Equity· IPO

Pony Testing International Group’s IPO debut on Shenzhen Stock Exchange today

minutes 2020/09/16 06:06:45

Sep 16, 2020 (China Knowledge) - Pony Testing International Group (300887) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 44.47 per share, raising RMB 844.93 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 31.48.

Guosen Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Pony Testing International Group said its IPO was 6,686 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Pony Testing International Group Co Ltd is a China-based third-party testing company. The Company is mainly engaged in health and environmental testing, including food, agricultural product, drug, health product and cosmetic testing, as well as water quality and environmental monitoring; consumer quality identification testing, including production, distribution and consumption testing of automobiles, toys, textiles, and daily chemical products; electronics and safety inspections, as well as safety assurance inspection, mainly involving oil, gas, chemical, mineral and new energy fields. The Company mainly provides its services in food, environment, electronics, automobile and daily chemical fields. The Company mainly conducts its businesses within domestic market.

In financial year 2019, Pony Testing International Group garnered a total revenue of RMB 1,287.33 bln, up 3% YoY. In terms of net income, it achieved RMB 138 mln, down 4% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 15.09% and 10.34% respectively, earning per share (EPS) of 2.19 RMB.

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