Shenzhen kangguan Technology Co., Ltd
IPO announcement
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.
The offline issuance of kangguan technology's initial public offering shares adopts the offline issuance electronic platform of Shenzhen stock exchange for issuance and placement. Offline investors are requested to carefully read the detailed rules for the implementation of offline issuance. The online issuance is carried out through the trading system of Shenzhen Stock Exchange by means of subscription and pricing according to the market value. Online investors are requested to carefully read this announcement and the detailed rules for the implementation of online issuance published by Shenzhen Stock Exchange.
Investors are kindly requested to focus on the issuance process, subscription, payment and disposal of share abandonment. The details are as follows:
1. The issuer and the recommendation institution (lead underwriter) Chinalin Securities Co.Ltd(002945) (hereinafter referred to as " Chinalin Securities Co.Ltd(002945) " or "recommendation institution (lead underwriter)") negotiated and determined the issue price of 48.84 yuan / share based on the preliminary inquiry results and taking into account the issuer's fundamentals, market conditions, the valuation level of Listed Companies in the same industry, the demand for raised funds and underwriting risks, Offline issuance will no longer conduct cumulative bidding inquiry.
Investors are requested to purchase online and offline at this price on March 8, 2022 (t day)
There is no need to pay the subscription fund. 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. According to the inquiry results after excluding the invalid quotation, the issuer and the recommendation institution (lead underwriter) shall quote the quotation of all qualified placing objects from high to low according to the declared price, and 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.
3. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares.
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 sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
7. If the offline investors with valid quotation fail to participate in the subscription or the offline investors who have obtained the preliminary placement fail 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 submit 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.
The issuer and the recommendation institution (lead underwriter) solemnly remind investors to pay attention to investment risks and be rational
For investment, carefully read this announcement and it was published in China Securities Journal on March 7, 2022 (t-1)
Shanghai Securities News, securities times, securities daily and cninfo (www.cn. Info. Com. CN.) Shenzhen kangguan Technology Co., Ltd. fully understood the market risks and prudently participated in the IPO.
Valuation and investment risk tips
1. According to the industry classification guidelines for listed companies issued by the CSRC, the issuer's industry is C39 "computer, communication and other electronic equipment manufacturing industry". The average static P / E ratio of the industry published by China Securities Index Co., Ltd. in the latest month is 44.30 times (as of March 2 (T-4) 2022). Please refer to it when making decisions. The price of this offering is 48.84 yuan / share, and the corresponding P / E ratio is 22.99 times (the earnings per share is calculated by dividing the net profit attributable to the shareholders of the parent company in 2021 before and after deducting non recurring profits and losses audited by the accounting firm in accordance with Chinese accounting standards by the total share capital after this offering), It is lower than the static average p / E ratio of the industry in the latest month released by the China Securities Index Company on March 2, 2022.
Investment in new shares has great market risks. Investors need to fully understand the risks of investment in new shares, carefully study the risks disclosed in the issuer's prospectus, fully consider risk factors and prudently participate in this new share issuance.
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, and does not constitute the profit forecast or commitment of the company.
3. According to the preliminary inquiry results, after negotiation between the issuer and the sponsor (lead underwriter), the public offering of 424875 million new shares is not subject to the transfer of old shares. The total amount of funds required by the issuer for this raised investment project is 199996900 yuan. Based on the issuance price of 48.84 yuan / share and the issuance of 424875 million new shares, the total amount of funds raised is expected to be 2075089500 yuan. After deducting the issuance expenses of 751205 million yuan, the net amount of funds raised is expected to be 19999900 yuan.
4. If the issuer's raised funds are not used properly or the business cannot grow synchronously in the short term, it will have an adverse impact on the issuer's profitability or there is a risk of a significant decline in the issuer's return on net assets, resulting in a decline in the issuer's valuation level and stock price, resulting in the risk of investment loss to investors.
Important tips
1. The application of Shenzhen kangguan Technology Co., Ltd. for the initial public offering of no more than 424875 million common shares (A shares) (hereinafter referred to as "this offering") has been approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") zjxk [2022] No. 375. The stock of Shenzhen kangguan Technology Co., Ltd. is abbreviated as "kangguan technology" and the stock code is "001308". The abbreviation and code are used for online and offline subscription of this issuance at the same time. The shares issued this time are planned to be listed on Shenzhen Stock Exchange.
The total amount of this public offering is 424875 million shares, all of which are new shares without the transfer of old shares. Before the launch of the call back mechanism, the initial number of offline shares issued this time was 297415 million, accounting for 70.00% of the total issued this time; The initial number of shares issued online was 12.746 million, accounting for 30.00% of the total issued this time.
2. This offering is conducted through 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 offline cumulative bidding will not be conducted. 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, and the online issuance shall be conducted through the trading system of Shenzhen Stock Exchange.
3. The preliminary inquiry of this offering was completed on March 2, 2022 (T-4). According to the inquiry results after excluding the invalid quotation, the issuer and the recommendation institution (lead underwriter) shall quote the quotation of all qualified placing objects from high to low according to the declared price, and 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.
The issuer and the sponsor (lead underwriter) negotiated and determined that the offering price is 48.84 yuan / share, and the price earnings ratio corresponding to this price is:
(1) 20.56 times (earnings per share is calculated by dividing the net profit attributable to the shareholders of the parent company in 2021 before and after deducting non recurring profits and losses audited by the accounting firm in accordance with Chinese accounting standards by the total share capital before this issuance);
(2) 22.99 times (earnings per share is calculated by dividing the net profit attributable to the shareholders of the parent company in 2021 before and after deducting non recurring profits and losses audited by the accounting firm in accordance with Chinese accounting standards by the total share capital after this issuance).
4. If the offering is successful, the total amount of funds raised by the issuer will be 2075089500 yuan, and the net amount of funds raised will be 199996900 yuan. The use plan and other relevant information of the issuer's raised funds have been disclosed in the prospectus for the initial public offering of Shenzhen kangguan Technology Co., Ltd. on March 7 (t-1) 2022. The full text of the prospectus can be found on http://www.cn.info.com.cn Query. 5. The offline and online subscription date of this offering is March 8, 2022 (t day). Any placing object can only choose offline or online.
(1) Offline subscription
The offline subscription time is: 9:30-15:00 on March 8, 2022 (t day).
The placing objects managed by offline investors who submit valid quotations during the preliminary inquiry can and must participate in offline subscription. Offline investors shall provide services for them through the offline issuance electronic platform
