Qingyan Environmental Technology Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
With the approval of Shenzhen Stock Exchange, the RMB common shares issued by the company will be listed on the gem of Shenzhen Stock Exchange on April 22, 2022. The full text of the listing announcement and the full text of the prospectus for initial public offering and listing on the gem will be disclosed on the information disclosure website designated by the CSRC on the gem: 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.； QR code of the website: cninfo, for investors to check.
1、 Listing overview
(I) stock abbreviation: Qingyan environment
(II) Stock Code: 301288
(III) total share capital after IPO: 108.01 million shares
(IV) shares increased by initial public offering: 27.01 million shares.
2、 Risk 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 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 offering price is 19.09 yuan / share, which does not exceed the median and weighted average of offline investors' quotations after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as "public fund"), the National Social Security Fund (hereinafter referred to as "social security fund"), the basic old-age insurance fund (hereinafter referred to as "pension") established through public offering after excluding the highest quotation Established in accordance with the measures for the administration of enterprise annuity fund
The enterprise annuity fund (hereinafter referred to as "enterprise annuity fund") and the insurance fund shall comply with the measures for the administration of the use of insurance funds
And other insurance funds (hereinafter referred to as "insurance funds"), whichever is lower.
According to the guidelines for Industry Classification of listed companies (revised in 2012) issued by the CSRC, the company
The industry belongs to the special equipment manufacturing industry, and the industry code is "C35". As of April 6, 2022 (T-4), the average static P / E ratio of the industry released by China Securities Index Co., Ltd. in the latest month is 35.03 times.
As of April 6, 2022 (T-4), the valuation levels of comparable listed companies are as follows:
T-4 day shares 2020 minus 2020 minus 2020 static 2020 static securities code securities abbreviation closing price non front EPS EPS P / E ratio (minus (yuan / share) (yuan / share) (after minus) (non front))
Jiangxi Jdl Environmental Protection Co.Ltd(688057) .SH Jiangxi Jdl Environmental Protection Co.Ltd(688057) 18.45 1.4010 1.3456 13.17 13.71
Suntar Environmental Technology Co.Ltd(688101) .SH Suntar Environmental Technology Co.Ltd(688101) 15.84 0.6643 0.5514 23.84 28.73
Wuxi Delinhai Environmental Technology Co.Ltd(688069) .SH Wuxi Delinhai Environmental Technology Co.Ltd(688069) 41.32 3.2416 3.0656 12.75 13.48
Average 16.59 18.64
Data source: wind information, data as of April 6, 2022.
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-4 day. The issue price of 19.09 yuan / share corresponds to the year 2020 after deducting non recurring profits and losses, which belongs to the parent company
The diluted P / E ratio of shareholders' net profit is 33.49 times, which is lower than that of the issuer issued by China Securities Index Co., Ltd
The average static P / E ratio of the industry in the latest month is 35.03 times; Higher than that of comparable companies in the same industry in 2020
Unless the average static P / E ratio of net profit attributable to shareholders of the parent company after recurring profit and loss is 18.64 times, exceeding
The range is 79.67%. There is a risk that the decline of the issuer's share price will bring losses to investors in the future.
The pricing rationality of this offering is explained as follows:
First, technical advantages: rpir technology is the core team of the company, which has been developed and established in the company for many years
Since then, it has continuously improved iteratively in the practice of industrialization, relying on "low investment, less land occupation, low operation cost and management"
It has strong advantages in the field of water treatment;
Second, industrial application advantages: the company has an in-depth understanding of the needs of downstream customers and can meet the needs of customers
As the starting point, carry out technical research and development and process design, and provide customers with rpir with strong pertinence and practicability
Process package to effectively solve the sewage treatment problems under various complex conditions; Core equipment rpir module and
Rpir all-in-one machine is highly standardized and equipped, and can flexibly adapt to various types of sewage treatment projects. company
The advantages of innovative technology and innovative equipment industrialization are obvious, and the application scale continues to expand, especially in the technology wall
In the field of municipal sewage with high base and large project scale, the company continues to establish successful projects;
Third, the advantages of continuous R & D and Innovation: the company has carried out continuous innovation in many years of industrialization practice and developed a variety of process packages such as s-rpir, a / rpir, A2 / rpir and vertical flow a / rpir, which has effectively solved various problems of customers in sewage treatment projects and met the diversified and personalized needs of customers.
As of June 30, 2021, the company has 47 patents, including 7 invention patents. The company actively undertakes the task of scientific research in the industry, and independently undertakes "rpir rapid biochemical sewage treatment technology and equipment" and cooperatively undertakes "application demonstration of low-cost rapid biochemical technology in slaughterhouse wastewater treatment and reuse" and other topics, which have been accepted by Shenzhen Science and technology innovation Commission;
Fourth, the advantages of R & D team: the company always takes talents as the core driving force of enterprise development. It has a core team in the R & D field of water treatment technology for many years, actively introduces and trains senior expert talents, stimulates employees' innovation consciousness through performance incentive, employee stock ownership plan and other methods, so as to keep the talent team stable and develop together with the company. Ms. Liu Shujie and Mr. Chen fuming, the core technicians of the company, have been working in the field of water treatment for many years, have rich research achievements, have published many papers in important academic journals at home and abroad, and have won many honorary awards issued by the Ministry of environmental protection, Guangdong Provincial People's government, Shenzhen Municipal People's government and other competent departments;
Fifth, brand advantage: since its establishment, the company has deeply cultivated the South China regional market centered on Shenzhen, and gradually formed a brand coverage covering the whole country from point to area. Its customers include state-owned enterprises or listed companies and their subsidiaries such as Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) ( Jiangsu Jiangnan Water Co.Ltd(601199) . SH), Tianjian water environment, Cscec Scimee Sci.&Tech.Co.Ltd(300425) ( Cscec Scimee Sci.&Tech.Co.Ltd(300425) . SZ), as well as local water enterprises such as deepwater consulting and guanghuiyuan environmental water. The company is committed to improving the applicability of technology and products to sewage treatment projects, obtaining market recognition with stable and efficient good operation effect, and gradually establishing brand effect.
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.
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.
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.
3、 Contact information
(I) contact address and telephone number of the issuer
Issuer: Qingyan Environmental Technology Co., Ltd
Contact address: c527, 5th floor, Tsinghua University Research Institute, No. 019, Gaoxin South seventh Road, high tech Zone community, Yuehai street, Nanshan District, Shenzhen
Contact: Dan Limin
Tel: 0755 - 86563163
Fax: 0755 - 86535004
(II) contact address and telephone number of the lead underwriter and the sponsor representative
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
Sponsor representatives: Xu Xinyue, Qiu Ronghui
Contact address: Building 4, No. 66 Anli Road, Chaoyang District, Beijing
Tel: 075523953863
Fax: 075523953850
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Qingyan Environmental Technology Co., Ltd. on its initial public offering and listing on the GEM)
Issuer: Qingyan Environmental Technology Co., Ltd. (this page has no text, which is the seal page of the suggestive announcement of Qingyan Environmental Technology Co., Ltd.'s IPO and listing on the GEM)
Sponsor: China Securities Co.Ltd(601066) mm / DD / yyyy
