This scheme whether implement key is circulation share shareholder whether agree the circulation of free tranfer 30% share equity install hillock with exchange " 6 generation management method · install theory ". Also is people whether approve " 6 generation management method · install theory " worth and exchange stock is equivalent. After exchanging Shenzhen airport share price can stand in 24. 29 Yuan

Advocate always in the idea of people Want exchange of equal value, exchange can not produce wealth Famous economist Mao Yu Shi of our country sir disagrees on this viewpoint; His old person home says " exchange produces wealth ". Lift both hands personally to agree with and support this viewpoint firmly. We use to raise sheep with make axe carry out explanation: Set first according to the theory of exchange of equal value " a sheep may exchange a axe ", so, the value of a sheep and a axe is identical.

A person who raises sheep is him to need a axe , have 2 kinds of method may get: Method one and self produce , so, he will pay out energy and the time of raising 10 sheeps to produce, make axe; Method 2 , use raise a sheep exchange a axe. The same person who makes axe wants to eat sheep also has 2 methods: 1, use energy and the time of making 10 of axes to raise sheep; 2, exchange a sheep with a axe.

For raise the person of sheep , get the price of a axe only is 9 sheeps below may accept; Same for make axe get person , get the price of a sheep only is 9 of axes below may accept. Now so long as a sheep may exchange a axe for raise sheep get person , have economized 9 sheeps; As making the person of axe, have economized 9 of axes. If have no advantage may speech, people how to again want exchange. The 9 sheep or 9 of axes that economizes are to increase wealth relatively actually. So, we say " exchange produces wealth ". The core that its relative wealth produces is the person of difference they produce cost and efficiency difference.

Because raise sheep to be easy, , is sheep too much , so in the market may want 2 sheep or more sheep then can exchange a axe, bring raise the relative decreasing of sheep person wealth or cause make the person wealth of axe land increase; Otherwise, is solitary.

On enterprise operation, is also same and such , we use to buy 1000 Shenzhen airport stocks, carry out explanation: Assume that your 17 Yuan has bought 1000 Shenzhen airport stock and input capital 1. Seventy thousands Yuan ( do not consider tax cost for calculating convenience). Free tranfer 300 after, you still have 700 Shenzhen airport stocks, each cost go to 24 from the increase of 17 Yuan. 29 Yuan. After reshuffle appears on the market the price of opening quotation in 24. More than 29 Yuan, convection clear share shareholder , have no any pecuniary loss

Shenzhen airport stock company deepens Zhen airport( group) the profit total of 2001 years do not deduct investment profit insufficient 3 to five-hundreds millions Yuan probably. Five-hundreds millions Yuan. Amount to net asset within five billions Yuan. Actual net asset earning rate is below 10%. Shenzhen airport is used , reduce Shenzhen airport( group ) profit to guarantee the profit increase of Shenzhen airport stock company.

Because of we purchase reshuffle, in carry out for Shenzhen airport " 9 broad axes " manage transform after, estimate will make Shenzhen airport annual increase the profit of one billion Yuan, press the first kind of purchase scheme reshuffle the 699,890,000 rear total calculations of capital stock, each increase profit 1. 43 Yuan. For not circulate share a Yuan is a first , convection clear share big not identical. Assume that security market lows the investment market of speculation, each profit increase 1. 43 Yuan will make share price go up again 28. 6 Yuan ( sum according to the price/earning ratio of 20 times); If is investment market each profit of suitable speculation increase 1. 43 Yuan will make share price go up again 57. 2 Yuan ( sum according to the price/earning ratio of 40 times); If is investment market each profit of plenty of speculations increase 1. 43 Yuan will make share price go up again 85. 8 Yuan ( sum according to the price/earning ratio of 60 times); If is investment market each profit of excessive speculation increase 1. 43 Yuan will make share price go up again 114. 4 Yuan ( sum according to the price/earning ratio of 80 times). This is security market " it is theoretical that wealth is enlarged ", is " exchange produces wealth " show way mainly.

The development of our country of the 10 remaining years of security market, have had, hundreds of purchase and reshuffle behavior. Have network concept, high-tech concept, college concept, software concept and privately owned concept , enter lifetime concept. And so on and so on. Put aside these concepts, do not say , its core should have only one, that is " profit increase ". Have no so far, a pass through speculative concept make appear on the market the operation of company achievement get genuine rise substantially. Speculate , concept is marketing company merely bank drawing machine , Tang Seng Rou, do not eat white, do not eat.

I carry out purchase work, have no what concept, to have is profit increase concept. Circulate if reach the profit of 3 years to turn goal, the share shareholder stock on hand each minimum also worth 40 Yuan, if coil during this rise suddenly , so each error 100 Yuan also have possibility. If this operation will reach each profit after decade to pass 10 Yuan, your wealth will be enlarged therefore 20 times even last a hundredfold. I writes in beginning of 2002 " Display in decade, share perfume, gain its one a hundredfold " say is this reason.

There is the investment story of a classics in America: Have one to lean, choose the tattered old lady that makes a living , die , in rubbish near her relative, in arrange old lady leave land have discovered a 100 beautiful round IBMs things left behind by the deceased company's stock. This 100 beautiful round IBM company's stock, through expert calculates it's value is beautiful round of forteen millions. Time is used only for 50 years, its value has increased one hundred and forty thousands times. Such investment efficiency in China will not occur again?

Use the summary of a word, So long as you believe security market " it is theoretical that wealth is enlarged " , also is " exchange produces wealth ". So after enterprise reshuffles , share price will surely rise 24. More than 29 Yuan.

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2002/7/9