Today, there are four new shares listed, namely: Changjiang material on the Shenzhen main board, Xinhua in Inner Mongolia on the Shanghai main board, Shanshui technology on the gem, and Ju Guang technology on Science and Technology Innovation Board. There is another company applying for purchase, which is Science and Technology Innovation Board's National Core Technology.
Among the companies listed today: Changjiang material is a large-scale professional coated sand production supplier in China, with a high position in the industry, and the issuer is one of the leaders in the industry in terms of production capacity, market share and R & D capabilities. Xinhua Bookstore in Inner Mongolia Autonomous region, long-term supply of teaching materials for primary, junior, high school, college, secondary and other educational institutions in the region; Shanshui Technology is a leading dye intermediate manufacturer with absolute cost advantage, and its main products rank among the best in market segments, but the product demand is limited and the company's rising space is limited; Ju Guang Science and Technology is the leading national standard formulation unit, high-power semiconductor laser components domestic leading enterprises, it is worth noting that the company issued a price-to-earnings ratio as high as 362 times.
Today's purchase of the company National Core Technology, the company focuses on domestic self-controllable embedded CPU technology research and development, the company's current cooperation of wafer generation factories mainly include TSMC, the cooperation of packaging and testing plants mainly include Huatian Technology, Changdian Technology and so on. The price-to-earnings ratio of the offering is nearly 419 times earnings.
For China Core Technology, Shen Wanhongyuan suggested that the company's revenue and net profit growth rate is higher than the comparable average. From 2018 to 2020, the compound growth rates of the company's revenue and return net profit were 15.42% and 278.29% respectively, both higher than the comparable average. In the future, the company will be based on the major national demand and market demand customers, continue to develop China's independent controllable high-end embedded CPU series, achieve domestic substitution, and make an important contribution to solving the problem that China's high-end chip core technology is controlled by others.
However, investors need to be wary of many risks faced by China Core Technology: increased market competition after the gradual maturity of the open source RISC-V directive architecture, the possible termination of influential intellectual property license agreements, the decline in the unit price of independent chips and modules, and the decline in short-term performance brought about by sustained large R & D investment.
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