Home Business Is 889639 Chenguang Cable worth IPO? What is the IPO price? -Stock city stock

Is 889639 Chenguang Cable worth IPO? What is the IPO price? -Stock city stock

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Is 889639 Chenguang Cable worth IPO? What is the IPO price? -Stock city stock

According to the latest news, the North Exchange application materials of Chenguang Cable were accepted on December 30, 2021, entered the inquiry stage on April 12, 2022, passed the meeting on June 1, and submitted materials to the China Securities Regulatory Commission on June 2. , the purchase price is 4.30 yuan. So, is 889639 Chenguang cable worth a new one? Let’s take a brief look at it.

Can Chenguang cable be renewed?

Chenguang Cable has been committed to the research and development, production and sales of wires and cables since its establishment, specializing in the production of ultra-high voltage and high-voltage power cables of 500kV and below, medium and low voltage power cables, equipment wires and cables, and overhead insulated cables. Up to now, the company has obtained 18 national invention patents and 21 utility model patents. In terms of technology research and development, the company has established a national-level skill master studio and a provincial-level post-doctoral workstation.

From 2019 to 2021, the revenue of Chenguang Cable was 1.896 billion yuan, 1.984 billion yuan, and 2.115 billion yuan respectively; the net profit attributable to the parent was 53.3831 million yuan, 50.0560 million yuan, and 60.5668 million yuan, respectively. Revenue and net profit in the past three years All showed a steady development trend. Judging from the current situation, it is still possible to consider participating in the subscription. Warm reminder: The stock market is risky, and investment needs to be cautious!

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