Since 2017, environmental M & A has been slightly boring. Many people in the industry pointed out that the traditional environmental protection industry has entered a mature period, and enterprises are faced with the pressure of increasing performance and profitability. It is an inevitable choice to expand their business horizontally and develop the industrial chain vertically. However, at the same time, the M & A market in February was still not as good as the same period of last year due to multiple factors such as the dredging of capital channels and the scarcity of high-quality targets.
The introduction of technology will be the main line of mergers and acquisitions need to get out of the path-dependent environmental protection
In February, the sharp contrast with the IPO circles is that the M & A market for environmental protection industries is still in a downturn. In the same month, a total of 4 equity purchase transactions involving funds of 480 million yuan were less than the same period of last year. The industry believes that the slowdown in the pace of mergers and acquisitions is the result of multiple factors such as the dredging of capital channels and the scarcity of high quality standards.
In the first wave of environmental M & A in the past five years, leading environmental protection enterprises that cross the gantry have basically achieved the two major goals of scale expansion and diversified business capabilities through mergers and acquisitions. The new impetus to the M & A market will come from the establishment and strengthening of the core competitiveness of enterprises and participation in higher-level pursuits such as the international market. As a result, technology acquisitions and international mergers and acquisitions (M & A) will be the most dreary of the 2017 M & A market. In addition, a group of green new shares this year to achieve financing, have set up their own investment business sector, the acquisitions initiated by these new buyers is likely to be reflected during the year.
Aspect
Environmental companies need to get out of "path dependence." Knowing "why the proportion of thermal power in China's power structure is so high?", Our friend said that after the founding of New China, construction of power facilities was urgently needed to support industrial development. The thermal power construction period is short, not subject to geographical restrictions, adequate reserves of coal, it became the best choice at the time. After decades of construction, China's thermal power as the main body of the energy structure also formed.
Indeed, the rapid development of the thermal power plant has supported the rapid industrialization in our country, and many thermal power plants have directly spawned and nurtured China's flue gas treatment industry. However, the result is that the air pollution in our country has now become a national issue. As a result of regulatory and capacity elimination, the development of the traditional high-emission industrial industries represented by thermal power has been very limited, leading directly to the downstream Volume flue gas treatment business development encountered a bottleneck. An opinion constantly emphasized in the industry analysis articles of the past couple of years by Yujue Consulting is that if the environmental protection enterprise wants to seek more long-term development, it must go out of dependence on the inherent customer type, and needs to follow the trend and shift its focus to its own growth Sexual customer.
One of the four mergers and acquisitions this month is one of the transformation cases of traditional flue gas treatment of environmental protection enterprises. Dinos Environmental Protection, listed in Hong Kong at the end of 15, is the leading manufacturer of denitrification catalysts in China. Similar to many flue gas treatment companies, earnings data for the past year or two are not prominent (2015 revenue of 150 million and profit of 25.5 million, both lower than the previous year), which can be a microcosm of the industry downturn. It is precisely because this month, Dinos Environmental announced the acquisition of a major contract energy management companies can be considered the pace of transformation.
In addition to the atmospheric plate desulfurization and denitrification, the coal chemical industry sewage treatment industry is once hot, but restricted by the development of the upstream area typical. Under this general trend, for a large number of environmental protection enterprises that have benefited from the development of a sports high-emission industry, how to get rid of dividends and seek for further development is an issue that must be faced. (Author: History, superscript)
Stainless Steel Parts,Stainless Steel Aluminum Brass Metal Parts,Stainless Steel Parts Cnc Machined Parts,Turning Optical Parts
Shenzhen Yuheng Precision Machinery Co., Ltd. , https://www.ypcncmachining.com