June 18 morning, stock transfer system released an innovative layer listed companies initial screening list, a total of 920 new three board listed companies short-listed, compared with the previous forecast of 1000, the number decreased slightly. June 27, three new board innovative layer stratified program will be formally implemented. This also means that the market of more than 7,000 new three board listed companies will be divided into two parts, entered into "double-age" of both the innovation layer and the base layer driving. According to relevant forecasts, after that three new board is divided into two layers, innovation layer will be favored by investors to be growth stocks stronghold because it converged competitive enterprises of good profitability and ability to grow.
Committed to optical communication field, Honghui optics communication (832063)relied on its obvious industrial chain advantages and good business performance, has been successfully selected into the innovation layer, and ushered in a new development opportunities. Tiered mechanism made listed companies differentiated treated, not only solve the problem of asymmetric information, made investors reduce screening costs but also improved the efficiency of investment, and promote the flow aptitudes to incline to the three new board high-quality companies, significantly increasing their market active degree and financing capacity.
Standard three selected, ranking optical communication materials and optical components industry leaders
Innovation layer standard three: a recent deal-making transfer of 60-day average market capitalization of less than 600 million yuan; the most recent year end shareholders' equity of not less than 50 million yuan; the market maker at home for not less than 6; QIP - not less than 50 people. Honghui optics communication adjusted market capitalization over 600 million yuan, the number of market makers 10, 78 the number of shareholders who meet the criteria selected for innovation layer.
Honghui optics communication (832063) is a focus on optical communications industry-related product development, production and sale of the business, as the only one capable of simultaneously developing and producing optical components and optical communication materials leading enterprises, in March 2015, the company successfully landed National SME share transfer system and publicly listed on the transfer, the same year in June to achieve market-making transactions, September was selected three new board component index and do a model of the stock market index, performed well.
Honghui optics communication with its excellent value for money, the industry enjoyed a good reputation, much including Huawei, ZTE, war communications, Corning, a long fly, and so on through to enjoy high-quality well-known enterprises of all ages, while Shell is still the only domestic strategy Partner.
As China's optical fiber and cable industry's leading enterprises cream filling, cream filling Honghui optics communication through in the field regardless of size, quality or formulation technology are significantly ahead of peers. With excellent value for money, Honghui optics communication through in the field of optical fiber cable filling compounds not only completely replace imports, but also exported to overseas, the current domestic market share has reached 40%, ranking the industry first.
Industry outlook for the better, bring more development opportunities for innovation layer
Optical communications industry as one of the strategic industries countries, has been our government's policy support, information technology has been incorporated into the "Thirteen Five" plan. Currently, 4G LTE network construction is accelerating, national key project fiber to the home, smart city, big data, cloud computing is in full swing, future 5G technology has also been put on the agenda, its impact, China's optical fiber and cable industry the next few years will maintain rapid growth.
According to China Industrial Information Network released a research report forecast, refer to "broadband China" development goals, is expected to target growth "Thirteen Five" period will reach 15% -20%, the demand for Chinese cable in 2020 may reach 4 one hundred million core km, while demand continues to grow demand for fiber optic cable will bring fiber optic cable and optical devices cream industry and other related industries to expand, filled with cream it expected 2017 domestic demand will reach 125,000 tons, with wafer prices rebounded from less than $ 200 to $ 600, a return to normal profit levels, the market outlook for the better.
Honghui optics communication through the current products and the business has expanded to optical devices, optical integration, and other aspects of the optical network, optical splitters, optical switches, variable optical attenuator (VOA) chips and other leading domestic technology, the latest being developed WDM AWG chip to fill the gap after the domestic technology. Has grown to be the only company able to develop and produce a full range of PLC and PLC wafer optical splitter, optical fiber cable filling paste, optical fiber cable and secondary coating material PBT PBT masterbatch and other optical communication industry chain products business, to provide customers with one-stop products and services, it has obvious advantages of the industrial chain.
Currently, the new three-panel over 7500 companies in 2038 have transactions, accounting for only 27%, 64% turnover 100 companies accounted for before the new board of the total turnover, poor mobility, recently launched several innovative layer accounted home ratio of only 12%, but net profit, market capitalization, financing accounted for more than 50%, showing the level of innovation focused on three new board listed companies excellent layering properties. The innovative standard layer is a set of blue chip stocks, growth stocks is the standard two, the third is the standard value stocks can effectively improve the quality of enterprise mobility, also make the implementation of targeted regulatory supervision, improve regulatory efficiency.
Gradual improvement, innovation layer layer along with the formal implementation of innovation, and after stratification differentiated regulatory, financing, trading and other supporting systems will be more similar to a half or secondary market; as a collection of a large number of outstanding innovative enterprises focused , the innovative layer capital market is expected to become the new "darling", to win more funding concerns, the proportion of turnover, capitalization and financing are expected to further improve. Or similar stratification Nasdaq market capitalization accounted for the NASDAQ Global Select layer exceeds 90%, accounting for more than 80% of turnover.
Compared with the A-share market, Honghui optics communication earnings ratio is only 15.98 times, far lower than the A shares of the company standard. The company's market valuation has been severely underestimated. With the arrival of implementing tiered policy-making and private policies, is expected to flow three new board will significantly improve the level of innovation, Honghui optics communication is expected to continue to get the favor of more funds, which will help enhance the company's valuation . It is foreseeable that after the selected layer innovation companies will have to face a better market opportunities and development opportunities.
