On September 14, Wrigley Home Group Co., Ltd. (hereinafter referred to as "Wrigley Home"), which is planning to be listed, released the "Initial Public Offering Stock Inquiry Results and Postponement Announcement", announcing that it was originally scheduled for September 16, 2022. Subscription has been postponed to October 14th.
The announcement shows that the sponsor (lead underwriter) of this issuance is CITIC Securities Co., Ltd. Before the issuance, the total share capital of Wrigley Home was 869,003,283 shares; 96,609,517 shares were issued to the public during this issuance. After the issuance, the company's total share capital was 965,612,800 shares. After negotiation between Wrigley Home Furnishings and the sponsor, the issuance price was set at 12.68 yuan per share.
China Ceramics Network learned that because the diluted (decreased) post-diluted (lower) audited net profit in 2021 corresponding to the issuance price of Wrigley Home Furnishings, whichever is lower before and after deducting non-recurring gains and losses, is higher than the industry’s average static price-earnings ratio in the most recent month, There is a risk that the issuer's valuation level will return to the industry's average price-to-earnings ratio in the future, and a drop in stock prices may cause losses to investors in new shares. Therefore, Wrigley Home Furnishing will postpone the online and offline subscription originally scheduled for September 16 this year to October 14 this year, and announced the postponement of the publication of the "Issuance Announcement of the Initial Public Offering of Wrigley Home Furnishing Group Co., Ltd.". The online roadshow originally scheduled for September 15 was also postponed to October 13 this year.
According to the requirements of relevant measures, Wrigley Home Furnishings and the sponsoring agency will continuously publish special announcements on investment risks in media such as China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily within three weeks before online subscription. Announcements The dates are September 15, September 22 and September 29 this year.
Wrigley Home Company is a large-scale modern manufacturing enterprise integrating R&D, production, sales and service, covering sanitary ceramics, faucet hardware, bathroom furniture, ceramic tiles, bathtubs, and customization A full range of home products such as cupboards and wardrobes. Based on the current operating conditions and market environment, Wrigley Home Furnishing is expected to achieve operating income of 533-580 million yuan from January to September 2022, a year-on-year change of -5.11%-3.26%; and achieve a net profit attributable to shareholders of the parent company of 360-420 million yuan. , a year-on-year increase of 11.03%-29.54%. It is expected that the overall performance from January to September this year will change positively year-on-year. Wrigley Home Furnishing believes that this is mainly due toThe company responded to the increase in raw materials through price policy optimization in the early stage. Since raw material prices were generally stable during the year, the gross profit margin of product sales remained at a high level.
It is reported that the funds to be raised from the listing of Wrigley Home Furnishings are mainly planned to be used for smart home product production capacity technological transformation projects, annual output of 10 million sets of faucets and 3 million sets of showerheads, and smart home research and development. Testing center technical transformation project, etc. These projects are all decisions based on the current economic situation, market environment, industry development trends and the company's actual operating conditions. They are of great significance to enriching the product structure, increasing product production capacity, improving digital management levels, and enhancing channel profitability. After the project is implemented, it will be able to further increase product market share, enhance the company's core competitiveness, and enhance its ability to withstand market risks.
