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Equity· IPO

Shanghai Zhonggu Logistics Co., Ltd.’s IPO debut on Shanghai Stock Exchange today

CKN
minutes 2020/09/25 03:22:28
2,426

Sep 25, 2020 (China Knowledge) - Shanghai Zhonggu Logistics Co., Ltd. (603565) to start trading on the Shanghai Stock Exchange - Main Board today, at a public offering price of RMB 22.19 per share, raising RMB 1.48 bln. Its initial listing shares account for 10% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 22.99.

China International Capital Corporation (CICC) acted as the lead underwriter and sponsor for the IPO.

Earlier, Shanghai Zhonggu Logistics Co., Ltd. said its IPO was 2,499 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. We expect the IPO to hit limit of 44% increment in its first day of listing. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Shanghai Zhonggu Logistics Co.Shanghai Zhonggu Logistics Co Ltd is a China-based company that provides customers with customized full container logistics solutions. The Company integrates national railway and highway resources to form a road, rail, and water three-dimensional logistics network, and establishes a multimodal transport integrated logistics system centered on water transport. The Company's land transportation business is land transportation under the multimodal transportation service mode, including water-rail combined transportation, road-water combined transportation and a small number of road-rail combined transportation services. The Company mainly conducts its businesses in the China market.Shanghai Zhonggu Logistics Co Ltd is a China-based company that provides customers with customized full container logistics solutions. The Company integrates national railway and highway resources to form a road, rail, and water three-dimensional logistics network, and establishes a multimodal transport integrated logistics system centered on water transport. The Company's land transportation business is land transportation under the multimodal transportation service mode, including water-rail combined transportation, road-water combined transportation and a small number of road-rail combined transportation services. The Company mainly conducts its businesses in the China market., Ltd.

In financial year 2019, Shanghai Zhonggu Logistics Co., Ltd. garnered a total revenue of RMB 9900.31 bln, up 23% YoY. In terms of net income, it achieved RMB 1,150 mln, up 56% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 33.28% and 11.5% respectively, earning per share (EPS) of 1.43 RMB.

 

 

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