The company is a high-tech enterprise specializing in the research and development, production and sales of fine chemical products, the main products are chemical product intermediates, the product range is rich, according to the downstream application field can be divided into hair dye raw materials, special engineering materials monomer, plant protection materials, etc., mainly used in the production of hair dyes, special engineering plastics, high-performance fibers, plant protection products, etc., widely used in cosmetics, automobiles, aerospace, military, plant protection and other industries.
The company began to subscribe on December 18 and issued **168 yuan shares, market value 29 before issuance6.8 billion, with a price-to-earnings ratio of 2637 times, the industry P/E ratio is 1467 times, belonging to the main board of the Shanghai Stock Exchange, the sponsor is Anxin**.
From 2020 to 2022, the company's revenue was 643.6 billion, 701.2 billion, 830.8 billion, with a year-on-year increase of 1848%；The net profit was 80.55 million, 90.27 million and 153.2 billion, net profit in 2022 increased by 69% year-on-year7%。
The company expects full-year 2023 revenue to increase by -1273%~-3.70%, net profit increased by 6 percent year-on-year20%~19.47%, deducting non-net profit increased by 9% year-on-year29%~22.62%。
According to the 2022 annual report as an example, among comparable companies in the same industry, excluding losses, from the perspective of dynamic price-earnings ratio comparison, Dinglong Technology's valuation is still reasonable.
Subscription Strategy:
The company's operation is relatively stable, and its performance has maintained growth every year, with a year-on-year increase of 69% in net profit in 20227%, and the company expects to increase its performance in 2023. The company's issued price-to-earnings ratio is 2637 times, the industry P/E ratio is 1467 times, among comparable companies in the same industry, the valuation of Dinglong Technology is still reasonable. The company is not large, with a total market capitalization of 395.7 billion, with a circulating market value of 98.9 billion, the issue price is only 168 yuan is not expensive. The recent new shares are good, the overall valuation of the new shares issued is also reasonable, the subscription level is assured to subscribe, and I plan to participate in the subscription!
New stock subscription level: rest assured to subscribe》 Cautious subscription》 My remarks on giving up the subscription only represent personal views and do not constitute any investment basis. Follow me: Xiao San Lao Yu.
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