Equity· IPO

Kangping Technology (Suzhou) ’s IPO debut on Shenzhen Stock Exchange today

minutes 2020/11/18 02:49:12

Nov 18, 2020 (China Knowledge) - Kangping Technology (Suzhou)  (300907) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 14.3 per share, raising RMB 343.2 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 30.3.

Huatai United Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Kangping Technology (Suzhou)  said its IPO was 6,382 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.

Kangping Technology Suzhou Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of electric tool motors, power tool complete machines and related parts. The Company’s products are divided into three categories: motors for power tools mainly include alternating current (AC) and direct current (DC) motors, DC brushed motors, DC brushless motors, etc., as well as various motors in household appliances; power tools mainly include handheld, such as pistol drills, angle grinders, portable, such as table saws, garden tools, such as blowers, etc.; other parts of power tools include motor shafts and other machined products and power tool housings and other injection molded parts. Its products are mainly used in the fields of handheld power tools and garden tools. The Company conducts its businesses within the China market and to overseas markets such as the Americas and Europe.

In financial year 2019, Kangping Technology (Suzhou)  garnered a total revenue of RMB 606.4 mln, up 3% YoY. In terms of net income, it achieved RMB 58 mln, down 16% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 13.09% and 8.82% respectively, earning per share (EPS) of 0.71 RMB.


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