Huatai United Securities Co., Ltd
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Authenticity of the performance of the target company of Shanghai Precise Packaging Co.Ltd(300442) major asset restructuring in the reporting period
of
Special verification report
Independent financial advisor
Date of signature: December, 2001
6-14-12-1-1
Special verification report on the authenticity of the performance of the subject company of Shanghai Precise Packaging Co.Ltd(300442) major asset restructuring in the reporting period
Shenzhen Stock Exchange:
According to the requirements of the second round examination and inquiry letter on Shanghai Precise Packaging Co.Ltd(300442) application for major asset replacement, issuance of shares to purchase assets, raising supporting funds and related party transactions (examination and approval letter [2021] No. 030020, hereinafter referred to as the “second round inquiry letter”) issued by your exchange on November 5, 2021, Huatai United Securities Co., Ltd. (hereinafter referred to as “Huatai United Securities” or The “independent financial adviser”) conducted special verification on the authenticity of the performance of Runze Technology Development Co., Ltd. (hereinafter referred to as “the subject company” or “Runze technology”) in 2018, 2019, 2020 and January October 2021 (hereinafter referred to as “the reporting period”), the subject company of Shanghai Precise Packaging Co.Ltd(300442) major asset restructuring. The specific verification is as follows:
Unless otherwise specified, the words or abbreviations described in this special verification report have the same meaning as the words or abbreviations defined in the report on Shanghai Precise Packaging Co.Ltd(300442) major asset replacement, issuing shares to purchase assets and raising supporting funds and connected transactions (Draft).
6-14-12-1-2
1、 Basic information and performance of the target company
(i) Basic information of the target company
Runze Technology Development Co., Ltd
English Name: Range Technology Development Co., Ltd
Enterprise type: limited liability company
The registered capital is 562130300 yuan
Legal representative: Zhou Chaonan
Date of establishment: August 13, 2009
Unified social credit code 911310016934666708
Address: No. 9, Louzhuang Road, economic and Technological Development Zone, Langfang City, Hebei Province
Postal Code: 065000
Tel: 0316-6075858
Fax: 0316-6075858
Internet address http://www.rangeidc.com./
E-mail [email protected].
Data processing and storage services; Technology promotion and service; Data center (IDC), it industry R & D; information value-added services, it industry incubation services; providing network pipeline promotion services; networking access and related services within the scope of mutual business; Internet information services; information system integration services; information technology consulting services; telecommunications services. (for projects subject to approval according to law, business activities can be carried out only with the approval of relevant departments)
（2） Business overview of the subject company
Since its establishment, Runze technology has always focused on the development and operation of large-scale, high-grade, efficient and high-performance data center clusters. It is a leading overall data center solution provider in China. Runze technology is committed to providing users with a stable, safe, reliable and sustainable data center operation environment through leading data center key infrastructure design scheme, strong project development management strength and professional operation and maintenance team system. Runze technology has high-level data center planning, design, construction and operation capabilities, and has passed the relevant certification of international data center certification and rating authority Uptime Institute, The M1 module of A1 data center has obtained the design certification of uptime tier IV (T4 level, i.e. the highest level of the data center). The A1, A2 and A5 data centers have also obtained the uptime M & O certification, and 18 employees have obtained uptime AOS (operation and maintenance expert) certification, which has formed the industry-leading comprehensive service capacity of super large-scale data center industry. At present, Runze technology is built and operated in Langfang The data center cluster of (Langfang) International Information Port ranks among the largest in China, and a super large-scale data center industrial park is arranged in core urban agglomerations such as the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan district and Chengdu Chongqing economic circle. Related projects are under planning and construction, with significant regional advantages and scale effects. 6-14-12-1-3
There is broad space for future development. The target company has established a good business relationship with China Telecom Corporation Limited(601728) , China United Network Communications Limited(600050) and other telecom operators through long-term cooperation and provided them with overall data center solutions; The settled end customers are mainly large Internet companies, providing high-quality operation and maintenance services for their key data services to meet the dynamic needs of end users for rapid deployment and scalability.
Runze technology practices the principle of “stability, safety and reliability”, Moisten (Langfang) the international information port data center has been put into operation without major safety and reliability accidents and major customer loss, and has established a good brand image in the industry. Runze technology has obtained ISO 9001:2015 quality management system certification, ISO / iec20000-1:2001 information technology service management system certification and ISO / IEC 27001:2013 information security management system certification. Up to now , the target company has 19 computer software copyrights and is rated as a national high-tech enterprise.
In the future, Runze technology will continue to practice the national big data strategy, promote the construction of Digital China, grasp the strategic opportunities of the rapid development of big data industry and new infrastructure policies, rely on the operated data centers in the core areas, summarize and improve the experience of early construction and operation, form iterative development experience, and apply new technologies in infrastructure optimization New products accumulate experience in the design, construction, operation and maintenance, management and control of a new generation of data center, constantly improve the construction and operation level of data center, and form replicable standards and specifications. In terms of big data industry collaboration, develop a big data high-performance computing platform, connect with the background of big data computing applications in Beijing, Tianjin and Hebei, layout the national front-end edge computer rooms, and gradually establish big data industry infrastructure products, platforms and ecosystems. Gradually build a national and even global data center business layout, and provide customers with more professional, high-quality and highly competitive Internet cloud computing infrastructure services with the core concept of efficient, high-performance and sustainable operation.
Main products or services:
The data center is a special infrastructure for the safe, stable and continuous operation of computer systems (including servers, storage and network equipment). The space generally includes the following infrastructure: buildings, power and electrical systems, refrigeration systems, monitoring and management systems, security systems, decoration works, etc.
In terms of functions, data center services provide services to customers at different levels such as buildings, data center infrastructure, network communication, server / storage, database, middleware and applications, such as network bandwidth services, network security services, server hosting services, virtual host services, data backup management, etc.
Runze technology data center mainly serves telecom operators, large Internet companies and some countries 6-14-12-1-4
Ministries provide data center infrastructure services. Specifically, the end user places its servers and related equipment in the data center of the target company, and the target company performs 365 of the data center infrastructure according to the operation service level agreed with the customer × 24-hour uninterrupted technical operation and maintenance management ensures that the infrastructure of the data center is in an effective and safe working state, and ensures the safe, stable and continuous operation of user servers and related equipment. （3） Main financial data of the target company’s income statement in each period of the reporting period
The main financial data of the profit statement of the subject company in each period of the reporting period are as follows:
Unit: 10000 yuan
Project from January to October 2021, 2020, 2019 and 2018
Operating income 167077.44139356.1598881.6562848.55
Operating cost 76422.5365291.2951104.2939425.57
Taxes and surcharges 1346.941525.951236.02843 ninety-five
Selling expenses 219.18312 78165.5571. ninety
Administrative expenses 7135.7621245.419126.896999.60
R & D expenses 5162.034337.734273.371725.27
Financial expenses 8450.8914918.1119952.8419942.73
Other income 89.6286 05343.19551. forty-four
Investment income 338.19457 21105.63511. fifty-nine
Credit impairment loss 853.47-76.37-882.01-
Asset impairment loss — 43.53
Income from asset disposal -160.851080.6922 78-
Non operating income 0.042 371.205. ten
Non operating expenses 137.0763 million 696.49151. eighty-one
Total profit 69323.4933211.1212607.00-5200.61
Income tax expense 10235.556794.78190 45-
Net profit 59087.9426416.3512416.55-5200.61
59163.3326452.6612663.71-5060.90 net profit attributable to the owner of the parent company
2、 Scope and method of performance authenticity verification
(i) Scope of verification
The scope of this special verification is: the authenticity of operating revenue, the integrity of costs and expenses, the accuracy of non recurring profits and losses, and the authenticity and accuracy of fixed assets and impairment during the reporting period of Runze technology.
（2） Verification method
The verification means used in this verification include but are not limited to interview, inspection, correspondence and analytical procedures. The specific verification conditions are as follows:
1. Verification of operating income
(1) Understand and check the internal control related to the sales and collection cycle of Runze technology, and evaluate and test the design and operation effectiveness of the internal control related to the revenue recognition of Runze technology;
(2) Check the sales contracts between Runze technology and major customers, identify the contract terms such as performance obligations and transaction prices of the enterprise, and evaluate whether the revenue recognition policies of Runze technology comply with the provisions of accounting standards;
(3) Implement substantive analysis procedures for the fluctuation of operating revenue and gross profit margin, analyze the revenue related data such as each year, the situation of the same industry and power on rate, identify whether there are significant or abnormal fluctuations, and find out the causes of fluctuations;
(4) Confirm the sales amount of major customers and the balance of accounts receivable, and evaluate the authenticity and integrity of revenue recognition;
(5) Query the industrial and commercial data of major customers and conduct interviews with major customers
