Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd
Announcement on initial public offering and listing on GEM
Sponsor (lead underwriter): Sinolink Securities Co.Ltd(600109)
hot tip
According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of Weike technology is "C29 rubber and plastic products industry". As of December 24, 2021 (T-4), the average static P / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. is 27.87 times. The issuance price of 64.08 yuan / share corresponds to the issuer's diluted P / E ratio of net profit attributable to shareholders of the parent company before and after deducting non recurring profits and losses in 2020, which is 58.79 times higher than that of China Securities Index Co., Ltd. on December 24, 2021 The static average p / E ratio of the industry in the latest month released on (T-4) exceeded 110.94% (the lead underwriter) reminds investors to pay full attention to the risk factors contained in the pricing marketization, know that the stock may fall below the issue price after listing, effectively improve the risk awareness, strengthen the value investment concept, avoid blind speculation, carefully study and judge the rationality of the issue pricing, and make rational investment decisions.
Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd. (hereinafter referred to as "Weike technology", "issuer" or "company") in accordance with the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as the "measures") promulgated by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") The measures for the administration of the registration of initial public offerings on the gem (for Trial Implementation) (CSRC order [No. 167]) and the special provisions on the issuance and underwriting of initial public offerings on the gem (CSRC announcement [2021] No. 21) (hereinafter referred to as the "special provisions") are promulgated by Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange") Detailed rules for the implementation of IPO and underwriting business on the gem of Shenzhen Stock Exchange (revised in 2021) (SZS [2021] No. 919), detailed rules for the implementation of online IPO in Shenzhen market (SZS [2018] No. 279) (hereinafter referred to as "detailed rules for the implementation of online IPO") 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"), code for underwriting of initial public offerings under the registration system (zxsf [2021] No. 213) and rules for the Administration of offline investors of initial public offerings under the registration system issued by China Securities Association (Zhong Zheng Xie Fa [2021] No. 212), detailed rules for placement of initial public offering shares (Zhong Zheng Xie Fa [2018] No. 142) and other relevant provisions, as well as relevant stock issuance and listing rules and the latest operation guidelines of Shenzhen Stock Exchange, organize the implementation of initial public offering shares and plan to be listed on GEM.
The initial inquiry and offline issuance of this offering are conducted through the offline issuance electronic platform of Shenzhen Stock Exchange (hereinafter referred to as "offline issuance electronic platform") and the registration and settlement platform of China Securities Depository and Clearing Co., Ltd. Shenzhen Branch (hereinafter referred to as "China Securities Depository and clearing Shenzhen Branch"). For details of the initial inquiry and offline purchase, please refer to the website of Shenzhen Stock Exchange（ http://www.szse.cn. ）The published rules for the implementation of offline issuance and other relevant provisions. Offline investors are requested to carefully read this announcement and the detailed rules for the implementation of offline issuance. The online issuance of this issuance is carried out through the trading system of Shenzhen Stock Exchange by applying for purchase according to market value and pricing the issuance from public investors. Online investors are requested to carefully read this announcement and the implementation rules for online issuance.
This offering is applicable to the special provisions on the issuance and underwriting of initial public offerings on GEM (CSRC announcement [2021] No. 21) issued by China Securities Regulatory Commission on September 18, 2021 and the implementation rules for the issuance and underwriting of initial public offerings on gem of Shenzhen Stock Exchange (revised in 2021) issued by Shenzhen Stock Exchange (SZS [2021] No. 919) and the code for underwriting initial public offerings under the registration system (zxsf [2021] No. 213) issued by the China Securities Association invite investors to pay attention to the changes of relevant regulations, pay attention to investment risks, carefully study and judge the rationality of issuance pricing and make investment decisions rationally.
Investors are kindly requested to pay attention to the relevant provisions on the issuance method, call back mechanism, online and offline subscription and payment, disposal of share abandonment, suspension of issuance, etc., as follows:
1. After the preliminary inquiry, The issuer and the recommendation institution (lead underwriter) Sinolink Securities Co.Ltd(600109) (hereinafter referred to as "recommendation institution (lead underwriter)" or " Sinolink Securities Co.Ltd(600109) ") according to the preliminary inquiry and promotion announcement of Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd. on initial public offering and listing on GEM (hereinafter referred to as "preliminary inquiry and promotion announcement") ）According to the specified exclusion rules, after excluding the preliminary inquiry results of the quotation of investors who do not meet the requirements, all the placing objects whose proposed subscription price is higher than 85.00 yuan / share (excluding 85.00 yuan / share) are eliminated by consensus; all the placing objects whose proposed subscription price is 85.00 yuan / share and the number of subscribed shares is less than or equal to 2.8 million shares are eliminated.
In the above process, a total of 150 placing objects are excluded, and the total number of proposed subscriptions is 703.8 million shares, accounting for 1.0037% of the total number of proposed subscriptions after excluding invalid quotations in this preliminary inquiry. The excluded part shall not participate in offline and online subscription. Please refer to the part marked "high price rejection" in the attached table "preliminary inquiry and quotation".
2、 Issuer and sponsor (lead underwriter) according to the preliminary inquiry results, after excluding the part with the highest quotation in the total amount of proposed subscription, and comprehensively considering the factors such as effective subscription multiple, issuer fundamentals, industry, market conditions, valuation level of comparable listed companies in the same industry, demand for raised funds and underwriting risk, the issue price is determined to be 64.08 yuan / share. Offline issuance will not be accumulated Calculate bid inquiry.
Investors are requested to make online and offline subscription at this price on December 30, 2021 (t day), and there is no need to pay the subscription fund during subscription. The subscription date of this offline offering is the same as that of online subscription on December 30, 2021 (t day), in which the offline subscription time is 9:30-15:00, and the online subscription time is 9:15-11:30, 13:00-15:00.
3、 The issue price determined through negotiation between the issuer and the recommendation institution (lead underwriter) is 64.08 yuan / share. The issue price of this issue shall not exceed the median and weighted average of offline investors' quotation after excluding the highest quotation, as well as the securities investment fund established through public offering after excluding the highest quotation (hereinafter referred to as "public fund") and the national social security fund (hereinafter referred to as "social security fund"), basic endowment insurance fund (hereinafter referred to as "pension"), enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as "enterprise annuity fund") and insurance funds in accordance with the measures for the Administration of the use of insurance funds (hereinafter referred to as "insurance funds") ）The lower of the median or weighted average of the quotation. Relevant subsidiaries of the sponsor need not participate in follow-up investment. This issuance does not arrange strategic placement to other external investors. Finally, this issuance does not make directional placement to strategic investors. The difference between the initial strategic placement and the final strategic placement of 1.56 million shares will be transferred back to offline issuance.
Finally, this issuance is finally carried out by a 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").
4. Restriction period arrangement: among the stocks issued this time, the stocks issued online have no circulation restrictions and restriction period arrangement, and can be circulated from the date of listing of the stocks issued this time on the Shenzhen Stock Exchange.
The offline distribution part adopts the proportional sales restriction method, Offline investors shall promise 10% of the number of shares allocated to them (rounded up) the sales restriction period is 6 months from the date of the issuer's initial public offering and listing. That is, 90% of the shares allocated to each placing object have an unlimited sales period, which can be circulated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange; the sales restriction period of 10% of the shares is 6 months, which shall be calculated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange 。
When offline investors participate in the preliminary inquiry and quotation and offline subscription, they do not need to fill in the arrangement of the sales restriction period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online sales restriction period disclosed in this announcement.
5. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares on their behalf.
6. After the completion of online and offline subscription, the issuer and the sponsor (lead underwriter) will decide whether to start the callback mechanism and adjust the scale of offline and online issuance on December 30, 2021 (t day) according to the online subscription. For the specific arrangement of online and offline callback mechanism, see "II (V) online and offline callback mechanism" in this announcement.
7. For this issuance and subscription, any placing object can only choose offline issuance or online issuance for subscription. All placing objects participating in the preliminary inquiry, whether or not the quotation is valid, can no longer participate in the online issuance.
Investors who participate in online subscription can only use one securities account with market value. If the same investor uses multiple securities accounts to participate in the subscription of the same new share, CSDCC Shenzhen Branch will regard the subscription of the investor's first securities account with market value confirmed by the trading system of Shenzhen Stock Exchange as an effective subscription, and invalidate the other subscriptions. For each new share issue, each securities account can only be subscribed once. If the same securities account participates in the subscription of the same new share for many times, CSDCC Shenzhen Branch will make the first subscription confirmed by the trading system of Shenzhen Stock Exchange as a valid subscription.
8、 Offline investors shall, in accordance with the announcement on initial public offering and initial placement results of offline issuance of Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd. listed on the gem (hereinafter referred to as "announcement on initial placement results of offline issuance"), on January 4, 2022 Before 16:00 on (T + 2 day), pay the subscription funds for new shares in full and on time according to the final issue price and the preliminary placement quantity.
The subscription funds shall be paid in full within the specified time. If the subscription funds are not paid in full within the specified time or as required, all the new shares allocated to the placing object shall be invalid. If the above circumstances occur when multiple new shares are issued on the same day, all the new shares allocated to the placing object shall be invalid. If different placing objects share bank accounts, if the subscription funds are insufficient, all the new shares allocated to the placing objects sharing bank accounts will be invalid. Offline investors are allocated multiple new shares on the same day. Please pay for each new share separately.
After online investors win the lottery for new shares, The company shall fulfill the obligation of capital settlement in accordance with the announcement on the results of initial public offering of shares by Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd. and listing on the gem (hereinafter referred to as the "announcement on the results of online lottery") and ensure that its capital account is opened on January 4, 2022 There will be sufficient subscription funds for new shares on (T + 2) day, and the insufficient part will be deemed as abandoning the subscription. The resulting consequences and relevant legal liabilities shall be borne by the investors themselves. The transfer of investors' funds shall comply with the relevant regulations of the securities company where the investors are located.
The shares abandoned by offline and online investors shall be underwritten by the sponsor (lead underwriter).
9. When the total number of shares subscribed by offline and online investors is less than 70% of the number of public offerings, the issuer and the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
10. Offline investors and their managed placing objects shall strictly comply with the industry regulatory requirements of China Securities Association, reasonably determine the subscription amount, and the subscription amount filled in for the placing object in the inquiry and subscription links shall not exceed the total assets or capital scale of the placing object.
All the placing objects with valid quotation announced in this announcement must participate in offline subscription. If the offline investors who provide valid quotation fail to participate in the subscription or fail to subscribe in full, and the offline investors who obtain the preliminary placement fail to pay in full and in time, it will be deemed as a breach of contract and shall bear the liability for breach of contract, The sponsor (lead underwriter) shall report the breach of contract to the China Securities Association for the record. The number of violations of the placing object in the science and innovation board, gem and main board shall be calculated together. During the period when it is listed in the restricted list, the relevant placing object shall not participate in the offline inquiry and placement of relevant projects in the science and innovation board, gem and main board.
When online investors fail to pay in full after winning the lottery three times in a row within 12 months, The settlement participant shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated according to 180 natural days, including the next day) from the next day after the settlement participant last reported that it had given up the subscription. 11. The issuer and the sponsor (lead underwriter) solemnly reminds investors to pay attention to investment risks and invest rationally. Please carefully read the special announcement on investment risks of initial public offering and listing on gem of Xiamen Vico Jiangnan Mould & Plastic Technology Co.Ltd(000700) shares Co., Ltd. published in China Securities News, Shanghai Securities News, securities times and Securities Daily on December 29, 2021 (t-1) (hereinafter referred to as "special announcement on investment risk"), fully understand the market risk and prudently participate in this IPO.
Valuation and investment risk tips
New share investment has great market risks. Investors need to fully understand the risks of new share investment and gem market, carefully study the risks disclosed in the issuer's prospectus, fully consider the following risk factors, and prudently participate in this new share issuance.
1. The issue price is 64.08 yuan / share. Investors are requested to judge the rationality of the issue price according to the following conditions.
(1) According to the industry classification guidelines for listed companies (revised in 2012) issued by China Securities Regulatory Commission, the industry of Weike technology is "C29 rubber and plastic products industry". The static average p / E ratio of rubber and plastic products industry (C29) published by China Securities Index Co., Ltd. in the latest month is 27.87 times (as of December 24, 2021, T-4), please refer to investors when making decisions.
The issue price of 64.08 yuan / share corresponds to the lower of the issuer before and after deducting non recurring profits and losses in 2020
