China Greatwall Securities Co.Ltd(002939)
about
Guangzhou jusailong Engineering Plastics Co., Ltd. initial public offering and listing on the gem
Listing recommendation
Sponsor (lead underwriter)
(floors 10-19, South Tower, energy building, No. 2026, Jintian Road, Futian street, Futian District, Shenzhen)
Statement
China Greatwall Securities Co.Ltd(002939) (hereinafter referred to as " China Greatwall Securities Co.Ltd(002939) " or "the sponsor") accepts the entrustment of Guangzhou jusailong Engineering Plastics Co., Ltd. (hereinafter referred to as "jusailong", "the company" or "the issuer") to act as the sponsor for its initial public offering of shares and listing on the gem.
The recommendation institution and the designated recommendation representative have, in accordance with the company law of the people's Republic of China (hereinafter referred to as the "company law"), the securities law of the people's Republic of China (hereinafter referred to as the "Securities Law") and other laws and regulations, and the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") The relevant provisions of Shenzhen Stock Exchange ("Shenzhen Stock Exchange") are honest and trustworthy, diligent and responsible, issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and complete.
(unless otherwise specified in this listing recommendation, relevant terms have the same meaning as in the prospectus)
catalogue
Section 1 basic information of the issuer 3 I. Basic Information 3 II. Main business 3. Core technology and R & D level 4. Main business and financial data and indicators 5. Main risks Section 2 the issuer's current offering Section III sponsor representatives, Project Co sponsors and other project team members of this securities issuance and listing 17 I. The sponsor representative specifically responsible for this recommendation 17 II. Project Co sponsors and other project team members Section IV interests between the recommendation institution and the issuer Section V commitments of the sponsor 19 I. General commitment of the recommendation institution to the recommendation of this listing 19 II. The sponsor's commitment to the listing recommendation item by item Section VI recommendation conclusion of the recommendation institution on this issuance and listing Section 7 decision making procedures for the performance of this securities issuance and listing 22 I. resolutions of the board of directors related to this issuance 22 II. Resolutions of the general meeting of shareholders related to this issuance Section 8 the sponsor's explanation item by item on whether the issuer meets the listing conditions stipulated in the Shenzhen Stock Exchange GEM Listing Rules 24 I. it meets the issuance conditions of the gem stipulated by the CSRC 24 II. The total share capital after issuance shall not be less than 30 million yuan 26 III. The shares eligible for public offering reach more than 25% of the total shares of the company 26 IV. the financial indicators meet the standards stipulated in the Listing Rules 26 v. other listing conditions meeting the requirements of Shenzhen Stock Exchange Section 9 specific arrangements for the issuer's continuous supervision after the listing of Securities twenty-eight
Section 1 basic information of the issuer
1、 Basic information
Chinese name of the company: Guangzhou jusailong Engineering Plastics Co., Ltd
English name of the company: Super Dragon Engineering Plastics Co., Ltd
Registered address: Longtan Jubao Industrial Zone (Village), Aotou Town, Conghua, Guangzhou
Office address: Longtan Jubao Industrial Zone (Village), Aotou Town, Conghua, Guangzhou
Legal representative: Hao yuanzeng
Date of establishment of the joint stock company: March 8, 2016 (formerly established on January 21, 1998)
Registered capital: RMB 35827848
Unified social credit Code: 91440184231297884c
Technology import and export; Daily plastic products manufacturing; Plastic pellet manufacturing; Import and export of goods (business scope: excluding goods under special control); Manufacturing of auto parts and accessories (excluding auto engine manufacturing); Plastic parts manufacturing; Wholesale of plastic products. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments.)
Company website: http://www.gzselon.com./
Contact: 02087886338
2、 Main business
The company is a high-tech enterprise specializing in the R & D, production and sales of modified plastics. Its main products include modified general plastics, modified engineering plastics, modified special engineering plastics and other high molecular materials, and are widely used in household appliances, automobile industry, electronic communication, medical supplies and other fields. Its main customers include Midea Group Co.Ltd(000333) , Zhejiang Supor Co.Ltd(002032) Hisense Group, Galanz, Dongfeng Automobile Co.Ltd(600006) , Toyota Motor, Pulian technology and other well-known enterprises.
Since its establishment, the company's main business and main products have not changed significantly, and has always focused on the field of new polymer materials. The company has always been committed to providing customers with modified comprehensive solutions from the aspects of technology, quality, supply and service, and adheres to the development path of independent R & D and technological innovation. After years of unremitting investment, the company has established a perfect R & D system and achieved rich technological accumulation, with a total of 56 Chinese and international patents, A number of products or technologies have won provincial and municipal scientific and technological progress awards, high-tech products, key new material certification and other awards, and have repeatedly undertaken the formulation of national, provincial and municipal scientific and technological projects and national and industrial technical standards. Since 2008, the company has been recognized as a "high-tech enterprise" for many consecutive years; In 2012, the company was recognized as an "innovative pilot enterprise in Guangdong Province"; In 2014, the subordinate Laboratory of the company's R & D center was recognized as the "Key Laboratory of the national science and technology trade innovation base (new material industry)"; In 2015, the company was awarded "Guangdong provincial enterprise technology center"; In 2017, the company was recognized as a "key manufacturing enterprise in Guangzhou". In 2018, the laboratory under the company's R & D center was recognized as a "national (CNAs) certified laboratory"; In 2019, the company was recognized as a "high growth small and medium-sized enterprise in Guangdong Province"; In July 2021, the company was recognized as a "little giant" enterprise specializing in special new products by the Ministry of industry and information technology of China.
Relying on the perfect R & D system and strong R & D strength, the company has established a relatively comprehensive product line, covering PP, ABS, PC, PC / ABS, PBT, pet, hips, PPO, PPS and other polymer materials, including multiple brands with various functions such as conductivity, magnetic conductivity, antistatic, heat conduction, antibacterial, flame retardant and spray free, which have been widely recognized by customers.
At the beginning of 2020, covid-19 pneumonia broke out and became popular all over the world. The company actively responded to the national call. According to the needs of national epidemic prevention work, in view of the shortage of epidemic prevention materials such as medical masks and protective clothing, relying on the company's technical reserves and production line equipment, the company quickly developed low odor and high melting point PP (commonly known as melt blown material) for masks, breathable PE for protective clothing PE and other products are used for mask nose bar, and actively resume production. It will be put into operation and supplied in batch in the first quarter of 2020, so as to fully ensure the production and supply of relevant epidemic prevention materials and raw materials. In 2020, the company sold 548399 tons of meltblown products. At the same time, the company actively gave full play to its technical advantages and participated in the formulation of many national and group standards, such as "polypropylene (PP) melt blown special material", "polypropylene (PP) melt blown special material for mask", "polyethylene (PE) breathable film special material for protective clothing". In February 2020, the company was included in the list of manufacturers of key guarantee materials for epidemic prevention and control in Guangdong (the first batch) by the Ministry of industry and information technology of Guangdong Province; In November 2020, the company was awarded the honorary title of "anti epidemic pioneer" by China synthetic resin Association. 3、 Core technology and R & D level
Modified plastics have a wide variety and wide application. As an important part of the new material industry, they have the characteristics of high development cost and technology intensive industry. Especially in recent years, affected by the new generation of big data, Internet of things, artificial intelligence and clean energy technology, the fields of home appliances, automobiles and consumer electronics have shown the trend of intelligence, customization and accelerated product iteration. At the same time, the rise of technologies such as 3D printing and 5g communication has further enriched the application scenarios of modified plastics. The vigorous development of downstream applications not only brings development opportunities to modified plastic manufacturing enterprises, but also puts forward higher requirements for the technology and R & D ability of modified plastic manufacturing enterprises. Whether they have high-performance professional modified formula and the development ability and speed of new formula have become the core competitiveness of modified plastic production enterprises.
As a high-tech enterprise, since its establishment, the company has always focused on the field of modified plastics, always adhered to independent research and innovation, aimed at the industry's cutting-edge technology, actively applied cutting-edge technology to technology and product research and development, continuously developed new products that can meet the needs of customers, maintained strong independent innovation ability, and promoted the company's technology and products to always be in the leading position in the industry, And formed the core competitive advantage of the company.
In terms of R & D team, the company has established a R & D team with rich industry experience, solid professional background, strong innovation ability and reasonable personnel structure. The core R & D personnel have many years of successful experience in theoretical research and transformation of theoretical research results. At the same time, the company has specially established a polymer material R & D center and a series of professional laboratories, It has been successively rated as Guangdong Engineering Technology Center, provincial enterprise technology center, postdoctoral innovation practice base, National Science and technology trade innovation base (new materials) industry key laboratory. Relying on the professional R & D team and the company's unremitting R & D investment, the company has achieved good results in technological innovation and product R & D. by the end of the reporting period, the company has obtained 53 Chinese invention patents, 2 utility model patents and 1 overseas invention patent. In addition, the company has a number of invention patents in the application stage.
While the company continues to actively study innovative technologies, it also continues to transform advanced technologies into technological achievements. The company has mastered various modification technologies and product formulas such as filling modification, reinforcement modification, flame retardant modification, plastic alloying and functional modification, so as to provide sufficient technical support for the continuous production of the company's modified plastic products. With the application of core technology, the company has undertaken the implementation of national, provincial and municipal scientific research projects for many times. Many products of the company, such as "polyphenylene ether nylon composite for electrical junction box" and "low emission polypropylene composite", have been recognized as high-tech products in Guangdong Province; The company's products such as "environment-friendly flame retardant reinforced composite based on recycled PET" and "PPS special engineering plastic that can replace copper and copper alloy to make inserts for building materials and pipe fittings" won the second and third prizes of Guangdong Provincial Science and technology progress award respectively; The company has been rated as Guangzhou innovative enterprise, Guangdong intellectual property advantage enterprise and high-tech enterprise for many times.
To sum up, the company has excellent R & D team, strong technological innovation and transformation ability of technological achievements, rich technical reserves, strong independent innovation ability, which ensures that the company's technology and products are in the advanced position in the industry and forms the core competitive advantage of the company. 4、 Main operating and financial data and indicators
According to the audit report issued by Zhonghui certified public accountants, the main financial data and financial indicators of the company during the reporting period are as follows:
End of June 2021 end of 2020 end of 2019 end of 2018
Total assets (10000 yuan) 105609521069698086684 Dbappsecurity Co.Ltd(688023) 411
Owner's equity attributable to the parent company (10000 yuan) 4275169392012232748782902290
Asset liability ratio (consolidated): 59.52%, 63.35%, 62.22%, 63.83%
Project from January to June 2021, 2020, 2019 and 2018
Operating income (10000 yuan) 59598421108162099905458682878
Net profit (10000 yuan) 353364769758475261278415
Net profit attributable to owners of the parent company: 35336476975847526127841500 yuan
Net profit attributable to the owner of parent company 303979749372424480238495 after deducting non recurring profit and loss (10000 yuan)
Basic earnings per share (yuan) 0.99 2.15 1.33 0.80
Diluted earnings per share (yuan) 0.99 2.15 1.33 0.80
Weighted average return on net assets 8.62%, 21.27%, 15.39%, 10.25%
