A summary of the collection

There are eight service centers set up in China's main coal trading ports to provide services for customers. these services mainly include (1) testing services (providing coal quantity guarantee), (2) customization services (ensuring that the amount of coal complies with the provisions of the contract) and (3) certification and assistance services (avoiding irregular or regular events in the process of coal inspection and transportation). And ensure that the weight or cargo conditions of the coal transported by the road, train or transmission conforms to the stipulations of the contract.

Jishi signs its inspection and inspection reports under the brand name of "Xia Liqian", which is a recognized and reliable brand among coal trading participants. The bazaar is also one of the independent insurance suppliers held by China's import and export commodity inspection institutions, which are qualified, certified by the laboratory and approved by the inspection organs.

Industry summary

According to the forward-looking report, despite the release of coal demand and the decline in coal production in recent years, China's coal inspection and inspection industry income continues to grow. The size of China's coal inspection and inspection increased from 247 million yuan in 2010 to 826 million yuan in 2015, with a combined annual growth rate of 27.4 percent. During the period, the amount of coal subject to inspection and inspection also increased from 380 million tons to 840 million tons, with a combined annual growth rate of 17.2 percent.

Cymbals

The Consortium provides coal inspection and inspection services to participants in the coal industry (mainly coal developers, coal distributors and power companies), so the service demand of the collector is affected by the amount of coal consumption. If any measures are introduced to reduce the share of coal in China's energy structure or to control indoor emissions, it is possible to reduce coal consumption, affect the service demand of collectives, and adversely affect the competitiveness of collectives.

Valuation

According to the IPO documents, assuming that the global development sale was completed on December 31, 2015, according to the expected development of 4 shares after the completion of the sale of long-term shares, shares should account for 180 million to 150 million yuan per person in the non-profit-making integrated tangible assets area. Equivalent to HK $0.32 to HK $0.45 per share after untested tangible assets (at the exchange rate of HK $0.8468 to HK $1.00).