The leading tool of the diamond tool industry, Boshen Tools, initial public offering of shares
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(I) Ways of setting up the issuer On June 5, 2007, the shareholder meeting of Shijiazhuang Boshen Tools Group Co., Ltd. (hereinafter referred to as "Shijiazhuang Boshen") made a resolution agreeing that Shijiazhuang Boshen was changed from a limited liability company to a joint stock limited company. On June 12, 2007, all shareholders of Shijiazhuang Boshen signed the “Initiator Agreement†and agreed to verify the net assets as of December 31, 2006 by Zhongqin Wanxin Certified Public Accountants Co., Ltd. 171,816,805. Based on the 44 yuan (number of parent companies), it is converted into 130,000,000 shares at a ratio of 1:0.7566, and Shijiazhuang Boshen is changed into a joint stock company. The company was incorporated in the Hebei Provincial Administration for Industry and Commerce on June 28, 2007, and received the Business License of Enterprise Legal Person (Registration No. 130000000000262) with a registered capital of RMB 130 million.
(II) Contents of the promoters and their invested assets The promoters of the company were all shareholders of Shijiazhuang Boshen when the company was changed from a limited liability company to a joint stock limited company, including 46 natural persons including Chen Huairong, Lv Guiqin, Ren Jingjian, Cheng Hui and Zhang Shuyu.
The company was established by Shijiazhuang Boshen as a whole change in net assets. At the time of its establishment, no business, assets and personnel were divested. The assets, liabilities, institutions and personnel of the original limited liability company were inherited by the company.
â—ŽThe main business of the issuer:
(I) Main business, main products and their purposes The company's main business is the production and sales of diamond tools, small construction machinery and alloy tools.
The current main products and uses of the company are as follows:
1. Diamond circular saw blade: It is used together with angle grinder, marble machine, bench cutting machine and road cutting machine for cutting all kinds of stone, ceramic, concrete and pavement brick.
2. Diamond engineering thin-walled drill bit: used for punching various reinforced concrete, brick wall, stone, etc.
3. Diamond grinding disc: It is applied to the grinding and trimming of stone, concrete, ceramic, brick and other materials, especially for sanding concrete, pavement and wall.
4, diamond soft grinding tablets: used for all kinds of granite, marble and other stone grinding, grinding, stone crafts fine grinding, fine grinding and polishing.
5. Concrete drilling machine: used for drilling and coring on reinforced concrete, masonry buildings and pavements.
6, cutting machine: used for cutting all kinds of stone, concrete products and tiles.
7. Carbide tools: used for cutting wood, artificial boards, aluminum alloys and color steel plates.
(II) Product sales methods and channels Currently, in the domestic market and Southeast Asia market, the company uses its own brands “BOSUN†and “Boshen†to sell. The company's domestic marketing network covers 30 provinces, municipalities and autonomous regions. Established long-term and stable cooperative relations with more than 300 dealers. In the Americas, Europe and other overseas markets, the company is based on ODM. All of the company's manufacturing operations are concentrated in the headquarters of China's Shijiazhuang company, and overseas subsidiaries are not engaged in manufacturing. Most of the raw materials and spare parts required for the production of the company are purchased from China, and some high-end production equipment and raw materials are purchased from abroad. The company's sales in the Americas and Southeast Asia are specifically handled by the US subsidiary and the Singapore subsidiary; sales in Europe and other overseas markets are carried out by the company itself or in the local office in the name of the company.
(III) Main raw materials required The raw materials of the company's diamond tool products are mainly diamond, steel and metal powder; the main components of small construction machinery and equipment are motors, cast iron parts, aluminum parts, gearboxes, gears, plastic parts and electrical appliances. Parts and so on.
(IV) Competition in the industry and the competitive position of the issuer in the industry According to the statistics of the Superhard Materials Branch of the China Machine Tool Industry Association, there are thousands of diamond tool enterprises in China, with an annual sales income exceeding 10 billion. There are dozens or even hundreds of diamond tool manufacturers in Danyang, Jiangsu, Shijiazhuang in Hebei, Ezhou in Hubei, Quanzhou in Fujian, and Yunfu in Guangdong. Despite the huge capacity and broad prospects of the diamond tool market, most of China's enterprises are mainly competing in the general market. The large number of market participants and low prices have made the general market basically oversupply.
The company is a leading enterprise in China's diamond tool industry, and its domestic and international sales rank among the top in the industry. North America is the largest exporter of the company in recent years. Compared with many domestic counterparts, the company has obvious competitive advantages in the field of diamond tools.
