Investment tips for this issue:
Yuxin shares are recommended to be declared as soon as possible! In 2020, the 14th batch of inquiry started the IPO of Yuxin shares, which is intended to raise 1.133 billion yuan; the remaining one proposed to issue new shares at a pre-disclosed net amount of 1.034 billion yuan, the total amount of new shares raised may reach 4.3 billion yuan, which will double from the previous month. The expected offering price of Yuxin shares according to the amount of capital to be raised is 39.99 yuan, and the corresponding PE is 19.31 times, which is 16.81 times higher than the static PE of the industry for nearly a month. It is expected that the issue will be postponed, but there is also the uncertainty of final pricing according to the industry. In order to avoid overreporting and excluding the risk, it is recommended to declare as soon as possible! We will continue to track the market game environment and other factors, such as the proposed declaration price adjustment, will issue an update report in time, please follow!
In the case of neutral expectations, the offline placement ratios of categories A, B and C under the Yuxin share network are 0.0298%, 0.0289% and 0.0131% respectively, and the funds allocated to the single account under the lower limit of the expected price range are 23800 yuan, 23100 yuan and 10500 yuan respectively.
The score of AHP model-Yuxin Co., Ltd. is at the top. After considering the liquidity premium level and the absolute price, we believe that the listing performance of the 14th batch of newly listed Yuxin shares and the unlisted three banks (that is, the initial increase in the listing) are in the following order: Yuxin shares and Sanren Bank.
Yuxin shares is the largest LPG deep processing enterprise in South China, which has built and put into production several sets of LPG deep processing products, creating a closed-loop circular economy production process, which not only minimizes the loss of LPG raw materials, but also realizes the production of low energy consumption and low emission, and has outstanding environmental protection and cost advantages in the industry. 2017-2019 The national market share of the company's isooctane products is 3.23%, 3.25% and 2.52% respectively, which is in the forefront of the national market. In 2019, the company's methyl tert-butyl ether production accounted for about 30% of the South China market. It is also necessary to guard against risks such as macroeconomic fluctuations and policy uncertainty, centralized procurement of LPG, production safety and so on. Sanren Bank is a comprehensive advertising media enterprise specializing in integrated marketing services, the business has covered most areas of the country, won a number of advertising industry awards, and established a high brand awareness and market position in the advertising industry. The company has rich online and offline media resources, as of the end of June 2019, the company's campus media network has covered more than 800 universities in 31 provinces (autonomous regions and municipalities directly under the Central Government); in terms of online media resources, the company has established good business relations with byte jumping, Tencent, Sina, and many other well-known Internet media in China. At the same time, it has also been long-term recognized by many large and well-known enterprise customers in important areas of the national economy, such as telecommunications operators, finance, Internet, FMCG and other important areas of the national economy. In addition, it is necessary to guard against the risks of high customer concentration, intensified market competition and the decline of comprehensive gross profit margin.