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A Shares This Year'S Largest IPO Start &Nbsp; China Water Conservancy Plan To Raise 17 Billion 300 Million

2011/7/27 9:47:00 32

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A Shares Largest IPO Water Resources In China

A shares are the biggest this year.

IPO

Officially launched.

The SFC announced on the evening of 25 evening that the Commission's main board of issuance and Examination Commission is scheduled to review the first application of China's water conservancy and hydropower construction Limited by Share Ltd (hereinafter referred to as "China Water Conservancy") in July 29th.

It is reported that China

Water conservancy

No more than 3 billion 500 million shares are to be issued in the SSE, and no more than 10 billion 100 million shares will be issued after the issuance of the SSE. The plan is to raise 17 billion 316 million 800 thousand yuan.

This also means that A shares this year's largest IPO officially launched.

The prospectus shows that the Chinese water conservancy fundraising fund is mainly used for 5 projects. It will raise 8 billion 842 million 800 thousand yuan for equipment procurement projects and construction equipment procurement projects. The plan is 604 million yuan for the BOT project of Gan re hydropower station in Kampuchea, 1 billion yuan for Gansu Jiuquan dry mouth river wind power project, 500 million yuan for Sichuan maolgai hydropower station project, 370 million yuan for Sichuan Cheng Jian Expressway BT project, and another 6 billion yuan for supplementary working capital.

China water conservancy was initiated by the China Water Conservancy and Hydropower Construction Group Corporation and the China Hydroelectric Engineering Consulting Group Company. Its establishment date was November 30, 2009.

Among them, China Hydropower Group holds 6 billion 534 million shares, accounting for 99% of the total share capital, and China Water consultancy group holds 66 million shares, accounting for 1% of the total share capital.

The nature of share ownership is state-owned shares.

The company's main business includes engineering contracting, power investment and operation, equipment manufacturing and leasing, and real estate development.

The company achieved operating income of 60 billion 795 million yuan, 75 billion 540 million yuan and 101 billion 494 million yuan respectively in 2008~2010, and the net profit attributable to the parent company was 1 billion 265 million yuan, 2 billion 289 million yuan and 2 billion 911 million yuan respectively.

2010, China Water Conservancy share

Profit

For 0.4365 yuan, if it is to complete the expected 17 billion 316 million 800 thousand yuan raise fund, the issue price of the stock will be 4.95 yuan, and the issue price earnings ratio is 11.33 times.

This price earnings ratio is basically in line with market conditions.

From the price earnings ratio of similar enterprises in the same industry, the price earnings ratio of China's iron construction (601186.SH) is about 14.50 times as high as 26 days, and China's construction (601668.SH) is about 10.98 times, while China's 601618.SH is about 12.64 times, and China Railway (601390.SH) is about 10.19 times.