The Two Meeting, How Did Their Fate Change?
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" jointly launched the two meeting, and 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 suspicion "specific customer dependency syndrome", 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, in the old 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 version of the prospectus was submitted, Shanxi Linfen power supply company suddenly jumped to the first largest customer. Because the deputy chief economist Dai Xiaohong of the power supply company is the company's "two boss", the company has the suspicion of packaging and listing.
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 goes to the higher threshold of small and medium-sized plates.
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.
No matter what is wrong
The company that will have two meetings.
Song de packaging - the bell is still in the intellectual property office.
Company founder: Guo Jingsong
No time: June 9, 2010
Why not: a patent dispute between Guangdong Shicheng Plastic Machinery Co., Ltd.
Solution: the 4 patents of song de packaging have all obtained patent certificates, so the handling opinions of the State Intellectual Property Office will be important.
Influence
。
If the intellectual property office considers that the relevant technology can apply for a patent, then the SDE packaging should only submit relevant materials to the SFC for explanation.
Hai Lian News -- explain clearly the history of the red chip structure
Company founder: Zhang Feng
No time: December 22, 2009
The reasons are: there are blemish in the ownership structure and more accounts receivable.
Solution: the red chip structure built at that time should not constitute a substantive obstacle.
Just explain clearly the purpose and purpose of each change.
mode
It should be available.
Approval
。
The problem of higher proportion of accounts receivable is more prominent. If we can find effective solutions, there will be great possibility of success in the two time.
Meng FA Li, expanding domestic market and raising domestic income ratio
Company founder: Zou Jianhan
No time: July 12, 2010
The reasons are: high customer concentration and export tax rebate dependence
Solution: at present, the company is vigorously exploring the domestic market and increasing the proportion of domestic income. If we can make significant breakthroughs in this area, we will be more likely to succeed two times.
"Entrepreneur" official website gem
Strange past life -- is the listing of Fu Huang steel structure listed?
Abstract: the Anhui Fu Huang steel structure Limited by Share Ltd, which was held in November 3rd, ended in failure.
The entrepreneur found that the steel structure of Fu Huang steel structure was born out of the stock raising project of another listed company, Chao Dong stock (600318, stock bar).
This is suspected of being listed on the two market.
Health (300146, stock bar) - Gem health care products
Abstract: Liu Xuan and Yao Ming have become their celebrity endorsements. A small health care product company, which was unknown to us 5 years ago, has installed several companies' businesses into new entities through mergers and acquisitions, integration and other "maneuvers", and has stimulated the agents to do high performance and hit the gem successfully with a profit margin of up to 3 times.
Looking back on its development process, it is worth the concern of entrepreneurs.
Hengtai AI Pu (300157, stock bar) -- Gao Maoli of "soft" company
Abstract: as one of only two large domestic companies in the field of petroleum exploration, Hengtai AI's customers are mainly large petrochemical companies.
Hengtai APPU has low labor costs, and it has high gross margin and high net interest rate, which means that bargaining power is high.
Such ability is not what most entrepreneurs can imitate.
Watson Biology (300142, stock bar) - hollowing cloud big technology achievement high growth?
Abstract: in the process of cloud technology's retreat, Dalian Hanxin's profit from being lucrative to loss making and insolvent, Watson's life under the same management team has risen miraculously from a small business with a net asset of only about 1000000 yuan, and has become a new gem in the gem. What is the contrast between brilliance and gloom? What is the great contrast? Is it merely accidental or mysterious? Is the ruin of Yun Da Technology accomplishments the rise of Watson's biology, or is it a coincidence?
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