Recently, Anhui Shanfu New Materials Technology Co., Ltd. (hereinafter referred to as "Shanfu New Materials") submitted a listing guidance filing report to the Anhui Regulatory Bureau of the China Securities Regulatory Commission. The report pointed out that in September 2022, Shanfu New Materials and Haitong Securities signed the "Initial Public Offering and Listing Guidance Agreement between Anhui Shanfu New Materials Technology Co., Ltd. and Haitong Securities Co., Ltd.". Haitong Securities provides guidance on Shanfu New Materials in accordance with the requirements of the China Securities Regulatory Commission, and guides Shanfu New Materials to learn relevant documents such as laws, regulations and other related documents that listed companies must understand.
According to the disclosure, Shanfu New Materials has three main risks:
(I) Historical evolution and reform
In July 2002, the company's restructuring and cancellation matters: On December 30, 2015, the company obtained the "Certificate" jointly issued by the She County People's Government and the She County Civil Affairs Bureau (currently the highest written confirmation document level is county level).
Subsequently recommends obtaining written documents to confirm the process and results of collective enterprise property rights screening by the municipal and above people's governments.
(II) Administrative Penalty
Company was fined 50,000 yuan for the She County Emergency Management Bureau conducting a law enforcement inspection on October 13, 2021: 1. The explosion-proof sealing of the gas detector part of the storage tank area was not standardized; 2. The on-site instrument table was not grounded; 3. The second workshop (Class C) had an SIS cabinet room (close to Class A workshop) and had no anti-explosion measures.
Subsequently, special compliance certificates from the corresponding competent departments must be obtained for the above administrative penalties.
(III) Trademark ownership
The company used "
" as the company's promotion logo during daily operations and during external publicity. After querying on the National Intellectual Property Office trademark website, the company has not registered a trademark for the aforementioned logo.
Company needs to apply for a trademark registration for the above logo as soon as possible.
Qu Paint (Qu Tu.com) data shows that Shanfu New Materials was established in 2002. Its main business covers the research and development, manufacturing, marketing and after-sales service of powder coating special raw materials field for powder coating .
For many years, Shanfu New Materials has taken innovation as its first driving force and used technology to drive the high-quality development of .
In August this year, Ye Lin, deputy general manager of Shanfu New Materials, said in an interview with the media that Shanfu New Materials has 10 core technology invention patents. In 2021, Shanfu New Materials' R&D funds accounted for 3.31% of the total revenue, reaching 22.33 million yuan. At present, high-tech products of enterprises account for more than 90% of enterprise sales revenue.
It is worth mentioning that in terms of the development of the industry in recent years, companies with funds and strength are all catching up. Shanfu New Materials is no exception. From the perspective of new construction projects:
On February 21, 2022, the Economic Development Zone of She County, Anhui Province issued the "2nd Announcement on the Impact Evaluation of the Environmental Impact Evaluation of the Environmental Impact Evaluation of the Project of Production of Functional Epoxy Resin in the Project" on February 21, 2022, and the project is as follows: using the existing factory area, a planned investment of 15 million yuan will be invested. The 2nd workshop has 5 reactors, production idle time, and a supporting batch mixer, ice machine, filling unit and other supporting facilities are added, and functional epoxy resin is added 20,000 tons/year; the existing idle xylene storage tanks in the factory are transformed for acetone storage; the gas hood is added at the feed port of the workshop reactor to collect feed dust; the one-step epoxy resin production capacity of workshop 1 has been reduced from 12,000 tons to 9,000 tons, and three reactors are removed.
At the end of March 2021, Tongling Economic and Technological Development Zone announced the 1 Tongling Shanwei New Materials Technology Co., Ltd.'s annual production of 210,000 tons of electronic grade epoxy resin project 6 Environmental impact assessment information is announced at one time. The project situation is as follows: The project covers an area of about 104 mu, and the project is planned to be built in two phases at one phase. The first phase covers an area of 44 mu, with a liquid epoxy resin production line with a production capacity of 75,000 tons/year; 1 solution resin production line with a production capacity of 40,000 tons/year.The second phase covers an area of 4 mu, with a liquid epoxy resin production line with a production capacity of 75,000 tons/year; and a solid resin production line with a production capacity of 18,000 tons/year. Tongling Shanwei New Materials Technology Co., Ltd. was established in October 2020 and is a subsidiary of Shanfu New Materials. Its main business is the production and sale of epoxy resins, the import and export of goods and technologies.
may be optimistic about the development prospects of Shanfu New Materials, and the company has also gained capital favor this year.
htmlIn the past year, Shanfu New Materials received 20 million yuan in capital increase by Honghui (Hainan) Technology Co., Ltd. (hereinafter referred to as "Honghui (Hainan)"), a subsidiary of downstream customer Honghui New Materials. After the completion of this capital increase, Honghui (Hainan) will hold 6.62% of the equity of Anhui Shanfu. Honghui New Materials is mainly engaged in the research, development, production and sales of vinyl chloride -vinyl acetate copolymer resin and vinyl chloride copolymer emulsion.
For this transaction, Honghui New Materials stated that Anhui Shanfu's main product, epoxy resin, is the company's main raw material, and is at the upstream of the company's water-based product chain. Honghui New Materials and Anhui Shanfu are in the upstream and downstream relationship of the industrial chain, each with advantages. The two parties have a good cooperation foundation. Through this strategic cooperation, the two parties have complementary advantages.
In fact, Shanfu New Materials can also get real money and silver when embarking on its journey to list.
According to the "Several Policy Regulations on Incentive Enterprise Listing and Direct Financing" issued by She County, Huangshan, Anhui Province, once Shanfu New Materials is successfully listed, it can receive a county-level reward of up to 5 million yuan.
