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Equity · IPO
Ld Intelligent Technology’s IPO debut on Shenzhen Stock Exchange today
2020/09/10 06:30:33

Sep 10, 2020 (China Knowledge) - Ld Intelligent Technology (300883) to start trading on the Shenzhen ChiNext Market today, at a public offering price of RMB 4.64 per share, raising RMB 401.36 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 19.75.

Soochow Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Ld Intelligent Technology said its IPO was 4,160 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

LD Intelligent Technology Co Ltd is a company mainly engaged in design, production and sales of cartons. The Company's primary products are corrugated boxes. The products are used as packaging in food and beverage, daily chemical, household chemicals, grain and oil, home office, electronic equipment, medicine and medical industries. The Company also provides corrugated cardboard and base paper, such as single-sided corrugated cardboard, three-layer single-corrugated cardboard and five-layer double-corrugated cardboard. The Company sells its products to both domestic and international markets, including the United States, Australia and Canada.

In financial year 2019, Ld Intelligent Technology garnered a total revenue of RMB 871.48 mln, up 1% YoY. In terms of net income, it achieved RMB 98 mln, down 4% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 9.55% and 7.03% respectively, earning per share (EPS) of 0.33 RMB.

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