China Automotive Research Institute Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
Sponsor (lead underwriter): China Galaxy Securities Co.Ltd(601881)
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
With the approval of Shenzhen Stock Exchange, the RMB common shares issued by China Automotive Research automotive testing ground Co., Ltd. (hereinafter referred to as “the issuer” or “the company”) will be listed on the gem of Shenzhen Stock Exchange on March 8, 2022, The full text of the listing announcement and the prospectus of the initial public offering of shares are disclosed on the information disclosure website designated by the CSRC: http://www.cn.info.com.cn China Securities Network (www.cs. Com. CN.) China Securities Network (www.cn. Stock. Com.) Securities Times (www.stcn. Com.) Securities Daily (www.zqrb. CN.), For investors to consult.
QR code of web page: cninfo.com I. listing overview
(I) stock abbreviation: China Automobile Corporation
(II) Stock Code: 301215
(III) total share capital after IPO: 1322.4 million shares
(IV) increased shares from initial public offering: 330.6 million shares
The company’s shares will be listed on the growth enterprise market of Shenzhen Stock Exchange, which has high investment risk. GEM companies have the characteristics of unstable performance, high operation risk and high delisting risk, and investors are facing greater market risk. Investors should fully understand the investment risks of the gem and the risk factors disclosed by the company, and make investment decisions prudently.
The offering price is 3.80 yuan / share, which does not exceed the median and weighted average of offline investors’ quotations after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as “public fund”) and the National Social Security Fund (hereinafter referred to as “social security fund”) established through public offering after excluding the highest quotation The lower of the median and weighted average of the quoted prices of the basic endowment insurance fund (hereinafter referred to as “pension”), the enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as “enterprise annuity fund”) and the insurance fund (hereinafter referred to as “insurance fund”) in accordance with the measures for the administration of the use of insurance funds.
According to the guidelines for Industry Classification of listed companies (revised in 2012) of the CSRC, the industry of the issuer is “M74 professional and technical service industry”. As of February 18, 2022 (T-4), the average static P / E ratio of “M74 professional and technical service industry” released by China Securities Index in the latest month was 32.41 times.
As of February 18, 2022 (T-4), the P / E ratio of listed companies whose main business is similar to that of the issuer is as follows:
In 2020, deduct the static securities code corresponding to the T-4 day shares deducted in 2020. The securities are referred to as non front EPS and non back EPS. The closing price P / E ratio – deduct P / E ratio – deduct (yuan / share) (yuan / share) (yuan / share) is not front and not back
(2020) (2020)
China Automotive Engineering Research Institute Co.Ltd(601965) .SH China Automotive Engineering Research Institute Co.Ltd(601965) 0.5645 0.4972 15.23 26.98 30.63
Guangzhou Grg Metrology&Test Co.Ltd(002967) .SZ Guangzhou Grg Metrology&Test Co.Ltd(002967) 0.4092 0.2570 22.21 54.28 86.43
Arithmetic average 40.63 58.53
Data source: wind information, data as of February 18, 2022
Note 1: there may be mantissa difference in the calculation of P / E ratio, which is caused by rounding.
Note 2: EPS before / after deduction of non recurring profit and loss in 2020 = net profit attributable to the parent before / after deduction of non recurring profit and loss in 2020 / total share capital on T-4 day. The issuer’s audited diluted P / E ratio of net profit attributable to shareholders of the parent company in 2020, which is lower before and after deducting non recurring profits and losses, corresponding to the issuance price of 3.80 yuan / share, is 53.60 times, which is 58.53 times lower than the arithmetic average value of the static p / E ratio of comparable listed companies (as of February 18, 2022) after deducting non recurring profits and losses in 2020, However, it is 32.41 times higher than the average static P / E ratio of “M74 professional and technical service industry” released by China Securities Index Co., Ltd. on February 18, 2022. There is a risk that the decline of the issuer’s share price will bring losses to investors in the future.
There is a risk that the net asset scale will increase significantly due to the acquisition of raised funds, which will have an important impact on the issuer’s production and operation mode, operation management and risk control ability, financial status, profitability and long-term interests of shareholders. The issuer and the recommendation institution (lead underwriter) remind investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment rationally. 3、 Contact information
(I) contact address and telephone number of the issuer
Issuer: China Automotive Research automobile testing ground Co., Ltd
Contact address: Dafenggang Economic Zone, Dafeng District, Yancheng City, Jiangsu Province
Contact: Xia Xiuguo
Tel: 051569860935
Fax: 051569860935
(II) contact address and telephone number of the recommendation institution and the recommendation representative
Sponsor (lead underwriter): China Galaxy Securities Co.Ltd(601881)
Sponsor representatives: Wang Jianlong, Liu Weibin
Contact address: 101, floors 7-18, building 1, yard 8, Xiying street, Fengtai District, Beijing
Tel: 01080927503
Fax: 01080928640
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(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of the initial public offering of shares and listing on the gem of China Automotive Research automobile testing ground Co., Ltd.)
China Automotive Research automotive testing ground Co., Ltd. mm / DD / yyyy
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of the initial public offering of shares and listing on the gem of China Automotive Research automobile testing ground Co., Ltd.)
China Galaxy Securities Co.Ltd(601881) mm / DD / yyyy
