Stock Code: 300692 Stock Abbreviation: Orivie Technology
Anhui Orivie Technology Co., Ltd.
(Room 1608, Office Building 1, Zhongzheng International Plaza, No. 948 Fuyang North Road, Hefei City, Anhui Province)
Prospectus for Issuance of Shares to Specific Targets
(Registration Draft)
Sponsor (Lead Underwriter)
(No. 618 Shangcheng Road, China (Shanghai) Pilot Free Trade Zone)
July 2026
Statement
The Company and all directors and senior management guarantee that the contents of this prospectus are true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. They perform their commitments in accordance with the principle of good faith and bear corresponding legal liabilities.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting institution (accounting supervisor) guarantee that the financial and accounting reports in this prospectus are true, accurate, and complete.
Any decision or opinion made by the CSRC or the exchange regarding this issuance does not indicate their guarantee of the truthfulness, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue statement.
According to the provisions of the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Major Matters Prompt
This prompt for major matters only provides a brief summary of risk factors and other important matters that require special attention. Investors should read the full text of the prospectus before making decisions.
I. Special Risk Warnings
(I) Risk of Business Concentration in Specific Regions
The Company's main business income is relatively concentrated in Anhui and Shandong provinces. If market competition in these regions intensifies in the future or the Company fails to maintain good cooperative relations with local governments, the concentration of operations may affect the Company's profitability to a certain extent, leading to a decline in business performance. At the same time, this concentration may also hinder the Company's progress in developing business in other regions, causing adverse effects on the Company's business development.
(II) Risk of Gross Margin Fluctuations
During the reporting period, the Company's comprehensive gross margins were 44.09%, 37.62%, and 41.25%, respectively. There are differences and fluctuations across periods, mainly due to intensified industry competition, fluctuations in revenue composition, increased operation and maintenance costs for franchise projects, and high depreciation and amortization amounts before solid waste treatment volumes reach economies of scale. In the future, if there are significant adverse changes in these factors, the Company may face the risk of declining gross margins, which would adversely affect business performance.
(III) Liquidity and Debt Risk