After this stock issue, it is planned to be listed on the gem, which has high investment risk. GEM companies have the characteristics of large investment in innovation, uncertainty about the success of the integration of new and old industries, still in the growth period, high operation risk, unstable performance and high delisting risk. Investors are facing greater market risk. Investors should fully understand the investment risks of the gem and the risk factors disclosed by the company, and make investment decisions prudently.
Zhejiang Huashi Technology Co., Ltd
(floor 1, building 3, No. 16, Jiaqi Road, Xianlin street, Yuhang District, Hangzhou, Zhejiang)
Prospectus for initial public offering and listing on GEM
The issuance application of the company still needs to go through the corresponding procedures of Shenzhen Stock Exchange and China Securities Regulatory Commission. This Prospectus has no legal effect on the issuance of shares and is only for pre disclosure. Investors shall take the officially announced prospectus as the basis for investment decisions.
Sponsor (lead underwriter)
(unit A02, 35 / F and 28 / F, Allianz building, 4018 Jintian Road, Futian District, Shenzhen)
Statement and commitment
Any decision or opinion made by the CSRC and the exchange on this issuance does not indicate that they guarantee the authenticity, accuracy and completeness of the registration application documents and the information disclosed, nor do they indicate that they make substantive judgment or guarantee on the profitability, investment value of the issuer or the income of investors. Any statement to the contrary is a false statement.
According to the provisions of the securities law, the issuer shall be responsible for the changes in the operation and income of the issuer after the shares are issued according to law; Investors independently judge the investment value of the issuer, make investment decisions independently, and bear the investment risks caused by the changes in the operation and income of the issuer or the changes in the stock price after the shares are issued according to law. The issuer and all directors, supervisors and senior managers promise that there are no false records, misleading statements or major omissions in the prospectus and other information disclosure materials, and bear corresponding legal liabilities.
The controlling shareholder and actual controller of the issuer promise that there are no false records, misleading statements or major omissions in this prospectus, and bear corresponding legal liabilities.
The person in charge of the company, the person in charge of accounting and the person in charge of the accounting agency shall ensure that the financial and accounting materials in the prospectus are true and complete.
The issuer and all directors, supervisors, senior managers, controlling shareholders, actual controllers, sponsors and underwriting securities companies promise to compensate investors for losses in securities issuance and trading due to false records, misleading statements or major omissions in the issuer's prospectus and other information disclosure materials.
The sponsor and the securities service institution promise to compensate the investors for the losses caused to the investors due to the false records, misleading statements or major omissions in the documents prepared and issued for the issuer's public offering.
Overview of this offering
Type of shares issued: RMB ordinary shares (A shares)
The number of shares to be publicly issued this time is 1900666700, which is no less than 25% of the total share capital after the number of shares issued. This issuance is all new shares, and the original shareholders do not offer shares to the public.
The par value of each share is RMB 1.00
The issue price per share is 33.18 yuan
Expected issue date: February 23, 2022
Stock exchanges and sectors to be listed Shenzhen Stock Exchange gem
The total share capital after issuance is 76026667 shares
Sponsor (lead underwriter) Anxin Securities Co., Ltd
Signing date of prospectus: February 21, 2022
Tips on major issues
The company specially reminds investors that before making investment decisions, they must carefully read all the contents of this prospectus and pay special attention to the following important matters and risks. 1、 Important commitments made by relevant entities of this issuance
The company reminds investors to carefully read the important commitments made by the company, shareholders, directors, supervisors, senior managers, sponsors of the offering and securities service institutions, as well as the binding measures for failure to fulfill the commitments, For specific commitments, please refer to "VI. important commitments, performance and binding measures made by the issuer and its major shareholders, actual controllers, directors, supervisors, senior managers and securities service institutions" in "section 10 investor protection" of this prospectus. 2、 Risk tips
Investors are requested to carefully read all the contents of "section IV Risk Factors" in this prospectus, fully understand the risk factors disclosed by the company, make prudent investment decisions, and pay special attention to the following risk factors: (I) the risk of intensified industry competition
With the continuous dissemination of the concept of smart city, the strong support of national policies, the increasing improvement of infrastructure and the iteration of industrial technical means, the demand of China's smart city construction industry continues to expand. In the context of the rapid expansion of market scale, existing manufacturers in the industry continue to make efforts, new entrants in the industry continue to pour in, and the increase of supply further intensifies the competition situation in the industry, which will have a certain adverse impact on the company's contracting business and comprehensive pricing. If the company fails to keep pace with the development of the industry, or fails to continuously upgrade its independently developed software products in close combination with customer needs, provide comprehensive solutions for core customers and improve its self-service competitiveness, the issuer will not be able to maintain differentiated competition with competitors, lose its own advantages and face the risk of double decline in market share and operating performance. (II) concentration risk in sales area
During the reporting period, the company's operating revenue mainly came from projects in Zhejiang Province. During the reporting period, the proportion of revenue realized by the company in completing projects in Zhejiang Province was 98.75%, 86.87%, 86.48% and 80.16% respectively, which was at the risk of high concentration of sales regions. If the company fails to successfully explore the market outside the province, there will be significant adverse changes in the smart city construction environment in Zhejiang Province, and the company's operating performance will be adversely affected.
(III) operational risks resulting from the outbreak of New Coronavirus pneumonia
Since January 2020, New Coronavirus outbreak has been launched worldwide. The epidemic has had a certain impact on the progress of China's smart city project construction, and has affected the bidding progress, construction plan and personnel arrangement of the issuer project. Although the covid-19 epidemic in China has been basically effectively controlled, positive environmental tests related to imported cases and imported frozen products have occurred from time to time. At the same time, virus variation has also brought some challenges to epidemic prevention and control. At present, there are still new local cases in some cities in China, which has affected the normal economic operation of the places in stages, The daily operation of local enterprises will also be affected to varying degrees.
In the future, if the epidemic occurs in the company's main business place or main project implementation place and cannot be effectively controlled in the short term, the normal operation of the company or its customers will be affected, which may have an adverse impact on the company's future business performance. 3、 Growth risk of the issuer
During the reporting period, the company's operating revenue and net profit are shown in the following table:
Unit: 10000 yuan
Project from January to June 2021, 2020, 2019 and 2018
Operating income 20950.06 46779.44 40951.22 29037.74
Net profit 1156.73 5208.16 4491.43 2614.43
Net profit attributable to shareholders of the parent company 1216.82 5235.37 4491.43 2614.43
Net profit attributable to shareholders of 1178.80 4760.34 4279.90 2499.47 parent company after deducting non recurring profits and losses
During the reporting period, the company's operating revenue and net profit showed an upward trend. However, due to many factors affecting the company's growth, if the macroeconomic environment changes significantly or the company cannot maintain the company's competitiveness in the market competition in the future, the company will face the risk of unsustainable growth of future performance. 4、 Operating conditions between the audit base date of the financial report and the signing date of the prospectus
(I) main operating conditions after the audit deadline
1. Main business conditions of the company
The audit base date of the latest financial report of the company is June 30, 2021. From the audit deadline of the financial report to the signing date of this prospectus, the main business conditions of the company are normal and the production and operation mode has not changed; The company's management and core technical personnel have remained stable and have not had a significant adverse impact on the company's management and R & D capability; The industrial policies, tax policies and other major matters that may affect the judgment of investors in the industry in which the company is located have not changed significantly.
2. Review opinions of the reporting accountant
Tianjian certified public accountants reviewed the financial statements and notes of the company for the third and fourth quarters of 2021
Reviewed and issued the review report (TJs [2021] No. 9977) and the review report (TJs [2022] No. 48)
Report.
3. Main financial data and performance in 2021
(1) Main data of consolidated balance sheet
Unit: 10000 yuan
Change ratio of the project from December 31, 2021 to December 31, 2020 (%)
Total assets 72988.31 58683.16 24.38
Total liabilities 38544.98 30458.68 26.55
Total owner's equity 34443.34 28224.48 22.03
Including: 33761.45 27761.69 21.61 attributable to the parent company
Total owner's equity
Note: the data on December 31, 2021 are reviewed data, and the data on December 31, 2020 are audited data, the same below.
As of December 31, 2021, the company's total assets, total liabilities, total owner's equity and
The total owner's equity of the parent company is 729883100 yuan, 385449800 yuan, 344433400 yuan and
337.6145 million yuan, an increase of 24.38%, 26.55%, 22.03% and 21.61% respectively over the end of the previous year
With the expansion of the company's business scale and the increase of business accumulation, assets, liabilities and owner's equity have increased
Caused by the addition of.
(2) Main data of consolidated income statement and consolidated cash flow statement
Unit: 10000 yuan
2021-2021 project 2021-2020 annual change proportion 2021-2020 July December (%) July December 7-December change proportion (%)
Operating income 52437.01 46779.44 12.09 31486.95 31096.70 1.25
Operating profit 7153.78 6007.16 19.09 5824.25 4772.34 22.04
Total profit 7101.52 5861.92 21.15 5764.75 4634.52 24.39
Net profit 6218.86 5208.16
