Text: Bullet Finance.On December 29, according to the official website of the Shenzhen ** Exchange, Huazhi Machinery Co., Ltd. withdrew its application for listing on the main board of the Shenzhen Stock Exchange on December 28, so their sprint IPO process was officially terminated.
Huazhi's listing application was officially accepted on June 29 this year, and after only half a year, they terminated the listing.
According to the prospectus of Huazhi shares, the company is an electronic manufacturing service provider specializing in energy products, and is committed to providing customers with differentiated and diversified electronic manufacturing services, including engineering technical support, chain management, manufacturing and product testing and other overall solutions. The company's product types include network energy and photovoltaic energy products, which are widely used in photovoltaic systems, energy storage systems, communication base stations, data centers, new energy vehicle charging piles and other fields, covering photovoltaic power generation, power storage, power transformation, charging, electricity and other power supply products of the whole industry chain.
The predecessor of Huazhi Co., Ltd. was established in April 2014, and the joint-stock company was established in October 2018.
The legal representative and actual controller of the company is Jiang Xiao, who directly holds 1685% of the shares, by holding 100% of the shares of the controlling shareholder Jiang's company, and then controlling the company 5842% of the voting rights of the shares. At the same time, Jiang Xiao, as the executive partner of Dongzhou Chuangfu and Dongzhou Taifu, controls the company through Dongzhou Chuangfu and Dongzhou Taifu889% of the voting rights. Therefore, Jiang Xiao directly or indirectly controlled the company8415% of the voting rights of the shares.
According to the prospectus, Jiang Xiao received administrative penalties twice in February and September 2022, and was fined 50,000 yuan for the first time, because Huazhi Co., Ltd. did not build environmental protection facilities in accordance with the requirements of the environmental impact report form of the construction projectHe was fined 20,000 yuan for the second time, because the staff of Huizhou Huazhi did not truthfully record the investigation and management of the hidden dangers of the accident, violating the relevant regulations, and Jiang Xiao, as the main person in charge of Huizhou Huazhi, failed to perform the safety production management duties stipulated in the "Safety Production Law".
In 2020, 2021 and 2022, the company's revenue was 495.8 billion yuan, 555.7 billion yuan and 81.9 billion yuan;The net profit attributable to shareholders of the parent company in the same period was 351990,000 yuan, 2696960,000 yuan and 109.2 billion yuan. The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 3942280,000 yuan, 4570220,000 yuan, 102.2 billion yuan.
Huawei, the main customers of Huazhi Co., Ltd., and Vertiv are leading enterprises in the field of communication equipment and network energy, and the company's customer concentration is relatively high due to the characteristics of the EMS industry, the competition in the downstream market and the issuer's own business development. During the reporting period, the company's total sales revenue to Huawei and Vertiv accounted for the proportion of main business revenue respectively66% and 9984%, accounting for a relatively high percentage.
Huazhi originally planned to raise about 734.4 billion yuan, which will be used for the intelligent manufacturing construction project of Huizhou Huazhi digital energy products, the construction project of Huizhou Huazhi R&D Center and the replenishment of working capital. Before the raised funds are in place, the company will invest in the project with its own funds or bank loans according to the actual construction progress of the project.