"Performance Change" Has Frequently Become A Noun That Touches Investors' Nerves.

Since September 2012, China's stock market has stopped IPO for more than a year, with the longest duration. It was not until November 30, 2013 that the SFC issued the opinions on further promoting the reform of IPO system that IPO was finally restarted. During this period, numerous performance changes, termination and suspension were staged repeatedly, and embarrassment and bitterness were hard to express. As of the January 2015 IPO pre disclosure enterprise list, we can see that 647 IPO applications have been accepted. Among them, there were 32, but not 615. In the past, 56 enterprises were normally waiting for trial, and 559 enterprises were discontinued. The high speed trains or EMUs of these industries are still stuck on the frozen tracks. The future audit will take over by the exchanges. There are still uncertainties and uncertainties. From the perspective of performance, who will be able to finally smile?

This speculation is not groundless. From the recent IPO situation in the clothing industry, only last July, 8 textile and garment enterprises IPO terminated the review, and 17 enterprises. IPO We have to apply for suspension. We feel that IPO opens the gate. equity market When spring is coming, there is no sign of optimism in the industry. The market continues to slump, and the spring of the garment industry is tardy in the future, coupled with the high cost of listing, fluctuations in performance, defective product quality, high inventory, overcapacity and high production costs. Exit Continuous downturn and other problems caused the weak management of textile and garment enterprises, which directly affected the judgment of capital market's investment value in textile and garment industry. Although many enterprises tried to transform through O2O channel development, advanced customization, fans economy and other forms, but still not enough to enhance the confidence of the capital market in this traditional industry. 2015 of the situation is still grim. In addition to Vigna S's successful listing in January and La Natsu Bell's blood listing in Hongkong, the clothing company's IPO is still stuck in the cold winter. The enterprises that are blocked in the first line waiting for departure are gleth, Taiping bird, Ray Tibor, Be Meleven, red dragonfly shoe industry, an Zheng fashion, Zhejiang new Australia, Mass Phil, Guangzhou Tian Chong, Xin he shares, Guangzhou's popular beauty and Ghedi outdoor products.

Over the past year, Hong Kong stocks have witnessed many disturbances in Hong Kong International, PhD, and the international market. They have carefully controlled their prospectus and public information. The performance and face of the stock market crash seem to be traceable. A shares are in the same category. After the IPO lockout, there are 44 new shares breaking out, such as George White and AOKANG international. The "performance change" reflects the lack of overall profitability of listed companies and the higher requirements for the quality of the listed companies. The future IPO reform will make great changes in the past IPO mode. Listing relies on simply whitewashing the financial statements. The listed companies will be hit back by the capital market, and the quality enterprises with real quality and potential and sustainable profitability will gradually be accompanied by the new IPO IPO reform.