Micronet collection May 23 report
This year, a number of mobile phone brand manufacturers have already started listing, and Bai Lifeng has made the first shot!
In the evening of today, Dafu Technology announced the progress of the reorganization, saying that the company has signed a framework agreement with the major shareholders of Chongqing Bailifeng Technology Co., Ltd. (hereinafter referred to as 'Balitung'), and will purchase 51% of the shares of Bai Lifeng through cash payment. .
According to the announcement, the estimated transaction value of 100% equity of Bai Lifeng is RMB 1.7 billion. The final transaction price is based on the assessment value determined by the “assessment report” issued by an independent third-party assessment agency and is negotiated and determined by both parties.
In contrast to the past, BHP entrusted that within 3 months after Dafu Technology paid the cash consideration in full, 80% of the actual income after the tax consideration of the entire transaction would be increased through the secondary market.
In other words, this transaction did not involve non-public issuance of stocks. Instead, after obtaining cash, Berlitz transferred its purchase of Dafu Technology's stocks from the secondary market. The shares held thereafter will be locked in for a period of 12 months.
According to the analysis, this way, on the one hand, it stabilizes the stock price of Great Rich Technologies, and on the other hand it reduces the lock-in time of Brilliance.
In addition, according to the contents of the announcement, the company’s performance promises: No less than RMB 168 million in 2018, no less than RMB 188 million in 2019, no less than RMB 216 million in 2020, and no less than RMB 216 million in 2021. The lower of the non-recurring profit or loss will be the lowest.)
Bertels listed, return on investment by more than 10 times in 360 years
Dafu Technology showed that Chongqing Brilliance Technology Co., Ltd. was established in 2013. It is a high-tech enterprise focused on the research and development of smart terminals, mobile Internet operations, and smart manufacturing eco-chain industrial parks. It should form a vertical layout based on smart terminals. Industry chain upstream panel, memory, chip and other core resources, horizontally expanding intelligent hardware, smart home, software research and other ecological chain system. 2016 Bailifeng was recognized as a national high-tech enterprise by the Ministry of Science and Technology.
At present, Bailifeng is the largest mobile phone and intelligent terminal R&D and manufacturing enterprise in Chongqing. In 2017, the top 100 enterprises in Chongqing ranked 45. The market share has been ranked in the top ten in China for nearly three years.
According to official statistics of BFP, as of the end of 2017, the cumulative shipments of Bally has reached 80 million units worldwide, and it has already opened up more than 30 international markets. Among them, the GFK data from international survey agencies shows that Brilliance is Lephone. The sales volume of mobile phones in 2017 was 4.67 million, which accounted for 1% of the domestic mobile phone market and ranked 9th.
It is worth noting that 360 or the largest beneficiary in this transaction. The data shows that in the ownership structure of Berlwide, Beijing Qihu Technology is its second largest shareholder, with a capital contribution of 22 million and a 15% stake. Qihoo Technology is a 360 company and its legal representative is Zhou Hongyi.
According to the current valuation of 1.7 billion yuan, 360 initial investment of 22 million yuan, less than two years time to increase to 255 million yuan, making profits over 10 times.
There are many mobile phone makers coming to market this year
In addition to Brilliance, this year a number of mobile phone manufacturers have launched a listing plan. Among them, Xiaomi and Chuanyin Technology have already improved the listing process.
On May 3rd, Xiaomi formally submitted a listing application to the Hong Kong Stock Exchange. Currently there are multiple versions of millet valuations on the market. The highest one is reported to reach US$200 billion, and the most talked about is US$100 billion. Earlier this month, Wall Street was on Wall Street. The newspaper quoted informed sources as saying that Xiaomi’s target valuation in the next IPO was 70 billion - 80 billion US dollars.
Today's media reported that Xiaomi’s valuation range is between US$63 billion and 68 billion. It is expected to start the road show within two weeks and start the IPO. However, Xiao Jun’s founder Lei Jun responded in the “Wang Feng’s Ten Questions to Think Tanks”, claiming the news was rumored. .
Another company called 'African Cell Phone King' and 'Chinese Mobile Phone Manufacturers' Overseas Stealth Champions' has also launched the listing process. On March 1st, the New Territories Pump Industry, which was suspended from trading, announced a major restructuring, saying that the company intends to pass the assets. Replacing and issuing shares to purchase assets to acquire the controlling power of Shenzhen Chuanyin Holdings Co., Ltd.
Prior to the suspension of trading, the market value of the New Territories pump industry was less than 3.2 billion yuan, and its business was relatively monotonous, with poor performance. According to analysis, if this major restructuring is implemented smoothly, the traditional main business is expected to be replaced by the mobile phone business of Tweeter Holdings. , Transmission and Control Holdings also constitute a backdoor.
In addition, last year the media also reported that Meizu Technology has already prepared for IPO in Hong Kong. In August 2017, Zhuhai National High-tech Industrial Development Zone publicized the latest version of the list of listed companies in Zhuhai Hi-tech Zone, among which the Meizu has its name.
Follow-up may start the listing of mobile phone manufacturers also include Nubia, Huaqin and other companies.