Source: China Economic Network
China Economic Network Beijing, July 1st Today, Hubei Chaozhuo Aviation Technology Co., Ltd. (hereinafter referred to as "Chaozhuo Aviation", 688237.SH) was listed on the Shanghai Stock Exchange Science and Technology Innovation Board. As of the closing price, it was trading at 69.50 yuan, an increase of 68.40%, an amplitude of 45.04%, a turnover rate of 79.52%, a turnover of 933 million yuan, and a total market value of 6.227 billion yuan.
Chaozhuo Aviation Technology is one of the few domestic companies that has mastered cold spray additive manufacturing technology and applied it industrially in the field of aircraft maintenance and remanufacturing. It is mainly engaged in customized additive manufacturing and airborne equipment maintenance business.
Before this issuance, Li Yihan held 30.23% of the shares of Chaozhuo Hangke, Li Guangping held 21.02% of the shares of Chaozhuo Hangke, and Wang Chunxiao held 15.10% of the shares of Chaozhuo Hangke. Li Guangping and Wang Chunxiao are spouses, and Li Yihan is the son of Li Guangping and Wang Chunxiao. The three of them collectively hold 66.35% of the shares of Chaozhuo Aviation and are the joint controlling shareholders and joint actual controllers of the issuer. In the past three years, Chaozhuo Aviation's joint controlling shareholders, joint actual controllers and largest shareholder have not changed.
After this issuance, Li Yihan holds 22.67% of the shares of Chaozhuo Hangke, Li Guangping holds 15.77% of the shares of Chaozhuo Hangke, and Wang Chunxiao holds 11.33% of the shares of Chaozhuo Hangke.
The 6th 2022 review meeting of the Shanghai Stock Exchange's Science and Technology Innovation Board Listing Committee was held on January 26, 2022. Chaozhuo Aviation's initial launch complied with the issuance conditions, listing conditions and information disclosure requirements. The on-site inquiry questions of the Science and Technology Innovation Board Listing Committee were:
The issuer’s representatives are requested to further explain the specific embodiment of the issuer’s technological advancement, the issuer’s technological advancement, and the issuer’s reliance on the research and development investment, core technology sources, core technical personnel composition, technical dependence on the actual controller Li Yihan, and major customer dependence during the reporting period. continuous research and development capabilities and market space for customized additive manufacturing business, and whether the relevant information disclosure is sufficient. Please give , the sponsor representative of , a clear opinion.
Chaozhuo Hangke publicly issued 22,400,828 shares on the Shanghai Stock Exchange's Science and Technology Innovation Board this time, all of which are new shares. No transfer of old shares will be arranged. The issuance price is 41.27 yuan/share. The joint sponsor (lead underwriter) is Haitong Securities Co., Ltd. , AVIC Securities Co., Ltd. Among them, the sponsor representatives of Haitong Securities Co., Ltd. are Zhu Jisai and Chen Bangyu, and the sponsor representatives of AVIC Securities Co., Ltd. are Guo Weiming and Sun Jie. The total amount of funds raised by
Chaozhuo Aviation Technology in this issuance is 924.4822 million yuan; after deducting the issuance expenses (excluding tax), the net amount of funds raised is 808.5759 million yuan; 529.3982 million yuan more than the original plan.
Chaozhuo Aviation's prospectus released on June 28, 2022 shows that the company plans to raise 279.1777 million yuan in funds for additive manufacturing production base projects, titanium alloy powder cold spray process development projects, and high-performance target materials R&D center construction project.
The total cost of this issuance of Chaozhuo Hangke is 115.9063 million yuan, of which Haitong Securities Co., Ltd. and AVIC Securities Co., Ltd. were sponsored and underwrote fee of 93.8302 million yuan.
The strategic placement of this issuance of Chaozhuo Aviation Technology is composed of follow-up investment from relevant subsidiaries of the sponsor institution, company senior managers and core employees special asset management plan . The co-investing institutions are Haitong Innovation Securities Investment Co., Ltd. and Hangzheng Science and Technology Innovation Investment Co., Ltd. The company's special asset management plan for senior managers and core employees is Fuchenghai Futong Chaozhuo Hangke employees participate in the strategic placement of the Science and Technology Innovation Board collective asset management Plan .
Haitong Innovation Securities Investment Co., Ltd. received an allotment of 969,227 shares, with an allotment amount of 39,999,998.29 yuan, and a lock-up period of 24 months; Hangzheng Science and Technology Innovation Investment Co., Ltd. received an allotment of 969,227 shares, with an allotment amount of 39,999,998.29 Yuan, with a sales restriction period of 24 months.
From 2019 to 2021, Chaozhuo Hangke’s operating income was 51.2306 million yuan, 122.4923 million yuan, and 141.3058 million yuan respectively, and the net profits were 10.7128 million yuan, 64.2064 million yuan, and 70.7311 million yuan respectively. ’s net profit attributable to the owners of the parent company were 10.7128 million yuan, 64.2064 million yuan, and 70.7311 million yuan respectively. After deducting the non-recurring gains and losses of and , the net profits attributable to the owners of the parent company were 7.473 million yuan, 55.1146 million yuan, and 60.1722 million yuan respectively. The profits generated from operating activities The net cash flows were 35.0019 million yuan, 48.6312 million yuan, and 48.6719 million yuan respectively.
In 2020 and 2021, Chaozhuo Aviation's operating income increased by 139.10% and 15.36% respectively, and its net profit increased by 499.34% and 10.16% respectively.
From 2019 to 2021, Chaozhuo Hangke’s net cash ratios were 3.27, 0.76, and 0.69 respectively.
From 2019 to 2021, Chaozhuo Hangke’s main business income was 50.5629 million yuan, 111.3115 million yuan, and 140.3695 million yuan respectively. The cash received from selling goods and providing services was 75.7428 million yuan, 100.5157 million yuan, and 116.1246 million yuan respectively.
From 2019 to 2021, Chaohang Hangke’s discovery ratios were 1.50, 0.90, and 0.83 respectively.
From January to March 2022, Chaozhuo Aviation's operating income was 42.7286 million yuan, a year-on-year increase of 63.87%; net profit was 25.7711 million yuan, a year-on-year increase of 67.43%; net profit attributable to the owners of the parent company was 25.7711 million yuan, a year-on-year increase of 67.43% ; The net cash flow generated from operating activities was 26.3668 million yuan, a year-on-year increase of 218.03%.
Chaozhuo Aviation's listing announcement shows that based on the current operating conditions and market environment, the company expects to achieve operating income of 70 million to 80 million yuan from January to June 2022, an increase of 14.79% to 31.19% over the same period last year; it is expected that The net profit attributable to the owners of the parent company is 38 million yuan to 45 million yuan, an increase of 11.73% to 32.31% over the same period last year; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be 28 million yuan to 33 million yuan, an increase of 6.83% to 25.9% compared with the same period last year. The company expects operating income and net profit attributable to owners of the parent company to increase from January to June 2022 compared with the same period last year, mainly due to the increase in the scale of the company's customized additive manufacturing business.
Chaozhuo Aviation's aforementioned financial data from January to June 2022 are the company's preliminary estimates and do not constitute the company's profit forecast.
From 2019 to 2021, Chaozhuo Aviation's weighted average return on equity was 12.20%, 36.09%, and 18.24% respectively, and deducting the unweighted average return on equity was 8.51%, 30.98%, and 15.52% respectively.
