The New Three Board Raising Amount Is Less Than The Gem 1/100&Nbsp, And Its Growth Is Nearly 2 Times.

According to China

Taking this as a reference, according to wind information, the average net profit of 209 GEM companies after the deduction of non recurring gains and losses is only 28.5%.

Under the background of "new three boards", it has been criticized.

In this regard, Founder Securities Beijing chief analyst Xia Qingwen told reporters, "and can not simply based on the difference in net profit, the new three board and the gem to distinguish the pros and cons."

Cheng Xiaoming, general manager of the innovation business department of the Western securities investment bank as one of the "three new board" organizers, also told reporters, "this does not mean that the new three boards play a more important role in supporting the development of enterprises than the growth enterprise market."

The financing of gem is as high as 161 billion 800 million yuan.

In fact, from the perspective of raising funds, the new three boards play a role in supporting the development of enterprises far less than the growth enterprise market.

According to the report issued by the Shenzhen Stock Exchange in May 3rd, the IPO financing amount of the 209 listed companies of gem was 161 billion 800 million yuan, of which 100 billion 200 million yuan was raised.

This shows that GEM companies get enough nourishment from the capital market.

In view of this, Ping An Securities recently issued a research report that many small and medium sized boards and GEM stocks are new shares or sub shares, and cash is very abundant. In the credit crunch environment, the capital advantage is obvious.

This will become an important reason for the rise of small cap stocks.

But behind the huge scale of IPO financing, the Shenzhen stock exchange report also showed that as of the end of April, the listed companies had already used over raised funds of only 31 billion 560 million yuan, accounting for 31.5% of the total raised funds.

This shows that nearly 7 of the over raised funds are idle.

In response, Xia Qingwen told reporters that "the situation of idle funds raised in excess of funds indicates that some enterprises do not know how to use super raised funds, or that the development of enterprises at this stage can not afford to use so much capital."

In any case, according to a quarterly statistics in 2011, the average operating income of all listed companies on GEM was 101 million yuan, an increase of 39.3% over the same period last year, with an average net profit of 15 million 170 thousand yuan, an increase of 37.1% over the same period last year.

The growth of GEM companies is beyond doubt.

The new three board financing amount is only 1 billion 173 million yuan.

Compared with the growth enterprise market, the current "three new board" financing scale seems to be stretched.

According to the statistics of Zhongguancun science and Technology Park Management Committee, as of the end of 2010, a total of 119 enterprises were involved in the pilot system of the share pfer system. 76 listed companies had been listed, including 20 listed company offering 24 Private Placement Shares, which totaled 1 billion 173 million yuan.

But in such a market, it also nurtured the development and growth of many Zhongguancun enterprises.

According to the main statistics and tables of the annual report of the stock market quoted by the Securities Association of China published in 2010, the total number of enterprises listed in the 81 new three board listed companies in the 2010 annual report has reached 36, and the total net profit of the listed companies in China has reached 36, while the central soft (430002), atomic high-tech (430005), purple light (430008), modern agricultural equipment (430010), Bo Hui innovation (430012), Xing Hao medicine (430017), joint technology (430018), Hai Xin Ke Jin (430021), security control technology (430030), and Haiyang (430030), etc., after deducting non recurring gains and losses, the net profit attributable to the parent company is more than RMB yuan.

Perhaps it is precisely because the new three boards whose total amount of financing is only 1 billion 173 million yuan has also sped up the development of many small and medium-sized technology-based SMEs. Shang Fulin, chairman of the securities and Futures Commission, pointed out at the National Conference on Securities and futures supervision, "speed up the construction of a multi-level capital market system and expand direct financing.

It is one of the priorities of the securities and futures supervision in 2011 to step up efforts to expand the scope of pilot projects in Zhongguancun and speed up the construction of a nationwide over-the-counter market with unified supervision.

To sum up, on the other hand, there is a new gem enterprise with "more money than money". On the other hand, it is a new three board enterprise with "insufficient money".

Although the scale and function of the market are far apart, the gem and the new three boards have performed their duties well, and have played a great role in promoting the development of enterprises.

Xia Qingwen told reporters, "compared with the new three board enterprises, the stock market of the gem is large, and profits have been diluted a lot.

Therefore, we should not compare the net profit growth rate of the new three board with the growth enterprise market.

Cheng Xiaoming also agreed with this view. In addition, he told reporters that "the high threshold of the gem is to ensure the quality of the listed companies, but on the other hand, the enterprises that have been developing for many years lack the characteristics of high growth.

In view of this, this is also one of the reasons for the gap between the growth rate of the gem and the new three board enterprises.