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福日电子前董事长李运武旗下的「城道通环保」,在美国递交招股书,拟纳斯达克 IPO上市

Ryanben Capital 瑞恩资本RyanbenCapital 2024-02-17

2023年2月24日,来自深圳的深圳市城道通环保科技有限公司的实质控股股东CDT Environmental Technology Investment Holdings Limited(以下简称“城道通”)向美国证监会(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“ CDTG”。 其早于2019年11月15日在SEC秘密递表,于2021年1月15日公开披露招股书。

城道通,拟以每股4美元发行307万股普通股,募资1,228万美元。

城道通环保招股书链接:
https://www.sec.gov/Archives/edgar/data/1793895/000173112223000262/e4431_f-1a8.htm


主要业务


城道通,作为一家废物处理公司,主要通过污水处理系统的设计、开发、制造、销售、安装、运行和维护及提供污水处理服务来产生收入。
  
城道通主要从事两块业务:农村污水处理、化粪池处理。
对于农村污水处理,主要销售全套污水处理系统、建设农村污水处理站、安装系统、并为市政部门和企业客户提供持续运行和维护服务。
对于化粪池处理,主要为市政部门、住宅和商业物业管理公司提供现场或就地化粪池处理服务。


城道通,拥有专有的系统和技术,以及在废物处理服务方面的经验和专业知识,特别是在农村污水处理和化粪池处理方面。截至2022年12月31日,公司拥有发明专利2项、实用新型专利37项、商标3项、计算机软件著作权2项。


股东架构
招股书显示,城道通在上市前的股东架构中,
李运武Li Yunwu通过CDT Environmental Technology Holdings持股49.72%;
Lin Wan Qaing通过Venture Million Limited 持股11.20%;
Chen Zuoning通过Luo Jia Holdings Limited持股8.10%;
Fai Tung通过Wisdom Latch Limited持股5.81%;
Lin Ruiping通过Juncheng International Corporation持股5.67%。


公司架构
招股书显示,城道通的公司架构如下:



管理层
招股书显示,城道通的管理层如下:

Yunwu Li has served as a member of our board of directors since November 2016, as chairman of our board of directors since January 2020, as our chief executive officer since September 2019, and as chairman of the board of directors and general manager of Shenzhen CDT Environmental Technology Co., Ltd., our subsidiary, since June 2015. From 1987 to 1996, Mr. Li served as general manager of Fujian Optical Instrument Co., Ltd., a company that specializes in manufacture of optical instruments, and has extensive management experience in the research and development, manufacture, and processing of optical instruments, communicational devices, and environmental protection equipment. From July 1999 to November 2003, Mr. Li served as chairman of the board of directors of Fujian Furi Electronics Co., Ltd. (Ticker: 600203), a company listed on the Shanghai Stock Exchange that specializes in manufacture and sales of electronic components. During his term of service, Mr. Li obtained extensive experience in general management, investments and operations. From March 2007 to May 2015, Mr. Li served as chairman of the board of directors and general manager of Beijing Xinyuan Shidai Real Estate Development Co., Ltd., a company that develops and manages large scale real estate projects in China. During such time, Mr. Li was also involved in the investment in, and served as a consultant to, environmental protection companies. From March 2013 to May 2015, Mr. Li served as a consultant to Shenzhen CDT Environmental Technology Co., Ltd. Mr. Li is also the director of CDT Environmental Technology Holdings Limited, one of our principal shareholders. Mr. Li received a MBA degree from The Open University of Hong Kong. We believe Mr. Li’s extensive experience qualifies him to serve on our board of directors.

 

Tiefeng Wang has served as our chief financial officer since November 2019. From January 2010 to July 2012, Mr. Wang served as an investment manager of Zhejiang Feida Environmental Science & Technology Co., Ltd. (Ticker: 600526), a company listed on the Shanghai Stock Exchange that specializes in emission control. From August 2012 to May 2015, Mr. Wang served as an audit manager of Zhejiang Weining Asset Appraisal Office. From May 2015 to November 2019, Mr. Wang served as a financial controller of Xingyuan Environment Technology Co., Ltd. (Ticker: 300266), a company listed on the Growth Enterprise Market of the Shenzhen Stock Exchange that specializes in comprehensive environmental services. Mr. Wang is a certified public accountant in China. Mr. Wang received a Bachelor’s Degree in Industry and Business Administration from Hebei University of Geosciences. 


 

Zijiang Liu has served as our chief technology officer and vice president since September 2019 and as chief technology officer and vice president of septic tank treatment of Shenzhen CDT Environmental Technology Co., Ltd. since November 2015. From April 2006 to November 2015, Mr. Liu served as Engineer of Volvo (China) Investment Co., Ltd., a company that specializes in manufacture of automobiles and engines, where Mr. Liu was responsible for the design and modification of equipment to meet market demand. Mr. Liu has profound theoretical knowledge and practical experience in mechanical structure design, quality analysis and solutions. Mr. Liu received a Bachelor’s Degree in Automotive Design from Xi'an Highway Communication University.

 

Jianfei Yu has served as our vice president since September 2019 and as the vice president of rural sewage treatment of Shenzhen CDT Environmental Technology Co., Ltd. since November 2017. Mr. Yu has over 10 years of experience serving in various roles at environmental protection companies. From January 2016 to June 2017, Mr. Yu served as general manager and chief engineer of Jinhua Shunhong Environmental Protection Technology Co., Ltd., an environmental protection company. From June 2007 to April 2015, Mr. Yu served multiple roles in four environmental protection companies, including as general manager and chief engineer of Jinhua Juchuan Environmental Protection Technology Co., Ltd., engineering manager of Zhejiang Liuyuan Environmental Technology Co., Ltd., project manager of Lvdi Environmental Technology Co, Ltd., and technological director of Tongkun Group Co., Ltd. Mr. Yu has extensive experience in project management and implementation, including early-stage negotiation, composition of project proposals, design of construction drawing, design of non-standard equipment, instruction of manufacture and installation of equipment, and testing and commissioning of equipment. Mr. Yu received a Bachelor’s Degree in Environmental Engineering from Sanxia University.

 

Yuntao Guan has served as our chief scientist since September 2019 and as a consultant to Shenzhen CDT Environmental Technology Co., Ltd. since January 2019. Mr. Guan has also served as professor, doctoral supervisor and director of the Institute of Environment of Shenzhen Graduate School of Tsinghua University since December 2010. Mr. Guan has not only accomplished breakthroughs in quick separation technology, but has also conducted research of other water treatment technologies, such as MBR. Mr. Guan is also the vice director of the National Environmental Protection Environmental Microorganisms Usage and Safety Control Key Lab and the director of Municipal Water Circulation and Water Environment Safety Assurance Engineering and Technology Research Center of Guangdong Province. Additionally, Mr. Guan is a part-time professor at The Queensland University of Technology in Australia and was a guest professor at Kyoto University in Japan. Mr. Guan focuses on the research of theory and technology of integrated governance and treatment of water environment, distributed wastewater treatment in rural and urban areas, non-point source pollution control, and soil recovery, and he has published over 200 academic papers on industry magazines and journals both in China and abroad. Mr. Guan was in charge of and/or participated in several water-related projects and research projects that were national, provincial and municipal level material water projects. Mr. Guan received a Ph.D. in Environmental Science and Engineering from the Department of Environment, Tsinghua University.


Lijun Cui has served as a member of our board of directors since January 2020 and as general manager of Shenzhen CDT Environmental Technology Co., Ltd. since November 2017. From August 2013 to October 2016, Mr. Cui served as general manager of Zhejiang Yong Er Jia Environmental and Technology Co., Ltd., a company that specializes in food waste treatment equipment. Mr. Cui received a Bachelor’s Degree in Business Administration from Jiangxi Normal University. We believe Mr. Cui’s extensive experience qualifies him to serve on our board of directors.




公司业绩
招股书显示,在过去的2020年、2021年和2022年前六个月,城道通的收入分别为 891.11万、2,355.68万和1,286.70万美元,相应的净利润分别为 -147.92万、677.57 万和84.28万美元



中介机构
城道通次IPO的的中介团队主要有:WestPark Capital, Inc.为其承销商; Wei, Wei & Co., LLP为其审计师;大成、高盖茨分别为其公司中国律师、公司美国律师;盛智为其承销商美国律师。



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(备注:美国SEC的招股书披露是不断更新的,最新的招股书以SEC的最近更新为准)

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