从500平米小厂房到进口替代 凿岩设备“小巨人”志高机械续写400%涨幅？

Core Viewpoint - The A-share market is experiencing a surge in sentiment, with the Shanghai Composite Index reaching a nearly four-year high, and new stocks like Guangdong Jianke showing impressive first-day gains of 418.4% [1] Company Overview - Zhigao Machinery is a leading enterprise in the drilling rig and screw compressor industry in China, focusing on the research, production, sales, and service of drilling rigs and screw compressors [1][2] - The company has successfully applied its products in key national projects such as the Zhengwan High-speed Railway and the Gela Mountain Tunnel, gradually replacing international brands [2] Financial Performance - From 2022 to 2024, Zhigao Machinery's revenue is projected to be 7.95 billion yuan, 8.40 billion yuan, and 8.88 billion yuan, with year-on-year growth rates of -9.75%, 5.70%, and 5.72% respectively [2] - The net profit attributable to shareholders is expected to be 890 million yuan, 1.04 billion yuan, and 1.05 billion yuan for the same period, with growth rates of 32.93%, 16.31%, and 1.49% respectively [2] - In the first half of 2025, the company achieved revenue of 469 million yuan, a year-on-year increase of 4.99%, and a net profit of 60 million yuan, up 25.15% from the previous year [2] IPO Details - The company plans to issue 24.7 million new shares, raising 430 million yuan, with funds allocated for two projects and working capital [3] - The projects include a production line for 300 intelligent drilling rigs and the establishment of an engineering technology research center [3] Market Performance Expectations - Recent trends indicate that new stocks in the A-share market have an average first-day gain of 294.1%, with the median gain at 274.5% [4] - For Zhigao Machinery, the expected first-day gain could range from 274.5% to 334.7% based on recent performance of new stocks on the Beijing Stock Exchange [4] - The company has a significant valuation advantage, with an issuance price-to-earnings ratio of 12.78, compared to an average of 27.44 for comparable companies [4][5] - The issuance price of 17.41 yuan per share is relatively high, with similar priced stocks in the past achieving an average first-day gain of 247% [5]