Securities: Xinjiang Daqo New Energy Co.Ltd(688303)
Xinjiang Daqo New Energy Co.Ltd(688303)
(No. 16, Weiliu Road, new chemical materials Industrial Park, Shihezi Economic Development Zone, Xinjiang Uygur Autonomous Region) issued A-Shares to specific objects in 2022
Prospectus
(declaration draft)
Sponsor (lead underwriter)
(27th and 28th floors, building 2, international trade office building, No. 1 Jianguomenwai street, Beijing)
March, 2002
Company statement
1. The company and all directors, supervisors and senior managers promise that there are no false records, misleading statements or major omissions in the prospectus and other information disclosure materials, and bear corresponding legal liabilities for their authenticity, accuracy and completeness.
2. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization shall ensure that the financial and accounting materials in the prospectus are true and complete.
3. Any decision or opinion made by the CSRC and the exchange on this issuance does not indicate that they guarantee the authenticity, accuracy and integrity of the application documents and the information disclosed, nor do they indicate that they make substantive judgment or guarantee on the profitability, investment value of the issuer or the income of investors. Any statement to the contrary is a false statement.
4. According to the provisions of the securities law, the issuer shall be responsible for the changes in the operation and income of the issuer after the securities are issued according to law. Investors independently judge the investment value of the issuer, make investment decisions independently, and bear the investment risks caused by changes in the operation and income of the issuer or changes in the price of securities after the issuance of securities according to law.
catalogue
The company declares that 1 catalog 2 interpretation 4 I. Basic information of the issuer eight
(I) basic information of the issuer eight
(II) ownership structure, controlling shareholders and actual controllers eight
(III) main characteristics of the industry and industry competition ten
(IV) main business models, main contents of products or services seventeen
(V) the level of scientific and technological innovation and the mechanisms or measures to maintain the ability of scientific and technological innovation twenty-two
(VI) existing business development arrangements and future development strategies 27 II. Summary of this securities offering twenty-seven
(I) background and purpose of this offering twenty-seven
(II) issuing object and relationship with the issuer twenty-nine
(III) the price or pricing method of the issued securities, the number of issued securities, and the sales restriction period thirty
(IV) the raised funds are invested in thirty-one
(V) whether this issuance constitutes a connected transaction thirty-one
(VI) whether this issuance will lead to changes in the company’s control thirty-two
(VII) the approval of the issuance plan by relevant competent authorities and the procedures to be submitted for approval 32 III. feasibility analysis of the board of directors on the use of the raised funds thirty-two
(I) overview of the project invested by the raised funds thirty-two
(II) basic information and business prospects of the project invested by the raised funds thirty-three
(III) description of the main business of the raised funds invested in the field of scientific and technological innovation 40 (Ⅳ) the investment project of the raised funds involves the approval, approval or filing of project initiation, land, environmental protection and other related matters
The situation of forty-one
(V) use of raised funds for R & D investment 42 IV. discussion and analysis of the board of directors on the impact of this issuance on the company forty-two
(I) after the completion of this offering, the change or integration plan of the business and assets of the listed company forty-two
(II) changes in the scientific research and innovation ability of listed companies after the completion of this offering forty-two
(III) changes in the control structure of listed companies after the completion of this offering 42 (IV) after the completion of this offering, the listed company and the issuing object, as well as the controlling shareholder and actual controller of the issuing object
There is horizontal competition or potential horizontal competition in the business (V) after the completion of this offering, the listed company and the issuing object, as well as the controlling shareholder and actual controller of the issuing object
Possible related party transactions 43 v. risk factors related to this offering 43 (I) factors that may have a significant adverse impact on the company’s core competitiveness, business stability and future development 43
(II) factors that may lead to the failure of this offering or insufficient funds raised fifty
(III) factors that may have a significant adverse impact on the implementation process or implementation effect of this raised investment project Vi. statements related to this offering fifty-two
(I) statement of all directors, supervisors and senior managers of the issuer fifty-two
(II) statement of the controlling shareholder and actual controller of the issuer fifty-six
(III) sponsor’s statement fifty-eight
(IV) the issuer’s lawyer declares that sixty-one
(V) statement of the accounting firm sixty-two
(VI) statement of the board of directors of the issuer sixty-three
interpretation
In this prospectus, unless the context otherwise requires, the following abbreviations have the following meanings: the company / the company / the issuer / listed company / refers to Xinjiang Daqo New Energy Co.Ltd(688303) , or sometimes refers to the all energy issuer and subsidiaries within the consolidation scope as the context requires
Actual controllers refer to Xu Guangfu and Xu Xiang
Cayman Daquan refers to daqo New Energy Corp., a company listed on the New York Stock Exchange and the controlling shareholder of the issuer. The stock code is DQ
Chongqing Daquan refers to Chongqing Daquan new energy Co., Ltd., the holding subsidiary of Cayman Daquan and the shareholder of the issuer
Inner Mongolia Daquan refers to Inner Mongolia Daquan new energy Co., Ltd., a wholly-owned subsidiary of the issuer
Ordinary shares registered with the China Securities Regulatory Commission, issued to domestic investors, listed on the domestic securities exchange A-share index, marked with the par value of the shares in RMB, subscribed and traded in RMB
This issuance of A-Shares to specific objects / this Xinjiang Daqo New Energy Co.Ltd(688303) intends to issue A-Shares not exceeding 30% of the total share capital of the company before this issuance to no more than 35 specific investors (or according to the number of shares issued by the object / this issuance limit specified by laws and regulations at the time of issuance / this issuance limit) in the form of issuing shares to specific objects / this intends to issue A-Shares to specific objects / this time
CSRC refers to the China Securities Regulatory Commission
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
Company law means the company law of the people’s Republic of China and its amendments from time to time
Securities Law means the securities law of the people’s Republic of China and its amendments from time to time
Shanghai stock exchange refers to Shanghai Stock Exchange
Audit institution: Deloitte Touche Tohmatsu (special general partnership)
The reporting period refers to 2019, 2020 and 2021
Board of directors means Xinjiang Daqo New Energy Co.Ltd(688303) board of directors
Board of supervisors refers to Xinjiang Daqo New Energy Co.Ltd(688303) board of supervisors
General meeting of shareholders refers to Xinjiang Daqo New Energy Co.Ltd(688303) general meeting of shareholders
This prospectus refers to the prospectus for issuing A-Shares to specific objects in Xinjiang Daqo New Energy Co.Ltd(688303) 2022
Pricing base date refers to the base date for calculating the issue reserve price
National Development and Reform Commission refers to the national development and Reform Commission of the people’s Republic of China
CPIA refers to China Photovoltaic Industry Association
Silicon branch refers to the silicon branch of China Nonferrous Metals Industry Association
Irena refers to the International Renewable Energy Agency
Cecep Solar Energy Co.Ltd(000591) refers to Cecep Solar Energy Co.Ltd(000591) which is the most important basic energy among all kinds of renewable energy. As one of renewable energy, it refers to the direct transformation and utilization of Cecep Solar Energy Co.Ltd(000591)
A technology that directly converts light energy into electrical energy by using the photovoltaic effect at the semiconductor interface.
The photovoltaic power generation system is mainly composed of Cecep Solar Energy Co.Ltd(000591) battery module, control photovoltaic / photovoltaic power generation indicator and inverter. The photovoltaic cells are encapsulated and protected after being connected in series, which can form a large area of Cecep Solar Energy Co.Ltd(000591) battery module, and then combined with power controller and other components to form a photovoltaic power generation device
Semiconductor materials guide materials with electrical capacity between conductors and insulators
Silicon refers to a chemical element, the element symbol Si. Silicon is the second most abundant element on earth after oxygen. It is widely used in electronics, photovoltaic, construction and other industries
Crystalline silicon refers to crystalline silicon materials, including polycrystalline silicon and monocrystalline silicon
A form of monocrystalline silicon, which is composed of polycrystalline polycrystalline silicon and silicon material fingers with a certain size. The crystal orientation of each silicon grain is different. Polycrystalline silicon is the main raw material of photovoltaic cells and semiconductor equipment. According to the purity, polysilicon can be divided into Cecep Solar Energy Co.Ltd(000591) grade (photovoltaic grade) polysilicon and electronic grade (semiconductor grade) polysilicon
Materials for monocrystalline silicon wafer refer to polycrystalline silicon products used for drawing monocrystalline silicon and producing monocrystalline silicon wafer
Polycrystalline silicon wafer material refers to polycrystalline silicon products used for polycrystalline ingot casting and production of polycrystalline silicon wafer
Industrial silicon powder and silicon powder refer to the products made by smelting silicon ore and carbonaceous reducing agent in submerged arc furnace. The main component is silicon, which is the main raw material of the company
Raw salt refers to the salt that has only been preliminarily dried or boiled. It generally contains more impurities and is widely used
