The new three-board stratification adjustment work officially launched Li-electric concept innovation layer enterprises will be drastically reduced

On May 7, the third new three-tiered adjustment work was officially launched, requiring the relevant companies to complete the declaration of entering the innovation layer on May 7-9.

According to the statistics of high-tech lithium battery, in 2016, a total of 10 new three-board listed lithium-ion enterprises were selected for innovation, and more than 20 in 2017. Lithium-ion enterprises currently in the innovation layer include: Win-win Laser, Kelie Technology, Tianjin Co., Newm Technology, Anda Technology, Sixth Element, Sol Technology, Oriental Carbon, Jin lithium Technology, Ruineng, XinlingJia, Fudian Green Energy, Xinghe Zhonggong, Fengjiang Battery, Fanglin Technology, Dingneng Open Source, Tianli Lithium Energy, Wizards Shares, Aoki High-tech, etc.

Industry insiders generally believe that this year involved in the concept of lithium innovation level enterprises will be drastically reduced, and will usher in a "big blood change."

For one thing, the standards are higher. Unlike the previous two stratification, this stratification is based on the new stratification management approach implemented at the end of last year.

It is understood that the National stock exchange has lowered the net profit index in the new entry conditions for the innovation layer, improved the revenue index and added a new market value index for bidding. At the same time, "the number of qualified investors is not less than 50" and "the amount of financing in the last 12 months is not less than 10 million yuan" is set as a common access standard; In the maintenance conditions, the old mandatory financial standards were removed and the focus was on legitimate compliance and basic financial requirements.

One senior lithium-electric company, who does not want to be named, said it would not be difficult for the company to retain its innovation credentials this year and there was no need to make a deliberate effort, but for some lithium-electric companies, sheltering meant adding shareholders and increasing costs.

Second, some innovative lithium-ion companies have found another way out. At present, last year's innovation layer including Keli Technology, Tianjin, Anda Technology, Ruineng, and Aoki High-tech have already withdrawn from the New Third Board.

From the point of view of the way out, on the one hand, in order to match the company's development speed, broaden the financing channels, to go to IPO has become its important choice. On the other hand, the high-quality lithium-electric standard will become the object of competition for listed companies, and some new three-plate lithium-electric enterprises also choose to live under the "big tree."

Third, the expected dividends repeatedly failed enterprises in an awkward situation. Since the first layering in 2016, innovative companies have been highly anticipated by the market. However, after two years, the expectation of dividends has repeatedly failed, and the mentality of some new three board companies has also begun to change.

Another new three-board listed lithium battery company said to the high-tech lithium battery, the company has been in the entanglement before, the innovation layer does not have much meaning for the current company development, but if the new policy is issued, it is definitely a priority for the innovation layer enterprise, no protection layer I am also worried about missing a good opportunity for the New Deal.

It is worth mentioning that, recently, the National Small and Medium Enterprise Stock Transfer System Company and the Hong Kong Exchange and Clearing Co., Ltd. signed a memorandum of understanding on cooperation. According to the MOU, both parties welcome eligible listing / listed companies in the other market to apply for listing / listing in this market.

This means that in the future, the listing of new three-board listed companies on the Hong Kong Stock Exchange will not be delisted, but will use the incremental issuance of shares, while retaining the "identity" of the new three-board listed companies and H-share listed companies, enjoying the trading and pricing of the two markets. And financing services.

However, according to the high-tech lithium battery, some of the new three-board listed lithium-ion enterprises have not paid much attention to the "new three board + H shares" model. First of all, the specific requirements and program details of the transfer board have not been introduced; Secondly, there are still many variables in the current power battery industry, and the company's performance guarantee is also uncertain; at the same time, the H-shares have lower calculations for the price-earnings ratio of some domestic enterprises. Therefore, for the time being, I will not pay attention to the listing of the two places.

The page contains the contents of the machine translation.