Performance Achieved Three Jump &Nbsp; Haiyang And China Entered The Gem.

Less than 17 months after landing on the new three boards, China Haiyang sprint gem. Central Haiyang announced recently that the company's board of directors passed the motion on listing on the gem, which will be held in August 19th to consider the provisional shareholders' meeting. Statistics show that since last March in the new third board listing, China and Haiyang have been through two rounds of private financing over 300 million yuan. It is startling to say that the latest stock price in China and Haiyang is more than 50 times static PE (P / E), which exceeds the comparable GEM listed companies.

According to the announcement, Naka Miyo intends to issue 46 million 670 thousand shares in Shenzhen Stock Exchange to raise funds to invest in solar concentrator thermal power generation mirror production line project, solar photovoltaic module automation production line construction project and R & D center construction and industrialization project, and other working capital related to main business.

In July 2005, Haiyang, China's main business was solar photovoltaic power generation, and involved in the field of photothermal power generation. In the past 3 years, thanks to the strong revival of photovoltaic industry, Haiyang and China have made great progress. achievement Explosive growth. From 2008 to 2010, the operating income of the company was 29 million 620 thousand yuan, 84 million 820 thousand yuan and 319 million yuan respectively, and the net profit jumped from 1 million 880 thousand yuan to 17 million 545 thousand yuan to 58 million 984 thousand yuan.

Central Haiyang financing The movements are equally swift. In March 19th last year, after landing the new three boards, Zhongyang launched a targeted capital increase next month, and it was completed in July. At that time, China and Haiyang jointly issued 12 million 500 thousand shares to 32 registered shareholders and 6 institutions at a price of 9 yuan / share, raising 112 million 500 thousand yuan. In November of last year, the second round of China Haiyang's fixed growth plan was launched, and it was proposed to issue 10 million shares of the fund-raising fund of 212 million yuan for the first phase project of the solar concentrator thermal power generation mirror production line. The issuance price rose to 21.2 yuan / share, corresponding to the 2009 diluted earnings ratio of up to 85 times, creating a new three plate new record. Even with a 2010 year performance, the static static P / E ratio is 25.24 times. In March of this year, the second round of China Haiyang was fixed up, with 6 institutional shareholders subscribed and the total share capital increased to 70 million shares.

After two rounds of capital increase, the number of shareholders in central Haiyang rose to 93, and Xue Liming held 32.03% of the shares as the largest shareholder. Xue Liming and Sun Mingui jointly controlled 38.17% of the shares in actual control.

A rather meaningful episode is that the Haiyang 2010 annual report did not originally intend to make a profit distribution, but the bill was rejected at the annual general meeting. After the two fixed increase, the company launched the "10 to 10 shares" profit distribution plan and passed the total capital stock to 140 million shares. In retrospect, this episode or central Haiyang intends to lay the purpose of making profit sharing plans for shareholders participating in the second round of increase.

Quotation transfer platform, Haiyang, China. Price of stock The trend is crazy. Since last October, before the second round of fundraising was completed, the transaction price of Haiyang and China doubled from 15.8 yuan to 32.6 yuan. After the completion of equity capital, the transaction price of Haiyang in China increased from 20 yuan to 22 yuan, and slightly increased to 21.2 yuan in July, which is exactly the same as the second increase in capital price. In terms of the current total share capital, the transaction price corresponds to the 2010 diluted earnings ratio of more than 50 times. This means that shareholders who participated in the second round of capital increase have also gained 100% of the book float.

What can be compared is that at present, Gem Sunflower (300111) and Oriental Sunrise (300118) of solar panels correspond to static PE of 37 and 22 times in 2010 respectively. This is evident from the frenzied pursuit of speculative capital on the new three boards.