Core Viewpoint - The initial public offering (IPO) of Shanda Electric (301609) on the ChiNext board features a low issuance price of 14.66 yuan, significantly below the perceived safe line of 30 yuan, and a price-to-earnings (P/E) ratio of 19.57, which is lower than the industry average of 20.25 [1][2]. Group 1: IPO Details - Shanda Electric plans to issue 10.38 million shares, requiring a minimum investment of 100,000 yuan in Shenzhen stock [1][2]. - The company has a total issuance of 40.72 million shares, raising approximately 596 million yuan, exceeding its fundraising target [7]. - The stock's total market capitalization post-IPO is 2.387 billion yuan, with a static P/E ratio of 18.79, compared to higher valuations of similar companies [7]. Group 2: Financial Performance - In Q1, Shanda Electric reported revenue of 111 million yuan, a year-on-year increase of 12.02%, and a net profit attributable to shareholders of 17.32 million yuan, up 15.91% year-on-year [3][4]. - The company’s revenue for the past three years was 478 million yuan, 549 million yuan, and 658 million yuan, with a growth rate of 19.85% last year [4]. - The projected revenue growth for the first half of 2025 is between 13.55% and 21.66%, with net profit growth expected between 14.87% and 24.65% [4]. Group 3: Business Overview - Shanda Electric specializes in the research and development of intelligent products related to power systems, with key products including smart monitoring and new energy products [2]. - The company plans to use the raised funds for projects including the production of intelligent equipment for power grid fault analysis and smart charging stations for new energy vehicles [5][6].
A股：新股山大电力发行申购，发行价14.66元，股民打新不会纠结！