The GEM registration system has 18 companies waiting to be launched

　　The first batch of companies will be listed on August 24th, and 　　18 companies have come to the GEM registration system, waiting to be launched 　　On August 14, the Shenzhen Stock Exchange announced that the first batch of companies under the GEM registration system will be listed on August 24. It is understood that under the GEM registration system, 18 IPO companies have completed the issuance...

　　The first batch of companies will be listed on August 24th, and
　　18 companies have come to the GEM registration system, waiting to be launched

　　On August 14, the Shenzhen Stock Exchange announced that the first batch of companies under the GEM registration system will be listed on August 24. It is understood that under the GEM registration system, 18 IPO companies have completed the issuance of new shares, waiting for the moment of listing.

　　18 companies raised 1.1 billion on average

　　The first batch of 18 companies are widely distributed, from 13 provinces, municipalities and autonomous regions. Among them, Guangdong Province has the most companies with 3 companies. Followed by Zhejiang Province, Jiangsu Province, and Anhui Province, each with 2 companies. In addition, Beijing, Tianjin, Sichuan, Shaanxi, Hunan, Hubei, Hebei, Fujian, and Tibet Autonomous Region each occupy one seat.

　　From the perspective of industry distribution, according to the industry classification of the China Securities Regulatory Commission, 18 companies cover industries such as special equipment manufacturing, pharmaceutical manufacturing, culture and art, automobile manufacturing, and ecological protection. The top four industries are computer communications manufacturing (3 companies), special equipment manufacturing (3 companies), pharmaceutical manufacturing (2 companies), and ecological protection (2 companies).

　　In terms of financing, the first batch of 18 companies originally planned to raise a total of 15.682 billion yuan, and the final fundraising amount reached 20.06 billion yuan. Among them, the highest amount of funds raised was Anker Innovation's 2.719 billion yuan, and the lowest was Kapi billion's 259 million yuan. The average amount of funds raised by 18 companies was 1.115 billion yuan.

　　From the perspective of sponsors, the number of sponsors by leading brokerages is leading. CITIC Construction has sponsored 3 companies, followed by CICC and China International Finance Securities, with 2 sponsors each.

　　The average net profit last year was 167 million yuan

　　In terms of listing standards, the first batch of 18 companies all adopted the indicator of "the net profit in the last two years has been positive, and the cumulative net profit is not less than 50 million yuan."

　　In total, the profitability of the first batch of 18 companies is not small. The data shows that the average revenue of the aforementioned companies in 2019 was 1.074 billion yuan, and the average net profit was 167 million yuan. Among them, Anker’s innovation revenue is the most eye-catching. The operating revenues from 2017 to 2019 were 3.903 billion yuan, 5.232 billion yuan and 6.655 billion yuan respectively. It is the only company with a three-year revenue exceeding 3 billion yuan, among 18 companies Leading ranking.

　　Looking at revenue in 2019, Eurofins is closely followed, which achieved revenue of 1.313 billion yuan last year. In addition, companies with revenues of over 1 billion yuan last year included Meichang shares and Tianyang Technology.

　　From the observation of the compound growth rate of operating income in the past three years, Fengshang Culture has reached a maximum of 110.3%. Fengshang Culture takes creative design as its core business, and its business scope covers creative, design and production services in various fields such as large-scale cultural performing arts activities, cultural tourism performing arts, landscape art lighting and performing arts. Followed by Jieqiang Equipment (90.79%) and Nanda Environment (50.56%).

　　In terms of net profit indicators, 11 of the 18 companies have a net profit of more than 100 million yuan in 2019, and the highest is still Anker Innovation, with a net profit of 721 million yuan last year. In addition, Meichang shares and Fengshang Culture last year had net profits of 408 million yuan and 254 million yuan respectively, followed closely by them.

　　In terms of growth rate, Blue Shield Optoelectronics has achieved a compound growth of 118.38% in net profit in the past three years, followed by Fengshang Culture at 116.9% and Jieqiang Equipment at 101.28%. There are also 7 companies with a compound growth rate of over 50% in net profit over the past three years.

　　Investors earn up to 150,000 in one lottery

　　From the observation of the issue price, among the first batch of 18 companies under the GEM registration system, the highest price was 138.02 yuan of Fengshang Culture, and the lowest was 10.16 yuan of Kangtai Medicine. In terms of issuance price-earnings ratio, the average value of the 18 companies is 39.25 times, the highest is Kangtai Medical (59.74 times), and the lowest is Kappel (19.08 times). The average online subscription rate of the 18 companies that have been issued is 0.0177%. In terms of online subscription multiples, Jieqiang Equipment is as high as 7461.53 times, and Shengyuan Environmental Protection is the lowest at 4626.12 times.

　　Some brokerage companies have combed the return on new stocks listed on the ChiNext since 2019, and their average increase of 218% on the board. Based on this calculation, among the 18 starting companies, the first lottery of Fengshang Culture with the highest issuance price will make more than 150,000 yuan, and the first lottery of Kangtai Medicine with the lowest issuance price will also make 11,000 yuan.

　　According to the special regulations on GEM trading, under the GEM registration system, there will be no rise or fall in the first 5 trading days of newly listed stocks, and then the rise and fall limit will be adjusted from the current 10% to 20%.

　　Senior investment banker Wang Jiyue said that he did not pay much attention to the performance of the 18 new stocks on the first day. The 800 old GEM stocks should be the focus of that day. The greatest significance of the GEM reform is the reform of the stock market, not the IPO.

　　In addition to new stocks, more than 850 stocks on the GEM will be included in the trading range of 20% increase and decrease.

　　Market participants pointed out that the first day of implementation of the 20% rise and fall will be relatively stable, but in the long run, the market's rise and fall will become more rapid and violent, which is a test for investors.

　　Considering the characteristics of the first batch of companies listed on the Sci-tech Innovation Board, the first-day turnover of the Sci-Tech Innovation Board was relatively hot, with a turnover exceeding 48.5 billion yuan, an average increase of 140% throughout the day, and a turnover rate of over 77%. In the five trading days before the listing of new stocks on the ChiNext, it is expected to continue the stable start of the Science and Technology Innovation Board under the background of no restrictions on the price increase or decrease.

　　Text/Reporter Liu Shenliang　

The GEM registration system has 18 companies waiting to be launched

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