China's machine tool enterprises re-listed boom

Although the Chinese stock market has been in operation for 22 years, in the machine tool industry, listing is still a fashionable topic. On June 12, Ma Junqing, president of Dalian Machine Tool Group Co., Ltd. told the China Industry News: “Dalian machine tools are operating in the overall market and are expected to land on the main board next year.” The top three Ma Junqing is at the 11th China International Machine Tool Exhibition The above statement was made at the meeting (CIMES). In the biennial CIMES, Dalian Machine Tool won the first booth area with 1080 square meters. In terms of scale, only the Shenyang Machine Tool Group can compete with Dalian Machine Tool in China's machine tool industry, and Shenyang Machine Tool missed the exhibition. Last year, Dalian Machine Tool completed a total industrial output value of 20.1 billion yuan, and Shenyang Machine Tool was 18 billion yuan. At the beginning of the year, Shenyang Machine Tool announced that it had surpassed international giants such as Demaggi and Mazak in the ranking of international authority Ghanard, and won the world first, while Ma Junqing said to reporters: "In the ranking of the top 500 machinery industry, Dalian The machine is ranked 19th and the Shenyang machine is 23rd.” No matter who is the world's number one, the inherent nature of the machine tool industry determines that this scale is already a good one. Looking around the country, except for Shenyang and Dalian, only Qinchuan Group ranked third with a scale of 8 billion yuan. In the process of Shenyang machine tool expansion, listing is an important node. Shenyang Machine Tool Co., Ltd. was listed on July 18, 1996 and is in the forefront of the industry. Then, Shenyang Machine Tool Group, the parent company of Shenji, merged with another listed company, Kunming Machine Tool. At present, there are more than 5,000 enterprises in the machine tool industry in China, and there are more than 100 enterprises in the industry associations, but there are no more than 20 listed companies. In general, the representativeness is not strong. Among the listed companies, in addition to the aforementioned Shenyang machine tools and Kunming machine tools, Qinchuan Development is also a company ranked in the first echelon. Hu Hong, president of Qinchuan Group, the parent company of Qinchuan Development, said that the company is considering listing on the Shenzhen Stock Exchange as a whole, but the specific arrangement will depend on the plan of the major shareholder Shaanxi State-owned Assets Supervision and Administration Commission. The company does not rule out listing overseas, and the first choice for overseas listing. The destination is Hong Kong. He also pointed out that following the acquisition of United Industrial Corporation, the company is currently studying with European experts and will acquire companies related to Qinchuan's core business overseas. On May 7, Qinchuan Development Co., Ltd. was suspended due to major asset restructuring. The situation is different, but the top three have financing impulses, followed by Beiyi machine tools and Wuzhong machine tools have also put the listing on the agenda. On May 18th, Beiyi Machine Tool Co., Ltd. was founded and the first general meeting of shareholders was held. The convening of the founding conference marked the completion of the shareholding system transformation of Beiyi Machine Tool. Representatives from four units of Beiyi Machine Tool, Tokyo City Electromechanical, National Management Center, Space Fund, and Junrui Investment attended the meeting. At the meeting, the company adopted the overall change method, initiated the establishment of Beijing Beiyi Machine Tool Co., Ltd., and passed the charter of the company. On behalf of all members of the board of directors, Wang Xu, the chairman of the company, said: "All directors of the company's board of directors will not disappoint the expectations of shareholders and all parties, work hard, and fully promote the implementation of the three major tasks of Beiyi machine tool listing, strategic integration and business objectives." According to the reporter, the Wuzhong Group's listing plan has been pushing forward. Huang Zhao, the chairman of the company, told the China Industry News reporter: "For Wuzhong, listing is a must, but it is not urgently needed." For the listing, Huang Zhao’s view is that the listing is "naked dancing" and the information must be disclosed in accordance with regulations. This can urge enterprises to establish credibility, and is also conducive to the establishment of a modern enterprise system. Wuzhong has a strong R&D capability. Many projects require funds, and it is impossible to rely solely on profits. At the same time, with the deepening of the market economy, labor prices will rise, and capital projects will be needed to solve the people's livelihood projects. For Qizhong CNC, it is unlikely to be listed separately. In 2007, the company was reorganized by Tianma. The predecessor of Qizhong Numerical Control Co., Ltd. was the first machine tool factory in Qiqihar. It was built in the 1950s and is well-known in the industry. Tianma shares are a rising star in the bearing industry. Its parent company Tianma Group Ma Xingfa and others were founded in 1994. The company landed in the small and medium-sized board of the Shenzhen Stock Exchange in March 2007. Its leading products are general-purpose bearings and railway truck bearings. In 2010, there was a rumor in the market that Tianma shares will promote Qizhong CNC to be listed separately. But then, the relevant personnel of Tianma officially stated that the company did not plan to split the CNC on the market. So far, there is no further trend. Among the first echelons of China's machine tool industry, the farthest from the market is Jinan No. 2 Machine Tool. Last year, Jinan No. 2 Machine Tool was attracted to the attention of the industry for ordering all the press lines of the Ford local factory in the United States. Wang Fuchang, deputy director of the Equipment Industry Department of the Ministry of Industry and Information Technology, said in his speech that the eight major national science and technology projects undertaken by Jiji in the early stage have already completed four projects, which are among the major special enterprises and the best organizations. Despite the high quality of the operation of Jinan No. 2 Machine Tool, due to years of steady operation, it has not explored more in terms of the system, and still maintains the pattern of 100% state-owned shares. Therefore, if the operation is listed, Jinan No. 2 Machine Tool has a lot of links to go through the reform. SMEs sprint not only leading companies have entered the capital market, but also small and medium-sized enterprises. In the past two years, the listing of machine tool companies has accelerated. At the same time, the reporter also learned in the interview that these companies that have recently landed in the capital market have experienced many twists and turns, or have been paving the way for a long time. Obviously, listing is not an easy task. To win the listing qualification among many competitors, you must have your own unique strength. In March last year, Yawei shares went public. Jiangsu Yawei Machine Tool Co., Ltd. originated from the state-owned Jiangdu Machine Tool Plant established in 1956. Since the 1970s, it has been engaged in the research and development of sheet metal processing machine tools. In February 2000, after the establishment of the company, it has been engaged in research and development, production, processing and sales of sheet metal forming machine tools. Up to now, Yawei has become the longest product line in the domestic plate processing machine tool field, and one of the few companies that can provide medium and high-end flat-panel processing machine products and provide coil processing machine products. In January last year, the leading CNC system company, Huazhong CNC, landed on the GEM. Huazhong CNC has undertaken the 863 numerical control project and has a post-doctoral workstation. The technical strength is at the leading position in China. At present, the localization rate of China's medium and high-end CNC systems is only 30% and 2% respectively. It is expected that by 2015, the demand for medium and high-end CNC systems will reach 150,000 sets, and the compound growth rate will exceed 40%. In addition to Huazhong CNC and Yawei machine tools, Shandong Bote Seiko has taken a different approach in the capital market. Shandong Bote Precision first launched the “Technology Innovation Board”. On January 6, 2011, the Tianjin Equity Exchange Technology Innovation Board settled in Tsinghua Research Institute and the launching ceremony was held as scheduled at the Innovation Building of the Yangtze River Delta Research Institute in Zhejiang. Six companies have been listed as “Technology Innovation Boards” and entered the market. The Science and Technology Innovation Board is a specialized feature of the Tianjin Equity Exchange and the Zhejiang Tsinghua Yangtze River Delta Research Institute to jointly provide high-efficiency investment and financing services for high-tech and innovative enterprises. In January 2011, the first batch of six companies was launched. Entering the market, Shandong Bote Precision Co., Ltd. is the first listed company in the technology innovation board. In fact, the power of the capital market is becoming the choice of more industry companies. In the interview, the reporter learned that many industry companies are actively seeking to go public, whether it is a large state-owned enterprise with a long history or a private enterprise that has risen rapidly in recent years. Indeed, in the increasingly fierce competition in the machine tool industry, the strength of the enterprise alone is inevitable, and the strong financial support of the capital market will win a broader market prospect for the enterprise. For the listing of machine tool companies, Wu Bolin, executive vice president of China Machine Tool Industry Association, said: "Listing is not an end, but a means. Companies must still tailor their own situation according to their own circumstances."

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