Huazhong CNC Landed On GEM &Nbsp; 14 Chinese Laborers Became Millionaires.

13, Huazhong CNC (300161, stock bar) (300161) will visit the Shenzhen gem, which will be the first listing in Wuhan in 2011.

"Chinese Engineering Department" to proliferate forces

In addition to Huagang Technology (000988, stock bar), Huazhong CNC listing means that the "Chinese industry department" is adding a new force.

If the numerical control machine tool of the equipment manufacturing industry is compared to one person, then the role of numerical control system is equivalent to the human brain. Through the command and dispatch of numerical control system, a series of complex processes can be automatically completed on a machine tool, while the mission of Huazhong NC is to manufacture the equipment in China with "Chinese brain".

Similar to the Chinese technology listed at the time, Huazhong CNC deeply imprinted the stamp of Huazhong University.

The book of prospectus shows that in April 1999 and September 2000, the China Central Branch was awarded two CNC Limited shares in Central China to the limited technical personnel of Huazhong numerical control, and these technicians all had the Chinese middle school teachers, among which there were many professors and tutors of central China University.

It is reported that after Huazhong NC, another practical control of Huazhong University of Science and Technology Tianyun information, will soon be landing on the gem, the Chinese Department of industry will also be expected to "one door three shares", become Qinghua department, Peking University Department, and so on, in the capital market, another University Department.

At present, the Chinese Ministry of industry is another old stock of Chinese technology total capital stock of 408 million yuan, and the closing price of Tuesday is 20.01 yuan.

14 multimillionaire will be born

The central China CNC shares issue 27 million shares, issued after the total share capital of 107 million shares, the issue price of 26 yuan, the first day of listing price range of 32 yuan ~39 yuan.

According to its issuing price, Huazhong CNC will be able to produce at least 14 millionaires.

Before listing, Huazhong CNC has 106 shareholders, and natural persons occupy 97 seats.

The main way for these people to get the CNC stake in Huazhong is the bonus of technology achievement.

The prospectus disclosed that among its top ten natural shareholders, the largest shareholder is the company's director and deputy general manager and chief engineer Zhu Zhihong.

He holds 2 million 500 thousand of the total.

Even if the issue price is calculated at 26 yuan, all the 10 people are worth billions of dollars overnight.

In addition, 11 people are not listed among the top ten shareholders of natural persons.

According to the above algorithm, the remaining 11 executives will also produce 4 multimillionaires and 7 millionaires.

On the first day of listing, there are fears of breakage.

Analysis of the industry, in the gem index generally collapsed, Huazhong CNC has broken worry.

In the past half a month, the gem index has plummeted from the highest 1220 points to 1068.63 points yesterday, down 200 points, and the short-term decline was nearly 12%.

As of yesterday, Zhendong Pharmaceutical (300158, stock bar), which only went on the market for three days, closed 36.71 yuan.

Below the issue price of 38.80 yuan.

In January 7th, 5 new shares listed in Anju Bao (300155, stock bar) broke down on the first day, and Ketai power (300153, stock bar) also fell below the issue price.

Secondly, the central China NC issued a price earnings ratio of up to 89.7 times, the overall valuation is high, the first day of listing is likely to go higher and lower.

The resignation of 10 technical R & D personnel of central China CNC (all of whom are teachers in Huazhong University of Science and Technology) have also prompted doubts in the market.

Finally, another worry for the company is the excessive receivables.

According to the general financial knowledge, if the outstanding accounts are too large, it will affect the cash flow of the company, which is the source of the enterprise's "hematopoiesis".

Huazhong CNC disclosed that in recent three years, the proportion of accounts receivable in China Central NC increased year by year, until the first half of this year, it had a 85.40% ratio.