In the first half of 2022, affected by a series of factors such as repeated epidemics, geopolitical conflicts, and the Fed's interest rate hike, the performance of A shares was relatively sluggish, and the pace of A-share issuance also slowed down. So today, Bian Xiao is here to sort out the stock-related knowledge for everyone. Let's have a look!

The number of "three middle schools" projects occupies the top three.

Based on the date of issue, 200 new shares were issued in the first half of this year, with 5 1 participating brokers. Among them, only 1 1 brokers underwrite more than 1, and only1brokers underwrite. Polarization is still obvious. The top ten brokers have a combined market share of 69%.

CITIC Securities, CITIC Jiantou and CICC ranked in the top three. CITIC Securities underwritten 25 new shares in the first half of the year, ranking first in the industry with a market share of 12.5%. CITIC Jiantou followed closely, underwriting 22 new shares. CITIC Securities and CITIC Jiantou are the only brokers underwriting more than 20 new shares.

CICC underwritten 15 new shares in the first half of this year. Although there is a certain gap with CITIC Securities and CITIC Construction Investment, it still ranks first in the industry and third in the industry. Guotai Junan and Haitong Securities, the top brokers, tied for fourth place with 14 IPO underwriting. Huatai United ranked sixth with 12 IPO underwriting.

Compared with the same period last year, the rankings of CICC and Shen Wanhongyuan have both increased. 202 1 In the first half of the year, CICC only ranked 12 in the number of IPO underwriters. It jumped to the third place in the industry in the first half of this year. Shen Wan Hongyuan rose to ninth place from 2 1 in the same period last year.

It is worth mentioning that the revenue and net profit of GF Securities among the head brokers are stable in the top ten in the industry, but its IPO underwriting ranking in the first half of this year is only ranked 16 in the industry. In the first half of the year, GF Securities only underwritten three new shares.

The reason for the poor performance of GF Securities Investment Bank lies in the subsequent influence of Kangmei Pharmaceutical's fraud. On July 20, 2020, influenced by Kangmei Pharmaceutical's fraud, GF Securities received a decision on administrative supervision measures from Guangdong Securities Regulatory Bureau, and took administrative supervision measures against the company, such as ordering it to make corrections, suspending the company's sponsor qualification for six months, temporarily refusing to accept the relevant documents of the company's bond underwriting business for 65,438+02 months, and ordering it to restrict the rights of senior managers.

Some investment bankers told Caijing that the punishment had a great impact on GF Securities, resulting in losses for some investment bankers and projects. At present, GF Securities is still in the recovery period.

Among small and medium-sized brokerage investment banks, Minsheng Securities, Essence Securities and Zhongtai Securities performed well. In the first half of this year, there were 7 brokers underwriting new shares above 10, and Minsheng Securities was one of them. Although compared with last year, the ranking has dropped by two places. However, the number of new shares underwritten by Minsheng Securities in the first half of the year still reached 1 1.

20 15 Feng Henian, former director of the Growth Enterprise Market Department of the China Securities Regulatory Commission, joined Minsheng Securities and became the chairman. Under the leadership of Feng Henian, Minsheng Securities Investment Bank has sprung up and become a dark horse in the industry. In 2020 and 20021year, the number of IPO underwriters of Minsheng Securities ranked fifth in the industry. However, with Feng Henian being investigated for serious violation of discipline and law in June this year, the future development of Minsheng Investment Bank is also full of unknowns.

In addition, the number of new shares underwritten by Essence Securities is 8, ranking eighth in the industry. Zhongtai Securities, China Merchants Securities and Everbright Securities tied for 10 with the number of new shares underwritten by four companies respectively.

Some small brokers also gained something in the IPO in the first half of the year. Brokers such as Hualong Securities, Huaying Securities, Bohai Securities, Shenzhen-Hong Kong Securities, Yongxing Securities and Shenzhen-Hong Kong Securities all underwrite the issuance of 1 new shares.

However, there are also a number of small and medium-sized brokers whose rankings have dropped significantly. For example, the number of new shares underwritten by Guo Jin Securities in the first half of last year was 8, ranking as 1 1. In the first half of this year, there were only two underwriting companies, ranking 24th. Central china securities's ranking dropped from 17 in the same period last year to 45th. Zheshang Securities underwritten six new shares in the first half of last year, but failed to collect any in the first half of this year.

CITIC Jiantou is the most profitable.

Taking IPO underwriting income as an indicator, Wind data shows that in the first half of this year, there were 25 brokers whose IPO underwriting and sponsorship income exceeded 100 million yuan, of which 4 exceeded 654.38 billion yuan. However, there are 26 brokers whose IPO sponsorship income is less than 654.38 billion yuan.

In the first half of the year, CITIC Jiantou surpassed CITIC Securities in one fell swoop and became the most profitable brokerage investment bank. In the first half of 2022, CITIC Construction Investment achieved an initial IPO income of 654.38+80.9 million yuan, with a market share of 654.38+03.84%, ranking first in the industry. CITIC Securities' income from underwriting new shares was 65.438+63.9 billion yuan, falling to the second place. Haitong Securities, CICC and Guotai Junan ranked third to fifth.

Huatai United slipped from the third place in the same period last year to the sixth place. In the first half of this year, Huatai United achieved initial underwriting income of 787 million yuan, with a market share of 6.02%. Its underwriting number ranking has also dropped from the previous fourth to the sixth.

Small and medium-sized brokers Minsheng Securities, China Merchants Securities, China Everbright Securities and Dongxing Securities all rank among the top ten IPO underwriting revenues, with Dongxing Securities performing the best.

Dongxing Securities ranks only 17 in the number of IPO underwriters, but its underwriting income ranks tenth in the industry. In the first half of the year, three IPO projects underwritten by Dongxing Securities were Shenzhen Meihao Chuangyi Medical, Beijing Jiaman Clothing and Shenzhen main board enterprise Jiangxi Sunshine Dairy, raising a total of 7.285438 billion yuan.

However, there are also three brokers whose underwriting and sponsorship income is less than10 million, namely Chuancai Securities, Bank of China Securities and CDB Securities. Among them, the underwriting and sponsorship expenses of CDB securities are even less than 65,438+10,000. In the first half of the year, CDB Securities, as a joint underwriter, co-sponsored Tuojing Technology -U with China Merchants Securities. The new shares are expected to raise 2.273 billion yuan, but the actual funds raised are only 22.73 million yuan. CDB Securities only received an underwriting and sponsorship fee of 94,300 yuan.

Judging from the funds raised, according to Wind's statistics, in the first half of 2022, 5 1 securities firms raised 26010.2 billion yuan by issuing new shares, an increase of 16% over the first half of last year.

According to Wind's statistics, there were 1 1 brokerage investment banks that raised more than 5 billion yuan in the first half of this year, and 6 of them raised more than10 billion yuan. However, there are also 22 brokers whose fund-raising scale does not exceed 654.38 billion yuan. The fund-raising scale of Bohai Securities, Caitong Securities, Sino-German Securities, Southwest Securities and Chuancai Securities is only over 654.38 billion.

CITIC Securities has the strongest financing ability. In the first half of the year, CITIC Securities IPO raised a total of 65.057 billion yuan, ranking first in the industry. CITIC Jiantou followed closely with the scale of raising new shares of 4065438+64 million yuan. CICC and Haitong Securities both raised more than 20 billion yuan.

Although some brokerage investment banks underwrite a small number of new shares, individual new shares are large in scale, thus raising the overall ranking. For example, Shenzhen-Hong Kong Securities is only short of Xinghui Huancai 1 IPO ranking 15 in terms of fundraising scale. The scale of funds raised by Xinghui Huancai reached 2,694.38+0 billion yuan.

Although the number of new shares underwritten by Everbright Securities is only four, two of them raise funds on a larger scale. The funds raised by Naxinwei are 58 1. 1 billion yuan, and those raised by Chengda Pharmaceutical are 1.757 million yuan. With the blessing of these two new shares, Everbright Securities' fundraising scale ranks seventh in the industry.

Haitong Securities withdrew the most IPO projects.

In the first half of this year, the number of companies whose IPO shares have been withdrawn/terminated/suspended has increased. According to Wind's statistics, in the first half of this year, the number of new shares in the state of termination (withdrawal), suspension of voting, termination of examination, termination (failure of examination) and suspension of registration reached 167, involving a number of brokers.

Among them, Haitong Securities and CITIC Securities were the most affected, with 10 projects terminated, suspended or terminated (withdrawn) respectively.

Western Securities is more eye-catching in the number of IPO underwriting projects, but it is also the most injured. Nine projects failed to attend in the first half of the year. Among the projects at the meeting, three projects of Western Securities were not progressing smoothly. Among them, 1 provisional voting failed twice.

In terms of breakdown, among the main boards in Shanghai and Shenzhen, the number of new shares terminated in the first half of the year was 22, and the number of new shares suspended in the first half of the year was 6, and the issuance was suspended 1 only. A total of * * * involved 22 brokers.

Among them, Ping An Securities has the largest number of suspension projects, with three. Due to the fraud incident of LeTV, Ping An Securities was suspended as a sponsor for three months, and the suspension time was from June 23 to September 22, 2022. During the suspension period, the projects of Ping An Securities Investment Bank were also suspended accordingly.

In addition, two projects of CITIC Securities, China Merchants Securities, Shenwan Hongyuan, Guotai Junan and Caitong Securities each terminated the review.

Under the registration system, in the first half of this year, there were 136 projects that were either suspended, or terminated (withdrawn), terminated (failed), suspended voting and terminated registration. Haitong Securities was the most seriously injured, and its nine projects failed to be issued smoothly. Among them, 6 projects were terminated (withdrawn), 2 projects were suspended, and the registration was terminated 1 project.

There are 8 projects of western securities, a small and medium-sized brokerage, which failed to meet. Six companies were terminated (withdrawn) and two companies were terminated (failed to pass the review). CITIC Securities, Guosen Securities and Guotai Junan each failed to attend seven projects. Five projects of China Securities, CICC and IFC were affected.

Only from the termination (delisting) index, 93 new shares were terminated (delisted) in the first half of the year, and Haitong Securities was the most affected, with 6 new shares terminated (delisted), including science and technology innovation board 1, Beizheng 1 and 4 Growth Enterprise Market. The number of terminations (withdrawals) of CITIC Securities, Western Securities, Huatai United and Guo Xin Securities is 5. The number of terminated (withdrawn) projects of CITIC Jiantou, Great Wall Securities, Open Source Securities and Guo Jin Securities is 4.