Stock abbreviation: Hongying intelligent stock code: 001266 Shanghai Hongying Intelligent Technology Co., Ltd
Shanghai Smart Control Co., Ltd.
(room j11387, building 2, No. 4268, Zhennan Road, Jiading District, Shanghai)
Citic Securities Company Limited(600030) about
Shanghai Hongying Intelligent Technology Co., Ltd
Letter of recommendation for IPO
Sponsor (lead underwriter)
(North block of excellence Times Square (phase II), No. 8, Zhongxin Third Road, Futian District, Shenzhen, Guangdong)
catalogue
1、 Issuer profile two
(I) basic information of the issuer two
(II) establishment of the issuer three
(III) main business four
(IV) financial overview four
(V) operating conditions after the audit deadline of the financial report 6 II. Issuance of shares applying for listing six
(I) basic information of this offering six
(II) the commitment of the company's shareholders on share locking before this issuance 8 III. description of the sponsor on whether the company meets the listing conditions 15 IV. description of whether the recommendation institution has any circumstances that may affect the fair performance of recommendation duties 15 v. matters that the recommendation institution should promise in accordance with relevant provisions 16 VI. work arrangement during the continuous supervision of the company 16 VII. Contact address, telephone number and other communication methods of the recommendation institution and relevant recommendation representatives 18. Other matters that the recommendation institution believes should be explained IX. recommendation conclusion of the sponsor on this stock listing 18 Shenzhen Stock Exchange:
With the approval of the document "Zheng Jian Ke Ke [2022] No. 200" of China Securities Regulatory Commission, Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as "Hongying intelligent", "issuer" and "company") issued 18.36 million social public shares, and published the prospectus on February 9, 2022. The issuer has promised to go through the formalities for change of industrial and commercial registration as soon as possible after the issuance. Citic Securities Company Limited(600030) (hereinafter referred to as " Citic Securities Company Limited(600030) " and "sponsor") believes that the issuer's application for listing its shares fully complies with the relevant provisions of the company law of the people's Republic of China, the securities law of the people's Republic of China and the stock listing rules of Shenzhen Stock exchange, and hereby recommends that its shares be listed and traded in your exchange. The relevant information is reported as follows:
Unless otherwise specified, the abbreviations or terms in this listing recommendation letter have the same interpretation as the letter of intent for IPO of Shanghai Hongying Intelligent Technology Co., Ltd.
1、 Issuer profile
(I) basic information of the issuer
Company name: Shanghai Hongying Intelligent Technology Co., Ltd
English Name: Shanghai Smart Control Co., Ltd
Registered capital: 55.08 million yuan
Legal representative: Zhang Huahong
Date of establishment: November 1, 2005
Address: room j11387, building 2, No. 4268, Zhennan Road, Jiading District, Shanghai
Postal Code: 201802
Tel: 021-3782 9918
Fax: 021-5186 2016
website: https://www.smartsh.com./
Business scope: technical consultation, technology development, technology transfer, technical services in the field of automatic control system, computers, software and auxiliary equipment (except special products for computer information system security), automation equipment, electronic equipment, electronic products, construction machinery equipment (except special equipment), electrical appliances and components, security equipment, telecommunications equipment Sales of cables and wires; The production and processing of automation system equipment and electronic products, the cutting and processing of cables and wires, and the import and export of goods and technology. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
(II) establishment of the issuer
On October 16, 2020, through the resolution of the shareholders' meeting of Hongying Co., Ltd., Hongying Co., Ltd. was changed from a limited liability company to a joint stock limited company.
According to the audit report dxsz [2020] No. 4-01043 issued by Daxin certified public accountants, this change is invested with the company's net assets of 137.5257 million yuan as of August 31, 2020, of which 51 million yuan is included in the share capital and the balance is included in the capital reserve. Each promoter shall contribute with the net assets corresponding to the equity of the limited company held by him, and the equity proportion shall remain unchanged before and after the change.
Shanghai Shenwei Assets Appraisal Co., Ltd. has appraised the net assets of Hongying Co., Ltd. as of August 31, 2020 and issued the appraisal report (hushenwei pingbao Zi (2020) No. 1070). After evaluation and confirmation, as of August 31, 2020, the net assets of the company were 153.5441 million yuan.
On October 16, 2020, five sponsor shareholders including Zhang Huahong, Zeng Hongying, Zeng Hui, Shanghai Yuehao and Hantai venture capital signed the sponsor agreement. On the same day, Hongying Co., Ltd. held the founding meeting and the first general meeting of shareholders to consider and approve the relevant proposals for the establishment of the company.
On October 29, 2020, with the approval of Shanghai market supervision and Administration Bureau, the company name was changed to "Shanghai Hongying Intelligent Technology Co., Ltd." and obtained the renewed business license with the unified social credit code of 91310114781898318f.
On November 10, 2020, Daxin Certified Public Accountants issued daxinyz [2020] No. 4-00045 capital verification report, confirming that as of October 16, 2020, Hongying intelligent (Preparatory) had received a total of RMB 51 million of registered capital (share capital) paid by the promoters, all of which were converted into shares by the net assets of Hongying Co., Ltd. as of August 31, 2020, A total of 51 million shares, with a par value of 1 yuan per share, and the balance of net assets converted into share capital is converted into capital reserve.
The equity structure of Hongying intelligent at the time of its establishment is as follows:
No. name of shareholder number of shares (10000 shares) equity ratio
1 Zhang Huahong 1725.84 33.84%
2 Zeng Hongying 1294.38 25.38%
3 Zeng Hui 1294.38 25.38%
4 Shanghai Yuehao 510.00 10.00%
5. Including Thai venture capital 275.40%
Total 5100.00 100.00%
(III) main business
The company is a provider of intelligent electrical control system products and solutions for mobile machinery and special vehicles. Its main business includes the R & D, production and sales of intelligent electronic control products and intelligent electronic control assemblies.
Since its establishment, the company has adhered to independent research and development. Relying on the years of technical accumulation of the founder and core technical team in the field of intelligent electrical control system for mobile machinery and special vehicles and their deep understanding of the industrialized application of relevant technologies, the company is committed to developing intelligent electrical control system products for mobile machinery and special vehicles, It realizes the continuous optimization and upgrading of the software and hardware platform of the intelligent electrical control system. The company has the comprehensive R & D capability of display and control products, control products, sensing products and signal transmission products applied to mobile machinery and special vehicles.
The intelligent electrical control system of mobile machinery and special vehicles is mainly composed of display and control products, control products, sensing products and signal transmission products. The above products mainly carry out data communication and exchange through CAN bus.
(IV) financial overview
1. Main data of consolidated balance sheet
Unit: 10000 yuan
Project 2021 / 12 / 31 2020 / 12 / 31 2019 / 12 / 31
Total assets 55208.50 40183.73 18143.12
Total liabilities 15361.45 13368.04 6428.27
Total owner's equity 39847.06 26815.69 11714.86
Total owner's equity attributable to the parent company 39847.06 26815.69 11714.86
2. Main data of consolidated income statement
Unit: 10000 yuan
Project 2021 2020 2019
Operating income 50248.24 40002.85 24938.77
Operating profit 14775.56 13256.99 8800.32
Total profit 14745.63 13246.52 8800.30
Net profit 13025.72 11500.83 7631.11
Including: net profit attributable to the owner of the parent company 13025.72 11500.83 7631.11
Deduction of non recurring losses attributable to shareholders of the parent company
Net profit after profit 12332.73 11029.27 7452.36
3. Main data of consolidated cash flow statement
Unit: 10000 yuan
Project 2021 2020 2019
Net cash flow from operating activities 8168.68 6305.37 3345.09
Net cash flow from investment activities -1293.58 1390.66 -2178.25
Net cash flow from financing activities -866.28 2235.88 -935.70
Effect of exchange rate changes on Cash - 3.32 1.10
Net increase in cash and cash equivalents 6008.82 9935.23 232.24
4. Main financial indicators
Project 2021 2020 2019
