Author: Gelonghui Tangyu Abao
On September 5, Shenzhen Jipute Optoelectronics Co., Ltd. (hereinafter referred to as "Jipute ") successfully passed the 21st review meeting of the Science and Technology Innovation Board Listing Committee, becoming the first company on the Science and Technology Innovation Board in September.
At the same time, Guoke Huanyu was also rejected because of the weak accounting foundation of Ruihua.
As of September 5, 2019, a total of 152 companies have submitted applications for listing on the Science and Technology Innovation Board to the Shanghai Stock Exchange, including 50 companies "inquired", 1 company "accepted", 2 company "passed", 11 company "submit registration", 33 companies "registration results", 46 companies have shown "suspended" status, and 9 companies have "terminated" review.
(Picture source: Announcement of the Listing Committee of the Science and Technology Innovation Board)
Jipute was established in 2006. It is the first commercial pulse width adjustable high-power fiber laser manufacturer in China, and is also a leading provider of intelligent equipment for photoelectric precision detection and laser processing.
Jipte's main business is the research and development, production and sales of lasers, as well as intelligent equipment mainly used for precision detection and micro-machining of integrated circuits and semiconductor optoelectronics-related devices. The company's independently developed MOPA pulse fiber laser breaks the monopoly and is leading the industry.
prospectus disclosed that Jipte plans to issue no more than 23.09 million common shares of RMB to the public, accounting for no less than 25% of the company's total share capital after issuance, and the par value of each share is 1 yuan.
It plans to raise 973 million yuan, which will be used for fiber laser expansion construction projects, laser/optical intelligent equipment expansion construction projects, semiconductor laser expansion construction projects, etc.
Jipute 's capital market road is full of twists and turns. It failed to reorganize with listed companies. Later, it was briefly listed on New Third Board , and it lost GEM , etc.
On May 28, 2015, the listed company Shuobeide released a restructuring plan, intending to acquire 496.40% of the equity of Jipte html for a total of 463 million yuan by issuing shares, i.e. paying cash. However, the acquisition was ultimately unsuccessful. On October 22 of that year, Shuobeide announced the suspension of this major asset restructuring. After the reorganization of
and listed companies failed, Jipte launched a sprint to the New Third Board and was officially listed on the New Third Board on December 23, 2016. However, the listing was less than a month. On January 18, 2017, Jipte issued an announcement announcing that it intends to apply for termination of listing because it is applying for an IPO. Finally, Jipute suspended its listing on the New Third Board from March 21, 2017.
On June 30, 2017, the website of the China Securities Regulatory Commission disclosed the prospectus for Jipute . Jipute is to be listed on the GEM and plans to issue no more than 21.78 million shares of stocks. The sponsor is Hongta Securities, which plans to raise 419 million yuan.
On January 5, 2018, the China Securities Regulatory Commission issued feedback on the Jeput application documents, including 14 normative issues such as equity structure and 37 information disclosure issues such as raw material procurement, income changes, and accounts receivable. In March 2018, Jeput terminated the review and the IPO road of the GEM was terminated.
After a year, after the establishment of the Science and Technology Innovation Board, Jeput re-established its listing in the A-share market. On April 4 this year, the application for listing on Jipte on the Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange, with the planned financing amount of 973 million yuan, and the sponsor is CICC.
However, Jipte's listing on the Science and Technology Innovation Board has caused setbacks due to audit institutions. In July this year, Ruihua was investigated by the China Securities Regulatory Commission for involvement in the financial fraud of Kangdexin. All IPO projects of Ruihua as the auditing agency were implicated, including Jeput . On July 28, the review status of four companies, including Jeput , became "suspended". Only after Ruihua's independent review personnel issued a review report before they can apply for resumption of review.
Finally, after three rounds of inquiries, Jeput finally passed the meeting on September 5. At the deliberation meeting, the Science and Technology Innovation Board Listing Committee did not ask questions about it, nor did it propose matters to implement it after the meeting.
, which was listed on the market, has not been optimistic about its performance in 2019, and even the most well-known customer, , Apple , has disappeared from the top five customers.
From 2016 to the first half of 2019, Jeput achieved operating income of RMB 253 million, RMB 633 million, RMB 666 million and RMB 302 million, respectively, and the net profit attributable to the parent company's owners was RMB 6.1807 million, RMB 87.6691 million, RMB 93.361 million and RMB 39.2109 million, RMB 3, RMB 18.5566 million, RMB 80.8138 million, RMB 82.6503 million and RMB 30.6279 million, respectively, and the weighted average return on assets was RMB 5.32%, 34.91%, 24.3%, and 6.42%, respectively.
Among them, in the first half of this year, Jipte operating income, net profit attributable to shareholders, and net profit attributable to shareholders with deducting non-operating items decreased by 9.41%, 16.59%, and 27.08% year-on-year respectively.
(Picture source: Prospectus)
At the same time, from 2016 to the first half of 2019, the proportion of overseas revenue of Jipte's main business revenue was 13.76%, 55.69%, 45.95% and 30.14% respectively, accounting for a high proportion and is an important source of revenue and profit for the company. This is mainly because the important customers of Jeput United States Apple Company, Guoju Co., Ltd., etc. are all located in overseas regions.
(Picture source: Prospectus)
However, with the decline in global consumer electronic product shipments since last year, Jept orders from Apple companies have decreased, which is also the main reason for the company's performance decline.
In the first half of 2019, Apple company even withdrew from the list of top 5 customers.
(Picture source: Prospectus)
Relying on major customers Apple Jeput 's performance in the first half of the year has declined. How far can it go after it lands on the Science and Technology Innovation Board?
From 2016 to the first half of 2019, Jeput achieved operating income of RMB 253 million, RMB 633 million, RMB 666 million and RMB 302 million, respectively, and the net profit attributable to the parent company's owners was RMB 6.1807 million, RMB 87.6691 million, RMB 93.361 million and RMB 39.2109 million, RMB 3, RMB 18.5566 million, RMB 80.8138 million, RMB 82.6503 million and RMB 30.6279 million, respectively, and the weighted average return on assets was RMB 5.32%, 34.91%, 24.3%, and 6.42%, respectively.
Among them, in the first half of this year, Jipte operating income, net profit attributable to shareholders, and net profit attributable to shareholders with deducting non-operating items decreased by 9.41%, 16.59%, and 27.08% year-on-year respectively.
(Picture source: Prospectus)
At the same time, from 2016 to the first half of 2019, the proportion of overseas revenue of Jipte's main business revenue was 13.76%, 55.69%, 45.95% and 30.14% respectively, accounting for a high proportion and is an important source of revenue and profit for the company. This is mainly because the important customers of Jeput United States Apple Company, Guoju Co., Ltd., etc. are all located in overseas regions.
(Picture source: Prospectus)
However, with the decline in global consumer electronic product shipments since last year, Jept orders from Apple companies have decreased, which is also the main reason for the company's performance decline.
In the first half of 2019, Apple company even withdrew from the list of top 5 customers.
(Picture source: Prospectus)
Relying on major customers Apple Jeput 's performance in the first half of the year has declined. How far can it go after it lands on the Science and Technology Innovation Board?
