新股周报：8月份双创板块新股首日涨幅居高，开板估值走势分化

Investment Rating - The report indicates a positive outlook on the new stock market, particularly highlighting the performance of newly listed stocks in August 2024, with a notable increase in first-day gains and valuations compared to July 2024 [1][6][15]. Core Insights - The new stock market has seen increased activity, with 27 stocks (84.38% of newly listed stocks) recording positive gains in the past week, a significant rise from 9.68% previously [1][6]. - The report notes a divergence in valuation trends across different boards, with the ChiNext and Sci-Tech Innovation Board showing higher first-day gains and a decrease in issuance PE ratios compared to July [1][6][15]. - Specific stocks such as Jialiqi and Xiaofang Pharmaceutical have shown extreme volatility, with Jialiqi's first-day gain at 231.73% and Xiaofang's drop exceeding 15% [1][6][15]. Summary by Sections 1. New Stock Market Activity - The report highlights that the new stock market's activity has increased, with the ChiNext board's new stock opening valuations rising compared to July [1][6]. - In August, the total number of new stocks listed reached 283, raising a total of 371.91 billion yuan, with the Sci-Tech Innovation Board contributing 152.84 billion yuan [1][6]. 1.1 Sci-Tech Innovation Board - No new stocks were listed in the past week, but stocks like Dameng Data recorded a weekly gain of 12.29% [1][7]. - The average first-day opening valuation for new stocks in August was 59.01 times, down from 74.05 times in June [9][18]. 1.2 ChiNext Board - The report notes that stocks such as Kema Technology and Guoke Tianceng have shown significant weekly gains, with Kema Technology up by 17.59% [13][15]. - The first-day opening valuation for Jialiqi was 58.23 times, with a notable first-day gain of 231.73% [13][15]. 1.3 Main Board - The main board saw the listing of Xiaofang Pharmaceutical, which had a first-day gain of 140.58% and an opening valuation of 23.47 times [16][18]. - Stocks like Jianbang Technology and Longqi Technology also recorded gains exceeding 5% [16][18]. 1.4 Valuation Trends - The report indicates that the valuation of the Wind near-term new stock index has decreased compared to the ChiNext, reflecting a discount state [22]. - The average first-day opening PE for the main board in August was 10.02 times, a decrease from 13.91 times in July [18][22]. 2. Key New Stocks List - The report lists key new stocks that have recently been approved or are awaiting listing, including Keping (semiconductors) and Lanyun Technology (solid-state drives) [22][23]. - Notable stocks listed since January 2023 include Kema Technology and Longtu Guangzhao, which are recommended for attention due to their growth potential [25][26].