Donghai Securities Co., Ltd
about
Ningbo Huaxiang Electronic Co.Ltd(002048) non public offering of A-Shares in 2021
of
Listing recommendation
Sponsor (lead underwriter)
January 2002
Donghai Securities Co., Ltd. on Ningbo Huaxiang Electronic Co.Ltd(002048)
Letter of recommendation for the listing of non-public offering of A-Shares in 2021
Shenzhen Stock Exchange:
With the approval of the reply on approving Ningbo Huaxiang Electronic Co.Ltd(002048) non-public offering of shares (zjxk [2021] No. 2735) of China Securities Regulatory Commission (hereinafter referred to as “CSRC”), Ningbo Huaxiang Electronic Co.Ltd(002048) (hereinafter referred to as “issuer”, “company” or ” Ningbo Huaxiang Electronic Co.Ltd(002048) “) non-public issuance of no more than 187868194 A shares to specific objects. Donghai Securities Co., Ltd. (hereinafter referred to as “Donghai securities”) is entrusted by Ningbo Huaxiang Electronic Co.Ltd(002048) to act as the sponsor and lead underwriter of Ningbo Huaxiang Electronic Co.Ltd(002048) this non-public offering of A-Shares (hereinafter referred to as “this offering” or “this non-public offering”). Donghai Securities believes that Ningbo Huaxiang Electronic Co.Ltd(002048) ‘s application for this non-public offering of A-Shares and listing complies with the relevant provisions of the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the measures for the administration of securities issuance of listed companies, the detailed rules for the implementation of non-public offering of shares by listed companies and the stock listing rules of Shenzhen Stock Exchange, It is recommended that its shares be listed and traded on your exchange. The relevant information is reported as follows: I. name of recommendation institution
Donghai Securities Co., Ltd. 2、 Sponsor designated by the sponsor
Donghai securities designated Wang jiangqin and Xu Qin as the sponsor representatives of Ningbo Huaxiang Electronic Co.Ltd(002048) this non-public offering. 3、 Name of the sponsor
Ningbo Huaxiang Electronic Co.Ltd(002048) 。 4、 Basic information of the sponsor (I) overview of the issuer
Company name: Ningbo Huaxiang Electronic Co.Ltd(002048)
English Name: Ningbo Huaxiang Electronic Co., Ltd
Registered address: Xiangxi Development Zone, Xizhou Town, Xiangshan County
Stock abbreviation and code: 002048 SZ
Place of listing: Shenzhen Stock Exchange
Listing time: June 3, 2005
The registered capital before the issuance was RMB 62627300
Legal representative: Zhou Xiaofeng
Secretary of the board of directors: Han Mingyang
Unified social credit Code: 91330200610258383w
Postal Code: 315722
Internet address: http://www.nbhx.com.cn.
Email: stock- [email protected].
Tel.: 021-68949998
Contact Fax: 021-68942260
Manufacturing and processing of auto and motorcycle spare parts, electronic products, molds, instruments and instruments; Wholesale and retail of metal materials, building and decoration materials, hardware and electricity; House leasing and business scope: equipment leasing; Information technology consulting services; Wholesale of auto parts; Operate the export business of the self-produced products of the enterprise and the import business of mechanical equipment, spare parts and raw and auxiliary materials required by the enterprise, except for the commodities and technologies limited or prohibited by the state.
(II) main financial data and financial indicators of the last three years and the first period
1. Key financial data
(1) Main data of consolidated balance sheet
Unit: 10000 yuan
Project 2021.9.30 [note] 2020.12.31 2019.12.31 2018.12.31
Total assets 1931018.46 1910471.50 1713061.47 1626219.06
Total liabilities 747584.20 740117.19 662915.38 691568.10
Total shareholders’ equity 1183434.26 1170354.31 1050146.08 934650.96
Including: 1065005.99 1032950.01 914895.18 811208.80 East equity attributable to shareholders of the listed company
[note] the company’s financial data from January to September 2021 are unaudited, the same below.
(2) Main data of consolidated income statement
Unit: 10000 yuan
Project: January September 2021, 2020, 2019, 2018
Operating income 1289787.16 1689235.77 1709343.56 1492708.15
Operating cost 1058036.10 1366660.88 1366976.24 1197205.08
Operating profit 129544.93 129757.76 148281.29 119540.54
Total profit 129452.01 133308.62 151188.87 120903.94
Net profit 113373.06 112827.61 127261.77 101857.12
Including: 94282.28 84943.80 98111.12 73179.64 net profit attributable to shareholders of the listed company
(3) Main data of consolidated cash flow statement
Unit: 10000 yuan
Project: January September 2021, 2020, 2019, 2018
Net cash flow from operating activities 100336.90 286977.98 200904.64 122918.17
Net cash flow from investment activities -47627.40 -74293.24 -94055.87 -146635.69
Net cash flow from financing activities -66693.64 -53715.25 -118042.68 -133608.78
Net increase in cash and cash equivalents -15154.58 147945.11 -9539.59 -146402.18
Ending balance of cash and cash equivalents 293568.90 308723.47 160778.36 170317.95
2. Main financial indicators
Project 2021.9.30/2021 2020.12.31/2019.12.31/ 2018.12.31 / January September 2020 2019 2018
Current ratio (Times) 1.75 1.66 1.57 1.38
Quick ratio (Times) 1.37 1.32 1.20 1.00
Asset liability ratio (parent company) 20.85%, 23.17%, 19.57%, 22.57%
Asset liability ratio (consolidated) 38.71%, 38.74%, 38.70%, 42.53%
Accounts receivable turnover rate (times / year) 3.64 4.89 4.99 5.03
Inventory turnover rate (times / year) 4.28 5.76 5.55 5.00
Net capital per share attributable to shareholders of the listed company 17.01 16.49 14.61 12.95 yuan
Cash flow from operating activities per share (yuan) 1.60 4.58 3.21 1.96
Weighted average 7.23 8.71 11.36 9.19 return on net assets before deducting non recurring profits and losses (%)
Weighted average 6.56 7.80 10.60 8.50 return on net assets after deducting non recurring profits and losses (%)
1.51 1.36 1.57 1.17 per basic before deducting non recurring profit and loss
Share income (yuan) dilution 1.51 1.36 1.57 1.17
After deducting non recurring profits and losses, 1.37 1.21 1.46 1.08 per basic
Share income (yuan) diluted 1.37 1.21 1.46 1.08
The calculation formula of the above indicators is as follows:
(1) Current ratio = current assets / current liabilities
(2) Quick ratio = (current assets – Inventory) / current liabilities
(4) Accounts receivable turnover rate = operating revenue / average book balance of accounts receivable
(5) Inventory turnover rate = operating cost / average book balance of inventory
(6) Cash flow from operating activities per share = net cash flow from operating activities / total weighted share capital of the current period v. issuance of shares applying for listing (I) types of shares
The shares issued this time are RMB common shares (A shares) listed in China.
(II) par value of shares
The par value of the shares issued this time is RMB 1.00/share. (III) issuance method
The shares issued this time adopt the method of non-public offering to specific objects. (IV) issue price
The pricing benchmark date of this non-public offering is the announcement date of the resolution of the 10th meeting of the seventh board of directors (February 9, 2021), and the issue reserve price is 12.31 yuan / share, which is not less than 80% of the average stock trading price in the 20 trading days before the pricing benchmark date.
On June 11, 2021, the equity distribution of the company in 2020 was completed. According to the pricing principle of the non-public offering scheme, the offering price was adjusted to 11.81 yuan / share. On November 23, 2021, the equity distribution of the company in the first three quarters of 2021 was completed. According to the pricing principle of this issuance, the issuance price was adjusted to 8.61 yuan / share. (V) issued quantity
According to the subscription of investors, the number of A-Shares in this non-public offering is 187868194, all of which are issued in the form of non-public offering to specific investors. (VI) amount of raised funds
The total amount of funds raised in this issuance is 1617545150.34 yuan. After deducting the relevant issuance expenses of 7855593.21 yuan (excluding tax), the net amount of funds raised is 1609689557.13 yuan.
(VII) issuing object
The object of this issuance is Ningbo Fengmei Industrial Co., Ltd
