China International Capital Corporation Limited(601995)
About Anhui Estone Materials Technology Co.Ltd(688733)
2021 continuous supervision and tracking report
In accordance with the provisions of relevant laws and regulations such as the measures for the administration of securities issuance and listing recommendation business, the Listing Rules of science and Innovation Board of Shanghai Stock Exchange, the guidelines for self discipline supervision of listed companies of Shanghai Stock Exchange No. 11 - continuous supervision, China International Capital Corporation Limited(601995) (hereinafter referred to as " China International Capital Corporation Limited(601995) " or "recommendation institution") acts as a recommendation institution for the continuous supervision of Anhui Estone Materials Technology Co.Ltd(688733) (hereinafter referred to as " Anhui Estone Materials Technology Co.Ltd(688733) " or "company"), Be responsible for the continuous supervision after Anhui Estone Materials Technology Co.Ltd(688733) listing, and issue this annual report on continuous supervision. 1、 Continuous supervision
No. work content and continuous supervision
Establish, improve and effectively implement the continuous supervision system, and have established and effectively implemented the continuous supervision work for specific sponsor institutions, formulated corresponding work plans, continuous supervision system and corresponding work plans
According to the relevant provisions of the CSRC, before the continuous supervision, Baoji 2 company or relevant parties have signed the continuous supervision agreement with the sponsor and Anhui Estone Materials Technology Co.Ltd(688733) to clarify the rights and obligations of both parties during the period of continuous supervision, which defines the rights and obligations of both parties during the period of continuous supervision and is reported to Shanghai stock exchange for filing
And report to Shanghai stock exchange for the record
Through daily communication, regular 3 communication, regular return visit, on-site visit, due diligence and other means, the sponsor has held or irregular return visit, on-site inspection and other ways to understand Anhui Estone Materials Technology Co.Ltd(688733) business conditions and carried out continuous supervision on Anhui Estone Materials Technology Co.Ltd(688733) business
During the period of continuous supervision, the listed company's violations of laws and regulations in 2021 Anhui Estone Materials Technology Co.Ltd(688733) are under continuous supervision in accordance with relevant regulations
4. The statement of the development form shall be reported to the Shanghai Stock Exchange before disclosure, and there are no violations of laws and regulations that require the sponsor to make a public statement on the designated media after the examination of the Shanghai Stock Exchange
During the period of continuous supervision, the listed company or relevant parties violate laws and regulations
For matters such as breach of commitment, Anhui Estone Materials Technology Co.Ltd(688733) is under continuous supervision in 2021 within five working days from the date of discovery or discovery
5. Report to the Shanghai Stock Exchange, including the specific circumstances of the listed company or the relevant period in which there is no violation of laws and regulations or violation of commitments, and the recommendation promise
Supervision measures taken by the person
During the period of continuous supervision, the recommendation institution shall supervise Anhui Estone Materials Technology Co.Ltd(688733) and its directors, supervisors, senior supervisors, listed companies and their directors, supervisors and senior managers to abide by laws, and senior managers to abide by laws, regulations and 6 regulations The departmental rules, the business rules and other regulations issued by Shanghai Stock Exchange, the departmental rules and the model documents issued by Shanghai Stock Exchange, and earnestly fulfill the commitments made by them, the business rules and other normative documents issued by Shanghai Stock Exchange, and earnestly fulfill the commitments made by them
No. work content and continuous supervision
Supervise listed companies to establish, improve and effectively implement the corporate governance system, including but the recommendation institution urges Anhui Estone Materials Technology Co.Ltd(688733) to improve the corporate governance system and the code of conduct of directors and senior managers in accordance with the relevant 7 but not limited to the rules of procedure of the general meeting of shareholders, the board of directors and the board of supervisors and the regulations of directors and supervisors, and strictly implement the corporate governance system
Supervise listed companies to establish, improve and effectively implement the internal control system, including but not limited to the sponsor's internal control system of Anhui Estone Materials Technology Co.Ltd(688733) the financial management system, accounting system and internal audit system, as well as the design, implementation and effectiveness of raising funds, and carry out 8 sets of fund use, related transactions, external guarantee, external investment, and verification of subsidiaries, Anhui Estone Materials Technology Co.Ltd(688733) 's internal control system meets the requirements of relevant laws and regulations such as the procedures and rules of major business decisions such as the company's control, and has been effectively implemented, which can ensure the standardized operation of the company
Supervise listed companies to establish, improve and effectively implement the information disclosure system, review the letter recommendation institutions, urge Anhui Estone Materials Technology Co.Ltd(688733) to strictly implement the 9-interest disclosure documents and other relevant documents, and have sufficient reasons to believe that the information disclosure system of listed companies, review the documents submitted by information disclosure to Shanghai Stock Exchange, and there are no false records, misleading documents and other relevant documents
Statement or material omission
Information disclosure documents of listed companies and their reports to China Securities Regulatory Commission and Shanghai Securities Exchange
Other documents submitted by Yi shall be reviewed in advance and the information with problems shall be disclosed
The listed company shall be urged to correct or supplement the disclosure documents in time. If the listed company does not correct or supplement the information disclosure of Anhui Estone Materials Technology Co.Ltd(688733) by the recommendation institution, it shall report to the Shanghai Stock Exchange in time; After reviewing the listing documents, if there are no information disclosure documents of listed 10 companies that have not been reviewed in advance, the review of relevant documents shall be completed within five trading days after the listed company performs the obligation of upward information disclosure instead of correction or supplement
For the information disclosure documents with problems, the listed company shall be urged to make more progress in a timely manner
If the listed company fails to make corrections or supplements, it shall report to Shanghai Securities Regulatory Commission in time
Stock exchange report
Pay attention to the listed company or its controlling shareholders, actual controllers, directors, supervisors, in 2021, Anhui Estone Materials Technology Co.Ltd(688733) and its 11 senior managers were subject to administrative punishment by the CSRC and more than 5% of the shareholders, directors and supervisors of Shanghai Stock Exchange
In case of disciplinary action or supervision concern letter issued by Shanghai Stock Exchange, the matter and senior managers have not occurred, and urge them to improve the internal control system and take measures to correct the matter
In 2021, we will continue to pay attention to the fulfillment of commitments by listed companies, controlling shareholders and actual controllers, Anhui Estone Materials Technology Co.Ltd(688733) and its shareholding of 12. If more than 5% of shareholders of listed companies, controlling shareholders and actual controllers do not have outstanding commitments, they will report the commitments to Shanghai Stock exchange in time
Pay attention to the reports of public media on listed companies and timely respond to market rumors
Check.
After verification, it is found that the listed company has major problems that should be disclosed but not disclosed. In 2021, it is verified by the recommendation institution
13. In case of any matter or information inconsistent with the disclosed information and the facts, timely urge the listed company to disclose or clarify to Shanghai Securities if there is no such matter; If the listed company does not disclose or clarify, it shall timely report the situation to the exchange
Report to Shanghai Stock Exchange
In case of any of the following circumstances, the listed company shall be urged to make explanations and make corrections within a time limit
At the same time, report to Shanghai Stock Exchange: (I) suspected of violating the listing
Rules and other relevant business rules; (II) securities service institutions and their signatories
14. There may be false records, misleading statements or major errors in the professional opinions issued by the staff member, and Anhui Estone Materials Technology Co.Ltd(688733) there is no violation of laws and regulations or other improper circumstances such as such omissions in 2021; (III) other situations of the company
Circumstances stipulated in articles 71 and 72 of the recommendation measures;
(IV) the company does not cooperate with the continuous supervision; (V) Shanghai Stock Exchange
Or other circumstances that the sponsor deems necessary to report
Formulate the on-site inspection plan for listed companies and clarify the on-site inspection work
Requirements to ensure the quality of on-site inspection. A listed company is under the following circumstances:
1. The sponsor shall, within 15 days or more from the date when it knows or should know
15. Conduct special on-site audit on listed companies within the time limit required by the Shanghai Stock Exchange. In 2021, Anhui Estone Materials Technology Co.Ltd(688733) does not exist to be checked; (I) suspected of major financial fraud; (II) the controlling shareholder, the controller and its related persons are suspected of fund occupation in case of special on-site inspection; (III) there may be significant
Illegal guarantee; (IV) controlling shareholders, actual controllers and their affiliates and directors
The directors, supervisors or senior managers are suspected of embezzling the interests of the listed company;
No. work content and continuous supervision
(V) there are significant abnormalities in capital transactions or cash flows; (VI) the exchange or
Other matters that the sponsor believes should be subject to on-site verification
2、 Problems found by the recommendation institution and the recommendation representative and their rectification
None. 3、 Major risk matters
During this continuous supervision period, the main risk factors faced by the company are as follows:
(I) core competitiveness risk
The boehmite products of the company are mainly used for coating the separator and pole piece of lithium battery cell. With the continuous expansion of the production capacity of lithium battery enterprises and the increase of the use proportion of coating diaphragm, inorganic coating represented by boehmite has become the mainstream coating method, driving the gradual increase of the permeability of boehmite. At present, some lithium battery manufacturers still use alumina materials, aramid materials or other organic and inorganic materials for coating. The conversion to boehmite coating needs a lot of research and experiments within downstream customers. It takes a long time. The rising rate of boehmite coating permeability may affect the company's future performance growth. In addition, with the successful R & D of emerging technologies and the improvement of production processes in the future, if the new technical route makes a major breakthrough and realizes industrialization, the company's business performance may be adversely affected by the maturity of the new diaphragm coating technology.
(II) operational risk
It is mainly reflected in the increased risk of market competition. In recent years, with the rapid development of new energy vehicle industry, boehmite, as an important coating material related to active safety of new energy vehicle power lithium battery, has strong demand in the downstream market, and new entrants also began to increase. In addition to the stock suppliers nabaltec AG of Germany and Chalco Zhengzhou Research Institute, some listed companies in China, such as Shandong Sinocera Functional Material Co.Ltd(300285) , are also planning the R & D of boehmite for lithium battery, increasing the production capacity of boehmite and actively promoting it to downstream customers. New entrants may intensify industrial competition and affect the market share of boehmite products of the company. The company will continue to consolidate its leading advantages in terms of category richness, new product iteration, capacity supply and key customer cooperation.
(III) financial risk
The scale of the company's operating revenue continued to grow, and the proportion of sales revenue of lithium battery coating materials increased. Compared with other customers, the credit period of lithium battery coating materials customers was relatively long, resulting in the corresponding increase in the balance and proportion of accounts receivable at the end of each period. If the company's business prosperity and the proportion of accounts receivable in the downstream industry continue to decline, it may have a negative impact on the company's own business performance or the downstream industry's financial situation in a timely manner.
(IV) industry risk
With the continuous development of the new energy vehicle industry, the state will gradually withdraw from relevant industry support, which may change the demand of downstream customers, resulting in fluctuations in the company's performance. If the downstream new energy vehicles, lithium battery manufacturing and other industries cannot improve their competitiveness through technological progress, scale effect and other methods, the adjustment of industry support policies will have an adverse impact on the development of the whole new energy vehicle industry chain, and thus on the upstream lithium-ion battery industry. At the same time, as the new energy vehicle industry gradually gets rid of policy support and enters the market-oriented stage, the major downstream lithium battery manufacturers are greatly expanding their production, and there may be the risk of cyclical fluctuations in the industry in the future.
(V) macro environmental risk
Although the Chinese market demand under the normalization of epidemic control has gradually recovered with the control of the epidemic in China, there is still uncertainty about the development trend of the epidemic in China in the medium and long term, and there is still the possibility of repeated rounds. Internationally,
