Before the first batch of listings, let’s take a look at the latest hot news. How to be a good investor? Don’t blindly follow the trend!
On July 22, the first batch of 25 scientific and technological enterprises were listed. At the last moment before the listing, they just rushed to the semi-annual performance node. The first batch of companies also disclosed or pre-disclosed the performance in the first half of the year.
Judging from the current disclosure of performance, the performance of the first batch of science and technology enterprises as a whole is improving, and 15 of them have a growth rate of more than 20%. However, there are also a few cases where the performance has fallen sharply and the loss continues.
For the opening of the market on July 22, the relevant person in charge of the Shanghai Stock Exchange said that it is inevitable that there will be large fluctuations in the initial stage of the IPO. Investors should carefully and rationally participate in the transaction, and do not blindly follow the trend to participate in speculation to avoid unnecessary losses.
At the end of June, the relevant person in charge of the Shanghai Stock Exchange said, “The number of investors who have opened the trading opportunities of the board in the past few days has increased rapidly and relatively fiercely. At present, there are about 3.2 million investors who meet the appropriate requirements.”
News report: The first batch of 15 performance growth rates exceeded 20%, and there were losses and declines;
The latest disclosures show that the first batch of 25 science and technology companies have disclosed or pre-disclosed interim results. According to the lower limit of disclosure and pre-disclosure net profit growth, 15 companies have achieved a growth rate of more than 20%, accounting for 60%.
Among them, the net profit for the first half of this year is about 25 million yuan – 30 million yuan, the growth rate is 289% -326%; the forecast net profit is about 160 million -95 million yuan, the growth rate is 219%-289%.
Of course, there are also sharp declines in net profit and losses. The net profit was 4.42 million yuan, a drop of 83%; the net profit was a loss of 2.56 million yuan, and the loss was again reduced by 573%.
A three-year loss-making, insolvent enterprise also declares a science and technology board?
When some large domestic Internet companies go public overseas, some of them are still losing money.
The inclusiveness of the science and technology board can be seen from the five sets of standards for applying for listing. The declared enterprises can be listed without profit, and the net assets can be listed as negative, and further integrated with overseas mature markets.
At present, the number of enterprises declared by Science and Technology Board has reached 148, among which a number of enterprises that have not yet been profitable have made declarations, and one of them has suffered from “three consecutive years of losses and negative net assets”.
This special company is called Shanghai CNC Technology Co., Ltd., and its net assets are negative for two consecutive years, and its net profit is losing three years. How to be a good investor? Don’t blindly follow the trend!
The NC application materials show that as of the signing date of this prospectus, the company has not yet achieved profit, and there is accumulated unrecovered loss. The net profit for the past three years was -40.155 million yuan, -42.613 million yuan and -133.391 million yuan respectively. And within a certain period of time after the listing, there is a risk of not being profitable.
At the same time, the audited net assets of 2018 are -140.21 million yuan. If the company is listed in 2019, the realized profit scale will not cover the net assets at the end of 2018, and the net assets at the end of 2019 will be positive. The company exists on the Shanghai Stock Exchange. Risk of implementing delisting risk warnings.
According to the prospectus, the total assets of CNC in 2016-2018 were 167 million yuan, 236 million yuan, and 381 million yuan respectively; the total liabilities were 150 million yuan, 261 million yuan, and 395 million yuan respectively. It can be seen that the net assets in 2017 and 2018 are negative.
At present, the listing process of CNC is still in the state of “accepted”.
Then, how can I declare the science and technology board when the CNC is used, and the second set of standards based on the company’s listing:
“The estimated market value is not less than RMB 1.5 billion. The operating income in the most recent year is not less than RMB 200 million, and the proportion of accumulated R&D investment in the last three years to the accumulated operating income in the last three years is not less than 15%.”
According to the CNC prospectus, the operating income in 2018 is 228 million yuan, not less than 200 million yuan. In the last three years, the accumulated R&D investment is 0.8 billion yuan, accounting for 28.35% of the accumulated operating income in the last three years, exceeding 15%. The company expects the market value to be no less than 1.5 billion yuan.
Shanghai Stock Exchange: Investors should not blindly follow the trend and avoid unnecessary losses
At present, the market is looking forward to the official opening of the science and technology board, CCTV financial channel trading time exclusive launch of “rational view of the science and technology board”, the head of the Shanghai Securities Exchange Market Supervision Department, Mr. Zeng just conducted an authoritative interpretation.
20% of the price limit can reduce the ups and downs by about 80%
For the first five trading days after the listing of the new shares of Science and Technology, there is no limit on the price limit. After the 5 trading days of the listing, the 20% increase or decrease limit is imposed. What kind of consideration is the design of such a system? How to be a good investor? Summarize the core point: don’t blindly follow the trend!