Pangda Automobile Trade Group Co., Ltd. finally determined the issue price as 45 yuan per share, and the corresponding price-earnings ratio was 39.64 times, which was lower than the average issue price-earnings ratio of the main board of 20 1 1 year by 60. 19 times.

The huge group's new shares listed on the Shanghai Stock Exchange broke the record on the first day, with a drop of 23. 16%, which was 10.42 yuan lower than the issue price of 45 yuan.