Today, the most expensive new shares in the history of all the most expensive new stocks will be listed on the book, the issuance price is 557.8 yuan, and the collection bid is directly opened directly high. After the opening, the opening is rapidly raised to more than 800 yuan, the maximum increase is 47%.
At 9:55 am triggered temporary suspension, the change rate reached 43%. If the calculation is sold according to the highest price of 824 yuan, the Hemei shares rose 266.2 yuan per share, and one sign can be profitable of 133,100 yuan.
Previously, due to the higher distribution price and P / E ratio, He Mai shares were discarded. Online investors gave up the number of subscriptions of 6,51387 million shares, and online investors waited from the subscription amount of 363 million yuan. The amount of the abandonment creating a new amount of discards from the curative board, and also refreshed the third abandonment record in the history of A shares.
It is worth noting that the main manager of this Hemei shares is a CITIC Securities. According to the underlying underwriting method, CITIC Securities requires the new shares of 363 million yuan to be discarded. Selling calculations with 824 yuan, CITIC Securities can earn 17.3 billion yuan.
The performance in the same industry company is large, among them, the sun power, GuDE, Jinlang technology have fallen over 6%.
From the prospectus, it can be seen that since its establishment, since its establishment, it mainly engages in power conversion equipment and electrical equipment such as photovoltaic inverters, as well as the research and development, manufacturing and sales of related products. Inverters, the world’s leading solar miniature inverter supplier Enphase, the global market share of the micro-inverter is about 20-25%, and the company’s market share is about 1%. .
In the world’s global inverter shipments, Sunshine Power shipments account for approximately 10-15% of the 2019 global shipments, and it can be electrically connected, and the proportion of Jinlang Technology shipments is about 5. %, But the ratio of GuDEW goods is approximately 3%, and the company’s modular inverter shipments are less than 1%.
What to pay attention to, Sunshine power supply launched modular inverters in June 2021, company modular inverter products may face more direct competition in the future.
Electrical sets of equipment, only considering the A-share electrical equipment industry listed company, its 2020 total income has exceeded 1 trillion yuan, and the company’s domestic overall market share is less than 1%.
In addition, according to the company’s official website, the white cloud appliance, the Great Wall electrical electrical equipment is 252kV, and the company is 40-50kV. The company has a certain disadvantage in the market competition in the market competition in the high voltage level.
According to the information, from January to September 2021, the company achieved business income of 506 billion yuan, an increase of approximately 65.94% from 2020, and the net profit belonging to the shareholders of the mother company was 121 million yuan, an increase of 85.99% year-on-year. After deducting non-regular profit or lossThe net profit of the shareholders of the parent company was 117.8 million yuan, an increase of 90.51% year-on-year.
The company expects operating income in 2021 to approximately 70-78 billion yuan, an increase of approximately 41% to 58% from the same period last year. It is estimated that in 2021, it is estimated to belong to the net profit of the mother’s shareholders 1.8-21 billion yuan, the same period last year is 104 million yuan, a year-on-year increase of about 73% to 102%.
Due to the expansion of the company’s sales channel, the increase in company income is rapidly increased by the increase in demand for downstream customers. At the same time, the company’s products still maintain a good profit level, which leads to an increase in overall profitability increases over the same period last year.
At present, the company has become one of the manufacturers of technical and market advantages in the field of micro-inverter subdivision, and there are many regions such as America, Europe, Asia. The company’s micro-inverter power density, power range, conversion efficiency, stability and environmental adaptivity are among the best in the same type of products.
In the field of micro inverters, the company has formed a series of original proprietary technologies after many years of technology research and development. The technology has a conversion efficiency, higher power density, a broader power range comparable to Enphase, has the strength of competition with industry leading enterprises enphase.
From January to June 2018, the company’s main business gross profit margin was 31.40%, 41.75%, 42.00%, 43.44%, of which the micro-inverter gross profit margin was 44.39%, 48.82%, respectively. 56.15%, 55.41%.
During the reporting period, the company’s micro-inverter gross profit margin showed an upward trend, compared to the sales gross profit margin in the territory of the same industry, and the ShaMan shares were higher than the same industry level.
The company’s earnings shall be based on the total share of the 20020 net profit by the total share capital of this issue. This release price is 225.94 times, which is much higher than the industry comparable to the company average P / E ratio 134.49.
In the results of the company, 2021, the net profit of returning to the year can reach 1.8-21 billion yuan, and the average value of the agency forecast is 195 billion yuan, and the earnings per share is 4.8 yuan. . In the short term, if the industry can be 134.49 times compared to the company, a reasonable share price is 647 yuan.
However, based on the current development of the Cememount Revenue, with the development of the product application, the company’s product market share is expected to continue to improve.
As of 11:30, the share price received 751.35 yuan, the increase of 34.7%, as a new share of a new share of the most recent market, this premium is still normal. As for the follow-up trend, it is necessary to combine the market capital emotions.