What is the purpose of stone enterprises planning to go public one after another?

A related person from a well-known stone enterprise in Xiamen said: "There is also a direct goal for enterprises to go public, which is to' circle money'. While the retail profit is declining, due to the reduction of stone mine resources, the cost of acquiring mines by enterprises is also increasing. Stone enterprises need a lot of financial support to become bigger and stronger. In the era of meager profit in the industry, the demand for funds is constantly being revealed and amplified. To achieve the above goals, without hundreds of millions of funds, it is undoubtedly an idiotic dream. "

At present, the overall gross profit margin of stone enterprises is almost 30%, and the net profit margin is only about 10%. The stone industry is leaderless. However, the problem of environmental protection is very prominent. Coupled with the increase in costs, the output of enterprises is high but not bumper, and most export enterprises basically rely on export tax rebates.

However, it may not be easy for stone enterprises to go public. An important reason is that extensive management and competition are more obvious on environmental protection issues at present. According to the information disclosed before, a number of listed reserve enterprises have become the focus of environmental protection verification. In the process of verification, some enterprises have some problems. Many local stone enterprises also give up halfway because of environmental protection, "not approving and not building" and "not testing for a long time".