It's Happening....
Capital market boosts new economy
- Details
- Category: Ningbo Business
- Published: Monday, 16 March 2015 11:09
Ningbo Medicalsystem Biotechnology has been approved for getting listed according to the announcement at the CSRC website on the evening of March 6, becoming the next company to appear on the stock market following the Tuopu Group. It is reported that the company is the 64th enterprise in Ningbo to become listed, and the 5th since the beginning of 2015.
In recent years, especially since the past half year, the local enterprises have gained increasing enthusiasm to dock with the capital markets at all levels. A large number of enterprises have actively applied for being listed on the main board of the stock market, and some enterprises are ready for the new OTCBB and outside stock markets.
According to Ningbo Financial Affairs Office, besides the Medicalsystem, 12 Ningbo enterprises are currently under inspection, and a group of enterprises (a lot of which are involved in the emerging industries) will apply for IPO in 2015.
The prospectus of the Medicalsystem shows that the company is engaged in the research and development, production and sales of the in-vitro diagnostic products, and is able to provide the third-party diagnostic services. It has obtained the registered certificates for 127 in-vitro bio-chemical diagnostic reagents, which makes it one of the domestic manufacturers with the most complete diagnostic reagents.
Baosi Compressor, a company in the field of cleaner environment-friendly energies, has also submitted the application for IPO to the regulative department concerned. According to its prospectus, located in Fenghua County, the company is a major provider in the domestic screw machine market and a leading provider for the screw compressor with advanced technology, and is now expanding to the field of energy cycling. The company aims to be listed on the GEM, and the capital raised will be used in the project of the screw compressor machines, the industrial project of the screw compressor collection and the construction of the research & development center.
Exciton Technology has also applied for IPO. As a leading domestic manufacturer of the optical film used in the LCD display, the company is a representative of the new materials industry in Ningbo. Its products are mainly used to such consumer electronic products as TV sets, computers and mobile phones. With 13 authorized patents, including 10 invention items, the company achieved an average annual comprehensive growth rate of 89.56% for its main business income, and an average annual comprehensive growth rate of 28.3% for its net profit from 2011 to 2013.
According to Zhou Kai, Deputy Director of Ningbo Financial Affairs Office, the enterprises applying for IPO are all leading enterprises with strong advantages in their fields. Some are from the manufacturing industry, and their production process or products are high in technology content. Some are from such rapidly developing and promising emerging industries as new materials, environmental protection equipment and health industry. The listing of the enterprises on the stock market will promote the rise of a group of new leading enterprises in the emerging industries.
