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Disassemble IPO

Pay attention to IPO information and disassemble the company's prospectus.

Moore shares paid a dividend of 45 million yuan in three years of IPO, and the actual controller used the dividend to buy a house for his son

Rui Finance 2024-05-10 09:41 6.0w Read

On April 10, Xi'an Moore Petroleum Engineering Laboratory Co., Ltd. (hereinafter referred to as“ Moore shares ”)The financial data has been updated, and the sponsor is Tianfeng Securities Limited liability company, the sponsor representatives are Li Tongchao and Zheng Changxin.

According to the review of Rui Finance, on May 29, 2023, the IPO of Moore Shares in Beijing Stock Exchange was accepted; On June 19, 2023, its IPO review status was updated to "inquired". Since August 2023, Moore's shares have responded to four rounds of inquiry letters.

In terms of performance, from 2020 to 2023, the operating revenues of Moore's shares were 83.9957 million yuan, 96.7799 million yuan, 116 million yuan and 147 million yuan respectively; The net profits not attributable to the parent company were 20881500 yuan, 22492700 yuan, 25402400 yuan and 37006200 yuan respectively.

From 2020 to 2022 (hereinafter referred to as the "reporting period"), the sales amount of Moore's shares to the top five customers was 63.1530 million yuan, 69.7937 million yuan and 86.0281 million yuan, respectively, accounting for 75.19%, 72.12% and 74.25% of the operating revenue, with a high degree of customer concentration.

From 2020 to 2022, Moore's shares distributed cash dividends of 10.998 million yuan, 21.996 million yuan and 12.0153 million yuan respectively, totaling 450093 million yuan in three years. According to the 49.47% shareholding ratio before the actual controller Han Yong submitted the statement, he took 22.2661 million yuan in three years.

As for the large dividends of Moore's shares, the Beijing Stock Exchange also asked Moore's shares to explain whether there were major abnormalities in the main capital flow or use of the dividends received by the controlling shareholders, actual controllers, directors and supervisors.

It can be found from the reply of Moore Shares that Han Yong's dividend is mainly retained in securities accounts, investment and financing, relatives and friends, and a small amount of personal loans. Among them, investment and wealth management is mainly to handle call deposit business; The subsequent use in the relationship between relatives and friends is mainly the investment and financing of the lover's account, insurance purchase expenses, and the son's family's house purchase, daily consumption and other expenses; A small amount of personal borrowing is used to borrow from relatives for asset expenditure such as house purchase.

Other directors, supervisors Gao Cheng Member, most of the dividends are also used in the purchase of financial products, family daily living expenses and other aspects.

In response to the inquiry, Moore shares said that the company has stable and sustainable profitability and can repay shareholders' long-term support for the company through cash dividends.

It should be pointed out that on March 15 this year, the CSRC issued the Opinions on Strictly Controlling the Access to Issuance and Listing to Improve the Quality of Listed Companies from the Source (Trial), which clearly stated that "we should pay close attention to whether there is a situation of" clearance type "dividend distribution before listing of enterprises to be listed, strictly prevent and investigate, and implement responsible list type management".

After the release of the new policy, many enterprises attracted regulatory inquiries and public opinion attention due to the "clearance dividend", and many companies chose to voluntarily withdraw their applications.

Source: Rui Finance

Author: Li Lanlan

Important: This article only represents the author's personal view, and does not represent Leju's financial position. The purpose of this article is to collect and provide information to meet the information needs of users, not for commercial or profitable purposes. If any unit or individual believes that the source of this document is marked incorrectly, or is suspected of infringing its intellectual property rights and other related rights, please provide relevant information such as identity certificate, ownership certificate and detailed infringement proof, click【 Contact customer service 】Or send an email to【 ljcj@leju.com 】, we will review and handle in a timely manner.

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