Micro Semiconductor in Kechuang Board Hit a Price Earnings Ratio of 170 Times

Recently, it was reported that the Sci-tech Innovation Board ushered in the strongest "new day". Nine Sci-tech Innovation Board stocks such as China micro semiconductor, Lexin technology, Anji technology, rongbai technology, Guangfeng technology, China Communications, Fuguang shares, Xinguang optoelectronics and platinum were collectively subscribed today.

Among the nine enterprises, the issue prices are 29.01 yuan / share, 62.6 yuan / share, 39.19 yuan / share, 26.62 yuan / share, 17.5 yuan / share, 5.85 yuan / share, 25.22 yuan / share, 38.09 yuan / share and 33 yuan / share respectively, among which Lexin technology has the highest issue price; In addition, the issuance P / E ratio of most companies is concentrated between 45 and 60 times. Among them, the issuance P / E ratio of Zhongwei semiconductor is the highest, up to 170.75 times, which refreshes the highest issuance P / E ratio (79 times) of science and innovation board set by RuiChuang micro nano, attracting the attention of the industry.

In this regard, in the online roadshow of the initial public offering of shares and listing on the science and innovation board, China micro semiconductor said that after the IPO, the issuance price of 29.01 yuan / share corresponds to the P / E ratio of 170.75 times and 148.79 times before and after deducting non recurring profits and losses in 2018, respectively, and the corresponding market sales ratio is 9.47 times, The valuation is basically similar to the average valuation level of current A-share comparable listed companies.

Specifically, the comparable listed companies of Zhongwei semiconductor in a shares are North Huachuang, Changchuan technology and Zhichun technology, of which the P / E ratio of North Huachuang is 407.19 times, the P / E ratio of Changchuan technology is 189.49 times, and the P / E ratio of Zhichun technology is 181.2 times, all higher than that of Zhongwei.

Haitong Securities, the underwriter of China micro semiconductor, said that North Huachuang is a listed A-share semiconductor equipment manufacturing company. The P / E ratio of China micro's IPO pricing is lower than that of North Huachuang, and the market sales ratio is basically the same as that of North Huachuang. On the whole, the pricing of the company's IPO is reasonable.

However, some institutional investors and researchers said that the R & D strength of micro semiconductor is indeed strong, and the market expectation is very high, but it is not without risks. For the future development of its chip business, it is necessary to track whether the expansion of downstream semiconductor wafer manufacturers meets the expectation, market competition and other risks.

At present, the global semiconductor equipment market is mainly dominated by foreign manufacturers, and the industry presents a highly monopolistic competition pattern. According to the statistics of VLSI research, the global sales of semiconductor equipment systems and services in 2018 was US $81.1 billion, of which the top five semiconductor equipment manufacturers, due to their early start, occupied 65% of the global semiconductor equipment market by virtue of their advantages in capital, technology, customer resources and brand. ASMA has formed an oligopoly in lithography equipment. Applied materials, Tokyo electronics and Fanlin semiconductor are the top three in providing process equipment such as plasma etching and film deposition. Ketian semiconductor is the leading enterprise in testing equipment.

Among them, the etching equipment and MOCVD equipment industry show a highly monopolistic competition pattern, while Zhongwei company has made a breakthrough in etching equipment and MOCVD equipment, and has carried out chip processing and manufacturing of 65 nm to 7 nm process in the chip production line of first-class customers at home and abroad. The MOCVD equipment supported by the project is also put into mass production in the chip production line of LED customers. Zhongwei company is one of the few semiconductor equipment enterprises in China that can directly compete with the world's top equipment companies and continuously expand its market share. It is recognized as a rising star in the international semiconductor equipment industry.

This also means that the highest issuance P / E ratio of science and innovation board set by China micro semiconductor is related to its own R & D strength and the scarcity of equipment targets. This kind of high-end equipment manufacturing enterprises are scarce in the current A-share listed companies, and the unique scarcity corresponds to a certain valuation premium.

Zhongwei semiconductor said that the products currently developed by the company are mainly plasma etching equipment, film deposition equipment and other key equipment produced in the front of integrated circuits, and pan semiconductor equipment products applied in the fields of rear advanced packaging, MEMS, mini led, micro led and so on have been gradually developed. In the future, the company will expand its product and market coverage through mergers and acquisitions and other extended growth ways at an appropriate time, and continue to explore the innovative application of core technologies in the national economy and the people's livelihood. The company attaches great importance to R & D investment and independent core technologies, with the team spirit of win-win cooperation and the incentive system of full ownership, It has attracted experienced semiconductor equipment experts from all over the world, formed a mature R & D and engineering technology team, and laid a foundation for future profit growth.

Micro Semiconductor in Kechuang Board Hit a Price Earnings Ratio of 170 Times 1

get in touch with us
مقالات مقترحة
Think Green Collection: Editors Choice 10 Best Images
Today weve chosen Pixabay 10 best green color images. Enjoy the green choice of our team.Green is the color of nature. It is associated with growth, harmony, freshness, and fertility. Green has strong emotional correspondence with safety. Dark green is also commonly associated with money.There lots of shades of green, natural and man-made. Check them all in our collection!Image by ju1959jjjGreen is the prime color of the world, and that from which its loveliness arises. Pedro Calderon de la Barca Image by SkitterphotoI just need green. I need to wake up and see grass and squirrels. I dont want to see skyscrapers. Andre Leon Talley Image by cegohI always say that candy is the perfect studio food it keeps your energy going. Nick Cannon Image by jeonsangoI believe a leaf of grass is no less than the journey-work of the stars. Walt Whitman Image by Free-PhotosIf there is a future, it will be Green. Petra Kelly Image by cocoparisienneDont be a fish; be a frog. Swim in the water and jump when you hit ground. Kim Young-ha Image by ulleoColorless green ideas sleep furiously. Noam Chomsky Image by jplenioFor in the true nature of things, if we rightly consider, every green tree is far more glorious than if it were made of gold and silver. Martin Luther Image by NietjuhWhen youre green, your growing. Ray Kroc Image by SkitterphotoNo object is mysterious. The mystery is your eye. Elizabeth Bowen All images and videos on Pixabay are released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required·RELATED QUESTIONI painted my bedroom a dark teal color and need some suggestions on color of bed set or accent colors?Turquoise or white would look great with teal
Where Can I Find Plastic Injection Molding Manufacturers in China?
How to Curl Your Hair Like This?
What Is Preventing the Solar Energy and Other Renewables to Replace the Oil?
What Matches This Formal Dress?
Why Does an Air Conditioner Sometimes Take so Much Time to Cool a Room?
Want to Play a Killer Video Game?
Netizens' Self Photographing Tutorial Reveals the Secret of "self Photographing Artifact" to Create
Are Hairy Legs Unattractive to Girls/women?
Is It a Good Idea to Cover Up Your Outdoor Air Conditioning Unit (compressor) with a Plastic Tarp fo
عمليات البحث ذات الصلة
Yitu Technology's Application for Initial Public Offering of Depositary Receipts and Listing on the
Simplify PCB Design, How Do You Start Designing a Circuit Board
Requirements and Suggestions on Impedance Matching in Four Layer PCB Design
How to Detect Faulty Soldering on Circuit Board
Manufacturing Process of Titanium Spiral Plate Heat Exchanger
How Are PCB Boards Classified
Design Reliability Principle in Circuit Design and PCB Wiring
Think Green Collection: Editors Choice 10 Best Images
Where Can I Find Plastic Injection Molding Manufacturers in China?
Aminica Wigs are dedicated to providing top quality virgin human hair for large trader and wholesaler. Usually they resell it to the retailers then to customers, which results in high price that makes customers awe-stricken.
Contact Us

+86 020-22139352

If you have a question, please contact at contact

Copyright © 2021 Aminica humain Wigs |Sitemap