Main date:

Public launch closing date: 12: 00 noon on April 19, 2018

Announcement application results: April 26, 2018

Listing date: April 27, 2018

The family guarantor:

Rongfang Rongji (Hong Kong) Co., Ltd.

Summary of statistics:

Total number of shares sold: 38540000 shares

Proportion of shares sold publicly: 10.0%

Sales: HK $1.74 to HK $1.90

Estimated fund collection: HK $67.06 million to HK $73.23 million

Income per hand: HK $3838.29

A summary of the collection

The market is the only energy supplier in the Tianjin Port Free Trade Zone (seaport), which produces steam, electricity, power supply and cooling. The major businesses of the collection are placing services, energy production and supply services. In terms of placement services, it is sold to the local branch of Tianjin Electric Power Company, Tianjin Electric Power Company, and then distributed and sold to customers for industrial and commercial purposes through its facilities and electronic equipment. As for energy production and supply services, centralized coal-fired coal-fired energy production houses use waste gas production technology to produce steam, while generating electricity, heating and cooling for customers. The electric power produced by the collection company will be sold to Tianjin Electric Power Company. Steam, cooling and cooling will be sold directly to industrial and commercial consumer goods in the Tianjin Port Free Trade Zone (seaport).

Industry summary

According to the Genyi Puso report, the total power consumption in Tianjin increased from 69.5 terawatt hours in 2011 to 80.8 terawatt hours in 2016, with an annual growth rate of 3.1 percent. Fire is the main mode of power generation in Tianjin. From 2011 to 2016, the electricity generated by fire production is about 60.5 TWh, equivalent to about 98.1% of the total electricity of about 61.6 TWh.

Cymbals

The collection bank relies on the customers in the Tianjin Port Free Trade Zone (seaport) for the sale of electricity, steam, heating and cooling. If customers located in the Tianjin Port Free Trade Zone (seaport) experience a substantial drop in demand for steam, electricity, power supply and cooling due to economic conditions, technological changes and other resistance, or if there are any major customers, the collection will be operated and operated.

Valuation

According to the IPO documents, assuming that the global development sale was completed on December 31, 2017, according to the expected development of 1.54 shares after the completion of the sale, shares should account for 264 million yuan to 269 million yuan per person in the untested tangible assets area. It is equivalent to HK $2.05 to HK $2.09 per share (at the exchange rate of HK $1 to HK $0.8359 per share).