Jindao Technology: Guotai Junan Securities Co.Ltd(601211) letter of recommendation for the company’s initial public offering and listing on the gem

Guotai Junan Securities Co.Ltd(601211)

about

Zhejiang Jindao Technology Co., Ltd. made an initial public offering and was listed on the gem

of

Listing recommendation

Sponsor (lead underwriter)

(No. 618, Shangcheng Road, China (Shanghai) pilot Free Trade Zone)

April, 2002

Guotai Junan Securities Co.Ltd(601211)

About Zhejiang Jindao Technology Co., Ltd

Shenzhen Stock Exchange:

Guotai Junan Securities Co.Ltd(601211) (hereinafter referred to as “the sponsor” or ” Guotai Junan Securities Co.Ltd(601211) “) is entrusted by Zhejiang Jindao Technology Co., Ltd. (hereinafter referred to as “the issuer”, “the company” or “Jindao technology”) to act as the sponsor of Jindao technology’s initial public offering of shares and listing on the gem (hereinafter referred to as “the project”).

Guotai Junan Securities Co.Ltd(601211) and its sponsor representatives have, in accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”) and the measures for the administration of the registration of initial public offerings on the gem (Trial) (hereinafter referred to as the “Registration Measures”) The Shenzhen Stock Exchange GEM Listing Rules (hereinafter referred to as the “Listing Rules”) and other laws and regulations, as well as the relevant provisions of the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) and the Shenzhen Stock Exchange (hereinafter referred to as the “Shenzhen Stock Exchange”), are honest, trustworthy, diligent and responsible, and issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, And ensure that the documents issued are true, accurate and complete.

Unless otherwise specified in this listing recommendation letter, relevant terms have the same meaning as in the prospectus of Zhejiang Jindao Technology Co., Ltd. for initial public offering and listing on GEM.

catalogue

catalogue Section 1 basic information of the issuer four

1、 Basic information four

2、 Main business four

3、 R & D and core technology level five

4、 Main operating and financial data and indicators six

5、 Main risks seven

(I) market and industry risks seven

(II) operational risk eight

(III) risk management twelve

(IV) technical risks thirteen

(V) financial risk fourteen

(VI) risk of issuance failure fifteen

Section II this offering sixteen

1、 Overview of this offering 16 II. Sponsor representatives, Project Co sponsors and other project team members of this securities issuance and listing sixteen

(I) the sponsor representative specifically responsible for this recommendation sixteen

(II) Project Co sponsors and other project team members seventeen

3、 The relationship between the sponsor and the issuer seventeen

4、 Commitments of the sponsor seventeen

(I) general commitment of the recommendation institution to the recommendation of this issuance seventeen

(II) item by item commitment of the recommendation institution to the recommendation of this issuance eighteen

Section III recommendation opinions of the recommendation institution on this securities issuance and listing nineteen

1、 The decision-making procedures for the performance of this securities issuance nineteen

(I) deliberation procedures of the board of Directors nineteen

(II) deliberation procedures of the general meeting of shareholders nineteen

2、 The issuer meets the conditions for listing on the gem nineteen

(I) meet the gem issuance conditions stipulated by the CSRC nineteen

(II) the total share capital after issuance shall not be less than RMB 30 million twenty-one

(III) the shares publicly issued reach more than 25% of the total shares of the company twenty-one

(IV) specific listing criteria selected by the issuer twenty-one

3、 The recommendation conclusion of the sponsor on this stock listing Section IV continuous supervision arrangements of recommendation institutions twenty-three

Section 1 basic information of the issuer

1、 Basic information

Zhejiang Jindao Technology Co., Ltd

English Name: Zhejiang Jindao Technology Co., Ltd

The registered capital is 75 million yuan

Legal representative: Jin Yanrong

Date of establishment of the company: August 28, 2003

Date of establishment of the joint stock company: August 21, 2018

Registered address: No. 689 Bujin Road, Keqiao District, Shaoxing City, Zhejiang Province

Main production and operation address: No. 22, Zhongxing Avenue, Yuecheng District, Shaoxing City, Zhejiang Province

Postal Code: 312000

Tel.: 057588009518

Fax: 057588009520

Internet website: www.sxjindao.com com.

E-mail [email protected].

Department responsible for information disclosure and investor relations Securities Department

Department head Tang Wei will

Tel.: 057588262235

2、 Main business

The company has always focused on the industrial vehicle gearbox industry, mainly engaged in the R & D, production and sales of various industrial vehicle gearboxes such as forklifts. Its main products include various mechanical transmission gearboxes, hydraulic transmission gearboxes, electric forklift gearboxes, main reducers and axle boxes.

The company pays attention to technology accumulation and advocates independent innovation. Relying on its long-term production and R & D experience in the forklift gearbox industry, the company has become a professional and characteristic manufacturer in the field of forklift transmission. The company pursues the service concept of customer first, adheres to the craftsman spirit of excellence, and provides in-depth customized services according to the needs of users at different levels such as stability, energy saving, comfort and functionality. It has successfully designed and developed a variety of leading products in the industry, including floating gearbox, axle box integrated gearbox, proportional hydraulic control hydraulic transmission gearbox and so on, which are in shock absorption, noise reduction, coping with complex working conditions It has strong competitive advantages in service life. Since the establishment of Zhejiang provincial high-tech development center and Zhejiang provincial high-tech development center, it has successively passed the ISO9001 certification of Zhejiang provincial high-tech enterprises and the international quality management system. By the end of June 2021, the company has 24 invention patents and 60 utility model patents.

At present, the company has become an important gearbox supplier of mainstream forklift main engine plants and has established good cooperative relations with well-known Chinese enterprises such as Hangcha Group Co.Ltd(603298) ( Hangcha Group Co.Ltd(603298) . SH), Guangxi Liugong Machinery Co.Ltd(000528) ( Guangxi Liugong Machinery Co.Ltd(000528) . SZ), JAC UnionPay and so on. On the basis of constantly consolidating and improving the market share of Chinese customers, the company has gradually won the recognition of international customers through reliable product quality, rapid response ability, stable product supporting development ability and high-quality service, and has entered the supply chain of international forklift brands such as Mitsubishi Heavy Industry, Doosan forklift and Kaiao Baoli. During the reporting period, there was no significant change in the company’s main business. 3、 Core technology and R & D level

After years of practical exploration and R & D accumulation, the company has formed a number of core technologies applied to forklift GearBox products. The core technologies of the company’s main products are as follows:

Technical characteristics and advanced characterization of serial number core technology names

Noise analysis and control technology through the collection and analysis of the frequency of the noise emitted during the operation of the gearbox, to determine the position of the parts caused by the noise, so as to optimize the design and processing of the parts causing the noise accurately, so as to reduce the overall noise of the gearbox.

The optimal use of the new transmission structure combines the finite element analysis technology and optimization technology to optimize the mechanical transmission structure 2 design technology and part shape of the gearbox, so as to greatly improve the technical performance of the product. At the same time, raw materials are saved to the greatest extent and production costs are reduced.

In hydraulic transmission and control, the components can receive analog or digital signals to control the hydraulic flow or pressure output by the element electro-hydraulic control technology in proportion. The main advantages are: 1. 3 (TCU) is easy to operate and easy to realize remote control; 2. High degree of automation, easy to realize programming control; 3. Work balance, high control precision; 4. Simple structure, small components and insensitive to pollution; 5. The system has good energy-saving effect.

Mechatronics control technology is the product of the organic combination of mechanical technology, electronic technology and information technology. The main technical advantages are as follows: 1. Overall structure optimization: the essence of mechatronics technology is to organically combine, infiltrate and synthesize mechatronics control technology by applying mechanical technology and electronic technology from a systematic point of view, so as to realize the optimization of the system. 2. Product intelligence 4 Technology: with the application of high-performance and high-speed microprocessor in mechatronics control technology, the product has low-level intelligence or part of human intelligence. 3. Flexibility of operation performance: the introduction of computer software technology can make the actions of each transmission mechanism of the mechatronics system coordinated by the electronic system step by step through the preset program, and then control and coordinate the actions of the system mechanism.

Using the advanced simulation analysis software Masta, according to the load and working conditions, comprehensively considering the factors such as gear strength and service life, the macro parameters such as gear pressure angle, tooth crest height coefficient, 5 Gear Optimization Design Technology helix angle are designed, and then the micro parameters are optimized through contact area analysis and transmission error analysis, combined with fine high gear technology, tooth profile trimming and shaping technology Powerful shot peening technology realizes the design of gear with low noise, high power and long service life.

6 torque converter optimization design technology the torque converter can automatically adjust the output speed and torque to make the vehicle according to the road conditions

Technology and resistance can automatically change the speed and traction to adapt to the changes of working conditions, and protect the engine from overload. The technical advantages include: 1. According to the characteristics that the transmission can automatically change speed and torque without polarity within a certain range, so as to reduce the gear of the transmission. At the same time, a small power engine can be used to realize the output of large torque; 2. According to the good and stable low-speed performance of the transmission, the transmission has stable low-speed and high torque output performance, so as to improve the climbing performance of the vehicle; 3. Torque converter has wide high efficiency area and high efficiency, which can make full use of engine power and obtain better economy; 4. The hydraulic transmission with oil as the medium is adopted, which plays a role in buffering and damping the vehicle and improves the comfort of the vehicle.

1. Gear processing technology: three section gear grinding technology combined with high-precision hydraulic expansion mandrel can be used to process gears with the highest level of accuracy. At the same time, advanced shaping technology can also meet the higher noise requirements of the company’s electric fork box to meet the needs of high-end customers

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