Recently, suning appliance announced that the company 2009 closed stock issue work completed, the cumulative release 1.77 million, successfully raised funds of 30 million, including Chinese, Stanford University Fund QFII, six institutional investors in excess of two times the subscription.
Reporter at suning appliance purchase additional participation list see, domestic public placement Fund, insurance funds, some foreign institutional investors and other large institutional investors are involved in the issuance of subscription. In the end, including Chinese, Stanford University Fund QFII, 6 institution investors succeed.
China people's insurance asset investment manager said that the human assets of subscribe suning directional add-issuance stocks mostly optimistic about China's vast consumer industry's future development prospects. In China's macroeconomic gradually transition to consumer pull, believe suning appliance as domestic appliances retail industry's leading enterprise, investment and the growth of such robust SUNY listed on the stock, is in line with the growth of insurance funds sound investment ideas.
With the trade-in policy startup, household consumption policy increasingly apparent. According to the Department of Commerce, December 1, the latest data, total reclaim old appliances 289 million units, sales of new appliances 250 million units, sales of $ 98 million. With suning trade-in sales 30.9 billion yuan, accounting for 33% share, become the national appliance trade-in sales champion.
Stanford University Fund QFII managers run Hui investment that long-term optimistic about China's retail industry. China retail industry will grow significantly faster than the GDP growth rate and suning with powerful background information and logistic systems, will further consolidate, expand in China's home appliance retail market position in the industry, from an international point of view the current valuation levels for long term investment with great attraction, coming to believe that can bring huge stable returns. It should be noted that the Chairman of the Board as large suning appliance also invests $ 300 million of shareholders to subscribe a 1700 million shares.
EMC Corporation believes that currently trade-in policy, both from the implementation category range or geographical area, there are a lot of further expansion of the space. According to mid-October the sales projections since (daily average 1.4 million), the next year as a trade-in sales up to $ 50 billion or more. If further extended to the whole country, the turnover may reach $ 800-1000. If suning occupies 25% market share, is 200-250 billion sales, conversion into excluding tax to 171-213 billion.
Suning appliance CEO Sun Weimin has detailed explanation to reporters raise $ 3 billion of specific arrangements. Of these, approximately 14 million would be about 250 for SUNY chains development projects; about 10 billion yuan into six logistics base construction; 3.9 billion supplementary company liquidity, mainly for the expansion of customized underwriting, buyouts, differentiated products scale to further enhance and vendor relationships to optimize supply chain management.
Great Wall securities believes that currently advancing suning appliance for the second time, for its future development opens up new space — whether products business, or market space (three or four-stage market push) or consumer groups (meet the differentiated crowd of consumer demand), will become crystal clear. Conservative estimated its next three-year compound growth rate of 25%.
"This additional amount after suning stores will continue to steadily improve posture and national logistics base for planning and construction, suning appliance chain-like layout and have a positive impact on the long-term development, further expanding the industry's leading edge. "Sun Weimin said.
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