Company Overview - Full Name: Baotou Yinstar Rare Magnetic New Materials Co., Ltd [1] - Abbreviation: Yinstar [1] - Stock Code: 301622.SZ [1] - IPO Application Date: September 20, 2022 [1] - Listing Date: December 4, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Manufacturing of Computers, Communications, and Other Electronic Devices [1] - IPO Sponsor: Huatai United Securities [1] - Lead Underwriters: Huatai United Securities [1] - Legal Advisor: Guohao Law Firm (Beijing) [1] - Audit Firm: Rongcheng Accounting Firm (Special General Partnership) [1] Performance Evaluation - Disclosure Situation: Required to analyze the authenticity and completeness of waste material revenue recognition; required to enhance risk warnings regarding significant fluctuations in raw material prices in the prospectus [1] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: Yinstar's listing cycle is 806 days, longer than the average of 629.45 days for A-share companies listed in 2024 [2] - Multiple Applications: Not applicable, no deductions [2] Financial Metrics - Issuance Costs and Rate: Underwriting and sponsorship fees amount to 51.8447 million yuan, with a commission rate of 8.00%, higher than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 347.23% on the first day of listing [4] - Three-Month Performance: Stock price increased by 258.65% within three months post-listing [5] - Issuance Price-Earnings Ratio: Yinstar's issuance P/E ratio is 21.63 times, which is 52.67% of the industry average of 41.07 times [6] - Actual Fundraising Ratio: Expected fundraising of 683 million yuan, with actual fundraising of 648 million yuan, a decrease of 5.16% [7] Short-Term Performance Post-Listing - Revenue Growth: Company revenue increased by 24.54% year-on-year [8] - Net Profit Growth: Net profit attributable to shareholders increased by 28.15% year-on-year [8] - Non-recurring Net Profit Growth: Non-recurring net profit attributable to shareholders increased by 30.29% year-on-year [8] - Abandonment Rate: Abandonment rate is 0.26% [8] Overall Score - Total Score: Yinstar's IPO project scored 86.5 points, classified as Grade B [8] - Negative Factors: Disclosure quality needs improvement, lengthy listing cycle, high issuance cost rate, reduced actual fundraising amount, and abandonment rate of 0.26% [8]
华泰联合保荐英思特IPO项目质量评级B级 上市周期超两年