The first IPO in the year of the tiger was rejected!
On February 18, the Shenzhen stock exchange held the 7th Meeting of the GEM Listing Committee in 2022 and decided to terminate the examination of the IPO of Asia Fishing Port Co., Ltd. (hereinafter referred to as Asia fishing port) and its listing on the gem. So far, Asian fishing port has also become the first company whose IPO has been rejected in the year of the tiger.
Although the IPO has been rejected, which means that Asian fishing ports have added variables after years of listing, it seems that Asian fishing ports have not given up.
"Asian fishing ports have experienced eight years from entering the capital market to counseling, applying for IPO, supervision and multiple rounds of inquiry and feedback. The development of the company will not stop. I hope to have the opportunity to enter the A-share market again in the future." On February 21, Xia Shanshan, Secretary of the board of directors of Asian fishing port, accepted the securities times. E company reporter said in an interview.
New Hope Liuhe Co.Ltd(000876) list of investors
According to the prospectus of Asian fishing port, the number of shares to be issued is no more than 33.49 million, accounting for no less than 25% of the company's total share capital after issuance, and the total share capital after issuance is no more than 134 million. The company's listing sponsor is Guosen Securities Co.Ltd(002736) .
As a supplier and service provider of fresh catering materials, the company's main products and services are divided into raw and fresh food products of deep-processing products and primary processing products, as well as warehousing and logistics services. The raised funds are mainly used for Asian fishing port central cold chain processing project and Asian fishing port Qiangbao supply chain project.
It is worth noting that covid-19 epidemic has an adverse impact on the production and operation of Asian fishing ports. Two short-term epidemics occurred in Dalian in July 2020 and December 2020, which had a negative impact on the business activities of Asian fishing ports. Affected by the epidemic factors, the annual operating revenue of Asian fishing ports in 2020 decreased by 25.48% and the net profit decreased by 33.39%. Among them, the revenue of deep-processing products business decreased by 23.73%, and the revenue of primary processing products business decreased by 45.92%. From January to June 2021, with the recovery of the downstream catering market, the operating revenue of Asian fishing ports increased by 45.07% and the net profit increased by 70.61% year-on-year.
In November 2021, the epidemic occurred again in Dalian. The units importing cold chain food, including cold storage and related food production and sales units, suspended business, the self owned factories of Asian fishing port, Asian fishing food and Zhonglian food suspended production and operation, and the main agent factories in Dalian of Asian fishing port, Dalian Xingqiang and haixiuxian suspended production and operation. Since the fourth quarter is the peak season of the industry, The epidemic had a negative impact on the operating performance of Asian fishing ports in 2021.
"Asian fishing ports are light on assets, the characteristics of efficient business model and the wide application of Internet technology enable us to flexibly allocate resources and better reflect the high synergy between factories and warehouses in case of short-term epidemic in some areas." Xia Shanshan said, "in addition, the establishment of national logistics nodes in 12 cities such as Beijing and Tianjin supports the company to quickly adjust its strategy and flexibly allocate production and warehousing logistics orders to areas where there is no epidemic, so as to ensure the company's performance ability to the greatest extent."
From the top ten shareholders of Asian fishing ports, the shareholding ratio of New Hope Liuhe Co.Ltd(000876) investment department, the fourth largest shareholder, is 6.42%, and that of Houyi investment, the third largest shareholder, is 7.47%. In addition, Tianjin Zhongmei, the second largest shareholder holding 9.96% of the shares of Asian fishing port, and Longzhu investment, the fifth largest shareholder holding 4.98%, both have meituan background after penetration.
IPO of Asian fishing port rejected
It is understood that as early as July 10, 2020, the Shenzhen stock exchange accepted the application documents submitted by Asian fishing ports for IPO and listing on the gem. After several rounds of inquiry and feedback, the meeting was officially held on February 18, 2022.
On February 18, 2022, the Shenzhen stock exchange held the 7th Meeting of the GEM Listing Committee in 2022 and decided to terminate the examination of the IPO of Asia Fishing Port Co., Ltd. (hereinafter referred to as Asia fishing port) and its listing on the gem.
In the audit on February 18, the GEM Listing audit center of Shenzhen Stock Exchange focused on the innovation, creativity and creative characteristics of Asian fishing ports, whether their business has growth, R & D investment, R & D transformation ability and innovation ability of Asian fishing ports, and whether Asian fishing ports meet the gem positioning of synthetic long-term innovative and entrepreneurial enterprises; The effectiveness of internal control, the standardization of accounting basis and the adequacy of information disclosure in Asian fishing ports. In combination with the on-site supervision, pay attention to the rationality of the business model of subsidiaries and relevant capital transactions, the integrity and accuracy of procurement costs from major agent factories, the effectiveness of relevant internal control, the standardization of basic accounting work and the sufficiency of information disclosure.
The municipal Party committee meeting on the gem of Shenzhen Stock Exchange considered that the Asian fishing port failed to fully explain its characteristics of "three innovations and four innovations" and whether it meets the requirements of the gem positioning of growing innovative and entrepreneurial enterprises; Failure to fully explain whether the internal control system related to the management of important subsidiaries and the procurement of main agent factories has been effectively implemented; In the process of business development, relevant original vouchers are not completely obtained and saved, and the basic accounting work is not standardized. Asian fishing ports do not comply with the relevant provisions of the measures for the administration of the registration of initial public offerings on the gem (for Trial Implementation).
According to relevant regulations, in combination with the review opinions of the GEM Listing Committee that Asian fishing ports do not meet the issuance conditions, listing conditions or information disclosure requirements, the Shenzhen Stock Exchange decided to terminate the review of the application of Asian fishing ports for IPO and listing on the gem.
may seek listing again
Some market analysts believe that after on-site supervision and three rounds of feedback, Asian fishing ports still failed to break through. On the one hand, it can be seen that after entering 2022, the audit rhythm of gem is still relatively strict; On the other hand, under the dual challenges of covid-19 epidemic and consumption upgrading, the market prospect of fresh catering ingredients supply chain, especially prefabricated dishes, is still full of opportunities. For Asian fishing ports, whether the IPO is approved or not should not be an end, but should be regarded as an important node in the continuous standardization process of enterprises.
"Although the impact of the IPO of Asian fishing port was unsuccessful, it did not affect the recognition of shareholders to the company and management team over the years." Wang hang, director of Asian fishing port and founding partner of housheng investment, said.
Xia Shanshan said that Asian fishing ports have experienced eight years from entering the capital market to counseling, applying for IPO, supervision and multiple rounds of inquiry and feedback. In this process, the financial or corporate governance of Asian fishing ports have been continuously developed and standardized, which is of great significance for the long-term development of Asian fishing ports. Although the IPO of Asian fishing port was rejected, the development of the company will not stop. How far the enterprise can go in the future and whether it will be accepted by the capital market in the future will eventually return to the development of the company.
Asian fishing ports have been deeply engaged in the field of prefabricated vegetables for more than 10 years. The field of standardized catering ingredients engaged by the company has great development space. No matter whether the enterprise is listed or not, for Asian fishing ports, they will continue to develop in the field of standardized catering ingredients, and a series of actions in this field will not be changed.
"Based on the confidence in the future development of the enterprise and the market in the field of fresh catering ingredients supply chain, the company will adhere to the established operation and development strategy and continue to operate in accordance with the law. I hope to have the opportunity to enter the A-share market again in the future." Xia Shanshan said.
According to the securities times. According to the reporter of E company, According to Article 27 of the measures for the administration of the registration of initial public offerings on GEM (for Trial Implementation) issued in June 2020: "If the exchange considers that the issuer does not meet the issuance conditions or information disclosure requirements and makes a decision to terminate the issuance and listing examination, or the CSRC makes a decision not to register, the issuer may apply for public offering and listing again six months after the decision is made."
the number of newly listed domestic enterprises in Liaoning is the highest in recent ten years
The registered place of Asian fishing port is Dalian, Liaoning Province. On February 16, China catalyst new materials Co., Ltd., also registered in Dalian, was listed on the science and Innovation Board of Shanghai Stock Exchange, which is also the first listed enterprise in Liaoning Province and the sixth listed enterprise on the science and Innovation Board of Liaoning Province this year. Just a month before the IPO of Asian fishing port was rejected, he ophthalmology obtained the registration approval of gem on January 18 and is expected to be listed in the near future.
In addition, according to the announcement of Shenzhen Stock Exchange on February 10, on January 27, 2022, Liaoning Donghe new material submitted the application of Liaoning Donghe New Material Co., Ltd. on withdrawing the application documents for IPO and listing on the gem to Shenzhen Stock Exchange, and the sponsor Dongguan securities also submitted the withdrawal application. According to relevant regulations, Shenzhen Stock Exchange decided to terminate the examination of Liaoning Donghe Xincai's IPO and listing on the gem.
Liaoning provincial financial regulatory bureau recently wrote that the Bureau will take the doubling plan of enterprise listing as the main line, organize and carry out a series of mobilization and training activities for enterprise listing in the whole province, and continuously optimize the service environment for enterprise listing by implementing the "special class system" and "Service Secretary System" for enterprise listing, implementing listing support policies, and giving full play to the role of listing coordination mechanism, Promote the steady and rapid development of enterprise listing in the whole province.
The plan for doubling the listing of enterprises in Liaoning Province, which has just been deliberated and approved, proposes to further expand the group of Listed Companies in Liaoning Province through five measures: consolidating the main basis of enterprise listing, reserving listing reserve resources by category, cultivating listing reserve enterprises by layers, providing services in the whole process of enterprise listing, and strengthening the publicity and guidance of enterprise listing; Gradually optimize the credit environment of Liaoning enterprises in the capital market through the high-quality and healthy image of listed companies; Give full play to the leading role of Listed Companies in industry and promote a virtuous circle of industry, capital and science and technology.
In 2021, Liaoning Province added 6 domestic listed enterprises, with the highest increment in recent ten years. At present, it includes Jinkai (Liaoning) Life Technology Co., Ltd., Liaoning Xinde New Material Technology Co., Ltd., Dalian dalikaipu Technology Co., Ltd., Dalian Shanxi Huayang New Materialco.Ltd(600281) Material Technology Co., Ltd., Shenyang fuchuang precision equipment Co., Ltd., rongxinhuike Electric Co., Ltd The audit status of many companies including Dalian Youxun Technology Co., Ltd. is "inquired", and the audit status of tuojing Technology Co., Ltd. is "submitted for registration".
After the IPO of Asian fishing port was rejected and the listing application of Liaoning Donghe Xincai was withdrawn, whether the number of new domestic listed enterprises in Liaoning Province can reach a new high in 2022, securities times. E company will continue to pay attention to it.
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