Log in to Sina Finance APP to search [Xinpi] to see more evaluation levels.

The performance of secondary IPOs has changed.PowerballmostwinningnumbersSponsor agencies may not escape being punished.

May 10thPowerballmostwinningnumbersAccording to a ticket disclosed by the Zhejiang Securities Regulatory Bureau, Lilda, which was successfully recommended for listing by Guoxin Securities last year, changed its performance by deducting non-net profit from profit to loss in 2023, with a loss of nearly 20 million yuan. To this end, the Securities Regulatory Bureau issued a warning letter to Guoxin Securities and two signed insurers.

It is reported that Lilda explained in the annual report that the macroeconomic downturn and the decline in customer demand led to a decline in product performance, while the increase in price losses due to higher inventories and the increase in management expenses also led to a decrease in net profit.

According to brokerage Chinese reporters combing found that in 2023 A shares of 313 newly listed companies, more than 60% of the listed year performance decline, of which 45 deducted non-net profit "halved" more than. Five listed companies, including the above-mentioned Lilda, changed from profit to loss in the year when they were listed. Some people in the industry believe that there are many factors in the decline in performance, among which the reduction in market demand caused by macroeconomic changes and the complex situation at home and abroad is one of the important factors.

Loss in the year of listing

According to the fine issued by Zhejiang Securities Regulatory Bureau on May 10th, Lilda's net profit after deducting non-recurring profits and losses belonging to shareholders of listed companies in 2023 was a loss of 1831.Powerballmostwinningnumbers.71 million yuan.

The company listed on the North Stock Exchange on February 17, 2023, the above data means that the company lost money in the year of listing, and the listing criteria selected for the IPO project include net profit criteria.

According to Lilda's prospectus and annual report of that year, Lilda's main business is the development, production and sales of IC value-added distribution business and Internet of things modules and Internet of things system solutions. The deduction of non-net profit in 2019, 2020, 2021 and 2022 is 2316 respectively.Powerballmostwinningnumbers12,000 yuan, 43.5869 million yuan, 170 million yuan, 91.5 million yuan. In this context, the deduction of non-net profit from profit to loss in 2023 has attracted much attention from the market.

Lilda explained that the main reason was the overall macroeconomic downturn during the reporting period, with weaker customer demand leading to different levels of decline in product performance and gross profit margin, as well as an increase in price losses due to higher inventories and an increase in management costs, resulting in a decrease in net profit.

The Zhejiang Securities Regulatory Bureau said that it decided to take supervision and management measures to issue warning letters to two signatures of Guoxin Securities and the IPO project, Liu Hongzhi and Zhu Xingchen, respectively, which were recorded in the integrity files of the securities and futures market, requiring Guoxin Securities to seriously learn lessons, conscientiously carry out its work, earnestly perform its sponsor duties, and submit a written rectification report.

On the same day, Zhejiang Securities Regulatory Bureau also disclosed the fine on Lilda. The listed company also has a situation in which the performance forecast is quite different from the actual performance, from the initial forecast profit to later revised to a loss.

Specifically, the regulation found that when Lilda disclosed its performance in February, KuaiBao was expected to achieve a net profit of 6.6244 million yuan belonging to shareholders of listed companies in 2023. However, an amendment notice was issued on April 23rd, saying that the net profit attributed to shareholders of listed companies in 2023 is expected to be a loss of 6.016 million yuan. Finally, according to the 2023 annual report, the company's audited net profit belonging to the shareholders of the listed company is a loss of 6.016 million yuan.

In the view of Zhejiang Securities Regulatory Bureau, Lilda performance KuaiBao, performance forecast related information disclosure is not accurate, correction is not timely. In addition, there are inconsistencies in the relevant contents of Lilda's "2023 Annual results KuaiBao revision announcement". To this end, Zhejiang Securities Regulatory Bureau took supervision and management measures to Lilda, chairman, general manager, financial director and secretary of the board of directors respectively, which were recorded in the integrity files of the securities and futures market.

More than 60% of newly listed enterprises deducted non-net profit decline in 2023

In addition to the above-mentioned Lilda, brokerage Chinese journalists have noticed that a few new shares listed in 2023 have also performed poorly.

According to reporter's statistics, a total of 313 enterprises were newly listed in the whole A market in 2023, of which 192 enterprises showed a decline in performance in the same year of listing, accounting for 61.34%. Further, 45 newly listed companies halved their performance in 2023, a decline of more than 50%.

Among the secondary IPOs whose performance has fallen off the cliff, five newly listed companies have turned from profits to losses. In addition to the aforementioned Lilda, there are the gem enterprise Glibo deducting a non-net profit loss of 428 million yuan in 2023 and a profit of 221 million yuan in the previous year; Anda Technology, an enterprise on the North Stock Exchange, lost 634 million yuan, and made a profit of 816 million yuan in the previous year; Science and Technology Innovation Board's enterprise, Kyushu, lost 7.4476 million yuan, and made a profit of 61.2119 million yuan last year. The gem enterprise North Changlong lost 7.1108 million yuan and made a profit of 77.8014 million yuan last year.

Some brokerage investment bankers believe that there are many factors in the decline in the performance of new shares. Some IPO enterprises have general fundamentals and are easily affected by the complex economic situation at home and abroad, resulting in a decline in performance due to the reduction of market demand, while some IPO enterprises have undergone great changes in their industry policies. In addition, it does not rule out that the IPO companies recommended by individual securities firms do have defects.

This is also one of the important reasons for the recent revision of the listing threshold of the exchange. It is reported that the previous listing conditions of the main board and gem are not adaptive, mainly due to low financial indicators, small profit scale of some enterprises, weak anti-risk ability, and large fluctuations in performance after listing.

After the introduction of the "New Nine articles" in April this year, a number of listed boards have improved some of the listed financial indicators in order to enhance the stable return ability of the main board enterprises and highlight the risk resistance and growth of the gem enterprises.