By "selling wine bottles", the impact of the listing of talents glass powder decoration performance "flicker" investors?

The proportion of glass bottle business revenue to the main business continued to rise. It has reached 96.65% in the first half of this year. The contribution gross profit accounted for about 90% of the gross profit of the main business. The gross profit contribution of the bottle has accounted for nearly 80% of the gross profit of the glass bottle business. That is to say, Zhejiang Caifu Glass Co., Ltd. (hereinafter referred to as “Caifu Glass”) is preparing to sprint the A-share main board market with the profit of the “selling bottle” business. It is quite surprising that the listing has not yet passed, and the actual controller is ready to cash out. The company will publicly issue new shares and shareholder offering shares, totaling no more than 24 million shares, of which no more than 24 million shares will be issued. The company's shareholders have no more than 12 million shares to be offered. Even if the company's latest increase in the issue price of 5.8 yuan/share in June 2015, the company's shareholders will sell 12 million shares to cash in 69.6 million yuan. The prospective investment is expected to be so boastful Caifu Glass is principally engaged in the research and development, production and sales of daily-use glass packaging containers, including glass bottles and glassware. The IPO was listed on the IPO. The company has two expansion projects of “180,000 tons of glass packaging containers per year” and “60,000 tons of glass packaging containers per year”. The plan is to invest 300 million yuan and 120 million yuan respectively. Use fundraising. According to the calculation of Caifu Glass, after the two projects are fully put into production, the former can realize an annual new income of 755 million yuan, an annual total new profit of 92 million yuan, an annual net profit of 69 million yuan, and an investment payback period of 6.5 years (including 5 The construction period is the same; the latter can realize an annual new income of 160 million yuan, an annual total new profit of 27.46 million yuan, an annual net profit of 20.52 million yuan, and an investment payback period of 6 years (including 2 years of construction period). After waiting for 5 years to reach full production, the two fundraising projects will be able to achieve an annual new income of 915 million yuan and an annual net profit of 89.52 million yuan. In the first half of the reporting period from 2015 to 2018, Caifu Glass achieved revenues of 194 million yuan, 211 million yuan, 309 million yuan, and 198 million yuan respectively, and net profit of 288.223 million yuan, 32.336 million yuan, and 5010.67 million yuan. 31,347,700 yuan. According to this calculation, the fund-raising project will fully contribute three times the revenue in 2017, and the net profit will almost double. Caifu Glass responded to an interview with the reporter of China Times, saying that the fundraising project is an investment decision made on the basis of combining the actual situation and taking into account the risk factors, which can enhance the company's production capacity and expand its business, and provide necessary for future sustainable development. Production space. On the one hand, it can further enhance the company's scale effect, reduce production costs, improve the quality of products, on the other hand, it can expand the sales and transportation radius, cover the sales area to the northeast, and have a market prospect of reasonable consumption. As for how to ensure the realization of the expected income of the fundraising project, what are the major operating environment unfavorable factors facing the company's operation, but the government glass is closed. Comparing the performance and market dilemma of the listed company Deli shares (002571.SZ) and the industry leader Shandong Huapeng (603021.SH) after listing, it is not difficult to find that it may be based on the expectation that the market prospect is not optimistic. The shareholders including the actual controller Chen Pingan are ready to sell cash. When Deli shares went public in 2011, the fundraising project was blown up. After 7 years of listing, the expected income of the fundraising project was not achieved. In 2015 and 2016, the company lost more than 60 million yuan for two consecutive years. In 2017, the company was Wearing a hat and wearing a hat, has now fallen into the embarrassing situation of selling shells. The annual sales of glass bottle and can products of nearly 600 million yuan, Shandong Huapeng landed in the capital market in 2015, the production capacity of the national layout, but after the listing, there will be a change in performance, after the deduction in 2017, direct losses, various "commitments" at the time of listing Broken a place, is currently seeking transformation and restructuring. In the description of the changes in performance, Deli shares and Shandong Huapeng all pointed to the old problems of the industry, low supply and low supply, high level of supply shortage, weak and scattered, low quality and low price, homogenization and irrational competition. The structural overcapacity of production capacity and the increasing cost of comprehensive production; the adjustment of national industrial structure, the pressure of energy conservation and emission reduction is on the rise; the ability of independent innovation and the ability and means to cope with sudden crisis are still weak.