Accelerate the listing of enterprises
In order to accelerate the listing of Wenzhou enterprises, last Friday, the Wenzhou Enterprise Federation, Wenzhou Entrepreneur Association, and Wenzhou Industrial Economy Federation (referred to as the "three associations") organized more than 40 enterprises in the city to "see and learn from each other", and the listed enterprise Zheng Cheng Yi Pharmaceutical Co., Ltd. (referred to as Cheng Yi Pharmaceutical) entered Dongtou.
The "Three Conferences" organized more than 40 Wenzhou enterprises to enter Cheng Yi Pharmaceutical, including Conch Group, Ye Tongren, Yiming Food, Yuntianlou, Chowden Clothing and other local enterprises familiar to Wenzhou people people participated in the "mutual look and learn" activity. In Cheng Yi Pharmaceutical, Wenzhou entrepreneurs visited the company's modern preparation production workshop, the first coal to gas (natural gas) boiler room in Dongtou District, sewage treatment area and other equipment.
Cheng Yi Pharmaceutical was founded in 1966 and is currently a comprehensive modern pharmaceutical enterprise specializing in the production of capsules, injections, tablets, raw materials, and pharmaceutical intermediates. It is a national key high-tech enterprise. On March 15 this year, Cheng Yi Pharmaceutical was listed on the Shanghai Stock Exchange and successfully landed in A-share market, becoming the first listed enterprise in Dongtou and the first pharmaceutical listed enterprise in our city. From the opening price of 15.76 yuan on March 15th to the closing price of 34.26 yuan on Friday, Cheng Yi Pharmaceutical's A-share price has risen by 117% in the past four months.
Yan Yiyi, Chairman of Cheng Yi Pharmaceutical, shared his insights on going public with a large number of entrepreneurs. He said that the fundamental reason why a company wants to go public is to stick to its main business and focus on innovation. Cheng Yi Pharmaceutical is an old company with over 50 years of experience, dedicated to pharmaceuticals. It has never considered following the trend of investing in real estate or coal. Secondly, enterprises need to standardize their operations, manage risks well, and standardize procedures such as financial statements. In addition, companies must find an excellent intermediary agency such as a securities firm, lawyer, and auditor to do a good job of docking when going public. Yan Yiyi believes that through going public, enterprises will be more convenient in financing and will increase the development of new drugs and technological transformation of production processes.
Going public is not a simple dream, but you must recognize your own business situation and financial strength. "Weng Qinxue, the head of the investment banking department of Xiangcai Securities, introduced the issues that entrepreneurs need to pay attention to when listing a company. He believes that in order for enterprises to go public, they must first make a good path plan, whether it is to go public directly on the main board or first on the New Third Board and then on the main board, both need to be planned in advance. Secondly, if a company wants to prepare for listing, it must have sufficient cash flow. At the same time, if the company plans to go public, it must establish its own fund operation team, raise and plan the company's listing funds, and take a prepared and confident path to the company's listing.
You Jusen, Vice President of Wenzhou Enterprise Listing Promotion Association, said that the 2016 annual report data released by more than 20 listed companies in our city showed that through listing, the sales revenue of listed companies in the city increased by more than twice in the past year, and the profit growth reached about 75%. This indicates that listing is very beneficial for enterprises. At present, our city fully recommends companies to go public. The Municipal Finance Office and the Economic and Information Commission have both introduced preferential policies for companies to go public. Next, our city will organize monthly listing training to provide assistance and guidance for entrepreneurs to go public.