After the success of electronics, many professors become billionaires.

Nanfang Daily News (reporter/Tian Zhiming intern/Li Qizhi) Yesterday, the SFC issued an audit committee to review and pass the first application of the accumulation of Electronic Co., Ltd., many as the company's main shareholder of the original Shandong University professor, will be in the accumulation of electronic listed after becoming a multimillionaire. The plan is to issue 22 million shares in the Shenzhen stock, with a total share capital of 86 million shares. The company is a leading technology in the broad coverage of power automation in the field of the overall solution provider, at present, the company's power grid dispatching automation products in the grid system in the market share has been nearly 30%.　　The issue will raise capital of 145 million yuan, mainly to the digital substation automation system industrialization, digital power grid dispatching integrated application system industrialization, power information collection and management system industrialization three projects. In addition to the 20 shareholders, the remaining 19 are all natural persons, except for 1 legal persons in the Institute of Electronic Systems at Weihai. Among them, Yangzhijiang, Wang Hao and other major 8 shareholders have been a professor of Shandong University, but also the company's pioneering elder.　　According to the total share capital and the expected price of the IPO, many of the original mountain professors, as major shareholders, will have more than tens of millions. Accumulate into the electronics predecessor was established in 1994 Jinan High-tech development zone accumulated into electronic system laboratory, at that time the registered capital of 615,000 yuan. Since then, after several increase in capital shares, to June 2007, the laboratory has reached 64 million yuan. During the period, the Experimental Institute has introduced Luneng Holdings and Power Research Institute, the overall restructuring of Shandong Luneng Electronics Co., Ltd. But in October 2004 both opted out of the company.