Key investment points:
The activity of the new stock market declined. The activity of the new stock market declined in the week when the valuation of new shares issued on the GEM in May declined. In the week when new shares were listed in the last six months, a total of 14 stocks recorded a positive increase (accounting for 31.11%, the previous value was 55.32%).
Science and technology innovation board: no new shares were listed on the science and technology innovation board last week. During the week, Zhongchuang Shares and Essen Shares recorded weekly positive gains, while Canxin Shares, Beijing Instrument Equipment and Arlo Energy saw weekly declines of more than - 4%.
GEM: No new shares were listed on GEM last week. During the week, Ruidi Zhiqu and Kent shares increased by more than 10% each week, while Meixin Technology and Junding declined by more than - 7% each week.
Shanghai and Shenzhen Main Board: Last week, no new shares were listed on the Shanghai and Shenzhen Main Board. Within the week, Yongda Shares, Ping An Electricians and Longqi Technology increased by more than 2%, while Xueqi Electric, Dinglong Technology, Guanghe Technology and Shengjing Micro Week decreased by more than - 7%.
New stock cycle: four new stocks were listed in April, including one science and technology innovation board, two growth enterprise boards and one main board. In April, the valuation of new stocks on the first day of the science and technology innovation board was lower than that in March, and the valuation of new stocks on the first day of the growth enterprise board/main board was higher than that in March. The high rise of new stocks on the first day of April led to the rise of the valuation on the first day of the board, which led to the differentiation of the valuation level of the board; Since May, two new shares have been listed, including one on the Science and Technology Innovation Board and one on the Growth Enterprise Board. In May, the growth of new shares on the first day of the Growth Enterprise Board remained high, and the valuation on the first day of the opening was lower than that in April. In May, the valuation of new shares issued on the Growth Enterprise Board declined, and the valuation level gradually returned.
Investment suggestions:
Near end listed key new shares:
2024/05: Ruidi Zhiqu (electromagnetic brake/harmonic reducer) 2024/04: Guanghe Technology (server PCB)
2024/02: Nova Nebula (LED display control system), Chengdu Huawei (special IC); 2023/12: Essen (electroplating solution and supporting reagent/photoresist and supporting reagent); 2023/11: Jingyi Equipment (semiconductor dedicated temperature control equipment/semiconductor dedicated process waste gas treatment equipment/wafer transmission equipment), Mecca Core Color (wind power blade coating leader, taking advantage of the opportunity to enter the ship coating market); 2023/9: Shengke Communication - U (commercial Ethernet switching chip);
2023/8: Huaqin Technology (intelligent hardware ODM), Guanggang Gas (electronic bulk gas), Wavelength Optoelectronics (precision optical components); 2023/7: Jingzhida (DRAM test);
2023/6: CSI (crystalline silicon photovoltaic module), Zhixiang Jintai - U (monoclonal antibody and bispecific antibody drugs), Core Motion Link (high-performance MEMS inertial sensor);
2023/5: Zhongke Feice-U (semiconductor detection and measurement equipment); 2023/4: Huashu High tech (leading industrial additive manufacturing equipment), Jingsheng Co., Ltd. (silicon carbide crystallization furnace); 2023/3: Maolai Optics (industrial precision optics: semiconductor detection, lithography machine, gene sequencing, AR/VR); 2023/2: Yutai Wei-U (Ethernet physical layer chip), Longxun (high-definition video bridge and processing chip); 2023/1: Baili Tianheng-U (double/multi specific antibody, ADC drug research and development);
Near end new shares to be listed: Huicheng Vacuum, Dameng Data.
Key new shares that have been approved: Kema Technology, Laplace, Fute Technology, Electronic Network, Longtu Mask.
Remote depth report covers: Nova Nebula, Core Motion LinkedIn, Anlu Technology, Ruihuatai, Weifeng Electronics, Rongzhi Rixin, Aohua Endoscopy, Guangliwei, Longxun Co., Ltd., Dingtai Gaoke, Silingjie, He's Ophthalmology, etc.
Risk tip: the risk of substantial fluctuation of new shares; The risk that the performance of new shares does not meet expectations; Systematic risk
