Since 2010 New shares High price, high price earnings ratio, high proportion of the "three high" issue, many stocks went on the long bear market after listing. As of May 12th, the closing price of all 237 stocks in A shares was below the issue price. These ones here shares Most of them have been listed since 2010, and small and medium sized board and gem stock account for the majority.

The 237 are still there. Break In the stock market, 205 stocks went public after January 1, 2010, close to 90%. 197 came from small and medium sized boards or gem, accounting for 84.5%. It is worth noting that the Shanghai and Shenzhen two cities listed in January 1, 2010 after a total of 473 stocks, that is to say, from 2010, each listing of 10 stocks, there are at least 4 stocks in a break state.

In terms of stocks, there are 58 stocks with more than 20% breaking points, including the famous PetroChina. The biggest breakage is Hai Rui, whose current price is half of its selling price. In addition, stocks with larger breakages include Netac technology, Ningbo GQY and China Merchants Securities. At present, the share price has dropped by 42.35%, 41.15% and 40.06% respectively.

Market participants pointed out that the "three high" issue is the main reason why these stocks are in the mire. Statistics show that the average share price of the above breakage shares is close to 60 times, and the proportion of the total stock raising is 146.36%. After a long adjustment, the average price earnings ratio of these stocks has returned to around 42 times.