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The Two Meeting, How Did Their Fate Change?

2011/1/19 11:39:00 51

In October this year, the "gem" annual gem issue launched the 7 major reasons for the failure of the gem: the reasons why the 33 companies failed to enter the gem.

A CPA who has been engaged in IPO business for a long time said to me, "it's much more valuable to analyze why a company can be listed than to analyze why they can't get to the market."

Inspired by this, "entrepreneurs" and

Mei Xin

The consultation jointly launched the two meeting, and how their fate changed.

As of November 10th, after the failure of the gem, there were 3 successful companies in the two meetings. We are trying to find out what kind of changes will enable them to succeed.

Unfortunately, we find that many changes in fate do not depend on their own changes.

Fuxing Xiao Cheng (300139, stock bar) - avoid arousing suspicion.

Customer

Rely on illness, big customers disappear

On the two meeting, the company's main business location was clearer, and the feasibility study of the project was more complete.

For example,

Old version

In the prospectus, Fuxing Xiao Cheng's main products are described as integrated circuits and electric energy meters. The industry belongs to two industries, namely, cross integrated circuit design and electrical instrumentation.

When the two declaration, the main business is described as the design and application of integrated circuits, the main product is power line carrier chip.

However, the description of big customers has the suspicion of "no silver three hundred and twenty" here.

Before the first edition of the prospectus, Shanxi Linfen power supply branch suddenly jumped to the first largest customer, because Dai Xiaohong, the deputy chief economist of the power supply branch, was the "two boss" of the company, and the company had the suspicion of packing the market.

In the two prospectus, the power supply company disappeared from the top five list of customers in the first quarter of this year.

At the same time, the North China power grid, Beijing Electric Power Company and Xi'an Daxing electric company, which ranked among the top five customers from 2007 to 2009, also disappeared.

Shanghai's super day - the fate of environmental change is the cause of the financial crisis.

For the first time in Shanghai's super day declaration, 600 million 890 thousand yuan will be invested in the 100MW polycrystalline silicon solar cell project, and the investment volume will reach 100 megawatts from more than 40 megawatts.

In the context of the financial crisis in 2009, solar cells and photovoltaic industry entered a low ebb. Investment projects were considered to be too fast for capacity expansion, and there was a big risk.

Later, Shanghai went to the small and medium-sized board.

Is it possible that a project that could overcapacity a year ago would not be overloaded in one year?

Fuling pickled mustard tuber (002507, stock bar) - gem does not think it is "innovative", it went to the higher threshold of small and medium-sized board.

Although the sponsor and Fuling pickled mustard tuber declared the company's "use of new technology and new equipment to pform the century old handicraft style pickled vegetable industry" and "the company has shifted from manual workshop to automatic production line", it has been developing and utilizing new technologies in the fields of pickling, preservation, and even marketing. The product quality control has achieved a leap from traditional experience to modern data type, emphasizing that the industry belongs to the positioning of the gem, but the SFC considers that pickled mustard tuber is a traditional food and has nothing to do with "two high and six new" foods.

Gem is not welcome. Fuling pickled mustard tuber has been pferred to small and medium-sized boards.

"Entrepreneur" comment: the gem requires "two high and six new", trying to encourage innovation companies to go public.

However, we can see that many IT companies are not bad in innovation, or they have been dropped by the issuing Committee, because the company is too small, though the scale of the company has actually reached the paper rule of the gem listing.

The problem is far from that. There is no sunset industry, only sunset technology.

Ask: what does the SFC think that the industry of tuber mustard has no innovation, no high technology? The Internet also has the guy who does not innovate, and the tricycle can also produce high technology.