A-share subscription | Down jacket manufacturer GUQI has opened for subscription and established partnerships with Semir Apparel and others

GUQI started its subscription on May 19, with an issuance price of 12.08 yuan per share and a subscription limit of 20,000 shares, with a price-to-earnings ratio of 14.65 times. The company focuses on the research, development, production, and sales of high-specification down products and has established cooperative relationships with several clients, including Semir Apparel. In 2020, the company increased its production lines to meet growing demand, but due to the impact of the pandemic, the capacity utilization rate decreased in the first half of 2022. The company warns of the risk of insufficient working capital, with net cash flow from operating activities being negative for multiple periods