CSC(601066) Zheng Quan Zhi Xing·2025-06-12 13:15Core Viewpoint - The document outlines the underwriting and issuance process for Ningxia Yinglite Chemical Co., Ltd.'s stock issuance to specific investors, detailing the roles of the underwriters and the company's compliance with relevant regulations [1][18]. Group 1: Issuer Information - Ningxia Yinglite Chemical Co., Ltd. was established in November 1996 and is listed on the Shenzhen Stock Exchange under the stock code 000635 [5]. - The company has a registered capital of 303,486,737 RMB and operates in the chemical production sector, including hazardous chemicals and general chemical products [6][7]. Group 2: Underwriter Details - CITIC Securities is the underwriter for this issuance, with Yang Xuele and Xu Xingwen designated as the lead underwriters, both having extensive experience in managing public offerings [3][4]. - The underwriting team has a strong track record, having previously managed significant IPOs and private placements [3][4]. Group 3: Issuance Details - The issuance involves offering A-shares to no more than 35 specific investors, including the controlling shareholder, Yinglite Group [14][22]. - The pricing for the shares will be based on the average stock price over the 20 trading days prior to the issuance date, ensuring it does not fall below the net asset value per share [22]. Group 4: Financial Performance - As of March 31, 2025, the total assets of the company were reported at 266,184.15 million RMB, with total liabilities of 164,021.86 million RMB, indicating a debt ratio of approximately 61.62% [9][10]. - The company reported a net profit of -8,223.50 million RMB for the first quarter of 2025, reflecting ongoing financial challenges [10]. Group 5: Compliance and Governance - The underwriting process has undergone rigorous internal review and compliance checks, ensuring adherence to the Company Law and Securities Law of the People's Republic of China [11][15]. - The underwriter has committed to maintaining transparency and integrity throughout the issuance process, with no conflicts of interest identified [11][16].