Different paths and Emperor Ming Sheng Photoelectric: the return of A shares photovoltaic tide

Liang Zhongrong Shenzhen reported 2008 financial tsunami destroyed the dream of many domestic photovoltaic enterprises listed on the United States, the way out is that the domestic market and the first to start the recovery of the capital market, so stop on the Nasdaq or the NYSE them off fought the wave of domestic a shares. "The decision to home, because Emperor Ming products are mainly for domestic consumers in the domestic market, will get a higher price-earnings ratio, while helping to improve the company's domestic popularity." Huang Ming, chairman of Himin Solar Energy, told He told reporters. Emperor Ming in 2008 as close to the US capital markets, but eventually ran aground because of the financial tsunami. The same stranded ET Solar, but now again sounded the horn again Nasdaq impact. "We also want to return home, but we have overseas investors' money in there, there is a risk legally." Sheng Photoelectric chairman Wang Xinghua expressed frustration, gratified that, "We have a special kind of photovoltaic devices subsidiary, plans to put the domestic market in the near future. " Dragon Optical (.SZ), Oak shares (.SZ), Oriental Sunrise (.SZ), sunflower (.SZ) ...... the list is arranged in a series down, this is 2009--2010 listed in the domestic photovoltaic companies, and this number has been exceeded in overseas capital markets landing in the enterprise - in 2005 and 2008, US and European capital markets become listed on the temple domestic photovoltaic enterprises. Different paths "Manager" and ChinaVenture Investment Group recently launched the "2010 China's most cutting-edge enterprise investment potential Top 50" list shows, Sheng Photoelectric ranked No. 43. "Italy's Bi Aise company January 25 over, and we signed a contract 100MW components." Wang Xinghua told reporters that the current volume of orders on hand has been largely drained the annual yield. 100MW PV module order, the size of about 5% in 2011 the total share of the Italian PV market, accounting for 20% of 2011 ET Solar photovoltaic product sales. ET Solar is a microcosm of Chinese PV companies 10 years of rapid growth. 2010 China solar cell production again ranked first in the world, and the emergence of the world's 10 largest PV manufacturers such as Suntech, JA Solar, Trina and so on. Wang Xinghua frankly, limited to legal reasons, Intel Intel Pentium 4P42.8E, 478-pin P4 motherboard common Although ET Solar has been difficult to return to the A share market, but the company's photovoltaic equipment manufacturing enterprises have a "major equipment and photovoltaic cells made of polycrystalline furnace production, sales this year estimated that up to 8 million," its future capital mode of operation will be in the domestic A-share market. Wong Ming fought road A Shares is different. Back in 1996, Himin Solar Energy started the employee stock ownership plan, the implementation of "bonus money paid for shares reserve system" for its listing was foreshadowing; in 2007, Himin has completed counseling, the entire company joint-stock reform and plans overseas listing, but by 2008 the listing plan was shelved. In December 2008, Himin formally accepted the Goldman Sachs and CDH, respectively, for nine years and five years of "chasing recruits", to attract investment $ 100 million stake in Himin Solar Energy Group. "Blessing in disguise, blessing in disguise." Huang Ming, an executive with a thrilling way to describe this one of the company's capital, he said the company is in a quiet period, it is estimated will be held this year, landing A-share market. Huang Ming himself for the listing and reluctant to talk about the problem, Japanese Shopping VIVI6月揭载lena with kariang shorts shorts , Which is more focused on solar thermal power, building integrated solar thermal and prospects. "Although solar thermal power generation is higher than the cost of photovoltaic power, but only a technical problem, rather than a market problem, solar thermal power generation prospects will be broader than the photovoltaic power generation." Huang Ming said. However, Huang Ming also said he hoped that in the future they hold 50% of the share capital, employees and dealers holding more than 10% of the share capital, about 20% more than private equity, and the remaining to other partners. PE high return drive to go Suntech listed on the NYSE in 2005 as the beginning of the end of 2007, China already has 10 successful solar energy companies listed overseas, that time total market capitalization of $ 25 billion. A solar company executives said, in terms of current market conditions, the domestic A-share can get 50-100 times the PE value, "and this is only some of the components do business, low-tech," but in the Nasdaq , NYSE, mostly upstream polysilicon and battery business, technology and investment threshold are high, can reach 30 times the already high value. "Why did so many companies into the Nasdaq, rather than the A-share market?" Wang Xinghua analysis, in the domestic market is very tight, the enterprise capital turnover and profits have clear requirements, and most importantly, there is the threshold of business development time, GEM was then introduced to solve this problem. Reporters noted that Dragon Optical, Oak shares, the East Sunrise, sunflower and other companies are members of the GEM, and ready to be listed Hareon select backdoor ST Dragon (.SH). "In addition to A shares more restrictive, domestic and foreign market, there are different orientation." Admitted Wang Xinghua, China more than 95% of photovoltaic products are exported overseas, the foreign market to accumulate more word of mouth and advertising, and in foreign countries subject to audit and more stringent supervision. A photovoltaic executives of the poor foreign financial markets, including JP Morgan, Goldman Sachs, including many foreign consortium holdings have been many Chinese PV companies listed, very difficult to support new competitors, "Lin Yang was acquired is an example, because with Q-CELL (2009 global second-largest solar cell factory) conflict. " In contrast, in the domestic capital market, new energy content is an emerging concept, is also a range of state support columns in the domestic market can get a higher premium valuation, and avoid foreign consortia interference. Related articles:

Reproduced in: https: //www.cnblogs.com/521taobao/archive/2011/05/17/2058566.html

Guess you like

Origin blog.csdn.net/weixin_34356138/article/details/93355569