On the way to the market, Fujian's stone enterprises have never stopped. At the end of last year, Wanli Stone, Bandung Stone Industry and other Fujian stone industry “Dayu†successively announced the information to be listed, which has aroused strong concern in the industry. Yesterday, the reporter learned from a related event held in Xiamen that another Xiamen stone company publicly declared that it has received hundreds of millions of yuan of investment from foreign venture capital and will be listed in the next two or three years.
"New company" said it has received hundreds of millions of investments
Yesterday, the “Agago Mining Core Partner Wealth Meeting†was held in Xiamen. Liu Chuanjia, chairman of Accor Mining, publicly announced that Accor Mining will be listed overseas within the next two to three years, and will continue to acquire large-scale stone mines at home and abroad.
“Accor has been supported by the Carlyle Group, the largest private equity investment company in the world, and has hired well-known institutions such as Merrill Lynch, Citigroup and Morgan Stanley as consultants.†Liu Chuanjia said, “In which, the Carlyle Group has already saved hundreds of millions. Yuan Renminbi, paving the way for the company's listing."
According to public information, Accor Mining Holdings is headquartered in Xiamen. It consists of four overseas companies and five domestic companies. It is a large-scale comprehensive enterprise group integrating mining investment, stone processing, supply and installation.
Interestingly, this company, which is said to be listed, is actually a “new company.†According to an insider of Accor Mining, “the company’s boss originally made stone import and export trade, and it has been done for more than ten years. The foundation is very solid. And Accor Mining Holdings Co., Ltd. was established only in the last year, and the goal is to go public."
Some enterprises are parked in the "half way"
In fact, Accor Mining is not the first Xiamen stone company listed on the Sword Index. At the end of last year, Xiamen Wanli Stone Co., Ltd. announced its listing process. At the same time, Fujian Province Wanlong Stone Industry Co., Ltd., located in Nan'an, Fujian Province, also publicized the listing environmental protection verification.
In addition, according to foreign media reports, Xi'an shares in Fujian Nan'an, internal and external mining, Kangli Stone, Huahui Stone Industry, etc. are also actively operating into the capital market. “ Among them, Xishi shares and domestic and foreign mining have been included in the 2011 key listed companies in Fujian Province,†a person familiar with the matter pointed out.
However, it should be noted that although everyone is calling for listing, many local stone companies are still "suspended" in the middle of the road due to environmental protection, "unapproved construction" and "during trials". .
"Micro-profit era", listing to ease the problem of "lack of money"
At present, due to high costs and fierce competition, the domestic stone industry is entering the “low profit eraâ€. In this context, Fujian stone enterprises have sought to go public, and what are the secrets behind them? Our reporter launched an investigation into this.
At present, the number of stone enterprises in China is about 30,000, of which dozens are leading enterprises. “Even the leading enterprise with the highest annual output value, it has just exceeded RMB 100 million in 2011, and its market share is less than 0.5%.†Lin Yuhua, a member of the Mine Resources Professional Committee of China Stone Industry Association, told reporters that the current stone industry can be described as a leader. The environmental protection problem is very prominent, coupled with the increase in costs, the company's high output is not bumper, most export enterprises are basically supported by export tax rebates.
"At present, the overall gross profit margin of stone enterprises is almost 30%, and the net profit margin is only about 10%." According to relevant sources of the Xiamen Stone Chamber of Commerce.
The “12th Five-Year Development Plan†of the “China Stone Industry†issued in July last year pointed out that Nan'an Shuitou, Yunfu, Laizhou and other stone industry clusters should do a good job in industrial upgrading planning. "Industry integration will be a big trend, and integration will create a new 'boss', which is the goal of many people. If you don't make yourself bigger, then you have to wait for someone to 'eat'." Accor Mining People told reporters.
There is also a direct goal for enterprises to go public, that is, "circle money." "At the same time as retail profits continue to decline, due to the continuous reduction of stone mine resources, the cost of acquiring mines is also increasing. Stone enterprises need to be large and strong, and need a lot of financial support." A well-known stone enterprise in Xiamen told reporters. "In the era of meager profit in the industry, the demand for funds is constantly being revealed and magnified, and to achieve the above goals, without hundreds of millions of billions of funds, it is undoubtedly a dream."
However, it may not be easy for stone companies to go public. An important reason is that at present, extensive management and competition are more obvious on environmental issues. According to previously disclosed information, a number of listed backup companies have become the focus of environmental verification. In the verification process, some enterprises have had some problems.
According to foreign media reports, the Bandung Stone Industry Environmental Verification Report, which is included in the six subordinate enterprises of environmental protection verification, has as many as 5 unapproved constructions and long-term trials. In addition, there are three companies in Bandung Stone Industry. There was a phenomenon of excessive noise at the boundary of the plant, and before the start of this environmental verification, the six verification companies under the Bandung Stone Industry did not disclose environmental information to the public. These are undoubtedly an important revelation for other stone companies to be listed.
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