Zhitong Financial App News, Sainz (688480.SH) announced that the company negotiated with the sponsor institution (lead underwriter) to determine the IPO price of 19.18 yuan per share. The online application time is 9:30-11:30, 13:00-15:00 on November 16, 2022, and the offline application time is 9:30-15:00 on November 16, 2022.

It is reported that the diluted price-earnings ratio of the issuer corresponding to the issue price of 19.18 yuan per share before and after deducting non-recurring profits and losses in 2021 is 48.09 times, which is higher than the average static price-earnings ratio of issuers in the industry recently released by China Securities Index Co., Ltd. is higher than the average static price-earnings ratio of comparable companies in the same industry, and there is a risk that the decline of issuers' share prices will bring losses to investors in the future.