It was announced that more than a month after the announcement of the proposed capital increase of Shenzhen Yingcan Biotechnology Co., Ltd. (hereinafter referred to as Shenzhen Yingcan), the investment item of Ep (603020) was terminated.

On the evening of October 31, Aipu disclosed the announcement on the termination of the investment framework agreement. Due to the recent major policy changes in the industry's industry, comprehensive consideration Investment matters.

Back to the announcement, Aipu announced on September 20 that the company and the target company Shenzhen Yingcan, the current shareholder of the target company Shenzhen Leiyan Technology Co., Ltd., and the actual controller of the target company Gao Yuxiang signed the "Investment Framework Agreement". The method of capital increase in cash holds 51%of Shenzhen Yingcan's equity.

According to the data, Shenzhen Yingcan was established on March 20, 2021, with a registered capital of 1 million yuan. The business qualification is the "Tobacco Monopoly Manufacturer License" (atomized production enterprise). Chemical production (export). Shenzhen Leiyan Technology Co., Ltd. holds 100%equity of the target company, and Lei Yan Technology owns the "Magic Flute Moti" electronic atomization brand.

Aipu is a domestic enterprise for manufacturing spice fragrance and food ingredients. The products cover edible flavors, daily chemical flavors, spices and food ingredients. The atomiasis in electronic cigarettes is an important application area for flavors.

The third quarterly report of Aipu's 2022 showed that the company achieved revenue of 2.339 billion yuan in the first three quarters, a year -on -year decrease of 6.9%; net profit was 114 million yuan, a year -on -year decrease of 29.4%. Aipu shares said that during the reporting period, the epidemic affected sales decreased and the price of some raw materials rose, which led to a decline in gross profit.

At that time, for the signing of the investment framework agreement, Aipu said that in the future, the company will use new type of tobacco core materials as a breakthrough, strengthen product planning and market layout, increase research and development and expansion, and seize new opportunities for industry development. Accelerate the landing and upstream linkage of industrialization.

It is worth noting that the tax policy boots in the electronic cigarette industry have recently landed. On October 25, the Ministry of Finance, the General Administration of Customs, and the General Administration of Taxation issued an announcement on the consumption tax of electronic cigarettes, incorporated electronic cigarettes into the scope of consumption tax levy, and added electronic cigarettes under the purpose of smoking tax. Electronic cigarettes are calculated to calculate taxes from the price rate. The tax rate of the production (import) link is 36%, and the tax rate of the wholesale link is 11%.

Some insiders analyzed that after the implementation of new taxation standards, the electronic cigarette industry accelerated to the orderly development stage, and the upstream and downstream of the industrial chain faced reshuffle. Guosheng Securities believes that leading enterprises can rely on multiple advantages such as large -scale, automation, and strong bargaining capacity, and the impact of tax increases. As SMEs take the lead in clearing, the industry concentration is expected to continue to increase.

In response to the consumption tax of the electronic cigarette industry, Dongxing Securities Research Report pointed out that it is expected that manufacturers and brand companies will bear some tax burden and conduct part of the tax burden through price increase; Advantages, market position, technical advantages, brand power and other factors. The short -term consumption tax may affect the profitability of electronic cigarette manufacturing and brand enterprises, and the medium and long term will benefit head enterprises to increase market share.

The latest announcement of Aipu said that the termination of the company's foreign investment will not affect the company's financial conditions and operating conditions. In the future, listed companies will continue to pay attention to the development direction, policy orientation and potential business cooperation of the industry in the future. sex.