(Original title: The winning lottery made a huge profit of 390,000? The most expensive new stock of A shares was listed today, and 16 million of funds were abandoned. What signal? These risks need to be vigilant… This star stock was purchased on Thursday)
On August 16, Yiqiao Shenzhou (301047), the most expensive new stock in the history of A-shares, will be listed on the ChiNext of the Shenzhen Stock Exchange.
As one of the most anticipated new shares in 2021, Yiqiao Shenzhou surpassed Stone Technology (issue price 271.12 yuan/share) with an issue price of 292.92 yuan per share, setting a new record for the highest issue price of new A shares.
Since the beginning of this year, 116 new stocks listed on GEM have gained an average first-day increase of 266.65%. If this value is used, the stockholders of Yiqiao Shenzhou in the 1st lottery are expected to earn 390,000 yuan. This new stock is expected to set a new profit record for A-shares. . However, it is worth noting that high-priced stocks are generally accompanied by high returns, but not necessarily accompanied by high increases. Based on the first-day increase of three registered new stocks with an issue price of more than 200 yuan (inclusive), the average increase is 67.19%, which is far Lower than the overall average of new stocks on the ChiNext, Cansino rose the most, only 87.45%.
What’s interesting is that under the expectation of such a high return, there are even investors who have won the lottery and forgot to pay the money for the lottery. This is equivalent to winning the lottery but losing the lottery. According to the announcement, online investors gave up 54565 shares, and the amount they gave up was 15.98 million yuan. These shares abandoned by investors will all be underwritten by the sponsor CITIC Securities.
The new shares of Guomai Culture on the Growth Enterprise Market that will be issued on Thursday (August 19) have also attracted more attention. The company’s controlling shareholder and actual controller Lu Jinbo is the first generation of online writers, well-known publishers, and the net name is Li Xunhuan. It is worth noting that Yi Zhongtian, Han Han and others are not only IP writers bound to Gomai, but also shareholders of Gomai Culture. The list of shareholders shows that Han Han’s mother Zhou Qiaorong directly holds 4.53%, Yi Zhongtian indirectly holds 0.1864%, Zhang Haochen indirectly holds 0.1981%, Li Jihong indirectly holds 0.2796%, and Feng Tang and his wife Huangshan indirectly hold 0.19%.
The most expensive new stock in the history of A shares is listed today
On August 13, Yiqiao Shenzhou disclosed an announcement on the Shenzhen Stock Exchange that the company’s shares will be listed on the Growth Enterprise Market on August 16. After the public issuance, the company’s total share capital is 68 million shares, of which 17 million shares are tradable without selling restrictions, accounting for 25% of the total share capital after the issuance.
Yiqiao Shenzhou’s issue price was as high as 292.92 yuan per share, surpassing Stone Technology in one fell swoop, becoming the most expensive new stock in the history of A shares.
Generally speaking, the higher the issuance price of new stocks, the greater the potential for becoming a “big meat sign” after listing. If calculated based on the average increase of 321% on the first day of the 20 ChiNext stocks listed in July, the profit of Yiqiao Shenzhou will be as high as 470,000 yuan; if the average increase of 186.58% on the first day of listing of ChiNext stocks since August is used, the average increase of 186.58% To calculate, the profit of Yiqiao Shenzhou in the first lottery can reach 270,000 yuan.
If the calculation cycle is lengthened, since the beginning of this year, 116 new stocks listed on the GEM have gained an average first-day increase of 266.65%. Using this value, stockholders who win the 1st lottery of Yiqiao Shenzhou are expected to earn 390,000 yuan.
Prior to this, there were 6 stocks with an issue price of more than 200 yuan in the history of A-shares, namely Stone Technology, Foxit Software, Cansino-U, Yongtai Energy, ST Meixun, and Huiyuan Communication. The issue prices were 271.12 yuan, respectively. 238.53 yuan, 209.71 yuan, 200 yuan, 200 yuan, 200 yuan. Among them, the three new stocks with the highest issue price, Stone Technology, Foxit Software, and Cansino, are all sci-tech innovation board stocks that have been listed in the past two years, with single-sign profits of 114,500 yuan, 35,400 yuan, and 91,700 yuan respectively.
Among the registered new shares, XGIMI has the highest revenue from new shares. The issue price of the stock was 133.73 yuan per share, and it closed up by 296.33 yuan per share on the day of listing. The profit of the first signing of the stock was 198,100 yuan; the first day of listing. The highest increase was the Reader Culture, the issue price of the stock was 1.55 yuan per share, the first day’s increase was 1942.58%.
Back to Yiqiao Shenzhou, the winning rate of this new stock is as low as 0.01072%, and the effective subscription multiple is as high as 9328 times. But the strange thing is that even with such a low probability of winning the lottery, there are still investors who won the lottery and forgot to pay the money for the lottery. According to the announcement, online investors gave up 54565 shares, and the amount given up was 15.98 million yuan. These stocks abandoned by stockholders will all be underwritten by the sponsor CITIC Securities.
“Anti-epidemic concept” possessed, net profit surged by 2997% year-on-year
It is worth noting that Yiqiao Shenzhou is an “anti-epidemic concept stock”. The company is a biotechnology company engaged in the research and development, production, sales and technical services of biological reagents. Its main business includes recombinant proteins, antibodies, genes and culture media. And other products, as well as the development of recombinant proteins, antibodies, and biological analysis and testing services.
During the outbreak of the new crown epidemic, Yiqiao Shenzhou developed a series of new crown virus-related proteins, antibodies and other biological reagent products, which were purchased in large quantities by domestic and foreign customers, which brought about the rapid growth of the company’s operating performance.
In 2020, Yiqiao Shenzhou’s revenue was 1.596 billion yuan, an increase of 782.77% over 2019; its net profit was 1.128 billion yuan, an increase of 2969.90% over 2019. After deducting non-recurring gains and losses, net profit attributable to the parent was 1.122 billion yuan, an increase of 2469.65% over the previous year.
In 2020, Yiqiao Shenzhou’s new crown virus-related product revenue was 1.342 billion yuan, accounting for 84.07% of the current operating income. After excluding products related to the new crown virus, the company’s revenue in 2020 will be 254 million yuan, an increase of 40.59% over 2019.
Facing the short-term surge in performance, Yiqiao Shenzhou also pointed out related risks in the prospectus: With the popularization of prevention and control experience, testing methods, and vaccination in various countries, the new crown epidemic may be gradually controlled, and the company’s new crown virus-related product income It may fall back. In 2021, the company’s overall operating income and operating profit levels are at risk of falling by more than 50% compared with the previous year.
Yiqiao Shenzhou’s performance growth decline has begun to manifest. The company predicts that it will achieve sales revenue of 600 million yuan to 700 million yuan from January to June 2021, a year-on-year increase of 21.17% to 41.37%; it is predicted to belong to the parent company from January to June 2021 Shareholders’ net profit was 420 million yuan to 500 million yuan, a year-on-year increase of 25.50% to 49.40%.
In terms of R&D capabilities, from 2018 to 2020, Yiqiao Shenzhou’s R&D investment was 22.366 million yuan, 23.279 million yuan and 26.0591 million yuan, accounting for 16.06%, 12.87% and 1.63% of current operating income, respectively. It can be seen that Yiqiao Shenzhou has not increased its R&D investment due to the skyrocketing revenue in 2020.
However, compared with peer companies, Yiqiao Shenzhou’s valuation advantage is still more obvious, the company’s issuance price-earnings ratio is much lower than the industry average. Yiqiao Shenzhou’s industry is “Research and Experimental Development (M73)” in the “Scientific Research and Technical Service Industry (M)”. As of the close of July 29, China Securities Index Co., Ltd. has released the static status of the industry in the last month The average price-to-earnings ratio is 147.21 times. The issuance price of RMB 292.92 per share corresponds to the company’s 2020 diluted P/E ratio of 17.76 times, which is lower than the “M73 Research and Experimental Development” industry released by China Securities Index Co., Ltd. on July 29. Average static P/E ratio (147.21 times) and average P/E ratio of comparable companies (164.11 times).
Guomai Culture is issued this week, with Yi Zhongtian and Han Han’s mother holding shares
The new shares of Guomai Culture on the Growth Enterprise Market that will be issued on Thursday (August 19) have also attracted more market attention. Guomai Culture plans to issue 18.01 million new shares this time, accounting for 25% of the total share capital after the issuance. The subscription date for the new shares is August 19.
Before Guomai Culture, Reader Culture, which also operated the book publishing business, was listed on the GEM on July 19. The issue price of Reader Culture was RMB 1.55, which surged 1942% on the first day of listing, creating the first day of new stocks on the GEM. Historical record of increase.
Guomai Culture was established in 2012. The company’s main business includes book planning and distribution, digital content business, and IP derivative and operation. The controlling shareholder and actual controller of the company, Lu Jinbo, is the first generation of online writers, well-known publishers, and the net name is Li Xunhuan. He has been called the “troika of online literature” with Ning Caishen and Xing Yusen.
The predecessor of Guomai Culture is Guomai Limited, which was founded in 2012 by Lu Jinbo and Han Han’s mother Zhou Qiaorong. At that time, the registered capital was 3 million yuan, of which Lu Jinbo invested 2.7 million yuan to hold 90% of the shares, and Zhou Qiaorong invested 300,000 yuan to hold 10% of the shares. Afterwards, it experienced a series of equity changes. In December 2017, Guomai Co., Ltd. was changed into a joint stock company as a whole. At that time, Lu Jinbo held 35.25%, Zhou Qiaorong held 6.51%, Jingwei Chuangda held 12.6%, and Bona Pictures held shares. 10%. Later, the joint-stock company completed several capital increases and equity transfers.
In the field of copyright books, Guomai Culture and Yi Zhongtian, Yang Hongying, Han Han, Cai Chongda, Zhang Haochen, Yan Geling, Feng Tang, Dai Jianye, Li Xiaoyi, Xiong Liang, Qingshan, Robert McGee, Rao Xueman, Yang Lan, Frederick Buckman Many writers and scholars, such as Uncle Kai, have established long-term and stable cooperative relations, and have formed a strong competitive advantage in the industry.
As of the end of 2020, Yi Zhongtian’s “History of China” series, Cai Chongda’s “Skin”, Zhang Haochen’s “I and the World Only One You”, Han Han’s “Life as I Understand”, Frederick Buckman’s “Letter of Apology from Grandma”, Book products such as Liz Cremo’s “You Look So Good Today” have sold more than one million copies.
It is worth noting that Yi Zhongtian, Han Han and others are not only IP writers bound to Gomai, but also shareholders of Gomai Culture. The latest shareholder list shows that Han Han, Yi Zhongtian, Zhang Haochen, Li Jihong, Feng Tang’s wife Huang Shan and many other well-known writers or their relatives directly or indirectly hold shares in Guomai Culture. Among them, Han Han’s mother Zhou Qiaorong directly holds 4.53%, Yi Zhongtian indirectly holds 0.1864%, Zhang Haochen indirectly holds 0.181%, Li Jihong indirectly holds 0.2796%, and Feng Tang and his wife Huangshan indirectly hold 0.19%.
In addition, Guomai Culture also participated in the investment in two movies directed by Han Han, “Riding the Wind and Breaking the Waves” and “Flying Life”. The cumulative investment in the two films is 17.2 million yuan and 28 million yuan respectively. From 2018 to 2019, the company’s film investment income was 13.9472 million yuan and 8,178,700 yuan respectively.
From 2018 to 2020, the operating income of Guomai Culture will be 305 million yuan, 384 million yuan and 355 million yuan, respectively. Among them, book planning and distribution revenue accounted for more than 94%. From 2018 to 2020, the company’s net profit attributable to its parent will be 46.32 million yuan, 51.9 million yuan, and 40.89 million yuan. Affected by the new crown epidemic, the company’s operating income and net profit have declined in 2020.
With the gradual relief of the epidemic, the company’s revenue will resume growth in 2021. In the first half of the year, the company achieved operating income of 204 million yuan, a year-on-year increase of 39.73%; comprehensive gross profit margin was 48.78%, a year-on-year increase of 1.64%; net profit attributable to the parent in the first half of the year was 22.89 million yuan , An increase of 69.40% year-on-year.
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