On March 23, according to the official website of Shanghai Stock Exchange, Hangzhou fluorite Network Co., Ltd. (hereinafter referred to as "fluorite network") disclosed the reply to the first round of inquiry on the science and Innovation Board IPO. Among them, 27 issues such as the company's horizontal competition, asset independence and core technology were inquired by Shanghai Stock Exchange.
The prospectus shows that fluorite network is committed to becoming a reliable smart home service provider and cloud platform provider of the Internet of things. It is understood that fluorite network is a holding subsidiary of Hangzhou Hikvision Digital Technology Co.Ltd(002415) and this IPO constitutes A-share listing of Hangzhou Hikvision Digital Technology Co.Ltd(002415) spin off subsidiary.
In the first round of inquiry reply, the Shanghai Stock Exchange focused on whether fluorite network and Hangzhou Hikvision Digital Technology Co.Ltd(002415) constitute horizontal competition. According to the prospectus, before the establishment of fluorite network in March 2015, it was the Internet business center of Hangzhou Hikvision Digital Technology Co.Ltd(002415) ; The main products and services of fluorite network include smart home products and cloud platform services Hangzhou Hikvision Digital Technology Co.Ltd(002415) focuses on Intelligent Internet of things, big data services and intelligent services, and provides intelligent Internet of things products and services with software and hardware integration and cloud edge integration.
In this regard, the Shanghai stock exchange requires fluorite network to analyze in detail the business differences with Hangzhou Hikvision Digital Technology Co.Ltd(002415) from the aspects of main products, business model, core technology, customers, application scenarios, business model, competitive environment, etc. Demonstrate whether Hangzhou Hikvision Digital Technology Co.Ltd(002415) and fluorite network constitute horizontal competition.
In addition, up to now, fluorite network is still using Hangzhou Hikvision Digital Technology Co.Ltd(002415) production management system, R & D project management system, financial system, personnel management system, office system, etc., and will continue to be used; Both parties have agreed on the service life, price, account security measures, etc. through the system authorized use agreement. Shanghai stock exchange requires fluorite network to analyze whether it can effectively ensure the independence of the company's production, finance, personnel and business, and the effectiveness of relevant account isolation, data isolation and other measures when using the same set of production, finance, office, personnel management and office systems.
