One of the most important things this week is that Foxconn A-share IPO will be coming soon on March 8. From the first pre-disclosure prospectus to the meeting, Foxconn took just a month to launch as a rocket.
Revenue over 300 billion giant will debut
SFC official website shows that February 1, Foxconn for the first time to submit a draft prospectus, the Commission accepted the same day .2 February 9 draft prospectus and feedback are also disclosed, from the submission of materials to give feedback only separated by 8 day.
On February 22, the CSRC's website pre-disclosed updated Foxconn's new IPO declaration, which was submitted on February 11, that is, Foxconn responded to the SFC's question in two days and submitted it New submission
After the new issuance examination committee took office on October 17 last year, the passing rate of A-share IPO review dropped sharply at the moment, and the stringent access threshold attracted the attention of the market, while Foxconn was hurried to raise the market's attention to the issuance of new shares even more To the top.
According to the prospectus draft, Foxconn shares of this A-share IPO is actually part of the Foxconn group was split listing.Even so, the current revenue of the Foxconn company on the scale is staggering --2015 ~ 2017 Year, Foxconn shares revenue as high as 272.8 billion yuan, 272.712 billion yuan, 354.544 billion yuan, an average annual compound growth rate of 14%, but the electronics manufacturing gross margin and net interest rates generally low, Foxconn is also true .2015 ~ 2017 In the year, the Company's shareholders attributable to the parent company were 14.35 billion yuan, 14.366 billion yuan and 15.868 billion yuan, with the net interest rate hovering around 5%.
Or become A shares embrace the new economic benchmark event
And the highlight of Foxconn's IPO is not only its massive size, but more importantly, it seems to be seen as a benchmark for A-share embracing the new economy.
February 28, the Securities and Futures Commission issued a recent guidance to the relevant securities firms, including biotechnology, cloud computing, smart manufacturing, eco-friendly, etc. 4 industries, including 'Unicorn' corporate customers, immediately to The issuance department report, in line with the relevant provisions of those who can apply for immediate trial, without queuing.
Although the SFC officials did not make it clear, but the support for new technologies and new economy has long been clues.
On January 31, it was reported that in its briefing on securities regulatory work in 2018, the CSRC said: 'In order to assimilate the mature and effective systems and methods of international capital markets that are guided by serving the state strategy and building a modern economic system, we will reform the system of issuing and listing We will work hard to increase the inclusiveness and adaptability of the system and step up our support for the new mode of new industry and new industries. '
On Feb. 27, Xinhua News Agency said that the "BATJ Dream" in China's capital market was round. "Embracing innovative enterprises - This is the dream China's capital market has had since the beginning of the new century. Nowadays, the Chinese economy has entered a new Era, the national innovation strategy has risen to unprecedented heights, overseas capital markets have taken measures to attract outstanding innovative enterprises in China, capital markets in our country, get rid of obstacles to absorb more outstanding innovative enterprises, very urgent. 'Xinhua stressed that the capital The market will embrace the best companies in these new areas in all directions, and as long as we can take a crucial step, cultivating our own BATJ in China's capital market is no longer just a dream.
After the Foxconn A-share market, it will also reunite with some of its mainland brothers.
For example, Fuding Electronics (Jiashan) Co., Ltd., the second largest shareholder of Henan Anacai Tech (600207, closing price 7.57 yuan) is a subsidiary of Foxconn.Foxconn and Henan have carried out extensive cooperation and Zhengzhou is the core area for cooperation, Zhengzhou 85% of exports strongly driven by Foxconn.
Foxconn Precision Grinding equipment supplier - CNC-Central (002 903, closing price of 37.08 yuan) listed in the interactive platform represents Foxconn will help enhance the company's products and services and business development company specializing in CNC grinding equipment and intelligence equipment. R & D, production, sales and service to provide customers with precision grinding and intelligent manufacturing technology integrated solutions, products can be widely used in consumer electronics, automotive industry, new materials, instrumentation and other fields.