Instrument industry ** demand is booming?

Recently, the notice issued by the Ministry of Science and Technology of the “General Office of the Ministry of Science and Technology and the General Office of the State Development Bank on Implementing Science and Technology Financial Services for Specially Implemented Enterprises for the Development of National Major Scientific Instruments and Equipment” notice indicates that the Ministry of Science and Technology and the National Development Bank will develop major national scientific instruments and equipment. Specific implementation of corporate financing needs, adopting multiple modes of investment and loan integration, investment and investment combination, investment bond integration, loan-debt combination, debt-leasing combination and encourage enterprises to carry out structured financing, through loans, investment, bond issuance, leasing, and listing (New Third Board, IPO) and other methods provide multi-layered and diversified financial services for special equipment implementation companies.

According to the Instrument Information Network, the current capital behavior of China's scientific instrument industry is on the rise. Mainly for listed financing, such as Tianrui Instruments, Concentrated Technology, etc.; acquisitions, such as Congguang acquisition of Jitian, PerkinElmer acquisition of Haoyuan Technology; venture capital, such as Julian Capital injection Huaxia Kechuang, Beaune Ai Jieer received 19 million yuan in equity investment.

Although the growth of the output value of the scientific instrument industry has been on an upward trend and the increase is higher than the increase in GDP, this industry is not an explosive growth industry. The industry has a long cycle of growth, which will affect the risk investment to some extent. Participation in enthusiasm, especially for the purpose of capital operation, is more willing to invest in industries with short-term cycles and chemical changes.

There is a general demand for details

“We have held several meetings and they (the China Development Bank) have always considered our industry to be too small.” One person who participated in the research work of the CDB earlier this year said that in his opinion, including financing and other financial products The slanting support in services and government procurement will bring positive energy to the scientific instrument industry.

The Instrument Information Network randomly interviewed several business leaders who have obtained major special tasks for scientific instruments. When asked about their views on the matter, they said that "this is a good thing."

Starting from 2013, the financial support methods for major scientific instruments will undergo major adjustments. According to the Instrument Information Network, the major principle is that at the beginning of the project's adoption, the state's investment in the project will be relatively small, and the company will pay for it first. When the project is spent in the middle period, it is determined whether the national investment will continue based on the assessment results. In this regard, many pre-approved major companies in 2013 have felt financial pressure.

“Scientific equipment major projects require companies to use self-raised funds for R&D in advance. This is a big problem for companies that have difficulties in raising funds. Such financial services can meet their urgent funding needs.” Say. Another person in charge of the company stated that “this will have an effect on the R&D, industrialization, and even marketing of special equipment. Since the successful development of the instrument, the subsequent investment in industrialization and market promotion require strong financial Protection."

Demand for capital also shows a polarization state. A person in charge of a listed company believes that his company's current demand for financial services is not strong. According to the analysis of Instrument Information Network, the main reason for the lack of demand for CDB financial services is that it has obtained better financing through listing and has not yet fully used it. At the same time, they may have a financing channel with a lower cost than China’s CDB financial services.

Promotion must continue to involve more companies

Although most company officials said that they have a need for the CDB's financial services, “what kind of financial services needs to be measured”.

The important reason for “fine measurement” is that they have limited understanding of the details of CDB's provision of financial services. The heads of many companies interviewed by Instrument Information Network expressed "unwitting" at the beginning of the interview. After learning about the relevant documents, they became interested and wanted to know more details.