"Big Meat Stick" Xianying Technology went public on Wednesday, and Procter & Gamble and Blue Moon supplier Lichen Industry opened for subscription this Friday

21st Century Business Herald reporter Man Le and intern Shen Qingyan reported in Beijing

On September 22, two new shares were listed on A-shares. Among them, the issue price of computer, communication and consumer electronics (3C) product manufacturer Xianying Technology (301067.SZ) is as high as 47.58 yuan / share, which is expected to become one of the "big meat sticks" that earn more than 100,000 yuan per sign. As of press time, the stock price of Xianying Technology was reported at 88.88 yuan / share, up 86.8%. Another IPO, Master Profit (301066. SZ) was quoted at 21.68 yuan / share, up 331.74%

According to the IPO arrangement, there will be 3 new shares of A-shares this week, including 1 main board of the Shenzhen market and 2 main boards of the Shanghai market. Among them, the chemical company Lichen Industry is a surfactant supplier of well-known brands such as Procter & Gamble and Blue Moon, and has the potential of "meat sticks", which is worthy of attention.

<h4>Zhongyi Xianying Technology is expected to earn more than 100,000 yuan</h4>

The issue price of Xianying Technology listed on the ChiNext Board today is as high as 47.58 yuan per share, and the top subscription requires a Shenzhen market value of 135,000 yuan, which has the potential of "meat signature".

If its first day of listing rises by 100%, it can make a profit of 23,800 yuan; if it reaches 200%, it can make a profit of 47,600 yuan; if it reaches 200%, it can make a profit of 47,600 yuan; if it reaches 300%, it can make a profit of 71,400 yuan. If the increase on the first day of listing can reach 421%, zhongyi Xianying Technology can earn more than 100,000 yuan.

According to the prospectus, Xianying Technology is an ODM (original design manufacturer) supplier of peripheral products and components for computer, communication and consumer electronics (3C), and its main business is the research and development and production of signal conversion expansion products, which will account for more than 80% of its total revenue in 2020. Xianying Technology products are positioned in the high-end market, and have established long-term cooperative relations with the world-renowned 3C peripheral brands such as Belkin, StarTech.com, Greenlink Technology, Cropmark, etc.

From the perspective of financial data, from 2018 to 2020, the operating income of Xianying Technology was 400 million yuan, 421 million yuan and 531 million yuan, respectively, with an annual compound growth rate of 15.22%; the net profit attributable to the mother was 23.0341 million yuan, 51.7513 million yuan and 66.4066 million yuan, with an annual compound growth rate of 69.79%. The number of new shares issued by Xianying Technology in this public offering is 13.51 million shares, accounting for no less than 25% of the total share capital after the issuance.

Also listed today, there is another GEM new stock, Wanshili.

According to the prospectus, Wanshili is mainly engaged in the research and development, design, production and sales of silk-related products. The number of shares in this public offering shall not exceed 33.63432 million shares, accounting for no less than 25% of the total share capital after the issuance, and the issue price will be 5.24 yuan per share.

<h4>This week, 3 new shares can be purchased, and Lichen Industry has the potential of "meat sticks"</h4>

According to the IPO arrangement, this week (September 20 to September 24) there will be 3 new shares subscribed for A shares, including 2 main boards in shanghai (Chunxue Food and Shengtai Group) and 1 main board in Shenzhen (Lichen Industry). All three new shares were opened for subscription on Friday, with a total of about 128 million shares issued and an estimated total of about 2.173 billion yuan.

(Pictured: List of new stock subscriptions this week)

Among them, Lichen Industry, a fine chemical enterprise planned to be listed on the main board of the Shenzhen Market, has the potential of "meat sticks" and is worthy of attention. Lichen Industry plans to publicly issue 22.5 million shares, and the current estimated issue price is as high as 45.51 yuan per share, and the top grid subscription needs to be allocated to the Shenzhen market value of 90,000 yuan.

If the first day of listing can reach 100%, the profit of a single signature can reach 22,755 yuan; if it can reach 200%, the profit of a single signature can reach 22,755 yuan; if it can reach 200%, the profit of a single signature can reach 45,510 yuan; if it can reach 300%, the profit of a single signature can reach 68,265 yuan.

According to the prospectus, the main business of Lichen Industry is the research and development, production and sales of surfactants and detergents. Surfactant products are the core raw materials for personal care and household washing products such as shampoo, shower gel, hand sanitizer, laundry detergent, etc. Lichen Industrial's surfactant products are mainly supplied to customers including Procter & Gamble, Blue Moon, Velux, L'Oréal and other well-known brands in the industry, and the surfactant business revenue accounted for about 90% of the company's main business revenue during the reporting period.

From 2018 to 2020, the company's operating income was 1.835 billion, 1.993 billion and 2.371 billion, with an annual compound growth rate of 13.67%,; the net profit attributable to the mother was 89.3982 million yuan, 131 million yuan and 222 million yuan, respectively, with an annual compound growth rate of 57.94%. However, it is worth mentioning that the company's main profit model is to produce for large enterprises, OEM sales accounted for 89% of the main revenue in the past three years, while the sales of independent brands accounted for only about 11%.

Chunxue Food is mainly engaged in the research and development, production, processing and sales of white feather chicken chicken food, and its main products are chicken conditioning products and fresh products. From 2018 to 2020, the company's operating income was 1.599 billion yuan, 1.943 billion yuan and 1.863 billion yuan, respectively, and the non-net profit was 69.327 million yuan, 94.3232 million yuan and 103 million yuan, respectively. In 2020, affected by the new crown epidemic and changes in the supply and demand of chicken seedlings, the company's revenue fell by 4.11% year-on-year, and the growth rate of net profit also plummeted from 36.06% in 2019 to 8.84%. In addition, as of the end of 2020, the company's consolidated asset-liability ratio was 54.90%, and the parent company's asset-liability ratio was 50.94%, both higher than the industry average, and there was a certain debt repayment pressure. The total amount of funds to be raised this time is about 541 million yuan, which will be used for the construction project of the smart factory that slaughters 50 million broiler chickens per year, the construction project of the smart factory with an annual output of 40,000 tons of chicken meat conditioners, the construction project of the broiler breeding demonstration farm, the marketing network and brand building promotion project, the informatization and intelligent construction project, and the permanent supplementary working capital.

Shengtai Group is a multinational enterprise in the textile and garment industry mainly engaged in the production and sales of textile fabrics and garments, with production capacity distributed in China, Vietnam, Cambodia and Sri Lanka. The company mainly serves high-end brands at home and abroad, and has established long-term cooperative relations with leading clothing brands in the industry such as Ryf Lauren, Uniqlo, Lacoste, etc., and is currently one of the most powerful cotton textile fabrics and garment manufacturing enterprises in China. During the reporting period, Shengtai Group achieved operating income of 5.290 billion yuan, 5.570 billion yuan and 4.702 billion yuan respectively, and net profit attributable to the mother of 235 million yuan, 269 million yuan and 293 million yuan. The number of shares in this public offering is 55.56 million shares, accounting for no less than 10% of the total share capital after the issuance; the total amount of funds to be raised is about 695 million yuan, which will be used for fabric technology transformation and construction project (Shengzhou), fabric technology transformation and expansion construction project (Vietnam), Hunan Xinma Garment Co., Ltd. production line technology transformation and upgrading construction project, Shengtai Group intelligent manufacturing system construction project, Henan weaving and garment production center construction project and supplementary working capital.

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