The popular track is also "cold": the Beijing Stock Exchange reproduces the magical two:30, and the Ted's shares will be paid on the first day of listing

The 21st Century Business Herald reporter Lei Chen Beijing reported on June 20, Ted's (831278.bj) officially landed on the Beijing Stock Exchange, an increase of 2.96%, shocking down after the rise to 4.41 yuan/share, and then fell below the issue price Essence

However, before the close, the "Magic 2:30" plot was staged. After experiencing many games, Ted's stock price closed.

It is worth mentioning that the new shares Tianrun Technology (430564.BJ), which was listed on June 17, also attacked the issuance price at 2:30 on the day.

As of the closing, Ted's total market value was 581 million yuan, the turnover rate was 25.67%on the day, and the daily turnover was 62.46 million yuan. Wind data shows that the company's stock price has been adjusted sharply since this year, with a maximum retracement of 47.24%, and the stock price has fallen by 46.58%during the year, with an average price of 4.14 yuan/share.

The reporter learned that Ted's shares are the leader of the automotive air -conditioner bearing. From 2017 to 2019, the electromagnetic clutch bearing of the automotive air -conditioning compressor electromagnetic clutch is ranked first in domestic market share.

In order to continue to maintain market competition initiative, the company has layout for new energy vehicles for bearing.

The expectation of the Nuggets is expected to fall

On multiple investor forums, the stock price performance on the first day of the listing of Ted's stock market caused heated discussions.

Some netizens said, "After using more than one million funds, you can't use money for several days, and you lose your interest, you will lose money." Some netizens said, " 100 shares, now I still lose six fast money, tossing for ten days, a bowl of noodles is gone. "Some netizens helplessly said," Buy a little bit, it's lower than hitting new. "

According to the data, the issue price of Ted's shares is 4.06 yuan/share, and the offering of P/E ratio is 18.89 times. In contrast to the performance of the first day of listing, the new link of Ted's online online is hot.

Judging from the issuance results disclosed on June 9, the number of valid subscriptions is 242,600, the number of effective subscriptions is 15 billion shares, and the online effective purchase multiple is 632.83 times (after the options for sale). In the end, the number of supporting households issued online was 61,800, and the proportion of distribution was 0.16%.

In this listing, the company's selected listing standard is: the market value is not less than 200 million yuan, the net profit in the past two years has not less than 150 million yuan, and the average net asset yield of the weighted average of the average net assets is not less than 8%, or in the past year The net profit is not less than 25 million yuan and the average net asset yield is not less than 8%.

Ted's Co., Ltd. is mainly engaged in the research and development, manufacturing and sales of car precision bearing. The company's main products are air -conditioner series bearings, tighter series bearings, water pump series bearings, and bracket bearings. In 2021, the company realized operating income of 283 million yuan, and its net profit was 31.38 million yuan.

From the IPO application to the listing, Ted's shares were just 6 months.

Specifically, on December 20, 2021, the application for listing of the Beijing Stock Exchange was accepted; the first round of inquiry was obtained on January 17, 2022; the meeting was successful on April 28, 2022; May 20, 2022 The CSRC approved its application for listing and listing.

It is reported that Ted's IPO has introduced 7 combat investment, including Shenzhen Dangui Shun Asset Management Co., Ltd., Jiaxing Jinchangchuan 贰 Equity Investment Partnership, Qingdao Chen Rongding Private Equity Investment Fund Partnership (Limited Partnership), Shandong Provincial Fortune asset Management Co., Ltd. and so on.

Focus on the automotive field for many years

Founded in 2001. During the reporting period, the company's operating income was 220 million yuan, 219 million yuan, and 283 million yuan, respectively, which was recovered by the downstream automobile industry and the increase in demand. In 2021, the company's operating income increased more.

During the reporting period, the company's main business income consists of the sales revenue of air conditioners bearing, tightening bearing, pump bearing, and bracket bearings. Essence

Among the main business composition, the air conditioner bearing is the company's most important product, and its sales have increased year by year. In 2020 and 2021, it increased by 14.38%and 41.84%from the previous year, respectively.

In this regard, the company said that the increase in the amount of underwriting of the air -conditioner axis is due to the increase in the amount of orders brought by the increase in downstream demand, and when the company is limited, the company optimizes the allocation of resource allocation and strives to maximize the result. In addition, it is also related to changes in downstream demand and the company's own resources.

In terms of industry status, the company's automotive air -conditioning compressor electromagnetic clutch bearing was the first for three consecutive years from 2017 to 2019. The sales volume in 2020 and 2021 was 12.2169 million units and 16.9371 million units, accounting for the proportion of global market scale They were 16.4%and 21.5%, respectively.

From the perspective of the customer group, Ted's customers are mainly suppliers of upstream component components of automobile manufacturers. In the past three years, the top five customers of the company constitute a relatively stable composition, accounting for about 50%, including Shanghai Jinshan Yitong. , Anhui Haofang Electromechanical, SAIC Group, Faleio, etc.

According to the prospectus, the comparison companies of Ted's shares include Everbright (002708.SZ), Southern Bearing (002553.SZ), Longxi (600592.SH), Changsheng Bearing (300718.SZ), Shuangfei (300817) .Sz), Xiangyang Bearing (000678.SZ), Soviet axis (430418.bj), etc. In terms of horizontal comparison, the above -mentioned comparison company's bearing products are widely distributed, and they are widely distributed in downstream industries such as automobiles, aerospace, engineering machinery, and electric tools. A certain advantage has accumulated in the field.

Adding a new energy vehicle bearing

Bearing manufacturing involves a variety of discipline technologies, of which the precision processing and manufacturing technology of bearings parts is one of its core technologies. In recent years, as the state has continued to promote industrial transformation and high -end manufacturing, the National Government and Bearing Industry Association have proposed a series of policies to actively guide the development of the bearing industry.

In 2020, the interpretation of the "Fourteenth Five -Year Plan for the National Bearing Industry" of the China Bearing Industry Association proposed a steady growth, motion energy, transition method, structure adjustment, shortcomings, forged long boards, strong weaknesses, quality improvement, increased quality, increased quality, increased quality, increased quality, increase The overall goal of the industry.

Judging from the current product structure of the bearing industry in my country, the production capacity of ordinary bearing with low technical content has been relatively sufficient; while high -precision, high -tech content, and high value -added bearings have a specialty and can meet special working conditions. Regardless of whether Is the variety or the number of development space.

With the intensified competition and the rise in raw materials, the low -end bearing industry with low gross profit margin and the survival pattern of low -end bearing industry will inevitably deteriorate. Only by continuously improving its own technology and actively promoting the tilt of the product structure towards high -tech content and high -value products can we continuously strengthen the market influence.

In addition, in recent years, as new energy vehicles have gradually developed in the direction of lightweight, miniaturization, and integrated, the requirements for the precision, reliability, life and durability of the bearing, etc., also put forward more demand for special vehicle bearing for special vehicle bearings. Essence

The reporter was informed that Ted's shares have gradually extended the product to the development and production of long -life high -speed bearing, new energy vehicles and other related bearing, new energy vehicles, and other accessories, and continuously improved the product grade and optimized the industrial structure.

"Taking new energy vehicle bearing as an example, the company has successfully developed dedicated bearing and components for new energy vehicle series to meet the demand for localization and future development of new energy vehicles." Anxin Securities analyst Zhu Haibin pointed out.

In this listing, the total investment of Ted's shares fundraising project is about 128 million yuan. construction project".

The company said that through the implementation of this project, the company's current stable performance and mature technology, such as: dual -column -angle contact ball bearings, car engine wheels bearing products (water pump shaft bearing, tension wheel series bearing) and other products, While satisfying reliability, it will continue to expand the scope of application of bearings.

At the same time, the company will provide the market with high -quality products that can replace imports. The company will study the application and material application of the bearings, increase high -end test equipment, promote product upgrades, enhance market competitiveness, and optimize the company's product structure construction.

In order to better serve customers in the new energy vehicle industry, the company will also conduct a series of research on automotive bearings to further enhance customer experience by continuously optimizing and upgrading products; It will also overcome high -temperature and high -speed bearing technology.

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