新股周报：9月份双创板块新股首日涨幅和开板估值均下降

Investment Rating - The report does not explicitly provide an investment rating for the companies discussed [1]. Core Insights - The new stock market activity has decreased, with the opening valuations of new stocks in the dual innovation sector in September declining compared to August [1][7]. - The first-day price increases and opening valuations for new stocks in the Sci-Tech Innovation Board and the Growth Enterprise Market have decreased, while the main board's opening valuations have slightly increased [1][22]. Summary by Sections New Stock Market Activity - In September, the new stock market saw a decline in activity, with only 3 stocks recording positive price changes, representing 8.82% of new listings, a significant drop from 84.38% previously [1][7]. - A total of 286 new stocks have been listed since the beginning of 2023, raising a total of 373.58 billion yuan [7]. Sci-Tech Innovation Board - The newly listed stock Yinos registered a first-day increase of 60.28% with an opening valuation of 24.45 times earnings. However, no other new stocks recorded positive price changes during the week [1][8]. - The median first-day price-to-earnings ratio (PE) for new listings in August was 15.40 times, down from 30.20 times in July [10][17]. Growth Enterprise Market - The newly listed stock Fute Technology saw a first-day increase of 227.93% with an opening valuation of 52.68 times earnings. However, several stocks, including Jialiqi and Guoketiancheng, experienced significant declines [15][17]. - The median first-day PE for new listings in August was 16.82 times, down from 23.99 times in July [17]. Main Board - The newly listed stock Sudar recorded a first-day increase of 56.91% with an opening valuation of 21.99 times earnings. However, it also faced a significant decline in the following week [19][22]. - The median first-day PE for new listings in August was 11.86 times, slightly up from 10.02 times in July [22]. Key New Stocks - The report highlights several key new stocks to watch, including Keping (semiconductors), Lianyun Technology (solid-state drive controllers), and Laplace (photovoltaic cell equipment) [27][28]. - A list of notable new stocks that have been listed since January 2023 includes Kema Technology, Longtu Guangzhao, and Aidi Te [30].