80.56% of the printing enterprises realized profits, low liquidity situation needs to be breakthrough

80.56% of the printing enterprises realized profits, low liquidity situation needs to be breakthrough

    As of May 16, 2016 in NEEQ classified as "printing and recording media and duplicating industry" enterprises with a total of 37, besides XINTUXINCAI company has not released the annual report, 36 printing enterprise were released 2015 annual report.

Taken together, 23 companies revenue growth, 29 companies realize the profit. E-commerce platform for power, high and new technology enterprise leading industry development, the printing enterprise to hand over a bright eye report card, but behind the prosperous also exist some concerns.

80.56% of the printing enterprise to realize the profit

    NEEQ listed printing enterprises for the start-up type, growth, asset size and operating cash flow and main board listed companies exist significant difference, but NEEQ listed printing enterprise has made a show of "newborn calves are not afraid of tigers" of the spirit, expansion speed to be reckoned with.

    Specific view, NEEQ 2015 printing enterprises total revenue is 5.942 billion yuan. The revenue of more than 100 million yuan of above at 18, accounting for half of the total. Revenues of more than 500 million yuan three enterprises, HUCAI, TIANYUAN and LONGDELI respectively, with $1.224 billion of revenue held HUCAI among them.

    36 enterprises, 23 to achieve growth, make up about two-thirds of the total number of CAIHONGGUANG, TIANYUAN, FALAN 14 companies in revenue to achieve double-digit growth. Including CAIHONGGUANG has become a "black horse", operating income in 2015 than the previous year 269.21% growth, expanded nearly two times.

From ownership of the parent company net profit of shareholders metrics, only seven net income is negative, 80.56% of the enterprises to realize the profit. Half in 36 enterprises, enterprise's net profit achieved double-digit growth, growth in the top three, respectively is BOXINGLONG (4112.68%), TONGLI (803.27%) and DAMEICHENG (640.66%).

Looking for a bright spot Electricity to a new platform

    The influence of the capital began to appeared in print. In the original platform for power at the same time, the construction of the new platform has been printing electrical business on the agenda. YOUFU in 2015 the company's "cloud" printing platform, HUCAI company "Jane" APP in succession fall to the ground, become the enterprise to expand a new addition to the business areas, enhance profitability.

    Last February, YOUFU company independent research and development of new "cloud print" and running platform, to provide product customization services to small and medium-sized enterprises. Based on a "blessed net cloud printing" platform advantages, YOUFU company formed with sustainable development ability printed personalization industry layout. YOUFU company operating profit income growth by 6.96% in 2015, printing product customization such as product gross margin percentage increase in the income structure.

Last October, HUCAI company officially launched the intelligent photo book, calendar, photo card application "Jane" APP, has become a new bright spot of personalized photocopying business. In the original "tiger color images" web site, on the basis of "Jane" the APP will direct sales personalized products and services for personal consumption group, will HUCAI company sales channels to expand to the field of mobile Internet. According to the annual report, 2015 HUCAI company personalized print business revenue grew 432.71%.

Be "high-tech enterprise", enjoy preferential policies

    In 36 enterprises, 19 companies have been certified as a high and new technology enterprise, according to the law, enterprise income tax shall be levied according to the tax rate of 15%. Tax incentives, can improve enterprise cash flow, the enhancement enterprise operating results. According to the annual report data, operating income in the top five companies and net profit in the top four companies are high-tech enterprises. The printing enterprise, actively reserves technical force to meet the requirement of a high and new technology enterprise, production technology research and development, innovation become a trend.

    Analysis data, the 19 "high-tech enterprise" in 2015 the average revenue is 253 million yuan, more than 17 of "high-tech enterprises" operating income of 66.7703 million yuan on average. 19 "high-tech enterprise" the average net income ($14.1798 million) is also home to 17 of "high-tech enterprises" ($201300) more than 70 times, the visible "high-tech enterprise" in leading role debut in the enterprise.

    Debut printing in the ranked first BOXINGLONG, net profit growth in 2015, continue to strengthen the independent innovation, won three patents of invention, 3 utility model patents, 30 works copyright, 41 registered trademark, the company independent research and development of packaging anti-counterfeiting unit, only LUZHOULAOJIAO company a customer to purchase 7.862 million sets. Directly with patent technology improve sales, become BOXINGLONG company net profit growth of 4112.68% a trick.

    In addition to meet the standard of high and new technology enterprise, debut printing enterprise still need to continuous innovation in order to pass the qualification review and the recognition. High and new technology enterprise qualification a review every 3 years, the recognition every six years, if can't continue to meet the criteria for recognition of will no longer enjoy relevant preferential tax. Such as TIANHONGXINCAI company, because in 2015 failed the qualification review, enterprise income tax from 15% to 25%, lead to rising operating costs, revenue, slightly lower than the previous year failed to grow.

Low liquidity to breakthrough

    Compared to competitive bidding, NEEQ market-making and deal a transfer system is not conducive to boost liquidity, in terms of the whole market circulation capital, transfer market making enterprises more than contract transfer. Listed on the 36 NEEQ printing enterprise, only YOUFU and HUCAI adopt the market transaction, the other 34 are protocol type, number of the latter is far more than the former, lead to overall least-immature NEEQ printing market, low liquidity.

    In the mid - 2015, 36 debut in printing enterprises although have 12 to raise funds through private placement mode, but the deal is not active, raised more used to supplement the company liquidity, raise the amount is in 10 million yuan - 100 million yuan. 36 enterprises, most enterprises matters not existing offerings. JINGUAN, SIPING has been listed in 2014 at this year's annual report such as "whether there is any stock issue matters" column in the still show up as "no", has yet to raise funds.

    NEEQ although development is one of the country's strategic direction, but many companies do not necessarily to be able to enjoy the dividend policy. Some financing difficulties and low liquidity of stock enterprise, is likely to become a "zombie". Layer in NEEQ layered scheme after landing, innovation enterprise of liquidity and the valuation is expected to improve, or active, will drive the base layer enterprise "linkage" up and down push debut printing enterprises on the pattern of benign competition.