Marco Polo is the first company to participate after the promulgation of the new rules for issuance and listingscratchmitu, the market's attention is highly focused. Restricted by the downward adjustment in the real estate market in recent years, the company's performance has declined year after year.
On May 16, the results of the listing committee meeting released by the Shenzhen Stock Exchange showed that the initial launch of Marco Polo Holdings Co., Ltd. was suspended from review.
Marco Polo is the first company to participate in the conference after the promulgation of the new rules on issuance and listing, and the market's attention is highly focused.
On April 30, the Shenzhen and Shanghai Stock Exchange officially issued the revised "Stock Listing Rules" and "Stock Issuance and Listing Review Rules" and other business rules to improve the financial conditions for listing of each sector and further clarify the positioning requirements for sectors.
On May 10, the Shenzhen Stock Exchange announced that the Listing Review Committee is scheduled to hold the 9th Listing Review Committee review meeting in 2024 on May 16, 2024 to review Marco Polo's initial application. Information displayed on the Shenzhen Stock Exchange website shows that Marco Polo's application for listing on the main board of the Shenzhen Stock Exchange was accepted on March 2, 2023, with an estimated financing amount of 31scratchmitu.579.3 billion yuan.
According to public information, Marco Polo is one of the well-known manufacturers and sellers of building ceramics in China. However, due to the downward adjustment in the real estate market in recent years, the company's performance has declined year after year.
In 2022, Marco Polo's operating income will fall by 7.52% year-on-year, and net profit will fall by 8.40%; in 2023, Marco Polo's operating income will increase slightly, but attributable net profit will further decline to 1.353 billion yuan, down 11% year-on-year. In the first quarter of this year, Marco Polo achieved operating income of 1.313 billion yuan, a year-on-year decrease of 16.01%; attributable net profit was 197 million yuan, a year-on-year decrease of 16.03%, and the decline further widened.
In this regard, during the exchange inquiry, the exchange asked Marco Polo to analyze the stability of operating results and whether there was a risk of continued decline or significant decline in performance; explain whether the continued growth of operating income was consistent with comparable companies in the same industry, and analyze future development Space and sustainability.