Anhui wanlang magnetic plastic Co., Ltd
Special announcement on investment risk of initial public offering
Sponsor (lead underwriter): Guoyuan Securities Company Limited(000728)
The application of Anhui wanlang magnetoplastic Co., Ltd. (hereinafter referred to as "wanlang magnetoplastic", "issuer" or "company") for initial public offering of no more than 20.75 million common shares (A shares) (hereinafter referred to as "this offering") has been approved by China Securities Regulatory Commission (hereinafter referred to as "CSRC") zjxk [2021] No. 4165. After negotiation between the issuer and the recommendation institution (lead underwriter) Guoyuan Securities Company Limited(000728) (hereinafter referred to as " Guoyuan Securities Company Limited(000728) " or "recommendation institution (lead underwriter)"), it is determined that the number of new shares issued this time is 20.75 million, all of which are new shares issued to the public, and the shareholders of the issuer do not offer shares to the public. The issuance will be implemented through the trading system of Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") and the offline issuance and subscription platform on January 13, 2022 (T).
The issuer and the recommendation institution (lead underwriter) specially draw investors' attention to the following contents:
(I) please pay attention to the issuance process, online and offline subscription, payment and suspension of issuance. The specific contents are as follows:
1. According to the preliminary inquiry results, the issuer and the recommendation institution (lead underwriter) comprehensively consider the issuer's fundamentals, market conditions, valuation level of Listed Companies in the same industry, demand for raised funds, underwriting risk and other factors, and negotiate to determine the issuance price of 34.19 yuan / share. The offline issuing bank will not conduct cumulative bidding inquiry.
Investors are requested to make online and offline subscription at this price on January 13, 2022 (t day), and there is no need to pay the subscription fund. The offline issuance and Subscription Date and the online subscription date are the same as January 13, 2022 (t day), in which the offline subscription time is 9:30-15:00, and the online subscription time is 9:30-11:30, 13:00-15:00. 2. After the preliminary inquiry, the recommendation institution (lead underwriter) shall, according to the inquiry results after excluding invalid quotations, rank the quotations of all qualified placing objects from high to low according to the declared price, from small to large according to the proposed purchase quantity of placing objects at the same declared price, and from last to first according to the proposed purchase quantity at the same declared price, Excluding the highest part of the total amount to be purchased, the total amount to be purchased shall not be less than 10% of the total amount to be purchased by offline investors. When the maximum declared price is the same as the determined issue price, the Declaration on the price will not be excluded, and the exclusion proportion will be less than 10%. The excluded part shall not participate in offline subscription.
3. Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares.
4. Offline investors shall, according to the announcement on offline preliminary placement results and online winning results of initial public offering of shares by Anhui wanlang Magnetic Plastics Co., Ltd. (hereinafter referred to as "announcement on offline preliminary placement results and online winning results"), according to the finally determined issuance price and allocated quantity before 16:00 on January 17 (T + 2) 2022, Pay the subscription funds for new shares in full and on time. Offline investors are allocated multiple new shares every day. Please pay for each new share separately. In the case of multiple new shares allocated on the same day, if only one total amount is remitted, the consolidated payment will lead to accounting failure, and the resulting consequences shall be borne by the investors themselves.
After winning the subscription of new shares, online investors shall perform the obligation of capital settlement according to the announcement of offline preliminary placement results and online winning results, so as to ensure that their capital account will have sufficient new share subscription funds on January 17 (T + 2) 2022. The transfer of investors' funds shall comply with the relevant provisions of the securities company where the investors are located.
The shares that offline and online investors give up to subscribe for shall be underwritten by the sponsor (lead underwriter).
5. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings, the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
6. If the offline investors who provide effective quotation fail to participate in the subscription and the offline allocated investors who obtain the preliminary placement fail to pay the subscription amount in time and in full, it will be deemed as a breach of contract and shall bear the liability for breach of contract. The recommendation institution (lead underwriter) shall report the breach to the China Securities Association for the record. If an online investor fails to pay in full after winning the lottery three times in a row within 12 months, he shall not participate in the subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months.
(II) any decision or opinion made by the CSRC and other government departments on this issuance does not indicate that it makes a substantive judgment or guarantee on the investment value of the issuer's shares or the income of investors. Any statement to the contrary is a false statement. Investors are invited to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment decisions rationally.
(III) investors who intend to participate in this offering and subscription must carefully read the articles published in China Securities Journal and Shanghai Securities News on January 5, 2022 The summary of the initial public offering of the company (hereinafter referred to as "SSE") on the website of Anhui securities times and Shanghai Stock Exchange (hereinafter referred to as "SSE") The full text of the prospectus, especially the chapters of "tips on major matters" and "risk factors", fully understand the issuer's risk factors, judge its operation status and investment value by itself, and make investment decisions prudently. The issuer's operating conditions may change due to the influence of politics, economy, industry and operation management level, and the possible investment risks shall be borne by the investors themselves.
(IV) there is no circulation restriction and locking arrangement for the shares issued this time, and the shares issued this time shall be circulated from the date of listing and trading on the Shanghai Stock Exchange. Investors must pay attention to the investment risk caused by the increase of stock circulation on the first day of listing.
(V) the offering price is 34.19 yuan / share. Investors are requested to judge the rationality of the offering price according to the following conditions.
1. The issue price is 34.19 yuan / share, and the corresponding P / E ratio is:
(1) 22.02 times (earnings per share shall be calculated by dividing the net profit attributable to the owner of the parent company in 2020 audited by an accounting firm before and after deducting non recurring profits and losses by the total share capital after this issuance); (2) 16.52 times (earnings per share shall be calculated by dividing the net profit attributable to the owner of the parent company in 2020 before and after deducting non recurring profits and losses audited by an accounting firm by the total share capital before this issuance). According to the industry classification guidelines for listed companies issued by CSRC, the industry of the issuer is "C29 rubber and plastic products industry". As of January 10, 2022 (T-3), the average static P / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. was 27.64 times.
The P / E ratio of listed companies whose main business is similar to that of the issuer is as follows:
Before January 10, 2022, the 2020 earnings per share will be closed in 2020. The 2020 static securities code securities are referred to as 20 trading days. The average price earnings (yuan / share) P / E ratio (Times) (including the current day) (yuan / share)
688398 Fujian Supertech Advanced Material Co.Ltd(688398) 50.27 0.9628 52.21
002676 Guangdong Sunwill Precising Plastic Co.Ltd(002676) 4.48 0.0293 152.90
603726 Zhejiang Langdi Group Co.Ltd(603726) 14.95 0.5701 26.22
Average 77.11
Data source: wind information, as of January 10, 2022.
Note: 1. There may be mantissa difference in the calculation of this table, which is caused by rounding.
2. The earnings per share of comparable listed companies in 2020 shall be calculated by dividing the net profit attributable to the owner of the parent company in 2020 audited by an accounting firm before and after deducting non recurring profits and losses by the total common share capital of comparable listed companies as of January 10, 2022.
The issuance price of 34.19 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 22.02 times, lower than the static P / E ratio of the industry in the latest month and the average p / E ratio of comparable companies released by China Securities Index Co., Ltd. However, there is still a risk that the decline of the issuer's share price will bring losses to investors in the future. 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.
(VI) draw investors' attention to the difference between the issue price and the offline investors' quotation. For the offline investors' quotation, please refer to China Securities Journal, Shanghai Securities News, securities times, securities daily and the website of Shanghai Stock Exchange (www.sse. Com. CN.) published on January 12, 2022 Announcement on initial public offering of Anhui wanlang magnetic plastic Co., Ltd.
(VII) the pricing of this offering follows the market-oriented pricing principle. In the preliminary inquiry stage, offline investors quote based on the real subscription intention. The issuer and the sponsor (lead underwriter) comprehensively consider the issuer's fundamentals, industry, market conditions, valuation level of Listed Companies in the same industry, demand for raised funds, underwriting risk and other factors according to the preliminary inquiry results, Negotiate and determine the issue price. Any investor who participates in the subscription shall be deemed to have accepted the issue price; If there is any objection to the issue pricing method and issue price, it is recommended not to participate in this issue.
(VIII) 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.
(IX) based on the issue price of 34.19 yuan / share and the number of 20.75 million shares, the total amount of funds raised by the issuer is expected to be 709.4425 million yuan. After deducting the issue expenses of 136.5158 million yuan, the net amount of funds raised is expected to be 572.9267 million yuan, which does not exceed the investment amount of 572.9267 million yuan proposed to be used by the issuer for the project raised and invested in this time disclosed in the prospectus. 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.
(x) for the subscription of this offering, any investor can only choose offline or online, and all investors participating in offline quotation, subscription and placement shall no longer participate in online subscription; A single investor can only use one qualified account for subscription, and any subscription contrary to the above provisions shall be invalid. （11） After the completion of this offering, it shall be approved by the Shanghai Stock Exchange before it can be publicly listed and traded on the Shanghai Stock Exchange. If the approval is not obtained, the shares issued this time will not be listed, and the issuer will return them to the investors participating in the online subscription according to the issue price plus the bank deposit interest for the same period.
（12） All shares of the issuer are tradable. For the limited sale period of shares before this offering, please refer to the prospectus intention for the relevant commitment and arrangement of the limited sale period. The above arrangement of limited sale of shares is a voluntary commitment made by relevant shareholders in accordance with relevant laws and regulations based on the governance needs of the issuer and the stability of operation and management.
（13） Investors are requested to pay attention to risks. In case of the following circumstances, the issuer and the recommendation institution (lead underwriter) will negotiate to take measures to suspend the issuance:
(1) After offline subscription, the actual total subscription amount of the placing object with effective quotation is less than the initial offline issuance quantity;
(2) If the online subscription is insufficient, the offline investor fails to subscribe in full after the insufficient part is dialed back to the offline;
(3) The total number of shares subscribed by offline and online investors is less than 70% of the number of this public offering;
(4) The issuer's major post meeting events in the issuance process affect the issuance;
(5) The CSRC may order the issuer and the recommendation institution (lead underwriter) to suspend or suspend the issuance and investigate and deal with the relevant matters if it is found that there are suspected violations of laws and regulations or abnormal circumstances in the process of securities issuance and underwriting.
In case of the above circumstances, the issuer and the recommendation institution (lead underwriter) will timely announce the reasons for suspension of issuance, resumption of issuance arrangements and other matters. After the suspension of issuance, within the validity period of the issuance approval document and after filing with the CSRC, the issuer and the recommendation institution (lead underwriter) will choose the opportunity to restart the issuance.
（14） The issuer and the sponsor (lead underwriter) solemnly remind investors that investors should adhere to the concept of value investment and participate in the subscription of this issuance. We hope that investors who recognize the investment value of the issuer and hope to share the growth achievements of the issuer will participate in the subscription. This special announcement on investment risk does not guarantee to reveal all the investment risks of this issuance. It prompts and recommends investors to fully and deeply understand the characteristics and risks of the securities market, rationally evaluate their own risk tolerance, and independently make a decision on whether to participate in this issuance and subscription according to their own economic strength, investment experience, risk and psychological tolerance.
Issuer: sponsor (lead underwriter) of Anhui wanlang magnetic plastic Co., Ltd.: Guoyuan Securities Company Limited(000728) January 12, 2022
(there is no text on this page, which is the seal page of the special announcement on investment risk of initial public offering of Anhui wanlang Magnetic Plastics Co., Ltd.)
Anhui wanlang magnetic plastic Co., Ltd
