Registration System Of Gem Registration Enterprises Break Through 248 Or 9 Stock Enterprises Or Become "Stragglers".

On the evening of July 7th, the Shenzhen Stock Exchange also accepted the application of IPO for gem of 16 enterprises, all of which are new reporting enterprises. Up to now, the number of enterprises accepted by the gem registration system has reached 248, of which 175 have been transferred from the SFC to 73 stock enterprises.

According to the data released by the securities and Futures Commission in June 11th, (GEM opened the data for the last time that the SFC announced the gem after receiving the material of the stock enterprises), there were 183 enterprises in the trial business. There were 12 enterprises in the trial business waiting for the approval of IPO by the trial committee, and another 1 enterprises that would be postponed to vote.

In twenty-first Century, the economic news reporter noted that up to now, 9 companies that have submitted the GEM Listing materials to the SFC have not yet been publicly accepted on the Shenzhen Stock Exchange website.

However, according to the relevant arrangements, from June 15th to June 29th, a total of 10 working days, the Shenzhen Stock Exchange only received the relevant applications submitted by the SFC gem, IPO, refinancing, merger and reorganization in the trial enterprises (hereinafter referred to as the trial enterprises). If the stock fails to be declared on time in the 10 trading days, then it will be regarded as a new reporting enterprise, and it can no longer follow the audit rank before queuing up in the SFC.

So, is it not yet known whether the enterprises that accept the information are going to be left behind?

Huaqiang Fang and Zhongzhi software "shrink back"

July 6th is exactly the fifth working day after the final declaration date of stock enterprises (June 29th). According to the arrangements made by the Shenzhen Stock Exchange, the closing date of the stock reporting business is June 29th. The exchange will check the documents within 5 working days after receiving the issuance application documents and decide whether to accept or not. It will inform the issuer and its sponsor and publicized it on the website of the exchange.

However, as of now, 9 listed companies have not yet disclosed the information received. They are Han Di mobile, Tian Ying shares, Huaqiang Fang, Wuyi tube, Kichang electronics, Yili pharmaceutical, Zhongzhi software, Bandung pharmaceutical and credit rating standards. The sponsor agencies are CICC, Guotai Junan, China Merchants Securities, Shenwan Hongyuan, Soochow securities, Dongguan securities, Guodu securities, and so on. Source securities and Minmetals securities.

From the perspective of industry distribution, there are 9 enterprises in the pharmaceutical manufacturing industry, software and information technology service industry, professional and technical service enterprises, and the rest are entertainment industry, rubber and plastic products industry, and computers, telecommunications and other electronic equipment manufacturing industries.

Most of these companies are queuing up for years, and even have two sprint companies. For example, Huaqiang fang had hit the IPO for the two time in 2012 and 2014, but eventually ran aground. The queuing time of Xi'an Bandung pharmaceutical and Yili pharmaceutical has also been more than 3 years.

But at present, the situation of these enterprises is still not good.

In June 25th, Huaqiang Fang postponed to the Shenzhen stock exchange for the listing of gem, pointing out that "this year, the company's tourism and film and television industry is generally affected by the new crown epidemic situation. The company's business performance has declined, and the epidemic has not yet ended, and the annual performance is uncertain. After careful study, the company decided to terminate the application of the current IPO and temporarily declare materials to the Shenzhen Stock Exchange, and apply for listing again after the outbreak is stable.

According to public information, Huaqiang Fang is a cultural enterprise mainly focusing on cultural content products and services and cultural science and technology theme parks. Affected by the epidemic, Huaqiang Fang's revenue in the first quarter of 2020 was 494 million yuan, down 45.78% compared to the same period last year. Net profit loss was 211 million yuan, down 1583.57% from the same period last year.

The sudden change of performance has made Huaqiang Fang's third trip to IPO again.

In July 7th, the twenty-first Century economic report reporter called Huaqiang Fang Dongfang office to understand the listing plan of the company. The wiring staff responded, "our final direction is to be listed on the Shenzhen Stock Exchange. As for whether to apply for the listing of the second board again, or through the new three boards, there is no specific plan yet."

This is not an example. In May 28th, at the sixteenth session of the third board of directors, Zhongzhi software passed the motion on terminating the application of the initial public offering of RMB common stock (A share) and listing on the gem and withdrawing the application documents.

Zhongzhi software pointed out: "due to the strategic adjustment of the company, after careful study by the board of directors, the company decided to apply to the China Securities Regulatory Commission for the termination of the initial public offering of RMB common stock (A share) and the application for listing on the growth enterprise market and withdraw the application document. In June 15, 2020, the company received the notice of termination of examination of the application for administrative licensing of the China Securities Regulatory Commission issued by the China Securities Regulatory Commission. According to the twentieth provision of the procedures for the implementation of administrative licensing of the China Securities Regulatory Commission, the CSRC decided to terminate the examination of the application for administrative license.

It is worth mentioning that the annual report of Zhongzhi software is not good in 2019. The company's 2019 annual report shows that in 2019, the net profit attributable to the owners of the parent company was 15 million 58 thousand and 300 yuan, a decrease of 68.11% compared to the same period last year, operating income of 97 million 68 thousand and 800 yuan, a decrease of 35.77% compared with the same period last year, and a basic earnings per share of 0.42 yuan, representing a decrease of 68.89% over the same period last year.

In July 7th, the economic report reporters also called the intelligence software department in twenty-first Century, but the wiring staff said that "the manager was not there", it was difficult to respond to the relevant circumstances of the company's withdrawal of the IPO application.

However, according to the rules for the listing and listing of gem, the Shenzhen Stock Exchange began to accept the translation of the trial enterprises in June 15th. The Shenzhen stock exchange needs to decide whether to accept the application within 5 working days after submitting the application materials. However, the application documents for issuing the listing do not meet the requirements of the China Securities Regulatory Commission and the exchange, and should be corrected. The time limit for correction is not more than 30 working days.

This means that at present, the enterprises that have not accepted the information in the official website of the Shenzhen Stock Exchange have yet to complete the declaration during the transitional period. A brokerage investment bank in Beijing has told reporters that the trial companies will not be fully qualified.

New reporting enterprises break through 73

With the gradual digestion of stock enterprises, the enthusiasm of off-site enterprises has gradually increased, and the major enterprises have begun to rush to report materials.

As of July 6th, the total number of applications for IPO enterprises under the gem reform and registration system was 248, of which 73 were newly reported enterprises. On the whole, the profitability of newly established enterprises in the growth enterprise market is higher than that of the listed companies, which satisfies the listing standard of "the net profit in recent two years is positive, and the total net profit is not less than 50 million yuan".

A representative sponsor of a senior investment bank in China pointed out that most of the newly declared enterprises should have been prepared to declare the intention of the gem.

From the perspective of industry distribution, 73 enterprises mainly come from 27 SFC industries, all of which are new industries or industries with certain technological content.

Specifically, the number of enterprises in the new reporting enterprises is different from that of gem computers and software industries. The number of enterprises belonging to chemical raw materials and chemical products manufacturing industry is the largest, up to 9, followed by the special equipment manufacturing industry and the general equipment manufacturing industry, and 7 enterprises are accepted respectively, and third of them are professional and technical services, computers, communications and other industries. He has received 6 enterprises in the electronic equipment manufacturing industry.

In the aspect of sponsoring agencies, the advantages of large brokerages are highlighted. CITIC Securities and Guotai Junan have 6 reserve projects to enter the gem respectively. As a small and medium brokerage company, Minsheng securities also make efforts in the investment banking field. The results of the 5 reserve projects are second in line with CITIC, Huatai, and Guoxin Securities; and third of them are Zhongyuan securities, Shen Wan Hongyuan underwriting sponsors and countries. 3 new projects were accepted respectively.

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