It’s a long way for a company to receive listing materials and issue them. It’s also a spiritual journey. The speed of some companies is unprecedented, and the meeting will be held in more than 20 days; Some companies take the initiative to withdraw their application materials and return home on the way; In addition, the company was exposed due to various non-standard operations and was finally torn off
At present, the A-share registration system is implemented on the science and innovation board and the gem. Generally speaking, under the registration system, the “inquiry reply” will go through multiple rounds of repetition. Later, some fell at the municipal Party committee meeting, some failed to submit the registration, and some took the initiative to withdraw the application materials and terminate the listing road.
The reporter of the daily economic news takes Zhou as the unit to sort out the companies that were held last week, whether they were accepted or not, and the new materials were accepted for the readers. Last week (December 20 ~ December 26, the same below), a total of 5 companies were arranged to attend the meeting. Except that Jiahong oral withdrew its IPO on the eve of the meeting, resulting in the cancellation of the audit, all the remaining 4 companies attended the meeting.
Although no company will be rejected last week, the IPO review of seven companies was terminated and another company was suspended. In terms of new IPO acceptance, perhaps due to the approaching end of the year, there was another IPO “Declaration tide” last week. A total of 27 new IPO companies are proposed, mainly to log on the gem or science and innovation board, and one company of Hengjin induction plans to log on the Beijing stock exchange.
In terms of the performance of new shares, no A-share IPO broke last week. The issue price was as high as 557.8 yuan / share, which became the “most expensive new share” in history. After listing, the share price of Hemai shares once soared, and the profit of winning the first contract once exceeded 130000 yuan. The number of companies arranged for the meeting this week is small, only 4. Among them, there are 2 GEM companies, 1 sci-tech innovation board company and 1 main board company.
The “special” background of Yaokang and Nanjing University was concerned at the company’s meeting last week
Last week, on the whole, the number of companies arranged for the meeting was small. Except that Jiahong oral urgently withdrew its IPO before listing, all the remaining four companies passed the meeting. Among them, Jiangsu Jicui Yaokang Biotechnology Co., Ltd. (hereinafter referred to as Jicui Yaokang).
According to the prospectus, Jicui Yaokang was established in 2017 and has not been established for a long time. It is a high-tech enterprise specializing in the R & D, production, sales and related technical services of experimental animal mouse models.
In 2018, jijiyaokang was still in a state of loss, but in the past two years, relying on a large number of government subsidies, the company quickly turned losses into profits. In 2019 and 2020, the net profits of kangguimu, a concentrated medicine, were 34.7442 million yuan and 76.4335 million yuan respectively; In the same period, the current government subsidies recognized by the company reached 21.908 million yuan and 37.3489 million yuan respectively, accounting for about 63% and 49% of the net profit attributable to the parent company in the current year.
Jijiyaokang has not been established for a long time. Why can it rise rapidly? In fact, Jicui Yaokang has a close relationship with Nanjing University, and some of its personnel, assets and customer resources are undertaken from Nanjing University. The unusual relationship between jijijiyaokang and Nanjing University has also been focused by regulators.
At the municipal Party committee meeting on the science and Innovation Board on December 24, the supervisor asked Jicui Yaokang to explain the background, process and implementation results of Jicui Yaokang’s acquisition of assets from the biological research institute in 2018, and Gao Xiang, the actual controller of Jicui Yaokang, voluntarily raised the acquisition price and donated to Nanjing University in 2021, And the specific impact on the company’s production and operation.
With the meeting of four companies last week and the audit of one company was cancelled, the weekly meeting rate of IPO reached 80%.
Yellow list: 8 companies on the list Ali “concept stock” Kaijie e-commerce failed to be listed
The number of companies that terminated / suspended IPO last week was large, reaching 8. Among them, Shanghai Kaijie e-commerce Co., Ltd. (hereinafter referred to as Kaijie e-commerce). Kaijie e-commerce, founded in August 2010, is a home appliance business agent operation company. It focuses more on the agent operation of food, mother and baby, pet and other stores. Like Three Squirrels Inc(300783) and other companies, it is an Ali “concept stock”.
According to the prospectus (declaration draft), Kaijie e-commerce has established close cooperative relations with well-known brands including Yizi, king, royal, greeco, KFC, Pepsi and fanatical toys.
In terms of performance, from 2018 to 2020, Kaijie e-commerce realized an operating revenue of RMB 1.538 billion, RMB 2.122 billion and RMB 2.474 billion respectively, and the net profit attributable to the parent company was RMB 57.2983 million, RMB 66.041 million and RMB 98.7352 million respectively. The company’s performance was on the rise.
However, after applying for IPO at the end of June this year, Kaijie e-commerce chose to withdraw its IPO application before it had time to go through a round of inquiry, and hurriedly terminated the process of A-share listing for the first time.
The prospectus (declaration draft) shows that although kaijiedian’s business performance has improved in recent years, the scale of the company’s accounts receivable is also rising. From 2018 to the end of 2020, the book value of Kaijie e-commerce inventory was RMB 244 million, RMB 298 million and RMB 393 million respectively, accounting for 44.66%, 35.77% and 38.76% of the total assets respectively. The overall scale is large.
In terms of IPO declaration, there was a “small climax” of IPO declaration last week. Within one week, a total of 27 companies to be IPO were added, mainly to be listed on the gem or the science and innovation board, and one company from Hengjin induction was to be listed on the Beijing stock exchange.
This week, four enterprises will hold a meeting on Weiwan seal, and the net profit is expected to decline by 18% ~ 25% in 2021
This week, four companies including Jinhui mining, Zhongwei semiconductors, North Road intelligent control and Weiwan seal will welcome the conference. Among them, Weiwan seal is a high-tech enterprise specializing in the R & D, production and sales of hydraulic and pneumatic seal products. The company’s main products include hydraulic seal products such as hydraulic seal and hydraulic seal package, as well as other seal products such as pneumatic seal, oil seal and crawler seal.
In terms of performance, from 2018 to 2020, Weiwan seal achieved revenue of 245 million yuan, 289 million yuan and 405 million yuan respectively; In the same period, the net profit attributable to the parent company was 45.0439 million yuan, 47.2096 million yuan and 76.9044 million yuan respectively. From January to September this year, Weiwan seal achieved a revenue of 323 million yuan, a year-on-year increase of 11.79%; The net profit attributable to the parent company was 45.8048 million yuan, a year-on-year decrease of 23.40%.
According to the prospectus (last draft), Weiwan seal expects a revenue of RMB 414 million to RMB 425 million in 2021, with a year-on-year increase of 2% to 5%; The net profit attributable to the parent company is expected to be 57 million yuan to 62.5 million yuan, a year-on-year decrease of 18% ~ 25%.
As of December 26, the audit information disclosure of the science and Innovation Board showed that of all 693 companies, 402 were in the effective registration (registration results), followed by 142 “terminated”, 54 “inquired” and 15 suspended and updated financial statements.
As of December 26, according to the official website of the Beijing stock exchange, 84 companies on the selected layer of the new third board have been registered, and the latest registered company is Hujiang materials registered last week. The review was terminated by 46 companies, suspended by 4 companies, inquired by 49 companies, accepted by 3 companies, and approved by the municipal Party Committee on December 24.
Last week, there was no break in the issuance of new shares. The highest profit in the first signing of “the most expensive new shares” Wo Mai shares was more than 130000 yuan
A shares listed 10 registered new shares last week, of which the most concerned is probably the “most expensive new share” Hemai shares. Hemai shares is the new share with the highest issuance price in the history of a shares, with an issuance price of 557.8 yuan / share, exceeding the previous record holders of 292.92 yuan / share of Sino Biological Inc(301047) (301047. SZ) and 271.12 yuan / share of Beijing Roborock Technology Co.Ltd(688169) (688169. SH).
According to the calculation of 500 shares in the first signing of the science and innovation board, the full payment amount of the investors of the winning Hemai shares is as high as 278900 yuan. Or because the price is too high, or because of the frequent occurrence of A-Shares in October and the breaking of new shares on the first day of listing, many winners chose to abandon the purchase. According to the announcement of Hemai shares, the amount of new shares subscribed online was as high as 363 million yuan.
However, on December 20, the listing of Hemai shares opened higher and higher, and once rose to 824 yuan / share, an increase of 47.72%. According to the highest price, winning the first lot will make a profit of more than 130000 yuan. As of the closing, the share price rose by about 30%, and the profit of the first lot was about 83000 yuan.
In addition to the good performance of Hemai shares, Juguang technology performed best in terms of growth last week, with a maximum increase of 192.29% on the first day of listing, which also made a lot of profits for China first signing Juguang technology, exceeding 60000 yuan.
This week, seven A-share Tianyue advanced, chuangyao technology, Weike technology, temus, bidding shares, Yahong medicine and 3D world will welcome subscription. Among them, the issue price of 3D world reached 30.28 yuan / share.
During the year, 516 companies had A-share listing, and the financing amount reached a new high
As of December 26, wind showed that 516 companies had been successfully listed on A-Shares this year, with a financing amount of 533.422 billion yuan. Both the number of listed companies and the total financing reached a new record. Last year was also the year of China’s IPO. A total of 437 companies were listed on the A-share market, with a financing amount of more than 480 billion yuan.
Among the top 10 IPOs of A-Shares in 2021, including China Telecom Corporation Limited(601728) , Baiji Shenzhou, China Three Gorges Renewables (Group) Co.Ltd(600905) , Shanghai Rural Commercial Bank Co.Ltd(601825) , Everdisplay Optronics (Shanghai) Co.Ltd(688538) , Zhuzhou Crrc Times Electric Co.Ltd(688187) , Xinjiang Daqo New Energy Co.Ltd(688303) , Hemei shares, Sino Biological Inc(301047) and Tianneng Battery Group Co.Ltd(688819) . Among them, China Telecom Corporation Limited(601728) , China Three Gorges Renewables (Group) Co.Ltd(600905) and Baiji Shenzhou raised 47.904 billion yuan, 22.713 billion yuan and 22.160 billion yuan respectively, ranking the top three.
Looking forward to 2022, according to the prediction of Ernst & young, a well-known accounting institution, with the release of the “double carbon” top-level design, the relevant policies are expected to be implemented gradually, and the IPO activities related to carbon neutralization are expected to benefit; In addition, the establishment of Beijing stock exchange in the second half of 2021 is expected to promote IPO activities in 2022, especially small and medium-sized IPO activities.
As of December 26, 477 companies had completed the offering of A-Shares during the year. Among them, 83, 80 and 79 are in the top three in Guangdong, Zhejiang and Jiangsu respectively.
From the distribution of underwriters, among the 477 A-share companies offering shares during the year, Citic Securities Company Limited(600030) took the first place in 66 companies, far exceeding the 40 and 38 companies in the second and third places China Securities Co.Ltd(601066) and Haitong Securities Company Limited(600837) .
The CSRC issued the overseas listing rules, specifying that five categories of circumstances shall not be listed overseas
Last week, there was also some action in regulation. The overseas listing rules of enterprises that have attracted much attention have been released. On December 24, the CSRC promulgated the administrative provisions of the State Council on the overseas issuance and listing of securities by domestic enterprises (Draft for comments) (hereinafter referred to as the administrative provisions) and the administrative measures for the filing of overseas issuance and listing of securities by domestic enterprises (Draft for comments) (hereinafter referred to as the filing measures) to solicit opinions from the public.
According to relevant contents, domestic enterprises, whether directly or indirectly issuing and listing overseas, shall file with the CSRC and abide by laws and regulations such as network security and data security; When filing, it is necessary to submit regulatory opinions, filing or approval documents issued by industry competent departments, as well as safety assessment and review opinions issued by relevant departments.
According to the administrative provisions, it is not allowed to go abroad for listing under any of the following circumstances: first, there are circumstances where listing and financing are explicitly prohibited by national laws, regulations and relevant provisions; Second, the relevant competent department of the State Council has examined and determined according to law that overseas issuance and listing threatens or endangers national security; Third, there are major ownership disputes over equity, main assets and core technology; 4. Domestic enterprises and their controlling shareholders and actual controllers have committed criminal crimes of embezzlement, bribery, embezzlement of property, misappropriation of property or undermining the order of the socialist market economy in the past three years, or are being filed for investigation by judicial organs for suspected crimes or are being filed for investigation for suspected major violations of laws and regulations; 5. Directors, supervisors and senior managers have been subject to administrative punishment in the past three years and the circumstances are serious, or are being filed for investigation by judicial organs due to suspected crimes or suspected of major violations of laws and regulations; And other circumstances recognized by the State Council.
According to the filing measures, the issuer shall submit filing materials to the CSRC within 3 working days after submitting the application documents for initial public offering and listing abroad, including but not limited to: (1) filing report and relevant commitments; （2） Regulatory opinions, filing or approval documents issued by industry competent departments (if applicable); （3） Safety assessment review opinions issued by relevant departments (if applicable); （4） Domestic legal opinions; （5） Prospectus. Where an issuer issues and is listed in other overseas markets after overseas issuance and listing, it shall perform the filing procedures in accordance with the provisions of this article.
In addition, according to the filing measures, if an overseas securities company engages in the recommendation business of overseas issuance and listing of domestic enterprises or acts as the lead underwriter, it shall file with the CSRC within 10 working days from the date of first engaging in relevant business, and shall submit a report on the overseas issuance and listing business of domestic enterprises in the previous year to the CSRC before January 31 of each year.
(Daily Economic News)
