Huang Jiaxiang of times weekly reporter is sent from Shenzhen
Afterwards is new 3 board enterprise of much home bibcock is converted in succession division achieve board later, face first three-dimensional (830978) also joined enter pass a group of people of same interest.
Print bibcock enterprise as domestic and international 3D, face first three-dimensional the rank is sold in domestic person of the same trade the first, the whole world the 9th, also be new 3 board the company of a star of innovation layer. Announcing sprint division is achieved board later, company share price upsurges all the way, up to stopped a card to already broke up one time.
Face first three-dimensional and fast high-speed backside cannot leave and buy. Hang out his shingle from 2014 new 3 board later, its will include main competitor one after another Tian Yuansan dimension (872587) inside general of income of much home company, but excessive price is bought also bury left business praise the hidden danger that reduces a cost.
Although sit firmly industry bibcock place is old, dan Xianlin 3 only care of gain ability can, the company buckles profit of the net after blame nearly two years to be negative, include afore-mentioned buy a company inside, of the each district below its banner accuse share company to also be in deficit condition mostly, the company is faced with continuously deficit and technical industrialization risk; Additional, company metal adds material to make (common says " 3D is printed " ) the partial core parts of an apparatus of equipment also exists to foreign brand certain dependence.
Reach in the light of relevant technology industrialization continuously the pertinent question such as gain, connection of times weekly reporter is faced first three-dimensional, up to distribute news dispatches to did not win a response.
Declare around share price to break up time
If be landed successfully division achieve board, face first three-dimensional will become Li Cheng to treat the 2nd when always fill group division to fall below to appear on the market company.
2004, the Li Cheng that relies on traditional chemical fibber and textile build up held water to be faced first three-dimensional, march 3D prints a trade. This lukewarm city businessman is having extremely strong sth used to one's own advantage to run ability, the Yong Chengxin stuff that taking skill to found 2013 (03608.HK) land harbor, guided again 2014 face first three-dimensional hang out one's shingle new 3 board, become domestic 3D to print a trade the first.
From the point of equity structure, li Cheng is mixed directly indirect hold company the share of 33.97% , charge a person for company fact, also be to face three-dimensional president first.
Face three-dimensional professional work to enclothe 3D to print entire industry catenary almost first, the data that carried once upon a time is gotten (three-dimensional scanning) , three-dimensional software design, arrive again 3D solution of printout, unifinication, its product application is made at industry, the domain such as spending of biology medical treatment, education.
Three-dimensional to be being faced first and character, 2016 is a double turning point. This year, face three-dimensional business income to break through 310 million yuan first, make a trade very quickly the first. After this, face first three-dimensional and annual selected new 3 board innovation layer, last as the market nevertheless depressed, the share price of the company from go low all the way since 2016, a few again financing proclaims finally failure, until division achieve board after the message comes out, just turned round afore-mentioned situations.
This year on Feburary 27, face first three-dimensional issue announcement, the decision undertakes a hair appear on the market, already referred IPO to coach put on record the material that register, coach the orgnaization is Inc. of China International finance; Subsequently, the company says when responding to media, the plan is gone to division achieve board appear on the market.
Because wrap around personally division achieve board concept, face three-dimensional share price to upsurge all the way first, become new this year 3 board hand in easy one of the most active stocks. Since this year, accumulative total of its share price rises 103% , up to what stopped a card on March 21 the last trade day, close at 8.65 yuan / , total market prise amounts to 2.7 billion yuan; Additional, inside the time that is less than 3 months, the company adds shareholder newly 441.
"New 3 board the company is announced declare division achieve board hind share price appears rise, the estimate that reflects a market of class of just a little is worth difference, division achieve board tall attention is spent and the appraise cost with 2 class higher market can form higher appraise cost to anticipate. At the same time first enterprise suffers the market to chase after hold in both hands can get capital pays close attention to, put in the larger space that cover interest. " northeast negotiable securities Zhang Keliang of president of department of Wu of be transferred to civilian work expresses to times weekly reporter, appraise is worth repair or notional hype, need sees particular company, to according with division achieve board appear on the market standard company is appraise value rehabilitate, need investor understands good family to achieve board fixed position and company development state of affairs.
Although the industry is occupied firmly in home the first, parts of an apparatus of three-dimensional part core still masters Dan Xianlin in foreign enterprise hand however.
"The dependence with the partial core certain to foreign brand existence parts of an apparatus that company metal adds material to make equipment. The metal adds material to make equipment core parts of an apparatus or appliance, scan like laser of laser of quality of tall beam of light, high-power the accurate and optical parts of an apparatus such as Zhen Jing counts an import, if afore-mentioned core parts of an apparatus get exit country,commerce is banned with, the element influence such as control, bring about a company to cannot be pressed need to be purchased in time, and cannot take replacement scheme in time, the production of metallic 3D printer that affects a company possibly is managed etc. " face first three-dimensional express so in risk element.
To this, long-term research is new 3 board senior cast financing expert Xu Xiaoheng to be analysed to times weekly reporter, suffer technical camp effect, domestic company has the core component of hi-tech camp to have a breakthrough hard in these, still be foreign capital enterprise is supplied in dominant at present, this meeting brings about an enterprise to exist on industrial catenary short board, company comprehensive strength is defective, go up to prop up inadequacy downstream, ability of brand excessive price is poor. May superintend an orgnaization next ask ask.
Continuously gain ability need checking
Depend on foreign brand besides core parts of an apparatus, face first three-dimensional still be faced with continuously a series of risks such as deficit.
Book of raise capital by floating shares shows, 2016 ― 2018, the net gain with possessory parent company of company vest in is forteen million seven hundred and twelve thousand two hundred yuan respectively, eighteen million nine hundred and fifty thousand one hundred yuan reach nine million four hundred and ten thousand seven hundred yuan,
"Share of generation of drive of executive equity of bigger, part subsidiary pays amount of cost of research and development of main department company amount subsidiary of bigger, part plan promote trade praise decrease value and intangible assets to decrease value and blame regular amount of allowance of the government in increase and decrease is larger. " face three-dimensional and such explanation first.
See not hard, prevenient face the three backside that keep add deficit, one annulus discounts all sorts of elements closely one annulus. From the point of investment of research and development, 2016 ― 2018, company research and development throws amount to be seventy-nine million one hundred and ninety-four thousand five hundred yuan respectively, ninety-seven million four hundred and eighty-nine thousand three hundred yuan mix one hundred and forty million five hundred and nine thousand two hundred yuan,
Because last deficit, what face three-dimensional choice first is specific appear on the market the standard is the 2nd, predict market prise namely not under the RMB 1.5 billion yuan, do business one year recently income not under the RMB 200 million yuan, and 3 years investment of accumulative total research and development is occupied recently 3 years accumulative total does business recently the scale of income not under 15% .
From the point of the outstanding achievement expression that controls share company, times weekly reporter combs discovery, face first three-dimensional these year of bought company and the subsidiary majority that its establish in countrywide each district are in deficit condition. From the point of business accounting main body, main reason is the nimble Nuo that buys before this flies to face the cloud to print first with subsidiary continuously deficit.
The main reason with nimble Nuo flying bigger loss fastens share to pay to decrease value be caused by with intangible assets. On May 18, face three-dimensional announcement to say first, the company plans to accuse a nimble no longer Nuo flies and choose machine transfers partial share. And Xian Linyun is printed in period inside respectively deficit three million five hundred and thirty-seven thousand one hundred yuan, mix thirty-five million six hundred and seventy thousand three hundred yuan forty-three million four hundred and twenty-seven thousand eight hundred yuan,
Continuously deficit and the progress that face the industrialization of research and development of three-dimensional and relevant technology first are concerned, times weekly reporter combs discovery, include Xian Linyun to be printed inside, face below three-dimensional banner many subsidiary to still be in research and development to throw first period.
"Print in metalloid 3D wait for a domain, use at the 3D that makes directly to print a technology to still be in development phase, industrialization application still is waited for gain ground. The company needs to invest much labor power and capital in process of product research and development. If the product of company future development cannot agree with market demand, or product sales revenue fails to cover cost of research and development, production and relevant cost, the big fund that will bring about a company to throw research and development cannot bring economic benefits, relevant technology existence fails to realize the risk of industrialization. " face first three-dimensional express in risk element.
Xu Xiaoheng expresses to times weekly reporter, if research and development succeeds and the new product project that the company undertakes realizes industrialization, the point of growth that makes company future profit, will increase the expense of the company conversely, cause certain adverse effect to gain level.
Continuously risk of deficit overlay industrialization, ever bought in a large-scale face first three-dimensional return existence business praise the hidden danger that reduces a cost. Up to 2018 end, company business praise Zhang face value is sixty-eight million seven hundred and sixty thousand one hundred yuan, occupy 16.36% what be not liquid assets.
"If prospective company sells dimensions growth or service advantage anticipate not as good as, during it is certain to be put in the company inside cannot come true unless,buckle regular the risk of the gain after increase and decrease. " face first three-dimensional express in special risk clew.
Zhang Keliang expresses to times weekly reporter, to division achieve board register make, inspect the index of certain finance affairs of the company or the perspective from examine and verify, future registers the stand or fall that the core that make is a company to be decided by the market, the stand or fall of incorrect company does orgnaization of examine and verify discern. Xu Xiaoheng is analysed to times weekly reporter, be faced with continuously gain ability be issued to lower levels, be in next link asking ask, face first three-dimensional also should meet the key attention that suffers superintendency orgnaization.
In fact, face first three-dimensional sprint did poineering work 2010 board be denied also last with its gain ability is concerned. When those, hair careful appoint think, of company this level fight risk ability weaker, growing sex and continuously gain ability is put in major uncertainty.
Division of 9 years of sprint is lain between to achieve when board, this, face first become three-dimensionally calculate geometry?
