The first category focuses on listed companies that hold a large proportion of shares in major venture capital companies.
The second category focuses on listed companies belonging to traditional industries, which have realized or are realizing industrial transfer and upgrading through equity participation in venture capital companies. As the strategic planning of these companies becomes clearer, they will have long-term investment value.
Pay attention to individual stocks
In the stocks with the concept of GEM, investors can pay close attention to the public synergy (000532).
Since June 2007 10, public utilities have invested abroad frequently, and the accumulated investment has reached192.7 million yuan.
Among their recent investments, Zhao, a securities analyst, believes that the investments of Shanghai Jialeng Songzhi Automobile Air Conditioning, Shanghai Hangxin and Shanghai Electric Branch are particularly worthy of attention.
This shows that public utilities are not only satisfied with indirectly benefiting from GEM through their equity in Shenzhen Venture Capital, but also directly participating in the venture capital industry through their own investment.
With the gradual listing of Pre-IPO projects recently invested by the company, the certainty of future performance growth will be significantly improved. Volkswagen's investment in Shanghai Hangxin, together with the equity investment in Shenzhen Venture Capital, has become a separate layout of the company in the domestic venture capital industry, and the investment value of the company as a leading venture capital sector has been strengthened.
From the long-term development of the company, the greatest significance is to get a platform to directly intervene in the venture capital industry; Whether the company will deploy venture capital through this platform in the future is worthy of attention.
Shenzhen Venture Capital, which holds 20% of the shares, is a leading enterprise in the domestic venture capital industry and has five advantages.
First of all, the team has strong investment ability. At present, more than 150 projects have been invested, covering IT, communication, new materials, energy and environmental protection, chemical industry, logistics, biomedicine and other fields, which shows the good investment ability of the company team.
Secondly, the financial strength is strong. As the largest venture capital enterprise in China, Shenzhen Venture Capital has strong financial strength to ensure the company's ability to take projects.
Third, the regional advantages are obvious. At present, the regional characteristics of venture capital in China are obvious, and the venture capital regions are concentrated in Beijing, Shanghai and Shenzhen, which directly leads to the rapid development of venture capital companies in this region.
Fourth, local governments guide the fund to take the lead. Up to now, many places in China have set up provincial or municipal venture capital guidance funds, and Shenzhen Venture Capital has cooperated with many local governments, which not only effectively avoided risks, but also expanded the company's resource accumulation.
Finally, the business model is stable. Shenzhen Venture Capital not only invests directly by itself, but also serves as a fund manager. At present, the company has 4 Sino-foreign joint venture fund management companies, domestic fund management companies 10 and 20 managed funds, with a total fund size of 6 billion yuan. This position provides a stable source of income and reduces the fluctuation of performance.
In contrast, Lihe Co., Ltd. is a holding company engaged in many industries, and its operating income mainly comes from various subsidiaries, among which it holds 57.6438+05% shares of Zhuhai Tsinghua Science Park Venture Capital Co., Ltd.
In the first half of 2007, the company's technical service income further increased, achieving an operating income of 7,265,438+03,807 yuan, a year-on-year increase of 65,438+03%.
Zhuhai Tsinghua Science and Technology Park is located in Tangjia, Zhuhai. It is a university science park jointly founded by Tsinghua University and Zhuhai.
Ren Wenjie, the first venture analyst, predicted that with the development of our city's economy, the income of science parks will maintain a relatively stable growth in the future.
At present, only the first phase of the Science Park has been completed, and more office buildings and supporting houses can be built on this land in the future. In the long run, the company has the opportunity to own more leased properties, but the specific planning and start-up time are still uncertain.
The largest shareholder of the company is Shenzhen Lihe Venture Capital Co., Ltd., and currently holds 14. 12% of the company's shares. The actual controller of the largest shareholder is Shenzhen Tsinghua University Research Institute. Li He Venture Capital is an enterprise that represents Shenzhen Tsinghua University Research Institute in the industrialization of scientific research achievements and the operation of scientific and technological venture capital. In recent years, it has made good achievements in domestic venture capital and enterprise incubation.
Fu Xiukun, an analyst at Chase Securities, said that before the launch of GEM, listed companies with the concept of venture capital will continue to be sought after by the market. As for how much listed companies can benefit from it, we should not only identify the real strength of venture capital enterprises invested by "venture capital concept stocks", but also pay attention to the advantages and disadvantages of reserve projects, and pay more attention to the construction progress of the entire GEM market, so as to truly grasp the "dark horse" with investment value among "venture capital concept stocks".
With the launch of the Growth Enterprise Market, Volkswagen will fully share the value brought by the improvement of venture capital performance. (Source: Blue Chip Finance)