According to the Zhongtong Finance APP, Dameng Data (688692.SH) officially landed on the Science and Technology Innovation Board on June 12th, opening high by 256.49% in morning trading, with a highest price of 313.33 yuan. Based on the issue price of 86.96 yuan, the maximum profit for one sign is 113,200 yuan. At the same time, Huicheng Vacuum (301392.SZ) was the first listed new stock in June and closed up 753% on the first day, setting a new high for the year. Lian Technology (300784.SZ), the second listed new stock in June, also closed up 348.76% on the first day.

Today's listing of Dameng Data shows that the company is a leading developer and service provider of database products in China and a key promoter of the development of the domestic database basic software industry. The company provides various database products and related technical services such as database software and cluster software, cloud computing and big data products to large and medium-sized companies, enterprises and institutions, and party and government agencies, and is committed to becoming the world's top full-stack data product and solution provider.

Data Dream serves well-known customers including China Construction Bank, Bank of Communications, China Everbright Bank, Industrial Bank, Guangfa Bank, Agricultural Development Bank of China, China Life Insurance, Postal Savings Bank of China, People's Insurance of China, State Grid, China Aviation Information, China Mobile, China Tobacco, State Administration for Market Regulation, People's Procuratorates at all levels, people's courts at all levels, the National Development and Reform Commission, National Immigration Administration, China Securities Regulatory Commission, Shanghai Stock Exchange, Shenzhen Stock Exchange, and others, successfully applied in dozens of fields such as finance, energy, aviation, communication, party and government organs. According to reports released by CCID Consulting and IDC, the company's market share of products ranked among the top domestic database vendors in the Chinese database management system market from 2019 to 2022.

In terms of finance, in 2020, 2021, 2022, and January to June 2023, Data Dream realized revenue of about RMB 450 million, RMB 743 million, RMB 688 million, and RMB 28.7 million, respectively. Net profits for the same periods were about RMB 144 million, RMB 438 million, RMB 265 million, and RMB 72.257 million, respectively.

It is reported that the frequency of new stock listings has dropped significantly since the beginning of this year. As of June 12th, there have been 41 new listings this year, of which 11 are on the main board, 13 on the Growth Enterprise Market, 13 on the Beijing Stock Exchange, and 7 on the Science and Technology Innovation Board, with a total fundraising of 29.54 billion yuan. Compared with the same period last year, the number of new stock issuances this year has fallen by more than 70%. Wind data shows that there were 148 new stock issuances in the same period last year (January 1, 2023 to June 12, 2023), with a total fundraising of 183.801 billion yuan.

In the first four months of this year, a total of 26 new stocks were listed on the Shanghai and Shenzhen stock exchanges, of which only one broke on the first day with an underpricing rate significantly lower than that in 2022 and 2023. Based on the closing price on the first day of listing, the average profit for one sign for the 3 new stocks listed in May was 11,535 yuan, up from 10,645 yuan in April. However, it was lower than the annual high of 11,905 yuan created in August last year, and was only half of the year's highest value of 28,491 yuan, which appeared in February.

The new stock market has obviously improved. On the one hand, it is because the number of new stock issuances has decreased, highlighting the value of rarity; on the other hand, the Shanghai and Shenzhen Stock Exchanges have significantly strengthened their regulatory efforts on new stock pricing and have taken written warning measures against multiple offline inquiry agencies. Against the background of strict supervision of high-priced over-raising, the average price-to-earnings ratio of this year's new stock issuances is 25.24 times, significantly lower than that of the same period last year, with multiple new stock issuances priced at less than 10 yuan.

In the short term, institutions believe that relying on the gradually warming trading sentiment of new stocks and the relative pricing advantage, a new round of upward cycle of new stocks may be starting, and it is recommended to closely observe and pay attention to the possible increase in new stock trading enthusiasm.