4 days 17 companies exam gem accelerated scouring the sand

Source: Internet
Author: User
Keywords GEM Board
⊙ reporter Wu Zhengyi 0 edition Quanzeyuan According to the CSRC announcement, June 25 to June 30 4 working days, the GEM board will convene 9 consecutive meetings, the total audit 17 Company's IPO application, its density for the gem is the biggest since the general audit.  From the latest meeting, the new energy company to become a winner, Zhejiang Sunflower and other 3 companies have successfully. Information technology companies "broken" more from the industry distribution, the 17 companies belong to the new energy, information technology, electronic information, film and television culture, fine chemicals and other fields, including tendering services, raw milk suppliers, such as business for the first gem, the traditional manufacturing industry almost extinct.  More worth mentioning is that before the gem occupy the "first camp" of the information technology industry, this round of only a shun network technology. The adjustment of the company's industry distribution is inseparable from the direction of the regulatory department. March 19 This year, the SFC issued "on the further implementation of the GEM recommendation Guidelines", clarified that the sponsor should focus on recommending and carefully recommended areas.  Thereafter, the regulatory business communication will be held, the regulatory level on the gem positioning, issuing requirements, relevant regulations, such as the implementation of a comprehensive comb, and elaborated to determine the growth of enterprises 15 points. Some sponsors have confirmed to reporters that after the new requirements of the regulatory authorities, the securities dealers to the project to be declared to comb, eliminating some of the industry-oriented projects.  After this, a number of small business scale, no significant competitive advantage of information technology companies have been, so that the information technology industry will be the "hardest hit". "New Energy plate" suddenly and the information technology "fall" in sharp contrast is, "recommended" List of the first in the New energy field, this round has the Thai Sheng Wind, oriental Sunrise, sunflower light energy 3 companies. Among them, Tae-won wind power is the first professional production of wind turbine Tower company, Oriental Sunrise and sunflower light energy are main solar cells and components, 3 companies have been smooth.  And in the current listing of the Gem camp, there is no pure new energy companies. From the management point of view, the capital-intensive new energy companies are relatively large volume, performance is relatively beautiful. such as Tae-won wind energy in the last three years, the composite growth rate of revenue and net profit is 52.53%, 111.32%,2009 annual operating income of more than 500 million yuan.  In the past 3 years, the main income, and net profit compound growth rate was 73.88%, 1137.89%, 2009 main income, net profit reached 840 million yuan and 116 million yuan respectively.  Obviously, compared with some "fragile" light assets, small companies, new energy company's operating capacity, growth space more trustworthy.  is the company "evil" excessive packaging?  According to the latest bulletin of the SFC, the 17 companies mentioned above, 14 have been audited, Guangdong Canton Machine Bidding, Sichuan excellent machine industry, Hunan Jinneng Technology 3 companies have been. From the pre-disclosure materials analysis, the same "one-stop service" concept of the Canton machine tender, excellent machine industry has excessive packaging suspicion. The state-funded background of the wide-machine bidding, mainly in accordance with customer procurement needs, in the provision of tendering agency services on the basis of the extension to provide customers with follow-up tender value-added services, the tendering agent services and value-added services for the integration of tenders, "to provide customers with one-stop tendering procurement services." In fact, in the fully competitive bidding Procurement Service market, its core competitiveness is not highlighted. Data show that during the reporting period, the company's comprehensive gross profit margin of 23.5%, 20.03% and 16.86% respectively, showing a declining trend.  Moreover, there is a risk of reliance on the single market of Guangdong market. Excellent machine industry business and Canton Machine bidding "similar", its main according to customer demand, to provide customized machinery parts and components procurement-related comprehensive solutions, the main products export.  The business model of excellent machine industry is described as "one-stop custom Service", which will outsource products that do not have a manufacturing comparative advantage to third-party manufacturers to concentrate resources on building core competencies. However, the industry said that the model is essentially the expansion of trade to the production sector, and not much technical content. Moreover, excellent machine industry 2009 years of operating income than the 2008 decline, while the net profit growth is not high, the future growth of worry.  In the context of the excessive packaging of gem companies, regulators will doubtless focus on this. Mainly for the production and use of industrial explosives to provide technology, equipment, raw materials and engineering blasting services such as Jinneng technology, stop the main cause of the gem may still be operating scale. Before the company issued the total share capital of only 35 million shares, the reporting period of the annual net profit of less than 20 million yuan. Prior to this, there have been many cases of companies with smaller operating income and net profits.
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