Analysis of Suggestions on Science and Technology Procurement in Gong Kun

We can analyze and judge the subscription value and break of Gong Kun science and technology stocks from the following aspects:

1, issue price and P/E ratio: the IPO price of Gong Kun Science and Technology is 5.8 yuan/share, the corresponding P/E ratio is 2 1.35 times, and the reference industry P/E ratio is 35.5 1 times. It can be seen that the IPO price of Gong Kun Science and Technology is reasonable, the P/E ratio is lower than the industry, the premium space is small, and the risk of breaking after listing is small.

2. Performance: 20 19 to 202 1, Gong Kun's science and technology revenue was 418139,900 yuan, 402,9961000 yuan and 566,496,900 yuan respectively, and the net profit attributable to the mother in the same period was.

3. Gross profit margin: from 20 19 to 202 1 year, the gross profit margin of Gong Kun Science and Technology is 20. 12%, 16. 17% and 12.35% respectively, which shows the gross profit margin of the company.

4. Accounts receivable: 20 19 to 202 1, accounts receivable of Gong Kun Science and Technology are117565438+50,000 yuan, 13594. 1 1 respectively. It can be seen that the company has a high amount of accounts receivable and tight cash flow. The aging of accounts receivable is mostly within 1 year, and the risk of bad debts is small.

5. R&D: from 2019 to 202 1 in the first half of the year, the company's R&D expense ratio was 2.93%, 2.95% and 2. 10% respectively, which was lower than the industry average, indicating that the company invested less in R&D. ..

To sum up, Gong Kun has poor technological growth, weak market competitiveness and poor business model. Combined with the pricing of new shares, the subscription value is average. In addition, considering that the market breaks frequently, it is not excluded that Gong Kun Science and Technology will break on the first day of listing. It is suggested that you buy carefully according to your own risk-taking ability.