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After nearly a year of unsuccessful registration submission, Guqi Velvet Material IPO was questioned whether there was extracorporeal capital circulation

2024-08-18

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Li Lan, Rui FinanceOn August 16, Anhui Guqi Velvet Materials Co., Ltd. (hereinafter referred to as "Guqi Velvet Materials") updated and submitted relevant financial information on the Shenzhen Stock Exchange Main Board. The sponsor was Guosen Securities Co., Ltd., the sponsor representatives were Mou Yingyan and Tai Guoqiang, and the accounting firm was Dahua Certified Public Accountants (Special General Partnership).

According to investigation, on March 1, 2023, Guqi Velvet Materials' IPO on the Shenzhen Stock Exchange's main board was accepted; on March 28, it was inquired; on August 28, Guqi Velvet Materials submitted its registration.

Founded in 2001, Guqi Down Materials is a down products company with down materials as its core. It is mainly engaged in the research and development, production and sales of high-specification down products. The company's main products are goose down and duck down, and the products are mainly used in clothing, bedding and other down products.

From 2020 to 2022 and from January to June 2023, the operating income of Guqi Wool Materials was RMB 444 million, RMB 596 million, RMB 667 million and RMB 345 million respectively; the net profit was RMB 53.9933 million, RMB 76.8124 million, RMB 97.0130 million and RMB 53.1484 million respectively.