Recently, the China Securities Regulatory Commission issued the "Announcement on the Results of the 57th Meeting of the GEM Board of Auditors in 2017", in which the new three-board company Wanma Technology was first approved; and the Aiwei Technology "unsuccessful" GEM was rejected by the China Securities Regulatory Commission and became the new three board. The first company in history to be denied.
Why is Aiwei Technology rejected? Covering four major issues
Whether the initial is issued or not, the audit committee raised four questions about Aiwei Technology, including commercial bribery, compliance with independent directors, large differences in gross margins and peers, and whether it is suspected of tax violations.
According to the prospectus disclosure, Aiwei Technology uses some reagents and test strips as random accessories. The main purpose is to use the equipment for commissioning, giving dealers and upgrading the order. Aiwei Technology needs to explain the quantity and amount of the instrument for commissioning and giving the dealer and the upgrade order, and whether the installed commissioning consumption matches the number of instruments; the amount corresponding to the dealer and the upgrade order Whether the proportion of the above-mentioned dealers and the upgrade order amount is suspected to constitute a commercial bribe.
From 2014 to 2016, the operating profit of Aiwei Technology was 10.1636 million yuan, 14.927 million yuan and 220.295 million yuan respectively. Instrument gross profit margin was 66.67%, respectively, 62.89% and 61.52%, much higher than comparable companies in the same industry Dheere health; reagent gross profit margin was 94.32%, respectively, 94.44% and 94.45 %, higher than the same industry companies; the gross margin of test strips were 5.46%, 19.73% and 29.54%, respectively, lower than the same industry companies. The average unit price, price range (ten thousand yuan/unit) of some products and the average purchase price of end customers are more than 10 times.
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