Markets· IPO

Dongguan Yiheda Automation’s IPO to debut on Shenzhen Stock Exchange

minutes 2021/07/22 07:29:24

Jul 22, 2021 (China Knowledge) - Dongguan Yiheda Automation (301029) to start trading on the Shenzhen ChiNext Market Jul 23, tomorrow. The firm has issued 40.01 mln shares priced at RMB 14.14 per share raising RMB 565.74 mln. Its price-to-earnings ratio (PE) stands at 21.75. During subscription the IPO was 5,644 times oversubscribed.

Dongguan Securities Co.,Ltd. acts as the lead underwriter and sponsor for the IPO.

Dongguan Yiheda Automation is a China-based company principally engaged in the research and development, production and sales of automation components. The Company mainly provides Factory Automation (FA) parts related products, including linear motion parts, transmission parts, pneumatic components, aluminum profiles and accessories, industrial frame structural parts, machining parts, small mechanical parts, electrical and electronic products and other products. In addition, the Company also provides customers with industrial automation equipment. The Company mainly distributes its products in the domestic market.

In FY 2020, Dongguan Yiheda Automation garnered a total revenue of RMB 1.21 bln, up 59% YoY. In terms of net income, it achieved RMB 271.35 mln, rising 88% YoY. In Q1 2021, the company reported revenue of RMB 319.38 mln, a YoY increase of 106%, and its net profits reached RMB 61.68 mln, up 153% YoY.


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