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LED companies listed 'new three boards' focus on capital operation

by:ALLTOP      2019-12-26
In recent years, with the tide of LED sweeping the lighting industry, a large amount of capital has poured in, and the door to capital games in the lighting industry has opened suddenly. In just a few years, a large number of LED lighting concept stocks have emerged. Among them, in addition to the main board, small and medium-sized board, gem and other traditional sectors, the New Third Board is rapidly rising, greatly promoting the penetration of capital into the industry. In the traditional lighting industry, few companies can go public, only a few companies such as Foshan Lighting, sunshine lighting, xuelaite, Feile Audio and Rex lighting, while in the lighting industry, there is almost no space, listing is almost out of reach for them. In recent years, with the tide of LED sweeping the lighting industry, a large amount of capital has poured in, and the door to capital games in the lighting industry has opened suddenly. In just a few years, a large number of LED lighting concept stocks have emerged. Among them, in addition to the main board, small and medium-sized board, gem and other traditional sectors, the New Third Board is rapidly rising, greatly promoting the penetration of capital into the industry. As we all know, the Shenzhen Stock Exchange and the Shanghai Stock Exchange in the mainland have their high-end and high-grade thresholds, which have deterred many small and medium-sized enterprises, while the New Third Board has broken the pattern and made up for the shortcomings and deficiencies in the development of China's capital market, so that small and medium-sized enterprises are no longer left out by the capital market. The entry threshold is low, and the enterprise only needs to meet the three basic conditions of legal establishment and existence for two years, legal and compliant operation, continuous operation and explanation of the company's continuous operation ability with the stock transfer company, it can be listed on the platform, and it can enjoy many preferential support policies such as government subsidy support, which has attracted many small and medium-sized enterprises. According to statistics, only 2 LED companies were listed on the New Third Board in 2013, compared with 19 in 2014. At present, there are 26 LED companies listed on the New Third Board. In the beginning of this year alone, six LED lighting companies such as Zhuo nip, ou MiG and Leite technology have successively landed on the New Third Board. In addition, in the low-key lighting field, Dongguan Jinda lighting is the first to successfully list the new third board, and near the Rex Jiangsu operation center to create a good lighting listing of the new third board, but also unveiled the competition pattern of dealers participating in the listing. Entering 2015, the New Third Board seems to have become a dark horse galloping in the capital market overnight. It is reported that the total market value of the New Third Board listed companies has reached trillions. Among them, in the first half of 2014, the average revenue of the New Third Board enterprises was about 58 million yuan, with an average gross profit margin of about 220, while of the enterprises have announced financing plans since 2015, with an average yield. Low financing cost, flexible methods, policy support and low entry threshold make listing the new third board a lifeline for many small and medium-sized enterprises to tide over the current predicament. However, everything has its advantages and disadvantages, and so does the New Third Board. Under the pressure of survival and development, some LED lighting enterprises are determined to list the new third board. However, when the listing is successful, the enterprises do not know what to do next. Apart from paying various taxes and fees, accepting public supervision through financial transparency, increasing costs under standardized management and paying more than 2 million yuan handling fees, there is not much policy support that can be obtained from the government. Listed companies do not make good use of capital leverage to integrate resources, such as merging high-quality enterprises to expand their scale, integrating high-quality distributors, or purchasing some excellent lighting design agencies. The New Third Board, a capital tool, became a plaque and a slogan, and was forgotten in a corner. In fact, the New Third Board is not omnipotent, and enterprises must treat it rationally. First of all, it is the premise for enterprises to consider their own growth. At present, LED tends to be homogeneous. If the growth of the enterprise is not good, the listing is useless. If the card is hung, there will be basically no transactions, and even the people will hurt the money and increase the burden on the enterprise. Secondly, we should be good at using capital tools to integrate resources. LED is a game of technology and capital. Enterprises should make good use of capital leverage to integrate resources, such as merging similar high-quality enterprises, integrating downstream dealer resources, and purchasing excellent design agencies. In addition, we should treat government encouragement and support rationally. The government's LED subsidy bonus is gradually decreasing, the policy support is gradually decreasing, and encouraging support is more icing on the cake. It is difficult to provide timely help. Enterprises should focus on their own operations. Greed is the essence of capital, while industry needs a solid and steady state of mind. Irrational and blind listing of the New Third Board will hurt enterprises and industries. I hope that in this new third board boom, enterprises should not be listed for listing, but should make good use of capital tools to integrate their operations while doing their own operations. Listing the New Third Board is only a Long March, and then step-by-step financing and capital operation are its fundamental goals.
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