The listing application of Audi Wei and Chenguang cable on the Beijing stock exchange was accepted

On December 30, the listing application materials of Audi Wei (832491, NQ) and Chenguang cable (834639, NQ) of the new third board company were accepted by Beijing stock exchange.

Audi Wei’s sponsor is Minsheng securities, or become the “first share of intelligent sensor in Beijing stock exchange”. According to the prospectus (application draft), the company is a high-tech enterprise specializing in the research, design, production and sales of intelligent sensors and actuators and related applications. Audi Wei is a company transferred from the science and innovation board to the Beijing stock exchange. On December 24, Audi Wei passed the listing guidance and acceptance of the Beijing stock exchange.

Audi Wei uses revenue related indicators to declare: the company’s operating revenue in 2019 and 2020 is 251 million yuan and 336 million yuan respectively, and the average operating revenue in the last two years is no less than 100 million yuan; The growth rate of operating revenue in 2020 is 33.48% compared with that in 2019; The net cash flow from operating activities in the latest year (2020) was 37.76 million yuan; It meets the operating revenue growth rate of not less than 30% in the most recent year, and the net cash flow from operating activities in the most recent year is positive, which meets the financial conditions for listing on the Beijing stock exchange specified in article 2.1.3 of the listing rules.

The prospectus (declaration draft) shows that the company plans to publicly issue no more than 36 million shares (including shares issued by exercising the over allotment option) to unspecified qualified investors and raise about RMB 332 million for high-performance ultrasonic sensor production line upgrading and capacity expansion projects, multi-layer tactile and feedback micro actuator development and industrialization projects and technology R & D center projects.

Chenguang cable is committed to the R & D, production and sales of wires and cables, specializing in the production of 500kV and below ultra-high voltage and high voltage power cables, medium and low voltage power cables, equipment wires and cables and overhead insulated cables.

It is reported that the main customers of the company’s products are national power, energy and other systems, including the State Grid and its subordinate provincial power grid companies, China Southern Power Grid, national and provincial key projects, etc. The company’s wire and cable products are widely used in many major engineering projects in China, such as Beijing Olympic Games, Beijing APEC project, Beijing Daxing International Airport, Beijing 2022 Winter Olympic Games, Shanghai World Expo, Shanghai Disney, Shenzhen Universiade, Shenyang National Games, Hangzhou G20 summit and so on.

According to the prospectus (application draft), the company plans to publicly issue no less than 1 million shares and no more than 46.6667 million shares (including the number of shares and excluding the over allotment option), raising about RMB 267 million for mineral insulated cable construction project, smart Chenguang intelligent interconnection construction project and supplementary liquidity.

(Daily Economic News)

 

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