"Enterprises with a profit of 100 million or more can try to IPO in Shanghai and Shenzhen, and if the profit scale is less than 70 million, they can consider listing on the Beijing Stock Exchange. A new third board market person believes.
What about enterprises with profits of 20 million to 30 million yuan? The chairman of a new third board company bluntly said, "We will first list on the new third board, and while standardizing the management of the company, we will choose to go to the Shanghai and Shenzhen IPOs or list them on the Beijing Stock Exchange according to the development of enterprises." ”
"High-quality enterprises can make good use of the existing system and plan and implement the issuance and listing through a variety of paths. In an interview with a reporter from the Securities Times, the relevant person in charge of the Investment Banking Committee of GF Securities said, "In the critical period of improving the quality and expansion of the Beijing Stock Exchange, those enterprises with outstanding innovation attributes, strong performance growth and standardized operation and development have more advantages, and are expected to take advantage of the wind and seize the beach to land in the capital market." ”
The New Third Board continues to have a listing fever
Since the beginning of this year, there have been a total of 290 new listed companies on the New Third Board, which has exceeded the 266 companies in the whole of last year. Among them, 42 companies are from Guangdong Province.
"Listing on the New Third Board can make corporate governance more standardized, financial more open and transparent, and conducive to the company and major customers to discuss cooperation. The chairman of a new third board company said with a smile that in the past, when discussing cooperation with large customers, it was necessary to give various information to the business license, "Now, as long as you give a securities code." ”
"As for the IPO of the Science and Technology Innovation Board, the Growth Enterprise Market or the Beijing Stock Exchange, we are currently focusing on the operation of our main business first, and it is a matter of course to choose a higher-level capital market in the future. Said the chairman of the company.
Before the establishment of the Beijing Stock Exchange, the New Third Board was a strong "new force" for Shanghai and Shenzhen IPOs, and the data shows that in 2020, the number of companies from the New Third Board accounted for more than 30% of the IPO companies in Shanghai and Shenzhen.
After the establishment of the Beijing Stock Exchange, the attractiveness of enterprises has been continuously improved, and the new third board companies continue to appear on the Beijing Stock Exchange, and Guangdong new third board companies are no exception. According to the data, among the 233 companies on the Beijing Stock Exchange, 28 are from Guangdong Province, accounting for 12%.
At the same time, a number of Guangdong NEEQ companies began to launch their plans to be listed on the Beijing Stock Exchange. For example, Huaxida, which has outstanding performance, has applied for listing on the Beijing Stock Exchange and is currently in the review and inquiry stage. The listing applications of Xunfang Technology and Panelo Technology on the Beijing Stock Exchange have also been accepted. Zhuhai Gangsheng also has a plan to list on the Beijing Stock Exchange, which is currently in the counseling stage. Kangze Pharmaceutical and other companies have launched listing counseling.
Market participants said that there are more ways for companies to go public, and the Beijing Stock Exchange has provided an easier path for NEEQ companies to "reach". At the same time, the listing fever of the Beijing Stock Exchange will feed back to the New Third Board and pull the New Third Board listing fever.
On September 1, the China Securities Regulatory Commission issued the "Opinions on the High-quality Construction of the Beijing Stock Exchange" (also known as the "19 Articles of the Beijing Stock Exchange"), in addition to the choice of listing on the New Third Board of the Beijing Stock Exchange, a new path will be added to directly apply for the Beijing Stock Exchange, and the listing of high-quality enterprises will be more convenient.
On October 8, the Beijing Stock Exchange issued the revised "Guidelines for the Continuous Supervision of Listed Companies on the Beijing Stock Exchange No. 7 - Transfer", which will actively and orderly promote the transfer of the board in the future, guide willing listed companies to carry out various tasks in accordance with regulations, form a stable transfer expectation, make the capital operation planning of enterprises more flexible and clear, enrich the path selection, and eliminate strategic hesitation. The institutional rules of the direct reporting policy have yet to be clarified, and the market is generally expected to implement it within the year. Some high-quality small and medium-sized enterprises that already have the listing conditions may be exempted from the listing process and directly apply to the Beijing Stock Exchange, which will greatly improve the preparation efficiency of the issuance and listing of the Beijing Stock Exchange and further activate the deep vitality of the plate.
The "19 Articles of the Beijing Stock Exchange's Deep Reform" has made a number of deployments in optimizing the listing and financing system for small and medium-sized enterprises, effectively facilitating corporate financing, reducing market costs, and clarifying the expectations of all parties. The relevant person in charge of the Investment Banking Committee of GF Securities believes that high-quality enterprises can make good use of the existing system and plan and implement the issuance and listing through a variety of paths. "We believe that in the critical period of the Beijing Stock Exchange's quality improvement and expansion, those enterprises with outstanding innovation attributes, strong performance growth and standardized operation and development have more advantages, and are expected to take advantage of the wind to seize the beach and land in the capital market. ”
The growth of small and medium-sized enterprises on the New Third Board
The relevant person in charge of a new third board company said that whether it is to enhance the corporate image or implement refinancing to promote the development of the company, it is a real help that the new third board has brought to the company.
Many small and medium-sized enterprises continue to grow after being listed on the New Third Board, and some enterprises have successfully implemented financing to help the development of enterprises, and Guoneng New Materials is one of them.
Founded in 2002, the company's main business is the research and development, production and sales of three series of products: FRP, Teflon composite materials and die-casting hardware products, mainly producing core components, materials and products suitable for the field of mobile communications.
The company was listed on the New Third Board in October 2015, and recently successfully implemented a private placement refinancing in January 2023, introducing 3 institutional investors, among which GF Securities, the lead brokerage, participated in the subscription.
As a securities company headquartered in Guangzhou, the capital of Guangdong Province, GF Securities has paid more attention to Guangdong enterprises, especially innovative small and medium-sized enterprises.
The relevant person in charge of the Investment Banking Committee of GF Securities said that GF Securities has been working hard in the NEEQ market and serving and supervising many innovative small and medium-sized enterprises. "On the strategic side, we attach great importance to the new third board business. GF Securities has set up a special business team on the New Third Board, which has accompanied and witnessed the development and advancement of many high-quality small and medium-sized enterprises for a long time. In the past five years, GF Securities' Beijing Stock Exchange and Equities Exchange and Quotations (NEEQ) Securities have been rated 'first-class' in terms of practice quality, ranking among the top in the industry, which confirms the development effectiveness and market reputation of GF Securities' long-term service to the NEEQ market, and is the natural result of the company's strategic tilt towards high-quality SMEs and continuous cultivation of the NEEQ market. ”
In-depth excavation of high-quality small and medium-sized enterprises, GF Securities resonates with the national industrial development strategy at the same frequency. "GF Securities has always adhered to integrating its own development into the overall situation of the country, resonating with the national industrial development strategy at the same frequency, focusing on key industries and key tracks such as high-end manufacturing, electronic information, and biomedicine that are in line with the national industrial orientation, strengthening the in-depth exploration of high-quality small and medium-sized enterprises such as specialized, special and new, and effectively improving the efficiency and effect of serving the real economy and high-quality small and medium-sized enterprises. Hu Jinquan, who has many years of experience in investment banking, said.
GF Securities also intervened in the comprehensive empowerment in advance on the server side. According to reports, GF Securities takes the new third board business as the key starting point, and intervenes in the earlier and smaller development stage of the enterprise, one is to explore and refine the value in the early stage of the enterprise life cycle, and assist high-quality small and medium-sized enterprises to standardize the operation and steady development from business, finance and legal affairs as soon as possible;
Editor-in-charge: Zhong Tian
Proofreader: Li Lingfeng
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