The Living Specimen Of Shoe Enterprises Listed In The Future Capital Market

In the past 2007, the temptation of the capital market spread in Fujian shoe enterprises. Especially after the listing of BELLE in Hongkong, Fujian's local brand Anta went to Hong Kong Stock Exchange in July 10th last year, listing for HK $3 billion 168 million, and its stock price rose 42% on the first day. It also won the favor of overseas strategic investor NBA rocket boss Alexander.

All this has made local sporting goods companies more coveted and more confident in the capital market.

In their view, the capital market is a fat meat, every shoe enterprise wants to try.

Therefore, over the past year, Fujian shoe enterprises have launched another round of listing upsurge, which has attracted much attention.

For today's Fujian shoe enterprises, this is not the age of "big fish eating small fish", "fast fish eating slow fish", but the era of "lion eating tiger". At this time, we must begin to consider the two ways of capital strength, industrial operation and capital operation.

Although many private enterprises in Fujian are now leading shoe enterprises, if they can not make use of the stock market in time, they may be eaten up by catching up companies in the future.

This crisis of survival is the main reason for Fujian shoe enterprises to pay great attention to capital market in recent years.

Fujian shoe companies collectively seek the baptism of capital market, while surprises and worries co-exist.

They are eager to get the favor of the capital market, while they are puzzled about the capital market.

How can we explore the development after listing in Fujian shoe companies that have been listed on the stock market?

How to make a choice when new overseas investment institutions throw olive branches?

After financing, how do we think when we encounter a dilemma?

Shoemaking enterprises in Fujian are exploring.

Listed Nova: creating a hot Fujian plate, while many shoe enterprises are constantly exploring the road of difficult listing, some enterprises in Fujian have entered or will soon enter the capital market. Some enterprises have envied the large sums of money in admiration.

Some even say that the "Fujian plate" is rising slowly in the capital market.

Anta is undoubtedly the focus of attention from all walks of life.

Judging from the latest news, Anta recently released its first annual results list and handed in a satisfactory answer.

Anta's earnings rose more than 2.6 times, much higher than the 4 profit forecast in the prospectus.

According to the chief operating officer, Lai Shi Xian, Anta has received orders for the first three quarters of this year, an increase of 50% over last year. It is ideal and expects that the gross margin level can be further increased from about 33% to 38%.

In this year's plan, Anta will increase its capital expenditure from 264 million yuan last year to 368 million yuan, which is mainly used for opening stores and building operation centers.

The unlimited development opportunities brought by the capital market are revealed on Anta.

Wild power is another focus of capital operation in Singapore's growth enterprise market.

China Sports International Limited, which is listed in Anta, has been listed in Singapore for the first time, IPO1 billion new shares.

Many people in the industry have surprised, curious or even questioned the small shoe enterprises in Fujian's footwear industry.

After the launch of the gem in Singapore, more and more SMEs in Fujian are paying more attention to the gem listing process.

After the wild market was launched, at the end of last year, it took the Slovenia Olympic Committee to become another Quanzhou brand that took the International Olympic Committee's train.

It is understood that wild power is increasing the scale of production and will be put into the publicity plan in the media.

XTEP, Jordan, PEAK and others entered the later stage.

XTEP (China) has appointed JP Morgan and UBS as sponsors, and is expected to raise $300 million, which is listed as Hongkong, with only the last waiting period to be listed.

At that time, the company will become the third mainland Brand Company to go to Hong Kong after Lining and Anta.

PEAK is expected to go public this year, and its competition with its rivals will also shift from tactical competition such as short selling products, marketing and management to strategic competition in capital operation.

For Jordan (China) Limited, listing is only a matter of time, which will make it the first sportswear brand to be listed on A shares in China.

It is reported that Quanzhou's famous sports brands such as Hyde long, del Hui, 361 degrees, Golden Lake, and noble birds have already set up a timetable for listing in the past two years, and the location of listing is different.

It is expected that in the past two years, local sports brands will be concentrated on the market.

At present, there are more than 20 overseas listed companies in Quanzhou.

In the future, if these shoe companies can successfully land in the capital market, they will form an overseas "Quanzhou plate".

Relevant officials of the securities industry in Fujian revealed that the "Jinjiang breakthrough" would be implemented from Jinjiang, Quanzhou, so as to form the "Fujian plate" of private enterprises in the securities market.

This shows that the "Fujian plate" will soon become a hot spot.

The new hot spot in the listing area focuses on the overseas virtues market. For Fujian shoe companies eager for capital market baptism, they once dreamed of the round glass hall of the Hongkong stock exchange, Singapore's daily trading hours of 6.5 hours a day.

In the past, the offshore market has always been the mainstream of Fujian shoe enterprises.

This year, Fujian, especially Quanzhou, has a new collective action on overseas listing. Many enterprises are ready to go to the five big markets, such as China, Hongkong, Singapore, Korea, and even the United States and Germany and Frankfurt.

New favorite, Frankfurt, Germany.

In the eyes of world-class experts, the attraction of listing in Frankfurt is that it has the fastest listing approval process in the world: if a company chooses a primary standard listing, it will be completed within 3 months; the general standard or advanced standard market will only take 4 to 5 months for initial public offerings.

In addition, the relatively stable exchange rate of the euro, the relatively low cost of listing in Germany, the same electronic trading system (Extro system) used by the Shanghai stock exchange and the German exchange have all made Frankfurt's German exchange a new choice for Chinese enterprises.

There are also concerns about the Chinese elements of the German Stock Exchange: at present, hundreds of Chinese stocks have been listed on the Deutsche exchanges. Before the listing of all listed funds, the Chinese concept fund accounted for 5 of the top 10 stocks.

Old love, the United States once again entered the corporate vision.

At one point, under the influence of the Sarbanes Oxley act, many enterprises were forced to abandon the us to Europe.

Now, with the shadow fading, businesses are beginning to focus on the United States.

Without the dry data, let's take the American Nasdaq for example. What can Chinese companies get on the NASDAQ?

First, the price to earnings ratio of Chinese companies listed on NASDAQ is generally higher than the other markets in the United States.

At present, the price earnings ratio of Chinese companies listed on NASDAQ is in the range of 30 to 40 times.

Singapore and Hongkong, China, fluctuated between 13 and 16 times the price earnings ratio.

Thus, from the most practical point of view, NASDAQ has given Chinese companies a high price earnings ratio or a high valuation.

Secondly, Chinese enterprises will be listed on NASDAQ and raise their international reputation while financing.

Third, we can improve the reputation rating of our enterprises.

Finally, by going to NASDAQ, it can provide a stage for international and domestic cooperation of listed companies.

The most important thing is the convenience of follow-up financing. NASDAQ has no time limit in the follow-up financing, and can make two financing in the fastest 6 months.

There are 4 ways for the two financing: one is the two financing of equity; two is the issuance of corporate bonds; the three is bank financing; in the United States, if credit is good, it is easy to get commercial loans, and even without collateral, credit loans can be obtained; four, it can turn its company into a "hard currency".

Germany and the United States are only looking forward to one of the objectives of Quanzhou's foreign-funded enterprises listed overseas. The capital markets of China's Hongkong, Singapore and Korea are also within their vision.

Hongkong, China.

Case: Anta is listed in Hongkong, China.

Fujian, especially Jinjiang shoe companies, mostly belong to red chip companies, and prefer to be listed in Hongkong.

Compared with the direct listing, that is, the form of H-share listing, the red chips not only have no scale threshold, but also stock can be fully circulated.

At the same time, because offshore financial center has almost no foreign exchange control on the pfer of Off Shore Company funds locally registered, the requirements for the company's investment and application are also very relaxed.

By contrast, the regulation of red chips in mainland China has become increasingly stringent. Therefore, companies are more inclined to list in Hongkong, China.

At the same time, the advantages of listing in Hong Kong should not be overlooked. That is, the price earnings ratio of initial public offerings is lower than that of the mainland market. However, as long as it is in line with the regulations, it can issue shares and issue shares once a year for funds.

Secondly, as long as the company meets the basic conditions of listing, the work before listing will not normally exceed 1 years, and the cost of listing is predictable.

Third, it can greatly enhance the visibility and shape of the brand, help develop overseas and expand the international market.

Finally, the property of entrepreneurs can be effectively protected.

Singapore.

Case: Hongxing Erke and wild power are listed in Singapore.

There are 3 standards listed on the main board of the new stock exchange, mainly to meet the listing needs of different types of industries, so long as the company meets 1 of the standards.

Standard one: pre tax profit has accumulated over 7 million 500 thousand new yuan (US $1 or about 1.835 yuan) over the past 3 years, which needs more than 1 million yuan per year. Business records are more than 3 years; management has been serving for more than 3 years.

Standard two: pre tax profit has accumulated over 10 million new yuan in the past 1 or 2 years, and the management has been in continuous service for more than 1 years.

Standard three: according to the issue price, the listed capital value is at least $80 million.

In addition to the main board market, Chinese enterprises can also choose to list on the "new finger" SESDAQ (Singapore automatic quotation and trading system).

This market is to help potential SMEs to raise funds in the stock market, and the conditions for listing are relatively loose.

The listing standards are: no profit record is required, but the company's business is feasible, profitable and has potential for development. If there is no business record, it must prove that its fund-raising is for project or product development, and is fully developed. The company must issue shares of not less than 15% or 500 thousand shares, and there are not less than 500 public shareholders.

The Republic of korea.

There are no shoe enterprises, and there are cases of textile enterprises.

The Asia Pacific stock market has become an important choice for mainland enterprises.

In addition to Singapore, the Korea Stock Exchange began its introduction in China in 2002.

In 2007, Fujian Shishi Huafeng Textile was successfully launched in South Korea, adding a lot of confidence to Fujian shoe enterprises.

The Korean stock exchange even said that it would take only 3 months to submit the preparation for the listing examination application to the listing as long as it had communicated with the Institute on matters related to the issue and listing in advance and fully prepared the information.

China is Korea's second largest destination for overseas investment.

Korean investors are increasingly interested in mainland Chinese companies.

Despite the high cost, the overseas listing market still has many unique advantages: in many overseas markets, the business situation and Prospect of the enterprise in the past year and in the future are the focus of attention. This is a good choice for some enterprises in Quanzhou who are not ready to go public and are eager to list in a short time.

It is not only the shoe enterprises in Fujian who want to be listed, but also the overseas securities companies are paying attention to Fujian shoe companies.

In particular, JP Morgan chase, Anta successfully pushed onto the capital market and took over the XTEP listing drive plan.

Many Hongkong investment institutions have gone to Fujian to investigate the situation of shoe enterprises and have great interest in shoe companies in the mainland.

Moreover, the mainland investment institutions such as the Shenzhen Stock Exchange also focus on Fujian shoe companies.

It is understood that at present, there are no fewer than 50 intermediaries in Quanzhou, and all parties in the securities market are eyeing Quanzhou.

Listed companies are in a dilemma