China Economic Net, Beijing, February 22 - Yaxiang shares (301220SZ) closed at 2900 yuan, an increase of 458%。
Yaxiang shares last night issued a simplified procedure to specific objects to issue ** plan. The total proceeds of the offering will not exceed 18,0000000000 (including 18,000.)000,000 yuan), after deducting the issuance costs, the net funds raised are all used for an annual output of 432 tons of flavors, spices, food additives series products and supplementary working capital.
The ** type of issuance to specific targets is RMB ordinary shares (A shares) listed in China, with a par value of RMB 1 per share00 yuan. The issuance will be issued to specific targets in a simplified manner, and the issuance payment will be completed within 10 working days after obtaining the decision of the China Securities Regulatory Commission to register.
The company's issuance of no more than 35 (inclusive) specific investors who meet the conditions stipulated by the China Securities Regulatory Commission, including ** investment management companies, ** companies, trust and investment companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors in accordance with the provisions of the China Securities Regulatory Commission. Among them, **Investment** management company, ** company, Qualified Foreign Institutional Investor (QFII) and RMB QFII subscribed for two or more products under their management shall be regarded as one issuance target; If the trust and investment company is the object of issuance, it can only subscribe with its own funds. All issuers subscribe for the same ** issued to specific objects, and all of them are subscribed in cash.
The pricing benchmark date of this offering is the first day of the issuance period, and the issuance ** shall not be less than 80% of the average trading price of the company** in the 20 trading days before the pricing benchmark date.
The number of ** issued to specific objects is the total amount of funds raised by the issuance of specific objects divided by the issuance of ** (if the calculation result is less than 1 share, the mantissa should be rounded down, and the consideration for less than 1 share will be automatically deducted from the total subscription price), and at the same time does not exceed 30% of the company's total share capital before the issuance. Within the foregoing, the board of directors authorized by the company's 2022 annual general meeting of shareholders will negotiate with the sponsor (lead underwriter) of this offering according to the specific situation, and the corresponding amount of funds raised shall not exceed 2500 million yuan and no more than 20% of the net assets at the end of the most recent year.
After the completion of the issuance of ** to a specific object by means of a simplified procedure, the ** subscribed by the issuer shall not be transferred within six months from the date of the end of this offering. Where laws, regulations, and normative documents have other provisions on the sales restriction period, follow those provisions.
Before the completion of the issuance, the company's accumulated undistributed profits will be shared by the company's new and old shareholders according to their shareholding ratio after the completion of the issuance.
The ** issued to specific targets by simplified procedure will be listed and traded on the Growth Enterprise Market of the Shenzhen ** Exchange. The effective period of the issuance resolution is from the date of deliberation and approval of the company's 2022 annual general meeting of shareholders to the date of the company's 2023 annual general meeting of shareholders. If the relevant laws, regulations and normative documents have new provisions on the issuance of ** to specific targets by simplified procedures, the company will make corresponding adjustments according to the new regulations.
As of the date of the announcement of the plan, the company has not yet determined the specific issuance object, so it is impossible to determine whether the issuance constitutes a related party transaction. If there is a related party subscription of the shares issued by a related party constitutes a related party transaction, the company will review and disclose it in a timely manner in accordance with the relevant regulations.
As of September 30, 2023, Zhou Junxue directly held 3993% equity, indirectly holding 083% of the shares, a total of 40 of the company76% equity interest, is the actual controller of the company. The offering is not expected to result in a change of control of the listed company.
Yaxiang shares were listed on the Growth Enterprise Market of the Shenzhen ** Stock Exchange on June 22, 2022, with 20.2 million shares issued in this public offering, accounting for 25% of the total share capital after the issuance. The issuance is all new shares, the original shareholders do not offer shares to the public, and the issuance ** is 35$98 shares; The sponsor (lead underwriter) is Ping An ** shares***, the sponsor representatives are Shen Jia and Meng Na, and the joint lead underwriters are GF ** shares***
On the first day of listing, Yaxiang shares opened at 4920 yuan, the highest report is 5180 yuan, reaching a high since its listing, closed at 48 on the same day$98, as of now, the stock price is lower than its issue price.
The total amount of funds raised in the initial public offering of Yaxiang shares was 72,679600,000 yuan, with a net proceeds of 66,209410,000 yuan, 14,209 more than the original plan410,000 yuan; According to the company's prospectus disclosed on June 17, 2022, the company intends to raise 52,0000000000 yuan, which is planned to be used for 6,500t A flavors and fragrances and food additives and by-products 15 tons of cinnamon essential oil and 1 ton of clove light oil and 20 tons of limonene projects, bank loan repayment projects, and replenishment of working capital projects.
According to the third quarter report of Yaxiang shares in 2023, in the third quarter of 2023, Yaxiang shares achieved operating income of 18.7 billion yuan, a year-on-year increase of 1016%；net profit attributable to shareholders of listed companies was 2282100,000 yuan, down 2704%；Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2505940,000 yuan, a year-on-year increase of 481%。
In the first three quarters of 2023, Yaxiang Co., Ltd. achieved operating income of 47.4 billion yuan, down 12 percent year-on-year33%；Net profit attributable to shareholders of listed companies was 6900110,000 yuan, down 30 percent year-on-year45%；net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 6335920,000 yuan, down 3089%；Net cash flow from operating activities was 1904240,000 yuan, down 69 percent year-on-year36%。
*: China Economic Net.