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Since the subscription risk and breakage rate of the Beijing Stock Exchange are much higher than those of the Shanghai and Shenzhen stock exchanges, they will be pushed separately through the backup number for the reference of investors who need and are willing to bear certain risks.
The following is the guide to the subscription of new shares on the Beijing Stock Exchange.
Element 1: Comparable industries and firms.
Look at the business scope of the enterprise, judge the subordinate industry, and select comparable companies with a large degree of similarity, and it is of course the most convenient to have ready-made things.
Element 2: issuance** and issue price-to-earnings ratio.
Referring to the recent breakage, the higher the stock price, the greater the risk of breakage, which is not very important.
Under the registration system, the pricing and valuation of new shares tend to be more market-oriented, and the value of any enterprise cannot get rid of industry fundamentals and corporate fundamentals, so the price-earnings ratio is an absolute key element in the analysis of new shares.
Excellent companies can indeed obtain higher valuations than the industry with their above-industry growth, so the third step to screen is growth.
Element 3: Performance.
Has the company's revenue and profit grown steadily or declined year by year?Whether there is a large fluctuation, if there is a large fluctuation, it is necessary to consider whether there is a suspicion of adjusting the statement for listing and valuation.
Element 4: Industry heat.
It is undeniable that in addition to the fundamentals, the influence of the emotional side is also very important in the issuance of new shares, especially for some hot tracks, the willingness to speculate on funds is also higher, so this part of the analysis will also be comprehensively increased appropriately, of course, everything still has to start from the fundamentals.
The full name is "Laisai Laser Technology Co., Ltd.", the main business is the research and development, production and sales of products in the field of laser measurement and intelligent positioning.
The company's main products can be divided into three series: building laser positioning, engineering laser intelligent positioning, laser measurement and sensing products, and the basic information of the products is as follows
a, Architectural laser positioning.
As a professional laser instrument, the building laser positioning series products mainly include laser line markers and digital levels, which are widely used in scenarios such as building construction and interior decoration, and different types of products can provide different construction benchmarks for various construction processes to meet the requirements of the construction site.
b, engineering laser intelligent positioning.
Engineering laser intelligent positioning series products include laser leveling instrument, laser controller, laser detector, satellite navigation and positioning system, etc.
This series of products is suitable for automatic control of mechanical parts of construction machinery in large-scale excavation and subgrade leveling scenarios, or for agricultural drainage and land leveling machinery, providing a fast and accurate level reference for automatic leveling of the ground, and providing an overall solution for intelligent machinery control and precision agricultural measurement and positioning.
c. Laser measurement and sensing.
Laser measurement and sensing series products mainly include laser rangefinders, measuring instruments, pipeline meters, which are used in interior decoration, surveying engineering, construction engineering and other scenarios, and can also be applied to hydrological waterway surveying, power forestry surveying.
d, Miscellaneous. Other products are mainly related accessories of laser instruments and equipment. Accessories include tower rulers, laser light sources, tripods, etc., which are mainly used with measuring instruments and equipment such as laser levelers and laser line markers.
The operating income mainly comes from architectural laser positioning, accounting for about 70% of the revenue.
The corresponding industry is the instrument manufacturing industry, and the comparable listed companies are Unilead (688628), Greatstar Technology (002444), and Jiuzhiyang (300516).
The lead underwriter is Guotai Junan**, and the total number of online issuances is 1533330,000 shares, issued **728 yuan, issue price-earnings ratio of 1671。
The online subscription limit is 91040,000 shares, and the funds required for the top grid subscription are 662770,000 yuan, the freezing date of online subscription funds is 2023-12-19 (Tuesday), and the refund date of online subscription funds is 2023-12-20 (Wednesday).
Revenue in 2022 is 251,780,00812 yuan, revenue in 2021 is 265,109,49125 yuan, revenue in 2020 203,694,65958 yuan, with a compound annual growth rate of 1118%；
In 2022, the net profit deducted from non-attributable to the parent company was 33,391,50984 yuan, and the net profit deducted from the non-attributable parent in 2021 was 32,653,08772 yuan, and the net profit deducted from the non-attributable parent in 2020 was 27,356,15862 yuan, with a compound annual growth rate of 1048%。
In terms of specific gross profit margins, the gross profit margins of the main business from 2020 to the first half of 2023 are: 98% and 2975%。
Compared to comparable companies, it is at an average level.
From the perspective of the company's fundamentals, the industry concept is okay, and the performance is also okay.
From the perspective of issuance, the issuance ** is average, and the issuance price-earnings ratio is slightly higher.
There are currently no other new listings on the BSE next week.
New rating: cautious, personal operation: subscription.
Positive, the fundamentals and the development situation are better, and the risk of breakage is small.
Be cautious, there are certain problems with the fundamentals or development conditions, and the risk of breakage is average.
Give up, there are big problems with the fundamentals or development conditions, and the risk of breakage is greater.
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