Last Year, IPO Fund-Raising Idle Funds 220 Billion &Nbsp; Hepida 4 Billion 960 Million.

344 of last year's issue.

Since the second half of last year

Statistics show that in 2010, the proportion of new stock raising funds was as high as 160.6%, while nearly half of the IPO fund-raising still had interest in the bank.

This part of profits has become an important source of profits for many listed companies. The 002399 largest idle fund that has hit the highest issue price has exceeded the market value of the stock market.

72.75% over raised funds were not put into operation.

In 2010, the IPO of the domestic capital market dominated the world, and it was the largest share issue since the establishment of China's stock market.

At the same time, the phenomenon of over recruitment has also been interpreted as crazy.

In 2010, the 344 companies that completed the fund-raising in the A share market through the IPO mode, together raised 490 billion 723 million yuan and raised over 302 billion 420 million yuan.

Wind statistics show that, according to the latest use of the funds raised by all companies, so far, 344 IPO companies have disclosed that they have invested 264 billion 501 million 500 thousand yuan in raising funds, and nearly half of the IPO raised funds have not yet been put into operation.

In other words, there are more than 220 billion yuan of idle funds, because they can not find the direction of investment, can only be stored in the bank to eat interest.

This part of the fund accounts for 72.75% of the over raised funds.

According to regulations, over raised capital must be invested in main business, and can not be used for securities investment and entrusted financial management.

However, "no money" and "wasteful spending" are also a waste. Especially in the current situation of tight domestic credit, the allocation of funds in the securities market has seen a significant "ineffectiveness" phenomenon.

In the 344 companies, the average turnover of assets in 2010 was only 0.68%, and the average turnover rate of current assets was less than 1%, which was 0.93%.

Ultra raise fund "blood pfusion" net profit

With 220 billion yuan idle fund and one year bank benchmark interest 3.25%, 344 companies' idle funds lie in the bank for a year, and they can get 7 billion 150 million yuan net profit.

Therefore, there are many listed companies' net profit sources, "bank interest" has become a small piece of "blood enriching" link.

This year's quarterly report released by the small and medium-sized board company's flyover [17.85 -0.83% shares (002523) shows that the company achieved a net profit of 12 million 78 thousand and 700 yuan, an increase of 1287.2% over the same period last year, and its performance was brilliant.

However, for the reasons for the skyrocketing performance, the flyover indicates that on the one hand, the main business revenue growth is on the other hand, the interest income increases sharply.

The announcement shows that the operating income of the flyover crane in the first quarter of this year was 87 million 704 thousand and 500 yuan, up 66.35% over the same period last year.

And raising funds to generate huge deposit interest income, financial expenses decreased by 421.09% over the same period.

The lifting of the flyover was successfully launched in December last year, raising a total of 780 million yuan and raising over 538 million yuan.

And because of the huge volume of new shares issued by the main board, the amount of capital raised is far higher than that of small and medium-sized companies.

The consequent chain effect is that the main board company has become the VIP of the bank because of the huge over raised funds.

Moreover, as the business development is coming to maturity, the fund-raising speed of these motherboard companies is slower than that of small and medium-sized companies.

For example, the main board company, China [4.31 -1.15% group (601718), completed the IPO fundraising in August last year.

So far, only 900 million yuan has been invested.

At the time of listing, INTERCHINA group raised 4 billion 49 million 500 thousand yuan and raised over 666 million yuan with the sign of "the first Quartermaster producer of A shares".

Hai Pu Rui 4 billion 960 million idle funds

Of the 220 billion yuan idle funds of the 334 companies, about 15% of the proceeds were used to return bank loans or supplement liquidity.

China Heavy Industries [12.20 0.08% shares] (601989) is the largest among these companies.

In April 2010, the company raised 3 billion 800 million yuan in excess of its fund-raising fund to supplement its working capital, and in December of the same year, it raised 2 billion 720 million yuan in excess of the capital raised, adding 6 billion 520 million yuan.

In addition, the high price listed Hai Rui also announced several times that it would use over raised funds to repay bank loans or supplement liquidity, amounting to 1 billion 351 million yuan.

It is noteworthy that the former "most expensive new stock", Hai Rui, completed capital raising in April 2010.

So far, the fund-raising has been invested at 975 million yuan, and $4 billion 960 million remains untouched.

Moreover, 900 million yuan in cash is used to supplement liquidity.

He raised 5 billion 934 million 800 thousand yuan in listing and raised over 4 billion 852 million yuan.

After a series of violent storms, the current market value of Hai Puli is only 3 billion 448 million 600 thousand yuan.

The same imbalance between market capitalization and fundraising took place in several small and medium-sized companies.

For example, the Hikvision [34.60 -7.51% shares listed in May 2010] (002415), so far, fund-raising has only invested 582 million yuan; when it was listed, Hikvision raised 3 billion 400 million yuan and raised over 2 billion 71 million yuan; at present, the market value of circulation is 3 billion 740 million yuan.