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7月新股上市及基金收益月度跟踪-20250803
Huafu Securities·2025-08-03 13:10

Group 1 - The total IPO financing scale in the A-share market for July 2025 was 4.887 billion, with the main board raising 2.105 billion and the ChiNext board raising 2.216 billion, marking a 60% increase in the number of new stocks issued compared to the previous month [5][7][11] - As of the end of July, there were 50 IPO projects approved but not yet issued across all A-share boards, with a total proposed fundraising of 54.92 billion. The main board accounted for 40% of the proposed fundraising, while the ChiNext and Sci-Tech Innovation boards accounted for 32% and 19%, respectively [11][13] - The average winning rate for new shares in July was 0.0121% for A-class accounts and 0.0118% for B-class accounts on the main board, reflecting a decrease of 79% and 76% respectively compared to the previous month [17][23] Group 2 - The average first-day price increase for new stocks on the main board in July was 231%, while the ChiNext board saw an average increase of 119% [31][34] - In July, 3,193 funds participated in new share subscriptions, with the highest number being equity mixed funds at 1,202, followed by flexible allocation funds at 604 and passive index funds at 758 [37][39] - The contribution of new shares to funds with a scale of 1-2 billion was +0.351%, while for those with a scale of 2-3 billion, it was +0.251%, indicating a positive impact on fund performance [32][35]