Core Viewpoint - The recent IPO of Kent Catalysts has resulted in significant losses for investors, with the stock price plummeting over 37% within four trading days after its debut, highlighting the volatility and risks associated with new stock offerings in the A-share market [1][5][12]. Company Performance - Kent Catalysts, which specializes in the research, production, and sales of quaternary ammonium compounds, saw its stock price drop from an initial high of 60 yuan to 38 yuan shortly after its listing on April 16 [1][3]. - The company had a strong debut, with an opening price of 54.90 yuan and a closing price of 48.90 yuan on the first day, reflecting a 226% increase from the issue price of 15 yuan [5]. - However, the stock experienced a downward trend, with a 5.44% drop on the second day, a 10.88% drop on the third day, and a 6.89% drop on the fourth day, leading to a cumulative decline of nearly 37% [5][12]. Financial Metrics - Kent Catalysts' projected revenues from 2021 to 2024 are 636 million yuan, 808 million yuan, 666 million yuan, and 616.8 million yuan, respectively, with net profits of approximately 86.34 million yuan, 110 million yuan, 85.21 million yuan, and 93.5 million yuan [9]. - The company was valued at a high price-to-earnings ratio of 32 times during its IPO, which is above the industry average of 25 times, raising concerns about its growth potential [7]. Shareholding Structure - The controlling shareholders of Kent Catalysts, Xiang Feiyong and Guo Yanping, hold a combined 70.06% of the company's shares, giving them significant influence over corporate decisions [10]. Market Sentiment - Investor sentiment has turned negative, with many expressing frustration over the stock's performance, indicating a broader trend of new stocks underperforming after their initial listings [12][14].
太惨了，新股上市4天跌3天，从60跌到38，马上腰斩，这还怎么玩！