How far are Chinese paint companies from the capital market?

This company manufactures and sells paints and synthetic resins; sells metal materials (excluding rare and precious metals), hardware, electrical appliances, department stores, chemical products and building decoration materials (excluding chemical dangerous goods), rubber products, and chemical raw materials (excluding dangerous goods).
Chemical dangerous goods); ordinary freight, operating the export business of the company’s self-produced products and the import business of machinery and equipment, parts and components, and raw and auxiliary materials required by the company, except for goods and technologies that are restricted by the state or prohibited from import and export .

The company is one of the leading companies in the domestic coating industry.
Its leading products, Sanxia brand series of interior wall latex paint, alkyd paint, nitrocellulose paint and polyester paint, enjoy certain brand advantages in China.
After more than 30 years of development, Chongqing Three Gorges Paint Co.
, Ltd.
has become a leading paint manufacturer in Sichuan in terms of scale, variety and sales.

It can be seen that going public can bring leap development for coating companies.
What benefits does going public bring to the company? On the whole, after entering the capital market, many listed companies have created more wealth than they have accumulated since the establishment of the company in just a few years.
The attractiveness of the capital market is immense, attracting the fanatical pursuit of many developing companies.
However, in the current market environment, many companies simply cannot understand this obsession, nor do they know why they want to go public and what it means to go public.

So why do companies want to go public? The benefits of going public are not only financing, but also the following reasons:

1.
The company's initial public offering can raise a large amount of funds, and there are also opportunities for refinancing after the listing, which provides a source of funds for the further development of the company.

2.
It can promote the establishment of a standardized operation and management mechanism, improve the corporate governance structure, and continuously improve the quality of operation.

3.
Stock listings need to meet stricter listing standards and pass the review of regulatory agencies.
The ability of a company to go public is a powerful testament to the company's management level, development prospects, and profitability.

4.
The information of stock trading is continuously released to the society through various media such as newspapers and television stations, which expands the company's reputation, improves the company's market position and influence, helps the company establish product brand image, and expand market sales.

5.
Stock options and other methods can be used to achieve effective incentives for employees and management, which will help the company attract outstanding talents and stimulate employees' enthusiasm for work, thereby enhancing the development potential and stamina of the company.

6.
The listing and circulation of stocks expands the shareholder base and enables higher trading and circulation of stocks.
Free trading of stocks also allows shareholders to more conveniently cash in their investment capital under certain conditions.

7.
The company's listing status will help improve its own credit status, strengthen the confidence of financial institutions in the company, and facilitate the company's bank credit and other businesses.

8.
Changes in stock prices after listing form a market evaluation mechanism for company performance.

9.
A company is issued and listed and becomes a public company, which helps the company to better assume more social responsibilities.

10.
Wealth is legalized, and listed companies and their assets and businesses are protected by law.

The listing of private paint companies can increase the flexibility of corporate governance, and the listing of family paint companies can move from a closed family system to an open one.
The stock market is like a magnifying glass, good and bad things will arouse strong reactions.
More importantly, after listing, companies must learn to act according to the rules and must have public shareholder awareness.

The market always favors the strong, and the weak will be eliminated in a more transparent and standardized competition.
This is the rule for the survival of paint companies.
Only the paint companies that have passed the market test and are recognized by the market are truly outstanding paint companies.
(Source: Global Coatings Network) (For more information, please log in: Global Coatings Network http:// )