新股周报：IPO审核持续回暖，新股活跃度显著提升

IPO Overview - As of June 7, only one company, Dameng Data, is in the issued but not listed stage across various boards including the ChiNext, Sci-Tech Innovation Board, and the Shanghai and Shenzhen main boards[3]. - In the week of June 3 to June 7, two companies, Lian Technology and Huicheng Vacuum, were listed with first-day price changes of 26.77% and 21.26% respectively[4][62]. - No companies successfully registered during this period, while two companies completed their listings, and 34 companies are currently queued for registration[27]. Market Activity - The IPO review process is showing signs of recovery, with the pace of approvals increasing, as evidenced by the successful review of Zhonghang Shanda on June 7 and upcoming reviews for Kaipulin and Chengdian Guangxin on June 14 and June 17 respectively[3][27]. - The new stock market has seen a significant uptick in activity, with the average first-day gain for new stocks in May being 188.35%, up from 144.86% in April[39]. Company Performance - Dameng Data, a leading domestic database product developer, reported a revenue of 7.94 billion yuan in 2023, with a net profit of 2.96 billion yuan, reflecting a year-on-year growth rate of 15.44% and 10.07% respectively[10][75]. - The company has a price-to-earnings (PE) ratio of 24.09, compared to the industry average PE of 46.16, indicating a potentially undervalued position in the market[58]. Industry Insights - The Chinese database market is projected to grow at a compound annual growth rate (CAGR) of 26.1%, with the market size expected to reach 128.68 billion yuan by 2022[35]. - The competitive landscape in the domestic database industry is intense, with over 280 products available, significantly outnumbering offerings in other countries[35].