refinedSteel construction or finishing work group is not really short of money

Wen Hao Jing Shanghai reports deliberation was led by Ministry formulated poly silicon industry relevant supporting policies. Recent domestic polysilicon prices continue to fall, productivity at the same time the continuous release, this is exactly what States reported the cause of the polysilicon industry is necessary. The Ministry introduced new policies on whether companies have substantial positive? Jing Gong technology (002006.SZ) Tung MI-Huang Weiming on the Huaxia times reporters: "we are the industry upstream, belongs to the subdivision, the specific effect is performed depends on how. "The reporter asked the current polysilicon pricing, Huang Weiming said," we have a silicon base, but size is not very big, a bit experimental, prices and markets, is indeed very low. "Cold spellEquipment for the King as a solar PV market bellwether of polysilicon prices this year has sustained decline. Market data shows that in March this year, short-term domestic polysilicon prices broke through the $ 700,000/territory tons of high dive all the way since then, in June fell by almost half to $ 400,000 when selling tons, by the end of October, prices had fallen to $ 200,000-250,000/territory ton, priceCrash instead of reducing production capacity increased, making polysilicon prices in a vicious circle. "After equipment producers have a certain degree of cyclical. "Shanghai huaxin securities researcher Xu Chengjian says," photovoltaic production enterprises to see product prices, will go to purchasing new equipment, which leads to the device manufacturers compared to industry cycle have a certain lag. From the equipment manufacturing industry, the totalIs more worrisome, but different, like Jing Gong technology of polycrystalline silicon enterprises to reduce costs is bound clients. "Xu Chengjian noted that polysilicon industry there are two trends: first, the demand has not declined, and second, the drop in prices. Demand mainly from Europe, and if prices continue to fall, will lead to industry investors not to invest, for them under the priceFalls to a certain extent further investment brought about by the relative return on investment will increase, so they might slow the steady decrease in hand, four quarters is expected to be better. Jing Gong technology took some years, but was a sharp decline in operating cash flow: third-quarter cash flow from operating activities-32.94 million Yuan, while at the end of last year this figure wasAbout 220 million. Huang Weiming swtor credits, explained: "because we also accept settlement business, this year may be tight in the larger environment, so obvious, but we can also be used when the payment drafts, so no major effects for capital. "" Fine work "lack of money? On November 24, Jing Gong technology announcement said that the fourth Board of Directors of the company19 meeting examined and adopted the Convention relating to the use of idle motion to raise liquidity in the money is added, agree that the company will produce 500 units (sets) solar photovoltaic equipment manufacturing expansion projects raise capital of 40 million Yuan for the time being used to supplement the idle liquidity, age not over 6 months since May 27. Company has been on November 22 of the 40 millionReturn all raise funds dedicated to the project account. Previously on November 4, Jing Gong technology received a seminal work of controlling shareholders group of notifications, the original pledge to 15.4 million shares the understanding custody formalities of Shaoxing Bank, pledged to the Yunnan international trust after, and ending at that time, the 29.92% of seminal group Trojan pledge company shares, and all of its shareholders was 29.95%. Huang Weiming expressed: "big assets of the shareholders there are lots of other sectors, they have their financing purposes, so this quality escort charges before there is, now, too, not much changes. "Before the Hualian sanxin and aspect security crisis in the group, after the debt crisis of Wenzhou, finishing what is the status of the work group? Fine group behind the helm is in ShaoxingMan Jin Liangshun, currently under has refined technology, precision steel and textile city three listed companies, and its fourth kuaiji mountain wine in March this year by Zhejiang Provincial Environmental Protection Bureau environmental protection public announcements, are making IPO final sprint, scenery infinite. But in recent years, questioning has been of essential capital chain of, with the exception of Jing Gong technology and precision steel construction in recent years, performance is notMistakes, textile city is mediocre performance, performance failed to meet commitments in several years, fine cut meat group in 2008, but 50 million paid profit the difference, in November of that year, finishing work group to transfer their textile city of 96.8 million shares to the market development of Shaoxing China textile city limited, transfer price $ 3.6 per share, thereby abdicated's second-largest shareholder, although compared to the currentAround 7.7/unit price is low, but cash in $ 348 million solution for finishing work group also considered thirst. Except for shareholding hypothecation of essential science and technology, precision steel structure of shareholding hypothecation is frequent. Not only that, precision steel frame in July this year got open on the issue of the approval, on November 23, got his corporate debt issuance approval, refinedSteel construction or finishing work group is not really short of money? Precision steel frame Mr Tung MI higher said: "for corporate bonds and the shares of additional funding and we have a different orientation, and corporate bonds issued is a 6-month period, according to market conditions to determine when to send, and the latest coupon has already have signs of a downward. "Precision steel frame of the proposed issuance of not more than 55 million shares raised NET funds not exceeding $ 971 million, to be invested in four projects: production base of heavy special-shaped steel structure projects, industrial building system industrialization project in southern China, multi-layer business integration of steel structure buildings projects, building integrated PV project. Release 700 million corporate bonds are optimal for the reimbursement of part of the Bank loans, debt structure and additional liquidity.Fine textile city is currently experiencing another listed company property reorganization, intends to inject assets are substantial shareholders of textile city dongsheng road and North of the market held by the development of stock market assets and corresponding advance rentals and deposits payments, underlying assets valued at about $ 2.23 billion. Jin Liangshun textile city on the first unit of the Department of fine integration is not smooth, Jin Liangshun textile cityAs a resource, the steel structure of their assets into the textile city, but because the business is very different from the two, difficulty operation is too large to give up. Textile city is positioned in a professional market and modern logistics industry, logistics and other assets being divested by listed companies in recent years. Was supposed to light textile city, heart of the development of value-added services platform Huijin International Plaza at the end of last year was a loss transfer�� "Is about more than more than 100 million. "Ji Baohai textile city securities representative said," then encounter the country's macro-control, and we stock prices was also conducted in public, price is determined by the market. "Ji Baohai also said" there is a fine second shareholder of the group but we, as for the assets reorganization swtor power leveling, textile city development there has convened a meeting of creditors, reorganizationDetails can go to see their announcement. Textile city also owns 34% shares of kuaiji mountain, once listed, the performance will undoubtedly achieve substantial growth. "Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.