Source: China Economic Network
China Economic Network Beijing, October 11, 2019 Today, the share price of Kaidi shares (605288.SH) fell. As of the close, Kaidi shares were reported at 55.47 yuan, down 0.05%, with a turnover of 10.0076 million yuan, a turnover rate of 1.04%, and a total market value of 3.921 billion yuan.
Kaidi shares were listed on the main board of the Shanghai Stock Exchange on June 1, 2020, with an issue price of 92.59 yuan per share. On the first day of listing, kaidi shares opened at 111.11 yuan and closed at 133.33 yuan. On June 3 of that year, the stock price of Kaidi shares refreshed the high point of 160.87 yuan. On July 23 this year, Kaidi shares fell below the issue price.
Kaidi Co., Ltd. has long been engaged in the research and development, production and sales of linear drive systems. After years of development, the company has formed a set of technology research and development, product development, manufacturing, domestic and foreign marketing in one of the whole process of service system, mainly for smart home, smart office, medical care, auto parts and other fields to provide supporting linear drive system products.
The number of shares issued by Kaidi shares for the first time is 12.50 million shares, all of which are new shares issued, there is no transfer of old shares, the sponsor and lead underwriter of the first listing is CITIC Construction Investment Securities Co., Ltd., and the sponsor representatives are Hu Haiping and Li Yanbin. The total amount of funds raised by the company was 1.157 billion yuan, and the net amount of funds raised was 1.075 billion yuan.
According to the prospectus issued by Kaidi Co., Ltd. on May 18, 2020, the raised funds will be used for the construction projects of linear drive system production bases and R&D centers, office furniture intelligent pusher projects, and supplementary working capital.
The company's initial listing fee was 82.3387 million yuan. Among them, CITIC Construction Investment Securities Co., Ltd. received an underwriting sponsorship fee of 62.7 million yuan.
In the year of listing, in 2020, Kaidi co., Ltd. achieved operating income of 1.272 billion yuan, an increase of 4.12% year-on-year; net profit attributable to shareholders of listed companies was 173 million yuan, a year-on-year decrease of 20.07%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 161 million yuan, a year-on-year decrease of 20.13%; net cash flow from operating activities was 57.9368 million yuan, a year-on-year decrease of 65.89%.
In the first half of this year, Kaidi co., Ltd. achieved operating income of 771 million yuan, an increase of 58.92% year-on-year; net profit attributable to shareholders of listed companies was 60.3863 million yuan, a year-on-year decrease of 11.44%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 48.3459 million yuan, a year-on-year decrease of 25.15%; net cash flow from operating activities was -19.3141 million yuan, a year-on-year decrease of 160.86%.