Newsletter summary

Text of news flash

[Beijing Sanqing Internet Technology Co., Ltd. (Sanqing Internet for short) recently updated its prospectusFibonaccirouletteIt is planned to be listed on the Shenzhen gem, and the sponsor is open source securities. The company is mainly engaged in the R & D, design, production and sales of equipment related to the Internet of things, including DTU, FTU and so on. Operating income grew at a compound annual rate of 20% during the reporting periodFibonacciroulette.30%, and revenue is expected to grow by 25% in 2024. 30%. Sanqing Interconnection achieved steady growth in operating income and net profit during the reporting period, and gross profit margin increased year by year. However, the accounts receivable of the company is relatively high, and the rates of sales expenses and R & D expenses are lower than the average level of listed companies in the same industry. The company said that with the expansion of sales, accounts receivable may further increase, putting financial pressure on the company. In addition, the solvency of companies is also concerned, and the asset-liability ratio is higher than the average level of companies in the same industry. In terms of goodwill, the proportion of goodwill to total assets is between 5% and 7% during the reporting period. In 2020, the company acquired 80% stake in Corona Electric, with a goodwill of 61.8236 million yuan. Although Ruina fulfills her performance commitment, the future goodwill impairment risk still needs to be concerned. In addition, Sanqing Interconnection has signed a number of gambling agreements, involving direct and indirect shareholders a total of 20 investment institutions. The actual controller, the company and the shareholders who signed the gambling agreement have signed the "Special terms termination Agreement", and the relevant special terms are automatically terminated on the date of acceptance of the company's listing application materials or the day before the company's counseling and acceptance. In terms of corporate governance, members of the former core team of Sanqing Interconnection have been taken criminal measures for suspected crimes and have retired as directors of the company. The company plans to issue no more than 27.3461 million shares and intends to raise 340 million yuan for intelligent power equipment expansion projects, R & D center construction and supplementary liquidity. Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.