Aoki Digital Technology Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
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.
Upon examination and approval of Shenzhen Stock Exchange, the RMB common shares issued by Aoki Digital Technology Co., Ltd. (hereinafter referred to as "the issuer" or "the company") will be listed on the gem of Shenzhen Stock Exchange on March 11, 2022, The full text of the listing announcement and the full text of the prospectus of the initial public offering of shares and listing on the gem are disclosed on the six designated information disclosure websites of 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.) And economic reference network (www.jjckb. CN.), QR code of the website: cninfo, for investors to check. 1、 Listing overview (I) stock abbreviation: Aoki shares (II) Stock Code: 301110 (III) total share capital after IPO: 66666667 million shares (IV) increased shares of IPO: 16666667 million shares II. Risk warning
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 industry of Aoki is "Internet and related services (i64)" (revised in 2012).
As of February 25, 2022, the static average p / E ratio of Internet and related services (i64) released by China Securities Index Co., Ltd. in the latest month was 20.56 times. As of February 25, 2022 (T-3), the valuation levels of comparable listed companies are as follows:
T-3 stock in 2020 minus the static market corresponding to the deduction in 2020. The securities in the static market corresponding to the deduction in 2020 are referred to as the closing price of the securities code (yuan / non front EPS non back EPS earnings ratio minus non front earnings ratio minus non back shares) (yuan / share) (yuan / share) (2020) (2020)
Baozun e-commerce bzun O 70.81 1.9624 - 36.08 -
Shanghai Lily&Beauty Cosmetics Co.Ltd(605136) Shanghai Lily&Beauty Cosmetics Co.Ltd(605136) . SH 20.35 0.8444 0.7687 24.10 26.47
Hangzhou Onechance Tech Corp(300792) Hangzhou Onechance Tech Corp(300792) . SZ 39.19 1.2991 1.1906 30.17 32.92
Guangzhou Ruoyuchen Technology Co.Ltd(003010) Guangzhou Ruoyuchen Technology Co.Ltd(003010) . SZ 18.61 0.7273 0.6661 25.59 27.94
Shanghai Kaytune Industrial Co.Ltd(301001) Shanghai Kaytune Industrial Co.Ltd(301001) . SZ 29.23 1.0576 0.9751 27.64 29.98
Average 26.87 29.33
Data source: wind, annual report of listed companies
Note: ① if there is mantissa difference in the calculation of P / E ratio, it is caused by rounding;
② As a US stock, baozun e-commerce has different valuation systems. Therefore, when calculating the arithmetic average value of P / E ratio of comparable companies
eliminate;
③ The closing price of baozun e-commerce T-3 was US $11.21, which was US $1 = 6.3164 according to the exchange rate on February 25, 2022
RMB, converted to RMB 70.81;
④ EPS before / after deduction of non recurring profit and loss in 2020 = net profit attributable to parent company before / after deduction of non recurring profit and loss in 2020 / total share capital on T-3 day;
⑤ Corresponding static P / E ratio before / after deduction (2020) = T-3 closing price / EPS before / after deduction in 2020.
The issuance price of 63.10 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 34.25 times higher than the average static P / E ratio of comparable listed companies after deducting non recurring profits and losses in 2020, with an excess range of 16.77%.
Compared with comparable companies, Aoki shares has the following advantages: ① from 2018 to 2020, the compound annual growth rate of operating revenue and net profit attributable to parent company is faster than that of comparable companies; ② The company has set up an omni-channel IT system, electronic operation of the whole process, and refined crowd operation in combination with consumer data. According to the disclosure in the prospectus of Aoki, the number of software copyrights of the company is more than Hangzhou Onechance Tech Corp(300792) , Shanghai Lily&Beauty Cosmetics Co.Ltd(605136) , Guangzhou Ruoyuchen Technology Co.Ltd(003010) , Shanghai Kaytune Industrial Co.Ltd(301001) . The software copyrights of the company include "data mill", "Aoki OMS" "Aoki Xiaobai" and other systems can provide more professional and efficient overall solutions for brands; ③ The company is the first service provider with both tmall six star qualification and tmall international Purple Star qualification, both of which are the highest level of tmall platform, and won the "tmall six star service provider" and "tmall international purple star service provider" in 2021.
The issuance price of 63.10 yuan / share corresponds to the issuer's diluted P / E ratio of net profit attributable to the parent before and after deducting non recurring profits and losses in 2020, which is 34.25 times, which is higher than the average static P / E ratio of the industry in the latest month published by China Securities Index Co., Ltd. and higher than the average static P / E ratio of comparable companies after deducting non recurring profits and losses in 2020, 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 decisions rationally. III Contact information (I) issuer: Aoki Digital Technology Co., Ltd. legal representative: Lv Bin contact address: unit 001, No. 32 South Donghai street, Fenghe Jiangbei Village, Haizhu District, Guangzhou contact person: Li Keya contact number: 02080929898 (II) sponsor (lead underwriter) : China Industrial Securities Co.Ltd(601377) legal representative: Yang Huahui contact address: 10th floor, China Industrial Securities Co.Ltd(601377) building, No. 36, Changliu Road, Pudong New Area, Shanghai contact person: Lin Yue contact number: 02120370631
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Aoki Digital Technology Co., Ltd. on its initial public offering and listing on the GEM)
Issuer: Aoki Digital Technology Co., Ltd
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Aoki Digital Technology Co., Ltd. on its initial public offering and listing on the GEM)
Sponsor (lead underwriter): China Industrial Securities Co.Ltd(601377) mm / DD / yyyy
