In 2022, the decline of IPO and refinancing was less than 70%, and the most profitable new stock was 16.

In 2022, the amount of IPO financing and refinancing in the mainland securities market both declined, the myth of invincibility was shattered, and the profit of new shares was less than 70%. The amount of refinancing remains at trillion scale, and the financing scale of the power industry ranks first, which is the only industry that exceeds 100 billion.

Securities Times DataBao and Tencent Finance jointly launched the 2022 Capital Portrait. This paper is the fifth portrait of financing, which comprehensively depicts the general appearance of financing in the mainland securities market in the past year.

I. Overview of financing

Securities Times data treasure takes the date of issuance of securities as the statistical caliber. In 2022, the total amount of funds raised in the mainland securities market was 1.54 trillion yuan (including IPO, fixed increase, rights issue and convertible bonds). ), down 16% from 5438+0 in 2026, hitting a four-year low. There are 944 market entities participating in fund-raising, which is 258 fewer than that of 202 1 1202, and the number of fund-raising entities has reached a three-year low.

From the financing mode, refinancing is still the main financing mode in the market. In 2022, the total amount of IPO fundraising was 522.4 billion yuan, accounting for 34% of the total fundraising; The total amount of refinancing raised was 65,438+0.02 trillion yuan, accounting for 66% of the total amount raised.

Second, IPO articles

In 2022, a total of 4 16 companies in the A-share market completed IPO securities issuance, raising a total of 522.4 billion yuan. Compared with 202 1, the number of IPOs and the amount of funds raised decreased by 20% and 13.36% respectively.

1, the IPO fundraising amount of the science and technology innovation board ranked first.

From the listing location, the Shenzhen Stock Exchange listed IPO 183, and the amount of funds raised was 207.768 billion yuan; The number of IPOs in Shanghai Stock Exchange is 150, and the raised funds are 297.964 billion yuan; There are 83 IPOs in Beijing Stock Exchange, raising166.83 million yuan.

In terms of the listed sector, there are 68 listed companies on the main board of Shanghai and Shenzhen, with financing of 86.305 billion yuan; GEM listed companies 145, financing176.327 billion yuan; 120 companies listed in science and technology innovation board, raising 243.098 billion yuan.

2. The amount of IPO funds raised by five provinces and cities exceeds 50 billion yuan.

From the perspective of the regions where IPO companies belong, in 2022, there were 12 provinces and cities that raised more than 10 billion yuan, and there were 5 provinces and cities that raised less than10 billion yuan, namely Guangxi, Inner Mongolia, Tibet, Jilin and Shanxi.

The first echelon of IPO fundraising includes five coastal economically developed provinces and cities, including Beijing, Guangdong, Jiangsu, Shanghai and Zhejiang, and the amount of funds raised exceeds 50 billion yuan; The second echelon includes seven provinces and cities such as Jiangxi, Tianjin, Hubei and Shandong, and the amount raised is between 654.38 billion and 20 billion yuan; 1 1 Shaanxi, Fujian, Henan and other provinces and cities raised funds in the range of 1 billion-10/billion yuan.

3. IPO in the electronics industry raised more than 100 billion yuan.

In terms of industries, there are 12 industries in which IPO raised more than 100 billion yuan, and the electronics industry raised 1 138 billion yuan, which is the only industry that raised more than100 billion yuan. Medical biology, power equipment, computers, mechanical equipment, petroleum and petrochemical, etc. Financing more than 30 billion yuan.

4. Seven of the fundraising TOP 10 are science and technology innovation boards.

From the perspective of a single company, there are four companies with IPOs exceeding 10 billion in 2022, including China CNOOC, UIH Medical, Guang Hai Information and Jingke Energy. China CNOOC raised 32.292 billion yuan in IPO, ranking as the "IPO fundraising king" in 2022. It is noteworthy that among 10 IPOs, 7 are science and technology innovation board companies.

Compared with 202 1, the proportion of IPOs below 1 billion decreased. This year, 240 companies raised less than 1 100 million yuan, accounting for 57.69%, and the proportion decreased by more than 17 percentage points.

Judging from the initial price, the issue price of 20 new shares exceeded 100 yuan, and the issue price of 3 new shares of Wanrun Xinneng, Huabao Xinneng and Naxinwei exceeded that of 200 yuan. There are 70 low-priced new shares with an issue price lower than 10 yuan, accounting for 16.8%. Hongye Futures is the only new stock whose initial price is lower than that of 2 yuan.

5. The profit from winning new shares accounts for nearly 68%.

According to the statistics of closing price, the average increase of new shares on the first day of listing in 2022 was nearly 30%, among which 24 stocks rose more than 1 times on the first day, and four new shares on the Growth Enterprise Market, such as Kuaike Electronics, Huibo Yuntong, Newtek and Yike Food, rose in the top four. On the first day of listing, 1 14 broke, accounting for 27.4%.

Among the main board stocks, the average number of new shares is 4, 24 new shares have a daily limit of more than 5, and 8 new shares on the main board have not been closed on the first day of listing. Hongye Futures is the "daily limit king" of new shares, with a cumulative increase of 16.

According to the statistics of the first-day closing price of registered new shares and the opening price of new shares in Shanghai and Shenzhen main boards, 283 new shares will be profitable in 2022, accounting for 68%. There are 87 new shares with a profit exceeding 10,000 yuan. Jardine Matheson has the highest profit, with a profit of 85,000 yuan per signing. Principal Kirin, Yuneng Technology and Lihang Technology have a profit of more than 50,000 yuan per contract.

There are 1 3 new shares with a loss of more than110,000 yuan, and Wanrun Xinneng has the highest loss, reaching 4 130,000 yuan. Zhong Yi Science and Technology, Hongming Co., Ltd. and Aojie Technology -U lost more than 20,000 yuan each time they signed.

Third, refinancing.

In 2022, 528 companies refinanced, raising 1.02 million yuan, the quantity and amount decreased by 22.58% and 1.74% respectively compared with 20021. From the perspective of financing methods, 335 companies raised 690.9 billion yuan; 10 companies raised 63.38 billion yuan through rights issue; 183 companies chose convertible bonds or exchangeable bonds, and raised 2.610.287 billion yuan.

1, the fixed increase of power equipment and the amount of rights issue ranked first.

Among the financing companies that issued additional shares or rights issues, 230 companies raised more than 500 million yuan, accounting for 66.67%; There are 1 57 companies that raise more than1100 million yuan, accounting for 45.5%. 15 companies raised more than10 billion yuan, and Contemporary Amp Technology Co., Ltd. ranked first with a fixed amount of 45 billion yuan.

From the perspective of the industry, the power equipment with high industry prosperity is the main fundraising force, with a total fundraising of 654.38+0244 billion yuan, which is the only industry that exceeds 100 billion yuan; Machinery and equipment, transportation and non-bank finance raised more than 70 billion yuan.

2. One billion convertible bonds are scarce.

Compared with the fixed increase, the amount of funds raised by issuing convertible bonds is relatively low, with 125 companies raising more than 500 million yuan through convertible bonds or exchangeable bonds, accounting for 68% of the total funds raised by the two types. There are only three companies that raise funds at the level of 100 billion yuan, including Chongqing Bank, convertible bonds issued by Tongwei Co., Ltd. and exchangeable bonds issued by the Three Gorges Group.