crashteamrumble| Shen Hong Wanyuan sponsors Oufu Egg Industry IPO project quality rating B-level underwriting sponsorship commission rate is high
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Special topic: practice quality rating of securities firm IPO project
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(1) basic information of the company
Full name: Suzhou Oufu egg industry co., Ltd
Abbreviation: Ofu Egg Industry
Code: 839371Crashteamrumble.BJ
Date of declaration of IPO: June 30th, 2022
Listing date: January 18, 2023
Listed sector: Beijing Stock Exchange
Industry: agricultural and non-staple food processing industry (CSRC Industry 2012 version)
IPO sponsor: Shen Wanhongyuan
Sponsor representative: Diao Yangxun, Shi Shanxu
IPO underwriter: Shenwan Hongyuan Securities underwriting recommendation Co., Ltd.
Lawyer IPO: Shanghai Jintiancheng Law firm
IPO audit firm: international accounting firm (special general partnership)
(2) Evaluation of practice
(1) letter cloak
Inadequate disclosure of the procurement model; sponsor agencies, issuers' lawyers and reporting accountants are required to fully verify and express opinions on the integrity of the disclosure of related transaction information, whether there is non-relevance of related transactions, and whether there are related parties or former related parties to bear costs and expenses on behalf of issuers; was asked to explain the situation of major suppliers during the reporting period.
(2) Supervision and punishment: no deduction of points
During the reporting period, the issuer and its subsidiaries were subject to a total of 3 administrative penalties.
(3) Supervision by public opinion: no deduction of points
(4) listing cycle
The average number of days from declaration to listing of listed A-share enterprises in 2023 is 487.CrashteamrumbleIn 83 days, the listing cycle of Ofu Egg is 202 days, which is lower than the overall average.
(5) whether to declare multiple times: no, no points deduction
(6) issuing expenses and issuing expenses rate
The underwriting and recommendation fee of Oufu Egg Industry is 10.3744 million yuan, and the commission rate of underwriting recommendation is 8.02%, which is higher than the overall average of 6.35% and 6.47% higher than that of sponsor Shenhong Wanyuan IPO underwriting project in 2023.
(7) performance on first day of listing
On the first day of listing, the share price increased by 69.60% compared with the offering price.
(8) three months' performance on the market
Three months after listing, the share price is up 31.20% from the offering price.
(9) IPO price-to-earnings ratio
Ofu egg industry's IPO price-to-earnings ratio is 24.09 times, the industry average is 34.32 times, the company is lower than the industry average of 29.81%.
(10) actual proportion of funds raised
It is expected to raise 129 million yuan, but the actual fund-raising is 129 million yuan, accounting for 0.25% of the total.
(11) short-term performance after listing
In 2023, the company's operating income increased by 8.94% over the previous year, net profit increased by 20.56% over the same period of the previous year, and non-return net profit increased by 22.27% over the same period of the previous year.
(3) Total score
The total score of IPO project of Ofu Egg Industry is 86 points, classified as B grade. The negative factors affecting the score of Ofu egg industry are that the quality of the company's letter coat needs to be improved and the rate of issuing expenses is high. This shows that although the company's performance is good in the short term, the quality of the letter coat needs to be improved, and investors are advised to pay attention to the authenticity behind its performance.