China Fund News reporter Wenyan
Attention A-share new investors!
According to the current issuance arrangement, the new shares of the Shenzhen Growth Enterprise Market (GEM) will be subscribed for on October 8, with the subscription code of 301556 and the issue price of 14.50 yuan per share.
Industry insiders suggest that the recent new stock trading of A-shares has attracted more attention, but its investment value needs to be judged independently by investors and beware of related risks.
Issued new shares on GEM with the lowest price-to-earnings ratio during the year
The issue price of Top Yunnong is 14.50 yuan per share, corresponding to a diluted price-to-earnings ratio of 11.73 times after deducting the lower net profit attributable to the parent company in 2023.
It can be seen from the comparison that Top Yunnong is the new GEM stock with the lowest price-to-earnings ratio since the beginning of this year.
At the same time, the P/E ratio of Top Yunnong's issuance this time is lower than the average static P/E ratio of the net profit attributable to the parent company after deducting non-profits of comparable listed companies in the same industry in 2023 (33.79 times), and lower than the static average P/E ratio of the same industry in the latest month (39.15 times) released by China Securities Index Co., Ltd. on September 26, 2024 (T-3).
The number of shares issued by Top Yunnong in this public offering is 21.32 million shares, of which 5.4365 million shares are issued online.
Dongcai Choice shows that the upper limit of the online issuance subscription of Top Yunnong is 5,000 shares, and the top grid subscription needs to be matched with a market value of 50,000 yuan in Shenzhen.
A comprehensive solution provider for smart agriculture
According to public information, Top Yunnong is a comprehensive service provider of smart agriculture, and a national specialized and new "little giant" enterprise and a national high-tech enterprise, and its customers are mainly government departments, scientific research institutions, enterprises and institutions in the agricultural field.
The products and services provided by Top Yunnong are mainly divided into two categories: smart agriculture projects and smart hardware equipment.
First of all, the smart agriculture project includes the agricultural Internet of Things and information software platform project to realize the data-based and intelligent management of the agricultural production process.
Secondly, intelligent hardware equipment covers intelligent equipment, monitoring instruments and sensors, etc., which can be networked to help users achieve automatic monitoring and control, and improve agricultural production efficiency and intelligence.
From 2021 to 2023, the operating income of Top Yunnong will be 332 million yuan, 375 million yuan, and 459 million yuan respectively, and the net profit attributable to the parent company will be 72.5133 million yuan, 92.6831 million yuan, and 115 million yuan respectively.
In the prospectus, Top Yunnong predicts that the company's operating income in the first three quarters of 2024 will be 330 million yuan to 350 million yuan, a year-on-year increase of 9.16% to 15.78%; The net profit attributable to the parent company was 74 million yuan to 78 million yuan, a year-on-year increase of 10.95% to 16.95%.
Driven by factors such as the strong support of the country's top-level policies, the rapid development of the smart agriculture industry, and the company's strong competitiveness, the company's operating conditions have shown a good development trend, and its operating performance has continued to grow steadily.
Top Yunnong's IPO plans to raise 286 million yuan, and the actual raised funds amount to 309 million yuan, and the planned investment projects include: smart agriculture platform upgrade construction project, smart agriculture intelligent equipment manufacturing base project, and R&D center upgrade construction project.
Editor: Captain
Review: Xu Wen