Weijie Chuangxin registered on the science and innovation board and broke down on the first day of listing

Source: alpha workshop

    On April 12, Weijie Chuangxin (688153. SH) officially landed on the science and innovation board. The issuing price of the company was 66.6 yuan / share. The stock price broke at the opening, and the opening price was directly opened 30% lower.

    The company‘s main business is the R & D, design and sales of RF front-end chips. The products are applied to mobile terminals such as smart phones, tablets and smart wearable devices. Downstream customers of the company include mainstream mobile phone brand manufacturers such as Xiaomi, oppo and vivo.

    In terms of performance, the company did not turn loss into profit until the first half of 2021. In the first half of 2021, the company made a profit of 4.2586 million yuan, which had been in a state of loss before. In addition, the sales amount of Weijie Chuangxin to the top five customers accounted for more than 95% of the total sales of each period. The excessive dependence on key customers is also the place where the market has always had doubts about the company.

    Market analysts said that by selecting 10 listed companies with similar main business and circulating share capital as Weijie innovation, such as Dingtong technology, Tianjian technology and galaxy wechat, it was found that the average share price of the 10 listed companies was 39.6 yuan and the highest price was 60.53 yuan. The issuing price of Weijie Chuangxin is as high as 66.60 yuan. In this way, the issuing price of the company is not very attractive to investors in the secondary market.

    As of April 12, Weijie innovation‘s share price was reported at 47.00 yuan, down 29.43%.