Nova Nebula (301589) officially landed on the GEM of the Shenzhen Stock Exchange today, with an issue of 12689 yuan shares, P/E ratio 2193 times, Minsheng ** is its exclusive sponsor. It is worth noting that Nova Nebula has become the first new stock with an issue price of more than 100 yuan this year.
According to the prospectus, Nova Nebula focuses on the research and application of core algorithms for display control, providing users with professional software and hardware integrated solutions. During the reporting period, the company's main products include LED display control system, processing system and cloud-based information release and management system. The LED display control system is the core component of the LED display.
During the reporting period, Nova Nebula Services had more than 4,000 customers around the world, and the main customers included LED industry leaders such as Leyard, Unilumin Technology, Absen, Qiangqiang Jucai, and Lianjian Optoelectronics, as well as security industry leaders such as Hikvision and Dahua.
At the opening of the day, the Nova Nebula rose 19080%, at 369 yuan shares, market value 1895.2 billion yuan.
Synthesis |Prospectus **Times Editor| arti
This article is for informational purposes only and does not constitute any trading advice
Since its establishment in 2008, Nova Nebula has been focusing on the research and development of integrated solutions for LED display control. Adhering to the business philosophy of "specialization and refinement", the company has always been committed to providing all-round and efficient hardware and software solutions to meet the needs of customers in different application scenarios.
According to the latest public prospectus, Nova Nebula's main business has been extended to LED display control system, processing system and cloud-based information release and management system.
Nova Nebula has a prominent position in the industry. During the reporting period, Nova Nebula Services had more than 4,000 customers around the world, and the main customers included LED industry leaders such as Leyard, Unilumin Technology, Absen, Qiangqiang Jucai, and Lianjian Optoelectronics, as well as security industry leaders such as Hikvision and Dahua.
Since 2019, Nova Nebula products have been used in large-scale events such as the 2019 celebration of the 70th anniversary of the founding of the People's Republic of China, the 2019-2022 ** TV Spring Festival Gala, the 2021 celebration of the 100th anniversary of the founding of the Communist Party of China, and the 2022 Qatar World Cup.
In February 2022, Nova Nebula products were applied to the world's largest LED three-dimensional stage built for the opening ceremony of the Beijing Winter Olympics, and received a letter of thanks from the opening and closing ceremonies of the Beijing Winter Olympics Organizing Committee and the operation team of the National Stadium.
In the screen battle of the 2024 New Year's Day New Year's Eve party just past, Nova Nebula provided full-link display and control solutions for CCTV and many satellite TV parties, with cutting-edge innovative technologies such as 8K ultra-high definition, XR, and naked-eye 3D, so that the stage showed a full sense of science and technology.
In recent years, Nova Nebula has achieved rapid development. According to the prospectus, from 2020 to 2022, Nova Nebula will achieve operating income of 98.5 billion yuan, 158.4 billion yuan, 21$7.4 billion; Achieved a net profit of 1100 million yuan, 21.2 billion yuan, 30.8 billion yuan (of which 3,720 will be confirmed in 2021 and 2022 respectively.)670,000 yuan, 3827980,000 yuan share payment expenses).
In addition, according to the profit** audit report, Nova Nebula expects to achieve operating income of 304.6 billion yuan, a year-on-year increase of 401%, which is expected to achieve a net profit of 60.4 billion yuan, a year-on-year increase of 1032%。
It is worth noting that among the 11 new stocks launched this year, Nova Nebula is the first new stock with an issue price of more than 100 yuan, and it is also the new stock with the highest issue price this year.
Looking back on its listing process, Nova Nebula successfully passed the GEM IPO in August 2022. On January 23 this year, Nova Nebula officially launched the GEM IPO, planning to issue 12.84 million shares, accounting for 25% of the total share capital after the issuance. According to the prospectus, Nova Nebula has a total share capital of 51.36 million shares after issuance, and the share capital is small, resulting in a higher unit price, but its issue price-earnings ratio is lower than the industry average.
Specifically, Nova Nebula issued **126 this time89 yuan shares, corresponding to the company's diluted price-to-earnings ratio of net profit attributable to the parent company before and after deducting non-recurring gains and losses in 2022 is 2193 times, which is lower than the average static P/E ratio of 3002 times; This is lower than the average static P/E ratio of 37 for comparable companies' net profit attributable to shareholders of the parent company in 2022 after deducting non-recurring gains and losses80 times.
In this IPO, Nova Nebula originally planned to raise 108.5 billion yuan, according to the issue price of 12689 yuan shares, net proceeds of 150.5 billion yuan will be used to invest in the construction of Nova optoelectronic display system industrialization research and development base, ultra-high-definition display control and processing technology center, information system upgrading and construction, marketing network and service system upgrading and other projects.