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2010 3 16, Beijing Triangle by the Commission on Strong Science and Technology Co., Ltd. listed on approval, will be small in the Shenzhen Stock Exchange Market Exchange. It is understood that UCO will thinking Zhuang March 24 online, offline subscription. So far, Beijing Triangle Technology Co., Ltd. on Strong became the first log of the capital market car navigation companies. Similarly, 22 January 2010 the Commission issued the Audit Committee 16 th, 17 th meeting, the Commission adopted the Beijing NavInfo Technology Co., Ltd. and three other companies starting applications. If all goes well, NavInfo electronic map will be listed on China’s “first people.” In the car prior to loading areas, the Chinese navigation map market has long been NavInfo, high moral monopoly of two companies, the companies account for about market share of 98%. With the four-dimensional map of new listing application will be successful too, is said another area of pre-loaded high-strength enterprise software will go to Germany and overseas capital markets. This shows that the two leaders in the electronic map of competition has spread to the capital markets. Automotive electronics enterprises have been testing the water capital markets Click here to view all news photos In-car navigation electronic map industry and for industrial enterprises have listed, is the most anticipated car multimedia entertainment company, we understand that the domestic first-class car audio companies are ready for it, such as Guangdong has been a good helper on the planning the steps listed, I believe the market car audio business is a matter of time. Automotive electronics companies to tap the capital market, especially in car satellite navigation and entertainment service based industry, automotive electronics business initiative, which reflects the automotive electronics industry, especially the development of car navigation industry thriving. In recent years, with the automobile industry in China’s rapid rise gradually in depth the development of the automotive industry, with the industry, precipitation and accumulation, to car navigation, car marked the demand for information services industry expanded rapidly. But industry has a lag of a chain reaction in China car navigation industry development has lagged, in order to catch up with the pace of development in the automotive industry, by means of capital market forces to solve financial troubles have also become an inevitable trend. This, from the Triangle on Strong’s prospectus can be seen: the prospectus shows, UCO on Strong plans to issue 3,000 million shares, to be and fund-raising 469 million yuan, raising funds to be invested satellite navigation data acquisition products and development base, satellite navigation compatible system emergency equipment and mitigation application service platform and car satellite navigation intelligent information systems with a total investment of 5.45 billion, the company’s own capital investment 76,388,300 yuan, is expected to raise capital investment 469,000,000 yuan. Car navigation industry, capital markets, enterprises have the water tested, they show in the capital market will do? Although the stock from the Triangle purchase issued on Strong some time, but given the major brokerage inquiry interval point of view, be regarded as quite satisfactory. Qilu Securities to UCO on Strong 25 to 30 times 2010 earnings, the corresponding purchase prices range from 18 to 21.6 yuan. Consider the IPO discount of 15%, corresponding to 15.3-18.36 per share price. Since landing on Strong Triangle is GEM, even 35 times earnings are not high, but from an investment point of view, just a low price-earnings ratio of investment to the investor a certain space. Qilu Securities analysts believe the future of satellite navigation industry, rapid development, which proves the development of car navigation industry began to attract enough attention to the capital markets. In China, the car is gradually changing from the luxury to necessity for the family, the future navigation needs will be unlimited. Then from a technical perspective, 3G wireless technology, and future triple play (triple play is the telecommunications network, computer network and cable television network through three major technological innovation, can provide, including voice, data, images and other integrated multimedia communications business.) are for the development of car navigation industry to provide more space for development prospects and to be expected. Navigation from the future development of the industry trend, the capital market also needs further support the development of future technologies will be the navigation the Industrial Revolution brought change style, but this transformation takes a lot of money to support the capital market, let alone our country Now the level of the navigation industry is still lagging behind, compared to foreign dynamic traffic information service industry size, level, especially in Japan VICS, Europe and the United States of RDS-TMC’s level of development, we also greatly enhance the space, which constitutes a capital the market value of investments. Course, the car navigation industry businesses to tap the capital market is not without risk thing. As the automotive industry, research and development information service needs a lot of money, but the return on investment is relatively slow, the listed companies in need of financial results of the test, which does not rule out the possibility that some of the funds urgent interim profit result of the financial risk to flee , especially at this stage, the U.S. government has repeatedly put pressure on RMB appreciation, although the Chinese government to maintain the yuan in a short period of relatively stable, long-term appreciation of the yuan is expected to have open, international hot money has already began to stir, once the international hot money to enter the field of automotive electronics will give the industry more volatile, they have to be vigilant. Conclusion: No matter what point of view, a car navigation industry representatives automotive electronics enterprises listing and financing are a sign of industry maturity, are the continued development of the industry needed to grow through the process, with the support of capital market financing , car navigation industry, so automotive electronics industry, the road to the future are more spacious. Statement: this release are automotive original article, reproduced please specify, thank you!
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