Yongxing special steel: raise project has not yet been voted to start industry upheaval
CSRC website released yongxing special stainless steel company limited (hereinafter referred to as “yongxing special steel”) pre-filing version of the prospectus, the company’s proposed listing on the gem, issuing 50 million shares, after the release of the total share capital of 200 million shares. Reporters comb through its IPO Prospectus book found that the company plans to build “an annual output of 50,000 tons of heat-resistant, corrosion-resistant, high-strength special stainless steel deepProject of processing “and” yongxing special steel enterprise technology in the “total of $ 1.398 billion yuan, and the intended to raise capital of 998 million dollars, 400 million Yuan yongxing special steel makes the difference between spending to create unpredictable risks in the project. Raising investment project implementation risks prospectus shows, yongxing special steel this fund-raising total invested about $ 998 million worth of construction project, with an annual output of50,000 tons of heat-resistant, corrosion-resistant SWTOR Power Leveling, high-strength special stainless steel deep processing projects with yongxing special steel enterprise technical center construction project. Raising investment projects in plant construction, equipment purchase, staff recruitment and training, as well as production line debugging and other links, yongxing special steel in the areas of project management, organization, implementation, put forward higher requirements. Although yongxing special steel in recent years has accumulated a richLarge project implementation experience, but in the mobilization of financial resources in the implementation of projects, such as cases of force majeure, unforeseen factors, affected the Fund-raising project implementation progress, yongxing special steel operations performance will be affected. Yongxing special steel with annual output of 50,000 tons of this raise funds to construct a heat-resistant, corrosion-resistant wow power leveling, high-strength special stainless steel deep processing project, the project construction scale forProducing 25,000 tons of large size stainless steel capillary, produce 13,000 tons of tubes and 12,000 tons of forging. If fluctuations in the stainless steel industry uncertainty, production and sales of stainless steel products above exception occurred, yongxing special steel will be faced with raising funds to be unable to achieve the expected return of risk investment project. The other hand, because the project will be more innovationTechnologies, and moderately extend the industrial chain, the project on mass production processes, equipment, management capacity and high technical requirements. However, if yongxing special steel do not meet the requirements of mass production of the new project, it may cause the Fund-raising project product quality stability. And, if the company’s existing customer demand changes considerably, yongxing special steel to existing customers toUsers outside promotion, the company will be exposed to market risks. Low-end stainless steel industry is relying on small profits but quick turnover worth noting, yongxing special steel not only in raising investment and project operation exists hidden danger, and competition for market share in low-end stainless steel wire rod and bar with high-end stainless steel product development and market occupation due to the discretion. Low-end stainless steel has entered in a scale of operation andEra of cost control for profit, by virtue of the financial advantages of mergers and acquisitions with other small stainless steel enterprises, the expansion of productive capacity, improving market share is generally a trend of stainless steel manufacturers. Therefore, if other firms in the industry took the lead in taking these measures will result in the low-end market competition has intensified risks. Supercritical high pressure boiler stainless steel, stainless steel for nuclear power rodsDeep oil and gas out of the wire, corrosion-resistant materials and aerospace stainless steel tube for high technical barriers and other high-end stainless steel markets. High-end stainless steel relied heavily on imports, and set multiple barriers on the products exported abroad, result in high prices, lucrative. Localization of high profit-driven and encouraged by the national spirit, strength of the stainless steel enterprises in the Mainland continues to increase for high-Side stainless steel products research and development, but due to technical research and development not only risks but also needs strong financial support and, therefore, will be the first one with strength and importance to technical innovation for high-end market and subsequent technical barriers to business formation. 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CSRC website released yongxing special stainless steel company limited (hereinafter referred to as “yongxing special steel”) pre-filing version of the prospectus, the company’s proposed listing on the gem, issuing 50 million shares, after the release of the total share capital of 200 million shares. Reporters comb through its IPO Prospectus book found that the company plans to build “an annual output of 50,000 tons of heat-resistant, corrosion-resistant, high-strength special stainless steel deepProject of processing “and” yongxing special steel enterprise technology in the “total of $ 1.398 billion yuan, and the intended to raise capital of 998 million dollars, 400 million Yuan yongxing special steel makes the difference between spending to create unpredictable risks in the project. Raising investment project implementation risks prospectus shows, yongxing special steel this fund-raising total invested about $ 998 million worth of construction project, with an annual output of50,000 tons of heat-resistant, corrosion-resistant SWTOR Power Leveling, high-strength special stainless steel deep processing projects with yongxing special steel enterprise technical center construction project. Raising investment projects in plant construction, equipment purchase, staff recruitment and training, as well as production line debugging and other links, yongxing special steel in the areas of project management, organization, implementation, put forward higher requirements. Although yongxing special steel in recent years has accumulated a richLarge project implementation experience, but in the mobilization of financial resources in the implementation of projects, such as cases of force majeure, unforeseen factors, affected the Fund-raising project implementation progress, yongxing special steel operations performance will be affected. Yongxing special steel with annual output of 50,000 tons of this raise funds to construct a heat-resistant, corrosion-resistant wow power leveling, high-strength special stainless steel deep processing project, the project construction scale forProducing 25,000 tons of large size stainless steel capillary, produce 13,000 tons of tubes and 12,000 tons of forging. If fluctuations in the stainless steel industry uncertainty, production and sales of stainless steel products above exception occurred, yongxing special steel will be faced with raising funds to be unable to achieve the expected return of risk investment project. The other hand, because the project will be more innovationTechnologies, and moderately extend the industrial chain, the project on mass production processes, equipment, management capacity and high technical requirements. However, if yongxing special steel do not meet the requirements of mass production of the new project, it may cause the Fund-raising project product quality stability. And, if the company’s existing customer demand changes considerably, yongxing special steel to existing customers toUsers outside promotion, the company will be exposed to market risks. Low-end stainless steel industry is relying on small profits but quick turnover worth noting, yongxing special steel not only in raising investment and project operation exists hidden danger, and competition for market share in low-end stainless steel wire rod and bar with high-end stainless steel product development and market occupation due to the discretion. Low-end stainless steel has entered in a scale of operation andEra of cost control for profit, by virtue of the financial advantages of mergers and acquisitions with other small stainless steel enterprises, the expansion of productive capacity, improving market share is generally a trend of stainless steel manufacturers. Therefore, if other firms in the industry took the lead in taking these measures will result in the low-end market competition has intensified risks. Supercritical high pressure boiler stainless steel, stainless steel for nuclear power rodsDeep oil and gas out of the wire, corrosion-resistant materials and aerospace stainless steel tube for high technical barriers and other high-end stainless steel markets. High-end stainless steel relied heavily on imports, and set multiple barriers on the products exported abroad, result in high prices, lucrative. Localization of high profit-driven and encouraged by the national spirit, strength of the stainless steel enterprises in the Mainland continues to increase for high-Side stainless steel products research and development, but due to technical research and development not only risks but also needs strong financial support and, therefore, will be the first one with strength and importance to technical innovation for high-end market and subsequent technical barriers to business formation. [Scroll] brilliant technology: additional consolidation of long-term development Foundation (06-29) [scroll] winePlate strength in the afternoon to continue up 3.07% (06-29) [scroll] News: Hu Zhi afternoon rose more than 20 wine sector leading the way (06-29) [scroll] Luzhou laojiao: brand strategy firm (06-29) [scroll] jiugui liquor: pre-increases broadly in line withExpected to raise profit forecasts (06-29) [scroll] sdic xinji: Cuminum cyminum East production thickening performance (06-29) [scroll] Dongxing securities: second half of index is expected to exceed high five main layouts (06-29) [scroll] zheshang securities valuation has been near the bottom of a-sharesUsher in opportunity (06-29) [scroll] memoir of Lujiazui Finance Forum plenary session II (06-29) [scroll] guolian securities: policy hot topics and small cycles started trading concern (06-29) [scroll] Xu Wenhu: postponing retirement pensions empty account cannot be resolved issues(06-29) [Scroll] Chairman of the Deloitte Touche Tohmatsu Global: high liquidity market themselves hard to adjust (06-29) [scroll] tourism food and beverage: valuation ushered in increased performance of the catalytic cycle policy plate (06-29) [scroll] long water airport in Kunming first flew successfully 42,000 between China and foreign countriesPassengers a taste of delicacy (06-29) [scroll] AIA CEO Qiang CAI: do not fear China insurance Enterprise challenge (06-29) [scroll] SocGen Chairman: euro-zone banks may occur (06-29) [scroll] SocGen CEO: banks will have to hold more of the sovereignBond (06-29) [scroll] Guangzhou-deep along the tank series of bombings that took place 20 people dead 14 people injured (06-29) [scroll] afternoon review: Hsi up 1.9% real estate stocks (06-29) [scroll] in early trading cities of 1.333 billion yuan capital outflow of food,Insurance in popularity (06-29) [scroll] Shenzhen Zhi Ying: rebound blow Assem (06-29) [scroll] Li Yang: current distortions in the financial system was unprecedented (06-29) [scroll] mark the international year road earned 1.9 billion restructuring proceeds will benefit more than 6%(06-29) [Scroll] afternoon review: outgoing EU Summit to benefit commodity stocks jumped (06-29) [scroll] Li Yang: attitude of cooperation is the prerequisite for reform of the international financial system (06-29) [scroll] lubei group consumes hundreds of acres of farmland dug built strong base red mud in sewage treatment pool(06-29) [Scroll] Spain and Italy refused to sign the growth plan (06-29) [scroll] Muang Vene: global regulatory framework should be established to address cross-border regulatory issues (06-29) [scroll] chemical plate-0.08% Crown shares led the slide (06-29) [scroll] continuing to be seen waiting for the rebound trend is clear (06-29) [scroll] Guangzhou Bandung: who still regrets the rebound to 7 to turn around the market-building (06-29) [scroll] Financials rose 2.18% Xinhua insurance lead (06-29:41) [scroll] EU Summit to make significant progress in the euro leading risk currencies soared (06-29) [scroll] Financials King hot rotating implied a new turning point (06-29) [scroll] base software of Ficus bid electronic inspection and quarantine system strongly recommended (06-299) [scroll] wine plate up 2.69% Pearl River brand of beer daily limit (06-29) [scroll] EU Summit significant progress by Rescue Fund would inject capital directly banking (06-29) [scroll] gem half day up 0.33% sudaweige daily limit (06-29)[Scroll] Luzhou laojiao: group filtering modes continue to interpret maintain outperform rating (06-29) [scroll] Li Yang: irresponsible policies harm the global economic recovery in the developed economies (06-29) [live review] gold deepening and the real economy development | With the global growth in emerging markets | LandParty financing reform [presentation] an aversion to Chinese savings rate is 52% coronary vast global | Pension needs capital markets to preserve and increase the value of the European response to this crisis too few structural adjustment | Financial reform still need to explore | Reasonable interest rate curve you want people of liuzhou road fishing nets [financial] Shandong former Vice Governor Huang Sheng was arrested for selling officers: the 30 Mayor 50,000 [financial] housing prices in Beijing 3 times 6 years: looking at houses such as sat starting at fight the landlord [financial] Bai yansong spicy comments on audit reports: each year for medical checks but never heal [financial] xinhuadu aeration charity Bureau: injection of Mundell University with a good profit [stock] an aversion to a share is not a zero-sum game retail losses caused by two reasons [UnitVote] SSE clarify 80 trillion market talk is optimistic about China’s economy [commercial] yum CEO: leadership is the team stirred up huge ripples [commercial] Murdoch: News Corp business split reasonable and unrelated to the bugging scandal [financial] 60 banks worldwide have been cyber-attacks against local banks refused foreign coins [financial] rows19 products in the first half has not reached the expected high yields the most competitive cities in the world status on six major airports in the South China Sea in China