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　　對(duì)標(biāo)IPO，哪些農(nóng)機(jī)企業(yè)能做大做強(qiáng)（中英雙語(yǔ)）

說(shuō)說(shuō)IPO的前世今生

Talk about the past life of the IPO

市場(chǎng)經(jīng)濟(jì)是競(jìng)賽中贏者通吃，輸者死亡的殘酷拼搏場(chǎng)。作為企業(yè)，要么做大做強(qiáng)，要么成為別人的盤(pán)中餐。這里沒(méi)有折衷，從來(lái)不相信眼淚。資本在這場(chǎng)博弈中，成也蕭何，敗也蕭何。當(dāng)你志得意滿(mǎn)時(shí)，它會(huì)錦上添花，讓你處在燈火斕姍中。當(dāng)你落寞敗北時(shí)，它會(huì)落井下石，讓你更難堪，狠不得有個(gè)地縫鉆下去。曾幾何時(shí)，歐洲國(guó)家創(chuàng)造性地摧生了IPO，鑄就了歐洲國(guó)家一大批發(fā)達(dá)的經(jīng)濟(jì)體；IPO不失時(shí)機(jī)的作了回“接生婆”，大批跨國(guó)企業(yè)因此如雨后春筍，一路攻城略地，風(fēng)彌全球。

30年前，我國(guó)陸續(xù)發(fā)生了三件奠基性大事：

struggle in the competition. As an enterprise, either become bigger and stronger, or become someone else's food. There is no compromise here, never believe in tears. Capital in this game, into also xiao, defeat also xiao. When you are satisfied, it will be the icing on the cake, let you in the bright lights. When you are lonely defeat, it will be down stone, let you more embarrassed, ruthless can not have a seam to drill down. Once upon a time, European countries creatively destroyed IPO, created a large number of developed European economies; IPO lost no time to the "midwife", a large number of multinationalenterprises, the world. Thirty years ago, three groundbreaking events took place in China:

一是確立了我國(guó)經(jīng)濟(jì)體制改革的總目標(biāo)是建立社會(huì)主義市場(chǎng)經(jīng)濟(jì)體制。其意義在于把經(jīng)濟(jì)發(fā)展的主動(dòng)權(quán)交給了市場(chǎng)經(jīng)濟(jì)主體，從而迸發(fā)出經(jīng)濟(jì)發(fā)展的“井噴效應(yīng)”。

First, the overall goal of China's economic system reform is to establish a socialist market economic system. Its significance lies in giving the initiative of economic development to the main body of market economy, thus bursting out the "blowout effect" of economic development.

二是重回WTO，我國(guó)成長(zhǎng)為“世界工廠(chǎng)”。世界面對(duì)中國(guó)的經(jīng)濟(jì)蘺芭墻被“規(guī)則”性拆除，外貿(mào)成為拉動(dòng)經(jīng)濟(jì)的“三駕馬車(chē)”之一。短短20余年，我國(guó)就成為世界第二大經(jīng)濟(jì)體。

The second is to return to the WTO, China grew into the "factory of the world". The world's economic wall facing China has been removed by "rules", and foreign trade has become one of the "troika" to drive the economy. In just over 20 years, China has become the world's second largest economy.

三是引入IPO機(jī)制。通過(guò)這一機(jī)制，把社會(huì)閑散資金集腋成裘，為企業(yè)缺乏發(fā)展資金解難。出資者和企業(yè)各得其所。

Third, the introduction of the IPO mechanism. Through this mechanism, the social idle funds set into a mickle, for the lack of development funds to solve the problem. The investor and the enterprise are their place.

什么是IPO

what is IPO

IPO是Initial Public Offering的英語(yǔ)縮寫(xiě)。意即企業(yè)或公司首次公開(kāi)募股。公司通過(guò)公開(kāi)募股的方式上市，獲得穩(wěn)定的發(fā)展資金。認(rèn)購(gòu)者則從股票增殖中獲得出資收益。如果公司經(jīng)營(yíng)不善，股票持有人則承擔(dān)與持股相等的損失（有限責(zé)任）。證監(jiān)機(jī)構(gòu)對(duì)首次公開(kāi)募股者負(fù)監(jiān)督管理責(zé)任，以確保盈利前景好近幾年財(cái)務(wù)無(wú)虧損的公司有資格公開(kāi)上市募股。

The IPO is short in English for Initial Public Offering. It means an initial public offering of a company or a company. The company went public through a public offering to obtain stable development funds. Subscribers get the investment income from the stock proliferation. If the company is not well managed, the stock holder will bear the loss equal to the holding (limited liability). CSRC institutions are responsible for the supervision and management of ipo issuers to ensure that companies with good earnings prospects and no financial losses in recent yearsare eligible for public listing.

上市前，在詢(xún)價(jià)機(jī)制下，新股發(fā)行價(jià)格并不事先確定，而在固定價(jià)格方式下，主承銷(xiāo)商根據(jù)估值結(jié)果及對(duì)投資者需求的預(yù)計(jì)，直接確定一個(gè)發(fā)行價(jià)格。固定價(jià)格方式相對(duì)較為簡(jiǎn)單，但效率較低。過(guò)去中國(guó)一直采用固定價(jià)格發(fā)行方式，2004年12月7日證監(jiān)會(huì)推出了新股詢(xún)價(jià)機(jī)制，邁出了市場(chǎng)化的關(guān)鍵一步。發(fā)行方式確定以后，進(jìn)入了正式發(fā)行階段，此時(shí)如果有效認(rèn)購(gòu)數(shù)量超過(guò)了擬發(fā)行數(shù)量，即為超額認(rèn)購(gòu)，超額認(rèn)購(gòu)倍數(shù)越高，說(shuō)明投資者的需求越為強(qiáng)烈。

in advance, but under the fixed price, the lead underwriter directly determines an issue price according to the valuation results and the expectation of investors' demand. Fixed price mode is relatively simple, but the efficiency is low. In the past, China has been using the fixed price issuance method. On December 7,2004, the CSRC launched the inquiry mechanism of new shares, which is a key step in marketization. After the issuance method is determined, it has entered the formal issuance stage. At this time, if the effective subscription quantity exceeds the proposed issuance quantity, it is oversubscribed. The higher theoversubscription multiple, the stronger the demand of investors is.

在超額認(rèn)購(gòu)的情況下，主承銷(xiāo)商可能會(huì)擁有分配股份的權(quán)利，即配售權(quán)，也可能沒(méi)有，依照交易所規(guī)則而定。通過(guò)行使配售權(quán)，發(fā)行人可以達(dá)到理想的股東結(jié)構(gòu)。在中國(guó)，主承銷(xiāo)商不具備配售股份的權(quán)利，必須按照認(rèn)購(gòu)比例配售。

In the event of an oversubscription, the lead underwriter may have the right to distribute the shares, the allotment right, and may or may not be so, in accordance with the exchange rules of the Exchange. By exercising the allotment right, the issuer can achieve an ideal shareholder structure. In China, the lead underwriter does not have the right to place the shares and must place them in proportion to the subscription.

當(dāng)出現(xiàn)超額認(rèn)購(gòu)時(shí)，主承銷(xiāo)商還可以使用"超額配售選擇權(quán)"(又稱(chēng)"綠鞋")增加發(fā)行數(shù)量。"超額配售選擇權(quán)"是指發(fā)行人賦予主承銷(xiāo)商的一項(xiàng)選擇權(quán)，獲此授權(quán)的主承銷(xiāo)商可以在股票上市后的一定期限內(nèi)按同一發(fā)行價(jià)格超額發(fā)售一定比例的股份，在此期間內(nèi)，如果市價(jià)低于發(fā)行價(jià)，主承銷(xiāo)商直接從市場(chǎng)購(gòu)入這部分股票分配給提出申購(gòu)的投資者，如果市價(jià)高于發(fā)行價(jià)，則直接由發(fā)行人增發(fā)。這樣可以在股票上市后一定期間內(nèi)保持股價(jià)的相對(duì)穩(wěn)定，同時(shí)有利于承銷(xiāo)商抵御發(fā)行風(fēng)險(xiǎn)，每有分析行情線(xiàn)。

When oversubscription occurs, the lead underwriter can also use the "overallotment option" (also known as "green shoes") to increase the number of issues."Over-allotment option" refers to the issuer gives lead underwriters an option, by the authorized lead underwriters can be in the stock listed within a certain period of time by the same issue price excess percentage of shares, in this period, if the market price is lower than the price, lead underwriters directly from the market shares allocated to purchase investors, if the market price is higher than directly by the issuer. In this way, the stock price can be maintained for a certain period after the listing, and the underwriters can resist the issuance risk, with every analysis of the market line.

農(nóng)機(jī)企業(yè)排隊(duì)IPO

Agricultural machinery enterprises queue up for IPO

2023年4月6日上午，隨著花溪科技少帥孟家毅手起鐘響，國(guó)內(nèi)農(nóng)機(jī)行業(yè)新增了一家上市公司。

On the morning of April 6,2023, with the bell ringing of Meng Jiayi, the young marshal of Huaxi Technology, a new listed company was added in the domestic agricultural machinery industry.

花溪科技股份有限公司，國(guó)內(nèi)農(nóng)機(jī)圈更熟悉的名字是花溪玉田，是國(guó)內(nèi)專(zhuān)業(yè)從事農(nóng)作物秸稈打捆機(jī)業(yè)務(wù)的細(xì)分領(lǐng)域隱形冠軍，是國(guó)內(nèi)小方捆機(jī)行業(yè)的領(lǐng)軍企業(yè)。時(shí)勢(shì)成就英雄，花溪科技近幾年櫛風(fēng)沐雨、披荊斬棘，經(jīng)過(guò)兩代人的努力，憑著實(shí)力和專(zhuān)業(yè)水準(zhǔn)以及連續(xù)三年時(shí)間的準(zhǔn)備，終于敲開(kāi)了北交所大門(mén)，據(jù)悉花溪科技是赴北交所上市的首家農(nóng)機(jī)裝備企業(yè)。

Huaxi Technology Co., Ltd., more familiar with the domestic agricultural machinery circle, is the invisible champion in the subdivision of crop straw baler business in China, and the leading enterprise in the domestic small square baler industry. In recent years, Huaxi Technology has, through two generations of efforts, with strength and professional standards and three consecutive years of preparation, finally opened the door of the North Exchange. It is reported that Huaxi Technology is the first agricultural machinery and equipment enterprise to be listed in the North Exchange.

有專(zhuān)家預(yù)計(jì)，隨著花溪科技IPO成功，國(guó)內(nèi)農(nóng)機(jī)企業(yè)的IPO閘門(mén)有可能會(huì)開(kāi)啟，乘著國(guó)家強(qiáng)農(nóng)惠農(nóng)、資本助農(nóng)政策的東風(fēng)，濰柴雷沃、沃得農(nóng)機(jī)、缽施然、英虎機(jī)械、威馬、拓普云農(nóng)等企業(yè)的上市靴子會(huì)加速落地。有了示范效應(yīng)，后面會(huì)有更多的農(nóng)機(jī)企業(yè)沖刺資本市場(chǎng)，國(guó)內(nèi)農(nóng)機(jī)行業(yè)競(jìng)爭(zhēng)將升級(jí)，農(nóng)機(jī)行業(yè)第二次資本浪潮到來(lái)?？梢?jiàn)，說(shuō)國(guó)內(nèi)農(nóng)機(jī)行業(yè)是資本洼地當(dāng)實(shí)至名歸！除了花溪科技之外，國(guó)內(nèi)農(nóng)機(jī)行業(yè)最近一個(gè)赴交易所敲鐘的公司是山東弘宇股份，上市時(shí)間是2017年8月2日，之后的7年間，雖然有沃得農(nóng)機(jī)、威馬股份、極飛科技、缽施然等公司的前仆后繼沖擊IPO，但一直沒(méi)有再敲開(kāi)主板市場(chǎng)大門(mén)，這對(duì)青春期的國(guó)內(nèi)農(nóng)機(jī)行業(yè)算得上是一種磨礪。

Huaxi Technology, the IPO gate of domestic agricultural machinery enterprises may be opened. Taking the advantage of the national policy of strengthening agriculture and benefiting farmers and capital assisting agriculture, the listing boots of Weichai Lewo, Ward Agricultural Machinery, BoShiran, Yinghu Machinery, Weima, Topu Yunnong and other enterprises will accelerate the landing. With the demonstration effect, there will be more agricultural machinery enterprises sprint behind the capital market, the domestic agricultural machinery industry competition will upgrade, thesecond capital wave of agricultural machinery industry arrival. Visible, say domestic agricultural machinery industry is capital depression when deserved! In addition to huaxi technology, the domestic agricultural machinery industry recently a exchange bell company is Shandong hong yu shares, the listing time is on August 2,2017, after seven years, although with agricultural machinery, horse shares, extremely fly technology, bowl ran company before after IPO, but never knocked on the main board market door, the adolescent domestic agricultural machinery industry is a kind of hone.

四千多家優(yōu)秀的企業(yè)如過(guò)江之鯽奔赴IPO戰(zhàn)場(chǎng)，說(shuō)明IPO對(duì)企業(yè)具有巨大的價(jià)值。IPO之于農(nóng)機(jī)企業(yè)至少有以下的幾點(diǎn)好處：

More than 4,000 outstanding enterprises rushed to the IPO battlefield, indicating that IPO has great value to enterprises. IPO for agricultural machinery enterprises at least have the following benefits:

一是低成本的募集巨量資金，解決企業(yè)發(fā)展中的資金問(wèn)題，加速企業(yè)成長(zhǎng)。2022年沃得招股說(shuō)明書(shū)、2023年濰柴雷沃招股說(shuō)明書(shū)上可看到兩個(gè)企業(yè)IPO募資分別為60億元、50億元。如果上市成功并順利地募資到巨額資金，兩家企業(yè)的發(fā)展速度會(huì)加速，同時(shí)會(huì)改變國(guó)內(nèi)，抑或全球農(nóng)機(jī)行業(yè)的競(jìng)爭(zhēng)格局。IPO募集來(lái)的資金來(lái)自特定發(fā)行對(duì)象或廣大股民，企業(yè)是無(wú)償使用的，回報(bào)股民的是未來(lái)的分紅，如果企業(yè)經(jīng)營(yíng)不善，無(wú)利潤(rùn)可分也不會(huì)承擔(dān)責(zé)任，與向銀行、金融機(jī)構(gòu)、個(gè)人融資相比，IPO上市融資是成本最低的一種途徑，這也是IPO最大的吸引力所在，也是企業(yè)對(duì)IPO趨之若鶩的原因。

First, raise a huge amount of funds at low cost to solve the capital problems in the development of enterprises and accelerate the growth of enterprises. In the prospectus of Ward in 2022 and the prospectus of Weichai Lewo in 2023, the IPO of the two enterprises raised 6 billion yuan and 5 billion yuan respectively. If the listing is successful and raises a huge amount of money, the growth of the two companies will accelerate and change the competitive pattern of the domestic and global agricultural machinery industry. IPO to raise moneyfrom specific object or the majority of people, enterprise is free of use, return people is the future dividends, if the enterprise management, no profit can not take responsibility, compared to the Banks, financial institutions, personal financing, IPO listed financing is a way of the lowest cost, this is also the biggestattraction of IPO, is also for the enterprise of the IPO.

二是企業(yè)知名度、美譽(yù)度、品牌影響力等無(wú)形價(jià)值。誠(chéng)然能成功IPO的農(nóng)機(jī)企業(yè)，在行業(yè)內(nèi)都是經(jīng)營(yíng)良性，有一定知名度的好公司，但是同樣都是好公司，有企業(yè)一旦成功上市，就會(huì)有鯉魚(yú)跳龍門(mén)效應(yīng)，從此之后呼風(fēng)喚雨、資源聚集。

Second, the enterprise visibility, reputation, brand influence and other intangible value. It is true that the successful IPO of agricultural machinery enterprises, in the industry are benign management, have a certain popularity of good companies, but the same are good companies, enterprises once successfully listed, there will be carp jump Longmen effect, from then on the wind and rain, resource gathering.

三是規(guī)范化經(jīng)營(yíng)，上市對(duì)農(nóng)機(jī)企業(yè)來(lái)講不僅僅是打通了直接融資的通道，更重要的是實(shí)現(xiàn)從商品經(jīng)營(yíng)到資本經(jīng)營(yíng)的跨越式發(fā)展，具有里程碑意義，上市是融資的機(jī)會(huì)，更是規(guī)范企業(yè)行為，全面提升企業(yè)的機(jī)會(huì)。

Third, standardized operation, listing for agricultural machinery enterprises is not only to open up the channel of direct financing, but more importantly, to realize the leap-forward development from commodity management to capital management, which has a milestone significance. Listing is a financing opportunity, but also to standardize enterprise behavior and comprehensively improve the opportunity of enterprises.

四是創(chuàng)業(yè)者和投資人可以通過(guò)資本市場(chǎng)讓自己的財(cái)富增值并變現(xiàn)等。從科創(chuàng)板、創(chuàng)業(yè)板、上交所主板、深交所主板、北交所IPO在審信息系統(tǒng)看，目前排隊(duì)申請(qǐng)IPO的公司有新疆缽施然、威馬農(nóng)機(jī)、沃得農(nóng)機(jī)、英虎農(nóng)機(jī)、濰柴雷沃、拓普云農(nóng)、潤(rùn)農(nóng)節(jié)水等。但以上的名單只是冰山的一角。目前農(nóng)機(jī)行業(yè)有數(shù)十家新銳企業(yè)正在磨刀霍霍，進(jìn)入資本市場(chǎng)取得新的斬獲是他們的天然訴求，且這些“新農(nóng)機(jī)”企業(yè)普遍有互聯(lián)網(wǎng)、智慧農(nóng)機(jī)的基因。

Fourth, entrepreneurs and investors can increase the value of their wealth and realize their wealth through the capital market. From the IPO information system of the Science and Technology Innovation Board, the GEM Board, the main board of the Shanghai Stock Exchange, the main board of the Shenzhen Stock Exchange and the Beijing Stock Exchange, the companies currently queuing for IPO include Xinjiang Bo Shiran, Weima Agricultural Machinery, Ward Agricultural Machinery, Yinghu Agricultural Machinery, Weichai Lewo, Tuopu Yunnong, Runnong WaterSaving, etc. But the above list is just the tip of the iceberg. At present, there are dozens of new enterprises in the agricultural machinery industry that are sharpening their knives. It is their natural appeal to enter the new gains in the capital market, and these "new agricultural machinery" enterprises generally have the genes of Internet and intelligent agricultural machinery.

可以說(shuō)農(nóng)機(jī)行業(yè)這次IPO可謂浪潮洶涌，其中不乏如濰柴雷沃、沃得農(nóng)機(jī)這種行業(yè)內(nèi)的超級(jí)大腕，以及拓普云農(nóng)這種具備智慧農(nóng)業(yè)、農(nóng)業(yè)物聯(lián)網(wǎng)的高科技農(nóng)業(yè)公司。據(jù)行業(yè)專(zhuān)家分析，本輪IPO，第一波充當(dāng)先鋒隊(duì)的是濰柴雷沃、沃得農(nóng)機(jī)、英虎農(nóng)機(jī)等以傳統(tǒng)的拖拉機(jī)、聯(lián)合收獲機(jī)為主業(yè)的裝備制造型農(nóng)機(jī)企業(yè)，第二波、第三波將是天生帶著數(shù)字化、精準(zhǔn)化、智能化、無(wú)人化、新能源基因的“互聯(lián)網(wǎng)+農(nóng)機(jī)”“物聯(lián)網(wǎng)+農(nóng)機(jī)”“智慧農(nóng)業(yè)+農(nóng)機(jī)”的高科技農(nóng)機(jī)公司。

and agricultural Internet of Things. According to industry experts analysis, the IPO, the first wave as a vanguard is weichai lei wo, farmers, tiger with traditional tractors, joint harvester farm machinery of equipment manufacturing agricultural machinery enterprises, the second and third wave will be born with a digital, accurate, intelligent, unmanned, new energy gene "Internet + agricultural machinery" "Internet of things + agricultural machinery" "wisdom agriculture + agricultural machinery" high-tech agricultural machinery company.

這些農(nóng)機(jī)企業(yè)成功上市之后，屆時(shí)國(guó)內(nèi)資本市場(chǎng)將會(huì)真正地形成一個(gè)實(shí)力強(qiáng)大的農(nóng)機(jī)裝備板塊，有一些企業(yè)可能會(huì)赴海外上市，成為兩地或多地上市公司，在中國(guó)農(nóng)機(jī)走出去的進(jìn)程中，資本將會(huì)發(fā)揮引擎和引領(lǐng)者的雙重作用。

After the successful listing of these agricultural machinery enterprises, the domestic capital market will truly form a powerful agricultural machinery equipment sector, and some enterprises may go listed overseas and become listed companies in two places or more places. In the process of China's agricultural machinery going out, capital will play the dual role of engine and leader.

競(jìng)爭(zhēng)時(shí)代，企業(yè)對(duì)標(biāo)IPO無(wú)疑是做大做強(qiáng)的必經(jīng)之路

In the era of competition, the standard IPO is undoubtedly the only way to become bigger and stronger

中國(guó)農(nóng)機(jī)行業(yè)并沒(méi)有進(jìn)入品牌競(jìng)爭(zhēng)、社會(huì)營(yíng)銷(xiāo)競(jìng)爭(zhēng)階段，由于叢林化的競(jìng)爭(zhēng)環(huán)境，決定了中國(guó)農(nóng)機(jī)市場(chǎng)不會(huì)沿襲歐美國(guó)家的農(nóng)機(jī)市場(chǎng)的路線(xiàn)按部就班，為了盡快逃離紅海泥淖，幾乎所有完成原始積累的公司都選擇獨(dú)立IPO，也就是資本突圍。

China's agricultural machinery industry did not enter the stage of brand competition, social marketing competition, due to the jungle competition environment, determines China's agricultural machinery market will not follow the European and American agricultural machinery market route, in order to escape the red sea as soon as possible, almost all complete the original accumulation company choose independent IPO, namely capital to break.

只要IPO成功，不但前期付出的一切都會(huì)得到回報(bào)和變現(xiàn)，創(chuàng)始人和高管實(shí)現(xiàn)財(cái)富自由，從此跳入天門(mén)不在凡界，這是競(jìng)爭(zhēng)的升維，就相當(dāng)于從三維進(jìn)入四維空間，多一維對(duì)低維的競(jìng)爭(zhēng)伙伴就是降維打擊。

As long as the IPO is successful, not only everything paid in the early stage will be rewarded and realized, the founders and executives will realize wealth freedom and jump into the gate of the world. This is the dimension of competition, which is equivalent to entering the three-dimensional space, and the three-dimensional competition is the low-dimensional attack.

農(nóng)機(jī)行業(yè)已經(jīng)進(jìn)入多寡頭壟斷階段，同時(shí)競(jìng)爭(zhēng)升級(jí)，已進(jìn)入資本競(jìng)爭(zhēng)階段，但資本是較高級(jí)的競(jìng)爭(zhēng)，同時(shí)資本競(jìng)爭(zhēng)也是少數(shù)玩家的競(jìng)爭(zhēng)，沃得農(nóng)機(jī)、濰柴雷沃任何一家成功IPO，對(duì)雙方以及整個(gè)行業(yè)都會(huì)產(chǎn)生巨大而深遠(yuǎn)的影響，行業(yè)競(jìng)爭(zhēng)格局有可能煥然一新。

最高層面的競(jìng)爭(zhēng)是資本競(jìng)爭(zhēng)，贏家獲得是戰(zhàn)略的主動(dòng)，可以將別人獲得的時(shí)間和空間上的優(yōu)勢(shì)盡收囊中。未來(lái)唯大且強(qiáng)的農(nóng)機(jī)企業(yè)才能爭(zhēng)取一席之地，從全球范圍內(nèi)看，約翰迪爾、凱斯紐荷蘭、愛(ài)科、久保田、一拖、道依茨、馬斯奇奧等跨國(guó)巨頭或國(guó)內(nèi)頭部企業(yè)，幾乎都是上市公司，一拖還是A股和H股兩地上市公司，美國(guó)企業(yè)90%的融資來(lái)自直接融資，而國(guó)內(nèi)只有15%左右。

Agricultural machinery industry has entered the stage of oligopoly, competition at the same time, has entered the stage of capital competition, but capital is advanced competition, capital competition is also a few players competition, wo, any successful IPO, for both sides and the industry will have a huge and far-reaching influence, industry competition pattern may look brand-new. The highest level of competition is capital competition, the winner is the initiative of strategy, can be the time and space advantage of others. Future only big and strong agricultural machinerye for a place, globally, John Deere, the new Holland, love, kubota, A drag, way, mas, multinational giants or domestic head enterprise, is almost all listed companies, A drag or A shares and H shares both listed companies, 90% of American companies financing from direct financing, and domestic only about 15%.

國(guó)內(nèi)農(nóng)機(jī)企業(yè)要積極的擁抱資本，一方面是通過(guò)資本市場(chǎng)募資，幫助企業(yè)快速做出規(guī)模和行業(yè)影響力，另一方面利用上市公司平臺(tái)打造品牌形象和利用平臺(tái)資源整合行業(yè)存量資源，以壓縮成長(zhǎng)周期，迅速建立規(guī)模和實(shí)力優(yōu)勢(shì)。

Domestic agricultural machinery enterprises should actively embrace capital. On the one hand, they should raise funds through the capital market to help enterprises quickly make scale and industry influence; on the other hand, they should use the listed platform of listed companies to build brand image and use the platform resources to integrate the industry stock resources, so as to compress the growth cycle and quickly establish scale and strength advantages.