Anhui Tongguan copper foil Group Co., Ltd
Initial public offering and listing on GEM
Suggestive announcement of listing announcement
The company and all directors, supervisors and senior managers guarantee the authenticity, accuracy and completeness of the listing announcement, promise that there are no false records, misleading statements or major omissions in the listing announcement, and bear individual and joint legal liabilities.
With the approval of Shenzhen Stock Exchange, the RMB ordinary shares issued by Anhui Tongguan copper foil Group Co., Ltd. (hereinafter referred to as "the company" or "the company") will be listed on the gem of Shenzhen Stock Exchange on January 27, 2022, The full text of the listing announcement and the full text of the prospectus for initial public offering and listing on the gem are disclosed on the information disclosure website designated by the China Securities Regulatory Commission (www.cn. Info. Com. CN) China Securities Network (www.cs. Com. CN.) China Securities Network (www.cn. Stock. Com.) Securities Times (www.stcn. Com.) Securities Daily (www.zqrb. CN.), For investors to consult.
QR code of web page: cninfo.com I. listing overview
1. Stock abbreviation: Copper Crown copper foil
2. Stock Code: 301217
3. Total share capital after IPO: 829015544 shares
4. Number of IPO shares: 207253886 shares II. Risk warning
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 risks disclosed by the company
The issue price is 17.27 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 17.2723 yuan / share.
Please pay attention to the risk that the P / E ratio of this offering is higher than the average level of the same industry:
According to the industry classification guidelines for listed companies (revised in 2012) issued by China Securities Regulatory Commission, the industry of the issuer is computer, communication and other electronic equipment manufacturing industry (C39). As of January 13, 2022 (T-3), the average static P / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. was 49.39 times. As of January 13, 2022 (T-3), the valuation levels of comparable listed companies are as follows:
In 2020, deduct the static securities code corresponding to the stock on T-3 day in 2020. The securities are referred to as non front EPS and non back EPS. The closing price of non front EPS (yuan / share) (yuan / share) / share) (before deduction) (after deduction)
600110.SH Nuode Investment Co.Ltd(600110) 0.0039 -0.0362 14.61 3,790.65 -
002288.SZ Guangdong Chaohua Technology Co.Ltd(002288) 0.0230 0.0382 7.64 331.54 200.19
688388.SH Guangdong Jiayuan Technology Co.Ltd(688388) 0.7960 0.6994 130.14 163.49 186.06
Mean value --- 247.52 193.13
Data source: wind information, data as of January 13, 2022 (T-3). Note 1: calculation criteria of EPS before / after deducting non recurring profits and losses in 2020: net profit attributable to the parent company before / after deducting non recurring profits and losses in 2020 / total share capital on T-3 (January 13, 2022). Note 2: negative and abnormal values are excluded from the calculation of the mean value of static P / E ratio.
Compared with comparable companies, the company has certain advantages in capacity layout, product technology, core equipment, customer resources and brand influence: ① reasonable capacity layout and leading product technology. The total capacity of the company's electronic copper foil products is 45000 tons / year, including 25000 tons / year of PCB copper foil and 20000 tons / year of lithium battery copper foil. The company's capacity is reasonably distributed in the field of PCB copper foil and lithium battery copper foil. On the advanced technology aspect, the issuer's high frequency and high speed PCB copper foil has significant advantages in domestic enterprises, of which 5G has been produced by RTF copper foil, and its production and marketing capability ranks first among domestic enterprises. In the field of lithium battery copper foil, the issuer has the leading 6 in mass production in the current market μ M large scale production capacity of copper foil for lithium battery. Meanwhile, the issuer has successfully developed 4.5 μ M ultra thin lithium battery copper foil and high tensile lithium battery copper foil are the core manufacturing technology and have small-scale production capacity, and their commercialization is in the process of orderly promotion. ② The core production equipment is advanced. After more than ten years of deep cultivation in the copper foil industry, relying on strong capital and technical strength, the issuer's current production line has mature different product switching technology, which can effectively meet the future needs of main customers for high-performance products. When purchasing production machinery and equipment, the issuer has purchased the most advanced core equipment in the industry from the international leading copper foil equipment manufacturer in combination with the future copper foil development trend and potential capacity demand, so as to lay a solid foundation for the company to grasp the development opportunities of the industry. ③ High quality customers and rich resources. Relying on its own production capacity, product and service quality, technological innovation, rapid response and other advantages, the company has established long-term cooperative relations with well-known manufacturers such as Shengyi Technology Co.Ltd(600183) , Taiyu technology, taioptoelectronics, Zhejiang Wazam New Materials Co.Ltd(603186) , Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Nanya New Material Technology Co.Ltd(688519) , Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) , Xingheng Co., Ltd., and has become its core supplier, It has obtained its recognition of the company's products and services, and has been rated as "excellent supplier" and "core supplier" for many times. ④ Great brand influence and high industry status. The issuer is the vice chairman unit of the Council of China Electronic Materials Industry Association (cemia), the chairman unit of the electronic copper foil branch of China Electronic Materials Industry Association (CCFA), and the unit responsible for revising the national standard electrolytic copper foil for printed boards, The national standard "general specification for metal foil for printed circuit" and the industrial standard "electrolytic copper foil for lithium ion battery" are mainly participated in the formulation, which have high industry status and popularity. Moreover, the company's "Copper Crown" brand has a good reputation in the industry. The company's own brand influence and industry status are an important guarantee for business expansion.
The issuance price of 17.27 yuan / share corresponds to the lower diluted P / E ratio of the issuer before and after deducting non recurring profits and losses in 2020, which is 249.03 times higher than the average static P / E ratio of comparable companies in 2020 as of January 13, 2022 (T-3) and the static average p / E ratio of the industry in the latest month issued by China Securities Index Co., Ltd. on January 13, 2022 (49.39 times), There is a risk that the decline of the issuer's share price will bring losses to investors in the future.
In addition, 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 co 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) company contact information
Company name: Anhui Tongguan copper foil Group Co., Ltd
Legal representative: Ding Shiqi
Address: No. 189, Qingxi Avenue, Chizhou economic and Technological Development Zone, Anhui Province Tel: 0566-3206810 contact person: Chen Zhuo (II) sponsor (co lead underwriter) and contact information of sponsor representative sponsor (co lead underwriter): Guotai Junan Securities Co.Ltd(601211) legal representative: He Qing Residence: China (Shanghai) 618 Shangcheng Road, pilot Free Trade Zone Tel: 021-38676888 sponsor representative: Zhu zhelei, Zhang Yi (III) Co lead underwriter contact information co lead underwriter: Ping An Securities Co., Ltd. legal representative: he Zhijiang address: floor 22-25, block B, Ping An financial center, No. 5023 Yitian Road, Futian street, Futian District, Shenzhen Tel: 0755-22626653
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Anhui Tongguan copper foil Group Co., Ltd. on its initial public offering and listing on the GEM)
Anhui Tongguan copper foil Group Co., Ltd
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Anhui Tongguan copper foil Group Co., Ltd. on its initial public offering and listing on the GEM)
Guotai Junan Securities Co.Ltd(601211) mm / DD / yy
(there is no text on this page, which is the seal page of the suggestive announcement of the listing announcement of Anhui Tongguan copper foil Group Co., Ltd. on its initial public offering and listing on the GEM)
Ping An Securities Co., Ltd
