The First Batch Of Enterprises Accepted The List Of Enterprises, 33 Enterprises Began To Register System.

In the evening of June 22nd, the list of the first batch of accepted enterprises was released after the gem registration system reform.

Twenty-first Century economic report reporter noted that the first batch of 33 accepted enterprises were all SFC's trial enterprises, of which IPO applied for 32 enterprises, such as Zhejiang Songyuan automotive safety system stock, Guangdong Xiang Xiang electronic technology, Guangdong Jin Yuan lighting technology, Beijing surplus construction software Limited by Share Ltd, Anhui Golden Spring nonwoven Limited by Share Ltd, Zhejiang vikang pharmaceutical Limited by Share Ltd and so on. The application is 1 new Yi Sheng.

Prior to that, the Shenzhen Stock Exchange arranged for 10 working days from June 15th to June 29th. Shenzhen Stock Exchange only received relevant applications submitted by the SFC gem, IPO, refinancing and merger and acquisition in the trial enterprises (hereinafter referred to as the trial enterprises), while the application for IPO, refinancing and merger and reorganization of the new reporting enterprises will begin to receive from June 30th.

Overall, the first batch of acceptance of gem is not as fast as expected by the market. "At present, it is a normal progress. I expected to have accepted it last week." Wang Jiyue, a senior investment bank, pointed out.

In the first week, there was no reason for the birth of the list. In twenty-first Century, an economic report reporter interviewed the investment bankers that the main reason is that "there is no necessary connection between the final audit and the order of reporting and acceptance".

First batch of dismantling Enterprises

The formal acceptance of the first batch of enterprises marks an important step in the reform of the gem and the pilot registration system.

Public information shows that the first batch of 33 admissible enterprises came from 22 SFC industries, most of them were new manufacturing industries, most of which were computers, telecommunications and other electronic equipment manufacturing industries, and 5 of them were accepted. Followed by 3 software and information technology service industries, in addition to the automobile manufacturing industry, the Internet and related services, textile and other two. In addition, there are 1 real estate management companies.

In twenty-first Century, the economic report reporter learned from the insiders that the enterprises currently accepted are all translated by the stock enterprises, and they do not involve industry restrictions.

From the regional perspective, the north and Guangzhou Zhejiang provinces are still high producing areas, of which 7 enterprises in Guangdong are "shortlisted", and Beijing, Zhejiang and Shanghai have 6, 5 and 3 enterprises respectively.

Among the sponsors, Dongguan securities and CITIC are the biggest winners.

The 33 enterprises are sponsored by 17 intermediaries, including 32 first out enterprises and 1 refinancing enterprises. Among them, CITIC has 5 IPO projects listed in total, while Dongguan securities has 4 IPO declaration projects and 1 refinancing projects. There are 4 and 3 IPO projects in the Yangtze River underwriting and Guojin securities, respectively. Galaxy Securities, Huatai Union and Guotai Junan have two.

There are many "familiar faces" in the first batch of enterprises, such as Beijing Ying Jian Ke software, Yi Dian world network technology, Beijing copper cattle information technology, Shenzhen Song Sheng electronics, Beijing point public technology, Qinhuangdao Tian Qin equipment manufacturing and so on. They have landed on the new three boards; Beijing gold mining information technology and Zhongjing food have also declared IPO before, but after a variety of reasons, they were terminated.

From the perspective of financial indicators, the financial data of accepted enterprises are relatively high and stable. According to incomplete statistics of twenty-first Century economic report reporters, the performance level of the enterprises during the latest reporting period is over fifty million, and the revenue is broken by 100 million yuan.

From the 2018 performance, net profit is also less than forty million. The scale of revenue is also stable over 100 million yuan. In the case of YIHAI KERRY, which has the highest revenue, the company's operating income in 2017, 2018 and 2019 is 150 billion 766 million yuan, 167 billion 74 million yuan and 170 billion 743 million yuan respectively, and the net profit is 5 billion 284 million yuan, 5 billion 517 million yuan and 5 billion 564 million yuan respectively.

The revenue of the Hai Chang new product, which is smaller in scale, is 145 million yuan, 168 million yuan and 183 million yuan in 2017, 2018 and 2019 respectively. The net profit is 37 million 781 thousand and 800 yuan, 46 million 46 thousand and 300 yuan and 59 million 564 thousand and 100 yuan respectively. Hai Chang said that the market value and financial indicators of the company should be at least one of the following criteria: (1) the market standard of the net profit in the recent two years is positive, and the accumulated net profit is not less than 50 million yuan.

"All of them have been moved from the SFC, and the Shenzhen Stock Exchange should have made preliminary screening in advance, and the performance gap will not be too great." An investment bank member of a medium-sized brokerage firm in Southern China said.

Acceptance focuses on checking documents completeness

The first batch of gem IPO stock enterprises were accepted by the Shenzhen Stock Exchange, which also meant that the audit of the registration system of gem was officially opened.

It is understood that within 5 trading days after receiving the application documents for listing, the Shenzhen Stock Exchange will check the documents and decide whether to accept or not. It will inform the issuer and its sponsor and publicized it on the website of the Shenzhen Stock Exchange. The application documents for issuing the listing are not in conformity with the requirements of the CSRC and the Shenzhen Stock Exchange, and the issuer shall make corrections. The time limit for correction is not more than thirty working days.

In twenty-first Century, the economic news reporter learned from the exchange that the Shenzhen Stock Exchange should focus on checking the completeness of the application documents when checking the application documents and deciding whether to accept them. It was revealed that the Shenzhen Stock Exchange found that there were some individual issuers who had omitted to submit the application documents after the renewal.

The Shenzhen Stock Exchange stressed: "issuers and intermediaries should strictly control the requirements of the relevant rules, make the preparation of application documents such as prospectus, and pay special attention to the consistency of the application documents with the CSRC and the documents provided by the Shenzhen Stock Exchange, so as to ensure that all application documents are available and standardized, so as to avoid subsequent unnecessary corrections and improve the efficiency of declaration work."

According to the regulations, the Shenzhen Stock Exchange listing and listing institutions will begin to examine and verify the order in accordance with the order of issuance and application of the listing, and make the first round of audit inquiry within 20 working days from the date of acceptance.

After the first round of audit enquiries, it was found that the new enquiries, issuers and intermediaries did not respond to targeted responses to the Shenzhen Stock Exchange's inquiry, or the Shenzhen stock exchange continued to inquire about their responses, and the issuer's information disclosure still failed to meet the requirements. The Shenzhen Stock Exchange's listing and auditing body could continue to submit an audit inquiry within ten working days after receiving the reply from the issuer. 。

If the exchange does not need further audit, it will issue an audit report and submit it to the Listing Committee for consideration. If the audit is approved, the exchange will submit the examination opinions, relevant audit data and application documents for issuers to the SFC to meet the requirements of issuing conditions, listing conditions and information disclosure requirements. The SFC will decide whether to register or not to register the issuer's registration application within 20 working days.

The SFC believes that there is a need for further explanation or implementation of the matter, it may request further inquiries from the stock exchange.

On the whole, the total time limit for the above processes is three months from the date of the application documents issued by the hairdresser.

?