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Shichuang Energy is impacting the Science and Technology Innovation Board. The gross margin of the main business is declining year by year, and export revenue is at risk

$Tesla (TSLA.US)$ According to public information, the Science and Technology Innovation Board Listing Committee is scheduled to hold the 105th Listing Committee Review Meeting in 2022 at 9:00 a.m. on December 7, 2022 to review the initial issue of Changzhou Shichuang Energy Co., Ltd. (hereinafter referred to as “Shichuang Energy”). The sponsor is Huatai United Securities.
Shichuang Energy has successively launched three major products: photovoltaic wet process accessories, photovoltaic equipment, and photovoltaic cells. It is mainly engaged in R&D, production and sales of related products.
As of the date the prospectus was signed, Shichuang Investment held 39.71% of the company's shares and was the controlling shareholder of the company; Fu Liming held 65.00% of the shares in Sicheng Investment and was the actual controller of Shichuang Investment; held 16.48% of Huzhou Sicheng's investment share and acted as an executive partner; and the Huzhou Sicheng partnership agreement stipulated that the executive partner executed the partnership. No special agreement had been made on important decisions and was the actual controller of Huzhou Sicheng. Fu Liming controlled a total of 77.83% of the company's shares through Shichuang Investment and Huzhou Sicheng, and is the actual controller of the company.
Shichuang Energy is impacting the Science and Technology Innovation Board. The gross margin of the main business is declining year by year, and export revenue i...
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