In this week’s rounds of baptisms, one more company’s A-share IPO was rejected and two companies were postponed, and these three companies all appeared on the Science and Technology Innovation Board that implements the registration system. They are also science and technology innovation companies. It was the second time that a company was rejected from the board, which also caused a sharp drop in the week-on-week data.
Next week, according to public information, another 20 companies will attend the meeting as planned. Whether they can successfully pass the meeting remains to be tested.
This week, there were two deliberations on November 24th and 25th. A total of six companies joined the GEM club with joy, although during the meeting, there were many questions from the regulators. .
Next week, the GEM Listing Committee has only arranged two review meetings, but the number is relatively larger, with a total of 8 companies attending the meeting.
Among them, at the 52nd GEM Listing Committee review meeting held on November 30, there will be Guangzhou Holley Technology Co., Ltd. (hereinafter referred to as Holley Technology), Zhejiang Jiayi Insulation Technology Co., Ltd. Four companies including the company, Maxtor Instrument Co., Ltd. and China Resources Chemical Materials Technology Co., Ltd. made their appearance.
Holley Technology is a company that can bring joy to consumers. It is mainly engaged in the design, development, production, sales and operation of game and entertainment equipment. Currently, the company has obtained a number of IPs in the field of game and entertainment equipment. Global or regional agency rights, including "Ultraman", "Mario", "Halo", "Transformers", "Tomb Raider", "Behemoth", "Initial D ZERO", etc.
Another session is scheduled for December 3. Regulators will review the proposals of Guangdong Qide New Materials Co., Ltd., Xiamen East Asia Machinery Industry Co., Ltd. (hereinafter referred to as East Asia Machinery), and Jiangsu Yangdian Technology Co., Ltd. The company and Shandong Longhua New Materials Co., Ltd. are the first four companies.
Among them, Dongya Machinery is a comprehensive compressed air system solution provider with independent research and development, design and production of compressor mainframe as its core, and also conducts research, development, production and sales of complete air compressors and supporting equipment. business. The company's main products are the "JAGUAR" air compressor series and related supporting equipment, including more than 300 models of screw air compressors, piston air compressors and supporting equipment. The products are widely used in equipment manufacturing, automobiles, metallurgy, In industrial fields such as electric power, electronics, medical care, and textiles, end users include CRRC, BYD, Gold Medal Cabinet, and many other well-known companies.
In the acceptance section, the application draft of Ningbo Tianyi Medical Equipment Co., Ltd. was newly disclosed on the 23rd last week. On the 24th, Xiamen Weike Molding Technology Co., Ltd. and Guoneng Rixin were newly unveiled. Technology Co., Ltd., Jiangsu Tongxingbao Intelligent Transportation Technology Co., Ltd., and on the 25th and 27th, Dongguan Kaige Precision Machinery Co., Ltd. and Jiangsu Haili Wind Power Equipment Technology Co., Ltd. were accepted.
This week’s meeting on the Science and Technology Innovation Board was not so festive. A total of 8 companies appeared on the meeting. The final result was that 5 companies passed the meeting, 1 was rejected, and 2 companies were postponed.
The company that was rejected was Changsha Xingjia Bioengineering Co., Ltd. (hereinafter referred to as Xingjia Biotechnology), which went public on November 26. Its sponsor is Western Securities, and the company’s planned financing amount is 3.29 billion.
It is reported that Xingjia Bio is a company that provides customers with high-quality mineral and trace element balanced nutrition solutions. It already has amino acid complexes (chelates), hydroxychloride, complex trace elements, and micro-balanced ecological organic products. There are four major categories of fertilizer products, and the main representative users are Royal DSM of the Netherlands, Cargill of the United States, Smithfield (the world's largest pig producer and pork supplier), Tyson of the United States Foods, the world's largest supplier and manufacturer of chicken, beef, and pork), Wen's Group, Haid Group, New Hope Liuhe Group, Dabeinong Group, Kangdi Group and other world-renowned feed and breeding production companies.
The two companies that have been postponed are Jinguan Electric Co., Ltd. (hereinafter referred to as Jinguan Electric), which will go to the meeting on November 23, and Shenzhen Dingyang Technology Co., Ltd., which will go to the meeting on November 25. (hereinafter referred to as Dingyang Technology).
Jinguan Electric has long served in the construction of strong smart grids with UHV as the backbone grid and coordinated development of power grids at all levels. It mainly provides users with AC and DC metal oxide arresters and smart distribution network products. Products include lightning arresters and smart distribution network equipment. During the review, the supervisory authorities requested Jinguan Electric to further explain the composition of the board of directors after the actual controller changed in 2014, the decision-making procedures of the shareholders' meeting and the board of directors, and the evidence that Fan Chong was the actual controller; and that Everbright Finance and others held the equity on behalf of Xi Chunying. During this period, the composition of the board of directors and operating management organization of Jinguan Electric and the relationship with Xi Chunying, the relevant board of directors and operating management decision-making procedures during the period when Jinguan Co., Ltd. was held on behalf of Everbright Finance, and whether Xi Chunying actually controlled Jinguan Co., Ltd.
The sponsor of Dingyang Technology is Guosen Securities. The company focuses on the development and technological innovation of general electronic test and measurement instruments, and has developed digital oscilloscopes, waveform and signal generators, and spectrum analyzers with independent core technologies. , vector network analyzer and other products, it has the R&D, production and sales capabilities of domestic advanced general electronic test and measurement instruments. Dingyang Technology's independent brand "SIGLENT" has become a world-renowned brand of general electronic testing and measuring instruments, with its products sold to more than 80 countries and regions around the world. At the meeting, regulators questioned the fundraising project that required over 200 million yuan: high-end general electronic test and measurement instrument chips and core algorithm research and development projects. Regulators require the company to explain the specific content of the project, implementation plan, commercial rationality, necessity, and feasibility; as well as the corresponding technical capabilities and execution capabilities, and relevant technology and personnel reserves.
Next week, the listing committee of the Science and Technology Innovation Board will review the IPOs of two companies, Suzhou Shangsheng Electronics Co., Ltd. and Shenzhen Sine Electric Co., Ltd., on December 1; on December 3, Shanghai Four companies, Hollevo Electronic System Technology Co., Ltd., Cathay New Point Software Co., Ltd., Qingdao Zhongjiate Electric Co., Ltd., and Suzhou Navigation Technology Co., Ltd., have successively appeared.
In terms of acceptance, 5 companies disclosed their application drafts this week, namely Bochuang Intelligent Equipment Co., Ltd., China Steel Group Maanshan Mining Research Institute Co., Ltd., and Asia Silicon Industry (Qinghai) Co., Ltd. Company, Zhejiang Guoxiang Co., Ltd., Zhongke Weizhi Intelligent Manufacturing Technology Jiangsu Co., Ltd.
On November 26 this week, at the 169th Issuance Review Committee meeting of the 18th Issuance Review Committee of the China Securities Regulatory Commission in 2020, all five companies reviewed were approved for IPO, including Emma Technology, an electric vehicle company endorsed by Jay Chou.
As for next week, the Issuance Review Committee will hold another review on December 3. The companies at the meeting include Chengdu Lihang Technology Co., Ltd., Zhejiang Titan Co., Ltd., and Jiahe Food Industry Co., Ltd. (hereinafter referred to as Jiahe Food), Shandong Bailong Chuangyuan Biotechnology Co., Ltd., Ningbo Shimao Energy Co., Ltd., and Guangdong Sanhe Pipe Pile Co., Ltd. *** total 6 companies.
Among them, Jiahe Food is sponsored by Soochow Securities. The company is mainly engaged in the research and development, production and sales of non-dairy creamer, coffee and other solid beverages.
According to Jiahe Food, the company’s non-dairy creamer has become a well-known raw material product in milk tea, coffee and other fields at home and abroad. Its downstream customers include not only Xiangpiaopiao, Uni-President, Wahaha, and Unilever , TORABIKA (Indonesia) and other well-known food industry enterprises, there are also food and beverage chain stores that are familiar to consumers such as "CoCo", "85 C", "Shanghai Auntie", "Gu Ming"; the company's "Jinghua" trademark and brand were rated as "Famous Trademarks of Jiangsu Province" and "Internationally Famous Brands Focused on Cultivating and Developing in Jiangsu Province" by the Jiangsu Provincial Administration for Industry and Commerce and the Jiangsu Provincial Department of Commerce. The company's non-dairy creamer business has achieved strong competitive advantages in the market. . As for Jiahe Food’s coffee business, from 2016 to 2018, its sales volume of coffee products were 486.84 tons, 962.53 tons and 2488.28 tons respectively, and the sales scale showed an upward trend year by year.