Stock abbreviation: Weike Technology Stock Code: 301196 Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd
Xiamen Voke Mold & Plastic Engineering Co., Ltd.
(floor 1, No. 1152 and No. 1154, Chunguang Road, Xiamen Torch High tech Zone (Xiang’an) Industrial Zone) IPO and listing on the gem
Listing announcement
Sponsor (lead underwriter)
(No. 95, dongchenggenshang street, Qingyang District, Chengdu)
January 2002
catalogue
Special tips Section 1 important statements and tips five
1、 Important statements and tips five
2、 Special tips on investment risk at the initial stage of gem IPO five
3、 Special risk tips Section 2 stock listing nine
1、 Review of the company’s stock registration and listing nine
2、 Information about the listing of the company’s shares III. specific listing standards selected by the company when applying for initial public offering and listing and after the company’s public offering
Meet the selected listing criteria and its description Section III information of the issuer, shareholders and actual controllers fourteen
1、 Basic information of the issuer fourteen
2、 The issuer’s directors, supervisors, senior managers and the company’s shares and bonds held by them fourteen
3、 Information about the controlling shareholders and actual controllers of the company 16 IV. equity incentive plan and employee stock ownership plan formulated or implemented by the company before this public offering
…… eighteen
5、 Changes in the share capital structure of the company before and after this issuance twenty-eight
6、 Shares held by the top ten shareholders of the company after the issuance 7. Senior managers and core employees set up special asset management plans to participate in strategic placement thirty
8、 Other strategic placements Section IV stock issuance thirty-one
1、 Number of initial public offerings thirty-one
2、 Issue price thirty-one
3、 Par value per share thirty-one
4、 P / E ratio thirty-one
5、 Price to book ratio thirty-one
6、 Issuance method and subscription thirty-two
7、 The total amount of raised funds and the verification of funds in place by Certified Public Accountants thirty-two
8、 Total and detailed composition of issuance expenses, issuance expenses per share thirty-two
9、 Net raised funds thirty-three
10、 Net assets per share after issuance thirty-three
11、 Earnings per share after issuance thirty-three
12、 Over allotment options Section V Financial and accounting data 34 section VI other important matters Section 7 listing recommendation institutions and their opinions thirty-seven
1、 Information of listed sponsors thirty-seven
2、 Recommendation opinions of listed recommendation institutions thirty-seven
3、 Details of the sponsor representative who provides continuous supervision for the issuer Section VIII important commitments thirty-nine
1、 Restrictions on share circulation and commitment to voluntarily lock up shares thirty-nine
2、 Plans and commitments to stabilize the stock price forty-three
3、 Commitment on share repurchase and legal liability for compensation forty-seven
4、 Commitments of relevant intermediaries on compensation liability for information disclosure forty-nine
5、 On the share repurchase commitment of fraudulent issuance and listing forty-nine
6、 Letter of commitment to fill the diluted immediate return constraints fifty
7、 Commitment on profit distribution policy fifty-two
8、 Commitment to binding measures for non-compliance with public commitments fifty-three
9、 Letter of commitment on avoiding horizontal competition fifty-five
10、 Letter of commitment on reducing and regulating related party transactions fifty-five
11、 Commitment to avoid capital occupation fifty-seven
12、 Commitment to shareholder information disclosure fifty-seven
13、 There are no other major commitments that affect the issuance and listing and the judgment of investors 57 XIV. Constraints of the recommendation institution and the issuer’s lawyers on the contents of the public commitment and failure to fulfill the commitment
Comments on measures fifty-eight
hot tip
The shares of Xiamen Weike Jiangnan Mould & Plastic Technology Co.Ltd(000700) Co., Ltd. (hereinafter referred to as “Weike technology”, “the company”, “the issuer” or “the company”) will be listed on the gem of Shenzhen Stock Exchange on January 11, 2022.
GEM companies have the characteristics of unstable performance, high operation risk and high delisting risk, and investors are facing greater 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.
The company reminds investors to fully understand the stock market risks and the risk factors disclosed by the company, avoid blindly following the trend of “speculation” in the initial stage of IPO, and make prudent decision and rational investment.
Unless otherwise specified, the abbreviations or terms in this listing announcement shall have the same meanings as those in the prospectus of the company’s initial public offering of shares and listing on the gem.
The “reporting period” of this listing announcement refers to 2018, 2019, 2020 and January June 2021.
The value of this listing announcement is usually reserved to two decimal places. If the total number is inconsistent with the mantissa of the sum of the values of each sub item, it is caused by rounding.
Section I important statements and tips
1、 Important statements and tips
The company’s shares will be listed on the growth enterprise market of Shenzhen Stock Exchange, which has high investment risk. GEM companies have the characteristics of large investment in innovation, uncertainty about the success of the integration of new and old industries, still in the growth stage, high operation risk, unstable performance and high delisting risk. Investors are facing greater 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.
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 legal liabilities according to law.
The opinions of Shenzhen Stock Exchange and relevant government authorities on the listing of the company’s shares and related matters do not indicate any guarantee to the company.
The company reminds investors to carefully read the information published on cninfo.com, www.cn info. com. cn. ； China Securities Network, website: www.cs.com com. cn. ； China Securities Network, website: www.cn stock. com.； Securities Times website, www.stcn.com com.； Securities Daily website, www.zqrb.com cn.； Economic reference network, website: www.jjckb.com cn. The contents of the “risk factors” chapter of the company’s prospectus, pay attention to risks, make prudent decisions and make rational investment.
The company reminds the majority of investors that investors are invited to refer to the full text of the company’s prospectus for relevant contents not involved in this listing announcement.
The company reminds investors to pay attention to the investment risk at the initial stage of IPO listing. Investors should fully understand the risk and rationally participate in new share trading.
2、 Special tips on investment risk at the initial stage of gem IPO
The company reminds investors to pay attention to the investment risk at the initial stage of IPO (hereinafter referred to as “new shares”), and investors should fully understand the risk and rationally participate in the trading of new shares. Specifically, the risks at the initial stage of IPO of the company include but are not limited to the following:
(I) relaxation of price limit
The competitive trading of GEM stocks is subject to a wide range of price limits. For stocks that are IPO and listed on the gem, there are no price limits in the first five trading days after listing, and the proportion of price limits thereafter is 20%. On the first day of the listing of new shares on the main board of Shenzhen Stock Exchange, the increase limit ratio was 44%, the decrease limit ratio was 36%, and the increase and decrease limit on the next trading day was 10%. The gem further relaxed the limit on the rise and fall range at the initial stage of stock listing, improving the trading risk.
(II) the issuing P / E ratio of the company is higher than the average level of the same industry
According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of Weike technology is “C29 rubber and plastic products industry”. As of December 24, 2021 (T-4), the average static P / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. was 27.87 times.
As of December 24, 2021 (T-4), the valuation levels of comparable listed companies are as follows:
T-4 day shares 2020 deduction non 2020 deduction non 2020 deduction non 2020 deduction non 2020 deduction non securities abbreviation: EPS (yuan / post EPS (yuan / pre static P / E and post static P / E (yuan / share) shares) ratio (Times) ratio (Times) before closing price of securities code ticket)
Ningbo Henghe Precision Industry Co.Ltd(300539) 300539. SZ 7.60 0.0653 0.0516 116.33 147.38
Shanghai Yahong Moulding Co.Ltd(603159) 603159. SH 15.84 0.2874 0.2607 55.12 60.76
Ningbo Tianlong Electronics Co.Ltd(603266) 603266. SH 13.77 0.4664 0.4144 29.52 33.23
Shenzhen Changhong Technology Co.Ltd(300151) 300151. SZ 42.41 0.3361 0.3032 126.20 139.86
Shanghai Hajime Advanced Material Technology Co.Ltd(301000) 301000. SZ 63.14 1.9567 1.8373 32.27 34.37
Average 60.78 67.05
Note: 1. The closing price data of day T-4 comes from wind;
2. EPS before (after) deduction of non recurring profit and loss in 2020 = net profit attributable to the parent before (after) deduction of non recurring profit and loss in 2020 / total share capital on T-4 day;
3. Static P / E ratio before (after) deduction in 2020 = T-4 closing price / EPS before (after) deduction in 2020;
4. Ningbo Henghe Precision Industry Co.Ltd(300539) because the volume of net profit is small and the corresponding valuation is high, it is excluded when calculating the average value of P / E ratio. The issuance price of 64.08 yuan / share corresponds to the issuer’s diluted P / E ratio of net profit attributable to shareholders of the parent company before and after deducting non recurring profits and losses in 2020, which is 58.79 times, which is higher than the static average p / E ratio of the industry in the latest month published by China Securities Index Co., Ltd. on December 24, 2021 (T-4), and lower than that of comparable companies in 2020, There is a risk that the future decline of the issuer’s share price will bring losses to investors.
There is a risk in this issuance that the acquisition of raised funds leads to a significant increase in the scale of net assets, a decline in the rate of return on net assets, and 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.
(III) decrease in circulation
After the issuance, the total share capital of the company is 124800000 shares, of which 29588676 shares are non tradable shares, accounting for 23.71% of the total share capital after the issuance. At the initial stage of listing, the number of circulating shares is small, and there is a risk of insufficient liquidity.
(IV) the shares can be used as the subject matter of margin trading on the first day of listing
GEM stocks can be used as the subject of margin trading on the first day of listing, which may produce certain price fluctuation risk, market risk, margin call risk and liquidity risk. Price fluctuation risk means that margin trading will aggravate the price fluctuation of the underlying stock; Market risk means that when investors use stocks as collateral for financing, they need to bear not only the risks caused by the changes in the original stock price, but also the risks caused by the changes in the stock price of new investment, and pay corresponding interest; Margin increase risk means that investors need to monitor the guarantee ratio level throughout the transaction process to ensure that it is not lower than the maintenance margin ratio required by margin trading; Liquidity risk refers to that when the price of the underlying stock fluctuates violently, the financed purchase of securities or the repayment of securities, the sale of securities or the repayment of securities may be blocked, resulting in greater liquidity risk.
(V) there may be a risk of falling below the issue price after listing
Investors should pay full attention to the risk factors contained in the pricing marketization, know that the stock may fall below the issue price after listing, effectively improve the risk awareness, strengthen the value investment concept, and avoid blind speculation. Regulators, issuers and sponsors (lead underwriters) can not guarantee that the stock will not fall below the issue price after listing.
3、 Special risk tips
The company specially requests investment
