IPO appears to be withdrawn from the listing of sanitary companies, or will be more rigorous

According to "China Economic Weekly" report, in early 2013, Emperor Sanitary Ware announced a high-profile IPO. Subsequently, Shen Luda, Jiu Mu kitchen and bathroom, brilliant plumbing, etc. also announced their own listing plan. Wang Huiwen, chairman of Tangshan Huida Sanitary Ware Group, revealed the news that the dream of listing may be achieved within two years. In addition, the sanitary ware enterprises that have been listed in the queue in 2012 and the nautical sanitary wares that have been listed, the surge in the sanitary ware industry, highlights the enthusiasm of the sanitary ware enterprises for the pursuit of listing in the past one or two years.

However, the current listing environment is not very ideal. In addition to claiming that the most severe financial verification storm in history has lasted for more than a month, IPO retreat companies have also seen a significant increase. According to the latest “Regulations on the Basic Information of Enterprises Approved by the Shanghai Stock Exchange” issued by the CSRC, 41 listed companies have terminated the listing process this year. Among them, as of March 13 alone, as many as 12 companies listed on the GEM have cancelled their IPO applications. The IPO “drawing the tide” has reached its peak and has a trend that continues into the last week of March.

In this context, the listing process of sanitary ware enterprises will be affected more or less. On the one hand, from the perspective of companies that have withdrawn their orders, the reason for the termination of the review is mainly that the financial and performance growth cannot meet the requirements of the CSRC. To successfully launch a sanitary ware company, it is necessary to have a good performance in finance and performance. On the other hand, due to the impact of the IPO “removal of the tide” on PE, considering the financial packaging or performance fraud will cause trouble for PE, PE will become more cautious on the investment of listed companies, financial and performance. The verification will be as severe as the SFC, and the sanitary enterprises must also make a difference in these two projects in order to obtain the favor of PE.

Affected by this, sanitary companies will become more rigorous. Strict financial verification by the China Securities Regulatory Commission and the PE institutions will cause the sanitary ware enterprises to pay more attention to financial self-examination before listing, and even attach importance to the overall self-examination of enterprises, especially those with financial packaging, performance fraud or unclear equity. Or will delay the listing plan. For the sanitary ware enterprises and the stock market, it will be a good thing that outweighs the disadvantages. It will not only help the standardized operation of the enterprise, but also can avoid the situation of the problem after the listing is forced to a certain extent, and will guide the sanitary ware enterprises to be more rationally listed. . At the same time, for the majority of investors, this is also a responsible embodiment, which has reduced the risk of investors investing in the stock market to some extent. The more rigorous and rational treatment of listed sanitary ware enterprises will inevitably exert greater energy in the future listing process.

It is worth mentioning that although the IPO “withdrawal of the tide” has had a certain impact on the sanitary ware enterprises, it has more thoughts and more rigorous attitudes in the listing process, but it is relative to the enthusiasm of the sanitary ware enterprises. It will not affect the listing enthusiasm of sanitary ware enterprises. Not only that, the listing environment is not very ideal and it has not affected the strong daily limit of the home sector. On the contrary, with the news that furniture companies and sanitary ware enterprises have been listed on the market, the home sector has continued its strong features in recent times. As of 9:00 on March 22, in addition to the strong daily limit of Chenglin shares, seagull sanitary ware and other stocks also rose. It can be seen that in the current period of time, sanitary ware listed companies are in a more concerned position in the stock market, and their performance is relatively good. This will be a good news for the listed bathroom companies, or will bring greater confidence.

Source: Zhongjie Net