Hefu (China) Medical Technology Co., Ltd
IPO announcement
Sponsor (lead underwriter): Haitong Securities Company Limited(600837)
hot tip
Hefu (China) Medical Technology Co., Ltd. (hereinafter referred to as "Hefu China", "issuer" or "company") in accordance with the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as the "administrative measures") of China Securities Regulatory Commission (hereinafter referred to as "CSRC") Measures for the administration of initial public offering and listing (CSRC order [No. 173]) and other relevant regulations, China Securities Association (hereinafter referred to as the "Securities Association"), specifications for underwriting business of initial public offering of shares (zsxf [2018] No. 142), rules for placement of initial public offering of shares (zsxf [2018] No. 142) Relevant provisions such as the detailed rules for the administration of offline investors in initial public offering (zsxf [2018] No. 142), and the detailed rules for the implementation of online issuance of initial public offering in Shanghai market (SZF [2018] No. 40) of Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") The detailed rules for the implementation of offline issuance of initial public offerings in Shanghai market (SZF [2018] No. 41) organize the implementation of initial public offerings in accordance with the relevant business rules of China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as "China Clearing Shanghai Branch").
The initial inquiry and offline issuance of the issued shares are conducted through the offline subscription electronic platform of Shanghai Stock Exchange (hereinafter referred to as the "subscription platform") and the registration and settlement platform of China Clearing Shanghai Branch. Offline investors are requested to carefully read this announcement. For details on the electronic issuance of offline shares, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) Relevant provisions such as the detailed rules for the implementation of offline issuance of initial public offering in Shanghai market.
Please pay attention to the issuance process, online and offline subscription, payment, suspension of issuance and other links of this issuance. The main contents are as follows:
1. According to the preliminary inquiry results, the issuer and the recommendation institution (lead underwriter) Haitong Securities Company Limited(600837) (hereinafter referred to as " Haitong Securities Company Limited(600837) " and "recommendation institution (lead underwriter)") negotiated and determined that the offering price is 4.19 yuan / share, taking into account the issuer's fundamentals, market conditions, the valuation level of Listed Companies in the same industry, the demand for raised funds and underwriting risks, Offline issuance will no longer conduct cumulative bidding inquiry.
Investors are requested to make online and offline subscription at this price on February 7, 2022 (t day), and there is no need to pay the subscription fund at the time of subscription. The offline issuance and Subscription Date and the online subscription date are the same as February 7, 2022 (t day). Among them, the offline subscription time is 9:30-15:00, and the online subscription time is 9:30-11:30 and 13:00-15:00.
2. After the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) shall rank the application price from high to low according to the preliminary inquiry results, and calculate the cumulative total amount of proposed subscription corresponding to each price. After that, the part with the highest quotation in the total amount of proposed subscription shall be excluded, and the excluded part shall not be less than 10% of the total amount of proposed subscription of all offline investors, Then, the issue price shall be determined through negotiation according to the remaining quotation and the proposed purchase quantity. If the cumulative total amount of proposed purchase corresponding to the lowest price of the excluded part is greater than the quantity to be eliminated, the subscription of this price will be eliminated in order of the quantity to be purchased from the least to the most. If the subscription price and the quantity to be purchased are the same, they will be eliminated in order of the application time from the late to the early (the application time shall be subject to the records in the offline subscription platform of Shanghai Stock Exchange), Until the quantity to be rejected meets the requirements of the quantity to be rejected. When the maximum subscription price is the same as the determined issuance price, the subscription of this price can no longer be excluded, and the exclusion ratio can be less than 10%. The excluded part shall not participate in offline subscription.
3. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares.
4. Offline investors shall, according to the announcement of offline preliminary placement results and online winning results of initial public offering of shares by Hefu (China) Medical Technology Co., Ltd. (hereinafter referred to as the announcement of offline preliminary placement results and online winning results), according to the finally determined issuance price and allocated quantity before 16:00 on February 9 (T + 2) 2022, Pay the subscription funds for new shares in full and on time.
After the online investors win the subscription of new shares, they shall fulfill the obligation of capital settlement according to the announcement of offline preliminary placement results and online winning results, so as to ensure that their capital account will have sufficient new share subscription funds on February 9 (T + 2) 2022. The transfer of investors' funds shall comply with the relevant provisions of the securities company where the investors are located. The shares that offline and online investors give up to subscribe for are underwritten by the sponsor (lead underwriter).
5. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings, the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
6. If the offline investors with valid quotation fail to participate in the subscription or the offline allocated investors fail to pay the subscription amount in time and in full, it will be deemed as a breach of contract and shall bear the liability for breach of contract. The recommendation institution (lead underwriter) shall report the breach of contract to the China Securities Association for the record.
If online investors fail to pay in full after winning the lottery three times in a row within 12 months, they shall not participate in the subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months.
7. The issuer and the recommendation institution (lead underwriter) solemnly remind investors to pay attention to investment risks and invest rationally, and carefully read this announcement and the special announcement on investment risks published in China Securities News, Shanghai Securities News, securities times and Securities Daily on January 7, 2022, January 14, 2022 and January 21, 2022.
Important tips
1. The application of Hefu (China) Medical Technology Co., Ltd. for the initial public offering of 99.5132 million RMB common shares (A shares) (hereinafter referred to as "this offering") has been approved by the CSRC in Document No. [2021] 4074. The sponsor (lead underwriter) of this offering is Haitong Securities Company Limited(600837) . The stock of Hefu (China) Medical Technology Co., Ltd. is abbreviated as "Hefu China", with the stock code of "603122", which is also used for the preliminary inquiry and offline subscription of this offering; Online subscription is abbreviated as "Hefu subscription", and the online subscription code is "732122".
According to the industry classification guidelines of listed companies (revised in 2012) issued by the CSRC, the industry of the issuer is "wholesale industry" (classification code: F51). China Securities Index Co., Ltd. has released the industry average p / E ratio. Please refer to it when making decisions.
2. This offering is conducted through a combination of offline inquiry and placement to qualified investors (hereinafter referred to as "offline issuance") and online pricing issuance to social public investors holding non restricted A-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as "online issuance"). The issuer and the recommendation institution (lead underwriter) will directly determine the issuance price through offline preliminary inquiry, and offline cumulative bidding will not be conducted. The issuer negotiated with the sponsor (lead underwriter) to determine the number of shares to be issued this time: 99.5132 million shares. Before the callback mechanism was launched, the initial number of shares to be issued offline was 59.7082 million shares, accounting for 60% of the total number of shares to be issued this time. The initial number of shares to be issued online was 39.805 million shares, accounting for 40% of the total number of shares to be issued this time.
Hefu (China) Medical Technology Co., Ltd. issued its IPO shares offline through the subscription platform of Shanghai Stock Exchange. The website of the subscription platform is: https://ipo.uap.sse.com.cn./ipo , please carefully read this announcement and the detailed rules for the implementation of offline issuance by investors participating in offline subscription and their managed placing objects. The online issuance is conducted through the trading system of Shanghai Stock Exchange and by means of market value subscription. Investors participating in online subscription should carefully read this announcement and the detailed rules for the implementation of online issuance.
The issuer and the recommendation institution (lead underwriter) solemnly remind investors to pay attention to investment risks and invest rationally, and carefully read this announcement and the special announcement on investment risks published in China Securities News, Shanghai Securities News, securities times and Securities Daily on January 7, 2022, January 14, 2022 and January 21, 2022.
3. The preliminary inquiry for this offering was completed on January 4, 2022. The issue price is 4.19 yuan / share. The price earnings ratio corresponding to this price is:
(1) 22.99 times (earnings per share is calculated by dividing the lower of 2020 net profit before and after deducting non recurring profits and losses audited by an accounting firm in accordance with Chinese accounting standards by the total share capital after this issuance);
(2) 17.24 times (earnings per share is calculated by dividing the lower of 2020 net profit before and after deducting non recurring profits and losses audited by an accounting firm in accordance with Chinese accounting standards by the total share capital before this issuance).
If the issuance is successful, the total amount of funds raised by the issuer is expected to be 416.960308 million yuan. After deducting the issuance expenses of 57.26931459 million yuan, the net amount of funds raised is expected to be 359.699341 million yuan, which does not exceed the investment amount of 359.69099341 million yuan that the issuer intends to use for the project disclosed in the prospectus.
4. Any placing object can only choose offline or online subscription.
(1) Offline subscription
The placing objects shortlisted in the preliminary inquiry stage must participate in the offline subscription of this offering. For the list of placing objects that submit valid quotations, see "attached table: preliminary inquiry and quotation of placing objects". The placing object who fails to submit a valid quotation shall not participate in the offline subscription. When participating in offline subscription, investors do not need to pay subscription funds. The subscription price is the determined issuance price, and the subscription quantity must be the shortlisted subscription quantity reported in the preliminary inquiry. All placing objects participating in the preliminary inquiry and quotation, whether or not they are "effective quotation", shall not participate in this online subscription. If they participate in offline and online subscription at the same time, the online subscription part is invalid.
The placing object shall abide by relevant laws and regulations and relevant provisions of the CSRC in terms of subscription and shareholding, and bear corresponding legal liabilities by itself. If the offline investors participating in the offline subscription fail to provide materials as required, the recommendation institution (lead underwriter) has the right to refuse the placement or consider the subscription invalid. The relevant information of the placing object managed by the offline investors (including the full name of the placing object, the name of the securities account (Shanghai), the securities account number (Shanghai) and the bank collection and payment account, etc.) shall be subject to the information registered and filed with the China Securities Association. The offline investors shall be responsible for the consequences caused by the inconsistency between the information of the placing object and the filed information.
The recommendation institution (lead underwriter) will further check whether there are prohibitions for the investors with valid quotation and the managed placing objects before the placement, Investors shall cooperate accordingly according to the requirements of the sponsor (lead underwriter) (including but not limited to providing industrial and commercial registration materials such as the articles of association, arranging interviews with the actual controller, truthfully providing the list of main social relations of relevant natural persons, cooperating with the investigation of other related relationships, etc.). If they refuse to cooperate or the materials provided are insufficient to exclude the above prohibited situations, The recommendation institution (lead underwriter) will be excluded from placing.
(2) Online subscription
Investors who open securities accounts in CSDCC Shanghai branch before February 7, 2022 and hold non restricted A-Shares and non restricted depositary receipts in Shanghai market for 20 trading days (including T-2) before January 27, 2022 can apply for the shares issued online through the trading system of Shanghai Stock Exchange. The market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market is not included in the calculation. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares on their behalf.
Investors shall determine their online subscription limit according to the market value of non restricted A-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as "market value"). According to the daily average holding market value of investors in the 20 trading days (including T-2 days) before January 27, 2022 (T-2 days), if the opening time of securities account is less than 20 trading days, the daily average holding market value shall be calculated according to 20 trading days. Investors with a market value of more than 10000 yuan (including 10000 yuan) can participate in the subscription of new shares, and one subscription unit can be subscribed for every 10000 yuan market value, The part less than 10000 yuan is not included in the subscription quota. Each subscription unit is 1000 shares, and the subscription quantity shall be 1000 shares or an integral multiple thereof, but the maximum subscription quantity shall not exceed one thousandth of the number of shares issued online, that is, 39000 shares.
During the subscription period, the investor shall fill in the entrustment form at the issue price by means of entrustment to buy shares. Once declared, the order shall not be cancelled.
Investors can only use one securities account to participate in the subscription of online public offering shares. If the same investor uses multiple securities accounts to participate in the subscription of the same new share, or if the investor uses the same securities account to participate in the subscription of the same new share for many times, the first subscription of the investor shall be valid, and the other subscriptions shall be invalid. If an investor holds multiple securities accounts, the market value of multiple securities accounts shall be calculated jointly. The principle of confirming that multiple securities accounts are held by the same investor is that the "account holder name" and "valid identity document number" in the securities account registration data are the same. The registration data of securities account shall be subject to the end of T-2 day.
The market value of the credit securities account of the margin trading customer is calculated into the market value held by the investor, and the market value of the refinancing guarantee securities detailed account of the securities company is calculated into the market value held by the securities company.
(3) Subscription contribution
Before 16:00 on February 9, 2022 (T + 2), offline investors shall, according to the preliminary allocation quantity disclosed in the announcement of offline preliminary placement results and online winning results multiplied by the determined issuance price, pay the subscription fund of new shares in full for the allocated objects.
After winning the lottery for the subscription of new shares by online investors, they shall be based on the offline preliminary placement results announced on February 9, 2022 (T + 2)
