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On November 2, the official website of Shanghai Securities Purchase and Selling Office issued a decision on the final announcement of the first public offering of shares and listing on the Science and Technology Innovation Board by Jiangsu GuofuManila escortHydraulic Technology Equipment Co., Ltd. (hereinafter referred to as “Hydraulic Energy”) He was nearly stable and praised him. In the future, the road to listing of several energy companies including Shanghai Jiwei Technology Co., Ltd. (hereinafter referred to as “Jiewei Technology”) and Shanghai Zhizhen New Dynamics Co., Ltd. (hereinafter referred to as “Zizhen Co., Ltd.) has been full of twists and turns.
The industry believes that the thermal energy industry is still in its early stages of development, and technology, capital, product functions, basic equipment construction, etc. need to be promoted in one step. At the same time, as a technology-intensive industry, the HEI industry needs to invest more heavily in technical innovation and high-end talent training.
The listing process is blocked
According to the official website of the Shanghai Stock Exchange, after September 30, the IPOs of the three companies’ science and technology innovation boards were all interrupted. Public information shows that the financial information recorded in the issuance of the listing application documents has expired and needs to be supplemented and submitted. By November 2, the Shanghai Stock Exchange’s official website showed that Guofuxin had officially withdrew the IPO application for the Science and Technology Innovation Board.
In recent years, HEE enterprises have continuously improved their talents in technology, product manufacturing, financing and other fields. In order to obtain continuous fund support and standardized governance, more and more energy companies are focusing on the science and technology innovation board to accelerate the listing process. In June this year, Czech Technology, Guofu Energy and Zhizhen Co., Ltd. revealed the Science and Technology IPO prospectus on the Shanghai Stock Exchange in just three days.
Song Qinghui, founder and economics expert of Qinghua Intelligent Library, believes that: “Pinay escort is expected to go public in the first half of this year. It is in line with the expected conditions of the country or science and technology innovation board, and is also more suitable for the current stage of business management and development of the enterprise., the “Long-term Plan for Hydrogen Energy Industry Development (2021-2035)” issued by the National Development and Reform Commission clearly proposes that it is necessary to strengthen financial support and support suitable energy enterprises to register and list on the Science and Technology Innovation Board, the Industrial Board and other listing. Hydrogen enterprises are constantly looking to go public, and they want to use the help of the capital market to occupy a 100,000-level big cake in Hydrogen Industry. ”
It is worth noting that at present, the energy industry is still in its infancy, the industry has not yet been developed, and corporate profit performance is not optimistic. As the “first stock of energy”, Yihuatong is also facing problems such as stock price surges and continuity.
Business expenditure is not suitable for business expensesSugar daddy period
From the industry performance, the performance of the three companies is not in line with the expectations of high growth of the Science and Technology Innovation Board. From 2019 to 2021, during the reporting period, Cyclone Technology’s actual business expenditure was RMB 11.2 billion, RMB 247 billion, RMB 587 billion, and the profit was RMB -35 billion, RMB -94 billion, and RMB -59 billion. The actual business expenditure of CIFE is RMB 1.Escort manila7.6 billion yuan, 2.51Manila escort33 billion yuan; the profits are -1.8 billion yuan, -6.3 billion yuan, and -0.7Manila escort0 billion yuan. Sugar daddyZhizhen Co., Ltd.’s actual business expenditure is RMB 28 billion, RMB 70 billion, and RMB 223 billion respectively; the profit is RMB -34 billion, RMB 20 billion respectively. Over the past three years, except for Zhizhen Co., Ltd., the other two companies are in a state of poverty.
In addition, there are still Sugar baby, RMB -131 billion, and RMB 20 billion respectively. In addition, the other energy companies still have Sugar babyThere are frequent changes in customers or excessive business concentration. According to CET Technology’s prospectus, during the reporting period, the sales expenditure of the company’s top five customers accounted for 100.00% of the company’s operating expenditure, 98.33% and 77.51% respectively, and the customer concentration was higher. At the same time, in terms of procurement, SAIC Group and its companies under the control of the company are also the largest supplier of Czech Republic Technology. Song Weitong stayed in the footsteps, put down his suitcase and looked for the merchants. The purchase amount in 2021 reached 170 million yuan, accounting for 30% of the total procurement amount.
The prospectus of 3 companies shows that Guofu Energy specializes in the research and development, design, manufacturing, sales and engineering technology services of fuel battery reactors, systems and focal parts; Jishi Technology focuses on the research, development, manufacturing, sales and engineering technology services of fuel battery reactors, systems and focal parts; Zhizhen Co., Ltd. Sugar daddy is an important part of the research and development, manufacturing, sales and related technical services of fuel battery metal dual-electrode plates. The three companies’ foundations are all focusing on the field of energy and energy.
At the same time, the gross profit of the three companies is also declining year by year. During the reporting period, the gross profit margins of Czech Technology’s fuel battery system are 4.7.35%, respectively.ppines-sugar.net/”>Escort manila35.9Sugar daddy3%, 30.78%; the gross profit margins of the main business of Guofu Energy are 16.72%, 22.39%, and 10.37% respectively; the comprehensive gross profit margins of Zhizhen Co., Ltd. are 45.14%, 30.97%, and 28.67% respectively.
Master the development rhythm
Song Qinghui believes that several consecutive energy companies have encountered obstacles in listing, and their entire travel industry is intimidated. “Because in the dream, the heroine has achieved good results in every issue, and the lowest-achieving Yuqiu’s internal energy industry is still in the early stages of industrialization, with unclear strategic positioning of industry, weak international competition, and industry layout scoresSugar daddyDispute”, which is a Land Rover for corporate IPOs. “
” After twenty years of the party, the financial industry should focus on financial services on physical economy. Previously, the supervisory level found during the IPO review that there were problems with internal control of a single enterprise, especially in fund activities, procurement, sales, business outsourcing, asset governance and other aspects. After encountering obstacles in corporate listing, they should carefully analyze their own shortcomings, such as lack of independence and internal corporate control. “Song Qinghui expressed.
Many industry insiders also admitted that the IPO of the HEI Enterprise Science Innovation Board should maintain the development of height quality, ensure the safety of national strength, and effectively solve the problem of negotiation technology. Even if the financial report shows in the short term, it should show a long-term positive development trend.
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