Ci Ge Technology Reply to the registration phase of the science and technology board, cooperative research and development, etc.

On July 7, the CSRC disclosed the question of the registration phase of Nanjing Magnetic Valley Technology Co., Ltd., and the company's cooperation with R & D, distribution model and risk reminder was asked.

Regarding cooperative research and development, the application materials show that the issuer and China Southern Airlines have begun technology research and development cooperation since July 2008. In the early days of cooperation research and development, the technical development contract between the issuer and China Southern Airlines also included patent implementation permits. During the later period of cooperative research and development, in order to clarify the development funds and patent permits of the two parties, the two parties agreed, and in January 2012, the original "Key Technology Development Contracts of Magnetic Suspending Bearing Industrialization" agreed to be signed to two contracts, namely " Key Technology Development Contracts for Industrialization of Magnetic Suspending Bearing and Patent Implementation License.

The regulators require the issuer: explain whether the issuer exists as a permission to use the patent of the Nanjing University of Aeronautics and Aerospace or other square patents. Essence The application of the permit patent in the major products of the issuer, the relationship between the permit patent and the core technology of the issuer, is a significant dependence on whether the issuer has a patent for implementing the permission.

Regarding the distribution model and risk prompts, the application materials show that (1) The issuer adopts the sales model of "direct sales and distribution as the supplement". During the reporting period, the distribution revenue was 26.333 million yuan, 2,412,700 yuan, and 2,8613,300 yuan, accounting for accounting for accounting The proportion of main business income is 12.64%, 9.83%, and 9.49%, respectively. (2) Some dealers are both the issuer and the installation service provider. (3) After the issuer signed a sales contract with the dealer, the product was sent directly to the terminal customer project area according to the dealer's requirements to guide the installation and commissioning of the end customers. After the installation and debugging, the dealer issued a qualified report to the issuer, and the issuer confirmed the income based on the qualified report obtained. (4) In the fourth quarter of the issuer's reporting period, the main business revenue accounted for 45.08%, 43.05%, and 47.60%, respectively, which was significantly higher. After the net profit and deduction of shareholders, the net profit attributable to shareholders of the parent company after the non-recurring profit or loss was -3.4413 million yuan and -493,700 yuan, respectively, a decrease of 7.127 million yuan and 5.168 million yuan from the same period last year.

Regulators require the issuer: (1) In conjunction with the comparable company business model of the same industry, it explains whether the rationality and necessity of the distribution model meets the industry's practice; (2) explain the selection standards and daily management of dealers. The business scope, the history of cooperation with the issuer, whether to operate the issuer's product, whether it has a relationship with the issuer's directors, supervisors, senior managers, and other core personnel and main related parties; Whether it is mainly confirmed in the fourth quarter to show the distribution revenue and proportion confirmed by dealers in December each period, and whether the dealer issues the acceptance report in advance to assist the issuer to confirm the income; , Whether the refund or order cancellation of the commodities in each period of the reporting period is involved in the dealer, whether it is necessary to add the inventory price preparation; Is there any abnormality in the operating status of direct sales customers? The dealers receivable, the payment method and amount of the dealers receivable during the reporting period; (7) Based on the significant increase in the price of commodities in 2021, it supplemented the analysis of sensitivity of raw material procurement prices and improved the risk of fluctuations in raw materials.

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