On December 28, the new third board company Ethan new material disclosed that the company and Zhongtai Securities Co.Ltd(600918) signed the guidance agreement on the public offering and listing of Qingdao Ethan New Material Co., Ltd. on the Beijing stock exchange. On December 28, Qingdao Securities Regulatory Bureau accepted the application materials submitted by the company for public offering of shares to unspecified QFII and listing in Beijing stock exchange.
Ethan new material’s main business is the production and sales of eSUN hydrocarbon petroleum resin. The audited net profit attributable to the shareholders of the listed company in 2020 (based on the lower one before and after deducting non recurring profits and losses) was 973400 yuan and 1543800 yuan respectively, and the weighted average return on net assets was 2.70% and 4.15% respectively, which is not in line with Article 2.1 of the listing rules The financial conditions for listing on the Beijing stock exchange specified in Article 3.
At present, the company is listed at the basic level. It can apply for public offering of shares and be listed on the Beijing stock exchange only after entering the innovation level. The company has the risk of being unable to report because it fails to enter the innovation level.
(Shanghai Securities News · China Securities Network)
