The news that Foxconn entered the A-share market once triggered a hot discussion in the capital market. On the afternoon of March 4, the announcement of a working conference of the Securities and Futures Commission of the China Securities Regulatory Commission was once again shocking the whole market.
The announcement shows that the 17th Audit Committee will review the initial meeting of Foxconn Industrial Internet Co., Ltd. on March 8.
Foxconn announced the prospectus for the prospectus on February 1 and will attend the meeting on March 8. It is widely believed that this reflects the full support of the CSRC for the new economy and unicorn enterprises to land on A shares.
Foxconn’s actual controller is Hon Hai Precision, which is known as “the world’s largest electronics OEMâ€. The head of the group, Guo Taiming, is among the best in Taiwan’s rich list. According to the prospectus submitted on February 11, Foxconn is mainly engaged in the design, research and development, manufacturing and sales of various electronic equipment products. In 2017, it realized operating income of 354.544 billion yuan and net profit of 16.22 billion yuan.
This "big Mac" Taiwan-funded enterprise has landed in A-shares, which is of great significance to A-shares.
In the past February, the speed of IPO running by Foxconn has never been seen before. On February 1st, the draft of the prospectus was reported; on February 9, the prospectus and feedback were announced; on February 11, the second draft was submitted; on February 22, the prospectus entered the “pre-disclosed updateâ€. "status.
In just one month, there is a 7-day Chinese New Year holiday in the middle, and Foxconn has already sprinted to the final pass of the A-share listing.
If all goes well, some analysts believe that Foxconn will go through the meeting smoothly and expect to land in the A-share market in April. This means that Foxconn's listing period for A shares will be only two months.
Some investment bankers told reporters that from the process point of view, Foxconn, like other companies that are going to be listed, first pre-disclosed the prospectus, which is what everyone often said, “starting to line upâ€. After the communication feedback session in the meeting, After the pre-disclosure update, the company's Q&A feedback process will be posted to the end of the trial and the organization will conduct an audit work meeting.
According to the information disclosed by the official website of the China Securities Regulatory Commission, as of March 1, there were 202 companies in the normal public offering status of the initial public offering of stocks in Shanghai, and 213 companies in Shenzhen. In other words, there are still 415 listed companies in total. In a queued state.
The above-mentioned person said that for these companies in the queue, it is necessary to wait for at least half a year after the pre-disclosure, and then the pre-disclosure update will be carried out.
In contrast, Foxconn's speed is "can be faster than the speed of light."
New economic enterprise IPO is supported by green light all the wayIn addition to the speed, the relevant departments also exempted Foxconn from not meeting the listing requirements - the company was established less than three years ago.
According to the prospectus, Foxconn was established on March 6, 2015. At the time of its application for listing, it has not been completed for three years, and it does not meet the requirements of the “Administrative Measures on Initial Public Offering and Listingâ€. However, the regulations also point out that those who do not meet the conditions are subject to the approval of the State Council. Obviously, Foxconn got a "exemption certificate."
All these can be seen, the regulatory layer is welcoming the new economy, "unicorn" companies listed on the A-share market with rare support.
Earlier, another investment banker told reporters that the regulatory authorities have recently conveyed to the relevant brokers the general direction of the capital market to help China's new economic policy.
In terms of implementation of specific policies, there are actually three major dimensions.
The first is to support large-scale enterprises with strategic value that have been listed overseas and issue securities in the domestic market.
Second, it is to support unicorn enterprises with a VIE structure and a market capitalization of more than 10 billion US dollars, which are listed on the A-share market.
Third, the “four new†enterprises that support the registration in the territory but have not yet listed and have the development value of the industry will be listed on the A shares as soon as possible.
The investment bank said that for these companies, the regulatory authorities will take special measures to "take Foxconn's road" - which means that Foxconn's IPO process is pressed by the accelerator, the driving force is mainly from the regulatory layer. The whole process will also become a model for the new economic enterprises and unicorn companies to accelerate their listing in the future.
The senior officials of the China Securities Regulatory Commission also rarely commented on this case.
Jiang Yang, member of the National Committee of the Chinese People's Political Consultative Conference and vice chairman of the China Securities Regulatory Commission, commented on Foxconn's rapid listing on March 4th when he was interviewed by the media of the CPPCC Economic Committee.
Foxconn Concept Unit
Don't think that Foxconn is just a simple foundry.
According to the prospectus, Foxconn plans to invest the funds raised in this issue, and after deducting the issuance expenses, it mainly invests in eight directions: industrial Internet platform construction, cloud computing and high-performance computing platform, efficient computing data center, communication network and cloud. Service equipment, 5G and IoT interconnection solutions, intelligent manufacturing new technology R & D and application, intelligent manufacturing industry upgrade, intelligent manufacturing capacity expansion, the above eight investment directions, fully in line with "new technologies, new industries, new formats, new models" The new policy of the policy.
Looking at the current A-share listed companies, who can be regarded as Foxconn concept stocks?
According to incomplete statistics, there are indeed many companies in the A-share market that have business dealings with Foxconn and are suppliers of Foxconn.
Including Shennan Circuit (002916), Yuhuan CNC (002903), Saiteng Shares (603283), Jingquanhua (002885), Guangyunda (300227), Fenda Technology (002681), Shenghong Technology (300476), Jin Extension shares (300400), Xinya process (002388), East China Science and Technology (000727), Water shares (002886), Guangxin materials (300537), Jinlong Electromechanical (300032) and so on.
In addition, Fuding Electronic Technology (Jiashan) Co., Ltd., the second largest shareholder of Ancai High Tech (600207), is a subsidiary of Foxconn and is also regarded as one of the Foxconn concept stocks.
24 hours mechanical Timer
Instant indicator
Min.setting time:15 minutes. Max.setting timer:24 hours
With hand switch,can be switched to operating and
setting at any time
Instructions:
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off time.
For instance, if you want electrical devices to work from 8:00am to 11:00am and from 13:00pm to 17:00pm, you
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2. Set the current time: Turning the dial clockwise until the arrow pointing to
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Note: = Normal Ope n = Timing
Make sure the switch on the Timing position. If it
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Specifications:
|
Rated Voltage, Current and Power |
As shown on the label |
|
Time Setting Range |
15minutes24hours |
|
Working Temperature |
-10℃?+55℃ |
|
Operation |
Clockwise |
|
Insulation Resistance |
>100M |
|
Inherent Loss |
≤1W |
Application:
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