Sanyang shares of the new third board company disclosed on December 29 that the company and Caitong Securities Co.Ltd(601108) signed the guidance agreement on public offering of shares to unspecified qualified investors and listing on the Beijing stock exchange. The company has submitted the application materials for guidance and filing of the company’s initial public offering and listing in Beijing stock exchange to Zhejiang securities regulatory bureau. The guidance organization is Caitong Securities Co.Ltd(601108) .
The audited net profits of Sanyang shares in 2019 and 2020 are RMB 13.7681 million and RMB 20.2424 million respectively (based on the lower one before and after deducting non recurring profits and losses), and the weighted average return on net assets are 28.32% and 30.21% 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.
(China Securities Network)
