The examination of new shares of Beijing stock exchange (hereinafter referred to as “Beijing stock exchange”) is speeding up. Since last week, the rhythm of new share audit of Beijing stock exchange has changed from “one audit per week” to “three audits per week”. This week, the Shanghai municipal Party committee of the Beijing stock exchange will hold two review meetings, which will be held by three enterprises, including Rongyi precision, Audi Wei and xinhuike.
Industry experts speculate that after the disclosure of the annual report results, the audit speed of the Beijing stock exchange will be further accelerated, and the Beijing stock exchange is entering a development stage of scale expansion and efficiency increase.
On March 31, the first layer adjustment of the new third board this year will be launched, which is also the first layered adjustment after the implementation of the new regulations on layer adjustment of the new third board. While sprinting to “upgrade”, a number of basic tier companies also announced the launch of listing guidance of the Beijing stock exchange and “rush” to layout the “IPO track” of the Beijing stock exchange.
speed up the listing review of Beijing stock exchange
According to the public information on the website of the Beijing stock exchange, among the enterprises under review, there are three enterprises in the status of “accepted”, namely Huifeng diamond, Chenguang cable and Sibai technology; There are 30 “inquired” companies. In addition to the above three enterprises lining up for the conference, they also include cubic holdings, gaodexin, langhong technology, etc; There are three companies that have “passed”, including Kechuang Xincai, Dayu biology and junchuang technology; There are three companies that “report to the CSRC”, namely Zecheng electronics, canneng power and Tianrun technology; Sanwei Holding Group Co.Ltd(603033) 1 companies have “deferred the review”.
According to the data, as of March 27, more than 1000 companies met the financial conditions for listing on the Beijing stock exchange, and a total of 330 enterprises (excluding 2 delisting enterprises) submitted counseling filing materials, counseling filing registration acceptance and counseling acceptance, of which high-tech manufacturing and high-tech service industries accounted for a relatively high proportion.
The relevant person in charge of the Beijing stock exchange said on a public occasion a few days ago that since April, the listing rhythm of the Beijing stock exchange will accelerate. It is hoped that the Beijing stock exchange can realize the normalization of issuance and listing this year. One of the main tasks of the construction of the Beijing stock exchange in 2022 is to expand the scale and improve the “quality” and “quantity” of listed companies.
The audit rhythm of the municipal Party committee of the Beijing stock exchange has been significantly accelerated. Since March, the Shanghai municipal Party committee of the Beijing stock exchange has held five meetings and reviewed seven enterprises. Since the establishment of the Beijing stock exchange, as of March 27, the number of enterprises passing the meeting has reached 16; A total of 12 enterprises attended the conference this year, of which 11 attended the conference. Since last week, the rhythm of the examination of new shares of the Beijing stock exchange has changed from “one examination per week” since the opening of the market in the year of the tiger to “three examinations per week”.
This week, the two deliberation meetings of the Beijing stock exchange will be held on March 31 and April 1 respectively. At that time, there will be three enterprises including Rongyi precision, Audi Wei and xinhuike. Among them, Rongyi precision will be held on March 31. Statistics show that Rongyi precision is a national specialized and new “little giant” enterprise rated by the Ministry of industry and information technology. Its main business is the R & D, production and sales of fasteners. Its products are mainly used in 3C, household appliances, medical and other industries. Audi Wei and xinhuike will attend the meeting on April 1.
Industry experts speculate that after the disclosure of the annual report results, the audit speed of the Beijing stock exchange will be accelerated. According to the calculation of three companies that pass the audit in a week, the scale of listed companies of the Beijing stock exchange can be expanded to about 200 by the end of this year.
Beijing stock exchange is now suspending the review of enterprises
On March 25, the official website of the Beijing stock exchange published the results of the 10th review meeting in 2022. Among the two enterprises attending the meeting, one passed the meeting and the other suspended the review.
The company is Dayu biology, and its main business is the R & D, production and sales of feed additives, feed and veterinary drugs. In 2020, the company was rated as a national specialized and new “little giant” enterprise by the Ministry of industry and information technology. The company plans to raise about 150 million yuan in this public offering for “micro ecological agent industrialization project” and “marketing service center construction project”.
According to the prospectus, Dayu biology is expected to realize an operating revenue of 170 million yuan to 180 million yuan in 2021, with a year-on-year increase of 17.37% to 24.27%; The net profit attributable to the parent company was 34 million yuan to 37 million yuan, a year-on-year increase of 3.84% to 13%.
It is noteworthy that Sanwei Holding Group Co.Ltd(603033) became the first enterprise to suspend the deliberation of the Beijing stock exchange.
According to the public information, the review meeting Requested Sanwei Holding Group Co.Ltd(603033) to further demonstrate whether the existing ERP system can effectively play the role of ensuring the authenticity and accuracy of financial statements, and supplement the specific measures to ensure the safety of foreign currency funds, the use plan of foreign currency funds in the future, as well as the corporate governance and internal control measures to prevent the illegal outflow of funds and the infringement of shareholders’ interests; Require the reporting accountant to implement targeted audit procedures on its financial basis and the effectiveness of internal control, require the recommendation institution, the reporting accountant and lawyers to supplement and verify the overseas capital flow of the actual controller, and demonstrate the necessity and rationality of raising funds to invest in new projects and supplement working capital under the condition of large dividends and large amount of cash over the years.
basic level company war preparation level adjustment
The accelerated audit of the Beijing stock exchange has further driven the listing enthusiasm of the new third board companies. As the first layering time of this year is approaching, many basic layers also announced their entry into the listing guidance of the Beijing stock exchange in advance while preparing for “upgrading”.
Statistics show that in the past week alone, seven listed companies have updated the latest progress of their listing guidance, including three basic level enterprises such as pan electric technology, common management and Sheng’an transmission.
Among them, the application materials for listing guidance and filing of Beijing stock exchange submitted by Sheng’an transmission to Jiangsu securities regulatory bureau were accepted, and the filing date was March 23; The application materials for listing guidance and filing of Beijing stock exchange submitted by Pandian technology to Hubei securities regulatory bureau shall be accepted, and the filing date is March 21; The application materials of the guidance institution for listing shall be submitted to Sichuan Securities Regulatory Bureau on June 21.
To apply for listing on the Beijing stock exchange, you must first enter the innovation layer of the new third board. The national small and medium-sized enterprise share transfer system company recently issued the revised Measures for the hierarchical management of the national small and medium-sized enterprise share transfer system (hereinafter referred to as the “hierarchical management measures”) and supporting guidelines, making major adjustments in the time arrangement of hierarchical adjustment. Therefore, the regular level adjustment was started on April 30 every year, which was changed to be implemented month by month from February to June in the first half of the year and once in September in the second half of the year. This enables listed enterprises to more calmly and orderly arrange annual report disclosure, issuance and financing, entering the innovation layer, and preparing for listing.
As of March 27, among the 330 new third board enterprises that submitted counseling filing materials, accepted counseling filing registration and passed counseling acceptance, there were as many as 70 enterprises at the basic level. Some of the basic level companies that have disclosed the annual report of 2021 not only meet the standards of “promotion” to the innovation level, but also meet the financial conditions of the Beijing stock exchange.
