Asia Pai Technology Term Terminal IPO before listing is more than 60 million yuan in dividends

Recently, Nanjing Yapai Technology Co., Ltd. (hereinafter referred to as Yapai Technology) took the initiative to withdraw from the GEM listing application.

Asian Technology disclosed in its prospectus that the dealer model of "power supply electrical and power distribution electrical products" is inconsistent with the conventional significance dealer model. Chongqing Xinhui Xuexue Intelligent Technology Co., Ltd. (hereinafter referred to as Xinhui Xue Smart), one of the five major customers from 2018 to 2020, referred to this model as a "logistics" dealer, and introduced to reporters to reporters , Xinhui Scholarship does not need to run business, mainly for Asian technology.

"Daily Economic News" reporter noticed that the original IPO of Asian Technology's IPO originally planned to raise funds up to 502 million yuan, of which 75 million yuan of supplementary funds and repayment of bank loans were repaid. Asian technology divided over 34 million yuan in 2020. In fact, as of the end of the first half of 2021, Asia Pai Technology's account receivables, accounts receivable financing, bills receivables, and other receivables accounted for about half of the company's total assets.

Different dealer model and conventional

Asian technology is mainly engaged in distribution control and safety, comprehensive energy -saving products in the field of product development, production, sales and services. The company's products mainly include power supply and power distribution appliances, comprehensive energy -saving products and services. The products are mainly used in real estate buildings, rail transit , Medical and Health and other fields.

"Daily Economic News" reporter noticed that in 2018, Asia Pai Technology received 51.15%of Nanjing Huixue Intelligent Technology Co., Ltd. (hereinafter referred to as Huixue Smart) for 10.6 million yuan in capital. In November 2021, Asia Pai Technology acquired 48.85%of the shares held by a minority shareholder of Huixue Smart for 11.4124 million yuan.

From 2018 to 2020, a company named "Chongqing Xinhui Scholars Intelligent Technology Co., Ltd." ranked second, second and fifth customers of Asia Pai Technology, respectively. 17.5208 million yuan, 20.758 million yuan and 16.7393 million yuan. However, in the first half of 2021, Xinhui Xue Intelligence did not appear in the top five customers of Asia Pai Technology.

Qixinbao showed that Xinhui Xue Intelligent was established in 2016. On December 1, 2017, it was renamed by Chongqing Heyou to Yuanyuan Technology Co., Ltd. On the same day, the company's shareholders were changed from Zhao Dandan to Zhou Lebin and Fu Fu Fu Fu. Jianqiong, its business scope is also based on the original "research and development and sales of electrical products; computer software and hardware development, sales and technical services; lighting and lighting engineering design; lamp development" ; Building intelligent equipment technology development, technical consulting, technical services; design of building intelligent projects, etc. ".

At the same time, the 2021 annual report of Xinhui Scholars shows that the company's basic pension insurance insurers of urban employees are 0. Qixinbao shows that its corporate contact number corresponds to more than 100 companies.

On June 22, 2022, "Daily Economic News" reporter came to Xinhui Xue Smart, Qixia Road, northern New District, Chongqing City. "Logistics" dealers, that is, the salesperson of Asia Pai Technology's own, runs for sales. Xinhui Scholarship is equivalent to just picking up the goods without going to run the business. Compared to the price of products sold to customers by Xinhui Xue Smart, Asian Technology will give Xinhui Xue Smart prices a bit appropriately and cheaper. Xinhui Xue Intelligent earns differences from it, but the profit of this model is relatively low.

Asian Technology disclosed in its prospectus that the dealer model of "power supply and electricity distribution electrical products" is inconsistent with the conventional significance dealer model, but it is basically the same as the above -mentioned Xinhui Scholars' intelligence.

Is there money or lack of money?

From 2018 to the first half of 2021, the operating income of Asian technology was 171 million yuan, 230 million yuan, 296 million yuan, and 161 million yuan, and its net profit attributable to the mother was 116 million yuan, 35 million yuan, and 56 million yuan. And 022 billion yuan.

Under such performances, the reporter of "Daily Economic News" noticed that from 2018 to the first half of 2021, Asia Pai Technology carried out a total of 5 cash dividends, with a total dividend of over 60 million yuan. Among them, the dividend was divided twice in 2020, and the amount of dividend was the highest, with a total of over 34 million yuan.

However, the IPO of Asian Technology ’s IPO raised is as high as 502 million yuan, including supplementary funds and repayment of 75 million yuan in bank loans. So, is the Asian technology rich or lack of money? Financial data shows that as of the end of the first half of 2020, the balance of monetary funds of Asian technology was 79.552 million yuan, and the cash ratio was 0.79.

"Daily Economic News" reporter also noticed that the receivables of Asian technology have grown rapidly during the reporting period. As of the end of the first half of 2021, Asia -Pai Technology's account receivables, accounts receivable financing, bills receivables, and other receivables were RMB 53.015 million, 6.038 million yuan, 430,147 million yuan, and 77.528 million yuan, in total, about approximately approximately approximately approximately approximately It accounts for half of the total amount of science and technology assets.

Other receivables of Asian Technology are mainly margin. As of the end of the first half of 2021, other receivables of the top five units were as high as 81.9496 million yuan, accounting for 93.99%.Real estate company (subsidiary).Among them, Sunac South Real Estate Development (Group) Co., Ltd., Ningbo Qicai Building Materials Co., Ltd. (a subsidiary of Greenland Holdings, hereinafter referred to as Qi Cailian), Sichuan Blu -ray Hejun Industrial Co., Ltd.Executive person.However, as of the end of the first half of 2021, Asian Technology only provided bad debt preparations for the development of Blu -ray development and other subsidiaries in accordance with 50%.

In addition, Qi Cai Lian is also the fifth largest account receivable customer in the first half of the first half of 2021. The amount of accounts receivable is 2.1092 million yuan.

Daily Economic News

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