The SSE's May 14 announcement showed that Foxconn Industrial Internet Co., Ltd. formally disclosed the "IPO initial public offering A share prospectus", the stock issuance arrangement and preliminary inquiry announcement.
May 14, Taiyuan Foxconn Technology Industrial Park
The preliminary inquiry announcement shows that Foxconn intends to issue approximately 1.97 billion shares, accounting for 10% of the total share capital after the issuance, all of which are public offerings of new shares and no transfer of old shares. Under the Internet, the online purchase time is May 24, and the signing of the company’s number is announced. The date was May 28. CICC served as the issuer (lead underwriter), and the stock referred to as 'industry rich'.
The raised amount has not shrunk to 27.253 billion yuan
Previously, the information of the Securities and Futures Commission did not mention Foxconn's raised funds and became the focus of the market.
With regard to the amount of funds raised, the previous market view predicts that Foxconn will reduce the amount of funds raised to reduce the impact on the market. In the previous month, Yao Ming-kang of the IPO approval was the first to win over the corner, and the final raised fund was 2.13 billion yuan. The amount of pre-disclosure fundraising has decreased by 63%. Market opinion holds that the launch of WuXi PharmaTech's 'discount' is an important reason for its early approval.
However, Foxconn's latest prospectus shows that the amount of funds raised is still 27.253 billion yuan has not shrunk. Foxconn prospectus proposed investment project focused on eight parts, with a total investment of 27.253 billion yuan. Compared with the amount previously disclosed, not Change.
30% strategic placement, locked for at least 1 year
Although there is no 'discount', Foxconn has another innovation in this listing.
According to the preliminary inquiry announcement, the issuance of the initial strategic placement accounted for approximately 30% of the total number of issuances. Of the stocks allocated by strategic investors, the lock-up period for 50% of the shares was 12 months, and 50% of the shares were locked out. The period is 18 months. According to the records of the inquiry, the Beijing News reporter calculated that 64.3% of the issued shares will be locked for one year.
Among them, in order to reflect the intention of strategic cooperation with the company, some investors may voluntarily extend the lock-up period of all their shares to not less than 36 months.
Strategic investors need to have good market reputation and market influence. Investors representing broad public interest, or large state-owned enterprises or their affiliated companies, large insurance companies or their subordinate enterprises, and state-level investment funds have strong financial strength. investor.
In addition, the lock-in period for offline issuance is also significantly extended. 70% of the offline issuance will be locked for 1 year. As long as investors participating in the offline purchase have no choice whether to lock, they must approve the condition. 30% of the shares are not Lock-up period, since the online issuance of shares on the Shanghai Stock Exchange, the date of trading can be circulated.
The so-called offline subscription refers to the purchase that does not go through the online trading system of the stock exchange. After the lead underwriter analyzes the investment value of the issuer, it provides the issuance price range and asks the pre-issued portion of the stock to the offline investor. Price, according to the subscription results to determine the issue price, according to the issue price to the investors. Participate in the offline subscription for public funds, social security funds and corporate annuities, insurance and other stock market 'long-term funds'.
According to the above-mentioned announcement, the reporter calculated that the current offline issuance will account for 49% of the total issuance, and the online placement will only be 21%.
A private equity person in Beijing believes that Foxconn’s strategy of adopting a large-scale lock-in position will not only help protect the enthusiasm of listed companies, but also provide protection for the current weaker market. Large-area lock-in will help reduce the amount of funds raised. Larger impact on the market.
Forecasts revenue of about 150 billion yuan in the first half of the year
According to public information, Hon Hai Precision was founded in 1974. It is the 'original giant' of electronic products around the world, and the founder is Terry Gou. Foxconn is the main business entity of Hon Hai Precision Group in the mainland, and its development has attracted much attention.
From a business point of view, Foxconn is principally engaged in the design, R&D, manufacturing and sales of various types of electronic equipment products. In terms of net profit, Foxconn 2015 was respectively 14.35 billion yuan, 143.7 billion yuan and 15.87 billion yuan, including 2016 Net profit increased by 0.11% from 2015, and net profit increased by 10.45% in 2016 compared with 2016.
The prospectus disclosed that operating income in the first half of 2018 was expected to be 146.06 billion yuan to 154.58 billion yuan, a year-on-year growth rate of 6.8% to 13.1%, and net profit attributable to shareholders of the parent company was 5.38 billion yuan to 5.6 billion yuan. The increase ranged from 0.9% to 5.1%. After deducting non-recurring gains and losses, the net profit attributable to shareholders of the parent company was 5.35 billion yuan to 5.56 billion yuan, a year-on-year increase of 0.6% to 4.5%.
According to the prospectus, the financial data in the first half of 2018 is a preliminary calculation. Unaudited, it does not represent the final realizable income, and does not constitute a profit forecast for the company.
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Foxconn’s parent company Hon Hai’s first quarter net profit of TWD 24.1 billion
On May 14, according to an announcement by the Taiwan Stock Exchange, Foxconn’s parent company Hon Hai’s first-quarter operating income was NT$1,258.90 billion and net profit was 24.1 billion TWD.
Hon Hai Precision was founded in 1974. It is the 'original foundry' of electronic products around the world. Its founder is Terry Gou. Its main business in mainland China is Foxconn. As early as June 2015, Hon Hai Chairman Guo Tingming stated that Hon Hai is Mainland's business is likely to spin off the Shanghai and Shenzhen stock markets in the next 3 to 5 years.
On the evening of December 13, last year, the Taiwan Stock Exchange announced that the board of Hon Hai Precision passed its initial public offering of RMB ordinary shares through its subsidiary Foxconn Industrial Internet Co., Ltd., and applied for listing on the Shanghai Stock Exchange.