Reporter | Zhao Yangge
After May Day, in the three working days of the first week of May, nine companies actively prepared for regulatory review.
GEM: May 6, 3 companies will be meeting
According to the arrangement, on May 6, the GEM Listing Committee will conduct a new round of deliberations, including Shaanxi Red Star Meiling Dairy Co., Ltd. (hereinafter referred to as Red Star Meiling), Guangxi Tianshan Electronics Co., Ltd., and Anhui Fulede Science and Technology Development Co., Ltd.
Among them, Red Star Meiling raised 345.44 million yuan, western securities as the sponsoring institution, the company was listed on the New Third Board on July 23, 2015, and then terminated on April 27, 2018, with an operating income of 378 million yuan and a net profit of 53.0802 million yuan in 2021. Red Star Meiling expects operating income of 185 million yuan in the first half of 2022, an increase of 15% over the same period of the previous year, and net profit attributable to shareholders of the parent company is about 22 million yuan, an increase of 15% year-on-year.
It is reported that the main business of Red Star Meiling is the research and development, production and sales of sheep dairy products based on sheep milk powder, including infant formula milk powder, children's and adult milk powder, etc. In December 2017, the company obtained 9 infant formula sheep milk powder formula registration certificates, including "Rich Sheep and Sheep", "Deregante" and "Antelope Beibei". The funds raised this time will be invested in the "Red Star Meiling Dairy Goat Industrialization Phase II Construction Project", "Red Star Meiling Yongqing Dairy Goat Breeding Park Construction Project", "Marketing Network Construction Project" and "Supplementary Working Capital".
In addition, on April 28, the GEM Listing Committee also included the specifications of two companies: Guizhou Colorful New Media Co., Ltd. and Core World Technology Co., Ltd. (hereinafter referred to as Core World).
Core World is a high-tech enterprise specializing in the research and development, design and sales of code flash memory chips, providing code flash memory chips with a wide range of capacity from 1Mbit-8Gbit, and is one of the manufacturers with a comprehensive coverage of code flash memory chip products in the industry. The company's existing main products include NOR Flash and SLC NAND Flash, which are widely used in consumer electronics, network communications, Internet of Things, industrial and medical fields. At present, Core World Products have entered the supply chain system of well-known brand manufacturers such as Samsung, Midea, Coworth, Aidu Technology, ZTE, Sichuan Changhong, Quectel Communications and other well-known brand manufacturers and realized mass delivery and use.
It should be pointed out that the procurement amount of the top five suppliers of The Core World accounted for a high proportion of the total procurement in the current period, with 91.47%, 87.54% and 75.7% respectively during the reporting period, and the main procurement types were wafer procurement and packaging and testing procurement.
Science and Technology Innovation Board: Xinke Mobile, which has not yet made a profit, intends to raise 4 billion yuan
In terms of the science and technology innovation board, the companies that were held last week also collectively passed the meeting. This week, on May 5, Shenyang Fuchuang Precision Equipment Co., Ltd. and Shanghai Bide Pharmaceutical Technology Co., Ltd. will break through the customs, and on May 6, There will be Zhejiang Pava New Energy Co., Ltd.
In addition, next week's May 10, there are also two companies "announced" will be at the meeting, namely Jiangsu Kangwei Century Biotechnology Co., Ltd. and CITIC Mobile Communication Technology Co., Ltd. (hereinafter referred to as Xinke Mobile). Among them, Xinke Mobile's financing amount is the highest, reaching 4 billion yuan.
According to the data, Xinke Mobile is the only high-tech enterprise controlled by a central enterprise engaged in the formulation of international standards for mobile communications, core technology research and development and industrialization. The company focuses on the deployment and evolution needs of mobile communication networks, focuses on the main business line of operator base station construction and wireless network coverage, and provides customers with comprehensive solutions for mobile communication network deployment including hardware, software, networking and optimization services, including mobile communication network equipment and mobile communication technology services, with a series of hardware products such as mobile communication network equipment as the carrier. The company provides mobile communication network products for domestic and foreign communication operators, and provides 4/5G industry private network communication solutions to vertical industry customers; at the same time, the company has perfect mobile communication network planning, construction and optimization of integrated service capabilities and mobile communication network operation and maintenance service capabilities, and can provide customers with professional, intelligent, standardized and customized mobile communication technology services.
It is worth noting that Xinke Mobile has not yet made a profit, and the net profit from 2019 to 2021 is -1.637 billion yuan, -1.751 billion yuan and -1.184 billion yuan, and the deducted non-net profit is -42.6911 million yuan, -497 million yuan and -1.326 billion yuan, which are negative. At the same time, the asset-liability ratio of Xinke Mobile is relatively high, and the consolidated asset-liability ratio during the reporting period is 105.6%, 89.11% and 66.39%, which is at risk of debt repayment. During the Reporting Period, the Company's net cash flow from operating activities was -878 million yuan, -880 million yuan and -1.465 billion yuan.
Due to the relationship between the industry, the customers of Xinke Mobile are mainly concentrated in China Mobile, China Telecom, China Unicom and other communication operators, and the revenue of the company's top five customers can account for more than 85% of the main business income, and it is mainly concentrated in the first major customer, China Mobile. At the same time, the balance of accounts receivable and contract assets in the reporting period of Xinke Mobile accounted for 96.73%, 96.41% and 88.1% of the current operating income, respectively.
Last week, according to the news of the Science and Technology Innovation Board, Huaqin Technology Co., Ltd. and Asia Silicon (Qinghai) Co., Ltd. withdrew their applications and terminated the review. In terms of acceptance, Nanjing Jingsheng Equipment Co., Ltd. and Longxun Semiconductor (Hefei) Co., Ltd. made a new appearance.
Motherboard: Frog pump industry is rejected
Source: SFC website
Last week, on April 28, the first launch of Frog Pump Co., Ltd. was not approved. In just three days this week, the 18th Issuance and Review Committee of the China Securities Regulatory Commission arranged a review on May 5, which was held by Hangzhou Chuhuan Technology Co., Ltd. (hereinafter referred to as Chuhuan Technology), Nongshim Crop Technology Co., Ltd. (hereinafter referred to as Nongshim Crop), and Shandong Kuntai New Material Technology Co., Ltd. (hereinafter referred to as Kuntai Shares).
Chuhuan Technology is a research and development, design, manufacturing, sales, service as one of the waste gas odor treatment system solution service providers. The company mainly serves municipal sewage treatment plants, kitchen waste treatment plant customers, in recent years gradually develop industrial customers, such as breeding and slaughtering, petroleum refining, pharmaceutical chemical, dairy products, food processing, spraying, textile printing and dyeing, brewing and other industries, customers all over the country.
The main business of nongshim crops is the research and development, production and sales of pesticide preparation products, the main products include insecticides, fungicides and herbicides.
The main business of Kuntai Co., Ltd. is the research and development, production and sales of automotive interior parts materials and products, the main products include automotive carpets and automotive mats, and the product application market is mainly for the vehicle supporting market (that is, the front-loading market). Judging from the manual, the company has become a second-tier supplier of automotive carpets for BMW, Audi, Mercedes-Benz, Volvo, Hongqi and many other well-known automobile brands, as well as a first-tier supplier of automotive mats for many well-known automobile brands such as Audi, Volvo, Buick, and Weilai.
Source: Manual
Finally, Jiangsu Hengxing New Material Technology Co., Ltd. made a new appearance on April 27 to break into the main board of Shanghai.