On November 18, 2020, Youfa Group and Zhaowei Mechatronics opened the offline inquiry.
Youfa Group has no transfer of old shares. According to the funds raised in the prospectus, the IPO price of Youfa Group is estimated to be 12.86 yuan, with an estimated price-to-earnings ratio of 22.97 times, which is lower than the one-month average price-to-earnings ratio of 31.83 times for the metal products industry and below the red line of 23 times earnings.
Zhaowei mechanical and electrical shares without the transfer of old shares. According to the funds raised in the prospectus, it is estimated that Zhaowei Machinery's offering price is 75.12 yuan, with an estimated price-to-earnings ratio of 22.99 times, which is lower than the one-month average price-to-earnings ratio of 34.29 times for the electrical machinery and equipment manufacturing industry and below the 23 times price-earnings ratio red line.
Youfa Group (601686)
The company is the largest R & D, production and sales enterprise of welded steel pipe in China. the company's main products include welded round pipe, galvanized pipe, spirally welded pipe and so on, which are widely used in water supply, gas supply, heating, fire protection engineering, construction engineering and other fields. From 2006 to 2018, the company ranked first in production and sales in the country for 13 consecutive years; from 2006 to 2018, the company ranked among the top 500 Chinese enterprises and Chinese manufacturing enterprises for 13 consecutive years. The company adheres to the value concept of "win-win, mutual benefit and trust". It has established a good image in the industry. The trademarks of "Youfa" and "Zhengjinyuan" have been successively recognized as "well-known trademarks in China". "Youfa" brand welded pipe, galvanized pipe, Fangju welded pipe and steel-plastic composite pipe have been awarded the title of "Tianjin famous Brand products" by Tianjin Municipal Government for many years. "Zhengjinyuan" brand steel pipe won the title of famous brand products in Hebei Province in 2016. "Youfa" and "Zhengjinyuan" brands have become important image brands of the company, forming product brand advantages, enhancing customer stickiness, and promoting the long-term healthy development of the company.
Zhaowei Electrical and Mechanical (003021)
The company is a high-tech enterprise specializing in the research, development, production and sales of micro transmission systems, precision injection parts and precision molds. mainly for communication equipment, smart phones, service robots and many other fields of customers to provide customized micro-transmission systems and precision injection molding parts. Since its inception, the company has been adhering to independent innovation and constantly developing new products and technologies; at the same time, the company pays attention to cooperation with universities and research institutes to carry out industry-university-research projects and jointly build an innovation mechanism. The company has a strong professional and technical team, which is mainly composed of a group of engineers who have been engaged in the research and development of micro-transmission system for a long time, and have formed a systematic and omni-directional talent team from research and development, design, manufacturing, assembly to testing. The company's main R & D personnel have many years of experience in the micro-transmission industry, specializing in micro-transmission system design and development, precision mold design and manufacturing, precision injection molding, automatic integrated assembly, gear accuracy testing and transmission system testing and other fields, with a good theoretical and technical foundation and rich practical experience in research and development.