The IPO of Jiangsu Zhongheng Pet Products Co., Ltd. (referred to as "Zhongheng Pet") was terminated a few days ago.

Zhongheng Pets submitted its prospectus on December 31, 2021, and terminated it on January 17, 2022, which took less than one month.

Zhongheng Pet once planned to raise 480 million yuan, of which 213 million yuan will be used for a new project with an annual output of 800 million pieces of pet hygiene products, and 170 million yuan will be used for a new project with an annual output of 8 million sets of pet household products. project, 45.42 million yuan will be used for new R&D and design center projects, and 50 million yuan will be used for supplementing working capital projects.

The half-year revenue is 550 million

Zhongheng Pet has always focused on the pet industry. It is a high-tech enterprise specializing in the design, research and development, production and sales of pet products. Its main products include pet hygiene and cleaning products, pet home and leisure products, etc. It has comprehensive supply capabilities in multiple categories in the field of pet products.

Zhongheng Pet has formed a rich and diversified product system focusing on daily activities such as pet hygiene and cleaning, household meals, entertainment and leisure, outdoor travel, etc., and established a sales network covering domestic and overseas, online and offline. Establish stable strategic cooperative relationships with PETSMART, Amazon, Wal-Mart, CENTRALGARDEN, CHEWY, PETCO and other companies.

The prospectus shows that Zhongheng Pet’s revenue in 2018, 2019 and 2020 was 855 million yuan, 962 million yuan and 1.068 billion yuan respectively; its net profits were -2.522 million yuan and 34.19 million yuan respectively. , 94.266 million yuan; net profits after deducting non-profit items were -15.2 million yuan, 42.8 million yuan, and 91.35 million yuan respectively.

Zhongheng Pet’s revenue in the first half of 2021 was 550 million yuan, and its net profit was 35.4855 million yuan; the net profit after non-deduction was 30.93 million yuan.

At the end of each reporting period, the book value of the company's accounts receivable was 187 million yuan, 197 million yuan, 255 million yuan and 228 million yuan respectively. The proportion of the book value of accounts receivable to total assets was 24.58%. %, 22.42%, 24.00% and 20.85%.

Dachen and Zhenghedao are shareholders

Before the IPO, Qiu Bin held 41.6597% of the shares and was the company’s controlling shareholder and actual controller.

Gaotou Kedai He Yida has become a fund under the same control, holding a total of 4.16 million shares of Zhongheng Pet, with a shareholding ratio of 6.6699%; Dachen Chuangfeng directly holds 3.24648 million shares of Zhongheng Pet, with a shareholding ratio of 5.2052%.

Meng Qingyou holds 4.98% of the shares, Shanghai Mingyao holds 4.6304% of the shares, Zhao Xiaokang holds 4.4893% of the shares, Shandong Jiang Yi holds 3.2067% of the shares, Zhenghe Island holds 2.9501% of the shares, China and South Korea Chenhui The shareholding is 2.886%.

After the IPO, Qiu Bin held 31.2448% of the shares, Dachen Chuangfeng held 3.9039% of the shares, Meng Qingyou held 3.735% of the shares, Shanghai Mingyao held 3.4728% of the shares, and Zhao Xiaokang held 3.4728% of the shares. 3.367%;

Gaotou Kedai holds 2.5974%, Yida Growth holds 2.405%, Shandong Jiangyi holds 2.405%, Zhenghe Island holds 2.2126%, and China and South Korea Chenhui hold shares is 2.1645%.