Tomorrow hit the new: Xi Di Wei
Listed tomorrow: Tamus, tender shares, Vickers Technology
Special Note:
The Hit New analysis is only for Hit New
Opinions are by no means investment advice
There is a possibility of breaking the new one
Xi di micro, listed on the science and technology innovation board.
(Xidiwei: Prospectus)
To be honest, this kind of name makes me very disgusted, where is not next to where, it takes a lot of trouble to type out, you can't honestly take a Chinese name, this is estimated to be a common disease, in order to appear advanced?
Looking at the prospectus, this company has engaged in three underwriters, two main and one pair, Minsheng Securities, CICC and Huaxing Securities, which is very pompous. The company's industry is electronic equipment - semiconductor - integrated circuits. The concept is lithium battery, domestic chip, car chip.
Xidi Micro is one of the leading semiconductor and integrated circuit design enterprises in China, the main business is the research and development, design and sales of analog integrated circuits including power management chips and signal chain chips. Note that R&D design and sales will not be produced, Fabless model, the wafer manufacturing and packaging and testing links are handed over to the foundry for outsourced production. See here to be clear, can not manufacture is not advanced, but helpless.
Fabless mode we have said several times, know that it can hold x.
The company's main products cover DC/DC chips, super fast charge chips, lithium battery fast charge chips, port protection and signal switching chips, etc., which are mainly used in mobile phones, notebook computers, wearable devices and other fields.
Looking at the main business situation, the larger proportion is the DC/DC chip, what is this DC/DC chip used for?
The main function of the DC/DC chip is to step up or step down the DC power supply, because each unit in the electronic device needs to convert the input power supply voltage, so the application scenario of the DC/DC chip is very popular. Xidi micro's DC/DC chips have a wide range of applications in consumer electronics terminals such as mobile phones, notebook computers, wearable devices, and smart homes, and some models can also be used in the field of automotive electronics.
The company is characterized by the core technology is almost independent research and development, the proportion of core technology product revenue to operating income reaches 100%, is a company with quite strong technical strength, and the main products basically have the performance of competing with international leading enterprises.
Specifically, compared with companies in the same industry at home and abroad, among the consumer electronics and automotive DC/DC chips, super fast charging chips and port protection and signal switching chips developed by the company based on core technologies, some product models are in a leading position in China, and have similar performance to international competitors, and even perform better than international competitors in individual technical indicators, and have entered the supply chain of some global first-line mobile phone brands and Japanese and Korean automobile brand customers.
Therefore, the technical level of the company's existing products is in a leading position in China, and it also has the strength to compete with international leading enterprises in the international scope.
The company's net profit in 2018, 2019, 2020 is negative, and it is expected to turn a loss into a profit in 2021. The main difficulty faced by companies is the risk of international trade frictions. The company's overseas supplier procurement of wafer and photomask accounted for 100.00%; the company's EDA software overseas supplier procurement accounted for 96.10%; the company's technical consulting services overseas supplier procurement accounted for 82.17%.
According to the company's 2021 performance forecast, the annual net profit attributable to the mother turned into a profit, achieving 0.22 to 0.37 billion, with a value of 0.3 billion. After the issuance, the number of shares is about 400 million shares, and the profit per share is 0.075 yuan per share. The issue price is 33.57 yuan, and the price-to-earnings ratio is 447.6 times.
In the "Special Announcement on Investment Risk", the company uses the price-to-sales ratio to compare with comparable companies, which is also higher than the average and median, so that its issuance valuation has no advantage, and those who are afraid of risk should not subscribe. The issue price is 33.57 yuan, the science and technology innovation board, one hand is 16785 yuan, if it is broken, assuming a 20% range, there will be a loss of about 3000. If it can afford it, then subscribe.
Resources:
Xidiwei: Prospectus
Xidi Micro: Special Announcement on Investment Risk
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Listed tomorrow (click on the name to jump):
Tamus, the company's business is knitted fabrics and knitted clothing R & D, production and sales - clothing, mainly for Decathlon, Semir apparel, Quiksilver, Kappa, Giordano, Cotton Times and other well-known clothing brands to provide OEM processing services. I don't think it will break, and it is expected to rise by 30 to 44%, because it is listed on the main board of the Shenzhen Stock Exchange, and 44% is the highest increase on the first day.
Bidding shares, is a professional engaged in engineering supervision, test testing, bidding services, surveying and mapping and geographic information services, surveying and design of the company. I think the probability of a break is low, and I expect a 0 to 50% increase in listing.
The company's main business is R&D, design, manufacture and sales of precision injection molds. I don't think it will break, and I expect a 30% to 100% increase.
See you later.