Nantong Jiangtian Chemical ’s IPO debut on Shenzhen Stock Exchange today
Jan 07, 2021 (China Knowledge) - Nantong Jiangtian Chemical (300927) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 13.39 per share, raising RMB 268.47 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 20.94.
Ping An Securities acted as the lead underwriter and sponsor for the IPO.
Earlier, Nantong Jiangtian Chemical said its IPO was 6,317 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.
In financial year 2019, Nantong Jiangtian Chemical garnered a total revenue of RMB 500 mln, down 18% YoY. In terms of net income, it achieved RMB 63 mln, down 13% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 21.43% and 11.49% respectively, earning per share (EPS) of 0.89 RMB.
Copyright © 2018 www.chinaknowledge.com
Send feedback or comments to: firstname.lastname@example.org
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com
To access our page on Bloomberg, type CKFI