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The listing of the new third board is on fire again! Direct audits are frequent, and many companies have met the financial conditions for listing on the Beijing Stock Exchange

author:Securities Times

Since December, 10 companies have applied for listing and have been accepted by the National Equities Exchange and Quotations Company. Some companies applied for direct review, aiming to land on the New Third Board and enter the Beijing Stock Exchange faster.

From the perspective of performance indicators, many companies have reached the financial conditions for listing on the Beijing Stock Exchange, among which Zhejiang Ansheng Technology Co., Ltd. has a bright profit scale, and the company will make a profit of 160 million yuan in 2022.

Direct link audits are frequent

In the new third board declaration and listing fever, enterprises apply for the Beijing Stock Exchange's direct review mechanism frequently.

In the past week, Wufeng Chicheng Biotechnology Co., Ltd. declared to be listed on the New Third Board was accepted, and the company also applied for the use of the Beijing Stock Exchange's direct review mechanism.

At the same time as Wufeng Chicheng declared to be listed on the New Third Board, it has launched the listing plan of the Beijing Stock Exchange. The company stated in the declaration draft that the company has signed relevant agreements with securities companies, law firms and accounting firms on the issuance and listing services of the Beijing Stock Exchange, and intends to submit the issuance and listing application documents to the Beijing Stock Exchange within 18 months after listing.

Wufeng Chicheng is a national-level specialized and new "little giant" enterprise. The company is an enterprise focusing on the research and development, production and sales of hydrolyzed tannin series products with tannin-rich plants in nature as the main raw materials. The tannic acid, gallic acid series products and derivative compounds produced by the company can be widely used in pharmaceutical intermediates, chemical additives, feed, food, metallurgy, electronic chemicals, textile printing and dyeing and other industries.

Zhejiang Kema Friction Materials Co., Ltd., which was accepted a few days ago, also applied for the direct review mechanism of the Beijing Stock Exchange, and the company said that it had signed a listing service agreement with relevant intermediaries, and planned to submit the issuance and listing application documents to the Beijing Stock Exchange within 18 months after listing.

Zhejiang Kema is also a national-level specialized and new "little giant" enterprise and an "invisible champion" enterprise in Zhejiang Province. The company's main business is the R&D, production and sales of dry clutch friction plates and wet paper-based friction plates, and is committed to the development and application of new friction materials. The company's customers include major domestic clutch manufacturers such as Fuda Co., Ltd., Fast Eaton, Zhejiang Qidie, Changchun Yidong, etc. The company's products are used in many well-known brand enterprises such as China National Heavy Duty Truck, FAW Jiefang, Dongfeng Motor, Wenjie Automobile and so on.

On December 21, 2022, the Beijing Stock Exchange and the National Equities Exchange and Quotations Company researched and launched a direct review and supervision mechanism for listing (hereinafter referred to as the "direct connection mechanism"). The direct connection mechanism links various links such as "listing review, daily supervision, and listing review" to form a "fast lane" for high-quality enterprises to apply for listing on the Beijing Stock Exchange. Through the direct connection mechanism, high-quality enterprises can be listed on the Beijing Stock Exchange within 1-2 months after one year of normalized listing (i.e., "12+1", "12+2").

In addition, the "19 Articles of Deep Reform" have also been optimized and adjusted for the calculation of "listed for one year". The original declaration needs to meet the condition of "being listed on the New Third Board for 12 months and being an innovative enterprise", which is adjusted to "the listing committee of the Beijing Stock Exchange has been listed for 12 months on the date of the review meeting".

The Zhuhaibin team believes that the adjustment from the "declaration time" to the "review time of the meeting" can greatly shorten the listing time, and combined with the direct connection mechanism, the efficiency of enterprises to apply for the Beijing Stock Exchange can be greatly improved. Benefiting from the innovation and efficiency of the direct connection mechanism, many companies that had planned to be listed on the Science and Technology Innovation Board and the Growth Enterprise Market have chosen to "change lanes" to the Beijing Stock Exchange, and some companies that have been delisted from the New Third Board have also chosen to be listed for the second time through the direct connection mechanism.

According to the statistics of the Zhuhaibin team, as of December 8, 2023, 34 companies have successfully listed on the New Third Board by applying for the use of the direct connection mechanism. On the whole, the average revenue of 34 companies in 2022 will be 620 million yuan, and the average net profit attributable to the parent company will be 64.62 million yuan, of which 17 companies are national-level specialized and new "little giants" (accounting for 50%), and 8 companies will have a profit of more than 80 million yuan.

The performance of many companies has reached the listing conditions of the Beijing Stock Exchange

Among the companies that have recently applied for listing on the New Third Board, many companies have outstanding profit scales, and some of them have met the relevant profit requirements for listing on the Beijing Stock Exchange.

Zhejiang Ansheng Technology Co., Ltd. has outstanding performance, with annual revenue of more than 1 billion yuan and a profit scale of hundreds of millions: the company's revenue in 2022 increased by 8% year-on-year to 1.29 billion yuan, net profit declined year-on-year, but still exceeded 140 million yuan, and net profit after deducting non-profits was 160 million yuan, a year-on-year increase of 8%. The company made a profit of more than 40 million yuan in the first half of 2023.

According to the declaration draft, Zhejiang Ansheng's main business is the R&D, design, production and sales of stainless steel and other different materials, including stainless steel vacuum insulation utensils (cups, bottles, pots with thermal insulation effect and special containers with ultra-large capacity, special-shaped and other characteristics, etc.), stainless steel non-vacuum utensils and other utensils (plastic, glass, metal aluminum and other materials of utensils and cup and pot accessories), which are widely used in outdoor, home, office, baby, gifts and other fields. The company is a specialized, special and new small and medium-sized enterprise in Zhejiang Province.

In 2022, the revenue of Beijing Commet Technology Co., Ltd. will decline year-on-year to 340 million yuan, but the net profit will increase year-on-year, from 32.86 million yuan in 2021 to 48.15 million yuan, and the net profit after deducting non-profits will also increase to 40.5 million yuan.

Cometech is mainly engaged in the research and development, production and sales of new polymer materials such as electronic packaging materials and high-performance modified plastics. Since its establishment, the company has adhered to R&D-driven business development, and continued to make technological breakthroughs and industrialization development around the three major technology platforms of silicone packaging materials, epoxy packaging materials and modified expandable polystyrene materials. The company has been selected into the list of national-level specialized, special and new "little giant" enterprises recommended for support (the second batch of the first year).

Wufeng Chicheng and Zhejiang Kema, which applied for the direct review of the Beijing Stock Exchange, have reached the profit "red line" of listing on the Beijing Stock Exchange.

Wufeng Chicheng's performance in 2022 declined slightly year-on-year, with the company's revenue of 290 million yuan and net profit of 50.29 million yuan, and the net profit after deducting non-profits of 39.4 million yuan, compared with 52.91 million yuan after deducting non-profits in 2021. In the first half of 2023, the company will achieve revenue of 140 million yuan, net profit of 21.14 million yuan, and net profit of 16.92 million yuan after deducting non-profit.

Zhejiang Kema's profit last year declined sharply year-on-year, but it still exceeded 30 million yuan: the company's revenue in 2022 was 200 million yuan, the net profit was 42.01 million yuan, compared with 72.54 million yuan in the previous year, and the net profit after deducting non-profits was 36.95 million yuan, while the net profit after deducting non-profits in 2021 was 69.72 million yuan. The company achieved a profit of more than 22 million yuan in the first seven months of 2023.

After experiencing a decline in performance in 2022, Lao Niang Uncle Catering Co., Ltd. has a bright performance in the first half of 2023, with a revenue of 800 million yuan and a net profit of 45.04 million yuan in the first 6 months, and a net profit of 43.39 million yuan after deducting non-profits.

It is worth mentioning that the old lady's catering plan is listed on the new third board through the "green channel" of the fourth board, and the company will enter the cultivation layer of the Zhejiang "specialized, special and new" board of the Zhejiang Equity Exchange Center on October 25, 2023.

Editor-in-charge: Zhong Tian

Proofreader: Liu Rongzhi

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