Yidong Electronic Technology Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999)
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
With the approval of Shenzhen Stock Exchange, the RMB common shares issued by Yidong Electronic Technology Co., Ltd. (hereinafter referred to as “the issuer” or “the company”) will be listed on the gem of Shenzhen Stock Exchange on January 25, 2022, The full text of the listing announcement and the full text of the prospectus for initial public offering and listing on the gem shall be disclosed on the information disclosure website designated by the CSRC (cninfo, www.cn. Info. Com. CN; CSI, www.cs. Com. CN; China Securities, www.cn. Stock. Com; securities times, www.stcn. Com; Securities Daily, www.zqrb. CN; economic reference, www.jjckb. CN; China financial news, www.financialnews. Com. CN; QR code of the website: Http://www.cninfo.com.cn) for investors.
1、 Listing overview
(I) stock abbreviation: Yidong Electronics
(II) Stock Code: 301123
(III) total share capital after IPO: 233600000 shares
(IV) number of IPO shares: 58400000 shares
2、 Risk tips
The company’s shares will be listed on the growth enterprise market of Shenzhen Stock Exchange, which has high investment risk. GEM companies have the characteristics of unstable performance, high operation risk and high delisting risk, and investors are facing greater market risk. Investors should fully understand the investment risks of the gem and the risk factors disclosed by the company, and make investment decisions prudently.
The issue price of this offering is 37.23 yuan / share, which does not exceed the median and weighted average of offline investors’ quotation after excluding the highest quotation, as well as the securities investment fund, national social security fund, basic old-age insurance fund established through public offering after excluding the highest quotation The enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, whichever is lower, is 37.4465 yuan / share; According to the industry classification guidelines for listed companies (revised in 2012) issued by the CSRC, the industry of the issuer is “computer, communication and other electronic equipment manufacturing industry (C39)”. The static average p / E ratio of “computer, communication and other electronic equipment manufacturing industry (C39)” published by China Securities Index Co., Ltd. in the latest month is 49.88 times (as of January 7, 2022, T-3). The issuance price of 37.23 yuan / share corresponds to the lower diluted P / E ratio before and after deducting non recurring profits and losses in 2020, which is 50.74 times higher than the static average p / E ratio of the industry in the latest month published by China Securities Index Co., Ltd. and lower than the average non static P / E ratio of comparable companies in the same industry in 2020. There is a risk that the decline of the issuer’s share price will bring losses to investors in the future.
There is a risk that the net asset scale will increase significantly due to the acquisition of raised funds, which will have an important impact on the issuer’s production and operation mode, operation management and risk control ability, financial status, profitability and long-term interests of shareholders. The issuer and the recommendation institution (lead underwriter) remind investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment decisions rationally.
3、 Contact information
(I) contact address and telephone number of the issuer
Issuer: Yidong Electronic Technology Co., Ltd
Contact address: Tongsha science and Technology Industrial Park, Dongcheng District, Dongguan
Contact: Xie Zhang
Tel: 086-769-38830828
Fax: 086-769-38830829
(II) contact address and telephone number of lead underwriter and sponsor representative
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999) contact address: 26F, building China Merchants Securities Co.Ltd(600999) No. 111, Fuhua 1st Road, Futian street, Futian District, Shenzhen sponsor representatives: Zhang Yi and Liu Guanghu Tel.: 0755-82943666 Fax: 0755-82943121
