Due to the invalidation of the prospectus of bori technology, CICC has stopped providing guidance to it and abandoned the listing on the Hong Kong stock exchange?

In recent days, , Bedouin finance learned from the Hong Kong stock exchange that , Hangzhou bori Technology Co., Ltd （ Hereinafter referred to as “ Bori Technology ”） Your listing application materials have been “ invalid ”. Before that , Bori technology has been in 2021 year 12 In June, it was heard by the Hong Kong stock exchange , And disclosed the prospectus after the hearing .

according to the understanding of , Bori technology was founded in 2002 year , It's a family engaged in PCR The product design 、 Development 、 Production and manufacturing enterprises .2020 year 10 month , Bori technology has reached a coaching cooperation with CICC , It is planned to be listed on the science and Innovation Board of Shanghai Stock Exchange . And in the 2021 year 6 month , Bori technology submitted the listing application materials at the Hong Kong stock exchange , Sprint HKEx listing .

The prospectus shows , CICC is also the sole sponsor of bori technology's listing in Hong Kong . however , Bori technology has not given up on A A plan to list shares . After the training, CICC also successively held 2021 year 1 month 、4 month 、6 The month and 9 A total of four training progress reports were submitted in January .

Hiro technology said in the prospectus that , The company has not submitted its listing application to Shanghai Stock Exchange , The reason is that it has decided to list on the Hong Kong stock exchange . In view of the long-term development plan of the company's growing international business , The company considers the stock exchange as an internationally recognized and reputable stock exchange , Will be the right place to go public , Provide a platform for the company to enter the international stock market .

Besides , Hiro technology believes that , The HKEx will enhance the brand awareness of the company in domestic and overseas markets , And facilitate its business cooperation with international business partners through improved and transparent corporate governance structure . Although the supervision agreement has not been terminated , but Bori technology stressed that the company will not seek to be listed on any stock exchange in China within six months before and after the listing .

source ： Prospectus .

But in 2022 year 2 month , Haitong Securities disclosed 《 Report on the guidance and filing for the initial public offering and listing of Hangzhou bori Technology Co., Ltd 》, Be said to have been 2022 year 1 month 27 Japan and bori technology signed a coaching agreement . It means , CICC has stopped tutoring Boshi technology , The latter may have given up the plan of listing on the Hong Kong stock exchange .

The guidance filing report discloses the information about “ Basic information of the company - In other trading places （ apply ） Listing or listing ” The latter is sometimes called “2021 year 6 Submitted to the Hong Kong stock exchange （ Hong Kong Stock Exchange ） Listing applications ,2021 year 12 The hearing was passed in June ”.

According to disclosure , Hexianhan directly holds the issuer （ That is, bori technology ）41.35% Shares of , Control the issuer through borgi chain and leading factor 17.23% Shares of , Total control of issuers 58.58% Shares of , He is the controlling shareholder and actual controller of the company .

The earlier prospectus showed that , Hexianhan is the chairman of bori technology , Is the controlling shareholder of the company 、 Actual controller , It owns all the issued shares of bori technology about 58.58% The rights and interests of , Including having about 41.35% The direct equity of the company and the company owns about... Through the leading factor and the borgi chain respectively 8.61% And 8.61% Indirect interest in .

According to the introduction , Bori technology provides customers with PCR Laboratory construction 、 Collection and preservation of nucleic acid samples 、 A complete set of solutions for nucleic acid extraction and detection , Applications include medical diagnosis 、 Animal husbandry and fishery 、 Scientific research 、 Food safety 、 Customs disease control and other fields .

Hiro technology said in the prospectus , It has been developed and mass produced for real-time fluorescence quantification PCR Analyzer 、 Automatic nucleic acid purifier 、 Gene amplification instrument 、 Nucleic acid purification reagent 、 Various types PCR Test reagents, sample preservation solutions and other products . The sales network is spread all over the world 121 Countries and regions .

Financial aspects ,2018 year 、2019 Years and 2020 year , The revenues of bori technology are 7085.9 Ten thousand yuan 、1.44 Million dollars 12.34 One hundred million yuan , The gross profit is 3053.3 Ten thousand yuan 、7632.6 Million and $ 7.87 One hundred million yuan , Profit for the year （ Net profit ） Respectively 277.2 Ten thousand yuan 、3014.2 Million and $ 2.17 One hundred million yuan .

2021 In the first half of , The revenue of bori technology is 7.88 One hundred million yuan ,2020 The revenue for the same period of the year was 3.57 One hundred million yuan ; Profit for the period （ Net profit ） by 3.55 One hundred million yuan ,2020 The loss for the same period of the year was 2.05 One hundred million yuan . among ,2020 The losses in the first half of the year were mainly 2020 The share based remuneration expenses under the share incentive plan in 3.64 One hundred million yuan .

2018 year 、2019 Years and 2020 year , The gross profit margin of bori technology is 43.1%、52.9% and 63.8%, The growth is obvious , And further rise to 2021 In the first half of 64.0%. Bori technology says , It is mainly the improvement of production efficiency and the decrease of the purchase price of some raw materials ; And the income of reagent products with relatively high profit margin increased , And the proportion increases .

2018 year 、2019 year 、2020 Years and 2021 In the first half of , The instrument income of bori technology is 6418.1 Ten thousand yuan 、1.23 Million dollars 6.75 One hundred million yuan , The proportion of total income is respectively 90.6%、78.1%、54.7% and 51.0%; The reagent income is 649.8 Ten thousand yuan 、3116.7 Ten thousand yuan 、5.20 Million dollars 3.69 One hundred million yuan , The proportions are 9.2%、21.6%、42.1% and 46.8%.

The prospectus shows , Most of the products of bori technology are sold to dealers , A small part is directly sold to animal husbandry enterprises 、OEM Customer 、 The hospital 、 End customers such as third-party testing institutions .2018 year 、2019 year 、2020 Years and 2021 Half a year , The proportion of the company's sales revenue to dealers is respectively 64.2%、67.9%、64.0% and 77.3%.

It means , Bori technology relies heavily on dealers . By 2018 year 、2019 Years and 2020 year 12 month 31 Japan and 2021 year 6 month 30 Japan , Bori technology has 66 name 、68 name 、68 Name and 105 Major distributors . At the same time , The company and 407 name 、527 name 、1235 Name and 855 Transactions with ordinary dealers .

It is worth mentioning that , The shareholders of bori technology also have the former employees of the CSRC .2022 year 3 month , Zhejiang Securities Regulatory Bureau verified that , Bori technology stock, Donghua Yimin, was founded in 2008 year 5 Month to 2011 year 11 In June, he served as the deputy inspector of the International Cooperation Department of the CSRC 、 Deputy director of the , It belongs to the personnel of the resignation system of the CSRC .

2020 year 7 month , Huayi investment 2000 Million yuan invested in bori technology , Direct holding 54.5455 Thousands of stocks , The shareholding ratio is 0.9091%. According to Haitong Securities 《 Report on the guidance of Hangzhou bori Technology Co., Ltd. on its initial public offering and listing on the growth enterprise market 》, The shares held by Hua Yimin have been dismissed .

But so far , No industrial and commercial changes have taken place in bori technology , Hua Yixuan is still a shareholder of the company .