http://kadhoai.com.cn 2026-04-26 09:31:36 來源:中國自動化學會專家谘詢工作委員會
很多人說:“上市是一場充滿未知數的戰役”,jiliedeshichangjingzhengzhong,duiyurenheqiyelaishuodoushibujinzetui。shangshi,yiweizheqiyenenggouyouzugoudezijinzhurujinxingercitengfei,xiangxinchuyuweilaifazhandechangyuankaolv,huiyouyuelaiyueduodezhongguominzuzidonghuaqiyejinruzibenshichang,danduiciwomenmeigerenbixuyouqingxingderenshi:任何時候,上市不是目的,隻是手段!
本月初,美國資本市場上演了中國公司赴美“上市周”,12月8日至14日,一周時間,有7家來自中國大陸企業赴美IPO,為中國概念股境外上市掀起了又一波浪潮,“上市”一時之間成為街頭巷尾的熱門話題。
其實對於中國自動化企業來說,“上市”並不是一件新鮮事兒。早在1994年(nian),作(zuo)為(wei)國(guo)內(nei)老(lao)牌(pai)工(gong)業(ye)過(guo)程(cheng)自(zi)動(dong)化(hua)控(kong)製(zhi)儀(yi)表(biao)及(ji)係(xi)統(tong)企(qi)業(ye),上(shang)海(hai)自(zi)儀(yi)股(gu)分(fen)公(gong)司(si)就(jiu)在(zai)上(shang)海(hai)證(zheng)券(quan)交(jiao)易(yi)所(suo)掛(gua)牌(pai)上(shang)市(shi)。進(jin)入(ru)新(xin)世(shi)紀(ji),作(zuo)為(wei)優(you)秀(xiu)民(min)族(zu)企(qi)業(ye)代(dai)表(biao),國(guo)內(nei)最(zui)大(da)EIP製造企業研祥智能2003年10月在香港創業板成功上市。2008年8月,和利時在納斯達克成功上市,成為我國自動化行業首家在海外上市的自動化企業。此外,國電南自、海得控製、新鬆機器人等一係列自動化企業也先後投身資本市場。
隨著中國股市中小板和創業板的火爆,2010年1月,以近年來市場空間發展迅速的變頻器企業為代表,蓄勢已久的本土自動化企業掀起上市熱潮,九洲電氣、英威騰、合康變頻、正泰電器、智光電氣等自動化廠商密集上市。此後,我們欣喜地看到,作為傳統的工業自動化領域的廠商南京科遠、大連智雲等也先後掛牌上市。直至今日,又傳來北京四方繼保自動化股份有限公司上證A股上市的消息……
對於企業來說,上市無疑將會帶來一係列利好,如它可以鎖定原始股東的巨額財富,並且使公司資金成本下降、公(gong)司(si)價(jia)值(zhi)提(ti)高(gao),而(er)且(qie)還(hai)能(neng)吸(xi)引(yin)媒(mei)體(ti)和(he)公(gong)眾(zhong)的(de)注(zhu)意(yi)力(li),增(zeng)加(jia)市(shi)場(chang)擴(kuo)張(zhang)的(de)機(ji)會(hui)。在(zai)完(wan)全(quan)開(kai)放(fang)的(de)中(zhong)國(guo)自(zi)動(dong)化(hua)市(shi)場(chang),中(zhong)國(guo)本(ben)土(tu)企(qi)業(ye)由(you)於(yu)在(zai)技(ji)術(shu)和(he)品(pin)牌(pai)知(zhi)名(ming)度(du)方(fang)麵(mian)的(de)差(cha)距(ju),在(zai)與(yu)國(guo)外(wai)知(zhi)名(ming)企(qi)業(ye)的(de)競(jing)爭(zheng)中(zhong),一(yi)度(du)僅(jin)僅(jin)依(yi)靠(kao)價(jia)格(ge)戰(zhan)來(lai)爭(zheng)取(qu)市(shi)場(chang)份(fen)額(e),使(shi)得(de)企(qi)業(ye)利(li)潤(run)空(kong)間(jian)不(bu)斷(duan)緊(jin)縮(suo)。而(er)充(chong)裕(yu)的(de)資(zi)金(jin)支(zhi)持(chi)可(ke)以(yi)助(zhu)力(li)自(zi)動(dong)化(hua)企(qi)業(ye)的(de)產(chan)品(pin)、jishuchuangxin,zhuliqiyedezishenpinpaijianshe。youqishidangqianshouhongguanzhengceyingxiang,zidonghuaxingyeyinglaizhuduojijuqianlideshichangkongjian,shangshiwuyikeyishiqiyezaikaituoxinyingyonglingyu,fazhanxinshichangkongjianfangmiangengjushili。lingwai,qiyehaikeliyongshangshidejihuicongzhidushangguifanziji,jianlixiandaiqiyezhidu,shixianqiyezaifazhanguochengzhongzhidefeiyue。
對於很多企業來說,資本運作可謂“如虎添翼”,但同時我們也應該意識到對於進入資本市場的企業來說上市是一把“雙刃劍”,gaojiafaxing,qingsongrongdaojuezijin,kenenghuirangbufengudonghuogaoguanbaofu,shiqupingchangxin,congerbuyuanzaixinkuzuoqiye。weileshangshitaoxian,youdeqiyeshenzhitongguozuojiaqipiantouzizhe。gongsiguquanjiegoushejibuheli,guquanjilifanweifugaiguoxiao,rangbufenhexinyuangonghuoguanlirenyuanchanshengbumanqingxu,yizhiyuchanshengneibumaodun。shangshiyihou,mianlinzibenshichangmeiyiniandu、meiyijidudeyinglikaoheyali,kenenghuirangbufengaoguanzaijingyingshangchanshengduanqixingwei,jiangdichuangxintouru,zaochengqiyedechangqijingzhenglixiajiang。changjiangshangxueyuanjinrongxuejiaoshouzhouchunjiuzengfenxi:上市是利弊共存的,比如企業的資本結構改製、戰略投資者的引入、需要接受監管、xuyaopilubenlaibuxuyaopiludexinxidengdeng,xuyaoyicixinghuozheyanxuxingdifuchugaochuguoquhenduodejingyingchengbenlaishiqiyebiandehehuguifan。zhejiushishangshidailaidetiaozhan,ruguoqiyeneibujiegouchuxianwenti,danxingbugou,kangchongjixingbugou,namejiuhuizaijiliedejingzhengzhongshiquyoushi,henkuaizouxiapolu。
正因為此,很多人說:“上市是一場充滿未知數的戰役”,jiliedeshichangjingzhengzhong,duiyurenheqiyelaishuodoushibujinzetui。shangshi,yiweizheqiyenenggouyouzugoudezijinzhurujinxingercitengfei,xiangxinchuyuweilaifazhandechangyuankaolv,huiyouyuelaiyueduodezhongguominzuzidonghuaqiyejinruzibenshichang,danduiciwomenmeigerenbixuyouqingxingderenshi:任何時候,上市不是目的,隻是手段!