Invengo Initial public offering prospectus
Issuer statement
The issuer and all directors, supervisors and senior managers undertake that there are no false records, misleading statements or major omissions in the prospectus and its summary, and bear individual and several legal liabilities for its authenticity, accuracy and completeness.
The person in charge of the company, the person in charge of accounting work and the person in charge of accounting institutions shall ensure that the financial accounting data in the prospectus and its abstract are true and complete.
No decision or opinion made by CSRC or other government authorities regarding this issue shall indicate any material judgment or guarantee as to the value of the shares of the issuer or the earnings of investors.Any statement to the contrary is a false or misrepresentation.
Basis "securities law" regulation, after the stock is issued lawfully, issuer manages the change with accrual, be in charge of by issuer oneself, the investment risk that this change brings about, be in charge of by investor oneself.
Investors should consult their stockbrokers, lawyers, accountants or other professional advisers if they have any questions about this prospectus and its summary.
Notice of Major Events
1. At present, the company's RFID products are mainly for railway, tobacco, customs, military, large factories and mining enterprises and other special customers, among which the railway market is the company's most important market.In 2004, 2005 and 2006, the sales revenue of the company's RFID products in the railway market accounted for 88.47% of the total sales revenue.
83.22%, 77.83%, the proportion is large, there is a risk of relying on a single market.On the basis of consolidating the core competitiveness of the railway RFID market, the company can expand the production scale of RFID products, adjust the product structure, and steadily improve the sales of RFID products in other markets, so as to reduce the dependence on the railway market, which will have an important impact on the fast and steady development of the company.
2. The company's sales revenue to the top five customers in 2004, 2005 and 2006 accounted for 49.81%, 37.31% and 50.46% of the total sales in the same period.The company is dependent on its main customers to a certain extent, and the change of the demand structure and quantity of the main customers may bring certain risks to the company's production and operation, thus affecting the company's sales revenue and profit.
3, the company has considerable technical advantages in the field of domestic RFID technology, with other research and development high-tech
The 1-1-3
prospectus
Similar to technical enterprises, the company is facing the pressure of product technology upgrading, product structure adjustment, loss of core technology personnel, and loss of core technology secrets.If the research and development of new technologies and new products fails, and the grasp of technology, products and market development trends deviates, the company's existing technological advantages and competitiveness will decline, and the company's development speed will be affected to a certain extent.
4. The company is a high-tech enterprise recognized by Shenzhen Municipal government. According to the provisions of Shenzhen Municipal Document No. 232 [1988], the company was exempted from corporate income tax in 2000 and 2001, and halved from 2002 to 2007.The company's subsidiaries Zhuhai Yuanwang Valley, Lanzhou Yuanwang Information, Ningbo Yuanwang Valley and the indirect holding subsidiary Chaoyang Technology that existed during the reporting period of the company also enjoy relevant tax preferential treatment.Without the above tax benefits, the net profit of the company in 2006, 2005 and 2004 would have decreased by 4,251,203.99 yuan, 8,966,028.01 yuan and 6,104,890.27 yuan respectively, accounting for 12.76%, 28.23% and 20.84% of the net profit of the current period respectively.
The deep house no. 232 of the people's government of shenzhen belongs to the regulations of shenzhen special economic zone, since 1988 in shenzhen special economic zone within the enterprise conform to the requirements specified in the regulations are generally applicable rules, regulations of the tax preferential policies, but not formulated the regulations of the people's government of shenzhen, with national laws, administrative regulations or the relevant provisions of the State Council.
Of company and its subsidiaries enjoy preferential tax was recovered, the risk existed in the line to avoid on the hair after damage the interests of the company's new shareholders, the company controlling shareholder Xu Yusuo has issued to the company on April 9, 2007 "commitment", promise now, the company and its subsidiaries for listed companies before tax Whirlpool requests for payment of tax by the tax authority, should Xu Yusuo will underwrite the payment of taxes, and take the company and its subsidiary, all the losses sustained therefrom.
5. The main business income of the issuer has strong seasonality, mainly because the acquisition and purchase of bulk equipment in the railway industry is concentrated in the second half of the year or even at the end of the year, and the company's sales are also concentrated in the second half of the year, especially in the fourth quarter. The company's main business income in the third and fourth quarters generally accounts for about 80% of the whole year.The company's seasonal sales in 2004, 2005 and 2006 are as follows: (Unit: YUAN)……
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ECO0001CN_Invengo IPO Prospectus
ECO0001EN_Invengo IPO Prospectus
