Company Overview - Full Name: Nanjing Kent Composite Materials Co., Ltd [1] - Abbreviation: Kent Co., Ltd [1] - Stock Code: 301591.SZ [1] - IPO Application Date: June 7, 2022 [1] - Listing Date: February 28, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Rubber and Plastic Products [1] - IPO Sponsor: Guotai Junan Securities [1] - IPO Underwriters: Guotai Junan Securities [1] - IPO Legal Advisor: Guohao Law Firm (Nanjing) [1] - IPO Audit Firm: Notarization Tianye Accounting Firm (Special General Partnership) [1] Disclosure and Regulatory Evaluation - Disclosure Status: Required to clarify related party transactions and differences from previous applications [2] - Regulatory Penalties: No deductions [2] - Public Supervision: No deductions [2] - Listing Cycle: 631 days, slightly above the average of 629.45 days for 2024 A-share listings [2] Financial Metrics - Multiple Applications: Yes [2] - Issuance Costs: Underwriting and sponsorship fees of 31.95 million yuan, with a commission rate of 7.82%, higher than the average of 7.71% [2] - Initial Listing Performance: Stock price increased by 258.62% on the first day [3] - Three-Month Performance: Stock price increased by 148.69% compared to the issuance price [4] - Issuance Price-Earnings Ratio: 22.81 times, close to the industry average of 22.82 times [5] - Actual Fundraising: Expected to raise 401 million yuan, actual fundraising of 409 million yuan, with an oversubscription rate of 1.79% [6] Post-Listing Performance - Short-term Performance: Revenue increased by 5.57% year-on-year, while net profit decreased by 4.33% year-on-year [7] - Abandonment Rate: 0.36% [8] Overall Evaluation - Total Score: 78.5 points, classified as Grade C [8] - Negative Factors Affecting Score: Disclosure quality needs improvement, long listing cycle, repeated applications, high issuance cost rate, decline in net profit in the first accounting year, and abandonment rate of 0.36% [8]
国泰君安保荐肯特股份IPO项目质量评级C级 上市首年增收不增利