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Shichuang Energy is aiming to list on the Star Market, with its main business gross margin decreasing year by year and risks in foreign income

$Tesla (TSLA.US)$ Public information shows that the Sci-Tech Innovation Board Listing Committee is scheduled to hold the 105th Listing Committee Review Meeting of 2022 at 9:00 am on December 7, 2022, to review the initial public offering of Changzhou Shichuang Energy Co., Ltd. (hereinafter referred to as "Shichuang Energy"), sponsored by Huatai United Securities.
Shichuang Energy has successively launched three main categories of products: photovoltaic wet-process auxiliary materials, photovoltaic equipment, and photovoltaic batteries, mainly engaged in the research and development, production, and sales of related products.
As of the date of the prospectus signing, Shichuang Investment holds 39.71% of the company's equity, making it the controlling shareholder of the company; Fu Liming holds 65.00% equity of Shichuang Investment and serves as an executive director and general manager, making Fu Liming the actual controller of Shichuang Investment; holding 16.48% of the capital contribution of Huzhou Sicheng and serving as an executive business partner, and the agreement of Huzhou Sicheng partner stipulates that the executive business partner will execute partnership affairs without special agreements on major decisions, making Huzhou Sicheng the actual controller. Fu Liming controls 77.83% of the company's equity through Shichuang Investment and Huzhou Sicheng, making him the actual controller of the company.
Shichuang Energy is aiming to list on the Star Market, with its main business gross margin decreasing year by year and risks in foreign income
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