Author: Wang Xiaoxi
On March 15, 2022, according to the official website of the Shenzhen Stock Exchange, Suzhou Vega Technology Co., Ltd. (hereinafter referred to as "Vega Technology") replied to the second round of inquiries from the regulatory authorities, involving share payment, major customers, suppliers and other aspects.
(Source: Official website of Shenzhen Stock Exchange)
On September 29, 2021, Weijia Technology's application for listing on the Growth Enterprise Market was accepted, and the proposed issuance of shares will not exceed 12.0719 million shares, raising 1.128 billion yuan, which will be used for the construction project of high-speed high-precision PCB drilling and milling and testing equipment production base, high-end special equipment research and development and production project, R&D center transformation and upgrading project and supplementary working capital.
Founded in 2007, Vega Technology is mainly engaged in the research and development, production and sales of PCB core equipment drilling and molding equipment, as well as other special equipment. The registered capital of the company is 36.2143 million yuan, and the actual controller is Qiu Sijun, with a total control of 60.75% of the shares.
From 2018 to 2020 and the first three quarters of 2021, the operating income of Vega Technology was 234 million yuan, 230 million yuan, 481 million yuan and 600 million yuan, and the net profit attributable to the mother was -16.9435 million yuan, 15.6361 million yuan, 55.5331 million yuan and 72.6737 million yuan, respectively.
(Source: Viva Technology Prospectus)
Key components of Vega Technology, such as control systems, spindles and guide rails, still rely on overseas brands SIEB & MEYER, NOVANTA and THK in Japan, respectively.
From 2018 to 2020 and the first three quarters of 2021, the total amount of weijia technology procurement from the above three overseas brands was 0.56 billion yuan, 0.50 billion yuan, 123 million yuan and 183 million yuan respectively, accounting for 31.71%, 27.69%, 30.84% and 33.47% of the total procurement in the current period, respectively.
In this regard, the regulatory authorities asked Vega Technology to explain the stability and sustainability of cooperation with the above three suppliers, and if the cooperation cannot be sustained, whether it will have a significant adverse impact on production and operation.
Vega Technology said that it has signed a strategic cooperation agreement with SIEB & MEYER AG, and there is no situation that may lead to the suspension of cooperation between SIEB & MEYER AG. If the cooperation with SIEB & MEYER AG is not sustainable, it will have a significant adverse impact on production and operations.
For the British NOVANTA (NOVANTA) and Japan's THK, Vega Technology said that if the cooperation with Novante cannot be sustained, it can be replaced by purchasing the spindle of domestic manufacturers such as Haozhi Electromechanical, which is not expected to have a significant adverse impact on production and operation; if cooperation with THK cannot be sustained, it can be replaced by purchasing guide rails from suppliers such as Shanghai Nuoyin Electromechanical Technology Co., Ltd. and Rosa in Italy, which is not expected to have a significant adverse impact on production and operation.
(This article is for reference only and does not constitute investment advice, and you do so at your own risk)