Shanghai Hongying Intelligent Technology Co., Ltd
Initial public offering announcement
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
hot tip
Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as “Hongying intelligent”, “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 “measures for the administration”) Measures for the administration of initial public offering and listing (CSRC order [No. 173]) (hereinafter referred to as the “measures for the administration of initial public offering”), norms for the underwriting business of initial public offering (zsxf [2018] No. 142, hereinafter referred to as the “business norms”) Detailed rules for placement of initial public offering shares (zxsf [2018] No. 142, hereinafter referred to as “detailed rules for placement”), detailed rules for the administration of offline investors in initial public offering shares (zxsf [2018] No. 142) (hereinafter referred to as “detailed rules for the administration of investors”) Detailed rules for the implementation of online IPO in Shenzhen market (SZS [2018] No. 279) (hereinafter referred to as “detailed rules for the implementation of online IPO”) and detailed rules for the implementation of offline IPO in Shenzhen market (SZS [2020] No. 483, hereinafter referred to as “detailed rules for the implementation of offline IPO”) And other relevant regulations to organize and implement the initial public offering of shares.
This preliminary inquiry and offline issuance are conducted through the offline issuance electronic platform of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”) and the registration and settlement platform of China Securities Depository and Clearing Co., Ltd. Shenzhen Branch (hereinafter referred to as “China Clearing Shenzhen Branch”). Offline investors are requested to carefully read this announcement. Please refer to the website of Shenzhen stock exchange for details on the electronic issuance of offline shares（ http://www.szse.cn. ）The detailed rules for the implementation of offline issuance and other relevant provisions.
Investors are kindly requested to focus on the issuance process, online and offline subscription and payment, disposal of share abandonment, etc. the specific contents are as follows:
1. Investors do not need to pay subscription funds when making online and offline subscription on February 17, 2022 (t day). The offline issuance and Subscription Date and online issuance and subscription date are the same as February 17, 2022 (t day). Among them, the offline subscription time is 09:30-15:00, and the online subscription time is 09:15-11:30 and 13:00-15:00. 2. After the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “recommendation institution (lead underwriter)”) shall, according to the inquiry results after excluding invalid quotations, quote all placing objects from high to low according to the subscription price, and from small to large according to the proposed subscription quantity of placing objects at the same subscription price For the same purchase price and the same proposed purchase quantity, the order shall be from the last to the first according to the application time (subject to the time record in the offline issuance electronic platform of Shenzhen Stock Exchange). The quantity of the highest quotation in the total amount of proposed purchase shall be excluded, and the excluded amount of proposed purchase shall not be less than 10% of the total amount of proposed purchase by offline investors. When the maximum declared price is the same as the determined issue price, the Declaration on the price can no longer be excluded, and the exclusion proportion 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 on their behalf.
4. Offline investors shall, in accordance with the announcement on the preliminary placement results of offline issuance of initial public offering of shares by Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as the “announcement on the preliminary placement results of offline issuance”), pay the subscription funds for new shares in full and on time according to the finally determined issuance price and allocated quantity before 16:00 on February 21, 2022 (T + 2).
After winning the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement of online winning results of initial public offering of shares by Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as the announcement of online winning results), so as to ensure that their capital account will have sufficient new share subscription funds on February 21 (T + 2) 2022, The transfer of investors’ funds shall comply with the relevant provisions of the securities company where the investors are located.
Offline investors are allocated multiple new shares every day. Please pay for each new share separately. In the case of multiple new shares allocated on the same day, if only one total amount is remitted, the consolidated payment will lead to the failure of accounting, and the resulting consequences shall be borne by the investors themselves.
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 issuer and the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements. See “X. suspension of issuance” for specific suspension terms. 6. If the offline investors who provide effective quotation fail to participate in the subscription and the offline investors who obtain the preliminary placement 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 an online investor has won the lottery for 3 times but failed to pay in full within 12 consecutive months, it shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant’s latest declaration of abandonment of subscription. The number of times of giving up subscription shall be calculated according to the number of times of investors actually giving up subscription of new shares, depositary receipts, convertible bonds and exchangeable bonds.
7. The company is expected to operate well in 2022. It is expected that the performance in the first quarter of 2022 will increase compared with the same period in 2021. It is expected that the company’s operating revenue in the first quarter of 2022 will be 156.46 million yuan ~ 180.46 million yuan, a year-on-year change of 5.11% ~ 21.24% compared with 2021; The net profit attributable to the parent company in the same quarter of 2024-2022 was RMB 3.852 billion to RMB 4.452 billion, representing a year-on-year change of 3.852 billion to RMB 4.452 billion, after deducting a year-on-year change of 3.852 billion to RMB 4.452 billion from the net profit attributable to the parent company in the same quarter of 2024.
Investors are hereby reminded to pay attention to the risk of performance fluctuation of the issuer, quote prudently and participate in decision-making rationally.
Valuation and investment risk tips
The investment of new shares has great market risks. Investors need to fully understand the investment risks of new shares, carefully study the risks disclosed in the issuer’s prospectus, fully consider the following risk factors, and prudently participate in the valuation, quotation and investment of this new share issuance:
1. According to the industry classification guidelines for listed companies (revised in 2012) issued by China Securities Regulatory Commission, Hongying intelligent belongs to instrument manufacturing industry (classification code: C40).
Please refer to the average p / E ratio of the industry when the company makes decision. If the P / E ratio of this offering is higher than the industry average p / E ratio, there is a risk that the issuer’s valuation level will return to the industry average p / E ratio in the future and the decline of share price will bring losses to new share investors.
2. Investors need to fully understand the relevant laws and regulations on the issuance of new shares, carefully read the contents of this announcement, know the pricing principles and placement principles of this issuance, ensure that they are not prohibited from participating in offline inquiry before submitting the quotation, and ensure that their subscription quantity and future shareholding comply with the relevant laws and regulations and the provisions of the competent authorities. Once the investor submits the quotation, the sponsor (lead underwriter) shall be deemed as the investor’s commitment: the investor’s participation in this quotation complies with the provisions of laws and regulations and this announcement, and all violations and corresponding consequences arising therefrom shall be borne by the investor.
Important tips
1. The application of Shanghai Hongying Intelligent Technology Co., Ltd. for the initial public offering of no more than 18.36 million RMB common shares (hereinafter referred to as “this offering”) has been approved by the CSRC’s CSRC license [2022] No. 200. The sponsor (lead underwriter) of this offering is Citic Securities Company Limited(600030) . The issuer’s stock is abbreviated as “Hongying intelligent” and its stock code is “001266”. This code is also applicable to the preliminary inquiry, offline subscription and online subscription of this issuance.
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 the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen 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. The initial inquiry and offline issuance of this issuance shall be organized and implemented by the sponsor (lead underwriter) through the offline issuance electronic platform of Shenzhen Stock Exchange; Online issuance is implemented through the trading system of Shenzhen Stock Exchange.
Qualified offline investors are invited to participate in the preliminary inquiry and offline subscription of this offering through the offline issuance electronic platform of Shenzhen Stock Exchange. The time of quotation and inquiry through the offline issuance electronic platform is 09:30-15:00 every trading day during the period of preliminary inquiry and offline subscription. Please refer to the website of Shenzhen stock exchange for relevant operation measures of offline issuance electronic platform（ http://www.szse.cn. ）The relevant provisions of the published detailed rules for the implementation of offline issuance. 3. This public offering of shares does not exceed 18.36 million shares, all of which are public offerings of new shares, and the transfer of old shares is not arranged. The total share capital of the company after this public offering does not exceed 73.44 million shares, and the number of shares issued this public offering accounts for 25.00% of the total share capital of the company after this public offering. The initial number of offline shares issued this time is 11.016 million, accounting for 60.00% of the total issued this time; The initial number of shares issued online was 7.344 million, accounting for 40.00% of the total issued this time.
4. This issue does not arrange offline live roadshow promotion. The issuer and the recommendation institution (lead underwriter) will organize and arrange the online roadshow of this offering on February 16, 2022 (t-1). For specific information about the online roadshow, please refer to the online roadshow announcement on the initial public offering of shares by Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as “online roadshow announcement”) published on February 15, 2022 (T-2).
5. The term “offline investors” as mentioned in this announcement refers to individual investors and institutional investors participating in offline issuance. The “placing object” mentioned in this announcement refers to the investors participating in the offline issuance or the securities investment assets under their management
Products. Offline investors shall complete the registration of placing objects in the China Securities Association before 12:00 noon on the trading day before the initial inquiry start date (i.e. February 10, 2022 (T-5). Only investors who meet the offline investor standard requirements of “II. Qualification conditions and verification procedures of offline investors” in this announcement can participate in this preliminary inquiry. Those who fail to meet the relevant standards and participate in this preliminary inquiry shall bear all the consequences caused by this behavior. The sponsor (lead underwriter) will set it invalid on the offline issuance electronic platform of Shenzhen Stock Exchange, and disclose the relevant information in the announcement on the issuance of initial public offering of Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as the “issuance announcement”).
Investors are reminded that the recommendation institution (lead underwriter) will check whether there are prohibitions for offline investors before preliminary inquiry and placement, and require offline investors to provide qualified commitment letters and supporting materials. If the underwriter refuses to cooperate with the underwriter or refuses to cooperate with the underwriter (if the underwriter refuses to cooperate with the underwriter) in the initial placement, it shall be excluded.
6. The initial inquiry time of this offering is 09:30-15:00 on February 11, 2022 (T-4). Offline investors shall fill in and submit information such as the declared price and the quantity to be declared for the placing objects managed by them through the offline issuance electronic platform of Shenzhen Stock Exchange within the above time.
7. The quotation of offline investors and their managed placing objects shall include the price per share and the number of shares to be purchased corresponding to the price, and there can only be one quotation. Each offline investor can only declare one price. Non individual investors shall quote on the basis of institutions, and the quotations of different placing objects managed by the same institution shall be the same. Considering the initial offline issuance quantity in the initial inquiry stage of this offering and the valuation of the issuer by the sponsor (lead underwriter), the sponsor (lead underwriter) sets the minimum proposed subscription quantity of each placement object managed by offline investors as 1 million shares and the minimum change unit of the proposed subscription quantity as 100000 shares, That is, the part of each placing object managed by offline investors whose proposed subscription quantity exceeds 1 million shares must be an integral multiple of 100000 shares, and the proposed subscription quantity of each placing object shall not exceed 3 million shares. The minimum change unit of the declared price of the placing object is 0.01 yuan.
8. After the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) shall, according to the inquiry results after excluding the invalid quotation, quote all the placing objects from high to low according to the subscription price, and from small to large according to the proposed subscription quantity of the placing objects at the same subscription price For the same purchase price and the same proposed purchase quantity, the order shall be from the last to the first according to the application time (subject to the time record in the offline issuance electronic platform of Shenzhen Stock Exchange). The quantity of the highest quotation in the total amount of proposed purchase shall be excluded, and the excluded amount of proposed purchase shall not be less than 10% of the total amount of proposed purchase by offline investors. When the maximum declared price is the same as the determined issue price, the Declaration on the price can no longer be excluded, and the exclusion proportion can be less than 10%. The excluded part shall not participate in offline subscription.
9. After excluding the above-mentioned maximum quotation, the issuer and the recommendation institution (lead underwriter) shall negotiate and determine the issuance price, the number of investors with effective quotation and the number of effective proposed subscriptions, taking into account the remaining quotation and the number of proposed subscriptions, the industry, comparable companies, market conditions, the demand for raised funds and underwriting risks. The number of effective offline investors determined by the issuer and the recommendation institution (lead underwriter) in accordance with the above principles shall not be less than 10. Effective quotation refers to the quotation in which the subscription price is not lower than the issuance price in the remaining quotation after excluding the highest quotation and meets other conditions determined and announced in advance by the issuer and the recommendation institution (lead underwriter).
10. Allocation of valid quotation submitted during preliminary inquiry
