Be built by the Xinjiang traffic that numerous problem pesters a body group Inc. (abbreviation: Xinjiang is handed in build) greet finally after replacing close half an year of manual of raise capital by floating shares on the day of the meeting. The company plans to handing in place greatly to issue 65 million publicly, after issueing, total capital stock is 645 million. This second IPO plans collect fund 840 million yuan, cast produce at purchasing equipment to promote construction efficiency can project of capital of operation of technical reformation project and professional work of construction of engineering of additional means bridge. However, " finance invests a newspaper " the reporter notices, it is after book of raise capital by floating shares is newer, the market makes the doubt that build to Xinjiang sound is ceaseless, include bad Zhang of receivable Zhang money among them plan carry far place a bank not to wish under capital of person of the same trade, a huge sum investment of go ahead of the rest, inside control the problem such as management.
■ Lin Ke of our newspaper reporter
Receivable Zhang section is bad Zhang plan is carried far under the person of the same trade
From receivable Zhang paragraph plan carries what bad Zhang prepares to look than coming, xinjiang is handed in building what differ with company of the great majority inside the industry is, company 1 year, 1-2 year, 2-3 year, 3-4 year, 4-5 year the receivable Zhang section inside Zhang age interval is bad Zhang plan carries scale to appear on the market under course of study of person of the same trade apparently company.
Xinjiang is handed in build express, from bad Zhang preparative plan carries scale to look, two years of less than of company are bad Zhang plan promotes scale and trade of person of the same trade average level is adjacent, 2-4 year plan raise scale slightly under course of study of person of the same trade average level. However, the company should be stated sufferred line of business inside extensive doubt; In the meantime, the receivable Zhang money that the company passes on the low side is bad Zhang plan is carried, be existed to color by doubt the likelihood of outstanding achievement.
Hand in with respect to Xinjiang build each time paragraph receivable Zhang section is bad Zhang plan carries scale to look, 1-2 year bad Zhang plan raise scale for 5% , the company inside the industry is generally 10% , bridge of boreal new way is to achieve more 15% , industry average also was achieved 8.79% . The company shows 2-4 year plan raise scale slightly under course of study of person of the same trade of average level stating is to avoid the important and dwell on the trivial more. 2-3 year firm of receivable Zhang money is bad Zhang plan raises scale for 10% , the company inside the industry is generally 15% , 20% , 30% , average is achieved 20.29% , the company is bad Zhang plan raises scale under industry average one times superabundant; In addition, company 3-4 year Zhang age is receivable Zhang section is bad Zhang plan raises scale for 20% , the industry is on average 33.29% , company under industry average 4 into. If eliminate is bad,Zhang plan promotes scale and trade the dragon that general situation is widely divergent builds share, the company is bad Zhang plan raises scale is more far under the industry general level. See not hard, section of company receivable Zhang is bad Zhang plan carries scale and course of study of person of the same trade to appear on the market the company is put in huge gap, be not a company so called " slightly under " .
From receivable Zhang money individually Zhang age is occupied look than coming, xinjiang is handed in build 2016 annual Zhang age is in the receivable Zhang money of 62% 1 year inside, in addition, with bad Zhang of course of study of person of the same trade plan carry the 1-2 with scale very far apart year, 2-3 year, 3-4 year the receivable Zhang money of Zhang age is occupied respectively 16.99% , 8.59% , 7.58% . Market personage doubt points out, money of receivable to the majority Zhang gives the company unusual appear on the market under course of study of person of the same trade the company is bad Zhang plan raises scale, can release not small gain among them, company presence colors outstanding achievement suspicion.
Gigantic endowment " lie " the bank does not wish go ahead of the rest is devoted
Hand in in Xinjiang in building 840 million yuan when draft collect endowment, only devoted in kind buys " purchase equipment to promote construction efficiency to produce can technical reformation project " cost 190 million yuan only. However, the company sits have nearly 1.6 billion yuan of bank deposit, also did not undertake to this project go ahead of the rest is thrown.
Hand in from Xinjiang again build this collect to cast a project to look, the company shows, outside removing the aegis compose aircraft that purchases place of project of traffic of Urumqi city orbit newly 2015 to use and gantry crane equipment, company not energetically invest in buys machine equipment. Partial bed facility tends ageing, technical condition is very not ideal, influence construction efficiency and produce can. Construction market competition is at present intense, owner just is versed in to rising Cheng quality, shorten the demand year after year of time limit for a project rises. If cannot raise equipment level gradually, will immediate impact enlarges the market to have further to the company lead and in can last long-datedly development. Hand in from Xinjiang build afore-mentioned stating to see not hard, of new facility purchase will positive to company generation obverse side to urge action. Why is the company not right should does the project with collect lesser endowment undertake go ahead of the rest is thrown? To this market doubt says, the company appears on the market meaning in " group fund " , in fail to finish " group fund " before, stem from safe consideration to won't throw collect to join a project with own reserves.
In addition, xinjiang is handed in build inside accuse ability to be not worth a problem to highlight. " finance invests a newspaper " the reporter notices, came 2014 between September 2017, xinjiang is handed in build the administrative punishment that is amounted to 28 times in all, involve the aspect such as duty Wu, environmental protection and land, accuse to manage ability to be denounced by the market inside the company.
Specific in light of, xinjiang hands in the problem of respect of the Wu that propose tax to be highlighted particularly, the portion came in July 2014 June 2017 portion, 3 years short time, the company is total receive bureau of tax of and other places of Urumqi, A Letai 23 administration punish a book, the company is punished repeatedly make repeatedly, financial and normative problem is highlighted. In addition, environmental protection problem erupts centrally. According to exposure, the company is in in August 2017 - there is environmental protection 4 cases to punish incident between November. In the meantime, the problem that because be covered an area of illegally,builds a house also has sufferred punish. The Xinjiang inside short time is handed in build punish often by, the problem that ability inadequacy controls inside the company gets market attention fully.
The course queues up for a long time, xinjiang is handed in build differ only " face an one foot " , however a series of problems are exploded to go out, xinjiang is handed in build whether meet too, sent careful later on on September 4 appoint will give out the answer. Make the other issue that the reaction in building manual of raise capital by floating shares comes out to Xinjiang, " finance invests a newspaper " the reporter will continue to pay close attention to.
