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there will be another “big meat signing” in a-shares this week. what are the “money prospects” of new listings?

2024-08-29

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00:28
this week, the a-share market saw another "big meat signing", with jialiqi listing on the growth enterprise market, and soaring by more than 240% on its first day of listing. since the beginning of this year, with the slowdown in the pace of ipos, the scarcity of new stocks has become more prominent, the rate of new stock price drops significantly, and the profit effect of new stock issuance is significant.
the stock price of "big meat" jialiqi surged by more than 240% after its listing
on august 28 (wednesday), jialiqi officially landed on the chinext with an issue price of 18.09 yuan/share and an opening price of 60.04 yuan/share, an increase of 231.90%. the highest intraday price rose to 68.16 yuan/share, with a maximum increase of 276.78%. as of the close, jialiqi's share price was 62.29 yuan/share, an increase of 244.33%. if you win one lot and sell it on the same day, you can earn more than 22,000 yuan.
jialiqi's stock price surged 240% on its first day of listing
public information shows that jialiqi focuses on the research and development, production, sales and related services of military aviation composite parts. it is a leading private enterprise in the field of military aviation composite parts. its main products include two categories: aircraft composite parts and missile composite parts. they are widely used in key equipment models such as transport aircraft, drones, and missiles.
in terms of performance, the company achieved operating income of rmb 428 million, rmb 592 million, rmb 463 million and rmb 270 million in 2021, 2022, 2023 and january-june 2024 respectively; and realized net profit attributable to the parent company of rmb 129 million, rmb 150 million, rmb 103 million and rmb 62 million. the company expects the year-on-year change in net profit attributable to the parent company from january to september 2024 to be -4.53% to 7.11%.
the pace of ipos slows down, and the profit effect of new listings returns
since the beginning of this year, as the pace of ipos has slowed down, the scarcity of new shares has become more prominent, the ipo failure rate has declined significantly, and the money-making effect of new share issuance has been significant.
according to the data from tonghuashun, in terms of listing date, there were 313 new stocks listed in the a-share market in 2023, with a total ipo fundraising of 356.5 billion yuan. more than half of 2024 has passed, and there are 58 new stocks listed in the a-share market for the first time, with a total ipo fundraising of 42.2 billion yuan, which is less than 12% of the total fundraising in 2023.
number of ipos and total funds raised so far this year
overall, the a-share market expanded significantly from 2019 to 2022, with the scale of ipo fundraising and the number of listed companies continuing to increase significantly. in 2022, the scale of ipo fundraising reached 586.9 billion yuan, a historical high.
analysts pointed out that with the gradual implementation of the registration system reform, the new stock under-issuance rate has increased significantly from 2022 to 2023, reaching 28.5% and 16.61% respectively. since the second half of 2023, the pace of ipos has gradually slowed down, and the scarcity of new stocks has become more prominent.
so far this year, among the 58 new stocks listed on the a-share market, only one new stock, shanghai hi-tech, fell 6.31% on the first day of listing and broke the issue price. the year-to-date break rate was only 1.72%, a significant decline from 2023, the lowest since 2020; the average return rate of new stocks reached 136.04%, a new high since 2022, and the money-making effect gradually returned.
analysts said that the reason for the sharp decline in the ipo price drop this year may be that the quality of listed companies has been further guaranteed under the background of strict supervision of the capital market "entrance gate". at the same time, as the capital market environment improves, investors' confidence in the market has increased significantly, and the enthusiasm for "ipo" has gradually returned to normal. in addition, the regulator has also introduced a series of stricter pricing rules and review processes to continuously improve the rationality of ipo pricing.
huicheng vacuum surged more than 7 times on the first day and ranked first
from 2024 to date, among the 58 new stocks listed, the largest number of them were listed on the growth enterprise market, reaching 22, accounting for 37.93%. the total amount of ipo funds raised on the shanghai stock exchange main board was the highest, at 14.764 billion yuan.
looking at individual stocks, according to data from tonghuashun, among the 58 new stocks this year, 34 doubled their value on the first day of listing, accounting for 58.62%. among them, huicheng vacuum, which was listed on the chinext on june 5, rose 752.95% on the first day of listing, temporarily ranking first.
huicheng vacuum's stock price surged more than 7 times on its first day of listing
in addition, kema technology and li'an technology both saw their first-day gains of more than 300%. kent shares, jialiqi, hongxin technology, zhonglun new materials, wanda bearings, guoke tiancheng, and nova nebula all saw their first-day gains of more than 200%. yangzi evening news/ziniu news reporter fan xiaolin
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