Shenzhen minglida Precision Technology Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
The company and all directors, supervisors and senior managers guarantee the authenticity, accuracy and completeness of the listing announcement, promise that there are no false records, misleading statements or major omissions in the listing announcement, and bear individual and joint legal liabilities.
With the approval of Shenzhen Stock Exchange, the RMB ordinary shares issued by Shenzhen minglida Precision Technology Co., Ltd. (hereinafter referred to as "the company" or "the company") will be listed on the gem of Shenzhen Stock Exchange on April 7, 2022, The full text of the listing announcement and the full text of the prospectus for initial public offering and listing on the gem are disclosed on the information disclosure website designated by the China Securities Regulatory Commission (www.cn. Info. Com. CN) China Securities Network (www.cs. Com. CN.) China Securities Network (www.cn. Stock. Com.) Securities Times (www.stcn. Com.) Securities Daily (www.zqrb. CN.), For investors to consult.
QR code of web page: cninfo.com I. listing overview
1. Stock abbreviation: minglida
2. Stock Code: 301268
3. Total share capital after IPO: 40001 million shares
4. Increased shares in initial public offering: 40.01 million shares. This public offering is all new shares without transfer of old shares. II. Risk warning
The company's shares will be listed on the growth enterprise market of Shenzhen Stock Exchange, which has high investment wind and high market risk. Investors should fully understand the investment risks of the gem and the risk factors disclosed by the company, and make investment decisions prudently.
According to the guidelines on industry classification of listed companies (revised in 2012) (CSRC announcement [2012] No. 31) issued by the CSRC, the industry of the company is "metal products industry (C33)". As of March 22, 2022 (T-3), the average static P / E ratio of "metal products industry (C33)" released by China Securities Index Co., Ltd. in the latest month is 27.01 times. The issuance price of 28.50 yuan / share corresponds to the lower of the net profit before and after deducting extraordinary profits and losses in 2020. The diluted P / E ratio is 90.84 times, which is 27.01 times higher than the static average p / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. on March 22, 2022 (T-3), and the excess range is 236.32%. There are five reasons: 1. According to the guidelines for Industry Classification of listed companies, When the proportion of operating income of a certain type of business of a listed company is greater than or equal to 50%, it will be classified into the corresponding industry of the business. The company's business income of metal products exceeds 50%, which is the largest business of the company. Therefore, the company belongs to "C33 metal products industry". However, the company's precision injection molding structural parts business belongs to "C29 rubber and plastic products industry". From the perspective of the purpose of the company's products, the company belongs to "C39 computer, communication and other electronic equipment manufacturing industry". The company has a multi material and multi molding product supply system. In 2020, the sales revenue of precision die-casting structural parts, precision injection molding structural parts and profile stamping structural parts accounted for 35.97%, 34.90% and 25.32% of the main business revenue respectively. The company has a strong one-stop comprehensive supply capacity; 2. The company's products are mainly used in the photovoltaic, security, automotive and consumer electronics industries, among which the photovoltaic industry is the most important application field of the company's products. In 2020, the sales revenue of the company's products in the photovoltaic field accounted for 61.12% of the main business revenue. As of March 22, 2022 (T-3), the average static P / E ratio of "photovoltaic equipment" industry released by China Securities Index Co., Ltd. in the latest month is 78.04 times; 3. During the reporting period, the company's business showed a rapid growth trend, its profitability continued to increase and had good growth. From 2018 to 2020, the annual compound growth rates of the company's operating revenue and net profit attributable to the owner of the parent company were 26.87% and 70.92% respectively. The annual compound growth rates of the operating revenue and net profit attributable to the owner of the parent company of 87 companies in the "C33 metal products industry" in the same period were 10.13% and 24.82% respectively. The business growth rate of the issuer was significantly higher than that of Listed Companies in the same industry; 4. The company has sufficient orders on hand. As of September 30, 2021, the total amount of orders on hand of the company was 698556500 yuan, an increase of 107.20% over the end of 2020. The growth of the company's business scale is guaranteed; 5. The company has strong customer resource advantages. Its main customers are leading enterprises in their respective industries. In the process of long-term cooperation with well-known customers, the company has accumulated advanced structural part design experience and good market reputation in various application fields. Rich cooperation experience will also bring more international well-known customers to the company, so as to form a virtuous circle and continuously expand the business scale of the company.
As of March 22, 2022 (T-3), the valuation levels of comparable listed companies disclosed in the prospectus are as follows:
In 2020, deduct the static securities code corresponding to the stock on T-3 day in 2020. The securities are referred to as non front EPS and non back EPS. The closing price of non front EPS (yuan / share) (yuan / share) / share) (before deduction) (after deduction)
Wencan Group Co.Ltd(603348) .SH Wencan Group Co.Ltd(603348) 0.3197 0.3207 39.05 122.15 121.76
Tianjin Ruixin Technology Co.Ltd(300828) .SZ Tianjin Ruixin Technology Co.Ltd(300828) 0.5962 0.5375 21.39 35.88 39.80
Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) .SZ Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) 0.4627 0.3480 21.05 45.49 60.48
Dongguan Eontec Co.Ltd(300328) .SZ Dongguan Eontec Co.Ltd(300328) 0.0235 -0.0272 8.08 344.10 -296.57
Ningbo Tianlong Electronics Co.Ltd(603266) .SH Ningbo Tianlong Electronics Co.Ltd(603266) 0.4664 0.4144 13.73 29.44 33.13
Mean value --- 58.24 63.79
Data source: wind information, data as of March 22, 2022 (T-3).
Note 1: calculation criteria of EPS before / after deduction of non recurring profit and loss in 2020: net profit attributable to the parent company before / after deduction of non recurring profit and loss in 2020 / total share capital on T-3 (March 22, 2022).
Note 2: the abnormal value Dongguan Eontec Co.Ltd(300328) P / E ratio is excluded from the calculation of the average value of static P / E ratio; Note 3: the tail difference of the mean calculation result is the influence of rounding.
The issuance price of 28.50 yuan / share corresponds to the lower net profit diluted P / E ratio of the issuer before and after deducting non recurring profits and losses in 2020, which is 90.84 times higher than the average static P / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. on March 22 (T-3), 2022, with an excess range of 236.32%; It is 63.79 times higher than the average static P / E ratio of comparable companies disclosed in the prospectus after deducting non-profit in 2020, with an excess range of 42.40%. There is a risk that the decline of the issuer's share price will bring losses to investors in the future.
There is a risk that the net asset scale will increase significantly due to the acquisition of raised funds, which will have an important impact on the issuer's production and operation mode, operation management and risk control ability, financial status, profitability and long-term interests of shareholders. The issuer and the recommendation institution (lead underwriter) remind investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment decisions rationally. 3、 Contact information (I) company contact information
Company name: Shenzhen minglida Precision Technology Co., Ltd
Legal representative: Tao Cheng
Address: 4th floor, Tsinghua Information Port scientific research building, west of South Gate, No. 13, Langshan Road, songpingshan community, Xili street, Nanshan District, Shenzhen
Tel: 076989195695
Contact person: Yang Decheng (II) contact information of recommendation institution and recommendation representative
Sponsor (lead underwriter): Guotai Junan Securities Co.Ltd(601211)
Legal representative: He Qing
Address: No. 618, Shangcheng Road, China (Shanghai) pilot Free Trade Zone
Tel: 02138676666
Sponsor representatives: Qiang Qiang, Zeng Chen
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Shenzhen minglida Precision Technology Co., Ltd. on its initial public offering and listing on the GEM)
Shenzhen minglida Precision Technology Co., Ltd
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Shenzhen minglida Precision Technology Co., Ltd. on its initial public offering and listing on the GEM)
Guotai Junan Securities Co.Ltd(601211) mm / DD / yyyy
