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On July 22, the Shanghai Stock Exchange's Science and Technology Innovation Board kicked off, and the first batch of 25 new shares officially began trading on the Shanghai Stock Exchange.


The first 25 companies were all advanced manufacturing companies, they are Jiayuan Science and Technology, Aerospace Vision, Tianyi, Wald, Hanchuan Intelligence, Fangbang, Exchange Control Technology, Western Superconductivity, Hongsoft Technology, Nanwei Medicine, Heart Pulse Medical, Platinum, Anji Technology, Lexin Technology, Zhongwei Company, Xinguang Optoelectronics, Fuguang shares, China Tong, Guangfeng Technology, Rongbai Technology, Lanqi Technology, Hangke Technology, Tianzhun Technology, Ruicheng Weiyuan, Huaxing.


The 25 listed companies spent an average of 11.3 percent of their revenue on research and development in 2018, much higher than other A- share sectors. Among them, 15 companies invested more than 50 million yuan in R & D last year, 7 companies invested more than 100 million yuan in R & D last year, and China General Corporation invested as much as 1.38 billion yuan in R & D. Of the 25 enterprises, 10 had operating income of more than 1 billion yuan last year, accounting for 40%. In terms of net profit, 13 companies had a net profit of more than 0.1 billion yuan last year, accounting for more than half.


In order to adapt to the characteristics of science and technology enterprises, the science and technology innovation board has set up a new system and rules, with more than 40 new rules, which are very inclusive. The first batch of 25 listed companies actually raised a total of 37.018 billion billion yuan, 19% more than the total amount of 31.089 billion yuan to be raised.


How far are textile companies from the board?


From the perspective of industry distribution, there are 13 new generation information technology companies, 5 new material industries, 5 high-end equipment manufacturing industries, and 2 biological industries.


Although there are no textile enterprises in the first batch of listed companies, many textile enterprises are already eager to try. At the end of June, Shandong Ruyi Technology Group Co., Ltd. (hereinafter referred to as "Ruyi Technology") held a launching ceremony for the listing of Leica Group's Science and Technology Board at Jining headquarters. It also hired domestic leading securities firms Huatai United Securities and Cinda Securities as the sponsors and underwriters for the listing of Leica Group's Science and Technology Board, and Beijing Nianfu Investment Management Co., Ltd. as the general consultant of the project to fully lead the listing of Leica Group's Science and Technology Board. At this point, the Lycra Group landed in the capital markets into a substantive stage of operation.


Lycra Group is committed to the development of new fiber materials in the world, producing innovative fibers and providing advanced technical solutions for the apparel and sanitary industry. It has a rich family of branded fibers, including the world-renowned high-end spandex LYCRA? series, special polyester COOLMAX with cooling function, THERMOLITE series with thermal function, T400?, and special nylon SUPPLEX?, TACTEL? and other fibers.


Why does Lycra have the bottom line to lay out the board? Like the first batch of 25 companies, Leica is very scientific and technological. First of all, it has 45 world-class researchers and 178 R & D engineers in 5 independent R & D laboratories around the world, and has maintained tens of millions of dollars in R & D funding every year. The second is the leading number of patents. Leica Group has more than 2700 well-known trademarks and more than 1400 patents, accounting for 1/3 of the total number of patents in the industry; third, remarkable research and development achievements: Leica's annual operating income exceeds 7.5 billion yuan, and more than 1 billion pieces of Leica fiber brand ready-made garments are sold worldwide every year. More than 60% of the sales come from new products developed in recent years, LYCRA? Series of high-end fiber production to maintain an annual growth rate of nearly 10%.


Leica management unanimously recognized the development concept and industrial chain advantages of Ruyi Technology, and believed that it would help promote the differentiated development of Leica fiber business and achieve mutual benefit and win-win results through complementary integration. At the most tense moment of the Sino-US trade war, the Committee on Foreign Investment in the United States (CFIUS) finally approved this transaction. It is based on Ruyi Technology's respect and recognition of the huge intellectual property value of Lycra Group. Ruyi Technology finally spent US $2.6 billion million. Lycra has an absolute leading market share, a world-renowned brand cluster, strong R & D capabilities, rapidly iterating new fiber products and continuously increasing profit levels, it will further consolidate the foundation of Ruyi's technological innovation.


In addition, China is a traditional textile country with a complete textile industry chain. New products developed and launched based on new fibers and combined with the industrial chain can achieve large-scale production in a short time, which can make up for the gap in Lycra's production capacity; at the same time, China It is also a big fiber consumer, and there is a strong demand for high-end textiles and clothing and new fiber products. The huge market can have a fission effect on the accommodation of new products, large-scale production can quickly form a new profit growth point.


To this end, Ruyi Science and Technology plans to invest in the construction of a fiber new material industrial park in Jining High-tech Zone, to implement the latest scientific research achievements of Leica-a new generation of thermal fiber, cool fiber, T400 and other new fibers, to create a new profit growth point, and to promote the transformation of new and old kinetic energy and the adjustment and upgrading of industrial structure in Shandong. At the same time, the launch of Lycra technology to transform the existing production capacity plan, Yinchuan's existing 60000 tons of ordinary spandex transformation into mid-range Yilesbang production capacity, Jining's existing 7000 tons of ordinary spandex transformation into high-end Lycra fiber production capacity, to make up for the market's demand for high-end spandex expansion.


It is reported that Ruyi Technology had the idea of arranging Leica Group to enter my country's capital market at the beginning of the acquisition. It plans to land on the Growth Enterprise Market by way of IPO to create Ruyi Technology's technology, brand, and intelligent manufacturing. However, shortly after the completion of the delivery, the board was formally established, and Leica fully met the six hard core indicators of the board, reflecting a high degree of fit. Ruyi Technology urges Leica to be listed on the Science and Technology Board, aiming to create a new science and technology material plate represented by Leica, a fashion brand plate represented by SMCP and Lebang, and an intelligent manufacturing plate represented by the belt and road initiative assets such as Shandong, Ningxia, Xinjiang and Pakistan. It will give full play to the synergy effect of the upstream and downstream of the industrial chain, continuously gather high-quality assets to allocate capital markets, and form a new tripartite pattern to promote the development of Ruyi Technology.


In this regard, industry experts said that whether it is the textile industry or other industries, to achieve high-quality development, it is inseparable from the support of the capital market. In particular, some intelligent manufacturing areas, high-end equipment, new materials. The rapid development of the intelligent manufacturing sector of the textile industry must first increase the gold content of its own products. Some enterprises with key core technologies, outstanding scientific and technological innovation capabilities, mainly rely on core technologies to carry out production and operation, have stable business models, high market recognition, and strong growth. It is possible to use the board to become bigger and stronger.