Our reporter Zhou Shangzhang
In the first quarter of this year, A-share IPOs have made steady progress, and new revenues from securities firms have continued to rise.
"Securities Daily" reporter conducted statistics on the 41 new stocks that announced the inquiry of offline institutions in the first quarter of this year and found that in the current round, a total of 58 securities dealers' self-operated accounts and 13 securities firms collected reasonable wealth products to participate in the renewal, and an average of 5036 shares were allocated. The cumulative floating profit was as high as 587 million yuan.
According to the statistics of the new renewal situation announced by the reporter, 41 new shares of the offline institution's inquiry were announced in the first quarter of this year. In this round, a total of 58 securities dealers' self-operated accounts and 13 securities dealers collected reasonable wealth products to participate in the renewal. With 5036 shares. Among them, the average number of securities companies participating in the offline subscription of new shares of the main board, GEM, and small and medium-sized boards is 3202; the average number of offline shares participating in the new shares of science and technology board is 6,999.
From the perspective of securities firms 'new floating profit, in the first quarter of this year, 41 new shares of the inquiry status of offline institutions were announced. In the current round, a total of 58 securities companies' self-operated accounts and 13 securities firms collected reasonable wealth products to participate in the new sales, with a floating profit of 563 million yuan. Among them, 22 science and technology board new shares were brokers to bring a floating profit of 461 million yuan, accounting for up to 79.07%, and 19 main boards, GEM, and small and medium-sized boards brought a floating profit of 122 million yuan to the brokers.
At the same time, according to the statistics of the flush iFinD data, this reporter found that in the first quarter of this year, among the offline subscription of new shares with data that can be checked, Star Semiconductor (Mainboard) has the largest number of days of on-board transactions, which is 23 days; It is Rockchip (Main Board), with continuous board trading days of 18 days, good product shop (Main Board) continuous board trading days of 15 days, and BOC Securities continuous board trading days of 13 days (BOC Securities sets a record for the highest new board of securities brokers).
In addition, the average share price of the 41 new securities companies participating in offline subscription in the first quarter of this year increased by 136.87%. The stock prices of 14 new stocks rose more than 100%, and the stock prices of 3 mainboard new stocks Star Semiconductor, Rockchip, and Liangpinpu rose more than 400%, which were 784.38%, 442.98%, and 421.85%. The 37th listed brokerage company, BOC Securities, followed closely, with its stock price increasing by 290.31%, and Yuhetian ranked fifth, with its stock price increasing by 285.69%. At present, of the 14 new stocks that have doubled in price, 8 are from science and technology board, including Jiete Bio, Tebao Bio, Oriental Bio, Yinghantong, China Resources Micro, Youfang Technology, Amethyst Storage, Shengong shares.
At present, the enthusiasm of brokers participating in the new feast is soaring, and many brokers are returning to "playing new teams."
According to the statistics of the "Securities Daily" reporter, since the launch of new rules and regulations offline, the brokerage firms have been continuously updated and the revenue has continuously refreshed the "bottom line". The brokerage firms have withdrawn from all lines of reasonable wealth products until the opening of the science and technology board. The product is gradually returning. In the first quarter of this year, there were 13 securities companies and 13 asset management companies under the securities management company's asset management company participating in the development of new products. Among them, CITIC Securities launched 6 enterprises that engaged in the development of financial products, and CICC had 2 products participating in the development. Guangfa Asset Management, Zhejiang Merchants Asset Management, Zhongtai Securities, Shenwan Hongyuan, and Bohai Securities all have 1 product to participate in the development of new products.
Specifically, 13 securities firms have collected reasonable wealth products to participate in this year's new distribution and allot 3735 shares, floating profit 75.94 million yuan.
About 80% of brokers' new profits are from the science and technology board, and open source securities analyst Sun Jinxuan believes that "the innovation of the science and technology board will no longer allow individuals and non-professional institutional investors to participate, and at the same time, the barriers to entry for private equity funds will be significantly increased. The number of qualified C investors has decreased significantly. As of the end of March 2020, the average number of investors who participated in the inquiries under the science and technology board network and provided valid quotes was 320, which was far lower than the main board / small and medium board / GEM ( (More than 2,000). At the same time, offline placements are tilted towards A and B investors, thus achieving a relatively balanced final bid winning rate for A, B, and C investors (0.16%, 0.14%, and 0.13%, respectively).
In addition, the science and technology board uses a more market-based inquiry mechanism, such as PE, PS, discounted cash flow, market value / research and development costs, and other valuation methods. The pricing is closer to the company's fair value. The market-based inquiry mechanism also increases the difficulty of quoting, and places higher requirements on the professional capabilities of offline investors. Judging from the statistical results, the effective quotation ratio for offline purchases of the main board / small and medium-sized board / GEM is close to 100%, while the average for science and technology board is only 86%. "(Securities Daily)