Zhejiang Lianxiang smart home Co., Ltd
IPO arrangement and preliminary inquiry announcement
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
hot tip
Zhejiang Lianxiang smart home Co., Ltd. (hereinafter referred to as “Lianxiang shares”, “issuer” or “company”) in accordance with the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as the “administrative measures”) and the measures for the administration of initial public offering and listing (CSRC order [No. 173]) The code for underwriting business of initial public offering (zxsf [2018] No. 142) (hereinafter referred to as the “business code”), the detailed rules for placing initial public offering shares (zxsf [2018] No. 142), the detailed rules for the administration of offline investors in initial public offering shares (zxsf [2018] No. 142) (hereinafter referred to as the “detailed rules for the administration of investors”) Organize the implementation of IPO in accordance with relevant provisions such as the detailed rules for the implementation of online IPO in Shanghai market (SZF [2018] No. 40) (hereinafter referred to as “the detailed rules for the implementation of online IPO”) and the detailed rules for the implementation of offline IPO in Shanghai market (SZF [2018] No. 41) (hereinafter referred to as “the detailed rules for the implementation of offline IPO”).
The initial inquiry and offline subscription of this offering are conducted through the offline subscription electronic platform of Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) (hereinafter referred to as “subscription platform”). Offline investors are requested to carefully read this announcement. For details of preliminary inquiry and offline subscription, please refer to the website of Shanghai Stock Exchange（ http://www.sse.com.cn. ）The detailed rules for the implementation of offline issuance and other relevant provisions.
Investors are kindly requested to focus on the issuance process, online and offline subscription, payment and suspension of issuance. The specific contents are as follows:
1. The offline issuance and Subscription Date and online subscription date are the same as May 10, 2022 (t day), in which the offline subscription time is 9:30-15:00, and the online subscription time is 9:30-11:30 and 13:00-15:00. Investors do not need to pay subscription funds when making online and offline subscription on May 10, 2022 (t day).
2. After the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities” or “recommendation institution (lead underwriter)”) will quote the placing objects of all qualified offline investors from high to low according to the proposed purchase price, and from small to large according to the proposed purchase quantity of the placing objects at the same proposed purchase price For the same proposed purchase price and the same proposed purchase quantity, it shall be sorted from late to early according to the declaration time (the declaration time shall be subject to the record of the subscription platform of Shanghai Stock Exchange), the same proposed purchase price and the same proposed purchase quantity shall be sorted from the last to the top according to the order of the placing objects automatically generated by the offline subscription platform of Shanghai Stock Exchange at the same declaration time, and the quotation of the placing objects with the highest quotation shall be excluded, The excluded proposed subscription amount shall not be less than 10% of the total proposed subscription amount of offline investors. When the maximum subscription price is the same as the determined issuance price, the subscription of this price can no longer be excluded, and the exclusion ratio can 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 on their behalf.
4. Offline investors shall, according to the announcement on offline preliminary placement results and online winning results of initial public offering of shares by Zhejiang Lianxiang smart home Co., Ltd. (hereinafter referred to as “announcement on offline preliminary placement results and online winning results”), pay the subscription funds for new shares in full and on time before 16:00 on May 12, 2022 (T + 2).
After online investors win the subscription of new shares, they shall fulfill 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 May 12 (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 abandoned by offline and online investors 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. See “Xi. Suspension of issuance” in this announcement for specific suspension terms. 6. If the offline investors with valid quotation fail to participate in the subscription or obtain the preliminary placement, and the offline investors 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 of contract to the China Securities Association for the record.
If online investors fail to pay in full after winning the lottery for three times in a row within 12 months, they shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant’s latest declaration of abandonment of subscription.
7. Investors need to fully understand the relevant laws and regulations on the issuance of new shares, carefully read the contents of this announcement, know the pricing principles and placement principles of this issuance, ensure that they are not prohibited from participating in offline inquiry before submitting the quotation, and ensure that their subscription quantity and future shareholding comply with the relevant laws and regulations and the provisions of the competent authorities. Once the investor submits the quotation, the sponsor (lead underwriter) shall be deemed as the investor’s commitment: the investor’s participation in this quotation complies with the provisions of laws and regulations and this announcement, and all violations and corresponding consequences arising therefrom shall be borne by the investor.
8. In 2021, the company achieved an operating revenue of 2793606 million yuan, an increase of 9.86% over 2020; The net profit attributable to the owners of the parent company was 670467 million yuan, an increase of 5.16% over 2020; After deducting non recurring profits and losses, the net profit attributable to the owner of the parent company was 614783 million yuan, an increase of 22.33% over 2020.
According to the company’s current production and operation conditions such as orders in hand and market demand, the company reasonably expects to realize an operating revenue range of 52 million yuan to 54 million yuan in the first quarter of 2022. According to the company’s operating income, costs and expenses, the company expects that the net profit attributable to the shareholders of the parent company in the first quarter of 2022 will be 8.7921 million yuan to 9.2079 million yuan, an increase of 6.69% to 11.79% compared with 8.2409 million yuan attributable to the shareholders of the parent company in the first quarter of 2021; It is estimated that the net profit attributable to shareholders of the parent company after deducting non recurring profits and losses in the first quarter of 2022 will be 7.8337 million yuan to 8.2495 million yuan, an increase of 0.02% to 5.33% compared with 7.8319 million yuan attributable to shareholders of the parent company after deducting non recurring profits and losses in the first quarter of 2021.
The increase in revenue was mainly due to the weakening of its negative impact on the market after the normalization of the epidemic, as well as the year-on-year increase in the sales of the company’s tooling customer business and curtain products, resulting in a steady increase in the company’s overall sales.
The above performance of the first quarter of 2022 is the preliminary expected data of the company and does not constitute the company’s profit forecast or performance commitment.
Investors are hereby reminded to pay attention to the risk of performance fluctuation of the issuer, quote prudently and participate in decision-making rationally.
Important tips
1. The application of Lianxiang shares for the initial public offering of 25906750 ordinary shares (A shares) (hereinafter referred to as “this offering”) has been approved by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) zjxk [2022] No. 820. The sponsor (lead underwriter) of this offering is China Securities Co.Ltd(601066) . The issuer’s shares are referred to as “Lianxiang shares” for short, and the stock code is “603272”, which is also used for the preliminary inquiry and offline subscription of this issuance. The online subscription code of this issuance is “732272”.
According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of Lianxiang Co., Ltd. is “culture and education, industrial beauty, sports and entertainment products manufacturing industry (C24)”. China Securities Index Co., Ltd. has released the industry average p / E ratio. Please refer to it when making decisions.
2. This offering is conducted through a combination of offline inquiry and placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-Shares or non restricted depositary receipts in Shanghai market with a certain market value (hereinafter referred to as “online issuance”). The issuer and the recommendation institution (lead underwriter) will directly determine the issuance price through the offline preliminary inquiry, and the offline cumulative bidding inquiry will not be conducted. The preliminary inquiry and offline issuance shall be organized and implemented by the sponsor (lead underwriter) through the subscription platform of Shanghai Stock Exchange, and the online issuance shall be conducted through the trading system of Shanghai Stock Exchange (hereinafter referred to as the “trading system”).
The website of the subscription platform of Shanghai Stock Exchange is: https://ipo.uap.sse.com.cn./ipo 。 Qualified offline investors are invited to participate in the preliminary inquiry and offline subscription of this offering through the above website. The time of quotation and inquiry through the subscription platform is 9:30-15:00 every trading day during the preliminary inquiry and offline subscription. Please refer to the website of Shanghai stock exchange for relevant operation measures of the subscription platform（ http://www.sse.com.cn. ）- Services – relevant provisions in the column of IPO business, such as the detailed rules for the implementation of offline issuance, the user manual of offline IPO system, subscription trader volume and so on. 3. The public offering of 25906750 shares is a public offering of new shares, and the shareholders of the company will not make a public offering of shares. The shares issued this time have no circulation restrictions and locking arrangements. The total share capital after the public offering is 103627 million shares, and the public offering is 25906750 million shares, accounting for about 25.00% of the total share capital after the offering.
The initial number of offline shares issued this time is 15544750 shares, accounting for 60.00% of the total issued this time; The initial number of shares issued online was 10.362 million, accounting for 40.00% of the total issued this time. Offline and online investors do not need to pay subscription funds when applying for subscription.
4. The term “offline investors” as mentioned in this announcement refers to individual investors and institutional investors participating in offline issuance. The “placing object” mentioned in this announcement refers to the investors participating in the offline issuance or the securities investment products managed by them. Offline investors shall complete the registration of placing objects in China Securities Association before 12:00 of the trading day before the initial inquiry (i.e. April 28, 2022 (T-5)).
The recommendation institution (lead underwriter) has formulated the standards for offline investors in accordance with the requirements of the management measures, business specifications and other relevant systems. See “II. Relevant arrangements for investors to participate in offline inquiry” in this announcement for specific standards and arrangements.
Only investors who meet the requirements of offline investor standards determined by the sponsor (lead underwriter) and the issuer can participate in this preliminary inquiry. All the consequences arising from the non-compliance of the preliminary inquiry shall be borne by the participants themselves. The sponsor (lead underwriter) will set its quotation as invalid on the subscription platform and disclose the relevant information in the announcement on the initial public offering of Zhejiang Lianxiang smart home Co., Ltd. (hereinafter referred to as the “issuance announcement”).
Investors are reminded that the recommendation institution (lead underwriter) will check whether there are prohibitions for offline investors before the preliminary inquiry and placement, and require offline investors to provide commitments and supporting materials that meet the qualification requirements. If the offline investors refuse to cooperate with the verification or the materials provided by them are not enough to exclude the existence of prohibitive circumstances, or do not meet the placement qualification after verification, the recommendation institution (lead underwriter) will refuse them to participate in the preliminary inquiry and placement.
5. The issuer and the sponsor (lead underwriter) will conduct the online roadshow of this offering on May 9, 2022 (t-1). For specific information about the online roadshow, please refer to the online roadshow announcement on the initial public offering of shares by Zhejiang Lianxiang smart home Co., Ltd. published on May 6, 2022 (T-2). No on-site promotion meeting will be held for this offering.
6. The initial inquiry time of this issuance is 9:30-15:00 on April 29, 2022 (T-4). Within the above time, qualified offline investors can decide whether to participate in the preliminary inquiry and determine the purchase price and the proposed purchase quantity by themselves. Those who participate in the preliminary inquiry must report uniformly through the subscription platform in accordance with the regulations, and bear the corresponding legal responsibilities.
7. The quotation of offline investors and their managed placing objects shall include the price per share and the number of shares to be purchased corresponding to the price, and there can only be one quotation, among which non individual investors shall quote on the basis of institutions. Offline investors shall submit the quotation records for all placing objects to be involved in the quotation at one time after entering the quotation records. Offline investors can submit quotation records for many times, but all quotation records submitted last time shall prevail. Each placing object can only submit one quotation at a time.
Considering the initial offline issuance quantity in this preliminary inquiry stage and the valuation of the issuer by the sponsor (lead underwriter), the sponsor (lead underwriter) sets the minimum proposed subscription quantity of each placement object managed by offline investors as 1.5 million shares and the minimum change unit of the proposed subscription quantity as 100000 shares, That is, the part of each placement object managed by offline investors whose proposed subscription number exceeds 1.5 million shares must be an integral multiple of 100000 shares and no more than 4.3 million shares. The minimum unit of quotation of the placing object is 0.01 yuan.
8. The issuer and the recommendation institution (lead underwriter) will publish the quotation of offline investors, the issuance price, the final issuance quantity and the list of effective quotation investors in the issuance announcement published on May 9, 2022 (t-1).
9. The time for offline subscription is 9:30-15:00 on May 10, 2022 (t day). Full information published in the issuance announcement
