Who by: since 2009 IPO lifted, listed company varies greatly, performance large playing changing faces, order China stock market back Shang "ring money city" of denigration. zhongxinwang securities channel launched "pulse new shares" series reported, sought to with market media, and shareholders users, and capital expert of keen eye for and research, discussion new shares financial disadvantages, and operating Maoni, and competition tricks, and industry defects, to China stock market shareholders contribution health oriented. Zhongxinwang, December 6 (security channel Cheng Chunyu) Roundup, the mysterious "generation y" surprise share IPO myth-rich interpretation of the Wu Tong communications, starting applications on December 2 was passed by the adjudication made by the SFC. 27 cultivates assault II shareholders shares worth billions of attracts the eye at the same time, Wu Tong communications financial data encountered several major doubts have also been to the foreground. double power increment is incredible, future development of the company's main business is too dependent on a single customer hidden profit growth risks, research and development
Lost momentum, receivables, cash-strapped markets worried about the surge in the amount of worry. According to SFC website on November 28, 2011 announced of Jiangsu Wu Tong communications company limited (short "Wu Tong communications") venture plate first offering manual (declared draft) (short "offering manual") display, Wu Tong communications on June 22, 1999 established, focused Yu communications area connection technology of high-tech enterprise, professional engaged in Wireless Communications RF connection system, and fibre connection products of research and development, and production and the sales, is domestic leading of Communications RF connection system professional supplier. Fierce competition in the industry rely on Wu Tong communications products are mainly for China Mobile to promote performance RF wireless communications systems and fibre attached product two broad categories, belonging to the communications equipment industry, main customers include China Mobile, China Telecom, China Unicom three major communication carriers and ZTE, June-known technologies, hengxin technology, Datang
Communication devices such as cable operators, customer concentration of higher risk. However communication equipment manufacturing is indeed a "monk more meat and less" competitive industry. carrier customer market, Wu Tong communications was facing jieshitong, Hua Can telecommunications, science and technology, Japanese sea communications, and other domestic competition; in the communications equipment business customer market, faces TYCO and Amphenol, great hearing, Corning and other European and us competition. Communications operators of fixed-asset investment decisions demand for communications equipment, changes in purchasing patterns to a certain extent directly affected Wu Tong communications gross margin, accounts receivable turnover, inventory turnover, and other financial indicators. Wu Tong communications, its customer concentration risk is more moving. prospectus showed that Wu Tong of China Mobile communication's biggest customer, and the first source of revenue, promote the performance of the company rapid growth. in 2010, Wu Tong communications super half revenues from mobile, the first half of 2011 was near 60%.
In 2008, 2009, 2010 and 2011-June, Wu Tong three communications from China Mobile, China Telecom, China Unicom communications operators ' revenue percentage in the revenue from core businesses, 48.04%, 63.71%, respectively, of which, China Mobile's sales income is relatively high, namely, 47.06%, 53.97%,. the reporting period, Wu Tong distribution belonging to the owner of the parent company's net profit of $ 12.4345 million, and $, $ 28.3334 million, and $. in 2009 and 2010, an increase of 45.56%,. Wu Tong communications risk that, if the communication operators, in particular mobile investment plans of slowing down or reducing, it may be caused to the company's product sales must be
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