The Paper reporter Tian Zhongfang

　　Chengdu Rainbow Electric (Group) Co., Ltd. (hereinafter referred to as "Rainbow Group", 003023), a manufacturer of electric blankets with 12 days and 8 boards, responded to the seven major questions raised by the Shenzhen Stock Exchange (hereinafter referred to as "Shenzhen Stock Exchange") in the letter of concern.

　　On the evening of October 13, Rainbow Group issued the "Announcement on Reply to the Shenzhen Stock Exchange's Letter of Concern", stating that the company will obtain export orders for some products in 2022, but the overall quantity is small and the amount is low.

As of the end of June, household flexible heating products such as electric blankets have achieved overseas sales revenue of 210,000 yuan.

At present, the order amount in hand is about 1.33 million yuan.

　　"At present, the company's business fundamentals have not changed significantly, the company and its holding subsidiaries are operating normally, and there is no major information that should be disclosed but not disclosed." Rainbow Group further pointed out.

　　In September, under the background of soaring energy prices due to the European energy crisis, the news that European residents purchased a large number of Chinese electric blankets, heat pumps and other products for the winter caused heated discussions.

Stimulated by the news, the share price of the electric blanket concept stock Rainbow Group continued to rise.

　　Wind data shows that since September 1, the share price of Rainbow Group has risen by 132.76%, and in the past 12 consecutive trading days, it has achieved 8 daily limits.

As the stock price has risen, the market value of Rainbow Group (total market value 1 valuation indicator, the same below) has also climbed from 1.884 billion yuan in early September to 4.423 billion yuan, a surge of 2.539 billion yuan in more than a month.

　　As of the close on October 13, Rainbow Group’s daily limit closed at 41.49 yuan per share, and its share price hit a new high since its listing.

　　Electric blankets and other heating products have an export order value of about 1.33 million yuan

　　Regarding the issue mentioned in the Shenzhen Stock Exchange's letter of concern, "the sales revenue of household flexible heating appliances related products such as electric blankets and the proportion of the company's total operating revenue at home and abroad", the Rainbow Group announced in reply: "In 2022, the company will obtain some Product export orders are generally small in quantity and low in value. As of the end of June, the overseas sales revenue of household flexible heating products such as electric blankets has reached 210,000 yuan. In addition, the current order amount in hand is about 1.33 million yuan, which together accounted for the company's total operating volume in the previous year. The revenue ratio is 0.13%." The announcement further pointed out.

　　Rainbow Group pointed out that at present, the company's business fundamentals have not changed significantly, the company and its holding subsidiaries are operating normally, and there is no major information that should be disclosed but not disclosed.

　　"At the same time, the company's shares held by the company's controlling shareholder and actual controller are currently in a locked-up state. The company's controlling shareholder and actual controller do not have plans to carry out equity transfer, asset restructuring or other matters that have a significant impact on the company. ” said the Rainbow Group announcement.

　　In addition, in response to the "whether there is a situation of hyping stock prices in line with market hot concepts" mentioned in the Shenzhen Stock Exchange's letter of concern, Rainbow Group announced that the company is accepting media interviews, institutional and investor research, and interactive trading platforms. During the phone call, there was no violation of the principles of accuracy and fairness of information disclosure, nor was there any case of hyping stock prices or misleading investors to cater to market hot concepts.

　　"All the company's directors, supervisors, senior managers and their immediate family members did not buy or sell the company's stocks during the period of abnormal fluctuations in the company's stock trading, nor did they have suspected insider trading." Rainbow Group emphasized.

　　Since September, the stock price has soared 132.76%, and the total market value has increased by 2.539 billion yuan

　　Markets are worried that Europe will survive this winter without energy as energy prices skyrocket due to the European energy crisis.

Recently, the news that European residents have purchased a large number of Chinese electric blankets, heat pumps and other products has continued to cause widespread heated discussions.

In this context, the share price of the electric blanket concept stock Rainbow Group has also continued to rise.

　　Wind data shows that on September 1, Rainbow Group’s closing price was 17.88 yuan per share.

On October 13, the closing price of Rainbow Group exceeded 40 yuan, reaching 41.99 yuan per share.

　　As the stock price skyrocketed, the market value of Rainbow Group also rose.

　　Wind data shows that on September 1, the total market value of Rainbow Group was 1.884 billion yuan.

As of the close on October 13, the total market value of Rainbow Group has climbed to 4.423 billion yuan, a surge of 2.539 billion yuan in more than a month.

　　The sharp fluctuations in the share price of Rainbow Group have also attracted regulatory attention.

On October 10, Rainbow Group announced that it had received a letter of concern from the Shenzhen Stock Exchange.

　　The announcement shows that the letter of concern requires Rainbow Group to list the company's operating income composition in the past two years, the output of related products in the past two years, and the resulting income and profits according to subdivided product types.

It is also required to supplement the sales revenue of the company's electric blankets and other household flexible heating appliances related products at home and abroad, as well as the proportion of the company's total operating revenue, in combination with the company's operating conditions and on-hand orders.

　　In addition, the letter of concern also requires that, in light of the company's revenue structure, operating performance, market demand, etc., to confirm whether there is any material information that should be disclosed but not disclosed, whether there have been major changes in the company's business fundamentals, whether the recent stock price increase matches the fundamentals, and whether Consistent with the changes of listed companies in the same industry, and combined with the valuation, price-earnings ratio, stock price changes, etc. of listed companies in the same industry, sufficient risk warnings are given for the large increase in stock prices in the short term.

　　Electric blankets accounted for more than half of the main revenue last year

　　The announcement shows that the main products of Rainbow Group include electric blankets, electric hand warmers and other series of household flexible heating appliances, as well as electric heating appliances.

　　Mosquito-repellent liquid, electric heating mosquito-repellent incense tablets, disc-type mosquito-repellent incense, insecticidal aerosol and other series of household sanitary and insecticidal products.

　　In terms of equity, the 2022 semi-annual report of Rainbow Group shows that the company's largest shareholder is Chengdu Rainbow Industry Co., Ltd., holding 50.06% of the shares, and the company's actual controller Liu Rongfu holds 30.17% of the shares of Rainbow Industry.

　　In terms of performance, in the first half of this year, Rainbow Group's operating income was 533 million yuan, a year-on-year decrease of 10.5% (compared with the same period of the previous year).

The total profit was 71.0011 million yuan, down 29.48%.

The net profit attributable to the parent was 61.5407 million yuan, a year-on-year decrease of 26.05%.

　　In 2021, the net profit attributable to the parent company of Rainbow Group will also decline.

Wind data shows that the net profit attributable to the parent company of Rainbow Group achieved 111 million yuan last year, a year-on-year decrease of 1.51%.

　　In terms of products, the announcement shows that Rainbow Group's electric blanket sales revenue in 2021 will be 595 million yuan, accounting for a further increase in the proportion of main revenue, reaching 52.47%.

In 2020, the sales revenue of electric blankets of Rainbow Group was 491 million yuan, accounting for 46.46% of the main revenue.

　　In addition, the announcement shows that of the 595 million yuan revenue of the Rainbow Group's electric blanket in 2021, the cost is 304 million yuan, and the gross profit is 291 million yuan.

Calculations show that the gross profit margin of Rainbow Group electric blankets in 2021 will be 48.89%.