2023年3月15日，来自四川成都的四川沁弘企业管理有限责任公司的实质控股股东QINHONG INTERNATIONAL GROUP(以下简称：沁宏国际)在美国证监会(SEC)提交更新后的招股书，拟在美国纳斯达克上市，其股票代码为 QHI 。披露显示，其最早于2019年12月6日在SEC秘密递表。
沁宏国际，拟以每股4.00至4.50美元发行375万股普通股，募资或达1,687.50万美元。
沁宏国际，来自四川成都，成立于2017年，作为一家新兴的金融便利化和转介服务提供商，主要为客户(主要是中小企业和金融机构)提供与RTPs(票据、应收账款和其他收款权)货币化相关的各种服务。
公司建立了一个由中小企业、商业银行、保理公司和其他金融机构组成的网络，能够有效和高效地帮助公司的中小企业客户通过处置他们的RTP以更低的成本获得更多的现金流，并协助公司的金融机构客户通过推荐具有RTP 融资要求的中小企业寻找具有吸引力回报的多元化投资机会。
公司收取便利和转介服务的服务费，对于中小企业客户，一般为 RTPs面值的0.2\%至 0.3\%，对于金融机构客户，为 RTPs转账收益的0.1\%-3\%。
股东架构
招股书显示，沁宏在上市前的股东架构中，
蒋旭Xu Jiang，其通过Conor Capital Holdings持有67.0\%的股权；
黄素成Sucheng Huang，其通过Rain Capital Holdings持有23.2\%的股权 。
公司架构
招股书显示，沁宏的公司架构如下：
Mr. Xu Jiang has served as our Chief Executive Office and Chairman since July 1, 2019. Since July 2019, he has also served as Chief Executive Officer of QinHong Technology, overseeing its overall operations. He was Chief Executive Officer of QinHong Management from May 2017 to June 2019. From March 2014 to April 2017, Mr. Jiang was the general manager of Nanchong Branch Company of Shenzhen Jiufu Chaoneng Financial Services Co., Ltd., a consumer finance service provider in China, responsible for making and implementing company strategies and plans. From May 2013 to January 2014, he served as general manager of Shenzhen Huixiang Financial Services Co., Ltd. (Dazhou Branch Company), where he was in charge of making company strategies, operation, marketing and project management planning and managing company operations. He received an associate’s degree in business management from the Open University of China. Mr. Jiang is well qualified to serve on our board of directors due to his significant experience in consumer finance and business operations.
Ms. Yao Liu has served as our Chief Financial Officer since July 8, 2019. She has also served as the Chief Financial Officer of QinHong Technology since July 2019. Prior to joining us, she worked as an auditor at Sichuan Huaxin (Group) CPA Firm, an audit and consulting service firm in China, from July 2015 to June 2018, where she participated in the audit of private and public companies. She received bachelor’s degrees in financial mathematics from Southwestern University of Finance and Economics in China.
Ms. Sucheng Huang has served as our director since September 2, 2019 and Chief Risk Management Officer of QinHong Technology, overseeing our risk management department, since July 1, 2019. She is also the legal representative and general manager of Sichuan Lianchuang Limin Technology Co., Ltd., a company engaged in software design and development. From October 2016 to April 2017, Ms. Huang worked at Sichuan Tianfu Bank, where she was promoted to the general manager position, in charge of customer development and service. She received her bachelor’s degree in pharmaceutical engineering from Southwestern University of Technology in China. Ms. Huang is well qualified to serve on our board of directors due to her experience in consumer businesses and business operations.
Mr. Long Yi has served as our director since October 25, 2019. He served as chief executive officer of Urban Tea Inc. (formerly Delta Technology Holdings Limited) (Nasdaq: MYT), a premier retailer of specialty teas and baked goods in China, since January 2018 and a director of Urban Tea Inc. from March 2019 to March 2021. Mr. Yi was the chief financial officer of iFresh, Inc. (Nasdaq: IFMK), an Asian American grocery supermarket chain, from January 2019 to December 2019. Prior to that, he served as the chief financial officer and director of China Bat Group Inc. (formerly China Commercial Credit, Inc.) (Nasdaq: GLG) (“GLG”), an emerging used luxurious car rental service provider headquartered in Beijing, China, from January 2013 to January 2018. Mr. Yi acted as the interim chief executive officer of GLG between August 21, 2014 and December 29, 2014 and served as a director of GLG from June 12, 2015 to January 2019. From June 2010 to November 11, 2012, he was the senior financial manager at AEM Technology (Suzhou) Co., Ltd., a manufacturing company. From May 2008 to May 2010 Mr. Yi was the financial manager of Sutor Technology Group Ltd., one of the leading China-based manufacturers and customized service providers for fine finished steel products used by a variety of downstream applications. He served as an accounting manager at Forterra Inc. in Canada, a manufacturing company, from April 2005 to April 2008. He is a Certified Public Accountant in the State of Illinois. Mr. Yi has a bachelor’s degree in accounting from Northeastern University in China and a master’s degree in accounting and finance from University of Rotterdam. He also obtained a master’s degree in accounting from McGill University. Mr. Yi is well qualified to serve on our board of directors due to his significant experience in finance and accounting.
Mr. Yong Hu has served as our director since October 25, 2019. Mr. Hu is the general manager of Yicheng Financial Leasing Co., Ltd., a company engaged in the business of financial leasing and automotive financing and leasing in China, since August 2019. Prior to that, he served as the assistant to chief executive officer of Sichuan Senmiao Ronglian Technology Co., Ltd., an internet finance company, from April 2016 to July 2019. From November 2011 to March 2016, Mr. Hu served as the general manager of business department at Chengdu Hongsen Financial Guarantee Co., Ltd., a provider of financial guarantee and lending services and from July2008 to October 2011, he served as the assistant to general manager at Sichuan Chuangye Financial Guarantee Co., Ltd., a financial guarantee company. From February 2006 to June 2008, Mr. Hu was the customer service manager at Chengdu Bank (formerly Chengdu City Commercial Bank) (Xindu Branch). Mr. Hu received a bachelor’s degree in education technology from Leshan Normal University and a master’s degree in quantitative economics from Southwestern University of Finance and Economics. Mr. Hu is well qualified to serve on our board of directors due to his significant experience in consumer finance industry.
Mr. Ling Shen has served as our director since October 25, 2019. Mr. Shen is a PRC licensed attorney and has been working at Sichuan Jinglun Law Firm since July 2017. His practice areas include corporate law, civil and criminal litigation and arbitration. From September 2015 to June 2018, Mr. Shen was an apprentice lawyer at Sichuan Mingju Law Firm. He received a bachelor of engineering in electrical engineering from Beijing Jiaotong University and a master of engineering in electrical and computer engineering from New York University. Mr. Shen is well qualified to serve on our board of directors due to his significant legal experience.
公司业绩
招股书显示，在过去的2021财年、2022财年(财政年度截止日期为6月30日)，沁宏的收入分别为213.25万、143.78万美元，相应的净利润分别为167.24万、114.10万美元。
中介机构
沁宏是次IPO的的中介团队主要有：The Benchmark Company LLC、Axiom Capital Management, Inc.为其联席承销商；Wei, Wei & Co., LLP为其审计师；北京道可特、Ellenoff Grossman & Schole LLP分别为其公司中国律师、公司美国律师； ArentFox Schiff LLP为其承销商美国律师。
香港 IPO中介机构排行榜 (过去两年：2021年&2022年)
2022年香港IPO市场：上市90家，募资1046亿，破发59\%，退市64家