What about the market outlook of Haitai New Energy's landing on the North Stock Exchange in 222?
on August 8th, Haitai Xinneng (835985) officially landed on the North Stock Exchange. Its stock opened sharply higher with an increase of 22.1%, and then rose further, hitting an intraday high of 12.65 yuan/share, and closing at 11.53 yuan/share, with an increase of 27.4%. So today, Xiaobian is here to sort out the relevant knowledge of stocks for everyone. Let's take a look!
"Haitai Xinneng ignites market confidence"
It is noteworthy that the first day performance of Haitai Xinneng gave the North Stock Exchange a "shot in the arm".
Regarding the performance of Haitai Xinneng on the first day of listing, Zhou Yunnan, the founder of Beijing Nanshan Investment, said that Haitai Xinneng, the first listed new share with a net profit of over 1 million yuan after the opening of the North Stock Exchange, lived up to the market expectations today, opening sharply at 22.1% and closing up at 27.4%, mainly benefiting from the recent strength of the first two new shares Huifeng Diamond and Peiter, as well as the surge in the photovoltaic concept sector of the previous A shares. The turnover rate of the whole day is 31.73%, which may be due to the relatively high circulating stock. The turnover was 431 million yuan, a record high for new shares recently. The overall performance was in line with market expectations and once again ignited market confidence.
in the two months before this, the first day performance of the new shares of Beijing Stock Exchange was relatively low, and even irrational breaking occurred. Wind data shows that from June 1 to the end of July, 11 new shares of the North Stock Exchange were listed one after another, and 4 new shares broke on the first day, and the highest increase on the first day was 6.29% of the shares of Youji.
Take Chenguang Cable, which was listed on July 12th, as an example. It is one of the top 5 enterprises in China's cable industry and the first echelon supplier of the State Grid. In 221, the company's revenue was 2.115 billion yuan, and the net profit attributable to its mother was 6.57 million yuan, ahead of most new shares listed during the year. However, the performance of the stock on the first day of listing was not as good as market expectations.
Kerun Zhikong, which was listed on July 13th, is an enterprise specializing in transmission and distribution equipment, high and low voltage complete sets, special containers for power, transformers and new energy series products, and it is the third batch of "specialized and innovative" small giant enterprises of the Ministry of Industry and Information Technology. On the first day of listing, it finally broke 1.16%.
Huifeng Diamond, which went on the market later, was in the popular diamond cultivation track, but it only rose by 3.62% on the first day of listing.
after multi-party games, the subsequent share prices of some stocks that broke irrationally at the beginning of listing were repaired. Up to now, many of the above-mentioned broken new shares have returned to the issue price, among which the latest share price of Huifeng Diamond is 49.58 yuan/share, which is nearly 76% higher than its issue price.
After more than ten years of deep cultivation of photovoltaic modules, the profit in 221 was 147 million
Analysis pointed out that the performance of Haitai Xinneng on the first day was also closely related to its company's texture.
according to public information, Haitai Xinneng is a new energy solution provider focusing on the R&D, production, processing and sales of crystalline silicon solar photovoltaic modules, and developing, constructing and operating solar photovoltaic power plants.
At present, the company is the first echelon component manufacturer of BNEF. Based on the component production caliber, the company's components accounted for 2.21%, 2.6% and 2% in the domestic market from 219 to 221.
as the terminal product of photovoltaic industry, the module production is closely integrated with the market, and the product is updated quickly, which requires a strong market contingency mechanism and higher requirements for design and development capabilities. After years of R&D investment, Haitai New can continuously improve product quality and component conversion rate, and the company's products have been widely recognized by well-known customers at home and abroad.
According to Haitai Xinneng, the company is a supplier of domestic mainstream photovoltaic customers such as Gezhouba Group, Guodian Investment Group, Huadian Group, China Power Construction, China Huaneng, Sunshine Power, Three Gorges New Energy, China Merchants New Energy, Jingke Power and TBEA, and has developed world-class customers such as Japan Xikong, BELL, United Regeneration and KIOTO, as well as Sharp, BYD, Jingke Energy, Jingoto.
in terms of performance, from 219 to 221, Haitai Xinneng achieved revenue of 1.918 billion yuan, 2.65 billion yuan and 4.528 billion yuan respectively, and the net profit returned to the mother in the same period was 59.69 million yuan, 62.5 million yuan and 147 million yuan.
specifically, the sales revenue of photovoltaic components and component OEM business accounts for more than 97%, among which private brand components are the main revenue source of the company, accounting for more than 8% in 221.
in addition, Haitai Xinneng's main business is further extending to the downstream of the photovoltaic industry chain, and it has begun to lay out photovoltaic power station business. By the end of 221, the company had built and held a number of photovoltaic power stations.
The photovoltaic industry has a high prosperity, and the profits of 1 companies are over 4 million a day.
The photovoltaic industry has a broad development prospect or has become an industry knowledge. According to the Zhongtai Securities Research Report, due to the green and low-carbon energy transformation and the support of industrial policies in various countries, the installed capacity of photovoltaic devices has increased rapidly. In 221, the installed capacity of photovoltaic devices in China increased by 54.88GW, up by 13.9% year-on-year, driving the demand for photovoltaic modules to rise.
According to the data of China Photovoltaic Industry Association, in the first half of this year, the export volume of photovoltaic modules was 78.6GW, a year-on-year increase of 74.3%; The export value of components was US$ 22.2 billion, more than doubling year-on-year, and the demand in overseas markets was hot. Citic Securities said that Europe will accelerate the construction progress of photovoltaic projects, and the overseas installed capacity is expected to maintain a relatively high growth. In 222, the global installed capacity is expected to exceed 23GW.
meanwhile, the demand at home and abroad is expected to boost. Citic Securities said that driven by the domestic scenic base, the distributed promotion of the whole county and the BIPV policy, the industry demand has accelerated, and it is expected that the domestic PV installed capacity will increase to 8GW in 222.
according to soochow securities's calculation, in 222-225, the total installed capacity of wind and light will exceed 4GW, including 46GW/ year for photovoltaic. Therefore, it is judged that the installed capacity of 12GW in 23 is more of the lower limit target, and the real installed capacity may far exceed it. Under this background, the photovoltaic industry will usher in a sustained high-prosperity era.
As it is located in the popular photovoltaic track, Haitai Xinneng has attracted the attention of many institutions and investors since its launch.
The results of online issuance show that CITIC Jiantou, State-regulated Strategic Emerging Industry Investment Fund (Chuzhou) Partnership (Limited Partnership), Shenzhen Danguishun Asset Management Co., Ltd., Guangfa Fund, E Fund, Entropy Asset Management (Beijing) Co., Ltd., Shandong Innovation Group Co., Ltd., Shanghai Aixu New Energy Co., Ltd., Beijing Dongxing Huarong Investment Management Co., Ltd. and Chongxin Chenrong (Qingdao) are privately placed.
Beijing Stock Exchange can pay attention to the valuation and cost performance
After Haitai Xinneng, the three-dimensional shares have also been issued and will soon land in Beijing Stock Exchange. Recently, with the acceleration of the IPO review process and the continuous favorable policies, the funds for participating in the new issuance of the North Stock Exchange have rebounded to some extent. The recently issued frozen funds for online issuance of Peiter and Haitai Xinneng are 4.2 billion yuan and 32.3 billion yuan respectively, which is a significant increase compared with Huifeng Diamond's 18.5 billion yuan and Kerun Zhikong's 16.6 billion yuan.
However, due to the obvious differentiation of the performance of new shares after listing, it is no longer a "steady profit without loss" business. Therefore, innovation has put forward higher requirements for institutional investors and individual investors.
Shenwan Hongyuan Research Report suggests that the first priority of innovation is to pay attention to the valuation cost performance ratio, and individual stocks can be optimized by combining the industry prosperity and its own growth certainty, focusing on four directions:
1) new material targets with high technical barriers and high downstream prosperity;
2) in the high-end manufacturing segment, imports replace the main force;
3) "new energy+"targets that have benefited from the transformation of energy structure for a long time and have high performance;
4) The field of new generation information technology (semiconductor, etc.), and the subject with self-controllable core capability.
At the same time, the above-mentioned institutions believe that the current market valuation of the North Exchange is at a low level, and long-term investment opportunities appear; Since July, boosted by the news that the second batch of theme funds have been approved for registration and the first stock product has been released from the investment ratio limit of the North Stock Exchange, the market activity has improved, or it will open a good situation for companies and funds in Shuang Sheng.
According to Zhu Weiyi, general manager of Guangdong Power Equity Investment Fund Management Co., Ltd., since July, investors in the North Stock Exchange have found more and more feelings. For particularly high-quality enterprises, it is more rational to deduct 25 times after issuing, and the opening price will increase by about 2% on the same day. Investors who participate in new shares can make a profit and withdraw, and investors who come in the secondary market also have room for operation, so that the capital market in the primary and secondary markets can develop healthily.
For the selection of new shares, Zhu Weiyi thinks that there are several indicators that can be screened: the industry prospect is very good, the price-earnings ratio of issuance is not too high, about 25 times, the proportion of tradable shares should not be too large, and the cost of tradable old shares should not be too low.