Shenzhen kangguan Technology Co., Ltd
Initial inquiry and recommendation announcement of IPO
Sponsor (lead underwriter): Chinalin Securities Co.Ltd(002945)
hot tip
Shenzhen kangguan Technology Co., Ltd. (hereinafter referred to as "kangguan technology", "issuer" or "company") in accordance with the administrative measures for securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as "administrative measures") of China Securities Regulatory Commission (hereinafter referred to as "CSRC") Regulations such as the measures for the administration of initial public offering and listing (CSRC order [No. 173]), the Interim Provisions on public offering of shares by shareholders of companies during initial public offering (CSRC announcement [2014] No. 11), etc, The China Securities Association (hereinafter referred to as the "Securities Association"), the code for underwriting business of initial public offering of shares (zxsf [2018] No. 142) (hereinafter referred to as the "business code"), the rules for placing initial public offering of shares (zxsf [2018] No. 142) (hereinafter referred to as the "rules for placing") Detailed rules for the administration of offline investors in initial public offering (zxsf [2018] No. 142) (hereinafter referred to as "detailed rules for the administration of offline investors"), Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange") "detailed rules for the implementation of online issuance of initial public offerings in Shenzhen market" (SZS [2018] No. 279) (hereinafter referred to as "detailed rules for the implementation of online issuance") and "detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market" (SZS [2020] No. 483) (hereinafter referred to as "detailed rules for the implementation of offline issuance") ）Organize and implement the initial public offering of shares (A shares) in accordance with relevant regulations.
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. For details of preliminary inquiry and offline subscription, please refer to the website of Shenzhen Stock Exchange（ http://www.szse.cn. ）The detailed rules for the implementation of offline issuance and other relevant provisions.
Investors are kindly requested to pay attention to the relevant provisions on the issuance process, online and offline subscription and payment, disposal of share abandonment and other links. The specific contents are as follows:
1. Investors do not need to pay subscription funds when making online and offline subscription on March 8, 2022 (t day). The offline issuance and Subscription Date and online subscription date are the same as March 8, 2022 (t day). Among them, the offline subscription time is 9:30-15:00, and the online subscription time is 9:15-11:30 and 13:00-15:00.
2. After the preliminary inquiry, the issuer and Chinalin Securities Co.Ltd(002945) (hereinafter referred to as " Chinalin Securities Co.Ltd(002945) " or "recommendation institution (lead underwriter)" or "lead underwriter") shall, according to the inquiry results after excluding invalid quotations, quote all qualified placing objects from high to low according to the declared price, from small to large according to the proposed purchase quantity at the same declared price For the same declared price and the same proposed purchase quantity, the order shall be from the last to the first according to the declaration time (the declaration time shall be subject to the record of the offline issuance electronic platform of Shenzhen Stock Exchange). The quotation of the placing object with the highest quotation shall be excluded, and the total amount of proposed purchase excluded shall not be less than 10% of the total amount of offline investors. When the maximum declared price is the same as the determined issue price, the Declaration on the price will not be excluded, and the exclusion ratio can be less than 10%. The excluded part shall not participate in offline subscription. When the P / E ratio corresponding to the issuance price determined by the issuer and the recommendation institution (lead underwriter) according to the inquiry results is higher than the average p / E ratio of the secondary market of Listed Companies in the same industry, the issuer and the recommendation institution (lead underwriter) will continuously publish special investment risk announcements within three weeks before online subscription, at least once a week, and the subsequent issuance schedule will be postponed for three weeks, The specific arrangements will be announced separately.
3. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares on their behalf.
4. The placing object shall strictly comply with the industrial regulatory requirements, and the subscription amount shall not exceed the corresponding asset scale or capital scale.
5. Offline investors shall, in accordance with the announcement on the preliminary placement results of offline issuance of initial public offering of shares by Shenzhen kangguan 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 before 16:00 on March 10 (T + 2) 2022 according to the final issuance price and preliminary placement quantity. Offline investors are allocated multiple new shares on the same day. Please pay for each new share in full and fill in the remarks in accordance with the specifications. 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 entry; 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.
After winning the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement on the results of online lottery for initial public offering of shares by Shenzhen kangguan Technology Co., Ltd. (hereinafter referred to as the announcement on the results of online lottery), so as to ensure that their capital account will have sufficient capital for subscription of new shares on March 10 (T + 2) 2022, The transfer of investors' funds shall comply with the relevant provisions of the securities company where the investors are located.
The shares that offline and online investors give up to subscribe for are underwritten by the sponsor (lead underwriter).
6. 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 "XII. Suspension of issuance" for specific suspension terms.
7. If the offline investor with valid quotation fails to participate in the subscription or the offline investor who has obtained the preliminary placement fails 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 fails to pay in full after winning the lottery three times in a row within 12 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 corporate bonds and exchangeable corporate bonds.
8. Requirements for the market value of offline investors: take the two trading days before the initial inquiry of this offering (i.e. February 28, 2022, T-6 (including that day)) as the base date, and the securities investment funds, basic endowment insurance funds The average daily market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market held by the social security fund managed by the social security fund investment manager 20 trading days before the benchmark date (including the benchmark date) is more than 10 million yuan.
The average daily market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market held by other offline investors participating in the preliminary inquiry of this issuance and their managed placing objects 20 trading days (including the base date) before the base date shall be more than 60 million yuan (including).
9. 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.
The sponsor (lead underwriter) reserves the right of final interpretation on issues related to this announcement and this offering.
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 the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), kangguan technology belongs to the computer, communication and other electronic equipment manufacturing industry (C39). China Securities Index Co., Ltd. has released the industry average p / E ratio, which can be referred to by investors when making decisions. 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. In 2021, kangguan technology realized an operating revenue of 118887451 million yuan, an increase of 60.36% over the previous year; The operating profit was 9759584 million yuan, an increase of 93.39% over the previous year; The net profit was 9235405 million yuan, an increase of 90.41% over the previous year; After deducting non recurring profits and losses, the net profit attributable to the common shareholders of the company was 855114800 yuan, an increase of 97.20% over the previous year.
Kangguan technology expects to achieve an operating revenue of 2533796800 yuan to 2894924200 yuan in the first quarter of 2022, with a year-on-year change range of 13.40% to 29.57%; It is estimated that in the first quarter of 2022, the net profit attributable to the owner of the parent company will reach 1789368 million yuan to 2044396 million yuan, with a year-on-year change range of 50.29% to 71.71%; It is estimated that in the first quarter of 2022, the net profit attributable to the owners of the parent company after deducting non recurring profits and losses will reach 1725912 million yuan to 1976741 million yuan, with a year-on-year change range of 67.37% to 91.69%.
The above performance of the first quarter of 2022 is only the preliminary expected result of the company, which has not been audited or reviewed by accountants, and does not constitute the issuer's profit forecast or performance commitment.
Investors are hereby reminded to pay attention to the risk of performance fluctuation of the issuer, quote prudently and participate in decision-making rationally.
Important tips
1. The application of Shenzhen kangguan Technology Co., Ltd. for the initial public offering of no more than 424875 million RMB common shares (A shares) (hereinafter referred to as "this offering") has been approved by the China Securities Regulatory Commission's CSRC license [2022] No. 375. The sponsor (lead underwriter) of this offering is Chinalin Securities Co.Ltd(002945) . The issuer's stock is abbreviated as "kangguan technology" and the stock code is "001308". This code is also used for preliminary inquiry, offline subscription and online subscription of this issuance.
2. This issuance adopts the 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 Chinalin Securities Co.Ltd(002945) will directly determine the issuing price through offline preliminary inquiry, and no cumulative bidding inquiry will be conducted offline. The preliminary inquiry and offline issuance shall be organized and implemented by Chinalin Securities Co.Ltd(002945) through the offline issuance electronic platform of Shenzhen Stock Exchange (hereinafter referred to as the "offline issuance electronic platform"), and the online issuance shall be conducted through the trading system of Shenzhen Stock Exchange (hereinafter referred to as the "trading system").
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 9:30-15:00 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 detailed rules for the implementation of offline issuance and other relevant provisions.
3. This public offering of 424875 million shares is a public offering of new shares, and the shareholders of the company will not make a public offering of shares. The total share capital after this public offering is 402487500 shares, and the proportion of circulating shares after issuance in the total shares of the company is 10.56%. The shares issued this time have no circulation restrictions and locking arrangements.
The initial number of shares issued offline is 297415 million, accounting for 70.00% of the total number of shares issued this time, and the initial number of shares issued online is 12.746 million, accounting for 30.00% of the total number of shares issued this time. Offline and online investors do not need to pay subscription funds when applying for subscription.
4. 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 self operated investment account or securities investment product owned or directly managed by the investors participating in the offline issuance, which has been registered with the China Securities Association and can participate in the offline subscription. Offline investors shall complete the registration of placement object information in China Securities Association before 12:00 of the trading day before the initial inquiry (i.e. March 1, 2022 (T-5)). In accordance with the provisions of the law of the people's Republic of China on securities investment funds, the Interim Measures for the supervision and administration of private investment funds and the measures for the registration and filing of private investment fund managers (for Trial Implementation), private fund investors shall complete the registration of managers and the filing of funds with the China Fund Industry Association at the same time Chinalin Securities Co.Ltd(002945) the standards for offline investors have been formulated in accordance with the requirements of the management measures, business norms and other relevant systems. Only investors who meet the requirements of the offline investor standard of "III. relevant arrangements for investors to participate in preliminary inquiry (I) investor standard for participating in offline inquiry" in this announcement can participate in this preliminary inquiry. Those who participate in the preliminary inquiry of this issuance without meeting the relevant standards shall bear all the consequences caused by this behavior, and the sponsor (lead underwriter) will set its quotation as invalid on the offline issuance electronic platform of Shenzhen Stock Exchange, Relevant information shall be disclosed in the announcement of Shenzhen kangguan Technology Co., Ltd. on initial public offering of shares (hereinafter referred to as the "issuance announcement").
Investors are reminded that the recommendation institution (lead underwriter) will make a preliminary inquiry and placement before the initial inquiry
