Recently, the information disclosed by the Shenzhen Stock Exchange shows that Huayi Ecological Garden Co., Ltd. (hereinafter referred to as "Huayi Ecology") submitted a withdrawal of listing application documents, and the sponsor Zheshang Securities withdrew its sponsorship. As a result, the Shenzhen Stock Exchange decided to terminate its issuance and listing review.
According to Bedo Finance, Huayi Ecology submitted a prospectus in June 2023 to be listed on the main board of the Shenzhen Stock Exchange. In this sprint listing, Huayi Ecology originally planned to raise 500 million yuan, which will be used to supplement the operating funds of ecological restoration and landscape construction projects.
Tianyancha App shows that Huayi Ecology was established in May 1997, formerly known as Anhui Huayi Garden Landscape Ecological Construction Co., Ltd., located in Hefei City, Anhui Province. At present, the registered capital of the company is 120 million yuan, the legal representative is Hu Youhua, and the shareholders include Hu Youhua, Fan Lixia, Guoyuan Securities, etc.
According to the prospectus, Huayi Ecology's main business includes ecological restoration, landscape construction and related design and maintenance services. At present, the company's business scope covers the environmental management of rivers, lakes and wetlands, the construction of mountain parks, the regreening of slopes, the construction of green corridors and greenways, the construction of pocket parks and smart gardens, the construction of family landscapes, and the maintenance of green spaces.
Huayi Ecology said in the prospectus that the company has successively developed and formed two characteristic business models - the integration of Hui culture and the application of digitalization. According to reports, Huayi Ecology is committed to inheriting and innovating the art of the Hui School, and flexibly applies the design concepts of the Hui School such as white walls, green tiles, black walls, exquisite mountains and stones, and detours on the water surface to the construction of the project.
At the same time, Huayi Ecology is aware of the prospect of digital application, gradually explores the application of informatization, digitalization and intelligent technology in the industry, and is committed to realizing the innovative smart garden scene and smart maintenance mode of "science and technology + culture + art + digital intelligence".
In 2020, 2021, 2022 and the first half of 2023, Huayi Ecology's revenue will be 628 million yuan, 732 million yuan, 784 million yuan and 401 million yuan respectively, the net profit will be 34.8275 million yuan, 56.3819 million yuan, 82.443 million yuan and 34.3502 million yuan respectively, and the net profit after deducting non-profits will be 31.5523 million yuan, 51.8433 million yuan, 80.1985 million yuan and 34.3134 million yuan respectively.
Beduo Finance learned that the main business income of Huayi Ecology mainly comes from ecological restoration and landscape construction. During the reporting period, the contribution of ecological restoration income accounted for 47.23%, 56.28%, 53.29% and 33.28%, respectively, and the revenue from landscape construction accounted for 43.19%, 32.80%, 30.00% and 45.45%, respectively.
Huayi Ecology said in the prospectus that ecological restoration business and landscape construction business are an important part of the company's main business, with total revenue accounting for 90.42%, 89.08%, 83.29% and 78.73% respectively during the reporting period, and total costs accounting for 89.93%, 90.35%, 84.96% and 79.16% respectively.
According to the prospectus, Huayi Ecology's sales method is mainly bidding, including information collection, bidding and project establishment, and organizing bidding. During the reporting period, the company undertook a total of 3.791 billion yuan in new project contracts, of which 3.643 billion yuan was obtained through bidding, accounting for 96.10%.
From the perspective of regions, the income of Huayi Ecology's ecological restoration and landscape construction business mainly comes from Anhui Province. During the reporting period, the revenue contributed by Anhui Province was 501 million yuan, 606 million yuan, 678 million yuan and 325 million yuan respectively, accounting for 79.82%, 82.76%, 86.48% and 81.02% of the main business income respectively.
From this point of view, the business area of Huayi Ecology is relatively concentrated. If there are future changes in the planning of ecological restoration and landscape construction in Anhui, it may reduce the company's potential business opportunities or extend the implementation period of the project, which in turn will adversely affect its operating results.
Before this listing, the actual controllers of Huayi Ecology were Hu Youhua and Fan Lixia, and the two were husband and wife. Among them, Hu Youhua directly holds 46.84% of the shares, and Fan Lixia directly holds 8.92% of the shares. At the same time, it controls 5.86% of the company's shares through Hefei Zhong Lingyuxiu, and controls a total of 61.62% of the company's shares.
In addition, Zhenrui Neng holds 5.83% of the shares, Shanghai Bingguo holds 4.78% of the shares, Renzhong Investment holds 4.50% of the shares, Anhua Investment holds 1.83% of the shares, Fan Chuan holds 1.22% of the shares, Fan Huade holds 1.20% of the shares, Guoyuan Securities (CS) holds 0.96% of the shares, and the rest of the shareholders hold a total of 18.07% of the shares.
At present, Hu Youhua is the chairman and general manager of Huayi Ecology, and Fan Lixia is the head of the company's internal audit department.