Markets· IPO

Zhengyuan Geomatics Group’s IPO to debut on SSE STAR Market

minutes 2021/07/29 03:21:10

Jul 29, 2021 (China Knowledge) - Zhengyuan Geomatics Group (688509) to start trading on the Shanghai Stock Exchange's STAR Market Jul 30, tomorrow. The firm has issued 170.00 mln shares priced at RMB 1.97 per share raising RMB 334.9 mln. Its price-to-earnings ratio (PE) stands at 27.86. During subscription the IPO was 2,659 times oversubscribed.

BOC International (China), CITIC Securities acted as the lead underwriter, and BOC International (China) served as the sponsor for the IPO.

Zhengyuan Geomatics located in China, provides information technology services.

In FY 2020, Zhengyuan Geomatics Group garnered a total revenue of RMB 1.68 bln, down 13% YoY. In terms of net income, it achieved RMB 74.99 mln, falling 15% YoY. In Q1 2021, the company reported revenue of RMB 286.79 mln, a YoY increase of 58%, and its net profits reached RMB -18.72 mln, up 63% YoY.

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