□ Reported by reporter Li Jing in Beijing
Recently, large-scale fixed increase projects have emerged one after another in the A-share market.The data shows that the announcement date of the plan is the benchmark. As of the press release on June 26, nearly 300 companies in the A-share market have issued fixed increase plans during the year.From the perspective of the field of fixed increase investment, the popularity of popular tracks has not diminished, and new energy and semiconductors have become the main investment directions for fixed increase of A-share companies this year.
Nearly 300 companies issued fixed increase plans during the year
Recently, the A-share market has been steadily increasing.According to Flush data, based on the date of the initial announcement of the plan, as of the press release on June 26, 292 companies in the A-share market have released 333 fixed increase plans this year, and the total amount of funds raised is expected to be 565.885 billion yuan, slightly lower in the same period last year.
In terms of the amount of funds raised, Flush data shows that during the year, 8 listed companies have planned to raise more than 10 billion yuan, and 136 companies have planned to raise more than 1 billion yuan.Among them, AVIC, Huaihe Energy, and Huayou Cobalt ranked the top three, with fundraising amounts of 48.907 billion yuan, 38.859 billion yuan and 17.7 billion yuan respectively.In the same period of last year, 14 companies raised more than 10 billion yuan in fixed increments, the highest was XCMG, with 38.686 billion yuan in fixed increment plans, followed by Hua Xia Bank and SF Holding, which planned to raise funds through fixed increments The amount is 20 billion yuan.
Judging from the fixed increase projects that are being implemented, this year is not as good as the same period last year in terms of the number of projects and the amount of funds raised.According to Flush data, 102 fixed increase projects of 100 companies have been implemented since the beginning of this year, with a total raised capital of 209.768 billion yuan. There are only two fixed increase projects exceeding 10 billion yuan, namely Ningde Times and Shanghai Pharmaceuticals.In the same period last year, 220 fixed increase projects of 217 companies were being implemented, with a total fund-raising amount of 380.015 billion yuan. There were 6 fixed increase projects exceeding 10 billion yuan. The highest was the Postal Savings Bank, which raised 30 billion yuan. Yuan.
In the opinion of industry experts, the changes in the fixed increase market are related to the market environment.Since the beginning of this year, the A-share market has fluctuated and adjusted, and some star projects that have caused many institutions to scramble to raise funds have not been lifted but have already lost money, which has reduced the enthusiasm of institutions to participate in the fixed increase.
Taking UFIDA as an example, on January 25, the fixed increase project of UFIDA was settled. The company issued 166 million shares to 17 objects at a price of 31.95 yuan per share, with a total fund-raising of 5.298 billion yuan. Gold, JPMorgan Chase and other well-known institutions participated.But then the company's stock price continued to fall. As of the close on June 24, UFIDA closed at 20.14 yuan, and the institutions participating in the fixed increase still lost about 2 billion yuan.
However, as the A-share market has been heating up recently, the income from the fixed increase event has rebounded since May, and the fixed increase market is also heating up.Flush data shows that since May, the enthusiasm of listed companies to issue fixed increase plans has rebounded significantly. From May to June 26, 126 listed companies in the A-share market released 142 fixed increase plans. Among the fixed increase plans released during the year , accounting for more than 40%.
"The fixed increase has always been one of the important means of financing for listed companies, especially when the company's development prospects are promising and the fixed increase price is attractive, investors' enthusiasm for participation will be very high. However, in the first half of this year, the market fluctuated greatly, so The external environment for private placement is changing rapidly," said Chen Li, chief economist of Chuancai Securities and director of the research institute.
New energy and semiconductors become the main direction of fixed-increase investment
The reporter combed and found that from the perspective of fundraising investment, new energy and semiconductors have become the focus of fixed increase fundraising in the fixed increase plans issued by A-share listed companies this year.Judging from the recently released well-known fixed increase plans and implemented fixed increase projects, Barrett, Ningde Times, Huayou Cobalt, etc. are all leading companies in the new energy industry chain, and the fundraising projects are all new energy layouts. main job.
In terms of quantity, according to Flush data, 80 of the 333 fixed increase plans released by 292 companies this year will be invested in new energy fields, including new energy batteries, new energy vehicles, wind power, photovoltaics, The total amount of funds raised in various sub-sectors such as energy storage is 179.934 billion yuan, accounting for more than 30% of the funds to be raised in the fixed increase plan released this year.
Among the 80 new energy-related fixed increase plans, 51 fixed increase projects raised more than 1 billion yuan.Among the 8 fixed increase plans of over 10 billion yuan this year, the new energy-related fixed increase plans occupy three seats, namely Huayou Cobalt, China Power Construction and Daquan Energy, and the fixed increase funds are 150 100 million yuan and 11 billion yuan, Huayou Cobalt's fixed increase fundraising will be used to increase new energy, layout lithium battery industry chain, China Power Construction's fundraising will be mainly used for offshore wind power, pumped storage power station and railway engineering construction projects The funds raised by Daqo Energy will be mainly used for projects with an annual output of 100,000 tons of high-purity silicon-based materials and to supplement working capital.
In addition, in this year's fixed increase plan, 15 fundraising investment directions are in semiconductor-related fields, with a total fundraising amount of 36.144 billion yuan, of which 11 fixed increase plans are proposed to raise more than 1 billion yuan.The highest amount of funds raised is Luxshare Precision, reaching 13.5 billion yuan. The company announced that the fixed increase will be mainly used for the production line construction project of high-voltage connection system products for new energy vehicles, and the production line construction projects for advanced semiconductor packaging and testing products.Chen Li said that it is not surprising that the fixed increase project focuses on new energy and semiconductors, because new energy and semiconductors are high-quality growth tracks with large market space and high-quality transformation concepts. Investors have been paying more attention, and the willingness to participate in market funds is also relatively high. high.
In the current market environment, what is the allocation value of the fixed increase investment?Chen Li believes that the focus of participating in the fixed increase market investment should refer to two factors, "one is the development prospects of the company and the industry, and the other is the matching degree between the current stock price and the fixed increase price and the company's actual valuation within a reasonable range, if it is very good If the company is only a popular company, the investment risk is relatively high.
