On Sept. 7, time Electric listed on the Shanghai Stock Exchange Science and Technology Innovation Board, staging a capital feast. As of press time, time Electric shares rose 79.09%.
At the same time, Zhuzhou CRRC Times Electric Hong Kong stocks are now another "scenery". Its H shares fell more than 10%, in sharp contrast to A shares.
Data show that the N era belongs to the special equipment-construction, agricultural machinery and heavy truck industry. The company's main business: rail transit equipment business, emerging equipment business, other products. The actual controller of the company is the State-owned assets Supervision and Administration Commission of the State Council.
In the same company, ah shares are in a state of ice and fire. What on earth is going on?
On the one hand, due to Science and Technology Innovation Board's high valuation attribute, it is possible to bring siphon effect. That is, the same / similar companies, Science and Technology Innovation Board can give a much higher valuation and price, which will attract the stock funds of such enterprises to withdraw from other markets and chase Kechuang board companies, leading to a downward trend on the motherboard.
On the other hand, in fact, the Hong Kong stock price of Zhuzhou CRRC Times Electric has doubled recently and is at a high level. For a company that has not changed much, it can be expected that the share price will fall after cashing in.
However, as a traction converter system supplier in China's rail transit industry, time Electric has the comprehensive capabilities of research and development, design, manufacturing, sales and service. After A-share listing, the company will become a dual-listed company.
Societe Generale Securities also pointed out that Zhuzhou CRRC Times Electric based on rail traffic and power grid IGBT, business extends to the car specification level IGBT, has won nearly one million sets of domestic mainframe factory IGBT "three-in-one" motor contracts.