Diidmada shucaaca SF Express, adigoo gaadhay qiimeyn 6 bilyan yuan oo ay la socdaan 600 milyan oo dakhli Yuan ah! Gudiga ugu weyn IPO

Shanghai Shentheng ark tille tikniyoolajiyadda silsiladaha qabow ee Co., Ltd. Tan iyo markii la aasaasay, shirkaddu waxay diiradda saareysay bixinta silsilada silsiladda oo dhan ee loogu talagalay macaamiisha isku-dhafan ee silsiladda daroogada iyo horumarka, cilmiga bulshada, cilmiga nolosha, iyo dawooyinka dhammeeya. Iyada oo in ka badan toban sano oo waayo-aragnimo xirfadeed ah iyo ururinta farsamada, Shanghai Shvesheng si joogto ah loo cusbooneysiiyaa, hogaaminaya iyo qaabeynta moodalka dhaqanka ee warshadaha iyo heerarka adeegga.

Juun 30-keedii sannadkan, Shanghai Shengeng ayaa soo gudbisay agabkoodii liistada ah waxaana la aqbalay aqbalaadda, oo ujeedadiisu tahay IPO ee guddiga weyn ee is-weydaarsiga Shanghai. 28-ka July, waxay heshay wareegii koowaad ee weydiimaha, laakiin hadda, shirkaddu wali kama jawaabin. Liistada shirkadda ee kafaala-qaaduhu waa Shiinaha International Corporation Shirkad (CICC).

Bishii Sebtember 30, 2023, sababtuna tahay macluumaadka maaliyadeed ee lagu duubay dukumiintiyada arjiga ee la soo saaray iyo liistada uu dhacayo, soo gudbinta dheeriga ah ee loo baahan yahay. Marka loo eego qodobka 60 ee shirkadda saamiyada saamiyada ee Shanghai iyo Liiska Shanghai Shandelation, dib u eegista Shanghai Shentheng ee la soo saaray iyo liiska waa la joojiyay.

Marka loo eego xogta ku taal Prosport, Shanghai Shentheng ee 2022 waxay ahayd 630 milyan yuan. Shirkadda ayaa qorsheynaysa inay kor u qaaddo 900 milyan yuan markan, iyadoo lagu qiyaasey qiimaha suuqa ee ku dhawaad ​​6 bilyan yuan ka dib liiska.

Adeegga silsiladda qabow ee biophalaceuticalialical waxaa loola jeedaa xalka silsiladaha qabow ee silsiladda leh ee loo yaqaan 'Heerkulka' Stral States Nabdoonaanta Heerkulka ee Alaabada Beerta Inta lagu jiro cilmi-baarista, waxsoosaarka, iyo wareejinta, oo ku saleysan tikniyoolajiyadda xakameynta heerkulka iyo qorshayaasha hawlgalka.

Iyada oo leh sanduuqyo is-horumaris ah oo la soo saaray oo la soo saaray ee xirmooyinka barafka PCM, iyo qalabka kale ee silsiladaha ah, oo ay weheliso xamuul gacmeed qaboojiyaha ah, Shanghai Shengengend, iyo adeegyo silsilado ah oo al-al-albaab ah Alaabada, oo ay ku jiraan daawooyinka tijaabada caafimaad ee kiliinikada, samballada bayoolojiga, aaladaha caafimaadka, iyo dawooyinka dhammeeya ganacsiga. Iyada oo ku saleysan cilaaqaadka iskaashiga muddada-dheer ee la aasaasay macaamiisha iyo fahamka silinta silsiladda sahayda ee cilmi-baarista daroogada, oo lagu tilmaamo maareynta kaydinta ee heerkulka, oo lagu calaamadiyo iyo baakadaha labaad, soo kabashada iyo burburka dawooyinka maxkamadda. Iyo muunado bayooloji ah, iyo maareynta kaydinta korantada ee saamiga bayoolaji inta lagu gudajiro kireysiga maandooriyaha daroogada ee hal-abuurka leh, oo daboolaya dawooyinka dawooyinka, cilmi baarista daawada, iyo cilmi-baarista caafimaad.

Waxay xaruntiisu tahay Shanghai, Shanghai Shengsheng oo ku taal magaalooyinkii howlgalada qabow ee gobolka ka mid ah sida Beijing iyo Guangzhou, oo leh shabakad adeeg oo daboolaya 99% magaalooyinka dowladeed ee dalka oo dhan. Intaa waxaa sii dheer, shirkaddu waxay leedahay seddex ka mid ah kabista dibedda ee dalka Mareykanka, Beljamka, iyo Australia, iyo ilaha lammaaneheeda ayaa daboolay wax ka badan 50 dal oo adduunka ah, oo taageeraya adduunka ee shirkadaha dawladda.

Shirkadda waxay heshay WHP-ga States GDP, GMP shahaadooyinka, iyo Shahaadada Nidaamka Tayada Tayada ee ISOE9001. Iyada oo leh khibrad wax ku ool ah oo la taaban karo, oo ah shabakad ruujin dhameystiran, qalab silsilad oo dhammaystiran, nidaamyada macluumaadka caqliga leh, iyo nidaam xakameyn oo adag, shirkadda ayaa dhistay aqoon-isweydaarsi sare, oo lagu helo aqoonsi sare in ka badan 7,000 oo macaamiil ah warshadaha biophaface. oo ay ku jiraan iskaashiga muddada-dheer ee lala yeesho shirkadaha caanka ah sida kooxda hengrui group, Fsuun Group, Chia Tai Tianqing, Junshi Taian Tianqing, Group-ka, Wuxi Apptec, iyo baaritaanka baarista xaaska.

Ka hor inta aan la soo saarin, wadarta guud ee caasimada waxay ahayd 340 milyan oo saami qaybsi, iyadoo la soo saaray aysan ka badneyn 60.01 milyan oo saamiyo, oo aan ka yarayn 15% wadarta guud ee la wadaago.

Laga bilaabo taariikhda saxeexaya rajada, Jub oo si toos ah u haysay 67.1288893 milyan oo saamiyo, oo ay ku xisaabtamaan 19.7438% wadarta saamiyada shirkadda, taasoo ka dhigeysa in ay xakameyso saamiga shirkadda.

Jug ganaax iyo Xiao Zhongmei si wada jir ah iyo si aan toos ahayn u xakameeyaan 42.6249% saamiyada, taasoo ka dhigaysa inay ka mid yihiin maamulayaasha dhabta ah ee soosaaraha.

Qaar badan oo ka mid ah madax-dhaqameedka ku yaal saadka Shrensheng waa qaraabo ku saabsan gaaska jobling. Masuulka ayaa muujinaya in xaaskiisa garabka ah, Xiao Zhongmei, ay u adeegtaa sidii kuxigeenka agaasimaha waaxda dejinta; Xiao zhongmei walaalkiis, Xiao zhonghai, wuxuu u adeegaa inuu yahay kuxigeenka agaasimaha iibka; iyo Xiao Zhongmei-ka-soddoggiisa, Pan Xiaxaan, wuxuu u adeegaa inuu noqdo maamulaha tayada sare.

Iyada oo ah taariikhda saxeexashada rajada, agaasimayaasha shirkadda, kormeerayaasha, shaqaalaha sare, iyo xubnaha qoysaskooda si aan toos ahayn u haysta saamiyada shirkadda sida soo socota:

Waxaa xusid mudan in Shanghai Shvethengentics saadka saadka saadka safka sare ee saamilayda ee labadaba ee warshadaha dawooyinka iyo saadka labadaba.

Waxaa ka mid ah, Hillqalthouse iyo Legend Rifface waa hay'adaha maalgashiga ugu sareeya, halka caasimada loo yaqaan 'depardinge' iyo decists maalgashiga saadka gudaha "iyo heerka maalgashiga ee loo yaqaan 'deppon), siday u kala horreeyaan. Jundsing Xeieli wuxuu matalaa saamileyda dowladeed ee dowladu leedahay.

Waxaa la fahamsan yahay in ka hor maalgelintiisa 2018, silsiladda qabow ee Shrensheng uu la xiriiray waaxda maalgashiga istiraatiijiyadeed ee SF Express, oo ay dooneysay inay kaashato silsiladda qabow ee Shvesheng iyada oo loo marayo isku-darka ganacsiga iyo maalgashiga saadka. Si kastaba ha noqotee, silsiladda qabow ee Shrenshengng waxay doorteen in ay iskood u dhigaan fursadan, iyagoo u doorbidaya maalgalinta raasamaalka saafiga ah halkii ay hubin lahayd madax-bannaanideeda horumarinta mustaqbalka.

Shanghai Shenthengeng waxay qorsheyneysaa inay kor u qaaddo qiyaastii 900 milyan oo yuan waqtigan, in lagu maalgeliyo mashruuca xarunta dhexe ee Xarunta Centrals R & D, Mashruuca Sir-galka ee Nidaamka, iyo Mashruuca Dheeraadka ee Lacagta.

Intii lagu gudajiray muddadii warbixintan, Shanghai Shengsheng ayaa gaartay dakhliyada 269 milyan yuan, 525 milyan yuan, iyo 634 milyan yuan, oo leh macalinka Net Yuan, 73.7686 milyan yuan, iyo 77.3619 Milyan yuan, siday u kala horreeyaan.

Sida laga soo xigtay "Daawooyinka Shanghai Shvesheng Cognichool SquataCoutical Coog tikniyoolajiyadda ah ee COLE. Xeerarka Liiska Beddelka Kaydsiga ee Kaydka, oo ah, "(1) Faa'iidada saafiga ah ee saddexda sano ee ugu dambeysay waa mid togan, iyo isugeynta salka heerka saddexda sano ee ugu dambeysay ma yara in ka badan 150 milyan yuan, macaashka saafiga ee sanadkii ugu dambeeyay ma ka yar yahay 60 milyan oo Yuan, iyo qulqulka lacagta saafiga ah ee ka shaqeeya howlaha ka shaqeeya sedex milyan ee ugu dambeeyay ee Yuan, ama isugeynta daqliga ku shaqeeya Saddexda sano ee ugu dambeysay kama yaraanin 1 bilyan yuan. "

1. Kala-duwanaanta udhaxeysa Dakhliga iyo Isbedelka Faa'iidada Saaca ee saafiga ah, hoos u dhaca joogtada ah ee margin macaashka guud

Milkiilaha ayaa muujinaya in laga bilaabo 2020 illaa 2022, dakhliga shirkadda ay ahayd 269 milyan yuan, oo ah 635 milyan yuan, oo ay u kala horreeyaan qiimayaasha dakhliga ee 95.23% iyo 2022. waxay ahaayeen 49.6911 milyan yuan, 86.4515 milyan yuan, iyo 78.6582 milyan Yuan, oo leh heerarka kobaca sanadka ee sannadka 73.98% iyo -9.01% sanadkii 2021 iyo 2022, siday u kala horreeyaan.

Marka laga hadlayo hoos u dhaca macaashka saafiga ah ee 2022, Shanghai Shengsheng ayaa sharaxay in 2021, waxaa jiray dakhli maalgashi oo ah 13.068 milyan oo Yuan ah oo ka soo jeeda sinnaanta Daawooyinka ee Taikun. Waa in la ogaadaa in ay jirto kala jaad jaad ah oo udhaxeysa isbedelada dakhliga iyo macaashka saafiga ah. Inta lagu gudajiro mudada warbixinta, Dakhliga ayaa kordhay 20.92% sanadka, halka macaashka saafiga ah uu hoos u dhacay 9.01% sanadka.

MisessCeCtus wuxuu muujinayaa in laga bilaabo 2020 illaa 2022, xudunta shirkada ugu weyn ee ganacsiga ee shirkadda ay ahayd 35.24%, 29.08%, iyo 27.95%, siday u kala horreeyaan. Marka la gaaro 2022, margin macaashka guud ee macaashka ayaa sii waday inuu diido, iyadoo sanad-sano loo dhimay oo ah 1.13%, iyo hoos udhaca 7.29% marka loo eego 2020.

Gaar ahaan, xudunta guud ee faa'iidooyinka aasaasiga ah ee cilmi-baarista daroogada hal-abuurka ah iyo horumarka bulshada Adeegyada silsiladda qabow waxay ahaayeen 37.71%, iyo 31.75%, siday u kala horreeyaan. Shirkadda ayaa sheegtay in sababaha hoos udhaca sanadka uu inta badan ahaa: (i) Kordhinta maalgashiga qalabka iyo tas-hiilaadka, iyo sanaadiiqda dahaarka qabow, taasoo horseedaysa kharashyo jahwareer xasaasiyadeed oo sare leh; (ii) Sanadkii 2022, sababtuna tahay saamaynta deegaanka ee dibedda, heerka koritaanka dakhliga ayaa hoos u dhacay, iyo qodobo ay ka mid yihiin soo iibsiga xaaladaha degdegga ah iyo carqaladeynta saadka ee xaaladaha degdegga ah ayaa horseeday inay kordhiyaan kharashaadka hawlgalka.

Waxaa xusid mudan, xudunta guud ee faa'iidooyinka dawooyinka qabow ee dawooyinka qabow ay ahaayeen 22.85%, 21.60%, iyo 11.32%, oo ah 1522%, inta badan waxay ahayd: (i) Dadaallada lagu sii wanaajinayo wacyigelinta astaanta qaybtan iyo xoojinta gal-galka badhtamaha badhtamaha; (ii) Qiimaha ugu sarreeya ee ugu sarreeya ee loogu talagalay Dhexe, oo laga soo qaatay 2020, iyo silsiladaha qabow ee Yanjia, ayaa la aasaasay qeybtii labaad ee 2021.

Inta lagu gudajiro muddada warbixinta, xudunta guud ee faa'iidooyinka dawooyinka qabow ee dawooyinka qabow ay ahaayeen 22.85%, 21.60%, iyo hoos u dhac yar, sababaha ugu weynna waxay ahaayeen: (i) Adeegyada silsiladaha qabow ee dawooyinka qabow ayaa wali ku jiray maalgashiga iyo marxaladaha ballaarinta ganacsiga, iyadoo kharashyada la kordhiyo ee foosha, goobo, iwm, samaynta Xiddiga reer Shrensheng oo dheeri ah ayaa kordhiyay maalgashiga qaybtan; (ii) Saamaynta ugu wacan ee deegaanka awgeed, oo ah khidmadaha wakaaladda gaadiidka ee sii kordhaya waxay horseedaysaa kororka kharashaadka hawlgalka.

Inta lagu gudajiro muddada warbixinta, xudunta guud ee faa'iidooyinka loo yaqaan 'Theels' ee Adeegyada Qabitaanka ee Qalabka Cagaynta waxay ahaayeen 29.11%, 34.47%, iyo 33.65%, oo muujinaya isbeddelada qaar. Margin macaashka guud ayaa kordhay 2021 marka loo eego 2020, sababta oo ah 2020 ayaa wali ku jiray marxaladda hore ee horumarka ganacsiga cusub, iyo kobaca ganacsiga ee degdega ah ee 2021, dhaqaalaha cabirku si tartiib tartiib ah ayaa loo sameeyay. Marlinga guud ee macaashka ayaa xoogaa hoos u dhacay 2022 marka la barbar dhigo 2021, inta badan sabab u ah saamaynta deegaanka dibadiisa, kobaca dakhliga gaagaaban, iyo kharashaadka hawlgalka ee kordhay.

Inta lagu gudajiro mudada warbixinta, xudunta guud ee faa iidada loogu talagalay agabyada cusub iyo iibka silsiladda qabow waxay ahaayeen 15.02%, 11.60%, iyo 23.99%, siday u kala horreeyaan. Margin macaashka guud ayaa hoos u dhacday 2021 oo dib u soo celiyay 2022, sababta oo ah 2021, margin guud ahaan ee macaamiisha pawel ee loo yaqaan 'paros parssium' ay aad u yar tahay oo ay ku xisaabtameen tiro badan oo dakhli ah, hoos u dhigista guud ahaan macaashka guud. Sannadkii 2022, oo ay la dhintaan iskaashi ganacsi oo ay la yeeshaan macaamiishan, margin macaamilka guud ee faa iidada.

Marka la barbar dhigo asxaabta ku hawlan adeegyada ganacsiga ee SMO iyo Adeegyada CRO, sida finanka iyo waqooyiga, marki ay ka sarreysay celcelis ahaan, halka 2021 iyo 2022, ay ka hooseysay celcelis ahaan.

Shanghai Shengsheng ayaa cadeeyay in haddii baahida suuqa mustaqbalka ee warshadaha soofahaysa ay hoos udhaceyso ama sii xoojinayaan sicirka warshadaha, tani waxay u horseedi kartaa hoos u dhac ku yimid margin faal-maroodi, taas oo saameyn ku yeelata faa iidada.

2. Hoos udhac ah koritaanka siinta

Intii lagu gudajiray mudada warbixinta, ganacsiga ugu weyn ee Shanghai Shengsheng waxaa ku jira shan qaybood: Cilmi-baarista daroogada ee hal-abuurka leh iyo koritaanka silsiladda silsiladaha. Qalabka iyo iibka silsiladda qabowga. Kuwaas oo ka mid ah kuwan, cilmi baarista daroogada ee hal-abuurka leh iyo komishanka iyo noloshooda Nidaamka silsiladaha qabow waa ganacsatada aasaasiga ah, iyadoo dakhliyada Yuan, iyo 4,91.5211%, 69.77%, iyo 69.64% wadarta dakhliga, siday u kala horreeyaan, iyadoo saami ahaan ka badan 70%.

Qeybta labaad ee ganacsiga ee ugu weyn, wareegga silsiladaha ganacsiga ee dawooyinka iyo aaladaha caafimaad, ayaa lagula xisaabtamay in ka yar 15% wadarta dakhliga, oo muujinaya ku tiirsanaanta daroogada ee qaarkood, iyo Sayniska Nolosha Adeegyada silsilada qabow.

Shirkadaha saadka qabowga, mugga amarrada saadka ee saadka waa tilmaan muhiim ah. Shanghai Shengsheng ayaa cadeysay in isbedelada tilmaamahan ay leeyihiin saameyn adag oo saadaalin ah oo ku saabsan waxqabadka. Inta lagu guda jiro mudada warbixinta, tirada dalabka shirkadda waxay ahayd 361,900 amar, 60100 amar, iyo 662,200 amar, oo muujinaya isbeddelka koritaanka. Si kastaba ha noqotee, heerarka koritaanka ee 66.13% iyo 10.14% sanadkii 2021 iyo 2022, siday u kala horreeyaan, taas oo ah digniin walaac weyn, taas oo ah shanghai Shengsheng.

3. Khataraha imaatinka cilladaha, cusboonaysiinta shahaadooyinka hawlgalka, iyo ku xadgudubka taraafikada

Dhamaadka mudada warbixinta, shirkadda iyo kaabayaasheeda ayaa loo isticmaalay wadarta guud ee 6,152 mitir oo laba jibbaaran oo kaash ah oo ku saabsan hawlgal ama meel bannaan oo ka mid ah 7.68% shirkadda guud ee shirkadda Shiinaha. Guryahaani waxay lahaayeen arrimo ay ka mid yihiin la'aanta shahaadooyinka lahaanshaha hantida, iyagoo ku yaal dhul wadareed, ama dhul loo qoondeeyay. Haddii guryahaasi loo arko inay yihiin dhismayaal sharci darro ah oo ay u baahan yihiin dumin, ama haddii ay jiraan khilaafaadka ku aaddan lahaanshaha hantida ee dhexmara guryaha kireeya, shirkadda ama kabilayaasheeda ma awoodo inay si caadi ah u adeegsadaan guryahaas, iyagoo keenaya halis ka dib.

Shirkadda shirkadda ee billadaha ah ee loo yaqaan 'Bopharmaceuticaceuticaceuticaceuticaceuticalceuticaliautical' ayaa ku lug leh tillaabooyin badan oo u baahan shahaadooyin hawlgal ah, oo ay ku jiraan shahaadooyinka diiwaangelinta ee kastamyada, laysanka ganacsiga ee Kastameeyo ama Liisanka Ganacsiga ee Gaadiidka. Shahaadooyinkan ayaa u baahan in la cusbooneysiisto ama la cusbooneysiisto xilli xilli ah. Haddii shirkadda ay ku guuldareysato inay hesho ama cusboonaysiiso shahaadooyinkan, waxaa laga yaabaa inay la kulmaan khataro sharciyeed qaarkood.

Dhamaadka mudada warbixinta, shirkaddu waxay lahayd 324 gawaarida ay iska leedahay, oo ay ku xadgudbeen taraafikada taraafikada iyo waxyaabaha xaddidaadda xayiraadaha taraafikada ee qaadaya alaabada iyo xadgudubka rakaabka ee qaadanaya alaabada iyo xadgudubka ee Yuan, 395,600 yuan, iyo 510,600 yuan. muddo. Iyada oo kor loo qaadayo tirada gawaarida iyo ballaarinta suurta galka ee xayiraadaha taraafikada ee magaalooyinka waaween, kharashka ku xadgudubka ku-xadgudubka taraafikada ayaa laga yaabaa inay kor u kacdo, si xun u saamayso howlgalada shirkadda.

4. Khatarta ah ee fulinta mashruuca lacag aruurinta iyo hoos udhaca jahwareerka hantida go'an

Shirkadda ayaa qorsheynaysa inay u isticmaasho lacagaha loo adeegsado saldhiga "Xarunta dhismaha ee R & D," "" "" "" "" "Nidaamka Nidaamka Macluumaadka Qaboobka ee R & D Distral Mashruuca dhismaha R & D District Mashruuca dhismaha," iyo "Mashruuca Madaxa Dheeri." Maalgashiyadani waxay ku guuleystaan ​​ganacsiga shirkadda ugu weyn. In kasta oo shirkaddu ay sameysay daraasado suuban oo dhameystiran oo loo dejiyey ka hortag gaar ah marxalad kasta oo mashruuc ah, arrimo ay ka mid yihiin qoondeynta lacagaha ee dib u dhaca iyo dilka mashruuca ayaa wali soo bixi kara. Marka la dhammaystiro mashruuca, isbeddelada jawiga siyaasadeed, baahiyaha macaamiisha, iyo shuruudaha suuqa ayaa caqabad ku noqon kara hirgelinta si habsami leh, si xun u saameeya soo celinta mashruuca ee mashruuca iyo waxqabadka shirkadda. Sida taariikhda saxeexa ee rajadaan, shirkaddu waxay saxeexday "heshiis maalgashi" oo loogu talagalay dhulka "Xarunta 'R & D Saldhigga' Mashruuca Cilmical Chilners Chilners Station Shirkadda Xarunta Xarunta Caafimaadka ee Daawooyinka ee Aasiya (Magaca degmada)" ee magaalada Minhang, ee magaalada Huaca. Xafiiska Maamulka Maareynta ee Dowladda Minhang ee degmada Nanhongqiao iyo Xukuumadda Dadka Magaalada Hucaco. Shirkadda ayaa heshay "aragtida dib u eegista mashruuca" (2022-006) guddiga dhaqaalaha ee degmada Mingang iyo "sharraxaad ku saabsan isticmaalka mashruuca arrinta lacageed ee Shrenggengent" ee xafiiska guddiga maareynta ee degmada Minhongqiao, laakiin weli ma helin xuquuqda isticmaalka dhulka. Ka gaabinta helitaanka xuquuqda isticmaalka dhulka ee u dhigma ayaa kaa horjoogsan kara hirgelinta si habsami leh ee mashruuca aruurinta.

Mashruuca lacag aruurinta, "Xarunta Xarunta Dhismaha Xarunta Bast-ka," "" "" "" "" "" "" "" "" "" "" "" "" "" "" Nidaamka Nidaamka Qabashada Nidaamka Qormada Qabow ee R & D "ayaa la isku daray 1.001 bilyan yuan, oo lagu qiyaasey Maalgashiga ku dhawaad ​​764 milyan oo yuan ah hanti go'an sida qalabka, dhismayaasha, iyo keydinta qabow. Markii la dhammeeyo, kororka wax ku oolka ah ee hantida go'an iyo kharashyada jahwareerka ayaa laga yaabaa inaysan ka bilaaban dakhliga dakhliga ee degdegga ah, oo sababi kara in hoos udhac faa iido.

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Waqtiga Post: Agoosto-14-2024