Sinolink Securities Co.Ltd(600109)
About Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) allotment and public offering of securities
of
Listing recommendation
Sponsor (lead underwriter)
March, 2002
Statement
Sinolink Securities Co.Ltd(600109) (hereinafter referred to as " Sinolink Securities Co.Ltd(600109) " or "recommendation institution") and its recommendation representative specifically responsible for the securities issuance and listing project have been in accordance with the company law of the people's Republic of China, the securities law of the people's Republic of China, the measures for the administration of securities issuance and listing recommendation business, the stock listing rules of Shenzhen Stock Exchange and other relevant laws and regulations, Be honest and trustworthy, be diligent and responsible, issue this listing recommendation letter in strict accordance with the business rules, industry practice norms and ethical standards formulated according to law, and ensure the authenticity, accuracy and integrity of the documents issued.
Sinolink Securities Co.Ltd(600109)
About Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970)
Letter of recommendation for the listing of allotted shares and publicly issued securities
Shenzhen Stock Exchange:
With the approval of China Securities Regulatory Commission (hereinafter referred to as "CSRC") zjxk [2021] No. 3203 document, Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) (hereinafter referred to as "company", "issuer" or " Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) ") is based on the total share capital of the company after the closing of Shenzhen Stock Exchange on February 15, 2022 (R), Allot shares to all shareholders in the proportion of 1.5 shares per 10 shares (hereinafter referred to as "this allotment" or "this issuance") Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) this allotment was published on February 11, 2022. The subscription payment was completed on February 22, 2022 and the capital verification was completed on February 25, 2022.
Sinolink Securities Co.Ltd(600109) as the sponsor and lead underwriter of Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) this allotment, we believe that Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) this allotment and listing comply with the relevant provisions of the company law of the people's Republic of China, the securities law of the people's Republic of China, the measures for the administration of securities issuance of listed companies and the stock listing rules of Shenzhen Stock Exchange, It is hereby recommended that the allotted shares be listed and traded in your exchange. The relevant information is reported as follows: I. overview of the issuer
(I) basic information of the issuer
Chinese Name: Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970)
English Name: Beijing Zhong Ke San Huan High Tech Co., Ltd
Registered address: 27th floor, building a 1, No. 66 Beijing Centergate Technologies (Holding) Co.Ltd(000931) East Road, Haidian District, Beijing
Date of establishment: July 23, 1999
Postal Code: 100190
Tel: 01062656017
Fax No.: 01062670793
Website of the issuer: www.san-huan.com com. cn.
Email: security@san -huan. com. cn.
Listing place: Shenzhen Stock Exchange
Stock abbreviation: Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970)
Stock Code: Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970)
Business scope: research and development, production, technical consultation and service of Nd-Fe-B permanent magnet materials and other new materials, and various rare earth permanent magnet application products; Technical development and production of industrial automation system and computer software and hardware products; Selling self-produced products; Ordinary freight. (the enterprise was a domestic funded enterprise before May 18, 2006 and changed to a foreign-invested enterprise on May 18, 2006; ordinary freight and projects subject to approval according to law shall carry out business activities according to the approved contents after being approved by relevant departments.)
(II) main business
The issuer is mainly engaged in the research, development, production and sales of high-performance magnetic materials and their application products, with sintered NdFeB magnetic materials and bonded NdFeB magnetic materials as the main products.
As the third generation of rare earth permanent magnet materials, Nd-Fe-B has better magnetic properties and cost performance than traditional permanent magnet materials. Therefore, after entering the 21st century, the global rare earth permanent magnet industry represented by sintered Nd-Fe-B magnetic materials has entered a period of rapid growth. At present, it has developed into an industry with the highest production capacity and the widest application in rare earth permanent magnet materials. With years of accumulated technical experience, superior product performance and good industry reputation, the issuer's products have been widely used in downstream application fields such as traditional vehicles, new energy vehicles, consumer electronics, energy-saving motors, speaker equipment, VCM and other industrial motors.
(III) financial situation
1. Main data of consolidated balance sheet
Unit: 10000 yuan
Project 2021 / 6 / 302020 / 12 / 312019 / 12 / 312018 / 12 / 31
Total assets 79935624709249196467246962926573
Total liabilities 24234437161422161082852410517198
Total equity of 47022297463878904574564544537616 owners belonging to the parent company
Total owner's equity 55701186547827025384394452409374
2. Main data of consolidated income statement
Unit: 10000 yuan
Project: January to June 2021, 2020, 2019, 2018
Operating income 27929669465210824034511641645414
Operating profit 1715522216984433229204004149
Project: January to June 2021, 2020, 2019, 2018
Total profit 1864690212512633249623989550
Net profit 1414875156700924514662978190
Net profit attributable to all 1154256129322120100582482879 of the parent company net of non recurring profit and loss
Net profit attributable to owners of parent company after 933876110267516703012393741
3. Main data of consolidated cash flow statement
Unit: 10000 yuan
Project from January to June 2021, 2020, 2019 and 2018
Net cash flow from operating activities -286126155606452914772139298
Net cash flow from investment activities -1647962 -25881843983835 -4953017
Net cash flow from financing activities: 3 Anhui Deli Household Glass Co.Ltd(002571) -448.84 -1161728 -776.55
Impact of exchange rate changes on cash and cash equivalents -292.60 -320384 -875.06 825.06
Net increase in cash and cash equivalents 1039223 -13973888026078 -2808868
4. Main financial indicators
(1) Main financial indicators
Project 2021 / 6 / 302020 / 12 / 312019 / 12 / 312018 / 12 / 31
Current ratio (Times) 2.64 3.38 4.53 4.57
Quick ratio (Times) 1.67 2.40 3.14 3.11
Asset liability ratio (parent company): 25.18%, 18.56%, 18.91%, 18.36%
Project from January to June 2021, 2020, 2019 and 2018
Accounts receivable turnover rate (times / year) 3.13 3.14 3.39 3.56
Inventory turnover rate (times / year) 2.54 2.68 2.22 2.18
R & D expenses account for 2.00%, 1.78%, 1.89% and 1.34% of operating revenue
EBITDA 263015335129824653030514227800 yuan
Interest cover ratio (Times) 26.56 26.13 30.23 62.34
Cash flow from operating activities per share -0.03 0.15 0.50 0.20 (yuan)
Net cash flow per share (yuan) 0.10 -0.13 0.75 -0.26
Note 1: the calculation formula of the above indicators is as follows:
1. Current ratio = current assets ÷ current liabilities;
2. Quick ratio = quick assets ÷ current liabilities;
3. Asset liability ratio = (total liabilities ÷ total assets) × 100%；
4. Turnover rate of accounts receivable = operating revenue / (closing book balance of accounts receivable + opening book balance of accounts receivable) ÷ 2);
5. Inventory turnover rate = operating cost ÷ average inventory balance;
6. Proportion of R & D expenses in operating revenue = R & D expenses / operating revenue;
7. EBITDA = total profit + interest expense + increase in depreciation of fixed assets + increase in amortization of intangible assets + increase in amortization of long-term deferred expenses;
8. Interest cover ratio = EBITDA ÷ interest expense;
9. Cash flow from operating activities per share = net cash flow from operating activities ÷ total shares at the end of the period;
10. Net cash flow per share = net increase in cash and cash equivalents ÷ total shares at the end of the period.
Note 2: the accounts receivable turnover rate and inventory turnover rate from January to June 2021 have been annualized.
(2) Return on net assets and earnings per share
January June 2021
Profit weighted average net asset earnings per share during the reporting period (yuan)
Yield (%) basic earnings per share diluted earnings per share
Net profit attributable to common shareholders of the company is 2.46 0
