Shanghai Hongying Intelligent Technology Co., Ltd
IPO 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), the measures for the administration of initial public offering and listing (CSRC Order No. 173) Code for underwriting business of initial public offering (zxsf [2018] No. 142), detailed rules for placement of initial public offering (zxsf [2018] No. 142), detailed rules for the administration of offline investors in initial public offering (zxsf [2018] No. 142) 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.
The offline issuance of Hongying intelligent IPO shares is conducted through the offline issuance electronic platform of Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange"). Please refer to the website of Shenzhen Stock Exchange (www.szse. CN.) for details of electronic offline issuance The detailed rules for the implementation of offline issuance and other relevant provisions. This online issuance is conducted through the trading system of Shenzhen Stock Exchange. Online investors are requested to carefully read this announcement and the detailed rules for the implementation of online issuance published by Shenzhen Stock Exchange.
1. 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) According to the preliminary inquiry results, 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)") negotiated and determined the issue price of 38.61 yuan / share by comprehensively considering the remaining quotation, the number of proposed subscriptions, the industry, comparable companies, market conditions, the demand for raised funds and underwriting risks.
Investors are requested to make online and offline subscription at this price on February 17, 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 online 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 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 with 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), according to the finally determined issuance price and preliminary placement quantity before 16:00 on February 21 (T + 2) 2022, Pay the subscription funds for new shares in full and on time.
After winning the subscription of new shares, online investors shall fulfill the obligation of capital payment 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 capital for subscription of new shares on February 21 (T + 2) 2022, The investor's fund transfer shall comply with the relevant provisions of the securities company where the investor is located.
Offline investors, like the same placing object, are allocated multiple new shares on the same day. They must pay for each new share in full and fill in the remarks in accordance with the specifications. If the placing object has insufficient funds for a single new share, all the new shares allocated to the placing object on that day will be invalid, and the resulting consequences shall be borne by the investors themselves.
Offline and online investors give up the subscription of some shares and the invalid shares of China Securities Depository and Clearing Co., Ltd. Shenzhen Branch (hereinafter referred to as "CSDCC Shenzhen Branch") shall be 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.
(6) If the offline investors with valid quotation fail to participate in the subscription or obtain the preliminary placement, and the offline 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 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.
2. The issuer and the recommendation institution (lead underwriter) solemnly remind the majority of investors to pay attention to investment risks and make rational investment, and carefully read the information published in China Securities Journal, Shanghai Securities News, securities times, Securities Daily, economic reference network and cninfo (www.cn. Info. Com. CN) on February 16, 2022 (t-1) Shanghai Hongying Intelligent Technology Co., Ltd. fully understood the market risks and prudently participated in the IPO.
Valuation and investment risk tips
1. According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of the issuer is instrument manufacturing industry (classification code: C40). The static average p / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. is 36.87 times (as of February 11, T-4, 2022). Please refer to it when making decisions. The issuance price of 38.61 yuan / share corresponds to the audited net profit attributable to the shareholders of the parent company in 2021, which is lower before and after deducting non recurring profits and losses. The diluted P / E ratio is 22.99 times, which is lower than the static average p / E ratio of the industry in the latest month issued by China Securities Index Co., Ltd., but there is still a risk that the decline of the issuer's share price will bring losses to investors in the future.
The issuer and the recommendation institution (lead underwriter) remind investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment decisions rationally.
2. According to the preliminary inquiry results, after negotiation between the issuer and the sponsor (lead underwriter), 18.36 million new shares will be issued in this public offering, and there will be no transfer of old shares in this offering. Based on the offering price of 38.61 yuan / share, the issuer expects to raise 708.8796 million yuan. After deducting 103.5661 million yuan of issuance expenses, the net amount of raised funds is expected to be 605.3135 million yuan. There is a risk that the net asset scale will increase significantly due to the acquisition of raised funds, which will have an important impact on the issuer's production and operation mode, operation management and risk control ability, financial status, profitability and long-term interests of shareholders.
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 stock of Shanghai Hongying Intelligent Technology Co., Ltd. is abbreviated as "Hongying intelligent" and the stock code is "001266". The abbreviation and code are used for online and offline subscription of this issuance at the same time. The shares issued this time are planned to be listed on the main board of Shenzhen Stock Exchange.
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-share 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 preliminary inquiry and offline issuance shall be organized and implemented by the sponsor (lead underwriter) through the offline issuance electronic platform of Shenzhen Stock Exchange, and the online issuance shall be carried out through the trading system of Shenzhen Stock Exchange.
3. The issuer negotiated with the recommendation institution (lead underwriter) and determined that the number of shares issued this time is 18.36 million. This issuance is all new shares, and there is no transfer of old shares. Before the launch of the callback mechanism, the initial number of offline shares issued was 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. The preliminary inquiry for this offering was completed on February 11, 2022. According to the quotation of offline investors, the issuer and the recommendation institution (lead underwriter) rank the subscription price from high to low, calculate the cumulative total amount of proposed subscription corresponding to each price, eliminate the part with the highest quotation in the total amount of proposed subscription (the excluded part is 2.07% of the total amount of proposed subscription of all offline investors), and comprehensively consider the remaining quotation and the number of proposed subscription Based on the industry, comparable companies, market conditions, demand for raised funds, underwriting risk and other factors, the issuance price is determined to be 38.61 yuan / share. At the same time, determine the list of offline investors who can participate in offline subscription and the number of effective subscription. The price earnings ratio corresponding to this price is:
(1) 22.99 times (earnings per share is calculated by dividing the lower of 2021 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 2021 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).
5. If the issuance is successful, the total amount of funds raised by the issuer is expected to be 708.8796 million yuan. After deducting the issuance expenses of 103.5661 million yuan, the net amount of funds raised is expected to be 605.3135 million yuan. The use plan of the issuer's raised funds and other relevant information were disclosed in the prospectus for the initial public offering of A-Shares by Shanghai Hongying Intelligent Technology Co., Ltd. on February 16, 2022. The full text of the prospectus can be found on http://www.cn.info.com.cn Query.
6. The offline and online subscription date of this offering is February 17, 2022 (t day). Any placing object can only choose offline or online subscription.
(1) Offline subscription
The offline subscription time of this offering is 09:30-15:00 on February 17, 2022 (t day). The offline subscription is referred to as "Hongying intelligent" for short, and the subscription code is "001266". Only those placing objects who have submitted valid quotations during preliminary inquiry can and must participate in offline subscription. See the attached table of this announcement for the list of placing objects that submit valid quotations. The placing object who fails to submit a valid quotation shall not participate in the offline subscription.
When participating in offline subscription, offline investors must enter the subscription record for the effective quotation placement object managed by them on the offline issuance electronic platform. The subscription price in the subscription record is the issuance price of 38.61 yuan / share, and the number of subscriptions shall be the effective number of proposed subscriptions declared during their preliminary inquiry. When participating in offline subscription, investors do not need to pay subscription funds. All placing objects participating in the preliminary inquiry and quotation, whether or not they are "effective quotation", shall not participate in the online subscription of this issuance. 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. The relevant information of the placing object managed by offline investors (including the full name of the placing object, the name of the securities account (Shenzhen), the securities account number (Shenzhen) and the bank collection and payment account, etc.) shall be subject to the information registered 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 registration 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 refuse to make a placement to it.
(2) Online subscription
The online subscription time of this offering is: 09:15-11:30 and 13:00-15:00 on February 17, 2022 (t day). Open a securities account at CSDCC Shenzhen Branch before February 17, 2022 In addition, investors who hold a certain market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market every 20 trading days (including T-2) before February 15, 2022 (except those prohibited by the laws and regulations of the people's Republic of China and other regulatory requirements to be observed by the issuer) can apply for the shares issued online through the trading system of Shenzhen Stock Exchange. 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 quota according to the market value of non restricted A-share shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as "market value"). Available online
