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单只冻结超7000亿,又创纪录
中国基金报·2025-08-12 06:18

Core Viewpoint - The enthusiasm for participating in the Beijing Stock Exchange (BSE) IPO market is reflected in the record-high frozen funds of 731.6 billion yuan for the upcoming listing of Zhigao Machinery, indicating strong investor interest [2][4]. Summary by Sections IPO Market Performance - Zhigao Machinery's IPO saw an effective subscription quantity of approximately 42.019 billion shares, with 612,000 subscription accounts, resulting in a subscription ratio exceeding 2000 times and a distribution rate of 0.05% [4]. - The frozen funds of 731.6 billion yuan set a new record for the BSE IPO market [4]. Company Profile - Zhigao Machinery specializes in the research, production, sales, and service of rock drilling equipment and air compressors, recognized as a high-tech enterprise and one of the "little giant" companies in the fourth batch of specialized and innovative enterprises [4]. Financial Performance - Financial data shows Zhigao Machinery's projected revenues of 795 million yuan, 840 million yuan, and 888 million yuan for 2022, 2023, and 2024, respectively, with net profits of 89 million yuan, 104 million yuan, and 105 million yuan [4]. - The company anticipates a year-on-year net profit growth of approximately 4.57% to 15.58% for the first half of 2023, excluding non-recurring gains and losses [4]. Market Trends - The trend of frozen funds exceeding 1 billion yuan in the BSE IPO market began in late November 2023, with significant increases in subsequent IPOs [4]. - The BSE has seen a continuous influx of funds, with several companies like Guangxin Technology and Jiao Da Tifa attracting over 5 billion yuan in frozen funds [4]. Investor Sentiment - The non-"market value IPO" system of the BSE allows investors to participate without holding any market value, attracting a large number of low-cost funds into the IPO market [5]. - The strong performance of newly listed stocks, with four stocks rising over 400% on their first trading day this year, has driven investor enthusiasm [6][8]. - Improved liquidity and the release of performance from existing quality listed companies have encouraged more investors to enter the BSE market [8]. Future Outlook - Analysts expect the trend of high investor participation and significant stock price increases to continue, supported by the improved quality of new listings and the low-interest-rate environment [8].