On February 8, 2023, new shares entered the market and ushered in the issuance and subscription of an approved new share.
Yatong Seiko (603 190) was issued and subscribed on the main board of Shanghai Stock Exchange. Online issuance120,000 shares, and the market value of Shanghai Stock Exchange120,000 yuan is the top subscription. The issue price of Yatong Seiko is 29.09 yuan, and the winning amount per 1000 shares is 29,090 yuan.
With the arrival of the comprehensive registration system, it is the only new share approved for issuance, which should be welcomed by new investors.
It is difficult to break the approval system at the beginning of IPO because they naturally have an advantage in the valuation of IPO-no more than the upper limit of 23 times the valuation.
Yatong Seiko's price-earnings ratio is 22.99 times, which is lower than the industry's price-earnings ratio of 26.29 times.
Yatong Seiko's main business is the research and development, production, sales and service of auto parts and mine auxiliary transportation equipment.
The company's main products are automobile stamping welding parts and mine auxiliary transportation equipment. Fundamentally, the company achieved operating income of 972 million yuan in the first three quarters of 2022, down 65,438+04.07% year-on-year; The net profit returned to the mother was1.1.300 million yuan, down 10.87% year-on-year.