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云克隆“带病”IPO:产品类型过于单一 保荐人能力被质疑

2017-09-19 18:06:56   中国经济网

Prassas博士这才意识到失败的因素是一支包含在CUZD1 ELISA试剂盒中的抗体。

文章称,这种特异性直接导致了ELISA实验结果的巨大偏差,从而造成了该研究项目的接连失败。因此,Ioannis

Prassas博士在文章中将矛头直接指向试剂盒产品的供应商USCN Life Sciences(即云克隆公司前身武汉优而生)。

 毛利率远超同行公司 可比肩贵州茅台

科研用检测试剂属于高科技、高附加值的产品,行业整体利润水平较高。云克隆的毛利率不仅超过同行公司,也超过国内相近的上市公司大截。

招股书显示,2014年至今年上半年,云克隆主营业务毛利率分别为81.70%、87.86%、91.08%和91.00%。而科研用检测试剂行业主要境外上市公司2016年的平均毛利率水平为55.67%。

国外同行公司毛利率情况

云克隆称,技术水平高、行业内知名度高、产品品种丰富、产品渠道丰富的企业具备较强竞争优势,拥有较高的利润水平。不具备竞争优势的企业的利润水平较低。

国内相近业务上市公司毛利率情况

招股书表示,目前国内尚无专门生产科研用检测试剂的上市公司。根据公司产品特点,选取“医药制造业”行业中与免疫学相关上市公司选定可比上市公司。可以看出,2014年-2016年,可比上市公司的综合毛利率水平普遍较高,但云克隆与可比上市公司的综合毛利率平均水平更高。

 申报材料存明显差错 保荐机构能力被发审委质疑

在证监会给予云克隆的反馈意见中,就指出发行人申报材料存在明显差错。申请文件中《武汉云克隆科技股份有限公司关于公司设立以来股本演变情况的说明及其董事、监事、高级管理人员的确认意见》的实际内容为公司章程。

为此,要求云克隆、中介机构说明出现上述差错的原因,保荐机构是否勤勉尽责、是否切实履行保荐职责,并要求说明保荐代表人是否具备专业胜任能力。

此外,据媒体报道,云克隆同一份招股书中财务数据的还存在前后不一的情况。云克隆在招股书73页披露了主营业务收入的构成情况,在282页披露了主要产品销售占营收比例情况。

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