Stock abbreviation: Hongde Stock Code: 301163 Jiangsu Hongde special parts Co., Ltd
Jiangsu Hongde Special Parts Co.,Ltd.
(address: Group 4, Qiqiao village, Xingren Town, Tongzhou District, Nantong City)
Initial public offering and listing on GEM
of
Listing announcement
Sponsor (lead underwriter)
(No. 8, Puming Road, China (Shanghai) pilot Free Trade Zone)
April, 2002
catalogue
catalogue 1 special tips Section 1 important statements and tips four
1、 Important statement four
2、 Special tips on investment risks at the initial stage of gem IPO four
3、 Special risk tips six
Section 2 stock listing eleven
1、 Review of stock registration and listing eleven
2、 Information about stock listing III. The specific listing standards selected by the company when applying for initial public offering and listing and meeting the above standards selected after public offering
City standard and its description fourteen
Section III information of the issuer, shareholders and actual controllers sixteen
1、 Basic information of the company sixteen
2、 All directors, supervisors, senior managers and their shares and bonds of the company sixteen
3、 Information of controlling shareholders and actual controllers seventeen
4、 Equity incentive and employee stock ownership plan nineteen
5、 Changes in share capital structure before and after this offering twenty-one
6、 The number of shareholders before the listing and the situation of the top ten shareholders holding shares twenty-two
7、 Participation of senior managers and core employees of the issuer in the strategic placement twenty-three
8、 Strategic placement to other investors Section IV stock issuance twenty-four
1、 Number of IPO shares twenty-four
2、 Issue price twenty-four
3、 Par value per share twenty-four
4、 Issue P / E ratio twenty-four
5、 Issue price to book ratio twenty-five
6、 Issuance method and subscription twenty-five
7、 The total amount of funds raised and the verification of funds in place by Certified Public Accountants twenty-six
8、 Total and detailed composition of issuance expenses, issuance expenses per share twenty-six
9、 Net raised funds twenty-seven
10、 Net assets per share after issuance twenty-seven
11、 Earnings per share after issuance twenty-seven
12、 Over allotment options Section V Financial Accounting twenty-eight
1、 Differences between audited and reviewed financial data in 2021 twenty-eight
2、 Changes in main financial data in 2021 thirty
3、 Performance forecast for the first quarter of 2022 thirty-four
Section VI other important matters thirty-five
1、 Arrangements for special account storage of raised funds and tripartite supervision agreement thirty-five
2、 Other matters thirty-five
Section 7 listing recommendation institutions and their opinions thirty-seven
1、 Recommendation opinions of the sponsor on this stock listing thirty-seven
2、 Relevant information of the sponsor thirty-seven
3、 Continuously supervise the specific situation of the sponsor representative Section VIII important commitments 39 I. restrictions on the sale of shares held by shareholders, voluntary lock-in of shares, extension of lock-in period and shareholding of shareholders before the issuance
And reduction intention and other commitments thirty-nine
2、 Measures and commitments to stabilize the stock price forty-seven
3、 Measures and commitments for share repurchase and share repurchase fifty-one
4、 Commitment to repurchase shares issued and listed fraudulently fifty-two
5、 Measures and commitments to fill diluted immediate returns fifty-three
6、 Commitment to profit distribution policy fifty-five
7、 Commitment to undertake compensation or liability according to law fifty-eight
8、 The issuer's special commitment on Shareholder Information sixty
9、 Failure to fulfill commitments and binding measures sixty
10、 Other major matters affecting the issuance and listing and the judgment of investors sixty-three
11、 Verification opinions of the sponsor and the issuer's lawyer sixty-three
hot tip
The shares of Jiangsu Hongde special parts Co., Ltd. (hereinafter referred to as "Hongde shares", "the company" or "the issuer", "the company") will be listed on the gem of Shenzhen Stock Exchange on April 19, 2022, which has high investment risk. 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 risks of the stock market 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 have the same meanings as those in the prospectus of the company's initial public offering of shares and listing on the gem.
Section I important statements and tips
1、 Important statement
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 (www.cn. Info. Com. CN.) The contents of the "risk factors" chapter of the company's prospectus should pay attention to risks, make prudent decisions and make rational investment.
The company reminds the majority of investors to pay attention to the relevant contents not involved in this listing announcement. Please refer to the full text of the company's prospectus.
Unless otherwise specified, the abbreviations or terms in this listing announcement have the same meanings as those in the prospectus of the company's initial public offering of shares and listing on the gem.
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.
2、 Special tips on investment risk at the initial stage of gem IPO
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 recommendation institutions (lead underwriters) can not guarantee that the stock will not fall below the issue price after listing.
There is a risk in this issuance that the net asset scale will increase significantly due to the acquisition of the raised funds, resulting in the decline of the return on net assets, and 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.
The company reminds investors to pay attention to the investment risks in the initial stage of IPO (hereinafter referred to as "new shares"), and investors should fully understand the risks and rationally participate in the trading of new shares.
Specifically, the risks associated with investing in the company's shares include but are not limited to the following:
(I) relaxation of price limit
On the main board of Shenzhen Stock Exchange, the increase limit ratio on the first day of IPO is 44%, the decrease limit ratio is 36%, and the increase and decrease limit on the next trading day is 10%.
The competitive trading of GEM stocks is subject to a wide range of price limits. For stocks listed in the initial public offering, there is no limit on the proportion of price increases and decreases in the first five trading days after listing, and the proportion of price increases and decreases thereafter is 20%; Gem further relaxed the restrictions on the rise and fall of stocks in the initial stage of listing, and increased the trading risk.
(II) less circulating shares
After this issuance, the total share capital of the company is 81.6 million shares, of which the number of tradable shares without sale conditions is 19345504 shares, accounting for 23.71% of the total share capital after issuance. At the initial stage of listing, the number of circulating shares is small, and there is a risk of insufficient liquidity.
(III) 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 recommendation institutions (lead underwriters) can not guarantee that the stock will not fall below the issue price after listing.
(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 refers to that margin trading will aggravate the price fluctuation of the underlying stock; Market risk refers to that when investors use stocks as collateral for financing, they need to bear not only the risks caused by the change of the original stock price, but also the risks caused by the change of the stock price of new investment, and pay the corresponding interest; Margin call risk means that investors need to monitor the level of guarantee ratio in the whole process of trading 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 the sale of securities, the sale of financed securities or the repayment of the purchase of securities may be blocked, resulting in greater liquidity risk.
(V) risk of high P / E ratio and average level of the same industry
According to the industry classification guidelines of listed companies (revised in 2012) issued by China Securities Regulatory Commission (hereinafter referred to as "CSRC"), the industry of Hongde Co., Ltd. is "C33 metal products industry". The static average p / E ratio of "C33 metal products industry" released by China Securities Index Co., Ltd. in the latest month is 26.46 times (as of March 31, T-3, 2022).
The valuation levels of comparable listed companies are as follows:
2020 deduction 2020 deduction T-3 day stock corresponding static market corresponding static P / E securities code securities abbreviation non front EPS non back EPS closing price earnings ratio - deduction non front ratio - deduction non back
(yuan / share) (yuan / share) (yuan / share) (2020) (2020)
Riyue Heavy Industry Co.Ltd(603218) .SH Riyue Heavy Industry Co.Ltd(603218) 1.0122 0.9907 20.70 20.45 20.89
Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) .SH Jiangsu Sinojit Wind Energy Technology Co.Ltd(601218) 0.2392 0.2362 5.42 22.66 22.95
Suzhou Mingzhi Technology Co.Ltd(688355) .SH Suzhou Mingzhi Technology Co.Ltd(688355) 0.9563 0.7691 25.40 26.56 33.02
Wencan Group Co.Ltd(603348) .SH Wencan Group Co.Ltd(603348) 0.3197 0.3207 38.88 121.62 121.23
Average 23.22 25.62
Data source: Ifind
Note 1: if there is mantissa difference in the calculation of P / E ratio, it is caused by rounding;
Note 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-3 day; Note 3: among the comparable companies disclosed in the prospectus, Yongguan group is a Taiwan share and is not comparable;
Note 4: the extreme value influence is excluded when calculating the average value of P / E ratio, so the data of Wencan Group Co.Ltd(603348) is not included.
The issue price is 26.27 yuan / share, and the corresponding issuer's diluted P / E ratio of net profit attributable to the parent before and after deducting non recurring profits and losses in 2020 is 28.78 times, which is 26.46 times higher than the average static P / E ratio of "C33 metal products industry" released by China Securities Index Co., Ltd. on March 31, 2022 (T-3), with an excess range of 8.77%; After deducting the static price earnings ratio, the company's stock price will fall by 12.62% higher than the average price earnings ratio in 2020, which will bring an arithmetic risk of 12.62% to the investors. 3、 Special risk tips
The company specially reminds investors that before making investment decisions, they must carefully read all the contents of "section IV Risk Factors" in the prospectus of the company, and pay special attention to the following risk factors: (I) risks affected by demand fluctuations in the wind power industry
2018, 2019, 20
