, Turkey, South Africa, Indonesia, Qatar and other places.
The second stock with code 920 of Beijing Stock Exchange has come, and these companies have made new progress in applying for IPO of Beijing Stock Exchange
As the second stock with the code 920 on the Beijing Stock Exchange is approaching, the market is paying more attention to the "reserve army" of new stocks with the code 920.
Judging from the "waiting" situation of other companies applying for IPOs on the Beijing Stock Exchange, after the Beijing Stock Exchange's IPO review work was restarted in mid-to-late June, in addition to Taihu Yuanda, another company that passed the review in the first batch, Chengdian Optics, has now changed its review status to "registered". Perhaps in August, investors on the Beijing Stock Exchange will have the opportunity to participate in the subscription of two new stocks.
In addition, Keli Co., Ltd. successfully passed the review on August 9; China Herbal Flavors and Fragrances also submitted its registration application the day before, on August 8.
From the inquiry situation, as of August 10, the status of the Beijing Stock Exchange's review project shows that a total of 73 companies are currently in the inquiry stage. Since entering August, many companies have updated their inquiry status. Among them, Asia Micro Software has the first round of inquiries, Xuhui Electric has the second round of inquiries, and Sannai Environmental Protection and Kobair have completed the responses to the second round of inquiries.
The research team of Shenwan Hongyuan believes that after the IPO review work of the Beijing Stock Exchange is fully restarted, from acceptance to the meeting, it is still necessary to pay attention to the pace of approval from the China Securities Regulatory Commission to the Beijing Stock Exchange. The positioning of the Beijing Stock Exchange is different from that of the Shanghai and Shenzhen Stock Exchanges. The institutional inclusiveness of innovative small and medium-sized enterprises is an advantage. We are optimistic about the high-quality expansion of the Beijing Stock Exchange market in the second half of the year, and we recommend that investors actively pay attention to investment opportunities in the new stock market of the Beijing Stock Exchange.
Huang Xinyu, financial reporter of Beijing News Shell
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