40.72 yuan.
This issuance adopts targeted allotment to strategic investors (hereinafter referred to as "strategic allotment"), offline inquiry allotment to qualified investors (hereinafter referred to as "offline issuance") and holders of non-restricted A-shares or non-restricted shares in the Shenzhen market.
The method of online pricing and issuance by public investors of the market value of restricted depositary receipts (hereinafter referred to as "online issuance").
In addition to the relevant subsidiaries of the sponsor institution following suit (for example, if the issuance price exceeds the median and weighted average of offline investor quotes after excluding the highest quote, and after excluding the highest quote, public funds, social security funds, pension funds, enterprise annuity funds,
The lower of the median and weighted average of insurance fund quotations), this issuance will not arrange strategic placement to other external investors, and the relevant subsidiaries of the sponsor institution will participate in the strategic placement of this issuance in accordance with relevant regulations.
The strategic placement was conducted at Hua'an Securities, and the preliminary inquiry and offline issuance were organized and implemented by Hua'an Securities through the Shenzhen Stock Exchange's offline issuance electronic platform.
1. Company profile Business scope: R&D of plastic packaging products, intelligent logistics technology, and environmental protection technology; and development and production of thick-walled thermoformed plastic linings and other thick-walled thermoformed plastic recyclable packaging products; maintenance and repair of household appliances; metal
Manufacturing of products and hardware accessories; rental services of plastic packaging boxes and iron frames; general cargo storage; handling services; domestic land freight forwarding; road transportation of goods; import and export of self-operated goods and technology, but the state restricts operations or prohibits import and export
Except for goods and technology.
(Projects that require approval according to law can only be operated after approval by relevant departments) 2. The main business is R&D, production and sales of customized recyclable plastic packaging, and providing overall solutions for customized recyclable plastic packaging.
The price of shares issued online through the Shenzhen Stock Exchange trading system is the most basic and important content in the stock issuance plan. It is related to the fundamental interests of the issuer and investors and the performance of the stock after listing.
If the issuance price is too low, it will be difficult to meet the issuer's financing needs and even harm the interests of the original shareholders; but if the issuance price is too high, it will increase the risks for investors, increase the issuance risks and difficulty of the underwriting agency, and inhibit investors' enthusiasm for subscription.
, affecting the performance of stocks after listing.
Therefore, the issuing company and underwriters must comprehensively consider the company's profits, its industry factors, secondary market stock price levels and other factors to determine a reasonable issuance price.
3. Judging from the experience of international stock issuance, the most commonly used methods for stock issuance prices are cumulative sequence, fixed price and a combination of cumulative sequence and fixed price.
There are two ways to determine the stock issuance price in my country: one is the fixed price method, that is, the lead underwriter and the issuer determine the new stock issuance price according to the price-earnings ratio method before the issuance: new stock issuance price = after-tax profit per share × issuance price-earnings ratio.
The second is the range price search method, also known as the "bidding issuance" method.
That is, the upper and lower limits of the IPO price are determined, and the price that meets the maximum transaction volume is used as the determined issuance price based on the collective bidding principle.
For example, if new shares are issued through bidding, the upper limit is 10 yuan and the lower limit is 6 yuan.
When it is released, subscribers can subscribe at a price acceptable to them.
In this way, 8 yuan can satisfy the maximum transaction volume of all subscribers, so 8 yuan becomes the final issue price.
All subscriptions above or equal to 8 yuan can subscribe for new shares, while subscriptions below 8 yuan cannot subscribe for new shares.
This issuance method is often used when issuing new shares.
The issuance price of new shares mainly depends on the after-tax profit per share and the issue price-to-earnings ratio.
Since the approval system was implemented in 2001, IPO price-to-earnings ratios have generally been above 50 times.