Today, Hubei Wanrun Xinneng (688275.SH) was listed and traded on the Science and Technology Innovation Board of the Shanghai Stock Exchange. What is particularly striking is that the issue price of Wanrun New Energy is as high as 299.88 yuan per share, setting the highest record for the first of A shares this year, and the second highest record in the history of A shares.
Wanrun Xinneng shares fell 16.64% at the opening , reaching 249.99 yuan per share, with a total market value of over 20 billion yuan. The actual controllers of , Liu Shiqi and Li Fei, serve as the company's chairman, general manager and director respectively. They directly hold 31.88% of the company's shares and have a net worth of over 6 billion yuan.
In this IPO, the actual amount of funds raised by Wanrun New Energy far exceeded the planned amount. Earlier, the company planned to publicly issue no more than 21.303795 million shares to raise 1.262 billion yuan, and finally raised 6.389 billion yuan and the issue price was as high as 299.88 yuan per share, setting a record for the first A-share offering this year.
Top 10 IPO price of A shares (as of September 29, 2022)
Source of data: Pivot Finance based on Wind data
Pivot Finance reporter noticed that Wanrun New Energy’s stock issuance adopts targeted placement by strategic investors and offline inquiry A combination of price allotment and online price distribution. Among them, the number of strategically placed shares is 1,450,212 shares, and the strategic investors are Donghai Securities Innovative Products Investment Co., Ltd., as well as the special asset management plan of Wanrun New Energy’s senior management and core employees.
Wanrun New Energy was established in 2010 in Shiyan , specializing in the research and development, production, sales and service of lithium battery cathode material , the main products are lithium iron phosphate cathode material, downstream customers are power batteries and other lithium batteries Manufacturing enterprises, the terminal is used in the new energy vehicle and energy storage industry. At present, the company is an important supplier of domestic mainstream lithium battery manufacturers such as CATL , BYD , AVIC Lithium Battery , Yiwei Lithium Energy and Wanxiang 123 and other domestic mainstream lithium battery manufacturers. The data shows that Hubei Wanrun will have a market share of 13.5% in the domestic lithium iron phosphate cathode material in 2020, and its shipments will rank third in the country. (Related reading: Hubei Wanrun successfully attended the meeting, which is a supplier of CATL and BYD)
Due to the strong demand in the downstream new energy vehicle market and the expansion of the company’s production and sales scale, Wanrun New Energy’s performance in recent years has shown a trend of rapid growth. In the first half of this year, it achieved operating income of 3.395 billion yuan, attributable net profit of 494 million yuan, and deducted non-net profit of 482 million yuan, which has exceeded last year's annual performance. The company estimates that the performance in the first three quarters of this year will continue to grow at a double rate, and it is expected to achieve operating income of 6.68 billion-7.8 billion yuan, attributable net profit of 740-800 million yuan, and deducted non-net profit of 720-780 million yuan.
Up to now, the number of listed companies on the Hubei Science and Technology Innovation Board has increased to 11, and the total number of Hubei A-share listed companies has reached 135.
Reporter Lin Nan
Editor丨Liu Dingwen Hu Xinyue
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