Analysis of financing strategy for composite superhard materials industry

China's composite super-hard materials enterprises are still at a disadvantage in international competition. It is necessary for enterprises to expand financing channels, improve fund-raising capabilities, increase investment in scientific research, improve production processes, and enhance the competitive position in the international market.

Industry financing strategy analysis

With the promulgation of China's "12th Five-Year Development Plan for New Materials Industry", many provinces and cities in China regard the new material industry as an emerging economic growth point for vigorously developing regional economy, and give corresponding industrial support policies.

At the same time, with the development of high-tech electronic information, biomedicine, aerospace and other high-tech industries and the continued development of traditional fields, it provides a good market environment for the sustainable development of composite super-hard materials, and the industry has broad prospects for development.

At present, China's composite super-hard materials industry has a certain scale, and has made great achievements in terms of technical strength and product quality. However, due to insufficient capital investment, it has a large international scale in terms of high-end technology development, production process improvement, and large-scale production. Leading composite superhard material manufacturers are at a competitive disadvantage.

In addition, more than 90% of China's high-end products used in electronics, automobiles, home appliances, CNC machining and other industries rely on imports. According to customs statistics, since 2000, China's imports of high-grade super-hard materials have increased at an annual rate of more than 20%. In 2006, imports reached more than 700 million US dollars.

Based on the continuous tracking research of the new materials industry for many years and the experience of more than 300 corporate financing listing consulting services, forward-looking investment analysis believes that it is necessary for enterprises in the composite super-hard materials industry to expand financing channels and improve their financing ability. On the one hand, increase Investing in scientific research, improving production technology, further narrowing the gap with large international enterprises in the field of high-end composite super-hard materials and products, and reducing the degree of external dependence in the high-grade diamond field; on the other hand, actively cultivating large-scale composite super-hard materials enterprises To improve industrial concentration, optimize industrial layout, enhance the overall competitiveness of China's composite super-hard materials industry, and promote the growth of domestic composite super-hard materials enterprises into landmark enterprises with strong comprehensive strength in the international market.

Strategy 1: Change the status quo of financing channels

Prospective investment believes that at present, China's composite super-hard materials manufacturing enterprises have relatively simple financing channels, mainly relying on bank lending, which is not conducive to enterprises to maximize capital attraction, and needs to comprehensively use multiple financing channels.

In general, the main financing methods of enterprises can be divided into two categories: internal financing and external financing. Internal financing is the financing that enterprises rely on for their internal accumulation. There are three forms: capital, depreciation fund conversion to replacement investment and retained earnings into new investment, which has the characteristics of low financing cost. External financing can be divided into direct financing and indirect financing. Direct financing mainly includes equity financing, bond financing, private financing, etc. Indirect financing mainly includes bank loans, financial leasing, pawn leasing, etc. External financing generally has fast speed and flexibility. The advantages of large amount of funds.

In addition, the choice of corporate financing channels needs to be adjusted according to the different stages of development to ensure the sustainable development of enterprises. In the founding stage, it usually comes from individual investors, venture capital and bank borrowing funds; in the stage of operation, it mainly obtains working capital loans from commercial banks and other channels, and increases property rights funds from investors and venture capital. In the development stage, debt funds are mainly obtained from commercial banks and various investment companies and community development companies. At the maturity stage, funds are mainly raised through equity financing. This requires composite super-hard material manufacturing enterprises to formulate appropriate financing strategies according to their own development stages and actual conditions, change the status quo of single financing channels, use capital market platform to raise funds, strengthen capital strength, and increase investment.

Strategy 2: IPO, the only way for enterprises to grow

With the rapid development of the domestic composite super-hard materials industry, a number of high-quality composite super-hard materials enterprises with relatively large scale and independent intellectual property rights have been able to continue to grow and develop, and promote the forward development of China's composite super-hard materials industry. Prospective investment suggestion, it is necessary for enterprises in the composite super-hard materials industry to overcome the shortcomings of financing channels through the listing of enterprises, accelerate the development speed and improve the core competitiveness.

After the listing of the company, it will not only promote the rapid development of the enterprise itself, but also promote the progress and development of the industry and create a good environment for the development of the industry.

Enterprises with certain strength and good development potential can directly finance from the capital market through listing, providing a broader space for the development and growth of enterprises.

Second, listing financing is an effective way to improve the competitiveness of the enterprise market. After the company goes public, it can raise funds for technology research and development, effectively improve the ability of independent innovation, enhance the technical content and added value of products, narrow the technological gap with international advanced enterprises, and improve the competitiveness of the international market.

Thirdly, the listing of enterprises needs to undergo a rigorous review. Only those enterprises that have good development prospects as stipulated by the CSRC can successfully issue shares. After the listing, the company has established a sound management mechanism and introduced a standardized and transparent modern enterprise management operation system, thus ensuring that the business management system matches the development speed and is conducive to the sustainable development of the enterprise.

In addition, forward-looking investors also believe that the listing of enterprises can bring about the effect of large-scale operation and brand promotion. The company will invest in the funds with good market prospects through the funds raised by issuing stocks. On the one hand, it will increase the output of the products and effectively increase the income of the main business; on the other hand, it will reduce the cost of raw materials procurement and dilute the cost of research and development and sales. In addition, listed companies have undergone rigorous review by the CSRC and are subject to public supervision. Compared with non-listed companies, they are more able to gain the trust of the public. They have good market reputation and brand recognition, and help to compete in domestic and foreign markets. Large market share.

Case Analysis of Composite Super-hard Materials A-share Listed Companies

Yellow River Cyclone (600172)
The company was listed on the Shanghai Stock Exchange on November 26, 1998. It was one of the first companies to develop superhard materials by leveraging the strength of the capital market. The main products are super-hard materials, super-hard materials, UDS series diamond presses, construction machinery, etc. The leading products are super-hard materials and super-hard materials. The annual output of synthetic diamonds exceeds the sum of the rest of the world.

Yu Diamond (300064)
On March 26, 2010, the company was listed on the GEM of the Shenzhen Stock Exchange. On the day of listing, the stock rose by 36.40%. According to the closing price of the day, the listing of Yu Diamond has created at least 9 billionaires. The company's leading product is artificial single crystal diamond, and its business is growing rapidly. From 2007 to 2010, the company's operating income and net profit compound growth rate were 39.73% and 45.53%, respectively.

Sifangda (300179)
The company was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on February 15, 2011. The company is the largest polycrystalline diamond research and development enterprise in China, and its products are in the middle of the synthetic diamond industry chain. The company's composite superhard material products are divided into oil/natural gas composite sheets, mining composite sheets, tool composite sheets and wire drawing blanks. Listing has become a new starting point for the company's development.

Boshen Tools (002282)
The company was listed on the Shenzhen Stock Exchange on August 21, 2009. It is the first private enterprise in Shijiazhuang to land in the A-share market. Its main business is the production and sales of diamond tools, small construction machinery and alloy tools. Power tools are the focus of the company's future development; the company's alloy tools are positioned at the high-end, and will soon usher in rapid development. In addition, the company also entered the PCD tool field by acquiring Shanghai Pu Ruigao to develop the machining cutting tool market.

Centrifugal Glass Wool Pipe

Yu Ou Nuo centrifugal glass wool pipe shell are specially used for the thermal insulation of various pipes (including: freezing, hot water, steam) systems. They can work normally at an ambient temperature of -4℃-454℃, and can be exposed or concealed.

Because the pipe covering of this material has the characteristics of waterproof, anti-corrosion, mold-free, and insect-free, it can effectively prevent condensation and prevent pipeline freezing. It is widely used in civil buildings, heating pipelines, air conditioning, and refrigeration equipment. Thermal insulation, energy saving effect can be increased by 15-30%.

Insulation Glass Wool Tube,Mold-Free Glass Wool Tube,Centrifugal Glass Wool Insulation Pipe,Centrifugal Glass Wool Pipe Aluminum Foil

Zhengzhou Ou Nuo Building Materials Co., Ltd. , https://www.jcyuounuo.com