In early trading today, A shares continued to fluctuate and climb slightly, and the science and technology innovation board performed best, setting a new high of nearly one again, leading the gains of the two markets.
On the disk, the hotel and catering, semiconductor, driverless, polysilicon and other sectors ranked the top gainers, and the liquor, aquatic products, seed industry, warehousing and logistics sectors were the top decliners. The net inflow of capital from northward was 6.79 billion yuan.
Reproduce 10 times new shares
Behind the calmness of the market, two new stocks have attracted the attention of the market. Nawei Technology was officially listed on the Science and Technology Innovation Board today. As of midday’s close, it closed at 90.18 yuan, an increase of 1017%. If this afternoon’s closing increase remains above 1,000%, this is the continuation of the 2002 Commodity City’s ultra-low issue price of 1.6 yuan. After the first day’s surge of 1356% and last year’s Taikang Medical, there have been new stocks that surged more than 10 times on the first day of listing in the past 20 years. Calculated based on the opening price, every one of the investors who sign up for Micro Technology can make a profit of about 42,500 yuan.
Nanotechnology is a company specializing in the research and development, large-scale production, sales and application services of high-performance nano-microsphere materials, providing core microsphere materials and related technical solutions for customers in the fields of biomedicine, flat panel display, analysis and testing, and in vitro diagnostics. high-tech enterprises. The top five customers accounted for about 27% of revenue, covering leading domestic biomedical companies such as Hengrui Pharmaceuticals, Livzon Group, and Fosun Pharmaceuticals.
The preparation of high-performance microsphere materials has high technical barriers and is one of the important basic raw materials in many modern industrial fields. The production of microspheres has been monopolized by foreign companies for a long time, so its preparation and application are listed as 35 “stuck neck” technologies that restrict China’s industrial development one.
In an interview a few days ago, Nawei Technology Chairman Jiang Biwang said that it looks like a microsphere is just a simple sphere, but like a chip, the smaller the size, the more difficult it is to manufacture accurately. Once the size drops to the nanometer and micrometer level, all that is needed The technical difficulty is also huge. Without microspheres, my country’s biomedical industry would not be able to produce a single medicine, even the display screens of mobile phones and computers. In addition, the microspheres needed in the fields of nucleic acid testing, in vitro diagnostics, and nuclear power plant water treatment are also dependent on imports. Once the supply of import channels is cut off, these industries will face a huge impact and the risk factor is very high.
Although the domestic substitution of Nawei Technology is progressing broadly, investors should pay attention to that the P/E ratio of Nawei Technology is as high as 51.04 times. After the listing has skyrocketed, the dynamic P/E ratio is calculated based on the latest diluted earnings per share for the first quarter of 2021 at RMB 0.055. Up to more than 400 times. In addition, before the listing, securities firms generally expected that the nano-micro technology market would be priced at around 30 yuan, and the current price far exceeds the agency’s expectations. In addition, according to Wind’s real-time statistics, as of the noon close, the net outflow of the main capital of Nanomicro Technology is about 230 million yuan.
Industrial Securities stated that at present, core materials such as microspheres are basically dependent on imports, and the cost has remained high for a long time. High-performance localized microsphere materials that can replace imported products have huge market potential. As a leading domestic microsphere manufacturer, Nanomicro Technology occupies a certain market space with stable product quality, complete product types and professional application technical services, which will have a positive impact on the company’s future profitability. It is estimated that the company’s EPS from 2021 to 2023 will be 0.33 yuan, 0.49 yuan, and 0.72 yuan.
After the launch of the Three Gorges Energy Board
Another new stock that has attracted market attention is Three Gorges Energy. Although it opened its daily limit on the third day of listing, which disappointed investors who won the signing, it did not expect that Three Gorges Energy has become more and more brave afterwards. It has recently closed 5 daily limits. The last 3 are flat boards. Calculated at today’s price of 7.99 yuan, the market value of Three Gorges Energy exceeded 220 billion, becoming the second largest power stock after Yangtze Power.
Three Gorges Energy is the main body of the implementation of the new energy business of the Three Gorges Group, and it is also the third listed company of the Three Gorges Group after the Yangtze River Power and Hubei Energy. Three Gorges Energy publicly issued 8.571 billion shares, raising a total of 22.713 billion yuan, the largest financing scale in the history of the A-share power industry, more than double the original 9.8 billion yuan of Yangtze Power’s financing.
The prospectus shows that the business of Three Gorges Energy can be divided into three core parts, covering wind power, photovoltaic power, and small and medium hydropower. Among them, in the first three quarters of 2020, wind power generation accounted for 61.24% of total revenue, photovoltaic power generation accounted for 37.63%, and small and medium hydropower accounted for 1.13%.
The installed capacity of the Three Gorges Energy Power Generation Project has grown rapidly in recent years, from 143,000 kilowatts at the end of 2008 to 11.898 million kilowatts at the end of September 2020, with a compound annual growth rate of 45.69%. As of the end of last year, the company’s cumulative installed capacity exceeded 15 million kilowatts, and the newly added installed capacity last year exceeded 5 million kilowatts.
With the increase in scale, the cost of power generation from Three Gorges Energy continues to decrease, and the gross profit margin continues to rise. Since 2016, the gross profit margin of Three Gorges Energy has always been higher than 50%, and the company’s gross profit margin has increased to 57.55% and 64.51% in the first quarter of 2020 and 2021, respectively.
In addition, yesterday the Shanghai Environment and Energy Exchange issued the “Announcement on Matters Related to National Carbon Emissions Trading”, and the national carbon trading is expected to be officially launched at the end of this month. Three Gorges Energy stated on the investor interaction platform yesterday that since the launch of the EU carbon market in 2006, the company has been participating in international and domestic carbon market transactions and has dedicated personnel for carbon asset management. The company will actively participate in domestic carbon trading in accordance with the pace of the national carbon market.
According to Wind’s real-time statistics, Three Gorges Energy received a net inflow of 22.56 million yuan in main funds in the morning, but it has shrunk significantly compared to before. Data shows that there was a net inflow of 1.469 billion yuan in main funds into Three Gorges Energy on June 17 and a net inflow on the 18th. 1.432 billion yuan, the net inflow fell to 229 million yuan this week, down to 95.27 million yuan yesterday.
From the statistics of the Dragon and Tiger List after the listing of Three Gorges Energy, the dedicated seats of the institution have been listed 9 times, but only 1 time was the buyer and 8 times the seller. A total of 380 million yuan was bought and 735 million yuan was sold. Sold 355 million yuan. The business department of Oriental Fortune Securities has been extremely active in the Three Gorges energy trading. The 4 business departments have been on the list 17 times, of which 10 times are buyers and 7 times are sellers, with a total net purchase of more than 1 billion yuan.
Soochow Securities said that Three Gorges Energy is a scarce new energy power generation operating asset for A shares, and it is expected that the installed capacity will increase three to four times in the next five years. From an industry perspective, in the context of carbon neutrality, the power sector may become the most innovative sector, while wind power and photovoltaics will inevitably usher in rapid development.