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泰和科技IPO面临绿色障碍

2017-09-18 09:01:41   中国经济网

对于处理和整改情况,《公开情况》中介绍,枣庄市市中区已在8月下旬成立信访积案化解攻坚小组,引导双方协商解决,若协商解决无果,将引导双方通过司法程序进行解决。未来,泰和科技或将面临法律风险。

业绩存下滑风险

据招股书披露,2014年-2016年及2017年1-6月,泰和科技实现营业收入9.09亿元、9.01亿元、8.97亿元和5.02亿元,同期净利润为6695.72万元、4571.07万元、6686.96万元和2911.53万元。

数据显示,报告期内,泰和科技的营业收入连年持续下滑。对此,泰和科技指出:“主要是由于受到宏观经济景气程度的影响。”

泰和科技表示,近年来,国民经济增长速度出现一定程度下滑,水处理药剂终端客户钢铁、化工、电力等行业的景气度出现周期性下降,未来可能带来水处理现场服务需求的下降,造成水处理药剂需求的降低,从而对该公司盈利能力产生一定的不利影响,未来存在业绩下滑的风险。

另外,值得一提的是,泰和科技出口美国的产品将被征收反倾销和反补贴税。

据记者了解,2016年3月,美国国际贸易委员会宣布受理原告Compass Chemical International LLC提出的损害威胁调查。原告认为中国HEDP(羟基乙叉二膦酸液体)产品以低于正常价格在美国市场销售,同时存在相应的政府补贴,进而对美国HEDP产业造成了实质性损害威胁。

2017年3月21日,美国商务部宣布终裁结果,泰和科技出口美国的涉案产品将被征收167.58%的反倾销税和2.4%的反补贴税;2017年4月,美国国际贸易委员会表决判定损害成立。

TechSci Research数据显示,美国已经成为全球水处理药剂的最大销售市场,2015年占全球市场总份额的19.83%。泰和科技也是看准了美国市场的庞大,积极做了销售布局。

2015年9月,泰和科技整体收购TAICO,作为公司在美国的贸易平台。数据表明,HEDP是公司在美国销售的主要水处理药剂,2016年的销售金额达到773.37万元,占TAICO在美销售总额的26.28%。

值得注意的是,2017年上半年,TAICO在美国销售HEDP的数量急剧下降。受美国反倾销、反补贴裁定的影响,未来泰和科技对美国市场的开拓将存在难度。

“美国或许仅为一个开端,欧洲等公司的外销市场未来同样存在‘双反风险’,泰和科技的海外市场拓展或受限。”一位业内人士对记者表达出他的担心。

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