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The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

author:Thunder delivery
The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

Lei Jianping on May 6

The IPO of Suzhou Huayi New Energy Technology Co., Ltd. (hereinafter referred to as "Huayi Shares") was terminated a few days ago, and Huayi Shares was preparing to be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange.

The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

Huayi originally planned to raise 800 million yuan for a project with an annual output of 116,500 tons of new energy lithium battery electrolytes and additives.

Annual revenue of 395 million

Huayi's main business is the R&D, production and sales of lithium battery electrolyte additives, and it is one of the earliest enterprises engaged in the R&D and production of lithium battery electrolyte additives in China.

The core products of Huayi Co., Ltd. are vinylene carbonate (VC) and fluoroethylene carbonate (FEC), which are the main additives of lithium battery electrolytes, which are used in new energy vehicles, 3C products, power storage and other fields.

The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

According to the prospectus, the revenue of Huayi Co., Ltd. in 2020, 2021 and 2022 will be 117 million yuan, 512 million yuan and 395 million yuan respectively, the net profit will be 13.82 million yuan, 180 million yuan and 106 million yuan respectively, and the net profit after deducting non-profits will be 12.6888 million yuan, 180 million yuan and 100 million yuan respectively.

Mr. and Mrs. Wang Zhenyi control 58.5% of the shares

The actual controllers of Huayi shares are Wang Zhenyi and Gu Hongxia. As of the date of this prospectus, Wang Zhenyi holds 46.33% of the company's shares and serves as the chairman and general manager of the company, while Gu Hongxia and Wang Zhenyi are husband and wife and directly hold 4.83% of the company's shares.

Mr. and Mrs. Wang Zhenyi and Gu Hongxia directly hold a total of 51.16% of the shares, and directly hold and control the voting rights of 58.50% of the company's shares through the "Concerted Action Agreement", and are the actual controllers of the company.

The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

Gu Chen, Ye Fang and Wang Zhenyu are the persons acting in concert with Wang Zhenyi and Gu Hongxia, the actual controllers of Huayi Shares. As of the date of this Prospectus, Gu Chen, Ye Fang and Wang Zhenyu held 4.25%, 1.54% and 1.54% of the Company's shares, respectively.

Wang Zhenyi, male, born in 1968, college degree, major in business administration. From August 1993 to February 1997, he served as a salesman of Taicang Sugang Metal Materials Co., Ltd., from March 1997 to June 2000, he worked as a freelancer, from July 2000 to the present, he served as the general manager of Huayi Co., Ltd., and from July 2000 to January 2005 and from August 2009 to the present, he has served as the chairman of Huayi Co., Ltd.

Gu Hongxia, female, born in 1970, has a high school degree. Since July 2004, he has worked for First China Limited and served as a director of First China Limited from January 2017 to September 2020.

Wang Zhenyu, male, born in 1974, college degree, major in computer science. From July 1995 to September 1998, he served as an electrical and mechanical engineer of the Qianxing Village Committee of Liujiagang, from October 1998 to June 2000, he worked as a freelancer, and since July 2000, he has successively served as a supervisor, deputy general manager and director of Huayi Co., Ltd., and is currently a director and deputy general manager of the Company.

The IPO of Huayi shares GEM was terminated: annual revenue of 395 million yuan had planned to raise 800 million yuan

Ye Fang, female, born in 1978, has a high school degree. From June 2003 to December 2006, he worked in Shanghai Electric Power Construction Co., Ltd., from January 2007 to January 2010, Suzhou Huayi New Energy Technology Co., Ltd., and since February 2010, he has been working as a freelancer.

Gu Chen, female, born in 1994, holds a master's degree in educational psychology. Since June 2019, he has worked in Shanghai Huanyu Logistics Equipment Co., Ltd. Gu Chen is the daughter of the actual controllers Wang Zhenyi and Gu Hongxia.

In that year, Gu Hongxia terminated the equity holding relationship, and at the same time transferred a total of 5.5% of the shares of the company held by Xie Li and Yang Xiangsheng to her daughter Gu Chen free of charge. However, Gu Chen did not follow Wang Zhenyi's surname, and Wang Zhenyi was also aggrieved enough.

In January 2023, Wang Xiaolong passed away due to illness, and all the shares of Huayi held by Wang Xiaolong were inherited by his spouse Ye Fang.

In addition, Oak shares hold 31.5% of the shares, Sinochem High-tech holds 3.37% of the shares, Taicang Hongli holds 2.81% of the shares, Yida Chemical and Yida Venture hold 1.54% of the shares, the integration of production and talent holds 0.56% of the shares, and Wuhan Gaoxuan holds 0.17% of the shares.

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