China Securities Co.Ltd(601066)
about
Shanghai Hiuv New Materials Co.Ltd(688680) issue convertible corporate bonds to unspecified objects
And listed on the scientific innovation board
of
Listing recommendation
Sponsor
January 2002
Statement of recommendation institution and recommendation representative
China Securities Co.Ltd(601066) and Shen Qian and Li Pengfei, the sponsor representatives of the project, are honest, trustworthy, diligent and responsible in accordance with the company law of the people's Republic of China (hereinafter referred to as the company law), the securities law of the people's Republic of China (hereinafter referred to as the Securities Law) and other relevant laws and regulations, as well as the relevant provisions of the CSRC and Shanghai Stock Exchange, Issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and complete.
catalogue
interpretation...... 3 I. Basic information of the issuer 4. II. The issuer's current offering 9 III. information about the sponsor representative, CO sponsor and other members of the project team for this securities issuance and listing IV. explanation on whether the recommendation institution has any circumstances that may affect the fair performance of recommendation duties V. matters that the recommendation institution should promise in accordance with relevant provisions Vi. explanation of the sponsor on whether the issuer has fulfilled the decision-making procedures stipulated in the company law, the securities law and the CSRC and Shanghai stock exchange with respect to the issuance and listing of Securities 14 VII. Work arrangement during continuous supervision 15 VIII. Recommendation conclusion of the sponsor on the project fifteen
interpretation
In this listing recommendation letter, unless otherwise specified, the following words have the following specific meanings: sponsor, recommendation institution, lead underwriter, trustee, China Securities Co.Ltd(601066) refers to China Securities Co.Ltd(601066) securities, the issuer of the company, Shanghai Hiuv New Materials Co.Ltd(688680) , and the company refers to Shanghai Hiuv New Materials Co.Ltd(688680)
This issuance refers to Shanghai Hiuv New Materials Co.Ltd(688680) the issuance of convertible corporate bonds to unspecified objects
Convertible bonds refer to convertible corporate bonds that can be converted into company shares
Prospectus refers to the prospectus for Shanghai Hiuv New Materials Co.Ltd(688680) issuing convertible corporate bonds to unspecified objects
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
The measures for the administration of registration refer to the measures for the administration of securities issuance registration of companies listed on the science and Innovation Board (for Trial Implementation)
Yuan, ten thousand yuan and one hundred million yuan refer to RMB, ten thousand yuan and one hundred million yuan
Board of directors means the Shanghai Hiuv New Materials Co.Ltd(688680) board of directors
General meeting means Shanghai Hiuv New Materials Co.Ltd(688680) general meeting of shareholders
The articles of association refers to the Shanghai Hiuv New Materials Co.Ltd(688680) articles of association
CSRC refers to the Securities Regulatory Commission of the people's Republic of China
Shanghai stock exchange refers to Shanghai Stock Exchange
The reporting period, the last three years and the first period refer to 2018, 2019, 2020 and January September 2021
EVA refers to ethylene vinyl acetate copolymer
EVA adhesive film refers to EVA resin as the main raw material, by adding suitable crosslinking agent, anti-aging additives, etc., through melt extrusion, using salivation method to form thin film.
White EVA adhesive film and white synergistic adhesive film refer to the white synergistic EVA adhesive film used for the back packaging of the battery, which increases the reflectivity and improves the conversion efficiency of photovoltaic modules
Transparent EVA adhesive film refers to traditional EVA adhesive film products, which are used for PV module packaging
Poe refers to polyolefin elastomer
Poe adhesive film refers to the film made by production equipment with POE resin as the main raw material and adding appropriate additives
Multilayer coextrusion Poe adhesive film refers to the packaging adhesive film for cross-linked photovoltaic modules produced by coextrusion process of Poe and EVA resin
Note: in this listing recommendation letter, if there is a discrepancy between the total number and the sum of the itemized values, it is caused by rounding.
1、 Basic information of the issuer
(I) overview of the issuer
Company name: Shanghai Hiuv New Materials Co.Ltd(688680)
Registered address: room 909a, building a, No. 3000, Longdong Avenue, China (Shanghai) pilot Free Trade Zone
Date of establishment: September 22, 2005
Listing time: January 22, 2021
Registered capital: 84020000 yuan
Place of listing: Shanghai Stock Exchange
Stock abbreviation Shanghai Hiuv New Materials Co.Ltd(688680)
Stock Code: 688680 SH
Legal representative: Li Min
Secretary of the board of directors: Li Xiaoyu
Tel.: 021-58964211
Internet address: www.hiuv.com net.
(II) the issuer's main business, core technology and R & D level
1. Main business of the issuer
The company is a high-tech enterprise engaged in R & D, production and sales of special polymer films. With film technology as the core, the company has long been based on new energy and new material industries, and is committed to providing customers with medium and high-end film products. At present, the company's main products are transparent EVA adhesive film, white synergistic EVA adhesive film, multi-layer coextrusion Poe adhesive film and glass adhesive film.
At present, the company focuses on the photovoltaic module packaging industry, relies on advanced technology and high-quality products to meet the continuously improving quality standards of photovoltaic module packaging materials, and meets the growing market demand of customers. While focusing on the downstream PV module packaging industry, the company gives full play to the solid foundation and innovation ability of polymer membrane material technology, membrane equipment technology and membrane process technology, and actively explores and develops new membrane material products in construction, transportation, electronics, semiconductor, large consumption and other industries, In order to gradually develop into a diversified technology leading special polymer film production enterprise.
2. Issuer's core technology
During the reporting period, the issuer's core technologies were independently developed. In addition to deeply integrating core technologies such as anti PID EVA adhesive film, white synergistic EVA adhesive film, multi-layer coextrusion Poe adhesive film and glass adhesive film with the industry to form its own main business income, the company has also made corresponding technological breakthroughs in the field of transparent backplane, It has the foundation for further integration with the industry.
The current core technologies and sources of the company are as follows:
Serial number technical name technical source corresponding product
1. Anti PID adhesive film technology independently develops transparent EVA and Poe adhesive films
2 PID resistant EVA adhesive film special equipment structure technology independent research and development of transparent EVA adhesive film and white synergistic EVA
3 electron beam irradiation pre crosslinked EVA adhesive film technology independent research and development of white synergistic EVA adhesive film
4 Poe adhesive film technology independently developed Poe adhesive film
5 multi layer poe-eva coextrusion film technology independent research and development of three-layer coextrusion Poe film
6. The technology of combining Poe adhesive film with white synergistic effect independently develops white synergistic Poe adhesive film
7. Improve the power generation efficiency of components through the improvement of adhesive film, and independently develop transparent EVA adhesive film and white synergistic EVA adhesive film
8. Laminated glass technology with clear pattern independently developed glass adhesive film
9 composite adhesive film technology for laminated glass self-developed glass adhesive film
10. Development of new synthetic leather and independent research and development of optical adhesive film
11 new halogen-free transparent backplane technology independently developed halogen-free backplane
12 backplane reflectivity improvement technology independent research and development of grid backplane
At present, the PV packaging adhesive film market has better realized the domestic substitution. The main manufacturers in the industry are located in China, and the above technologies of the company are at the advanced level in China.
3. Issuer's R & D level
The company is committed to the research and application of special polymer film materials, continues to carry out research and development and transformation of technical achievements in relevant fields, and forms a number of independent intellectual property rights focusing on rubber film as the technical core. Up to now, the company has obtained 19 authorized invention patents, 71 authorized utility model patents, and more than 60 patents are under application. Focusing on the core technology of adhesive film, the company has successfully led the technical development of anti PID EVA adhesive film, white synergistic EVA adhesive film and multi-layer coextrusion Poe adhesive film in Cecep Solar Energy Co.Ltd(000591) power generation industry. In addition, the company has expanded its leading adhesive film technology to the non photovoltaic industry. At present, the application of adhesive film has been expanded to the fields of construction, automobile, electronics and so on.
(III) main operating and financial data and indicators of the issuer
1. Key financial data
(1) Main data of consolidated balance sheet
Unit: 10000 yuan
End of September 2021 end of 2020 end of 2019 end of 2018
Total assets 306276.56 152764.42 104407.13 82055.66
Total liabilities 88785.39 77491.12 50121.24 37067.82
Shareholders' equity attributable to the parent company 217491.18 75273.31 54285.89 44987.84
Total shareholders' equity 217491.18 75273.31 54285.89 44987.84
(2) Main data of consolidated income statement
Unit: 10000 yuan
Project: January September 2021, 2020, 2019, 2018
Operating income 200199.25 148109.24 106322.00 71543.29
Operating profit 12917.13 25419.34 6996.46 2770.29
Total profit 12852.26 25392.24 7241.91 2788.66
Net profit 12045.04 22323.22 6688.05 2750.96
Net profit attributable to owners of parent company
