The front foot is still enjoying the welcome of the flowers and bells Qihoo 360, hind foot will usher in the renamed the first daily limit after the flop.
February 28, Jiangnan Jiajie officially changed its name to 360 Security Technology Co., Ltd. (stock referred to as '360'), opened up 3.84%, the company's total market capitalization was as high as 444.2 billion yuan.
However, in less than two hours, three hundred sixty touched the lower limit, a slight adjustment in the afternoon, fixed in the lower limit position, to close at 56.92 yuan, however, in the market the first day of ups and downs ups and downs of the plot, some lament, Someone seems to be expected.
Are valuation bubbles bubble blame!
Three thousand and six renamed the first day of the song on the final release price limit
Last lasted three years, 360 return A shares finally settled.
The restructuring and listing ceremony of 360 Safety Technology Co., Ltd. (hereinafter referred to as '360') was held on the Shanghai Stock Exchange on February 28. 360 Chairman Zhou Hongyi dressed in a red jacket and attended the 360 Executive Team Knocking gong ceremony.
(Source / Surging News)
After the gong ceremony, 360 opened at 65.67 yuan per share, an increase of 3.84% .But then the stock price diving and green disk shocks, during which several times touched the limit.As of the close of the day, 360 down to close at 56.92 yuan / share.
At the opening, 360's market capitalization reached 444 billion yuan, but at the close, the market capitalization of about 385 billion yuan, intraday market value evaporated nearly 60 billion yuan.A securities analyst told 21st Century Business Herald reporter, 360 company's good has been It was anticipated that the market capitalization of nearly 400 billion yuan will be somewhat inflated and the market will not buy the news of its renaming.
As early as three sixty-eight were backdoor Jiangnan Jia Jie early burst, the company's share price has experienced a fiery ups and downs.
November 7, 2017, Jiangnan Jiajie resumption of trading, and even pull the 17 daily limit, opened the daily limit and then rose to 66.50 yuan / share, according to the total share capital after the backdoor backdoor 6,764,000,000 shares, the company's total market capitalization reached 449,806,000,000 yuan, Corresponding to the 0.4 yuan per share in 2016, Jiangnan Jiajie P / E as high as 169 times.
Even after the share price fell, as of February 28, the total market value of 3,606 still stood at 385 billion yuan, ranking 15th in the Shanghai and Shenzhen stock markets and ranking the first in the Internet and related service industries. Compared with the market value of 59 billion yuan before the delisting in the United States Increase more than seven times.
It is important to point out that the market value of the A-share stocks in the 3060s has more than quadrupled, but there has not been any positive change in the company's fundamentals.
It is noteworthy that, according to the latest BATJ's share price shows that Tencent Holdings total market value of about 41056000000 Hong Kong dollar (about 3,319,266,000,000 yuan), Alibaba's total market capitalization has remained at 471.8 billion U.S. dollars (about 29853.62 billion yuan), Baidu The total market capitalization was 87.6 billion U.S. dollars (about 554.298 billion yuan) and the total market capitalization of Jingdong was 67.5 billion U.S. dollars (about 427.113 billion yuan).
These figures mean that in terms of total market capitalization, 360 has become the fifth largest domestic Internet company behind BATJ.
However, as far as its performance and asset size are concerned, there seems to be a gap between the number of 3660s and the number of the first four, according to the announcement disclosed January 30 that the total number of assets of the company in the period of 3660 was 13.844 billion yuan.
Data show that from January 2014 to January 2017, 3660 revenues were 7.82 billion yuan, 9.36 billion yuan, 9.9 billion yuan and 5.29 billion yuan, net non-profit deductions were 5.3 billion yuan, 1.07 billion yuan , 740 million yuan and 1 billion yuan.
In addition, Sanliu also made a performance commitment of not less than RMB2.2 billion, RMB2.9 billion and RMB3.8 billion respectively after deducting non-recurring gains and losses from 2017 to 2019.
On the other hand, not mentioning the revenue of hundreds of billions of yuan of Alibaba and Tencent, Baidu and Jingdong only, in terms of assets and revenue size, 360 is not at all a level and far from.
According to wind data, in 2017, total assets of Baidu reached 251.728 billion yuan, operating revenue in 2017 was 84.409 billion yuan and net profit was 18.301 billion yuan.
The total assets of Jingdong in the third quarter of 2017 also reached 180.43 billion yuan in the first three quarters, operating income was 252.166 billion yuan, net profit of 7.57 billion yuan.
From this point of view, compared with the fundamentals of BATJ, three hundred and sixty stock price is a worthy name.
Zhou Hongsheng soared
In the listing ceremony, Zhou Hongyi said that with China entering a new era, China's GDP in the world second, China needs to have a commensurate capital market may history of capital markets, many past excellent Internet companies choose to go abroad But in the future we will see various new technologies flourishing and more high-quality Internet companies will visit the A-share market in succession to share better returns for A-share investors.
'The country is very confident about the network security capabilities of 360, which is also the driving force for further development after we return to A-shares.' Zhou Hongyi said.
February 28 the same day, Hurun Institute released the "2018 Hurun Global Rich List," which Zhou Hongyi to 75.5 billion yuan in wealth jumped to No. 126, 666 more than last year.
Zhou Hongsheng soaring behind the body, and the soaring price of 360. November 2 last year, 360 announced the restructuring of Jiangnan Jiajie in order to achieve A-share market, and Jiangnan Jiajie on November 7 immediately after the resumption of the usher in 18 A daily limit, its share price rose from less than 9 yuan to nearly 50 yuan.
According to the announcement, at present, Zhou Hongyi directly holds 12.14% stake in the new 3660 company, is the second largest shareholder, Tianjin Qixin Zhicheng Technology Co., Ltd. holds 48.74%, as the largest shareholder. Technology Co., Ltd. as the largest shareholder, according to statistics, through its direct and indirect holdings of about 360 companies 360 million shares, the shareholding ratio of 23.31%.
In the face of 360's current share price, Zhou Hongyi did not blindly enjoy the joy, but with a hint of concern.He said that the stock price is so high that the company would like to bake on the fire, and let colleagues not be deceived by these appearances. Earn more than us, but more than we are afraid, afraid to be abandoned by the times.
In terms of market capitals, 360 did hit a never-before-high spot, which was founded 360 in 2005 and landed on the NYSE in 2011. However, in June 2015, Zhou announced the privatization of 360. 7 Month, 360 privatization completed, delisted from the NYSE.
Turning to the reasons for leaving the stock market, Zhou Hongyi told 360 employees that US stocks can not fully reflect the value of 360. It is reported that in June 2015, 360 privatization started the price of about 8.5 billion US dollars, the withdrawal from the US stock market The market value of about 9.5 billion US dollars.
To 382.5 billion yuan market value at the close on February 28 to count, return to A shares, has 360 times the market value of more than 6 times the above securities analysts told reporters that 360 return to A shares, market value growth is reasonable, However, the increase in such times has not matched its current performance and growth rate.
'Chinese identity' to be safe
For now, how to maintain the rapid growth of 360 has become a top priority for Zhou Hongyi, on the one hand, to make its high share price more convincing, on the other hand, to make 360 performance promises.
It is reported that 360 companies have promised that after the implementation of the reorganization from 2017 to 2019, the company net profit after deducting non-recurring gains and losses were not less than 2.2 billion yuan, 2.9 billion yuan and 3.8 billion yuan.
However, 360's financial data show that from 2014 to 2016, 360 companies deducted non-net profit were 529 million yuan, 1.065 billion yuan and 744 million yuan; the first half of last year deducted non-net profit of 995 million yuan.
Zhou Hongyi told reporters in the 21st Century Business Herald that although the performance of the first half of last year was only 45% less than the annual target, in general, the performance of the internet in the second half will be higher than that of the first half of the year. In the first half of 360 Performance is close to half of the promised performance for the whole year, so there must be no problem in fulfilling the promised performance.
In the listing ceremony, Zhou Hongyi also pointed out that the 360 after the return of A shares, to force the three aspects:
First, adhere to the 'safety first' strategy;
Second, continuous innovation in big data and artificial intelligence;
Third, vigorously expand the content.
Zhou Hongyi said that cybersecurity has risen to the national strategic level and that "there is no cybersecurity, there is no national security," it has become a national consensus, and after its return to the domestic market in 360, it will participate in the construction of national security with 100% of China's status .
Zhou Hongyi told reporters that the reason why 360 delisted from the United States, because 360 where the industry is very special. 360 ads, games and other business can make money, but 360 really get the user base or network security business. And this business bigger The future needs to be consistent with national interests.
Currently, 360 has been fully deployed in the fields of PC terminals, mobile terminals and smart hardware. Its safety products and services cover the security of computers, mobile phones, home, travel, paternity and other aspects.
According to the official data of 360, the market share of 360 PC security products (360 security guards, 360 antivirus, etc.) is as high as 94.77% with an average of 509 million monthly active users. The active users of 360 mobile security products have a penetration rate of 66.7% The user reached 1.161 billion.
The face of the existing achievements, Zhou Hongyi hope and 360 companies can have zero mentality.He said that many people think the company is an end of the listing, but for its part, the listing may be a new starting point .For 360 Words, the same is also a new beginning.