New progress in the Erchuke Create Board!Kangpeng Technology IPO enters the "inquiry" state

On July 20, 2022, Shanghai Kangpeng Technology Co., Ltd. (hereinafter referred to as "Kangpeng Technology") sprint science and technology board IPO entered the "inquiry" state.

Picture source: Shanghai Stock Exchange official website

Kangpeng Technology is a technology -driven enterprise deeply cultivated in the field of fine chemicals. It is mainly engaged in the research and development, production and sales of fine chemicals. The products are mainly new materials and pharmaceutical and pesticide chemicals. New materials products mainly cover display materials, new energy battery materials and electronic chemicals, organic silicon materials and other fields. Customized pharmaceutical and pesticide chemicals are cdmo business.

Financial data shows that the company's revenue in 2019, 2020, and 2021 was 687 million yuan, 629 million yuan, and 1.05 billion yuan, respectively; net profit corresponding to the mother of home was 141 million yuan, 90.276 million yuan, and 134 million yuan, respectively.

According to the "Audit Report", which has no preservation opinions issued by KPMAPARIDE Audit No. 2201832, the company realized operating income of RMB 100,462,200 in 2021, and the net profit attributable to the owner of the parent company in 2020 and 2021 (deducting unless unless unless it is deducted unless Those with low recurring profit and loss are the basis for calculating) 81.6014 million yuan and 134.688 million yuan, respectively. At the same time, considering the valuation of the same enterprise in the domestic market as the issuer in the A -share industry, it is expected that the market value of the issuer will not be less than RMB 1 billion after issuance.

Therefore, in accordance with Article 22 of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Exchange and Listing Review Regulations", the specific listing criteria selected by the issuer is "(1) the estimated market value will not be less than RMB 1 billion, and the net profit in the past two years will be. Both of them are positive and cumulative net profit of not less than RMB 50 million, or the estimated market value is not less than RMB 1 billion, and the net profit in the past year is positive and operating income is not less than RMB 100 million. "

The proposed fundraising for Lanzhou Kangpeng New Energy Technology Co., Ltd. 25,500 tons/year battery material project (Phase I) and supplementary funds.

The controlling shareholder of the company is European investment, and the company's actual controller is the Yang Jianhua family.

It is worth mentioning that the company's actual controller has built a red -chip structure overseas and uses CheMSPECINTERNATIONAL as a list of overseas listed entities in June 2009. The issuer has an indirect shares of Chinese companies in Chinese companies. In 2011, CHEMSPECINTERNAL completed privatization and delisted from the NYSE. In 2018, in order to conduct domestic IPOs, the issuer demolished its overseas red -chip structure and turned into a domestic -funded enterprise. CHEMSPECINTERNATAL has no punishment by overseas securities regulatory agencies during the NYSE listing.

This is not the first time that Kangpeng Technology breaks through the science and innovation board. The company's first breakthrough science and innovation board on December 25, 2019 was accepted by the Shanghai Stock Exchange. At that time, it was planned to raise 700 million yuan. On the 17th, the IPO of the Science and Technology Board was ushered in, and the company's science and technology board IPO was not approved.

At the meeting, the same enterprise controlled by Kangpeng Technology's actual controller was followed by the crime of pollution and the company's performance of safety accidents and environmental protection violations during the trial.

Specifically, according to the application documents, Taixing Kangpeng and Kang Peng Technology were controlled by the same actual controller. The former was crime of pollution environmental crime for the disposal of hazardous wastes for unlimited disposal.

In view of this, the Shanghai Municipal Party Committee requested the representative of the Kangpeng Science and Technology to explain: (1) whether the relevant business of Taixing Kangpeng's above criminal behavior is closely related to the issuer's business, whether the issuer and its foreign association pricing are fair, and whether the above model has reduced Taixing Kangpeng and issuance. People corresponding to the cost and risk of environmental protection; (2) whether the issuer's actual controller has management or other potential responsibilities for the criminal behavior of Taixing Kangpeng, and then the Taixing Kangpeng has been stripped to Zhang Shiyan whether there is a non -associated situation of related transactions; (3) Related Whether the business of reorganization and Lanzhou Kangpeng will lead to new environmental protection and production safety risks, and increase the corresponding cost.

According to the application documents, Kangpeng Science and Technology Reporting During the reporting period and during the trial period, there were multiple safety accidents and environmental protection violations, which led to the suspension of production and production of important subsidiaries, which led to a significant decline in the company's important business and operating performance.

In this regard, the Shanghai Municipal Party Committee requested the representative of Kangpeng Science and Technology to explain: (1) The reasons and standards for the suspension of production and production of Luzhou Kangpeng, whether the accident occurs in the core production link and the severity of the punishment; (2) the issuer and including Luzhou Kangpeng , Shanghai Wanshu and Zhejiang Huazhuang's important subsidiaries production technology, safety and environmental protection management, qualifications such as safety and environmental protection, qualifications, etc. There are major defects and whether the relevant rectification is over; (3) whether the issuer's business has high pollution and high environmental risks Matters and corresponding internal control measures.

According to the application document, the direct purpose of Kangpeng Technology transferred 100%equity of Wanluzhong Chuangchuang is to transfer related real estate. The Shanghai Municipal Party Committee requested the representative of the company to explain whether the transaction needs to pay the land value -added tax and whether there is a risk of being recovered.

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