October 22, 2021 (China Knowledge) – Cofoe Medical Technology (301087) will start trading on the Shenzhen ChiNext market on October 25, next Monday. The company issued 40.00 million shares at a price of 93.09 RMB per share, thus increasing 3.72 billion RMB. Its price / earnings (PE) ratio stands at 37.15. At the time of subscription, the IPO was oversubscribed 5,978 times. Western Securities, Everbright Securities acted as the principal underwriter and Western Securities was the sponsor of the IPO. Cofoe Medical Technology manufactures and distributes medical equipment. The company produces health monitoring equipment, rehabilitation assistance equipment, medical care equipment, medical physiotherapy equipment, respiratory assistance equipment and others. Cofoe Medical Technology also manufactures basic necessities, electronics, hygiene products, cosmetics and other products. In fiscal year 2020, Cofoe Medical Technology achieved total revenue of 2.38 billion RMB, up 62% year-on-year. In terms of net profit, it reached RMB 425 million, up 242% year-on-year. In the first half of 2021, the company reported revenue of RMB 1.1 billion, down 10% year-on-year, and its net profit reached RMB 216 million, down 21% year-on-year. annual. The company is part of the pharmaceutical and biological industry which currently has 396 ATMs in Shanghai and the Shezhen Stock Exchange with a combined total market capitalization of 7,752 billion RMB, the industry average PE of 38 times. The pharmaceutical and biological industry index is up 7.82% since the start of the year, which ranks it 18th among the 29 major industrial groups. Shanghai Pharmaceuticals Holding Co., Ltd (601607) ranks first in terms of sales in the industry, with a turnover of 191.91 billion RMB in 2020, with a net profit of 4.5 billion RMB , at 9 times the PE. The second largest is Jointown Pharmaceutical Group Co., Ltd. (600998), total turnover of 110.86 billion RMB and net profit of 3.08 billion RMB, at 8 times the PE. Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (600332) ranked third. It generated a total turnover of 61.67 billion RMB last year and a net profit of 2.92 billion RMB, with a PE 13 times higher. The industry average PE for identical or similar stocks on the Hong Kong Stock Exchange (HKEx) and the US stock markets for pharmaceuticals and biologics is 34 times and 52 times, respectively. Since the start of the year, the industry index on the HKEx has increased by 12.02% and the United States by 22.76%. There will be two more IPOs next Monday, Hangzhou Flariant Co., Ltd. (605566) and Hangzhou Kaierda Welding Robot Co., Ltd. (688255). Since January, a total of 385 companies have been listed on the Shanghai or Shenzhen Stock Exchange, most of which are primarily in the machinery equipment, electronics, and pharmaceutical and biological industries. Copyright 2018 www.chinaknowledge.com Send your comments or comments to: [[email protected]](/cdn-cgi/l/email-protection) For more news, weekly financial reports, China business guides, and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com To access our page on Bloomberg, type CKFI Sources 2/ https://www.chinaknowledge.com/News/DetailNews/92750/ The mention sources can contact us to remove/changing this article What Are The Main Benefits Of Comparing Car Insurance Quotes Online LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. 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