Equity· IPO

Shenzhen Consys Science&Technology’s IPO debut on SSE STAR Market today

minutes 2020/10/22 01:59:35

Oct 22, 2020 (China Knowledge) - Shenzhen Consys Science&Technology (688788) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 106.04 per share, raising RMB 2 bln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 37.13.

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

Earlier, Shenzhen Consys Science&Technology said its IPO was 3,298 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,814 times and the highest at 9,194 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

ShenZhen Consys Science&Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of military electronic information equipment and related modules. The Company's main products are a series of information equipment such as command and control information processing equipment, software radar information processing equipment, portable wireless command terminals, other information processing terminals and special modules. Its products are used in command and control, communications, reconnaissance, intelligence, chemical defense, surveying and mapping, electronic countermeasures, meteorology and others. The Company mainly conducts its businesses in the China market.

In financial year 2019, Shenzhen Consys Science&Technology garnered a total revenue of RMB 674.38 mln, up 22% YoY. In terms of net income, it achieved RMB 244 mln, up 6% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 38.96% and 23.97% respectively, earning per share (EPS) of 0 RMB.


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