Guilin three gold 700 million raise capital idle 300 million own fund finance

Guilin three gold (002275, closing price 22.95 Yuan) The market time has 1.5, but 860 million raise investment net amount unexpectedly also has 700 million lies on the special household "to sleep soundly", the utilization rate is less than 20%.　　For the low utilization rate of raising funds, Guilin three gold explanation is that last year, the regulatory layer issued a new GMP rules, resulting in the original investment project design needs to be revised. Not only is there a problem of inefficient use of investment money, the daily economic news reporter browsing The company this year, found that the company also has its own money capital of about 450 million yuan.　　In order to "activate" These idle funds, Guilin three gold April 13 announced that the company intends to use 300 million of its own funds for investment and financial management. One side is to raise investment money "not as", on the one hand is the capital of large financial management.　　As IPO restart the first share, Guilin three gold left the market too many helpless. 700 million raise investment gold "sleep" Guilin three gold 2010 fund-raising special report shows that the company raised net amount of 860 million yuan. As at December 31, 2010, the sum of money was $170 million. In addition to 2009 years, 2010 raise investment interest income of 1.1767 million yuan, 8.7761 million yuan, the company has not used the fund for the balance of 702 million yuan. In this calculation, since the listing of 1.5 times, Guilin three gold raise funds utilization rate unexpectedly only 19.3%.　　This, the company in 2010 only to raise investment gold 12.7804 million yuan. From the detailed point of view, the company's IPO to cover a total of 10 projects.　　In addition to the Nineth project "three gold modernization warehousing and Logistics Base construction project" Investment progress of 33.25%, the remaining 9 projects are less than 10% of investment progress.　　"Daily economic news" reporter found that if the prospectus disclosed in the fund-raising investment plan, only in the first year after the listing, the company should use 497.6917 million yuan, the second year to use 121.4649 million yuan to raise funds.　　Company: "It is helpless" why the listing of 1.5, raise funds but use less than 20%?　　Yesterday, the "Daily economic news" reporter called Guilin Three gold, in the absence of the Secretary for Security Affairs, the Director of the office, Ms. Li received a reporter interview.　　Ms. Li said that the company has been in the annual report of the company to raise funds used low to make a statement, the use of funds to raise the rate is too low, the company is also helpless.　　Reporter also found in the annual report, the reason for the slow progress of the project is: last year, the regulatory layer issued a new GMP rules, resulting in the original design of the investment project needs to be revised. "If you produce in accordance with the old GMP standards, the future changes will cost more money, so the company deferred the project investment for one year." Ms. Li said that of the 10 investment projects, 8 were related to GMP certification.　　On March 1, after the new GMP standards came out, the company has intensified the use of investment funds. "Then why the remaining 2 projects that do not require GMP certification, intoThe show is also slow? According to Ms. Li, in the 10 projects raised, the 1th project "special Chinese Medicine three gold tablets technical transformation Project" and the 6th Project "Modern Chinese herbal material gap base" does not require GMP certification. The daily economic news reporter found that the investment progress of these two projects is also only 4.78% and 6.84%. "GMP" to explain clearly not justified.　　In this respect, Ms. Li said "progress is indeed slow".　　300 million own funds investment in financial management than Guilin three gold in the use of investment funds, "stingy", the company is investing in money is "deep pockets." April 13, the company issued a quarterly bulletin of 2011.　　The first quarter of the company to achieve business income of 231.7 million yuan, an increase of 12.09% per cent, net profit of 52.114 million yuan, an increase of 4.09%.　　In the publication of the Quarterly bulletin, the company also issued an investment and financial advisory said, in order to improve the efficiency of capital use, while effectively controlling risk, the company decided to use some of its own funds for the purchase of banking products such as financial investment. According to the bulletin, the company's own investment in the financing of its own funds will not exceed 300 million yuan, investment projects for national debt, bonds, banks structured financial products, trusts and other short-term investments, the longest investment period of not more than 1 years.　　The company said the move is conducive to improving the company's profitability and efficiency of capital use, and will not affect the company's main business development. "Daily economic news" reporter found that pharmaceutical companies to use idle funds to invest in financial management in a A-share listed companies are not uncommon, but such a generous but not much.　　If the same is Chinese medicine enterprises, has always been famous for the investment level of Mayinglong (600993, close to 38.86 Yuan) from 2007 onwards in the two-tier market, but its input of funds not more than 150 million. In addition, one side is 700 million to raise investment money idle, one side is 300 million own funds for investment and finance, the market can not help but guess, the company will not "do"?　　Yesterday, an investor expressed concern to reporters: Will the company divert investment money to do financial management? "Raise investment funds is earmarked, the company's own funds to invest in financial management."　　Ms. Li responded that it was not possible to move the funds in a special account. According to the quarterly Bulletin of 2011, the company has a total of 1,152,810,000 dollars in Money. Considering that this includes 702 million yuan to raise funds, the company actually owns the own money money is about 450 million yuan.　　After taking out 300 million funds to invest in financial management, the company actually retained the funds for 150.8 million yuan. The performance of the company fled the listing for more than a year, Guilin three gold has not shown remarkable growth. The company's net profit grew by only 10.52% in 2009, and in 2010, the company's net profit fell by 14.46%.　　As a result, the company's share price fell 9.38% per cent in the context of last year's encouraging overall trend in pharmaceutical stocks.　　In fact, since the listing, the agency's concern about the three gold in Guilin has continued to decline. "Daily economic news" reporter found that as an IPO restartThe first share, the market has been highly concerned about Guilin three gold. Only 2009 6 ~ July, brokers issued 35 research reports.　　Since 2011, only 2 securities companies have published research reports.　　In 2010 years, the organization occupies three gold in Guilin, the top ten circulating shareholders eight seats, and to the 2011-year Quarterly, only 3 institutions appear in the top ten circulating shareholder list, and two in the reduction. Specifically, by the end of last June, Tai Bao, Hua Bao xingye industry select funds, such as 8 institutions together in Guilin three gold, and appeared in the top ten circulating shareholders, total holding 7.3182 million shares, accounted for the proportion of the circulation of 17.52%; but only 3 months later, only a single enterprise is still located in the top ten circulating shareholder ranks. Since then, although 2010 reported that, Hui Fu, huaxia dividend two new funds into the top ten circulating shareholders, and the total holding 12 million shares, but also in only 3 months, 3 institutions of the shareholding to 10.56 million shares, net reduction of 1.44 million shares. Responsible Editor: NF018