The hottest carton packaging enterprise financing

2022-08-02
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The new third board, a new tool for the financing of carton packaging enterprises, release date: Source: Internet editor: lychee browsing times: 517 copyright and disclaimer

core tip: when it comes to the new third board, many enterprises still know very little and think that the stock market is volatile and are not interested in listing on the new third board; There are also some carton enterprises that follow suit, are unrealistic, and blindly follow the trend. When others hang up, they also shout to hang up; Some carton enterprises that have been listed do not understand capital operation and financing planning, fail to achieve the expected results, and love and hate the new third board; Others are full of ambition, and the listing of the new third board is already on the way. This article will focus on the impact of the new third board on carton Enterprises:

[China Packaging News] when talking about the new third board, many enterprises still know very little and think that the stock market is volatile and are not interested in listing on the new third board; There are also some carton enterprises that follow suit, are unrealistic, and blindly follow the trend. When others hang up, they also shout to hang up; Some carton enterprises that have been listed do not understand capital operation and financing planning, fail to achieve the expected results, and love and hate the new third board; Others are full of ambition, and the listing of the new third board is already on the way. This article will focus on the impact of the new third board on carton Enterprises:

the new third board is a sharp weapon to solve the financing difficulties of printing enterprises.

the economic downturn has weakened the manufacturing market, which will inevitably affect the carton industry. It is well known that the original plan of banning plastic bottles may eliminate the plastic bottles in the waterway to update equipment, invest new products and expand the market has "run aground". The bank has tightened its monetary policy, reduced the scale of credit or simply received no credit, which undoubtedly led to poor financing, resulting in the printing enterprises unable to invest, and the enterprise upgrading is facing the dilemma of weak follow-up. However, the new third board industrial manufacturing sector has brought a beautiful spring to the large number of carton enterprises subordinate to small, medium and micro enterprises. As of March 3, 2016, the number of enterprises listed on the new third board has exceeded 5860, including dozens of enterprises related to cartons. In March, only on the 3rd, the shares of listed companies were traded for 718million yuan. These enterprises have obtained rich funds in the share transfer system

it can be seen that listing on the new third board is a powerful tool for carton enterprises to solve their financing difficulties

with the arrival of the new third board era, carton enterprises have great prospects

the new third board is the third national securities trading place after Shanghai Stock Exchange and Shenzhen Stock Exchange. The biggest difference between them is that its service objects are innovative, entrepreneurial and growing small and medium-sized enterprises. In terms of access conditions, the new third board does not set a financial threshold, and the companies applying for listing can be unprofitable enterprises. The whole economy is like a forest, with both towering trees (large enterprises) and young and weak trees (small and medium-sized enterprises). Originally, only big trees could fully enjoy the sunshine, but the emergence of the new third board has enabled a large number of small trees to be nourished by the sunshine

for the carton industry, the emergence of the new third board is of epoch-making significance. In the future, a number of carton enterprises will grow up in the new third board and become part of a manufacturing power. The financial data of the industrial sector of the new third board is the best. Under the circumstances of substantial fluctuations in the main board, the small and medium-sized board and the gem, the new third board showed a good momentum of continuous rise. By the end of June, the average p/E ratio of market making enterprises had exceeded 50 times, and the average share price of market making enterprises had increased by more than 230%. Therefore, the new third board has become a new channel for carton enterprises' financing

in the past, the rules of banks and private funds were used in a wide range of small and medium-sized financial institutions, which were the main financing channels for many small and medium-sized enterprises. With the expansion of the new third board, more and more enterprises are optimistic about the new third board and choose to list on the new third board. Their original intention to join the new third board is financing

compared with the tortuous experimental results, if one sample fails to meet the requirements, the high threshold for IPO on the main board, the SME version and the gem, and the low threshold for entry to the new third board, is undoubtedly the best way for high growth SMEs to optimize their capital structure

the financing methods of the enterprises listed on the new third board include

1. Private placement: according to the measures for the supervision and administration of unlisted public companies and the Interim Measures for the administration of the national small and medium sized enterprise share transfer system Co., Ltd., the new third board simplifies the approval procedures for the private placement of listed companies, implements the filing system management for the private placement that meets the approval requirements for exemption applications, and does not set hard conditions such as financial indicators for the private placement, It only needs to meet the legal requirements in terms of corporate governance and information disclosure

in terms of equity financing, the company is allowed to apply for listing at the same time, and it is also allowed to put forward requirements for directional issuance after listing. It can apply for one-time approval and issue by stages

2. Private placement debt of small and medium-sized enterprises: private placement debt is a convenient and efficient financing method. Its issuance review adopts the filing system, and the approval cycle is faster. There is no explicit agreement on the raised funds, and the supervision on the use of funds is relatively loose. The issuer can set a reasonable purpose for the raised funds according to its own business needs, such as repaying loans and supplementing working capital. If required by the company, it can also be used for investment in raised investment projects, equity acquisition, etc., and the use of funds is relatively flexible. At the same time, the comprehensive financing cost of private placement bonds is lower than that of trust funds and private lending, and some regions can also obtain policy discount interest

3. Preferred stock: preferred stock is relative to common stock. It mainly refers to the priority over ordinary shares in terms of the right to profit dividends and residual property distribution. Preferred shareholders have no right to vote and stand for election. Generally speaking, they have no right to participate in the operation of the company. Preferred shareholders cannot withdraw their shares and can only be redeemed by the company through the redemption terms of preferred shares, but they can stably pay dividends

preferred shares may be more attractive to small and medium-sized enterprises listed on the new third board. Generally, small and medium-sized enterprises at the start-up stage have the problem of high concentration of equity, and the founders and core management are unwilling to dilute their equity, while financial investors often do not have the energy to participate in the daily management of the company, and only hope to obtain relatively stable returns. This arrangement of preferred shares can take into account the needs of both sides, not only allowing entrepreneurs to maintain control over the company, but also creating conditions for investors to enjoy more guaranteed dividend returns

4. Asset Securitization: asset securitization may be more suitable for enterprises with stable cash flow. However, generally speaking, such enterprises are relatively mature or have large asset scale. At present, the cash flow of enterprises listed on the new third board is generally unstable and the asset scale is relatively small. There may be some obstacles in using asset securitization tools

in addition, the new third board has reserved institutional space for listed companies to issue new financing products, so as to enrich financing tools, broaden financing channels of listed companies and meet diversified financing needs

at present, among various financing channels, private placement has increasingly become an important financing method for companies listed on the new third board, showing an explosive growth trend. This is because, for listed enterprises, the financing difficulty is low and the financing cycle is short; For financial institutions, there is no lock-in period for share transfer, so the capital turnover is faster, the time cost is lower, and the exit mode is flexible

carton enterprises seize the opportunity to enjoy policy dividends

China's small and medium-sized enterprises have always had the problem of financing difficulties, and the emergence of the new third board has provided great convenience for small and medium-sized enterprises to directly finance. Especially for small and medium-sized enterprises in the period of manufacturing upgrading, the solution of financing problems will provide great impetus for the development of enterprises, and the carton industry belonging to small and medium-sized enterprises will also benefit

the new third board is positioned to provide a platform for equity financing, equity trading and asset restructuring for innovative, entrepreneurial and growing small and medium-sized enterprises. With the support of the state, local governments have different amounts of incentives for enterprises listed on the new third board, some of which are as high as millions, and some of which are as low as hundreds of thousands of yuan. For the guidance of listing, and for those listed, the center of gravity of the instruments is low, and the expenses for the stable and reliable placement of the instruments, there is still surplus after the listing of the enterprises. This is the spring of the carton industry and a golden opportunity. Under the background of national encouragement, government reward and active new third board market, the carton factory can firmly grasp the pulse of the times, grasp the great opportunity at present and enjoy the government bonus at the right time

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