The North Stock Exchange adds new members!Pattel will be listed on July 22

On the evening of July 19, 2022, Petter (836871.BJ) released its public offering to unspecified investors and prompts on the Beijing Stock Exchange.

The announcement shows that with the consent of the Beijing Stock Exchange, the shares of Zhuhai Paich Technology Co., Ltd. will be listed on the Beijing Stock Exchange on July 22, 2022. The company's issue price is 5.60 yuan/share.

The company's public offering of shares this time is 17.776 million shares; 20.4424 million shares (after the full -amount of over -distribution and sale options), the total share capital after the public offering is 7,110.1216 million shares;

On the same day, Pettel issued an announcement saying that according to the relevant provisions of the "National Small and Medium Enterprise Transfer System Listing System Listing System", the company's shares were terminated on the Beijing Stock Exchange on the day of the Beijing Stock Exchange.

It is understood that Pettel is mainly engaged in the research and development, production and sales of industrial hose and assemblies, and modified engineering plastics. The company is committed to providing customers with industrial hose products that are suitable for complex industrial environmental needs and modified engineering plastics that meet the needs of customers' specific needs.

Pattel admits that the following risks have the following risks:

1. Market competition risk

The industrial hidden pipe industry has a high degree of marketization, low concentration, and fierce competition in the industry. With the continuous strengthening of the national policy's standards for the industrial hose industry, and the increasing requirements of the downstream industry's new materials, new technologies, and new processes in the industry, companies with lower independent research and development capabilities will gradually be eliminated. The leading enterprises in the industry will rely on the cost advantage brought about by large -scale to further expand market share. As market competition intensifies, if the company fails to increase the scale of production or fails to continue to invest in R & D funds to improve product quality, the company will face the risk of declining profitability.

2. The risk of changes in market demand

The company's operating performance is closely related to the downstream market prosperity. The main customers of the company are industrial machinery, automobiles, home appliances, industrial parent machines, hardware machinery, wind power and other industries. Business will have a significant impact on the company's operating conditions, operating income and operating profit, and there may be risk of declining operating performance.

3. Price fluctuation risk of major raw materials

The raw materials required for the company's production include nylon materials, polyurethane materials, fiber wires, steel wires, etc.

During the reporting period, the main business cost of the company accounted for a relatively high Chinese raw material, and the rise in raw material prices would have a great impact on the company's product costs, especially the frequent changes in the price changes in the prices of commodities such as nylon materials, polyurethane materials, and fiber silk will directly affect the company's purchasing procurement Cost stability. If the supply status and prices of the main raw material market fluctuate sharply, and major changes in supply channels have undergone major changes, it may adversely affect the company's operating performance.

4. The risk of bad debt receivables occur in accounts receivable

At the end of each period of the reporting period, the company's accounts receivable book balance was 37.8535 million yuan, 41.8017 million yuan, and 46.373 million yuan, respectively, accounting for 33.56%, 31.10%, and 28.36%of the total assets at the end of the reporting period, respectively. With the expansion of the company's business scale, the balance of accounts receivable may remain at a high level, which will affect the company's capital turnover speed and cash flow of business activities, and increase the company's capital costs. Although the company's main customers have strong funding strength, good credit, and guarantee of fund recovery, if it is poor or the customer's financial status deteriorates, it may lead to bad debts or extend the recovery cycle of accounts receivables. The company's performance and production and operation have adversely affected.

5. The impact of the newly added depreciation and amortization of funds and investment projects on business performance

The company's fundraising project is expected to increase the annual depreciation and amortization of 3.6708 million yuan each year, which has a small impact on the cost of product units, and the overall interval is -0.54%to 1.23%. However, if the market environment has not changed in the future, the company's fundraising project fails to meet the expectations and the new production capacity fails to make full use of it. New depreciation amortization will adversely affect the company's operating performance.

6. The risk of relatively low proportion of core technology products

The company's core technical products mainly include resin hose and assembly, nylon hose and assembly and modified engineering plastics. The proportion of core technology products in each period of reporting period accounts for 58.49%, 62.05%, and 61.39%, respectively. The proportion is relatively low. Although the company actively develops the core technology product market, non -core technology products are also a reasonable extension of core technology products, and customers are relatively stable, but there are still the company's core technology product market that is not as good as expected. Non -core technology products are risked by the market. Future operating performance has adversely affected.

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