Interpretation Of Gem'S Shell Keeping At The End Of The Year

< p > because of the macro a href= "http://www.91se91.com/" > economic < /a > downturn, the deficit of the gem is expanding every year: in 2011 only when the company rose to a deficit, the number of companies who lost money in 2012 increased to 13, of which 5 were three quarterly losses in 2013, which were Wanfu (300268.SZ), Tianlong Optoelectronics (300029.SZ), Baede stock (300023.SZ), Jin Tong Ling (300091.SZ), and Kennedy fire (300116.SZ).

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< p > "there should be a gem delisting company in the next two or three years."

A gem Company Securities Division said that the listed companies have the means of financial adjustment, the local governments will also help, but for the continuous loss of GEM companies, how to restore their hematopoietic capacity is the key.

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< p > and under the backdrop of regulatory authorities not allowing backdoor companies to enter the board, the shell keeping impulse of GEM companies has spawned the way of "curve saving the nation".

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< p > < strong > raise the investment into a double-edged sword < /strong > < /p >

< p > twenty-first Century economic news reporter survey found that continued loss of GEM companies with equity investment projects did not meet the expected situation, and this is also the cause of the company's loss of blood loss.

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< p > "raising investment project is equivalent to a double-edged sword."

A gem board company secretaries said that a good investment project can be pformed and upgraded, but with the completion of the investment and investment projects, the amount of proceeds raised on the company account will be less and less. This will reduce the interest income of the company. Once the investment project is completed, the construction projects will be converted into fixed assets, which will result in depreciation. Once the profits of the investment projects can not cover the depreciation, losses will follow.

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< p > twenty-first Century economic news reporter statistics, Wanfu Sheng Ke IPO when the 4 investment projects did not achieve the expected benefits; Tianlong optoelectronic 4 investment projects and 1 super fund projects did not achieve the expected benefits; Bao de shares 1 investment projects and 3 super fund-raising projects, only the "implementation of ERP information management project" achieved the expected benefits, while 3 of 4 gold collection and investment projects failed to achieve the expected benefits.

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< p > the only exception is Jen Shui fire. Its 2 recruitment projects were completed in December 31, 2013 and December 31, 2014. It is not yet clear whether the expected benefits can be achieved.

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< p > Bao de shares also did not generate revenue, but dragged down the situation of listed companies. In October 30, 2009, the bond market was raised to 265 million yuan, including 160 million yuan to "oil drilling and production integrated electrical control equipment production base". However, the project was delayed several times, and it was unable to produce the total profit of 126 million yuan which was originally estimated at 126 million yuan per year. Correspondingly, the project of setting up Xi'an Bao de Electric Co., Ltd. has accumulated a deficit of nearly 20 million yuan since 2012.

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< p > < strong > promote the power of M & amp; acquisition < /strong > /p >

< p > "if only through" a href= "http://www.91se91.com/" financial "/a" means or government subsidies to protect the shell, it is only temporary solution.

A director of the GEM board said that if the main business could not be boosted, it would be possible to restore the hematopoietic capacity of the listed companies through mergers and acquisitions.

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< p > Tianlong photoelectric is the deep photovoltaic industry, and the main industry has been losing money.

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< p > December 25, 2010, Tianlong optoelectronic listing raised 878 million yuan in cash, but in 2012, it lost 511 million yuan. In the first three quarters of 2013, it lost 34 million 520 thousand yuan, which made its cash on the account almost dry up.

According to the results of the report, the monetary fund of Tianlong Optoelectronics in late 2013 was only 86 million 950 thousand yuan at the end of 9, a sharp drop of 47.56% compared with the 164 million yuan at the beginning of the year.

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< p > "company's current a href=" http://www.91se91.com/ "> capital < /a > is not ideal.

Lv Song, director of Tianlong optoelectronics, admits.

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< p > in some capital circles, mergers and acquisitions can enable the acquirers to commit themselves to performance. This means that if the merger is successful, the profit pressure of the listed companies will be reduced a lot, and there will be no guarantee for two or three years.

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< p > in the 5 consecutive loss of GEM companies, Jen Shui fire was suspended in November 4th for a major asset restructuring.

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In twenty-first Century, the P reporter grasped the fact that the company is planning to take M & A, which will enhance the company's performance. On the other hand, it can make itself stand out as soon as possible in the field of fire fighting.

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< p > "GEM listed companies have a higher P / E ratio, and some assets with low P / E are sometimes bought in real terms."

The listed company's secretaries said that although the regulatory authorities did not allow the backdoor to enter the GEM companies, if the merger could allow the acquirer to become the second largest shareholder, if the large shareholders reduced their holdings, the acquirer would theoretically have the opportunity to become a new owner of the listed company.

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