What is the point of applying for Shanghai Shengmei Semiconductor concept stock with a price-to-earnings ratio of nearly 400 times tomorrow?

Published: Nov 8, 2021 09:17

Recently, there has been a frequent break in the listing of new shares, and some investors tease that they have been "shot", especially for new stocks with high prices and high price-to-earnings ratio, the pressure of breaking is even greater. Among the new shares to be purchased next week, there are two high-priced stocks, and the semiconductor concept stock Shengmei Shanghai has a price-to-earnings ratio of nearly 400 times, which is much higher than the average price-to-earnings ratio of the industry.

According to the issuance arrangement, there will be six new shares available for purchase next week, including three for Science and Technology Innovation Board, two for the gem and one for the main board of the Shanghai stock market. Yachuang Electronics, Anxu Biology, Shengmei Shanghai, Xindian Software and other four shares will be purchased next Monday, while Gulma Software and Fujia shares will be applied for next Tuesday and Thursday respectively.

Of the six new shares to be purchased next week, two of them will be issued at a higher price. Anxu Bio's offering price is 78.28 yuan, but the price-to-earnings ratio of the stock is much lower than the industry's price-to-earnings ratio. The offering price of Shengmei in Shanghai is higher than that of an Xu Bio, reaching 85 yuan. It is worth noting that the price-to-earnings ratio of the stock is as high as 398.67, much higher than the industry's price-to-earnings ratio of 40.77.

Shengmei Shanghai has a total share capital of 390 million shares before this issue, and plans to issue 43.3558 million shares to the public, accounting for 10.00% of the total share capital after the issue, of which 6.9365 million shares are issued online with an application code of 787082, with an application price of 85.00 yuan and a price-to-earnings ratio of 398.67 times. the maximum number of shares applied for in a single account is 6500 shares, and the number of shares is an integral multiple of 500shares. Dingge is required to hold a market capitalization of 65000 yuan on the Shanghai stock market.

Data show that Shengmei Shanghai, founded in April 2005, is a high-tech enterprise specializing in semiconductor cleaning equipment, electroplating equipment and advanced packaging wet equipment. The company provides customized equipment and process solutions to global wafer manufacturing, advanced packaging and other customers through independent research and development of monolithic mega-acoustic cleaning technology, monolithic slot combined cleaning technology, electroplating technology, stress-free polishing technology and vertical furnace tube technology.

From 2017 to 2019, the annual compound growth rate of operating income is 72.74%, and the annual compound growth rate of net profit is 252.42%.

Details of applying for individual shares next week:

Actronic is a well-known authorized distributor of electronic components in China, mainly distributing the products of international famous electronic component design manufacturers, such as Toshiba, Seoul Semiconductor, Murata, Panasonic, LG, etc., including optoelectronic devices, memory chips, passive components and discrete semiconductors, etc., mainly used in the field of automotive electronics.

Anxu Biology: founded in 2008, the company focuses on the research and development, production and sales of POCT reagents and instruments, while focusing on the development of biological raw materials platform and product technology reserve. Now it has formed an integrated layout of the industrial chain from upstream core biomaterials to diagnostic reagents and instruments. It is one of the few Chinese enterprises that can compete with multinational in vitro diagnostic giants in the international market.

New point software: the company's main business is to provide intelligent solutions with software as the core for the three sub-areas of wisdom recruitment, intelligent government affairs and digital construction in the smart city.

Guma Software: the company is a leading provider of information products and services for examination and evaluation in China. The company mainly provides overall information construction solutions for examination and evaluation, system platform construction and operation and maintenance, application software development and services and hardware products for relevant government departments, industry associations, educational institutions, enterprises and institutions.

Fujia shares: the company is mainly engaged in the R & D, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, floor-sweeping robots and brushless motors. The main products include high-efficiency separation wireless lithium vacuum cleaners, high-efficiency separation wired vacuum cleaners, multi-functional wireless mops, intelligent floor-sweeping robots and high-efficiency motors.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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