On January 28, Capital State learned that the 3rd Review Meeting of the Listing Committee of the Beijing Stock Exchange in 2022 was held on the morning of January 28, 2022. Clett (831689.NQ) successfully passed!
According to public information, Clayt was listed on the New Third Board on January 19, 2015, and the company is mainly engaged in the design, development, production and sales of ventilation and air treatment system equipment and accessories such as ventilators, dust collectors, cooling units, as well as maintenance and service of related products.
It is worth noting that Clayt was successfully selected as the first batch of specialized new "little giant" enterprises of the Ministry of Industry and Information Technology, and won many awards such as The Single Champion Enterprise of Manufacturing in Shandong Province and the Green Supply Chain Management Enterprise of 2021.
The comments for this review are as follows:
1. Issuers are required to provide risk warnings on the risks that wind power parity may lead to a decline in the price of the issuer's products and a decline in the issuer's future performance。
2. Issuers are required to supplement the disclosure of the operational risks of the fundraising projects in the above-mentioned areas in light of the actual operating conditions of gas turbine power generation and nuclear power business areas.
The main issues raised at this Review Meeting are as follows:
1. About the competitiveness of the issuer's products.
Issuers are required to state:
(1) The definition criteria of core components, whether the self-produced core components have market competitors, and whether they are competitive with the external procurement model; The proportion of product costs and the bargaining power of issuers for purchased high-value motor parts.
(2) Whether the wind power parity grid has formed a price reduction pressure on the issuer's wind turbine products, and whether the issuer can transmit price reduction pressure to upstream parts suppliers。
2. About fundraising projects.
The funds raised by the issuer are intended to be used for the new energy ventilation and cooling equipment manufacturing workshop project and the new energy equipment research and development center project. Issuers are requested to further explain the necessity, feasibility and risks of the fundraising project in light of industry qualifications, technology, market demand and competition, operating scale, actual sales of new energy industries in the reporting period, new customer expansion and order sustainability, and whether the capacity cannot be digested will have a significant adverse impact on the issuer.
It is reported that in the first three quarters of 2021, the company achieved operating income of 291 million yuan, an increase of 39.97% year-on-year, and net profit of 37.7494 million yuan, an increase of 114.91% year-on-year. During the Company's reporting period, the Company's assets at the end of the period totaled 501 million yuan, operating profit was 43.7001 million yuan, accounts receivable were 127 million yuan, net cash flow from operating activities was 7.5457 million yuan, and cash received from the sale of goods and services was 115 million yuan.
According to the prospectus issued by the company (the draft of the meeting), the company expects the operating income of 2021 to be 370 million yuan to 400 million yuan, an increase of 29.86% to 40.39% year-on-year; Net profit attributable to owners of the parent company was $41 million to $48 million, up 61.45% to 89.02% year-on-year.
This article originated from Capital State