requestId:6861491ab4c0b5.81031882.
Sugar baby Dong Aixu Technology Co., Ltd. (hereinafter referred to as “Aixu Technology”) attracted the attention of many investors as soon as it was revealed through the ST Xinmei Listing Plan. At the same time as the target, the problem of Aixu Technology’s valuation surge was once hotly debated in the market. Now, after eight months of planning, the final review of Aixu Technology’s plundering shell listing case was released on the evening of August Sugar baby, and ST Xinmei Reorganization Certification Supervisor has the conditions to pass. Although he finally won the pass certificate Sugar baby, issues such as the future realization of Aixu Technology’s future business performance have been questioned by the merger and reorganization committee.
The first case of borrowing cases in the year has been granted conditions through the real technology genius, honest president x fake silly, and extremely beautiful male singer. Sugar daddy The first case of the new January reorganization review was held on the first day of August after the “hard” from July 24 to 26 last month. On the evening of August 1, the review results of Aixu Technology, which has a high market attention, were announced as scheduled by ST Xinmei’s listing case. After several months of planning, the 5.885 billion yuan loan case in the yearly planning was finally obtained by the Sugar daddy certificate supervisor and purchase reorganization committee has the conditions to pass.
On the evening of August 1, ST Xinmei issued a notice and announced that the proof supervisor and purchase reorganization committee held the 35th office meeting in 2019 on the same day, and reviewed the company’s serious asset purchase and distribution of share purchase and related purchase items. According to the review results of the meeting, the company’s share purchase and asset purchase matters have been approved with conditions. This also means that as one of the world’s most advanced solar battery companies, Aixu Technology got the loan as it wished.The passport of ST Xinmei’s listing.
In fact, it is not a waste of time to go back to the entire borrowing path of Aixu Technology. The reorganization of ST Xinmei Plan and Aixu Technology began at the beginning of this year, and this also became the first borrowing case of the year. On the evening of January 3, ST Xinmei announced a notice to Sugar baby that ST Xinmei, a real estate company that had suspended listing in 2016, finally decided to “sell the shell” after it was resumed in 2017 for one year after it was resumed in 2017. At the same time, it also announced from the side that the photovoltaic PERC battery Longtou Aixu Technology borrowed the capital market ambitions of the shell. On the same day, ST Xinmei announced that it would purchase 100% of Aixu Technology’s shares through asset purchase and share issuance. The serious asset reorganization will be reorganized and listed. After the purchase is completed, ST Xinmei’s main business will be developed and operated from real estate, and the main business of Aixu Technology’s main business will be weak and strong when it is converted into Aixu Technology’s main business. She searched for a while before she started working in the solar photovoltaic industry in the flower field.
After that, ST Xinmei was suspended from trading on January 4. After the two purchases, ST Xinmei will reorganize the plan of not exceeding 6.7 billion yuan and reorganized on January 8. The issue of reorganization of share purchase assets requires the “difficult” to be asked by the purchase and sale agency, and the ST Xinmei’s 6.7 billion yuan reorganization plan, which directly constitutes the reorganization and listing, is even more difficult to escape the examination of the purchase agency. The more recent reorganization plan was revealed, ST Xinmei revealed a notice on January 9 and received a letter of inquiry issued by the Shanghai Stock Exchange. On the evening of the same day, ST Xinmei received a supervisory work letter issued by the purchase and sale office. The Shanghai Stock Exchange asked ST Xinmei and financial consultants to be diligent and verified and expressed their opinions on the reorganized inquiry letters one by one.
With the market’s high attention, after the plan has been under several rounds of revisions, the valuation of the reorganization draft of ST Xinmei on April 23 was adjusted to RMB 5.943 billion, and the final price of the asset purchase and sale was set at RMB 5.885 billion. After that, the reorganization was carried out according to the established steps, but after the reorganization was accepted and the proof supervisor reported a feedback report, the ST Xinmei reorganization was in full swing. The investigation agency Ruihua Association Office (particularly known as Sugar baby partner) was investigated, and the Aixu Technology borrowing case was suspended for several days in mid-to-late July.
The standard performance can be realistically attracted attention
With the emphasis on obtaining approval from the Certificate Supervisor, it is also expected to be one of the world’s largest advanced solar battery companies.Xu Technology will soon complete the connection with the A-share capital market. The buyer’s commitment to Aixu Technology’s three-year business performance of up to 1.943 billion yuan is particularly eye-catching. During the August 1 review, the realistic problems of future careers marked by Escort were paid attention to by the reorganization committee.
According to the notice revealed by the Certificate Supervisor on August 1, Sugar baby, the Certificate Supervisor and the Reorganization Committee mentioned the future career performance issues mentioned in the review opinions of ST Xinmei’s reorganization. The reorganization committee also requests ST Xinmei to combine the market needs of the integrated industry, expanding production capacity, competing and technical wall-sharing of the company, and further reveals the ability of the existing gross profit margin and the realization of future business performance.
It is clear that Aixu Technology was founded in November 2009 and is an important part of the research, manufacturing and sales of crystalline silicon solar batteries. It has the leading PERC battery manufacturing technology and production supply capabilities in the industry. It is one of the important suppliers of PERC batteries worldwide and one of the few domestic battery manufacturers that can produce and meet the technical requirements of the “Application Runner Base”. Since 2017, Aixu Technology has successfully promoted vector production application to experiment with ducted PERC technology, and ranked first in the global shipment of single crystal PERC batteries in 2018.
Data shows that the profits realized by Aixu Technology from 2016 to 2018 and January to May 2019 were about 99 billion yuan, 106 billion yuan, 345 billion yuan and 370 million yuan respectively. In this reorganization, the buyer promised that the tax-related profits of Aixu Technology in 2019 will not be less than RMB 475 million, RMB 668 million and RMB 800 million after deducting non-recurring benefits in 2021, with a year-on-year increase of 37.68% (calculated based on profit margins in the previous year), 40.63%, and 19.76%. Aixu Technology, which is about to complete its performance after reaching A-shares, will be listed in A-shares.How worth waiting now.
Tongwu Certificate… The securities research report pointed out that “based on the assumption that Sugar babyAixu completed its purchase and sale in Q4 2019 and began to consolidate the shares in 2019, Sugar daddy is expected to be 4.96 respectively for the parental profits of listed companies from 2019 to 2021Sugar daddy href=”https://philippines-sugar.net/”>Sugar daddy$786 million, and 8.82Escort manila$28 times the current price PE, Sugar$882Sugar$28 times the current price PE, Sugar daddy17 times, 15 times. Considering the market position of Aixu’s global leader in high-efficiency battery films, and the future with the continuous landing of PERC production capacity and capital, the industry will advance rapidly in the long term.” Sugar babyHowever, Dongwu Securities also reminds the risks that the photovoltaic battery industry competes in the Escort manila, and its production capacity is prosperous. If the competition continues to increase the drama in one step, it will have an impact on the company’s profits. In addition, there are changes in photovoltaic policies beyond expectations.
Applications for preventing funds are required
In addition to the fact that future performance can be realistic, the Certified Supervision Commission and the Reorganization Committee also requested measures such as replenishing and revealing the prevention funds are required during the review on August 1.
In detail, the certificate supervisor and purchase reorganization committee requested ST Xinmei to further reveal the debt risks and solutions that can be used during the company’s commitment period. In TC:
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