the original title: the initial meeting rate was 100 for three consecutive weeks after the 125 issue of IPO weekly, and the pace of IPO acceptance resumed. 4 companies welcomed the purchase this week

Source: Daily Economic News

◎ Last week (September 4 to September 10), a total of 9 companies in the-share market were scheduled to start the meeting, and all passed the meeting smoothly. The IPO weekly meeting rate remained at 100 for the third consecutive week.%. Meanwhile, four IPO applications were accepted last week.

◎ This week, four companies in the-share market will welcome subscriptions. Among them, China Research is the world's fourth polyether ether ketone (PEEK) with an annual production capacity of 1,000 tons, and it is also the Chinese company with the largest annual production of PEEK.

With the advent of the comprehensive registration system, more companies have the opportunity to enter the capital market and share development opportunities with investors. For many companies, the journey of A- share IPO is not all smooth. The reporter of "Daily Economic News" took the week as a unit to sort out the IPO meeting last week, whether it was accepted or not, and newly accepted companies, to analyze the value of the company, and to observe the IPO market rhythm and policy trends for readers.

last week (September 4 to September 10, the same below), a total of 9 companies in the-share market were arranged to go to the first meeting, and all passed the meeting smoothly. The IPO weekly meeting rate remained at 100 for the third consecutive week.%.

at the same time, four IPO applications were accepted last week, including the household photovoltaic leader and chingtai anneng, a holding subsidiary of chingtai electric (SH601877, stock price 23.93 yuan, market value 51.449 billion yuan). the number of A- share IPO applications finally got rid of the downturn in the past two months.

This week (September 11 to September 17, the same below), 4 companies in the-share market will welcome subscriptions. Among them, China Research Institute is the world's fourth polyether ether ketone (PEEK) with an annual production capacity of 1,000 tons, and it is also the Chinese company with the largest annual production of PEEK. The main performance indicators of its products are known to have reached the international advanced level.

red list: aneda, supplier of electric drive system for "9 over 9" electric two-wheeled vehicles, met last week

last week, 9 A- share companies welcomed the meeting, including 5 companies such as Meixin Yishen from the Beijing Stock Exchange, 3 companies such as Annaida from the Shanghai and Shenzhen Main Board, and Jun Cheng and Rui from the Growth Enterprise Market. All 9 companies passed the meeting smoothly.

among the above nine companies, aneda is mainly engaged in the research and development, production and sales of electric drive systems for electric two-wheeled vehicles. the products include three series of motors: direct drive hub motor, reduction hub motor and center motor, which are mainly used in electric two-wheeled vehicles such as electric bicycles, electric assisted bicycles, electric motorcycles, electric scooters, etc.

according to the prospectus (the previous draft), aneda's domestic market share in the direct drive hub motor market will be 7.06, 7.80 and 7.23 respectively in each year from 2020 to 2022. In the market of mid-mounted motor and reduction hub motor products, aneda's market share in Europe is 4.87, 8.78 and 8.08 respectively.

aneda said that compared with competitors such as Bafang shares (SH603489, stock price 56.78 yuan, market value 9.546 billion yuan), the company has strong system integration capability. at the same time, it is one of the few enterprises in China that have independent production and comprehensive supporting capability of electric drive system products for electric two-wheeled vehicles, such as direct drive hub motor, center motor, reduction hub motor, controller, sensor, instrument, etc.

In terms of performance, for each year from 2020 to 2022, Anada's operating income was $0.769 billion, $1.18 billion and $1.398 billion, and its net profit attributable to its parent (whichever is lower after deducting non-recurring gains and losses) was $75.8909 million, $0.124 billion and $0.151 billion, respectively. However, in the first three quarters of 2023, Anda's operating income is expected to grow 1.64 to 5.13 percent year-on-year, and non-net profit is expected to fall 16.84 to 24.02 percent year-on-year.

Huang Bang: Last week, 8 companies voluntarily withdrew IPO alkali throwing additive head enterprise Topang Xinneng failed

last week, a total of 8 companies were included in the "yellow list", including 8 companies such as Topang Xinneng and Jucheng Technology, which voluntarily withdrew their IPO projects.

among the above eight companies, topang xinneng, which previously planned to be listed on the gem, is mainly engaged in the research and development, design, production and sales of wet additives for photovoltaic applications. the main products include alkali polishing additives for crystalline silicon solar cells, texturing additives, cleaning additives, etc., which are applied to the cleaning, texturing, etching and polishing links in the preparation process of solar cells.

the reporter noticed that the exchange's audit inquiry letter had noticed that from 2020 to 2022, the gross profit margin of alkali throwing additives for Topang Xinneng's main products was 86.45, 78.38 and 77.21 respectively, while its competitor Shichuang Energy (SH688429, stock price 26.30 yuan, market value 10.52 billion yuan) had 61.69, 61.62 and 51.61 respectively. As for the gross profit margin higher than that of Shichuang Energy, Topang Xinneng said that it was because the company had a deeper understanding of the performance of advantageous products and selected raw materials with more suitable cost performance. The cost of the company's alkali throwing additive was better than that of Shichuang Energy.

at the same time, jingke energy (SH688223, share price of 10.15 yuan, market value of 101.5 billion yuan) in November 2021 to topang new energy, and between 2020 and 2022, topang new energy to jingke energy sales revenue increased significantly, each year to jingke energy revenue accounted for 0, 4.34, 15.20. In response, Topang Xinneng said that Jingke Energy increased the purchase amount of photovoltaic additives to the company due to the increase in downstream demand in the photovoltaic industry. Topang Xinneng also said that there was no situation in which the company changed from supplier to main supplier due to the participation of Jingke Energy's related parties.

this week, seven companies welcomed the meeting of pigeon technology and were battled by competitors' patent lawsuits

this week, seven companies in the-share market welcomed the first meeting, namely, Xuchang intelligence and other three companies from the north stock exchange, Jiang Shun technology and Zhuhai Saiwei of Shenzhen main board, the great wall stirring of GEM, and the pigeon technology of Kechuang board.

Among the above seven companies, Lingge Technology is mainly engaged in the research and development, production and sales of automated material handling system equipment such as metering, mixing and conveying, including automated material handling systems and stand-alone equipment.

The prospectus (draft) shows that from 2020 to 2022 and the first half of 2023, the operating income of Lingge Technology will be 0.147 billion yuan, 0.21 billion yuan, 0.325 billion yuan and 0.165 billion yuan respectively, and the net profit after deduction will be 20.1802 million yuan, 17.986 million yuan, 37.8812 million yuan and 12.0256 million yuan respectively.

From 2020 to 2022 and the first half of 2023, the research and development expenses of Lingge Technology are only 6.1439 million yuan, 8.9724 million yuan, 10.1825 million yuan and 5.699 million yuan respectively, accounting for 4.18 percent, 4.27 percent, 3.14 percent and 3.45 percent of operating income respectively, showing a downward trend overall.

It is worth mentioning that in January this year, competitor Jin Yinhe believed that a "hybrid device" with the same or equivalent technical structure as its utility model patent produced and sold by Lingge Technology was suspected of infringing its utility model patent., To engage in a "litigation war" with Lingge Technology ". According to the prospectus, as of the date of signing the prospectus, the above-mentioned cases are still in the second instance stage, and there is a certain degree of uncertainty in the outcome of the case.

In addition, there is a certain seasonality in the revenue of Lingge Technology, which accounted for 38.59, 35.29 and 51.81 percent of revenue in the fourth quarter of 2020-2022, respectively. In response, the exchange had asked Pigeon Technology to verify the accuracy of the fourth quarter revenue recognition point.

4 companies this week ushered in the purchase of polyether ether ketone leading research shares value geometry?

last week, four companies were listed in the IPO market, including two companies from gem, c Minsheng Jian (SZ301507, stock price 25.53 yuan, market value 9.103 billion yuan), n zhongjuxin-U(SH688591, stock price 14.61 yuan, market value 21.583 billion yuan) from sco board, and liwang shares from the north stock exchange (BJ831627, stock price 8.41 yuan, market value 0.765 billion yuan). Three of the four new shares more than doubled on the first day of listing, with Liwang, the lowest gainer, up 87.17 per cent on the first day of listing, and C Minsheng Health, the highest gainer on the first day of listing, reaching 227.80 per cent.

Last week, the-share market added 4 IPO acceptance companies. Among them, Chint Anneng, which is to be listed on the main board of the Shanghai Stock Exchange, is a holding subsidiary of Chint Electric and a leading photovoltaic company for household use. The IPO is to raise 6 billion yuan.

this week, four companies in the-share market, including China Research and Development Corporation and Wanbang Pharmaceutical, will welcome applications.

China Research, which is to be listed on the board, is mainly engaged in the research and development, production and sales of polyether ether ketone (PEEK), the main product is PEEK in the form of resin, downstream applications include electronic information, transportation, high-end manufacturing and other cutting-edge areas.

From the perspective of technical level and product competitiveness, China Research Institute said that the main performance indicators of the company's products have reached the international advanced level, filling the domestic gap. In the field of large-scale industrial production, the company's PEEK industrial production technology is at the leading domestic level. In terms of business scale, China Research is the world's fourth PEEK company with an annual production capacity of 1,000 tons after Wiggs in the UK, Solvi in Belgium and Evonik in Germany. It is currently the Chinese company with the largest annual production of PEEK and the company with the largest sales volume in the Chinese market.

In terms of performance, for each year from 2020 to 2022, China Research's operating income was $0.158 billion, $0.203 billion and $0.248 billion, and net profit after non-profit was $23.6942 million, $47.1845 million and $53.5696 million, respectively. In the first three quarters of this year, China Research's operating income is expected to grow 17.36 to 34.12 percent year-on-year, and the year-on-year change in net profit after non-profit is expected to be -0.69 to 22.23 percent.

China Research Institute said in its prospectus that with the rise of high-tech industries represented by semiconductors, new energy vehicles and large commercial aircraft, the demand for high-performance materials in the process of industrial upgrading is expected to continue to grow, and PEEK materials will also have a lot of room for development.

interesting group delivery table hkex occupies the third largest market share of domestic fast consumer goods AIoT marketing

Last week, Qunabox Group Limited (Interesting Group) submitted a listing application to the Hong Kong Stock Exchange. According to the prospectus, Fun Group, established in 2013, is a provider of artificial intelligence Internet of Things (AIoT) marketing solutions, providing services for fast consumer goods brands through the use of intelligent terminals. As of June 30, 2023, the Group operated 6018 smart terminals in 22 cities across the country.

according to the data of burning knowledge consulting, according to the revenue calculation in 2022, interesting group is the third largest provider of AIoT marketing solutions for fast consumer goods in China, with a market share of about 3.5.

In terms of performance, from 2020 to 2022 and the first half of 2023, the operating income of the group was 0.365 billion yuan, 0.502 billion yuan, 0.554 billion yuan and 0.364 billion yuan respectively; the adjusted net profit was 0.03 billion yuan, 0.052 billion yuan, 0.078 billion yuan and 0.054 billion yuan respectively.

Prior to this, the group went through several rounds of financing, of which Junlian Capital through its Shanghai Junna took about 9.05 percent of the shares, is the single largest external shareholder of the group.