Shenzhen Hui Chuang Da Technology’s IPO debut on Shenzhen Stock Exchange today
Nov 18, 2020 (China Knowledge) - Shenzhen Hui Chuang Da Technology (300909) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 29.57 per share, raising RMB 745.95 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 38.2.
Soochow Securities acted as the lead underwriter and sponsor for the IPO.
Earlier, Shenzhen Hui Chuang Da Technology said its IPO was 6,425 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 Hui Chuang Da Technology Co Ltd is a China-based company mainly engaged in the research, development, design, production and sales of light guide structural parts and components, and precision key switch structural parts and components. The Company's main products include light guide structures and components such as light guide films (LGF) and backlight modules, as well as metal domes, micro waterproof tact switches and other precision key switch structures and components. The Company conducts its businesses within the China market and to overseas markets.
In financial year 2019, Shenzhen Hui Chuang Da Technology garnered a total revenue of RMB 406.9 mln, up 34% YoY. In terms of net income, it achieved RMB 87 mln, up 22% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 26.13% and 16.91% respectively, earning per share (EPS) of 1.05 RMB.
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