China Securities Co.Ltd(601066)
about
Shandong Sanyuan Biotechnology Co., Ltd. made an initial public offering and was listed on the gem
of
Listing recommendation
Sponsor
November, 2001
Statement of recommendation institution and recommendation representative
China Securities Co.Ltd(601066) and Lu danjun and Chen Lei, the sponsor representatives of the project, have been honest, trustworthy, diligent and responsible in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China and other laws and regulations as well as the relevant provisions of the CSRC and Shenzhen Stock Exchange, and have issued the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated in accordance with the law, And ensure that the documents issued are true, accurate and complete.
catalogue
1、 Basic information of the issuer six
(I) overview of the issuer six
(II) main business of the issuer six
(III) core technology of the issuer seven
(IV) R & D level of the issuer nine
(V) main operating and financial data and indicators of the issuer ten
(VI) main risks of the issuer 10. II. The issuer’s current offering 13 III. information of the sponsor representative, CO sponsor and other members of the project team for this securities issuance and listing fourteen
(I) the sponsor representative specifically responsible for the recommendation of this securities issuance fourteen
(II) Co sponsor of this securities issuance project fourteen
(III) other members of the securities issuance project team 14 IV. explanation on whether the recommendation institution has any circumstances that may affect the fair performance of recommendation duties V. internal audit procedures and core opinions of the recommendation institution on this securities issuance sixteen
(I) internal audit procedures of the recommendation institution sixteen
(II) core opinions of the sponsor on the project Vi. matters that the recommendation institution should undertake in accordance with relevant provisions 17 VII. Explanation of the recommendation institution on whether the issuer has fulfilled the decision-making procedures stipulated in the company law, the securities law and the CSRC and Shenzhen stock exchange for this securities issuance and listing eighteen
(I) approval of the board of Directors eighteen
(II) approval of the general meeting of shareholders VIII. The sponsor’s statement on whether this securities listing meets the listing conditions of the Shenzhen Stock Exchange GEM Listing Rules 18 IX. work arrangement during continuous supervision 21 X. recommendation conclusion of the sponsor on the project twenty-two
interpretation
In this listing recommendation letter, unless otherwise specified, the following words have the following specific meanings: the issuer, the company, the company, Shandong Sanyuan Biotechnology Co., Ltd. and Sanyuan Biotechnology Co., Ltd
Sanyuan Biotechnology Co., Ltd. refers to Binzhou Sanyuan Biotechnology Co., Ltd
Sullivan means Frost & Sullivan frost Sullivan consulting
CSRC and CSRC refer to China Securities Regulatory Commission
Sponsor, lead underwriter, refers to the lawyer of China Securities Co.Ltd(601066) China Securities Co.Ltd(601066) securities issuer, Beijing Guofeng refers to the accountant of the issuer of Beijing Guofeng law firm, and Shanghui refers to the accountant of Shanghui accounting firm (special general partnership)
TIH in the United States means the progressive house, LLC
American ADM means Archer Daniels Midland Company
Saraya refers to Saraya Co., Ltd. and its affiliates. Subsidiaries in various countries and regions are represented by country and region names and company abbreviations, such as American Saraya, Hong Kong Saraya, etc
Coca Cola means Coca Cola beverage (Shanghai) Co., Ltd
Yuanqi forest refers to Yuanqi forest (Beijing) Food Technology Group Co., Ltd. and its subsidiaries
Jinmailang refers to jinmailang beverage (Zhengzhou) Co., Ltd
Hankou plant 2 refers to Wuhan hengrunshi Operation Management Co., Ltd
Nongnongshan spring refers to nongnongshan spring Co., Ltd. and its related parties
Unified means unified enterprise and its subsidiaries
Halo top refers to the ice cream brand of wells enterprises, Inc
Perfect China means perfect (China) Co., Ltd. and its subsidiaries
Southern Nanfang Black Sesame Group Co.Ltd(000716) paste refers to Nanfang Black Sesame Group Co.Ltd(000716)
Merisant refers to merisant us, Inc, a well-known manufacturer of low sugar and low calorie products in the United States, which has a number of brand products including equal and canderel
Unilever means Unilever group and its subsidiaries
Danone means Danone Group of France and its subsidiaries
Truvia refers to Truvia company, LLC. Truvia natural sweetener is the top natural zero calorie brand in the U.S. market, and its products mainly use Stevia and erythritol
Company law means the company law of the people’s Republic of China
Securities Law means the securities law of the people’s Republic of China
Listing Rules refer to Shenzhen Stock Exchange GEM Listing Rules (revised in 2020)
The Administrative Measures refer to the measures for the administration of the registration of initial public offerings on the gem (for Trial Implementation)
Articles of association / articles of association refers to the articles of association of Shandong Sanyuan Biotechnology Co., Ltd
The articles of Association (Draft) of Shandong Sanyuan Biotechnology Co., Ltd. formulated to adapt to the public offering and listing on the gem refers to the articles of Association (Draft) of Shandong Sanyuan Biotechnology Co., Ltd., which shall take effect from the date of the company’s initial public offering and listing
This issuance refers to the issuance of no more than 33721000 ordinary shares (A shares) by the company
The prospectus refers to the prospectus of Shandong Sanyuan Biotechnology Co., Ltd. for initial public offering and listing on the gem
The general meeting of shareholders refers to the general meeting of shareholders of Shandong Sanyuan Biotechnology Co., Ltd
The board of directors refers to the board of directors of Shandong Sanyuan Biotechnology Co., Ltd
The board of supervisors refers to the board of supervisors of Shandong Sanyuan Biotechnology Co., Ltd
The last three years and the first report refer to 2018, 2019, 2020 and January June 2021
stage
The end of each reporting period refers to December 31, 2018, December 31, 2019, December 31, 2020 and June 30, 2021
Yuan means RMB yuan
2、 Professional interpretation
Sweeteners refer to food additives that can give sweetness to food and beverages
Polyols prepared by certain methods from corresponding monosaccharides. Common sugar alcohols include sorbitol, mannitol, erythritol, maltitol, lactose alcohol, xylitol, etc. they usually have the characteristics of sweetness and heat lower than sucrose and do not increase blood sugar
The molecular formula C6H12O6 is the most widely distributed and important monosaccharide in nature. Glucose refers to the energy source and metabolic intermediate product of living cells, that is, the main energy supply material of organisms; In the fermentation industry, glucose, as the carbon source of fermentation, is the main material of fermentation medium
The main component of sugar is a kind of disaccharide, which is an important food and sweet condiment. It is divided into white granulated sugar, red granulated sugar, soft white sugar, rock sugar, crude sugar (yellow sugar), etc; Sucrose refers to the decomposition of sucrose into fructose and glucose through digestive juice in the human digestive system, which is absorbed by the small intestine. It has high calories. Excessive intake is easy to cause health problems such as dental caries and obesity
Erythritol refers to a kind of sugar alcohol. It is a four carbon sugar alcohol with the molecular formula of c4h10o4. It does not participate in human metabolism. It has many advantages, such as extremely low calories, no rise of blood sugar, good coordination of sweetness and so on
Compound sugar refers to the product made by uniformly mixing different kinds of sugar in a certain proportion
Yarrowia lipolytica refers to the Chinese translation of Yarrowia lipolytica (also known as Candida lipolytica), also known as Candida lipolytica, Yersinia lipolytica, etc
Fermentation medium refers to the carbon source, nitrogen source, inorganic salt, water and other fermentation substrates used for the growth, reproduction and synthesis of strains
After the erythritol fermentation broth is concentrated and crystallized for many times to extract erythritol, the residual myxoerythritol Mother Liquor refers to a thick liquid, which still contains a certain amount of erythritol and other miscellaneous sugar fusels
Conversion rate refers to the ratio of raw material glucose into erythritol after being put into the fermentation process and fermented by the fermentation strain in this prospectus
In this prospectus, the extraction rate refers to the ratio of erythritol that can be extracted from the fermentation broth containing erythritol to the total content of erythritol by using specific technologies and equipment
M2 and M3 refer to square meters and cubic meters
1、 Basic information of the issuer (I) overview of the issuer
Company name: Shandong Sanyuan Biotechnology Co., Ltd
Registered address: No. 89, ZhangFu Road, Binbei, Binzhou City, Shandong Province
Date of establishment: January 26, 2007
Registered capital: 101.1628 million yuan
Legal representative: Nie Zaijian
Secretary of the board of directors: Wei Zhongyong
Tel.: 0543-3529859
Internet address: www.sanyuanbz.com com.
Main business: R & D, production and sales of new sweeteners based on erythritol and compound sugar products
Type of securities issuance: initial public offering of common shares and listing on GEM (II) main business of the issuer
Since its establishment in 2007, the company has focused on cultivating erythritol products for more than ten years, successively overcome the process problems in many links such as strain breeding, formula optimization, fermentation control and crystallization extraction, and gradually become one of the leaders in the global erythritol industry.
According to Sullivan’s research data, in 2019, the company’s erythritol output accounted for 54.90% of China’s total erythritol output and 32.94% of the global total output, making it the largest enterprise in the global erythritol industry. On the basis of consolidating the advantageous position of erythritol industry, the company complies with the changing trend of market application,
