Jiaman Apparel + Shengtong Energy IPO Analysis

time:2022-09-29 13:21:32 source:clevelanddrifters.com author:Technology stocks
Jiaman Apparel + Shengtong Energy IPO Analysis

1. Jiaman Garment Co., Ltd. is a mid-to-high-end children's clothing operation enterprise. Its business covers the core business links of children's clothing research and development, brand operation and promotion, direct sales and franchise sales. The company's products cover 0-16 years old (mainly 2-14 years old) boys and girls clothing and underwear socks and other related ancillary products. The company started to subscribe on August 30, the issue price was 40.66 yuan per share, the market value before the issue was 3.293 billion, and the issue price-earnings ratio was 25.15 times, which was 13.95 times higher than the industry price-earnings ratio. It belongs to the Growth Enterprise Market and the sponsor is Dongxing Securities. From 2019 to 2021, the company's revenue is 896.5 million, 1.043 billion, 1.214 billion, and the revenue in 2021 will increase by 16.38% year-on-year; net profit will be 89.48 million, 118.8 million, 194.7 million, and the net profit in 2021 will be year-on-year. An increase of 63.83%. The company expects that the revenue in the third quarter of 2022 will increase by -1.31%~-5.37% year-on-year, and the non-net profit will increase by -10.48%~-15.45% year-on-year. Taking the 2021 annual report as an example, Lao Yu compared several companies in the same industry. The companies in this industry are uneven, the good ones are very good, the bad ones are very bad, and it is not easy to compare. Subscription strategy: The company has developed very well in the past few years. Revenue and net profit have maintained growth every year. Net profit in 2021 will increase by 63.83% year-on-year. However, the company expects the non-net profit to increase by -10.48%~-15.45% year-on-year in the third quarter of 2022. The company's issuance price-earnings ratio is 25.15 times, which is higher than the industry's price-earnings ratio of 13.95 times. Lao Yu compared several companies in the same industry. The companies in this industry are uneven, good and very good, but most of the fundamentals are relatively poor, and it is not easy to compare. The company's plate is not very big, with a total market value of 4.391 billion yuan, and the issue price of 40.66 yuan is actually not very cheap. The current IPO market in the clothing industry has also declined a bit. It is recommended to subscribe carefully. I plan to give up the subscription! 2. The main business of Shengtong Energy is the procurement, transportation and sales of LNG, as well as the transportation of crude oil and general cargo. Relying on its own stable and large-scale LNG tanker carrying capacity, relying on the nationwide LNG production and sales business network, and using an efficient information Internet management platform, the company provides one-stop LNG for customers in industrial fuel, urban gas, transportation fuel and other application fields. Shipping solutions. The company started to subscribe on August 30, the issue price was 26.78 yuan per share, the market value before the issue was 2.41 billion, and the issue price-earnings ratio was 19.93 times, which was 11.35 times higher than the industry price-earnings ratio. It belongs to the Shenzhen Stock Exchange and the sponsor is Guoyuan Securities. From 2019 to 2021, the company's revenue is 3.037 billion, 3.598 billion, and 4.881 billion respectively. The revenue in 2021 will increase by 35.67% year-on-year; the net profit will be 23.4 million, 111.8 million, and 174 million, respectively, and the net profit in 2021 will be year-on-year. An increase of 55.57%. The company expects that in 2022, revenue will increase by 12.04% year-on-year, net profit will increase by 12.78% year-on-year, and non-net profit will increase by 12.29% year-on-year. Taking the 2021 annual report as an example, Lao Yu compared several companies in the same industry, and the average price-earnings ratio is 83.36 times, so it seems that the valuation of Shengtong Energy is low. Subscription strategy: The company is doing well, with revenue and net profit increasing every year, and the net profit in 2021 will increase by 55.57% year-on-year. The company expects that its net profit in 2022 will increase by 12.78% year-on-year. Although the growth rate has slowed down, at least it will still increase. The company's issuance price-earnings ratio is 19.93 times, which is higher than the industry's price-earnings ratio of 11.35 times. However, Lao Yu compared the two companies in the same industry. Compared with the two companies in the same industry, the valuation of Shengtong Energy is still low. 26.78 yuan is still cheap, and it is a new stock on the Shenzhen main board. It is recommended to subscribe with confidence. I plan to participate in the subscription! Subscription level of new shares: Purchase with confidence > Purchase cautiously > Give up subscription My remarks represent only personal opinions and do not constitute any investment basis. The stock market is risky, and you need to be cautious when entering the market! Follow me: Xiaosan Laoyu# Caijing# #Playing new shares# #stock# #IPO# #

(Responsible editor:Aerospace stock)