May 20, 2024

Private enterprises listed in the A-share market, National Star Optoelectronics listed on the market today

Foshan LED Leading Enterprise Co., Ltd. (002449) will hold a listing ceremony in Shenzhen today, becoming the first listed company in Chancheng District this year, and will become the second A share in Foshan this week. The private sector of the market, the development of Foshan plate began to accelerate. So far, Foshan has 26 listed companies. According to Foshan Financial Industry Development Plan (2008-2015), Foshan strives to reach 100 listed companies by 2015.

Guoxing Optoelectronics' profit in March rose sharply

It is reported that the issue price of the initial public offering of A shares of Guoxing Optoelectronics is determined to be 28 yuan / share, corresponding to a price-earnings ratio of 53.85 times. The number of issuance is 55 million shares, and the total amount of funds to be raised is 504 million yuan. It is mainly used to invest in new surface mount LED technology transformation projects, power LED and LED light source module technology transformation projects, LED backlight technology transformation projects and semiconductors. 4 key technologies and industrialization of lighting fixtures.

Guoxing Optoelectronics Co., Ltd. is mainly engaged in R&D, production and sales of LED devices and components. It is one of the top three LED packaging companies in mainland China and the largest SMD LED (Surface Mounted Light Emitting Diode) packaging company (excluding foreign-funded enterprises). . From 2004 to 2006, the domestic market share of the company's SMD LED products was 17.86%, 22.27%, and 34.00%, respectively.

With the LED industry hot, LED business operations continue to improve, Guoxing Optoelectronics from January to June 2009 attributable to the parent company's net profit of 49.111 million yuan, and preliminary estimates, the company expects 2010 1-6 The net profit attributable to owners of the parent company increased by 30%-60% compared with the same period of the previous year.

Yesterday, National Star Optoelectronics announced the "Public Announcement of Initial Public Offerings" revealed that the company actively explored the display market, making the sales of TOP LED ((Top Light Emitting Diode) products in SMD LEDs grow faster. This also helped this year. In the first three months, Guoxing Optoelectronics realized operating income of 177,737,700 yuan, a year-on-year increase of 25.85%; net profit attributable to issuer shareholders was 3,205,490 yuan, an increase of 52.51%; net profit after deducting non-recurring gains and losses was 30,43,300 yuan, a year-on-year increase 49.54%.

13 years of 13 Buddhist companies listed on financing more than 25 billion

“From 2007 to now, 13 new listed companies in Foshan have been doubling in the past three years, and the number has increased by more than 25 billion yuan, including the securities market of the main board, small and medium-sized board, GEM, H shares, B shares, S shares and red chips. The Foshan plate has taken shape and formed a complete listing echelon of more than 90 listed companies. The relevant person in charge of the Foshan Municipal Financial Work Bureau said that in recent years, the Foshan Municipal Party Committee and the Municipal Government have attached great importance to the cultivation and development of the capital market. The listing strategy of “multi-channel, multi-form, multi-market promotion” determines the idea of ​​“listing a batch, applying for a batch, reserve a batch, and cultivating a batch”, adopting both domestic and overseas, main board, small and medium-sized board, and GEM. The policy has actively promoted the restructuring and listing of enterprises, vigorously cultivated the listed reserve resources, and achieved remarkable results.

According to reports, Foshan will continue to promote the listing of a number of high-quality enterprises on the basis of summing up the successful experience of the previous stage, and intensify efforts to promote the implementation of the “Foshan Financial Industry Development Plan (2008-2015)” to strengthen the group of listed companies in Foshan. Strength, strive to reach 100 listed companies in 2015, financing 50 billion yuan, and strive to enlarge and strengthen the "Foshan plate" of the securities market, further expand the financing channels of enterprises, foster high-quality private enterprises, and promote the optimization and upgrading of the industrial structure.

Guoxing Optoelectronics will become the first listed company in Chancheng this year. In this regard, the relevant person of the Chancheng Financial Office said that in recent years, the enthusiasm of the enterprises in the region to use and develop the capital market has been rising, and the listing momentum is good. On March 31, 2008, Foshan Xingfa Aluminum Holdings Co., Ltd. was successfully listed on the Hong Kong main board. Together with Guoxing Optoelectronics, there are currently 6 listed companies, and a listed reserve echelon with more than 20 companies has been formed.

The person in charge said that the Chancheng District Government has formulated a series of support policies to promote the listing of enterprises, and implemented a phased total of 1 million yuan in bonuses for enterprises registered in Chancheng District and successfully realizing domestic or overseas listing. At the same time, through the establishment and improvement of the district leadership linkage system, the opening of a “green channel” for the restructuring of enterprises in the region, the implementation of special personnel regular contact mechanisms for key enterprises, and preferential treatment of relevant approval procedures, etc., so that more outstanding enterprises in the region can With the light of capital, we will illuminate the road of industrial development and achieve growth or transformation by leveraging the capital market.

PE shareholders' book income is less than 3 times

According to the issue price of Guoxing Optoelectronics 28 yuan, the price-earnings ratio is 53.85 times, which is more than 40 times the average of the small and medium-sized board, but lower than the price-earnings ratio of the GEM.

Six brokerage firms predicted the listing price of Guoxing Optoelectronics, with an average price of 28.29 yuan. Among them, the national securities gave a ceiling of 37 yuan, and China Merchants Securities gave a lower limit of 20.8 yuan.

At present, the price-to-earnings ratio of small and medium-sized boards is about 40 times, and Guoxing Optoelectronics exceeds the average level by 53.85 times. Some analysts pointed out that the price-earnings ratio of the small and medium-sized bear market when the bear market is out of the bottom is 20 times. Therefore, the small and medium-sized board may have the possibility of making up the decline, which may affect the trend of Guoxing Optoelectronics in the coming months.

It is understood that Foshan Sigma Venture Capital Co., Ltd., Guangzhou Chengxin Venture Capital Co., Ltd. and Foshan Guorui Investment Co., Ltd. have three PE (risk investment institutions) in the list of shareholders of Guoxing Optoelectronics.

According to reports, in the electronic components industry, the average price-earnings ratio of PE-shared listed companies is about 15-20 times. According to this rough calculation, the income of the shareholders of Guoxing Optoelectronics is less than three times.

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