300022SZSE

Huayuan Securities Co., Ltd. on the Listing Sponsorship Letter for Gifore Agricultural Science & Technology Service Co., Ltd.'s 2025 Private Placement

✨ AI Summary

Huayuan Securities Co., Ltd. has issued a sponsorship letter for Gifore Agricultural Science & Technology Service Co., Ltd.'s plan to issue shares to specific investors in 2025. The company aims to raise up to approximately 612 million RMB to enhance its working capital. Key financial figures indicate a stable revenue stream, although risks related to market competition and financial performance fluctuations are noted.

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Full Translation

AI Translation· azure_openai

I. Basic Information of the Issuer

(1) Basic Information

  • Company Name: Gifore Agricultural Science & Technology Service Co., Ltd.
  • English Name: Gifore Agricultural Science & Technology Service Co., Ltd.
  • Stock Abbreviation: Gifore Technology
  • Stock Code: 300022
  • Listing Location: Shenzhen Stock Exchange
  • Listing Date: October 30, 2009
  • Registered Address: No. 219, North 2nd Road, Port Tong, Chengdu Modern Industrial Port, Pidu District, Chengdu
  • Legal Representative: Tian Gangqiang
  • Board Secretary: Liang Yan
  • Registered Capital: 494.24038 million RMB
  • Office Address: No. 219, North 2nd Road, Port Tong, Chengdu Modern Industrial Port, Pidu District, Chengdu
  • Company Phone: 028-87868752
  • Company Fax: 028-87868752
  • Company Website: http://www.gifore.com
  • Email: office@gifore.com
  • Business Scope: General projects include technical services, technical development, technical consulting, technical exchanges, technology transfer, technology promotion; agricultural machinery manufacturing; processing of mechanical parts; sales of agricultural machinery; sales of agricultural machinery parts; sales of mechanical equipment; sales of automobiles; retail of auto parts; sales of agricultural products; import and export of goods; general goods warehousing services (excluding projects requiring permits for hazardous chemicals, etc.); loading and unloading; domestic freight forwarding; sales of intelligent unmanned aerial vehicles; manufacturing of intelligent unmanned aerial vehicles; information system integration services; online energy monitoring technology research and development; public safety management consulting services; machinery equipment leasing; big data services; crop pest control services; sales of optical instruments; sales of cameras and equipment; sales of electronic special equipment; software sales. (Except for projects that require approval according to law, business activities can be carried out independently with a business license)
  • Permitted Projects: General aviation services; construction engineering construction; surveying and mapping services; urban distribution transportation services (excluding hazardous goods); civil aircraft pilot training. (Projects requiring approval can only be carried out after approval by relevant departments, and specific business projects are subject to the approval documents or permits of relevant departments)

(2) Main Business of the Issuer

The issuer was established in December 1994 and began operations in 1998 by distributing agricultural machinery through a chain operation model. It was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in October 2009, being the only listed company in China's agricultural machinery circulation industry. With an industry-leading operational management model and unique corporate culture, the issuer has obtained distribution authorization for nearly 200 agricultural machinery brands, covering 14 major categories and over 200 types of agricultural machinery. The issuer has established over 100 directly-operated chain stores nationwide, covering 20 provinces (municipalities and autonomous regions). To enrich its business structure and enhance profitability, the company acquired 85% of Jilin Kangda and 41% of Ningxia Gifore in November 2015 through share issuance. The acquired companies are engaged in the production and circulation of specialized agricultural machinery, with Jilin Kangda's core product being no-till seeding machinery. This transaction did not lead to significant changes in the company's main business. The issuer has developed into a provider of comprehensive mechanization solutions for agricultural production, integrating agricultural machinery circulation and specialized agricultural machinery manufacturing. The company has been recognized as a "National Leading Enterprise in Agricultural Industrialization" for several consecutive years and serves as the vice president unit of the China Agricultural Mechanization Association and the China Agricultural Machinery Circulation Association. In 2025, it was awarded the title of "Practitioner of New Agricultural Productivity," and its modern agricultural industrial park model was promoted by the Ministry of Agriculture and Rural Affairs. During the reporting period, the issuer mainly engaged in agricultural machinery circulation and manufacturing, with no significant changes.

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