Lichen Industrial (stock code: 001218) was listed on the Shenzhen Stock Exchange on October 15, 2021.
Lichen Industrial publicly issued 22.5 million shares this time, including 22.5 million new shares. The issue price was 45.51 yuan per share. The new shares raised 1.024 billion yuan. The total equity after the issuance was 8 , 9.9955 million shares. Lichen Industrial is mainly engaged in the research and development, production and sales of surfactants and detergents. In 2020, the company achieved operating income of 2.371 billion yuan and net profit of 222.3312 million yuan.
Listing performance
On the third trading day of listing, the stock fell by the limit for two days. Trading conditions show that on October 19, Lichen Industrial opened at the lower limit price of 53.08 yuan/share. The company failed to open the lower limit throughout the day. As of the close of the day, it reported the lower limit price of 53.08 yuan/share. The total market value was 4.777 billion yuan. It was on sale. There are still 47,900 sell orders queued up at the first position, with a transaction volume of 21.47 million yuan on that day and a turnover rate of 1.8%.
It is understood that Lichen Industrial has just landed on the A-share market on October 15, and achieved a daily limit on the day of listing. However, the company's stock price fell to the limit on the second day of listing. October 19 was also the day Lichen Industrial went public. the third trading day. On the two trading days of October 18 and October 19, Lichen Industrial’s total market value evaporated by 1.12 billion yuan. As of October 15, the number of shareholders of Lichen Industrial was 53,600.
It is indeed rare in A-shares for new stocks to fall continuously after their listing, which will inevitably bring a certain degree of panic to investors. China Telecom had the same experience as Lichen Industrial before, and it fell below the limit twice in a row in three trading days after its listing.
Lichen Industrial
The main business of Lichen Company is the research and development, production and sales of surfactants and detergents. The surfactant products developed and produced by the company are core raw materials for personal care and household washing products such as shampoo, shower gel, hand soap, laundry detergent, and laundry detergent.
The company is committed to the research and development and production of mid-to-high-end surfactant products. Natural oil-based products are mostly used in personal care products such as shampoo and shower gel. After years of development, it has gradually created a brand with "AW" as its name. The iconic brand of surfactant products has established the company's dominant position in the field of mid-to-high-end products. The company's brands such as "AW", "Glorious" and "Matou" have been recognized as famous trademarks in Hunan Province for many times, and the "AW" trademark has been recognized as a well-known trademark in China by the State Administration for Industry and Commerce. In 2019, the production and sales volume of the company's leading surfactant products, AES and LAS, ranked among the top three in the country.