Chengdu Jirui launched its IPO program in 2007, which was originally scheduled to be held on December 28, 2007. However, just before the meeting, the China Securities Regulatory Commission issued a notice on December 27, 2007, saying that Chengdu Jirui still has related matters that require further verification and decided to cancel the review. Subsequently, Chengdu Jirui moved to the GEM, and the second impact was listed. It plans to issue 18 million shares, and plans to raise 132.22 million yuan to invest in two touch technology projects. However, it was rejected at the meeting of the China Securities Regulatory Commission's GEM Board of Auditors on December 27, 2011. After more than two months, the CSRC recently announced on its official website the detailed reasons for its failure. The China Securities Regulatory Commission's GEM Board of Auditors believes that Chengdu Jirui's export business accounted for a large proportion of foreign revenue and high dependence on foreign countries. From 2008 to 2010 and January to June 2011, the export sales ratio reached 71.45%, 84.00%, 79.25% and 81.76% respectively. At the same time, most of the export revenue during the reporting period came from the European market. The China Securities Regulatory Commission's GEM Board of Directors believes that the European debt crisis and exchange rate fluctuations have a material adverse impact on Chengdu Jirui's continued profitability. For the issue of exchange rate loss, Chengdu Jirui prospectus (declaration draft) also stated that its net foreign exchange exchange losses from 2008 to 2010 were 816,400 yuan, 39,000 yuan, 660,200 yuan and 546,600 yuan, accounting for the current net profit. The ratios were 6.01%, 0.21%, 2.48%, and 4.21%, respectively. According to the above prospectus, Chengdu Jirui is specialized in the research, development, production, sales and service of fixed-device touch screens and touch displays. It is mainly exported to Europe, the United States and Asia-Pacific markets. Although the domestic market has a high market share, the absolute amount is relatively high. small. Its products are intermediate products and require downstream manufacturers to integrate into final products such as information inquiry machines, gaming machines, game consoles, ATM machines, and POS machines. It is worth noting that as a touch screen manufacturer, Chengdu Jirui, its driver software for touch products has been digitally signed by Microsoft Corporation of the United States, and the hardware system has passed the hardware compatibility test of Microsoft Corporation of the United States. Among them, the multi-touch screen has obtained Windows 7 Windows Touch. Logo certification. Diaper Pants,Baby Diapers Pants,Cotton Diaper Pants,Waterproof Diaper Pants Shandong Tianzige International Trade Co., Ltd , https://www.sdbabydiapers.com
Chengdu Ji Rui IPO dreams of European debt crisis
Yesterday, the China Securities Regulatory Commission disclosed the reason why Chengdu Jirui Touch Technology Co., Ltd. (hereinafter referred to as “Chengdu Jiruiâ€) IPO (initial public offering) was denied, that is, the proportion of exports was too large, and the current European debt crisis At the time, there was insufficient sustained profitability. This is the second time that Chengdu Jirui has failed.