Western Superconductor Is Expected To Become The First Company In Shaanxi

- Mar 29, 2019-

Western Superconductor is expected to become the first company in Shaanxi

The recent advancement of the science and technology board has entered a critical point. On the evening of March 25, Shaanxi New Third Board Company Western Superconductor issued a heavy announcement, announcing that the board of directors reviewed and approved the proposal to apply for the listing of the board, and Western Superconductor is expected to become the first company in Shaanxi to be listed on the board.

Proposed listing proposal was reviewed and approved by the board of directors

On the evening of March 25th, the Western Superconductor announced that the board of directors meeting on the same day reviewed and approved a number of proposals on the company's application for the listing of the board. From the public information, this is the first new board listing company in Shaanxi to start the board application process.

According to Tiehan, a special professor of Xi'an Jiaotong University School of Management, the IPO of the company is going through the counseling stage, and the listing of the new three boards involves a series of processes including board resolutions, shareholders' meeting resolutions, share transfer company acceptance, securities firms and law firms issuing compliance opinions. . The Huashang Daily reporter found that while passing the deliberation of the board of directors, the Western Superconductor also announced that it will hold a notice of the second extraordinary general meeting of shareholders this year on April 9. At that time, the proposal to apply for the listing of the board will be reviewed.

Some brokerages said that in view of the qualification of Western Superconductor, the market value and financial indicators have reached the corresponding standards of the science and technology board, but considering that the science and technology board has no precedent for listing, all companies can be said to "cross the river by feeling the stones." The results of this planned listing need to continue to be observed. According to the financial report, in 2016 and 2017, the operating income of the Western Superconductor was 967 million yuan and 948 million yuan respectively; the net profit of the mother was 162 million yuan and 151 million yuan. In the first three quarters of 2018, the total sales of the Western Superconductor reached 746 million yuan, and the net profit attributable to the mother was 96.686 million yuan.

Due to the planning and transfer of the listing, the western superconducting stock has been suspended from February 20, 2019. According to Wind data, before the stock was suspended, the total market value of the western superconductor was 4.848 billion yuan.