Tianrun Crankshaft: Creating a Billionaire
Nothing can stop the Tianrun crankshaft from blooming. This auto parts manufacturing company, which only produces engine crankshafts, recently reopened with new stock offerings and made frequent appearances in the industry. Although in the eyes of the outside world, this is only a "small" company, but they are creating a miracle, A shares "make" the rich myth again. Xing Yunbo, 61, has worked in the crankshaft industry for decades. He successively took the posts of deputy director and director of the Shandong Crankshaft Plant, and finally promoted the listing of companies that he had already done. The capital market accurately measured the old man's worth. As Xing Yunbo indirectly holds 88.0824 million shares of Tianrun Crankshaft, the company’s worth will reach 813 million yuan at the IPO price of 14 yuan per share. On August 21st, Tianrun Crankshaft was formally listed on the stock market. “The stock price of 14 yuan is the most conservative estimate, and the first day of listing will rise sharply. More than 800 million yuan will be Xing’s shareholding value of listed companies. Tianrun, who is indirectly controlled by him The real estate is also very valuable.†Zhao Xin, Research Fellow of Guolian Securities Machinery, said that although the stock market has been changing in the near future, Tianrun stocks have risen on the same day. Based on the first-day closing price of 19.90 yuan, the total value of Xing Yunbo’s day is 1.156 billion. yuan. A rich night There is similarity with the celebrity's overnight fame. There are also some stories about creating myths at the mall. 10 years ago, Xing Yunbo obtained the above-mentioned rights and interests at a price of 8.228 million yuan. During the ten years, the original value has risen nearly 100 times. Wealth itself may not be of much significance to the 61-year-old chairman of the board. When a life's career is pushed to a climax at such an age, it is more practical than having wealth. “The nine executives who worked with Xing Yunbo achieved the same rate of return.†Zhao Xin said that the price of the share price of only 14 yuan was issued by the general manager Sun Haitao’s worth is also 145 million yuan, and the other executives are also worth More than 10 million. Not all things must be intimately personal. Liu Yan, a natural person's shareholder, is a very eye-sighted person. As an investor, he shares the dividends brought by the capital market more directly. According to the "Prospect for IPO Prospectus," the directors of Tianrun have changed in the past three years. In 2007, on the eve of the commencement of the listing process, the original shareholder, the United States Merrill Lynch Group, was preparing to withdraw, and Liu Jian and six others were selected as transferees of the equity. According to the "Equity Transfer Agreement" signed by Merrill Lynch and Liu Xin on September 14, the company transferred 40% of the company's shares held by the company to Liu Ye, at a price of RMB 130.4 million. Among them, Liu Hao invested 72.54 million yuan, obtained a total of 41.544 million shares of Tianrun crankshaft, and the remaining 5 people received 1 million shares to 10 million shares. According to sources, in fact, before taking shares in the Tianrun crankshaft, Liu Hao did not have a direct relationship with the company. This mysterious "director" used to serve as senior manager of Dapeng Securities Co., Ltd., director of Beijing Honghui Biopharmaceutical Co., Ltd. and chairman of Inner Mongolia Chifeng Jinyu Mining Co., Ltd. In this way, he seems to be an out-and-out investor with a lot of vision. After the close of the day of listing, Liu Ye and the third natural person shareholder were all worth more than 100 million yuan. There are also 4 natural person shareholders worth over 10 million. According to the "Letter of Intent", except for Liu Xi, the other 5 natural person shareholders do not hold any position in Tianrun. "Leader" wants to go international Obviously, these investors are pursuing the return on investment. However, on what basis do they determine that Tianrun will bring them a substantial profit in the future? The crankshaft manufacturer is a secondary component supplier in the automotive industry chain. The Tianrun crankshaft is similar to most domestic parts and components companies and its development depends on the commercial vehicle industry. Among them, the crankshaft products of the heavy-duty diesel engine accounted for 77.6% of the Tianrun crankshaft income, and the market share of the domestic heavy-duty crankshaft industry reached 38%. Under the leadership of Xing Yunbo, in the development of nearly 20 years, the Tianrun crankshaft has formed a stable supporting relationship with major domestic engine plants. At present, it is the largest professional manufacturer of automotive engine crankshafts in China, and its comprehensive strength ranks first in the domestic crankshaft industry. In the field of heavy-duty engine crankshafts, Tianrun’s product market share has been leading and reached 37% in 2008. In this area, its main competitor is Liaoning May 18, which has a market share of around 20%. Xing Yunbo's design for production capacity was previously at the level of 500,000, and it was upgraded to 530,000 after technological transformation last year. In the first half of 2009, despite the adjustment of product structure, its capacity utilization rate was still as high as 95%. With the increasingly heavy truck market, Tianrun's production capacity has become a bottleneck restricting its future development. Xu Minfeng of the Central China Securities Research Institute believes that the investment in raised funds is mainly to solve the problem of capacity constraints. It is expected that the capacity will reach 710,000 and 890,000 in 2009-2010. During the online roadshow, when the netizen asked about the future growth of the Tianrun crankshaft, general manager Sun Haitao said: “In the near term, the company’s growth is mainly due to the expansion of production capacity brought about by the implementation of the investment project. The long-term is The production of the disintegration and connecting rod project will reduce the cost of iron-based steel technology and the expansion of overseas markets." The disjointed connecting rod is a new engine connecting rod, which has the advantages of high processing precision and low cost compared with the traditional cut-off connecting rod, and is the future development direction. This technology was monopolized by ThyssenKrupp, Cummins, and other international manufacturers, and Tianrun became the first domestic company to master this technology. At present, the Tianrun crankshaft already holds the order of the United States Cummins expansion joint rod, and the close cooperation with Cummins will also further enhance its future share. A single phenomenon in the crankshaft industry may also change in the future. ThyssenKrupp originally intended to enter China this year, but the factory project has been suspended due to the financial crisis. Xu Minfeng said, but this does not rule out the possibility of a restart in the future. It will have a major impact on the future competition of Tianrun Crankshaft. Landing on the capital market, the industry insiders believe that this is Tianrun crankshaft further consolidate its leading position. Chairman of the board, Xing Yunbo, said during the roadshow: "Successful listing is an important milestone in the development of the company and a new starting point for the company's further development and expansion. It strives to build Tianrun crankshaft as an international professional manufacturer of automotive engine core components as soon as possible. †In view of this, the vision of the Tianrun crankshaft is still quite long-term, playing the "international card", and in another three years, it will be developed into a modern, international and open enterprise integrating casting, forging and machining. Continue to maintain its leading position in the industry and become a world-class manufacturer and supplier for the crankshaft industry. Obviously, the only way to ensure investors' MONEY does not shrink. After the editorial: The capital market has changed dramatically. We have no intention of seeing such a wonderful story in the recent listing of new stocks. It is only a simple calculation. We have discovered that an unknown part company has created so many millionaires. Beat the case! We think it is a good theme. Often thinking, what do our readers expect from each issue of the magazine? This gives me a little revelation—the wealth story. The capital market is full of these vivid cases. Previously, people often felt that the figures were completely irrelevant. In fact, the analysis behind these figures was just a very exciting story. This also spurs our reporters to pay more attention to some areas and to explore some interesting things to share with readers! Epoxy resin is a high molecular polymer with the molecular formula (C11H12O3)n, which refers to a general term for a class of polymers containing more than two epoxy groups in the molecule. 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