A股IPO Weekly Report: 思看科技 上会，绿联科技、科力装备上市首日翻倍
Meta Description: This report covers the latest A-share IPOs, including 思看科技's upcoming IPO review, 绿联科技 and 科力装备's successful debuts, and other notable investments.
This week in the A-share market, there were no new IPOs, but the Shanghai Stock Exchange will hold a listing review meeting to review the IPO project of Sikan Technology (Hangzhou) Co., Ltd. (hereinafter referred to as "Sikan Technology").
Sikan Technology is a global provider of integrated 3D visual digitization solutions, and its related products have been applied in the "C919 Large Aircraft" project. Sikan Technology is also the first IPO company to go public after the release of the "Eight Measures for the Science and Technology Innovation Board."
Let's dive into the key highlights of the past week's IPO activities and explore the exciting developments in the A-share market.
A-share IPOs: A Week of Double-Digit Gains and Big Plans
The past week saw two new listings on the A-share market, both making a splash with impressive first-day gains:
1. Shenzhen Greetech Co., Ltd. (Greetech Technology, 301606.SZ): Greetech Technology, a leading brand of 3C accessories, made its debut on the ChiNext board on July 26th. On its first day of trading, the stock closed at 45.55 yuan, up 114.76%, giving the company a market capitalization of 188.99 billion yuan. Investors who secured a share in the IPO saw a profit of 12,170 yuan per share.
2. Hebei Koly Automobile Equipment Co., Ltd. (Koly Equipment, 301552.SZ): Koly Equipment, specializing in the research, development, production, and sales of automotive glass assembly components, is a strategic core supplier to Fuyao Glass, a leading domestic player and one of the top four global manufacturers in the automotive glass industry.
Koly Equipment's IPO price was set at 30 yuan per share, raising a total of 5.1 billion yuan. After deducting issuance expenses, the company raised approximately 4.59 billion yuan, exceeding its initial target of 3.41 billion yuan by 1.18 billion yuan, a remarkable 30% oversubscription. Koly Equipment stands out as the only IPO company to oversubscribe its fundraising since the implementation of the new IPO regulations.
Koly Equipment successfully debuted on the ChiNext board on July 22nd. The stock closed at 69.20 yuan per share on its first day, representing a staggering 130.67% increase and giving the company a market capitalization of 47 billion yuan. Investors who secured a share in the IPO saw a profit of 19,600 yuan per share.
These impressive first-day gains paint a picture of strong investor confidence in the A-share market and highlight the potential for growth in these sectors.
思看科技: A Promising IPO Candidate
The upcoming IPO of Sikan Technology is capturing attention as the first company to go public after the release of the "Eight Measures for the Science and Technology Innovation Board." This set of guidelines aims to streamline the IPO process and encourage innovation.
Sikan Technology is a leading provider of integrated 3D visual digitization solutions. Its product portfolio includes portable 3D scanners, color 3D scanners, tracking 3D visual digitization products, and industrial-grade automated 3D visual inspection systems.
The company has a strong track record of serving over a thousand end customers, including prominent names like BYD, FAW-Volkswagen, CATL, Tesla, CRRC Corporation, Zoomlion, XCMG Group, Commercial Aircraft Corporation of China, and Aviation Industry Corporation of China. Notably, Sikan Technology has collaborated with the China Academy of Space Technology, and its products have been successfully applied in the "Chinese Space Station" in-orbit experiment. The company has also partnered with Shanghai Aircraft Manufacturing Co., Ltd., a subsidiary of Commercial Aircraft Corporation of China, and its products have been used in the "C919 Large Aircraft" project.
Sikan Technology's revenue growth has been consistent. In 2021, 2022, and 2023, the company's revenue was 161 million yuan, 206 million yuan, and 272 million yuan, respectively, representing a year-on-year increase of 27.92%, 31.88%, and 31.88%. The company's net profit also grew steadily, reaching 67.54 million yuan, 77.63 million yuan, and 114 million yuan in those years, reflecting a year-on-year increase of 14.94%, 47.17%, and 47.17%, respectively.
Sikan Technology's impressive growth trajectory and strong customer base make it a promising IPO candidate. The company's focus on 3D visual digitization technology aligns with the growing demand for advanced solutions in industries such as manufacturing, aerospace, and automotive.
Key Highlights: Investment Trends and Notable Developments
Last week saw two companies withdraw their IPO applications: Shanghai Yingfeng Electronic Technology Co., Ltd. and Hainuor Environmental Protection Industry Co., Ltd.
It is worth noting that Sikan Technology's fundraising target has been significantly reduced. Information from the Shanghai Stock Exchange website shows that the company's latest planned fundraising amount is 5.69 billion yuan, a reduction of approximately 33% compared to the 8.51 billion yuan initially disclosed in its IPO prospectus.
Hong Kong Stock Market: New Listings and IPO Applications
Wind data shows that one company, Hangzhou Jiuyuan Gene Engineering Co., Ltd., submitted an updated prospectus in the Hong Kong stock market last week. Two companies, Zhongmiao Holdings (Qingdao) Co., Ltd. and Zhejiang Tongyuan Kang Pharmaceutical Co., Ltd., passed the Hong Kong Stock Exchange's listing hearing.
Investment and Funding: A-share Market Attracts Significant Capital
Here's a look at recent investment and funding news in the A-share market:
1. ReviR Therapeutics: The medical technology company secured $30 million in Series A funding, led by Longpan Investment. Existing investors Dinghui Investment, Wu Yuan Capital, and Ya Yi Capital participated in the round, alongside new investors including Jingtai Technology and CMT Research Foundation (CMTRF).
2. Baichuan Intelligence: The large language model startup announced it had recently completed its Series A funding round, raising a total of 5 billion yuan. Investors included leading technology companies like Alibaba, Xiaomi, Tencent, Asia Investment, and CICC, as well as government-backed industry investment funds.
3. Guangmai Medical: The medical molecular imaging company raised several hundred million yuan in funding, led by Shanghai Biomedicine Fund. The Zhongxia Enterprises Development Fund (Chengdu) Jiaozi Venture Capital Partnership (Limited Partnership), managed by Oriental Fortune Sea, joined the round as a co-investor.
4. Hengtong Group: Hengtong High Voltage, a subsidiary of Hengtong Group, secured a strategic investment of 560 million yuan. Investors included Longyan Xinda, Baowu Green Carbon, Suzhou Venture Capital, Zhuhai Hengqin, and Wuhu Xinhen. This investment, along with the 1 billion yuan investment from the China Development Bank Manufacturing Industry Fund in December 2023 and the 1.03 billion yuan investment from China Construction Bank Investment, China Merchants Bank Asset Management, Hainan Zhongying, and Changshu Economic Development Zone State Development Fund in March 2024, comprised a single round of fundraising, totaling 2.59 billion yuan.
5. Windrose: The new energy heavy truck company announced that it would secure $200 million in pre-IPO funding, led by the Belgian Sovereign Wealth Fund (Belgian Federal Holding and Investment Company). Windrose has already raised over 1 billion yuan in previous funding rounds, with investors including HSBC, Goodman Group, HITE Hedge, Jinshajiang Venture Capital, Fangyuan Capital, Yunqi Capital, Hefei Innovation Investment, Suzhou High-tech Zone, and Rongqing Logistics. The company is preparing for a US listing this year.
6. Beifeng Intelligent Technology: The company received a strategic investment from China Building Materials United Investment Co., Ltd. The B+ round of pre-funding raised several hundred million yuan, led by China United Investment. The company is expected to receive additional funding from central enterprises, strategic investment platforms, and other industrial investment platforms, totaling several hundred million yuan. This investment aims to strengthen Beifeng Intelligent's market competitiveness in the metal 3D printing field and help the company achieve rapid growth.
7. Weizhi Technology: The company announced that it had completed a Series A+ round of funding, raising over 100 million yuan. The round was led by Beijing Robot Industry Fund, with participation from Zhongke Chuangxing, existing investor Langmafeng Venture Capital, Zhongguancun Science City, Minyin International, and Ya Rui Capital. Weizhi Technology has raised over 300 million yuan in five rounds of funding since its inception four years ago. The company's independently developed medical device product, Marvel MEG®, the world's first 128-channel liquid helium-free brain magnetoencephalograph (registration number: 京械注准20242070378), has been successfully approved for listing. This product is the world's highest channel count liquid helium-free brain magnetoencephalograph.
Conclusion: A-share Market Shows Resilience and Potential for Growth
The A-share market continues to show resilience and potential for growth, with strong investor confidence driving successful IPO debuts and attracting significant capital into innovative sectors. The upcoming IPO of Sikan Technology is a testament to the market's focus on technology-driven companies with strong growth prospects. The recent investment trends highlight the increasing interest in areas such as 3D visual digitization, artificial intelligence, and new energy. The A-share market remains a vibrant and dynamic environment for investment and growth, attracting both domestic and international capital.
Frequently Asked Questions (FAQs)
Q1: What is the "Eight Measures for the Science and Technology Innovation Board"?
A1: The "Eight Measures for the Science and Technology Innovation Board" is a set of guidelines released by the Shanghai Stock Exchange to streamline the IPO process and encourage innovation. The measures aim to attract more technology-driven companies to list on the board.
Q2: What are the key highlights of the recent A-share IPOs?
A2: The recent IPOs of Greetech Technology and Koly Equipment were both successful, with both companies seeing their stock prices double on their first day of trading.
Q3: What are the key factors driving investment in the A-share market?
A3: Investors are drawn to the A-share market by its strong growth potential, driven by factors such as government support for innovation, the rise of emerging industries, and the increasing participation of international investors.
Q4: What are some of the key trends in the A-share market?
A4: Key trends include the increasing focus on technology-driven companies, the growth of sectors like new energy and artificial intelligence, and the growing importance of ESG (environmental, social, and governance) factors in investment decisions.
Q5: What are the challenges facing the A-share market?
A5: Challenges include volatility, regulatory uncertainties, and competition from other emerging markets.
Q6: What is the outlook for the A-share market?
A6: The A-share market is expected to continue growing in the long term, supported by strong economic fundamentals and the ongoing development of the capital markets. However, investors should be prepared for volatility and exercise caution in their investment decisions.
