Original title: WuhanTianyuan Environmental ProtectionIndicative announcement in the listing announcement of the initial public offering of shares by a company limited by shares and listing on the Growth Enterprise Market
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements or major omissions.
After review and approval by the Shenzhen Stock Exchange, the RMB ordinary shares issued by Wuhan Tianyuan Environmental Protection Co., Ltd. (hereinafter referred to as the “Company”) will be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on December 30, 2021. The full text of the listing announcement And the full text of the prospectus for the initial public offering of shares are disclosed on the following information disclosure websites designated by the China Securities Regulatory Commission: www.cninfo.com.cn, China Securities Net (www.cs.com.cn), China Securities Net (Www.cnstock.com), Securities Times (www.stcn.com), Securities Daily (www.zqrb.cn), Economic Reference Network (www.jjckb.cn), QR code of the website: Juchao Information Internet, for investors to consult.
1. Listing Overview
(1) Stock abbreviation: Tianyuan Environmental Protection
(2) Stock code: 301127
(3) Total share capital after the initial public offering: 409,995,800 shares
(4) Number of initial public offering shares: 102.5 million shares
2. Risk warning
The company’s shares will be listed on the Shenzhen Stock Exchange’s Growth Enterprise Market, which has high investment risks. GEM companies have the characteristics of large investment in innovation, uncertainty about the success of the integration of new and old industries, still in the growth stage, high operating risks, unstable performance, and high delisting risks. Investors face greater market risks. Investors should fully understand the investment risks of the Growth Enterprise Market and the risk factors disclosed by the company, and make investment decisions prudently.
The issuance price of this issuance is 12.03 yuan per share, which does not exceed the median and weighted average of the quotations of offline investors after excluding the highest quotation, as well as securities investment funds, national social security funds, and public offerings established after excluding the highest quotations. The basic pension insurance fund, the enterprise annuity fund established in accordance with the “Administrative Measures on Enterprise Annuity Funds” and the median and weighted average of the insurance fund quoted in accordance with the “Administrative Measures on the Use of Insurance Funds” are the lower value of 12.0343 yuan per share, so we recommend Related subsidiaries of the institution do not participate in the strategic placement.
According to the China Securities Regulatory Commission “Industry Classification Guidelines for Listed Companies” (revised in 2012), Tianyuan Environmental Protection belongs to the “ecological environmental protection and environmental governance industry” (the industry classification code is N77). As of December 15, 2021 (T-4), China Securities Index Co., Ltd. released the “Eco-Environmental Protection and Environmental Governance Industry (N77)” in the most recent month with an average static P/E ratio of 24.80 times.
As of December 15, 2021 (T-4 day), the valuation levels of comparable listed companies are as follows:
Data source: Wind, data as of December 15, 2021 (T-4 day)
Note: 1. If there is a mantissa difference in the calculation of the price-earnings ratio, it is caused by rounding;
2. 2020 deduction of non-pre/post EPS = net profit of the parent before/after deduction of non-recurring gains and losses in 2020/T-4 total share capital;
The issue price of 12.03 yuan per share corresponds to the issuer’s 2020, after deducting non-recurring gains and losses, which is the lowest diluted P/E ratio of 34.53 times, which is higher than the industry average of the most recent month released by China Securities Index Co., Ltd. on December 15, 2021 The static price-earnings ratio is 24.80 times, and the excess is 39.23%. It is higher than the arithmetic mean of the static P/E ratio of comparable companies in the same industry in 2020 after deduction of non-profits, and the excess is 68.77%
There is a risk that the substantial increase in the size of net assets resulting from the acquisition of funds raised in this issuance will have an important impact on the issuer’s production and operation model, operation management and risk control capabilities, financial status, profitability and long-term interests of shareholders. The issuer and the joint lead underwriters urge investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make rational investment decisions.
The company reminds investors to pay attention to the investment risks in the initial public offering of stocks (hereinafter referred to as “new shares”), and investors should fully understand the risks and participate rationally in new stock transactions.
3. Contact
(1) The issuer’s contact address and telephone number
Issuer: Wuhan Tianyuan Environmental Protection Co., Ltd.
Contact Address: 28th Floor, Office Building, Huijin Plaza, 1268 Jinghan Avenue, Jiang’an District, Wuhan
Legal representative: Huang Zhaowei
Contact: Deng Lingling
Phone: 027-82863911
Fax: 027-82863911
(2) Contact address and telephone number of sponsors (co-lead underwriters) and sponsor representatives
Sponsor (lead underwriter): Zhongtian Guofu Securities Co., Ltd.
Domicile: Central Business (North), Financial Business District, Zone B, Zhongtian Exhibition City, Changling North Road, Guanshanhu District, Guiyang City, Guizhou Province
Legal representative: Wang Hao
Sponsor representatives: Qian Liang, Li Lifang
Phone: 0755-28777980
Fax: 0755-28777969
(3) Contact address and telephone number of the joint lead underwriter
Co-lead underwriter: China International Capital Corporation
Contact address: 27th and 28th floors, Tower 2, China World Trade Center, No. 1, Jianguomenwai Street, Chaoyang District, Beijing
Legal representative: Shen Rujun
Contact: Capital Markets Department
Phone: 010-65353014
Fax: 010-65051156
Issuer: Wuhan Tianyuan Environmental Protection Co., Ltd.
Sponsor (co-lead underwriter): Zhongtian Guofu Securities Co., Ltd.
Co-lead underwriter: China International Capital Corporation
December 29, 2021
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