Runbei Aviation Technology Co., Ltd
Announcement on postponement of initial public offering
Sponsor (lead underwriter): Guosen Securities Co.Ltd(002736)
hot tip
Runbei Aviation Technology Co., Ltd. (hereinafter referred to as "runbei aviation technology", "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. 196]) Organize the implementation of this initial public offering in accordance with the relevant provisions of the code for underwriting business of initial public offering (Zhong Zheng Xie Fa [2018] No. 142) (hereinafter referred to as the "business code") and the detailed rules for the implementation of online issuance of initial public offering in Shenzhen market (SZS [2018] No. 279, hereinafter referred to as the "detailed rules for the implementation of online issuance"). 1. Please pay attention to the key contents of the issuance process, subscription and payment:
(1) This issuance adopts the direct pricing method, and all shares are issued online to the social public investors holding the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as the "market value"), without offline inquiry and placement;
(2) The issue price: 29.20 yuan / share. On June 15, 2022 (t day, Subscription Date), the investor applies for the purchase through the trading system of Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange") and online subscription by market value. The investor does not need to pay the subscription fund when making online subscription, and the online subscription time is 9:15-11:30 and 13:00-15:00;
(3) Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares on their behalf;
(4) After winning the lottery of new shares, online investors shall fulfill their payment obligations in accordance with the announcement of lottery results of online pricing issuance announced on June 17, 2022 (T + 2). When making payment, online investors shall abide by the relevant provisions of the securities company where the investor belongs. The successful investor shall ensure that his capital account has sufficient subscription funds for new shares on June 17, 2022 (T + 2), and the insufficient part shall be deemed to give up the subscription. The resulting consequences and relevant legal liabilities shall be borne by the investor. The successful investor abandons to subscribe for part of the shares and the invalid shares of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as "CSDCC") Shenzhen Branch shall be underwritten by the sponsor (lead underwriter) Guosen Securities Co.Ltd(002736) (hereinafter referred to as "sponsor (lead underwriter)" or " Guosen Securities Co.Ltd(002736) );
(5) When the number of shares subscribed by online investors is less than 70% of the number of this public offering, the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
(6) 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. The number of times of giving up subscription shall be calculated according to the number of times of investors actually giving up subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds.
2. The issuer and the sponsor (lead underwriter) Guosen Securities Co.Ltd(002736) solemnly remind investors to pay attention to investment risks and invest rationally. Carefully read this announcement and the special announcement on investment risks of initial public offering of runbei Aviation Technology Co., Ltd. (the first time) published in China Securities News, Shanghai Securities News, securities times and Securities Daily on the same day.
Valuation and investment risk tips
The investment of new shares has great market risks. Investors need to fully understand the investment risks of new shares, carefully study the risks disclosed in the issuer's prospectus, fully consider the following risk factors, and prudently participate in the subscription of new shares:
1. According to the guidelines for Industry Classification of listed companies (revised in 2012) issued by the CSRC, the industry of the issuer is "wholesale industry" (F51), and the static average p / E ratio of the industry published by China Securities Index Co., Ltd. in the latest month is 13.95 times (as of May 20, 2022). The issuance price of 29.20 yuan / share corresponds to the lower of the issuer's net profit before and after deducting the non recurring profit and loss in 2021. The diluted P / E ratio is 22.99 times (the earnings per share is calculated by dividing the audited net profit attributable to the shareholders of the parent company before and after deducting the non recurring profit and loss in 2021 by the total share capital after the issuance).
The P / E ratio of this offering is higher than the static average p / E ratio of the industry in the latest month issued by China Securities Index Co., Ltd. there is a risk that the issuer's valuation level will return to the industry average p / E ratio in the future, and the decline of share price will bring losses to new share investors. Please refer to it when making decisions.
According to the requirements of the measures on strengthening the supervision of new share issuance (CSRC announcement [2014] No. 4 document), the issuer and the sponsor (lead underwriter) will continuously issue special announcements on investment risks within three weeks before online subscription. The announcements will be on May 23, 2022, May 30, 2022 and June 6, 2022 respectively. Please pay attention to them.
2. The number of shares in this public offering is 20 million. All shares in this offering are new shares, and there is no transfer of old shares. The issuer plans to use the raised capital for the project of raising investment in this offering, with an investment amount of 473080200 yuan. If the issuance is successful, based on the price of 29.20 yuan / share and the number of shares issued 20 million shares, the total amount of funds raised is expected to be 584 million yuan. After deducting the estimated issuance cost of 1109198 million yuan (excluding tax), the net amount of funds raised is expected to be 4730802 million yuan, which does not exceed the amount of funds raised expected to be used by the issuer for the project.
3. The company's operating revenue in 2021 was 696698400 yuan, a year-on-year decrease of 3.56% compared with 2020; The operating profit was 1622691 million yuan, a year-on-year increase of 79.72% over 2020; The total profit was 1623056 million yuan, an increase of 84.52% over the same period in 2020; The net profit attributable to the owners of the parent company was 1292831 million yuan, a year-on-year increase of 94.14% over 2020; After deducting non recurring profits and losses, the net profit attributable to the owners of the parent company was 1016014 million yuan, a year-on-year increase of 49.43% over 2020.
The operating revenue of the company in the first quarter of 2022 was 123009 million yuan, a year-on-year decrease of 28.82% compared with the first quarter of 2021; The operating profit was 228189 million yuan, a year-on-year decrease of 18.66% compared with the first quarter of 2021; The total profit was 228352 million yuan, a year-on-year decrease of 18.58% compared with the first quarter of 2021; The net profit attributable to the owners of the parent company was 188096 million yuan, a year-on-year decrease of 18.68% compared with the first quarter of 2021; After deducting non recurring profits and losses, the net profit attributable to the owners of the parent company was 17.748 million yuan, a year-on-year decrease of 20.17% compared with the first quarter of 2021.
Mainly affected by the covid-19 epidemic in the first quarter of 2022, the demand of downstream customers for aviation materials decreased.
From January to June 2022, the estimated operating revenue is 260 million yuan to 370 million yuan, with a year-on-year increase of - 28.16% to 2.23%; From January to June 2022, the net profit attributable to the shareholders of the parent company is expected to be 27 million yuan to 38 million yuan, with a year-on-year increase of - 27.12% to 2.57%; From January to June 2022, the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses is expected to be 26 million yuan to 38 million yuan, with a year-on-year increase of - 22.31% to 13.54%. (the data from January to June 2022 is the preliminary calculation data of the company's financial department, which has not been audited and reviewed, and does not constitute the company's profit forecast or performance commitment.)
In particular, investors are reminded to pay attention to the risk of fluctuations in the company's performance, quote prudently and participate in investment rationally.
Important tips
1. The application of runbei Aviation Technology Co., Ltd. for the initial public offering of no more than 20 million RMB common shares (A shares) (hereinafter referred to as "this offering") has been approved by the CSRC's CSRC permit [2022] No. 978.
2. This offering is conducted by online subscription according to the market value and direct pricing (hereinafter referred to as "online issuance") from the social public investors holding the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market. There is no offline inquiry and placement, and it is planned to be listed on the main board of Shenzhen Stock Exchange. Online issuance is carried out through the trading system of Shenzhen Stock Exchange. The online subscription is referred to as "runbei aviation branch" for short, and the online subscription code is "001316". 3. The issuer issued 20 million shares to the public this time, including 20 million shares issued online, accounting for 100% of the total issued this time. The total share capital of the issuer before this issuance is 60 million shares, and after this issuance, the total share capital of the issuer is 80 million shares. All the shares issued this time are new shares, and the transfer of old shares is not arranged. The shares issued this time have no circulation restrictions and locking arrangements.
4. The issuer and the recommendation institution (lead underwriter) comprehensively consider the issuer's fundamentals, industry, valuation level of comparable companies, market conditions, demand for raised funds, underwriting risk and other factors, and negotiate to determine the issuance price of 29.20 yuan / share. The price earnings ratio corresponding to this issue price is:
(1) 22.99 times (earnings per share is calculated by dividing the lower of the net profit attributable to the shareholders of the parent company before and after deducting non recurring profits and losses audited by the accounting firm in accordance with Chinese accounting standards in 2021 by the total share capital after this public offering);
(2) 17.24 times (earnings per share is calculated by dividing the lower of the net profit attributable to the shareholders of the parent company before and after deducting non recurring profits and losses audited by an accounting firm in accordance with Chinese accounting standards in 2021 by the total share capital before this public offering).
5. If the offering is successful, the total amount of funds raised by the issuer is expected to be 584 million yuan. After deducting the issuance fee of 1109198 million yuan (excluding tax), the net amount of funds raised is expected to be 473080200 yuan, which does not exceed the amount of funds raised for the project raised and invested in the offering disclosed in the prospectus. The use plan of the issuer's raised funds and other relevant information have been disclosed in the prospectus for initial public offering of shares of runbei Aviation Technology Co., Ltd. on May 23, 2022. The full text of the prospectus can be found on http://www.cn.info.com.cn Query.
6. Important issues of online distribution
(1) Online subscription
① The online subscription time is: 9:15-11:30 and 13:00-15:00 on June 15, 2022 (t day). Online investors shall independently express their purchase intention and shall not fully entrust securities companies to purchase new shares on their behalf.
② Investors who open securities accounts in CSDCC Shenzhen Branch before June 15, 2022 and hold non restricted A-Shares and non restricted depositary receipts in Shenzhen market with a market value of more than 10000 yuan (including 10000 yuan) in the 20 trading days before June 13, 2022 (T-2, inclusive) can participate in online subscription.
③ Investors shall determine their online subscription quota according to the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market. According to the daily average holding market value of investors in the 20 trading days (including T-2 days) before June 13, 2022 (T-2 days), if the opening time of securities account is less than 20 trading days, the daily average holding market value shall be calculated according to 20 trading days. Investors with a market value of more than 10000 yuan (including 10000 yuan) can participate in the subscription of new shares. One subscription unit can be subscribed for every 5000 yuan market value, and the part less than 5000 yuan is not included in the subscription limit, Each subscription unit is 500 shares, and the number of subscription units shall be 500 shares or integral multiples thereof, but the maximum subscription amount shall not exceed one thousandth of the number of shares issued online this time, that is, it shall not exceed 20000 shares, and shall not exceed the upper limit of its subscription amount calculated according to the market value. If the subscription amount exceeds the online subscription amount calculated according to the market value, China Clearing Shenzhen Branch will invalidate the excess part; For the subscription of new shares whose subscription amount exceeds the online subscription limit of 20000 shares, the trading system of Shenzhen Stock Exchange will be deemed invalid, automatically revoked and not confirmed.
④ Investors do not need to pay subscription funds when making subscription.
⑤ Once the subscription entrustment of new shares is declared, it shall not be cancelled. Investors who participate in online subscription can only use one securities account with market value. If the same investor uses multiple securities accounts to participate in the subscription of the same new share, CSDCC Shenzhen Branch will regard the subscription of the investor's first securities account with market value confirmed by the trading system of Shenzhen Stock Exchange as an effective subscription, and invalidate the other subscriptions. For each new share issue, each securities account can only be subscribed once. If the same securities account participates in the subscription of the same new share for many times, CSDCC Shenzhen Branch will make the first subscription confirmed by the trading system of Shenzhen Stock Exchange as a valid subscription. If an investor holds multiple securities accounts, the market value of multiple securities accounts shall be calculated jointly. The principle of confirming that multiple securities accounts are held by the same investor is that the "account holder name" and "valid identity document number" in the securities account registration data are the same. The registration data of securities account shall be subject to the end of T-2 day.
The market value of the credit securities account of the margin trading customer is calculated into the market value held by the investor, and the market value of the refinancing guarantee securities detailed account of the securities company is calculated into the market value held by the securities company.
(2) Subscription contribution
① After winning the lot in the subscription of new shares by online investors, they shall be in accordance with the announcement on the results of lottery in online pricing issuance
Fulfill the obligation of payment and ensure that its capital account will have sufficient funds for the subscription of new shares on June 17 (T + 2) 2022. The insufficient part shall be deemed to have given up the subscription, and the resulting consequences and relevant legal liabilities shall be borne by the investors themselves. investment
