Group 1 - The core viewpoint of the article highlights that Meilian Holdings (02671) experienced a significant drop of over 18% on its second day of trading, falling to 6.19 HKD, below its issue price of 7.1 HKD [1] - As of the report, the stock was down 18.06%, trading at 6.26 HKD, with a transaction volume of 7.35 million HKD and a total market capitalization of less than 800 million HKD [1] - Meilian Holdings is a comprehensive provider of prefabricated steel structure construction subcontracting services, established in 1999, serving industries such as automotive, machinery, catering, and textiles [1] Group 2 - The company's main business segments include prefabricated steel structure construction subcontracting services, professional engineering general contracting, and industrial environmental protection equipment [1] - According to a report by Frost & Sullivan, Meilian Holdings ranks third in the industrial sector of China's prefabricated steel structure construction market, with a market share of 3.5% based on projected revenue for 2024 [1] - Guoyuan International previously commented that the prefabricated construction market is expected to expand with the implementation of national policies and regional government plans promoting prefabricated buildings, although the company's recent performance has been volatile [1] - The company's IPO price range corresponds to a 2024 price-to-earnings ratio of approximately 10.4 to 13.4 times, indicating a potentially high valuation [1]
美联股份大跌超18% 上市第二日跌破发行价 总市值不足8亿港元