Sinovel: An investor's wealth feast

The combination of Longhao capital and technology once again created the myth of capital markets.　　January 6 Night notice shows that Sinovel 90 Yuan/shares of the IPO price of Shanghai's main board market since 20 the highest record. The prospectus shows that Sinovel's total equity will reach 10 after the release. 5.1 billion shares, the total market value of 945.　　900 million yuan, will squeeze into a shares of 50 strong.　　The same concern is that, as Sinovel's second largest shareholder, Shing's name Sinovel China wind power will be more than 8 billion yuan, the market value of Chairman Han Junliang's shares is close to 11 billion yuan.　　It took only 5 years.　　6 years ago, as Dalian Heavy Industry lifting Group holding subsidiary of Dalian Heavy Industry Electromechanical Equipment Co., Ltd., the legal representative of the Han Junliang to persuade the background of different investors to take out 70 million yuan, and Dalian complete set up a registered capital of 100 million yuan joint-stock wind power company. December 6, 2005, Geo Jidong and Shing Management Shenzhen Oriental Modern Industrial Investment Management Co., Ltd. and the Tibet New Union Investment and Development Co., Ltd. was involved in the establishment of the Sinovel wind power. Two companies have contributed 17.5 million yuan, each accounting for 17 of the total contribution amount. 50%.　　Among them, Shing is the eastern modern and the Tibet New Union chairman, the legal representative person.　　Shing, the first general manager of the Shanghai Stock Exchange, Geo Jidong, president of Shenyin Securities in the early 90. February 2006, Sinovel was formally established, its shareholding structure is: The large weight set holds 30% of the equity, new Huaneng, Senghaisenghui, Oriental Modern and the new Tibetan Alliance four shareholders are held 17.　　5% of the shares.　　2008, Sinovel launched the capital increase plan and made a commitment to investors to make a listing within three years. March 2008, the days of central China Taihe Future capital of the new days to increase the company, become the company's second largest shareholder, are holding the company 25 million Yuan capital contribution, the proportion of 16. 67%. When the end of the year, the company's shareholders to carry out a series of equity transfer, so that Shenzhen Fudinshon and other 17 legal shareholders to achieve surprise shares.　　Through the inspection of the establishment time, 16 of these 17 companies were established only in the second half of 2008, and all were investment consultancy or investment management companies.　　At present, heavy industry crane for Sinovel is the largest shareholder, the shareholding ratio of 20%. The company's second largest shareholder for the days of China-Thailand, this is Sinovel legal representative Han Junliang control company, holding the share of the issuer's shares of 13. 33%. Shing controlled by the new union of Tibet Holdings sinovel 11. 67% of the equity, Geo Jidong control of the Rui Huafeng and Huitong Funda, in the Heng Fortis and Shanghai Yuan Qi each hold 3. 97%, 3. 15%, 3. 15% and 1. 4% per cent of the equity, after 4 legal entities total held 11. 67% of the equity is from the original corporate shareholder in Shenzhen Oriental. Geo Jidong has a direct hold of Rui Huafeng 32.　　8%, is the first major shareholder. The combination of capital and technology is the golden opportunity for China's wind power industry to start a business. 2002 years ago, China wind Turbine mainUse of imported equipment. Since 2003, the State has introduced the construction method of wind power project concession, and made a clear request for localization rate, which promoted the process of China's wind power equipment localization.　　Subsequently, under the impetus of the National Development and Reform Commission, a series of policies to support and encourage wind power development were introduced. Sinovel caught the best time.　　Sinovel founded the wind power, aware of the market prospects of high-power fans, the beginning of the main focus on high-power wind turbines. East China Sea Securities analyst Tao said Sinovel wind power development trajectory is quite radical, 2006 when the industry or 750kw models accounted for the mainstream, the company directly on the horse 1.　　5MW Products; After the offshore wind power or vacuum zone, Sinovel has pioneered the development of 3MW models in China, successfully won the first Marine model wind field-Shanghai Donghai Bridge all share of wind farm, and by virtue of this first-turn advantage in the first round of the 2010 offshore wind farm bidding exclusive 60% share. According to China Wind Energy Association Statistics, 2007-2009, Sinovel wind power new installed capacity of the market share of 20. 57%, 22. 45% and 25.　　32%, starting from 2008 for two consecutive years to maintain China's wind power industry first. In the first half of 2010, Sinovel realized operating income of 75. 500 million yuan, net profit 12. 700 million yuan, and its old rivals, 8 years older than it goldwind, the first half of the operating income and net profits were 6.3 billion yuan and 7.　　700 million yuan.　　Sinovel's listing brings huge profits to investors.　　According to estimates, Shing and Geo Jidong investment institutions in charge of investment in five years to obtain more than 500 times times the return, and new-day domain capital in less than three years after the gain of more than 145 times times the high return, future its stake in the market will soon reach 10.8 billion yuan. Public information also shows that although Sinovel set a record for the highest issue price of the main board market in Shanghai, however, many institutions in the network under the initial inquiry to give the price differences are quite large, the Banrishin fund management of the Industrial and Commercial Bank of China and the Enterprise annuity plan gives a minimum price of 60 yuan, while the investment account of the Chinese forestry Securities, the declaration price is as high as 138. 68 Yuan, the difference is as high as 131%.