Does Xinhan New Material have investment value?

Xinhan New Materials has investment value. Xinhan New Materials was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange today, with stock code 301076, an issue price of 31 yuan per share, and an issue price-to-earnings ratio of 36.47 times. The main business of Xinhan New Materials is R&D, which produces and sells aromatic ketone products. The main products include special engineering plastic core materials, photoinitiators and cosmetic raw materials.

1. According to the announcement of the exchange

Yan Liuxin and Qin Cui'e are the controlling shareholders and actual controllers of the company. As of the date of signing of the prospectus, Yan Liuxin directly holds Qin Cui'e directly holds 26.01% of the company's equity. The sponsor of Xinhan New Materials' listing is Zhongtai Securities Co., Ltd. The company has raised 620 million yuan, which will be used to produce 8,000 tons of aromatic ketones per year and its supporting projects, build a research and development center, and supplement working capital.

2. Xinhan New Materials is on the market

From July to December 2020, the company achieved operating income of 146.393 million yuan, an increase of 6.10 compared with the same period last year, mainly due to the In the second half of the year, affected by the COVID-19 epidemic in India and the adjustment of SOLVAY Group's procurement strategy, SOLVAY's purchase of DFBP from the company increased significantly, resulting in an increase in sales of core raw material products for special engineering plastics in the second half of 2020; 2020 From July to December 2020, the company's comprehensive gross profit margin was 39.64, a decrease of 1.21 percentage points from the same period last year; from July to December 2020, the company achieved a comprehensive gross profit of 58.0246 million yuan, an increase of 2.95 from the same period last year. July 2020 In December, the company's period expenses totaled 21.6898 million yuan, an increase of 40.52% compared with the same period last year.

To sum up, on the one hand, the increase in managerial compensation in 2020 has caused an increase in management expenses for the current period compared with the same period last year. On the other hand, since the second half of 2020, the continued depreciation of the US dollar has increased the current management expenses. Exchange losses and financial expenses increased by 3.2765 million yuan compared with the same period last year.