Workflow
IPO项目质量评级
icon
Search documents
中信证券保荐永兴股份IPO项目质量评级B级 实际募集金额缩水近5成
Xin Lang Zheng Quan· 2025-09-28 07:54
Company Overview - Full Name: Guangzhou HuanTou Yongxing Group Co., Ltd [1] - Abbreviation: Yongxing Co., Ltd [1] - Stock Code: 601033.SH [1] - IPO Application Date: September 30, 2022 [1] - Listing Date: January 18, 2024 [1] - Listing Board: Shanghai Stock Exchange Main Board [1] - Industry: Ecological Protection and Environmental Governance [1] - IPO Sponsoring Institution: CITIC Securities [1] - IPO Underwriters: Guotai Junan Securities, CITIC Securities [1] - IPO Legal Advisor: Beijing Zhonglun Law Firm [1] - IPO Audit Institution: Dahua Certified Public Accountants (Special General Partnership) [1] IPO Performance - Average Days from Application to Listing: 629.45 days for 2024 A-share companies; Yongxing's listing cycle is 475 days, which is below the overall average [2] - Underwriting and Sponsorship Fees: 84.66 million yuan, with a commission rate of 3.48%, lower than the overall average of 7.71% [3] - First Day Stock Performance: Stock price increased by 37.10% compared to the issue price [3] - Stock Performance in Three Months: Stock price decreased by 2.84% compared to the issue price [4] Financial Metrics - Issuance Price-Earnings Ratio: Yongxing's issuance P/E ratio is 21.76 times, which is 120.62% of the industry average of 18.04 times [5] - Actual Fundraising: Expected fundraising of 4.599 billion yuan, with actual fundraising of 2.430 billion yuan, representing a decrease of 47.16% [6] - Short-term Performance Post-Listing: In 2024, the company's operating income increased by 6.45% year-on-year, net profit attributable to shareholders increased by 11.67% year-on-year, and net profit excluding non-recurring gains and losses increased by 15.57% year-on-year [7] Evaluation and Scoring - Abandonment Rate: 0.47% [8] - Total Score for IPO Project: 89.5 points, classified as B-level [8] - Negative Factors Affecting Score: Disclosure quality needs improvement, stock price decline in three months, significant reduction in actual fundraising amount, and abandonment rate of 0.47% [8]
中泰证券保荐安乃达IPO项目质量评级C级 实际募集金额缩水超4成 上市首年增收不增利
Xin Lang Zheng Quan· 2025-09-24 07:34
Company Overview - Company Name: Anada Drive Technology (Shanghai) Co., Ltd. [1] - Stock Code: 603350.SH [1] - IPO Application Date: June 22, 2022 [1] - Listing Date: July 3, 2024 [1] - Industry: Electrical Machinery and Equipment Manufacturing [1] - Underwriter: Zhongtai Securities [1] Disclosure and Regulatory Evaluation - Disclosure Issues: Required to explain differences in disclosure between IPO application and previous NEEQ listing, completeness of related party identification, and property defects [1] - Regulatory Penalties: No penalties [1] - Public Supervision: No penalties [1] - Listing Cycle: 742 days, exceeding the average of 629.45 days for 2024 A-share listings [1] - Multiple Applications: Not applicable, no penalties [1] Financial Metrics - Underwriting Fees: 48.52 million yuan, with a commission rate of 8.14%, higher than the average of 7.71% [2] - First Day Performance: Stock price increased by 100.34% compared to the issue price [2] - Three-Month Performance: Stock price increased by 51.70% compared to the issue price [3] - Issuance P/E Ratio: 18.02 times, above the industry average of 16.82 times [4] - Actual Fundraising: Expected to raise 1.122 billion yuan, but actual amount raised was 596 million yuan, a decrease of 46.84% [5] Post-Listing Performance - Revenue Growth: 7.07% increase in revenue year-on-year [6] - Net Profit Decline: 25.66% decrease in net profit year-on-year [6] - Non-recurring Net Profit Decline: 23.66% decrease year-on-year [6] - Abandonment Rate: 0.54% [7] Overall Evaluation - Total Score: 78.5 points, classified as Grade C [7] - Negative Factors: Disclosure quality needs improvement, lengthy listing cycle, high issuance cost, significant reduction in actual fundraising, decline in net profit in the first accounting year, and abandonment rate of 0.54% [7]
中信证券保荐力聚热能IPO项目质量评级B级 实际募集金额缩水超4成 上市首年营收扣非净利润双降
Xin Lang Zheng Quan· 2025-09-24 07:24
Company Overview - Company Name: Zhejiang Liju Thermal Equipment Co., Ltd. [1] - Stock Code: 603391.SH [1] - IPO Application Date: July 5, 2022 [1] - Listing Date: July 31, 2024 [1] - Industry: General Equipment Manufacturing [1] - IPO Sponsor: CITIC Securities [1] Disclosure and Regulatory Evaluation - Disclosure Issues: Required to improve the disclosure of revenue changes and provide justification for the selection of comparable companies [1] - Regulatory Penalties: No penalties imposed [2] - Public Supervision: No penalties imposed [2] - Listing Cycle: 757 days, exceeding the average of 629.45 days for 2024 A-share listings [2] Financial Metrics - Underwriting Fees: 53.2264 million yuan, with a commission rate of 5.85%, lower than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 50.00% on the first day [4] - Three-Month Performance: Stock price increased by 7.60% compared to the issue price [5] - Issuance Price-to-Earnings Ratio: 15.56 times, which is 63.41% of the industry average of 24.54 times [6] - Actual Fundraising: Expected to raise 1.612 billion yuan, but actual amount raised was 910 million yuan, a decrease of 43.55% [7] Post-Listing Performance - Revenue: Decreased by 11.60% year-on-year [8] - Net Profit: Increased by 8.51% year-on-year [8] - Non-recurring Net Profit: Decreased by 7.64% year-on-year [8] - Abandonment Rate: 1.19% [9] Overall Evaluation - Total Score: 82 points, classified as B-level [9] - Negative Factors: Disclosure quality needs improvement, lengthy listing cycle, significant reduction in actual fundraising, and declines in revenue and non-recurring net profit in the first accounting year [9]
中信证券保荐众鑫股份IPO项目质量评级C级 实际募集金额缩水近6成 承销保荐费用率畸高
Xin Lang Zheng Quan· 2025-09-19 08:06
Company Overview - Full Name: Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd [1] - Abbreviation: Zhongxin Co., Ltd [1] - Stock Code: 603091.SH [1] - IPO Application Date: September 30, 2022 [1] - Listing Date: September 20, 2024 [1] - Lead Underwriter: CITIC Securities [1] - Legal Advisor: Zhejiang Liuhe Law Firm [1] - Audit Firm: Tianjian Accounting Firm (Special General Partnership) [1] Disclosure and Evaluation - Disclosure Issues: The company was required to clarify contradictions regarding actual controllers and ensure the accuracy of information disclosed in the prospectus [1] - Regulatory Penalties: No penalties were imposed [2] - Public Supervision: No deductions for public supervision [2] - Listing Cycle: The listing cycle was 721 days, exceeding the average of 629.45 days for 2024 A-share listings, resulting in a deduction [2] Financial Metrics - Underwriting Fees: The underwriting and sponsorship fees amounted to 74.80 million, with a commission rate of 11.04%, higher than the average of 7.71% [3] - First Day Performance: The stock price increased by 58.00% on the first day of listing [4] - Three-Month Performance: The stock price rose by 68.26% within three months post-listing [6] - Issuance Price-to-Earnings Ratio: The issuance P/E ratio was 11.86 times, which is 67.23% of the industry average of 17.64 times [7] - Actual Fundraising: Expected fundraising was 1.645 billion, but actual fundraising was only 677 million, a decrease of 58.82% [8] Short-term Performance - Revenue Growth: The company reported a 16.60% year-on-year increase in revenue [9] - Net Profit Growth: The net profit attributable to shareholders increased by 39.93% year-on-year [9] - Non-recurring Net Profit Growth: The non-recurring net profit attributable to shareholders grew by 34.79% year-on-year [9] - Subscription Rate: The abandonment rate was 0.77% [10] Overall Evaluation - Total Score: The IPO project received a total score of 78, classified as Grade C [10] - Negative Factors: Key negative factors affecting the score include the need for improved disclosure quality, a lengthy listing cycle, high issuance costs, significant reduction in actual fundraising, and a 0.77% abandonment rate [10]
华泰联合保荐拉普拉斯IPO项目质量评级B级 实际募集金额缩水超6成
Xin Lang Zheng Quan· 2025-09-19 07:54
(一)公司基本情况 全称:拉普拉斯新能源科技股份有限公司 简称:拉普拉斯 代码:688726.SH IPO申报日期:2023年6月19日 上市日期:2024年10月29日 上市板块:上证科创板 所属行业:专用设备制造业 IPO保荐机构:华泰联合证券 保荐代表人:张新星、罗剑群 IPO承销商:华泰联合证券 IPO律师:广东信达律师事务所 (1)信披情况: 被要求修改"行业主要法律法规政策及对发行人经营发展的影响"部分披露的内容,披露公司产品对应国 家科技创新战略的具体情况;被要求说明"光伏高端装备研发生产总部基地项目"和"半导体及光伏高端 设备研发制造基地项目"的区别,在项目建设内容雷同的情况下说明拟建设两个募投项目的必要性;被 要求披露本次发行前各股东间的一致行动关系;被要求全面梳理"重大事项提示"各项内容,突出重大 性,增强针对性,强化风险导向,删除针对性不强的表述,按重要性进行排序。 (2)监管处罚情况:不扣分 (3)舆论监督:不扣分 (4)上市周期:不扣分 2024年度已上市A股企业从申报到上市的平均天数为629.45天,拉普拉斯的上市周期是498天,低于整体 均值。 (5)是否多次申报:不属于,不扣分 ...
华泰联合保荐先锋精科IPO项目质量评级A级 实际募集金额缩水
Xin Lang Zheng Quan· 2025-09-15 08:13
登录新浪财经APP 搜索【信披】查看更多考评等级 (一)公司基本情况 全称:江苏先锋精密科技股份有限公司 简称:先锋精科 代码:688605.SH IPO申报日期:2023年6月8日 上市日期:2024年12月12日 IPO保荐机构:华泰联合证券 保荐代表人:刘天宇、刘一为 IPO审计机构:立信会计师事务所(特殊普通合伙) (二)执业评价情况 (1)信披情况: 被要求结合所属行业特点、同行业可比公司相关披露情况等,完善相关行业信息披露内容;被要求说明 是否符合《发行类第9号:研发人员及研发投入》的规定;被要求说明与发行人其他股东、客户、供应 商是否存在未披露的关联关系;被要求提交补充完善后的股东信息披露专项核查报告。 2024年度已上市A股企业从申报到上市的平均天数为629.45天,先锋精科的上市周期是553天,低于整体 均值。 (5)是否多次申报:不属于,不扣分。 (6)发行费用及发行费用率 先锋精科的承销及保荐费用为3427.31万元,承销保荐佣金率6.00%,低于整体平均数7.71% 。 (7)上市首日表现 IPO承销商:华泰联合证券 IPO律师:上海市锦天城律师事务所 先锋精科的发行市盈率为28.64 ...
兴业证券保荐贝隆精密IPO项目质量评级B级 被要求提高招股书信披质量
Xin Lang Zheng Quan· 2025-09-15 07:57
Company Overview - Full Name: Beilong Precision Technology Co., Ltd [1] - Abbreviation: Beilong Precision [1] - Stock Code: 301567.SZ [1] - IPO Application Date: June 18, 2021 [1] - Listing Date: January 16, 2024 [1] - Listing Board: Shenzhen ChiNext [1] - Industry: Manufacturing of Computers, Communications, and Other Electronic Devices [1] - IPO Sponsor: Industrial Securities [1] - Lead Underwriters: Zhang Huahui, Jia Xiaobin [1] - IPO Legal Advisor: Beijing Guantao Zhongmao Law Firm [1] - IPO Audit Firm: Zhonghui Certified Public Accountants (Special General Partnership) [1] Disclosure and Evaluation - Disclosure Issues: Required to explain the reasons for IPO intermediary fees in 2018 and disclose any previous applications or guidance [1] - Regulatory Penalties: No penalties [2] - Public Supervision: No penalties [2] - Listing Cycle: 942 days, exceeding the average of 629.45 days for 2024 A-share listings [2] - Multiple Applications: Not applicable, no penalties [3] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees amounted to 36.1172 million yuan, with a commission rate of 9.35%, higher than the average of 7.71% [3] - First Day Performance: Stock price increased by 192.03% on the first day of listing [4] - Three-Month Performance: Stock price increased by 77.73% compared to the issuance price [6] - Issuance Price-Earnings Ratio: 30.35 times, which is 94.17% of the industry average of 32.23 times [7] - Actual Fundraising: Expected and actual fundraising amount is 386 million yuan [8] Post-Listing Performance - Short-term Performance: In 2024, the company's revenue increased by 5.65% year-on-year, while net profit attributable to shareholders decreased by 34.75%, and non-recurring net profit decreased by 38.41% year-on-year [9] - Subscription Rate: Abandonment rate of 0.58% [10] Overall Evaluation - Total Score: 80.5 points, classified as B-level [10] - Negative Factors: Disclosure quality needs improvement, listing cycle exceeds two years, high issuance cost rate, decline in net profit in the first accounting year, and abandonment rate of 0.58% [10]
国泰君安保荐肯特股份IPO项目质量评级C级上市首年增收不增利
Xin Lang Cai Jing· 2025-09-15 07:42
Company Overview - Nanjing Kent Composite Materials Co., Ltd. is set to be listed on the Shenzhen ChiNext board on February 28, 2024, with the stock code 301591.SZ [1] - The company operates in the rubber and plastic products industry and submitted its IPO application on June 7, 2022 [1] IPO Details - The underwriting and sponsorship fees for the IPO amount to 31.95 million yuan, with a commission rate of 7.82%, which is higher than the average of 7.71% [1] - The company has a total score of 78.5 points for its IPO project, categorized as C-level, with negative factors including disclosure quality, long listing cycle, repeated applications, high issuance cost rate, and a decline in net profit in the first accounting year post-listing [1] Listing Performance - On the first day of trading, the stock price increased by 258.62% compared to the issue price [1] - Over the first three months post-listing, the stock price rose by 148.69% from the issue price [1] Financial Performance - The company expects to raise 401 million yuan, with actual fundraising reaching 409 million yuan, resulting in an oversubscription rate of 1.79% [1] - For the year 2024, the company's operating revenue is projected to grow by 5.57% year-on-year, while the net profit attributable to the parent company is expected to decrease by 4.33% year-on-year [1] - The net profit excluding non-recurring gains and losses is anticipated to decline by 3.59% year-on-year [1] Additional Metrics - The company's issuance price-to-earnings (P/E) ratio is 22.81 times, which is 99.96% of the industry average of 22.82 times [1] - The abandonment rate for the IPO is 0.36% [1]
国投证券保荐乔锋智能IPO项目质量评级C级上市周期超两年实际募资额缩水超4成
Xin Lang Cai Jing· 2025-09-03 09:18
Company Overview - Company Name: Qiaofeng Intelligent Equipment Co., Ltd [1] - Stock Code: 301603.SZ [1] - IPO Application Date: June 21, 2022 [1] - Listing Date: July 10, 2024 [1] - Industry: General Equipment Manufacturing [1] - IPO Underwriter: Guotou Securities [1] IPO Performance - Underwriting and Sponsorship Fees: 56.0025 million yuan, with a commission rate of 7.00%, lower than the average of 7.71% [1] - First Day Stock Price Increase: 103.77% compared to the issue price [1] - Stock Price Increase in Three Months: 85.21% compared to the issue price [1] - Issuance Price-Earnings Ratio: 19.96 times, which is 74.78% of the industry average of 26.69 times [1] Fundraising and Financial Performance - Expected Fundraising Amount: 1.445 billion yuan, with actual fundraising amount of 800 million yuan, a decrease of 44.65% [1] - Revenue Growth for 2024: 21.02% year-on-year [1] - Net Profit Growth for 2024: 21.33% year-on-year [1] - Non-recurring Net Profit Growth for 2024: 23.50% year-on-year [1] Disclosure and Regulatory Compliance - Disclosure Quality: Required to improve compliance with accounting standards and disclosure regulations [1] - Listing Cycle: 750 days, exceeding the average of 629.45 days for 2024 A-share listings [1] - Abandonment Rate: 0.31% [1] - Total Score for IPO Project: 78.5 points, classified as Grade C [1]
国投证券保荐乔锋智能IPO项目质量评级C级 上市周期超两年 实际募资额缩水超4成
Xin Lang Zheng Quan· 2025-09-03 09:07
Company Overview - Full Name: Qiaofeng Intelligent Equipment Co., Ltd [1] - Abbreviation: Qiaofeng Intelligent [1] - Stock Code: 301603.SZ [1] - IPO Application Date: June 21, 2022 [1] - Listing Date: July 10, 2024 [1] - IPO Sponsor: Guotou Securities [1] - IPO Underwriters: Guotou Securities [1] - IPO Legal Advisor: Beijing Junzejun Law Firm [1] - IPO Audit Firm: Rongcheng Accounting Firm (Special General Partnership) [1] Disclosure and Evaluation - Disclosure Compliance: Required to clarify compliance with accounting standards and disclosure regulations, core competitiveness, and the integrity of waste sales accounting [1] - Regulatory Penalties: No deductions for regulatory penalties [2] - Public Supervision: No deductions for public supervision [2] - Listing Cycle: 750 days, exceeding the average of 629.45 days for 2024 A-share listings, resulting in a deduction [2] - Multiple Applications: Not applicable, no deductions [3] Financial Metrics - Issuance Costs: Underwriting and sponsorship fees of 56.0025 million, with a commission rate of 7.00%, lower than the average of 7.71% [3] - Initial Listing Performance: Stock price increased by 103.77% on the first day of listing [4] - Industry Sector: General Equipment Manufacturing [5] - Three-Month Performance: Stock price increased by 85.21% within three months post-listing [6] - Issuance Price-Earnings Ratio: 19.96 times, which is 74.78% of the industry average of 26.69 times [7] - Actual Fundraising: Expected fundraising of 1.445 billion, with actual fundraising of 800 million, a decrease of 44.65% [8] Short-Term Performance - Revenue Growth: 21.02% year-on-year increase in revenue [9] - Net Profit Growth: 21.33% year-on-year increase in net profit attributable to shareholders [9] - Non-recurring Net Profit Growth: 23.50% year-on-year increase in non-recurring net profit attributable to shareholders [9] - Subscription Rate: Abandonment rate of 0.31% [10] Overall Evaluation - Total Score: 78.5 points, classified as Grade C [10] - Negative Factors: Disclosure quality needs improvement, listing cycle exceeds two years, significant reduction in actual fundraising, and abandonment rate of 0.31% [10]