The average P/E ratio of four new shares is nearly 60 times times

December, the average annual earnings of new shares issued the highest monthly Zhou Xiaoyun today, the SME market will usher in four new shares. According to the data, the average P/E of new shares issued in December reached 74.3 times times the monthly maximum.　　Although there has been a period of reform since the second round of the IPO on November 1, the issue of "three high" issues seems to remain serious. Although nearing the end of the year, the pace of new offerings has not slowed. This week a total of 7 new offerings, covering the motherboard, gem and small and medium-sized board, is expected to reach the financing scale of 7 billion yuan.　　With the flower shun financial data terminal statistics show that the December issue of the IPO average earnings ratio reached the highest monthly, up to 74.3 times times. The four listings today include Jiangsu's broad-minded (002516.SZ), Thai shares (002517.SZ), Crestec (002518.SZ) and Galaxy Electronics (002519.SZ). The issue price is 20.1 yuan, 20 yuan, 32.5 yuan and 36.8 yuan respectively, the issuance of P/E is 59.12 times times, 66.67 times times, 62.5 times times and 41.35 times times respectively.　　The average P/e ratio is 57.41 times times higher than the average in the second half of this year.　　In addition, the problem is still more serious, wind information data statistics show that the new issue two reform, the average of the new shares of the fund about 655 million yuan, compared to the second half of the issue of the new shares of the average amount of money in excess of about 80 million yuan, the increase is not reduced. And from the recent IPO debut performance, "stir-fry" phenomenon is still serious.　　Yesterday in the main board listing Dalian Port (601880.SH) debut as an example, its midday after the rapid pull high, 37.89%, reported 5.24 Yuan, the whole day fluctuation range 4.55~5.50 yuan, higher than the market 3.8~4.8 yuan of the initial position expected, the turnover rate as high as 89.75%. But after the first day of inflation, it is often difficult to escape the slump. The Friday listing of four new shares Bao Xin Technology (002514.SZ), Gold ham (002515.SZ), Dahua Intelligence (002512.SZ) and Blue Fung Biochemical (002513.SZ) yesterday all lower, led a shares.　　The Golden Ham and Dahua intelligence fell off, Bao Xin technology and the blue abundant biochemistry also fell 8.79% and 5.47% respectively. Analysts believe that the most important reason for the new shares tumbled because of the first day of the surge overdraft performance, high valuations so that the rising space is clearly limited. From the present point of view, although the reform of IPO has entered the second stage, and has been implemented for some time, but from the current effect, the reform still failed to effectively restrain the phenomenon of "three high" and the stock market after the collapse, "the policy of fine-tuning" can not solve the real problem, the reform of the IPO system needs further deepening "The first financial daily" annual subscription price of 360 yuan