A few days ago, Astro-Century Education & Technology Co.Ltd(300654) announced that the company added 298431 million shares, which will be listed on the growth enterprise market of Shenzhen Stock Exchange on March 28, 2022. The right will not be removed on the first day of listing, and there will be restrictions on the rise and fall of stock trading.
According to the announcement, 298431 million shares were issued to 10 specific objects, including Zhihong education, at an issue price of 8.18 yuan / share, with a total fund-raising of 244 million yuan and a net fund-raising of 236 million yuan. After the issuance, the equity distribution of the company meets the listing requirements of Shenzhen Stock Exchange and will not lead to the situation that does not meet the conditions for stock listing.
The announcement pointed out that the issuing objects include Beijing Zhihong Education Investment Co., Ltd., Li Tianhong, Zhang Jianfei, CAITONG Fund Management Co., Ltd. and four private securities investment funds. Among them, Zhihong education was allocated 127 million shares and 15.58 million shares, and the subscribed shares shall not be transferred within 36 months from the date of issuance; The shares subscribed by other issuers shall not be transferred within 6 months from the date of issuance. As of March 15, 2022, Zhihong education, as the largest shareholder of the company, holds 100.6 million shares, accounting for 47.48%.
According to the announcement, from January to September 2021, Astro-Century Education & Technology Co.Ltd(300654) achieved an operating income of 276 million yuan, and the net profit attributable to shareholders of listed companies was 17.769 million yuan, compared with 16.589 million yuan in 2020. The main reason for the decline in net profit is that the company has increased its R & D investment in “education content AI system”. The net cash outflow from operating activities during the period was 25.949 million yuan. As of September 30, 2021, the company’s cash and cash equivalents were 114 million yuan.
