Company Overview - The full name of the company is Wenzhou Juxing Technology Co., Ltd. with the stock code 920111.BJ and it plans to submit its IPO application on December 14, 2023 [2][22] - The listing date is set for November 11, 2024, on the Beijing Stock Exchange, and it operates in the electrical machinery and equipment manufacturing industry [3][22] IPO Details - The IPO is sponsored by Guotou Securities, with representatives Zhai Pingping and Gan Qiangke [3][22] - The underwriting and sponsorship fees amount to 22.2273 million yuan, with a commission rate of 7.96%, which is higher than the average rate of 7.71% [8][23] Performance Evaluation - The total score for the IPO project is 92.5, classified as Grade A. Negative factors affecting the score include the need for improved information disclosure quality and a high issuance cost rate [3][28] - The average time from application to listing for A-share companies in 2024 is 629.45 days, while Juxing Technology's listing cycle is 333 days, which is below the average [6][22] Market Performance - On the first day of trading, the stock price increased by 280.32% compared to the issue price [10][24] - After three months, the stock price rose by 324.80% compared to the issue price [12][25] Financial Metrics - The issuance price-to-earnings (P/E) ratio is 13.23 times, which is 72.85% of the industry average of 18.16 times [14][26] - The expected fundraising amount is 278 million yuan, with actual fundraising reaching 279 million yuan, resulting in an oversubscription rate of 0.32% [16][27] Short-term Performance - In 2024, the company's revenue is expected to grow by 66.17% year-on-year, with net profit attributable to shareholders increasing by 51.12%, and non-recurring net profit rising by 47.85% year-on-year [18][27]
国投证券保荐聚星科技IPO项目质量评级A级 承销保荐佣金率较高