Be wary of "new Sanbanxi" performance

The Sanbanxi of the company cannot rule out the possibility of "doing account" behind the outstanding performance of new companies. After all, those new Sanbanxi company's goal is still landing gem or SME board.　　Therefore, the new Sanbanxi company only in the performance of a higher growth, it is possible to smooth the transfer board, and may obtain a higher IPO price. With the release of the 2010 Annual report, the high growth of the gem has been faded again.　　Statistics show that in 2010, the gem ownership of the parent company's net profit growth rate of 30.31%; the same index, the main board of the motherboard A-share for 40.91%, Shanghai A A-shares for 37.15%, the SME board of 32.5%, the growth of the gem is the bottom. Just as the gem crashed, "New Sanbanxi" has sprung up. According to the China Securities Association issued the "agent system Stock quotes company 2010 Annual Report of the main data tables" shows that "new Sanbanxi" 81 listed companies to achieve the average deduction of non-recurrent profit and loss after the parent company's shareholders net profit growth of 41% year-on-year. And this index deducted the non-recurrent profit and loss, squeezed out the net profit of moisture.　　Therefore, compared with the listed four-a-share, the new Sanbanxi company's performance is better than one. The new Sanbanxi become the best "plate" of growth, which is somewhat unexpected. Originally, as the gem, the SME board, in the stock listing to raise a lot of money, should show a better growth. The fact is, however, that the best growth is the new Sanbanxi company, which is rarely financed. Such a result cannot but let people question the necessity of listing and financing of enterprise. Since there is no financing or public listing of the new Sanbanxi company more growth, then, enterprises still need to go public financing?　　Therefore, investors need to keep a wary eye on the outstanding performance of the new Sanbanxi company. Of course, the emergence of such a very uncoordinated situation, and the GEM, SME board companies when the listing of excessive packaging. In order to be able to successfully listed, in order to be able to obtain a higher distribution price, including the gem, the SME board and other new companies in the listing process, the company will be packaged, the straw into gold. This kind of packaging greatly overdrawn the company's growth, so that the company's financial data in the market before the show a lot of growth, and after the listing performance. The most typical such as the Sea of Puri, in the 2009 before the IPO, the company's net profit rose by more than 400%, and the Year of the listing (2010), the company's net profit growth fell to 49.5%. To this year's quarterly, net profit fell 39% year-on-year.　　It is because of the gem, the SME board has a lot of such a company, thus weakening the gem, the growth of the original board, so that growth is not as good as the gem, the new Sanbanxi company, but it seems to grow better. The reason for the new Sanbanxi Company's performance to maintain a wary, to a certain extent, can not rule out the outstanding performance of the new Sanbanxi company behind the "account" of the possibility. After all, those new Sanbanxi company's goal is still landing gem or SME board. Therefore, the new SanbanxiDivision only in the performance of higher growth, it is possible to smooth the board, and may obtain a higher IPO price.　　This is one of the important reasons why the new Sanbanxi company grows stronger than the four listed plates of the A-share market. For this, investors must maintain a sober understanding, do not rule out the high growth of the new Sanbanxi company after the success of the successful face of the possibility of performance. such as "New Sanbanxi" Company long its software, 2009 success of the Board plate, the board before the 2008 earnings per share reached 0.59 yuan, after the successful transfer plate, 2009 down to 0.45 Yuan, 2010 to 0.42 Yuan, the first quarter of this year or even loss of 0.044 yuan.　　Therefore, it is necessary for investors to keep a wary eye on the high growth of new sanbanxi companies. -Pihai (Hubei financial reviewer)