China Securities Co.Ltd(601066)
about
Jiangyin advertised that auto parts Co., Ltd. issued shares in the initial public offering and was listed on the gem
Listing recommendation
Sponsor
November, 2001
Statement of recommendation institution and recommendation representative
China Securities Co.Ltd(601066) and Jiang Xiao and Fu Xinxiong, the sponsor representatives of the project, have been honest, trustworthy, diligent and conscientious 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 laws and regulations, as well as the relevant provisions of the CSRC and Shenzhen 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 5. II. The issuer’s current offering 17 III. information about the sponsor representative, CO sponsor and other members of the project team of this securities issuance and listing 17 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 Vi. matters that the recommendation institution should promise in accordance with relevant provisions VII. The sponsor’s statement on whether the issuer has fulfilled the decision-making procedures stipulated by the company law, the securities law and the CSRC and Shenzhen Stock Exchange in connection with this securities issuance and listing VIII. The sponsor’s statement on whether the securities listing meets the listing conditions of the Shenzhen Stock Exchange GEM Listing Rules 24 IX. work arrangement during continuous supervision 26 X. recommendation conclusion of the sponsor on the project twenty-seven
interpretation
In this listing recommendation letter, unless the context otherwise requires, the following abbreviations and terms have the following meanings: 1. Interpretation of common terms: the company, the company, the issuer, refers to Jiangyin Biao Auto Parts Co., Ltd
Flaunting Co., Ltd. refers to Jiangyin flaunting Auto Parts Co., Ltd., the predecessor of the company
SAIC Volkswagen refers to SAIC Volkswagen Automobile Co., Ltd
FAW Volkswagen refers to FAW Volkswagen Automobile Co., Ltd
Volkswagen FAW engine refers to Volkswagen FAW engine (Dalian) Co., Ltd
SAIC Volkswagen Co., Ltd., FAW Volkswagen Co., Ltd. and Shanghai Volkswagen refer to powertrain Co., Ltd., Volkswagen FAW engine (Dalian) Co., Ltd., SAIC Volkswagen Power Battery Co., Ltd. and Volkswagen automatic transmission (Tianjin) Co., Ltd
The third meeting refers to the shareholders’ meeting / general meeting of shareholders, the board of directors and the board of supervisors
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
A share refers to RMB ordinary shares
This offering refers to the issuer’s first public offering of RMB common shares (A shares) to the public
CSRC refers to the China Securities Regulatory Commission
Shenzhen Stock Exchange and stock exchange refer to Shenzhen Stock Exchange
Sponsor, recommendation institution, main refers to China Securities Co.Ltd(601066) underwriter, China Securities Co.Ltd(601066) securities
Lawyer of the issuer refers to Beijing Guofeng law firm
The issuer’s accountant refers to Dahua Certified Public Accountants (special general partnership)
The reporting period refers to 2018, 2019, 2020 and January June 2021
Yuan, 10000 yuan and 100 million yuan refer to RMB yuan, 10000 yuan and 100 million yuan
2、 Interpretation of professional terms
Polyamide (PA) is one of the five general engineering plastics in the world. Due to its excellent physical and chemical properties such as mechanical strength under high temperature and high pressure, nylon refers to PA, which has become an important raw material for making precision pipes or parts.
TSI refers to a fuel stratified direct injection technology for turbocharged engines.
MPI refers to a multipoint fuel injection technology for naturally aspirated engines.
MEB refers to modular electrification toolkit, which is a modular production platform for Volkswagen electric vehicles.
“National five year plan” standard / C5 refers to the National Phase V vehicle pollutant emission standard, which has been implemented nationwide since January 1, 2017.
That is, the motor vehicle pollutant emission standard specified in the light vehicle pollutant emission limits and measurement methods (China phase VI). The “national VI” emission standard is implemented in two stages: National VI (a) “and” national VI (b) “. The Ministry of environmental protection requires the new national six (a) “national six” standard / C6 and national six (b) to be implemented from July 1, 2020 and July 1, 2023, including Beijing Tianjin Hebei, Fenwei plain, Yangtze River Delta, Pearl River Delta Chengdu Chongqing region and other key regions will implement the “national six” emission standard of light vehicle pollutants in advance on July 1, 2019.
Adopt unconventional vehicle fuel as the power source (or use conventional vehicle fuel and adopt new on-board power device), integrate the power control of the vehicle and the advanced technology of the driving Party’s new energy vehicle, and form a vehicle with advanced technical principle, new technology and new structure, Including hybrid electric vehicle (HEV), pure electric vehicle (EV), fuel cell electric vehicle (FCV), plug-in hybrid electric vehicle (PHEV), etc.
Power system connecting pipeline refers to the connecting pipeline used for engine power system in automobile
Cooling system connecting pipeline refers to the connecting pipeline used for automobile cooling system in automobile
Connector refers to the parts and components that realize the connection or disconnection of pipeline system in automobile
Fuel pipe refers to the connection between the bottom oil delivery pipe and the engine, which is the company’s power system connection pipeline product.
It is applied to the automobile engine cooling system. The heat generated by the working cooling water pipe of the engine is transferred to the radiator for cooling, to the heater for heating the cockpit, and the cooled coolant is transferred back to the engine.
The utility model relates to a processing method in which raw materials are heated and plasticized while being extruded through the action between the barrel of an extruder and a screw. It refers to a processing method in which the raw materials are pushed forward by the screw and continuously pass through the machine head to make various cross-section products or semi-finished products.
Injection molding refers to the technology that plastic is heated and melted by injection molding machine, then injected into the mold cavity for molding, cooled, solidified and demoulded.
Solenoid valve refers to an automatic basic element that uses solenoid to control fluid
Valve pump and other functional parts refer to the main raw materials of the company’s products, including valves, pumps and other basic components used for automotive pipeline fluid control.
Plastic parts refer to the main raw materials of the company’s products, including plastic tubing, joints and other plastic products.
Rubber parts refer to the main raw materials of the company’s products, including rubber products such as sealing rings and rubber pipes.
Mold refers to the tool used to produce products by injection molding, extrusion, molding, assembly and other process methods.
Vehicle manufacturers and vehicle manufacturers refer to vehicle manufacturers
Passenger car refers to a kind of vehicle classification, which is mainly used to carry people and their luggage and / or occasionally carry goods, including the driver, with a maximum of 9 seats.
Iatf16949 refers to the specific quality system requirements for suppliers in the automotive industry formulated by the international automotive promotion group (IATF) according to ISO9001.
Note: there are differences in the mantissa between the sum of partial totals and individual data in this listing recommendation letter. These differences are caused by rounding.
1、 Basic information of the issuer (I) overview of the issuer
Jiangyin Biaobang Auto Parts Co., Ltd
English Name: Jiangyin photovoltaic products Co., Ltd
Registered capital: 67.5 million yuan
Legal representative: Shen Hao
Date of establishment: July 29, 2009 (changed into a joint stock company on September 27, 2017)
Company domicile: No. 1, Mona Road, Huaxi nine village, Huashi Town, Jiangyin City
Postal Code: 214421
Tel.: 0510-86218827
Contact Fax: 0510-86218223
Internet address: http://www.pivotautomotive.com.
Email: [email protected].
Department responsible for information disclosure and investor relations management: Securities Department
Person in charge of information disclosure and telephone number: Liu Deqiang 0510-86218827 (Ⅱ) main business, core technology and R & D level of the issuer
1. Main business of the issuer
The company’s main business is the R & D, production and sales of a series of products such as automobile nylon pipes and connectors. The main products include power system connecting pipes, cooling system connecting pipes, connectors, etc. The company focuses on the field of parts supporting in the passenger car market and provides customers with core parts with high safety and important functions. It is one of the few advantageous enterprises in China that have entered the supply system of joint venture brand vehicle manufacturers.
The company is a high-tech enterprise recognized by the Department of science and technology of Jiangsu Province, the Department of finance of Jiangsu Province, the State Administration of Taxation and the Jiangsu provincial taxation bureau. It has been successively rated as a science and technology small and medium-sized enterprise in Jiangsu Province, a private science and technology enterprise in Jiangsu Province, a small giant enterprise specialized in special new technology in Jiangyin City and a gazelle enterprise in Wuxi City in 2020. The company’s technology center has been recognized as an enterprise technology center recognized by Jiangsu Province. The company has won the third prize of Wuxi science and technology progress award, and successfully applied for the key projects of Jiangsu Province investment project of “national six automobile high flame retardant pipeline system project” and “research and development of high and low temperature resistant light cooling pipeline system for new energy vehicles”. As of the signing date of the listing sponsor, the company has 59 authorized domestic patents, 1 overseas patent and 9 software copyrights, and is recognized as a qualified unit in the performance evaluation of enterprise intellectual property management in Jiangsu Province in 2019. Based on the field of automobile nylon pipeline for a long time, the company has formed highly competitive technical and product advantages in subdivided industries through continuous technology accumulation and in-depth participation in the synchronous R & D of vehicle manufacturers. The company has passed iatf16949:2016 quality management system certification, and has met the standards and requirements of European and American developed countries’ brand car enterprises in terms of product quality, process technology and response speed. It has significant comprehensive advantages in quality, performance and price. In the process of competition with international well-known auto parts enterprises, with the advantages of localization, high cost performance and so on, Continuously obtain more fixed-point products from customers and realize the quantity
