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china fund news reporter wu jun

although there are only three trading days this week, two new stocks are being issued online. one is tongguan mining construction, which was subscribed online on september 18, with an issue price of 4.33 yuan per share, making it the "cheapest" new stock this year; the other is changlian technology, which was subscribed online on september 19, with an issue price of 21.12 yuan per share.

the issue price of tongguan mine construction is the "lowest" this year

the issue price of the new beijing stock exchange stock tongguan mining construction, which was subscribed online on wednesday (september 18), was 4.33 yuan per share, corresponding to a diluted price-to-earnings ratio of 14.92 times for the net profit attributable to shareholders after deducting non-recurring items in 2023, which is lower than the average price-to-earnings ratio of 20.85 times in the industry.

it is worth mentioning that tongguan mining and construction is the new stock with the lowest issue price in the a-share market this year, lower than the issue price of 4.60 yuan per share of xuchang intelligent technology co., ltd., which was listed on the beijing stock exchange in january this year. wind data shows that 9 new stocks listed this year have an issue price of less than 10 yuan per share, but the average increase on the first day of listing exceeded 168%.

according to the data, tongguan mining construction is a world-leading mineral development service provider and a "specialized, refined, innovative" small and medium-sized enterprise in anhui province. the company's largest shareholder is tongling nonferrous metals group holding co., ltd., and the actual controller is the anhui provincial state-owned assets supervision and administration commission.

the prospectus shows that tongguan mining and construction is a national high-tech enterprise focused on providing integrated development services such as engineering construction, operation management, optimization design, and technology research and development and related value-added services to non-coal mines around the world, and is committed to becoming a global leading smart mining system solution provider.

the company mainly provides integrated mine development services for non-coal mines, mainly including two core services: mine engineering construction and mining operation management. through the application of multiple core technologies in the fields of ultra-deep shaft integrated solutions, double-ultra-deep mine operation management, intelligent empowerment of mine services, comprehensive prevention and control of deep well water hazards, temperature control of high-cold mine operations, and precise docking of high-altitude steel structures, it provides mature and multi-dimensional systematic technical solutions for mine development service projects. the company is one of the few non-coal mine integrated development service providers in the industry that can simultaneously build more than 10 kilometer-level ultra-deep shafts, and its comprehensive strength ranks among the top in the industry.

in terms of finance, the company's operating income in 2021, 2022 and 2023 was rmb 1.024 billion, rmb 1.164 billion and rmb 1.164 billion respectively; the net profit attributable to the parent company in the same period was rmb 47.9244 million, rmb 71.9503 million and rmb 66.2029 million respectively. the latest reporting period data shows that in the first half of 2024, the company achieved operating income of rmb 656 million, a year-on-year increase of 19.47%; the net profit attributable to the parent company was rmb 43.1069 million, a year-on-year increase of 21.23%.

zhu haibin of kaiyuan securities believes that tongguan mine's "double super" mine development services are at the forefront of the domestic industry. at the same time, it is actively expanding overseas markets in cooperation with customers and is expected to fully benefit from the growth in demand in downstream industries.

changlian technology is favored by well-known downstream customers

changlian technology, a new gem stock that was subscribed on thursday (september 19), is the leader in the water-based printing paste industry. the number of shares issued in this public offering is 16.11 million shares, and the total amount of funds raised by the issuer is expected to be approximately 340 million yuan. the issue price is 21.12 yuan per share, and the price-earnings ratio is 17 times, which is lower than the industry price-earnings ratio.

according to the data, changlian technology is the eighth batch of national manufacturing champions and has won the title of "specialized, sophisticated and innovative 'little giant' enterprise" by the ministry of industry and information technology. the company specializes in the research and development, production and sales of environmentally friendly water-based printing materials. its main products include water-based printing paste, water-based resin, silk-screen silicone, digital ink, etc.

it is understood that the water-based printing paste produced by changlian technology uses water as the dispersion medium, which complies with the "limits for volatile organic compounds (vocs) in inks (gb 38507-2020)" standard, greatly reducing vocs emissions; the products have been finally used in well-known brands such as adidas, nike, fila, anta, li ning, c&a, gap, vs (victoria's secret), disney, shein, and esprit.

in terms of finance, from 2021 to 2023, changlian technology's operating income was 581 million yuan, 538 million yuan, and 530 million yuan, respectively, and its net profit attributable to the parent company was 60.1937 million yuan, 79.4635 million yuan, and 82.5106 million yuan, respectively. in the first half of this year, the company achieved operating income of 297 million yuan, an increase of 8.73% over the same period last year; the net profit attributable to the parent company was 44.858 million yuan, an increase of 1.11% over the same period last year.