Original title: capital State overseas IPO Weekly | XPeng Inc. broke in the first day of listing, and Santeng Technology soared 6-fold on the first day of listing. Source: capital State

Last week (July 5-July 11), a total of five companies listed in Hong Kong stocks and four companies listed in US stocks.

In the meantime, no company passed the hearing last week.

In terms of queuing, last week, 14 companies submitted their forms to the US Securities Regulatory Commission and 2 companies to the Hong Kong Stock Exchange. The following is the full list:

This week (July 12-July 18), a total of 12 companies plan to list on the Hong Kong Stock Exchange and 10 companies plan to list on US stocks.

First, the list of Hong Kong stocks listed: XPeng Inc. returned to Hong Kong for a second listing and broke in the first day of listing.

Last week, five companies listed in Hong Kong, namely, Chaoju Ophthalmology, XPeng Inc., Konoya, Li Li Holdings and so on. Among them, the opening price of Chaoju Ophthalmology on the first day of listing was 10.6 Hong Kong dollars, which was the same as the offering price, and closed up 33.02% on the day. XPeng Inc. opened at HK $168 on its first day of trading, up 1.82% from its offering price of HK $165.The closing price was in line with the offering price. Conoya opened at HK $78 on its first day of trading, up 46.34 per cent from its offering price of HK $53.3 and closing up 27.58 per cent to HK $68. Belle Holdings opened at HK $4.83 on its first day of trading, up 47.26 per cent from its offering price of HK $3.28 and closing up 5.49 per cent to HK $3.46.

XPeng Inc.

On July 7, XPeng Inc. opened at HK $168 on its first day of trading, 1.82% higher than the IPO price of HK $165a share, with a market capitalization of HK $284.2 billion. However, shortly after the opening, the share price fell back and fell below the issue price, and the closing price was the same as the issue price.

XPeng Inc., founded in 2015, has developed into China's leading smart electric vehicle company, listing on the New York Stock Exchange in August 2020.

XPeng Inc. is engaged in the design, development, manufacture and marketing of intelligent electric vehicles in China. According to IHS Markit, as of the last practical date, the company was the only car company in China to independently develop full-stack self-driving technology and apply the software to mass-produced cars.

From 2018 to 2020, XPeng Inc. 's total income was 9.706 million yuan, 2.321 billion yuan and 5.844 billion yuan respectively, and the net loss during the period was 1.399 billion yuan, 3.692 billion yuan and 2.732 billion yuan. In the first quarter of 2021, the company's total revenue was 2.95 billion yuan, an increase of 616.1% over the same period last year, and a net loss of 787 million yuan, an increase of 21% over the same period last year.

Second, the list of Hong Kong shares listed on the table: Zhongtian Construction has a high debt and has submitted the form for the third time.

Last week, a total of two companies submitted prospectuses to the HKEx, both of which plan to land on the main board of the HKEx, specifically YIDA Health and Zhongtian Construction.

According to industry classification, according to GICS industry classification level, the companies that delivered the table last week came from different industries, YIDA Health belongs to the health care industry, and Zhongtian Construction belongs to the industrial industry.

Zhongtian construction

Zhongtian Construction was listed on the new third board in May 2017 and delisted in January 2019. Zhongtian Construction submitted its prospectus to the HKEx twice in May and December 2020. On July 9 this year, Zhongtian Construction submitted its prospectus to the Hong Kong Stock Exchange for the third time.

According to the prospectus, Zhongtian Construction is a general contracting construction group in Hunan Province with a history of more than 40 years. Calculated according to the construction income in 2020, the company ranks fifth among the non-state-owned construction enterprises in Hunan Province with the first-class qualification of general contracting, with a market share of about 0.4%.

Zhongtian Construction is mainly committed to providing engineering construction services, including: (I) civil construction services, mainly as general contractors for residential, industrial and commercial construction projects; (ii) municipal engineering services, including urban road, educational institutions, gymnasium and water supply projects; (iii) foundation engineering services, including foundation engineering and earthworks. (iv) prefabricated steel structure engineering services; and (v) other professional contracting projects, including professional contracting of building decoration and decoration projects.

In 2018, 2019 and 2020, the total income of Zhongtian Construction is about 1.53 billion yuan, 1.822 billion yuan and 1.77 billion yuan respectively, while the gross profit is 136.5 million yuan, 183.4 million yuan and 189 million yuan respectively, and the gross profit margin is 8.9%, 10.1% and 10.7% respectively.

But during the period, the net profit of Zhongtian Construction was 35.708 million yuan, 50.86 million yuan and 49.599 million yuan respectively, and the net interest rate was 2.3%, 2.8% and 2.8% respectively.

In addition, Zhongtian Construction is heavily in debt, and the number of turnover days is also increasing year by year. By the end of May this year, the company's spot debt was as high as 110 million yuan, while the company's cash and cash equivalents were about 43 million yuan in the same period, so it was difficult to fully cover the debt scale. From 2018 to 2020, the amount of trade receivables and bills receivable of Zhongtian Construction was 279 million yuan, 489 million yuan and 519 million yuan respectively, accounting for 20%, 26.2% and 27.8% of the income. the average turnover days of trade receivables and bills receivable were 50.9 days, 76.9 days and 103.9 days respectively, showing a significant increase.

III. List of US stocks listed: Santeng Technology soared nearly sixfold on its first day of listing.

Last week, the U. S. stock market ushered in the successful listing of four companies, including a Chinese stock: financial services provider Santeng Technology.

According to the industry classification, according to the GICS industry classification level, the companies that delivered the table last week came from four different industries, including raw materials, non-daily consumer goods, health care and finance.

From the perspective of IPO issuance, AgriFORCE Growing Systems and Santeng have the highest IPO price, both of which are $5, raising $14 million and $20 million, respectively.

Among the four newly listed companies, Moving Image Technologies rose the most in terms of the closing price of the shares on the first day of listing, up 700% from the offering price, and the closing price was 24 US dollars.

Santeng Technology

On July 9, Santeng landed on Nasdaq and opened at $42.99, up more than 7.50 times the IPO price ($5).

Santeng soared again after the start of trading, hitting a circuit breaker, peaking at $52, and its shares rose 597.8% to $34.89 by the close of its first day of trading.

Santeng Technology is a growing financial services provider that provides comprehensive financial services in China, including consumer loan repayment and collection management, loan recommendation, and prepayment network services.

In 2018, 2019 and 2020, Santeng's revenue was $6.389 million, $3.965 million and $3.595 million, respectively, and net profit was $1.155 million, $1.834 million and $1.587 million, respectively.

Fourth, the queuing list of US stocks: the enthusiasm of US-listed Chinese stocks weakens.

Last week, 14 companies submitted prospectuses to the US Securities Regulatory Commission, and there were no Chinese-listed stocks. This is the first week that no Chinese-listed stocks have submitted their forms to the US Securities Regulatory Commission in nearly a month.

According to the GICS industry classification level, among the 14 companies submitting the list, the health care industry has the largest number of companies, with a total of 10 health care companies, while the other 4 companies are from non-daily consumer goods, consumer goods, information technology and financial industries.

Outlook for new shares this week: there are 12 companies planning to list on the Hong Kong Stock Exchange and 10 companies planning to list on US stocks.

As of 16:00 on July 13th, four companies have been listed on the Hong Kong Stock Exchange this week, including Lingyue Service, Youxihui, Tengsheng Boyao-B and South China Vocational Education. Eight more companies are expected to join the Hong Kong Stock Exchange. No Hong Kong stock company has launched an initial public offering this week.

Ten companies are expected to list on US stocks. Here is the full list:

Headmap sourcePicture worm

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Key words: overseas IPO Weekly XPeng Inc. Santeng Technology