August 05, 2020 (China Knowledge) – Beijing Quanshi World Online Network Information Co., Ltd. (002995) will start trading on the Shenzhen Stock Exchange – SME Board today, at a public offering price of RMB 33.84 per share, increasing RMB 547.19 million. Its initial listing shares represent 25% of the total shares outstanding. The company’s initial price-to-earnings (PE) ratio is 22.99.
Minsheng Securities acted as the main underwriter and sponsor for the IPO.
Earlier, Beijing Quanshi World Online Network Information Co., Ltd. said its IPO was 9,194 times oversubscribed. Since 2019 to date, IPOs of A shares have reached a median oversubscription of 2,373 times and the highest of 8,375 times. We expect the IPO to hit the 44% increase limit on its first day of listing. For subsequent 30-day exchanges, performance can be obtained from our China IPO Weekly.
Beijing Quanshi World Online Network Information Co Ltd is a China-based company providing comprehensive internet marketing services and enterprise-level Software as a Service (SaaS) marketing services to corporate clients. The Company’s integrated internet marketing services primarily include data mining and strategy formulation, media resource sourcing, creative design and material production, placement testing and effects analysis, l ‘optimization and placement of strategies, monitoring and evaluation of effects. The Company’s enterprise-level SaaS marketing services are primarily aimed at providing customers with comprehensive services such as consulting, training, purchasing and maintenance of SaaS products. The Company mainly operates its business in the domestic market.
In fiscal 2019, Beijing Quanshi World Online Network Information Co., Ltd. achieved a total turnover of 2.39 billion RMB, up 2% year-on-year. In terms of net profit, it reached 99 million RMB, up 15% year-on-year. Thus, the return on equity (ROE) and return on assets (ROA) were 25.57% and 13.07% respectively, for an earnings per share (EPS) of 2.04 RMB.
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