Chapter 566 [Subsidiaries gather together to arrange listing]
Finally, Fang Hongyan said briefly and comprehensively: "What are the specific situations of the 307 companies that have survived the C-round financing stage and are broken down into eight major directions?"
When Tian Jiayi heard him ask this, he immediately flipped through a few pages of materials, found the corresponding data, and then said: "79 companies are in the electronic information direction, 46 are in the biology and new medicine direction, 12 are in the aerospace direction, and 32 are in the new materials direction.
There are 33 companies in the direction of high-tech services, 38 companies in the direction of new energy and energy conservation, 19 companies in the direction of resources and environment, and 48 companies in the direction of advanced manufacturing and automation."
After listening to the report, Fang Hong glanced at the ceiling, crossed his legs thoughtfully, and said as if he was minding his own business: "Well, it's not bad. If 10 to 20 companies can become the top of the industry, it will be a great success.
"
These more than 300 start-up companies have already survived the C-round financing stage. It is not a big problem for more than 200 companies to survive in the end, and it is not a big problem for more than 50 of them to be listed in the A-share market in the future.
In fact, if you really want to get listed, 200 companies can get listed, and the 80% listed companies currently in the A-share market are not as good as these 200, because the vast majority of listed companies in the A-share market are really rubbish.
But Fang Hong will not do this, because he wants to promote the plan to create the "Qunxingxing Characteristic Valuation System", which is a strategic long-term plan and must ensure that the underlying assets of Qunxingxing's listed companies are high-quality assets.
There must be a strong logic to support the market value in the long term, and the underlying assets are high-quality assets, which is the fundamental logic to support the market value.
Bringing high-quality companies to the Big A, and bringing poor companies to them, is tantamount to destroying the brand name of "Galaxy". The effect that Fang Hong wants is to invest in listed companies under the "Galaxy Characteristic Valuation System" over time.
Just buy it without thinking.
Just be bold and buy when there is a big drop. As long as you follow long-termism and value investment, even if you are chasing high prices, as long as the time period is extended, the high point at that time will also be a periodic buying point in the future.
Over time, this will form a listed company in the Galaxy. Just buy it with your eyes closed. As long as you stick to its value, the stocks of the Galaxy will definitely give investors satisfactory returns, make money steadily, and the trend will be as stable as the US stock index.
, you can sleep peacefully after buying it, and you don’t even need to check in several times a year.
To achieve this, the underlying assets of listed companies must be logically strong and of high quality.
Investors can buy with their eyes closed, because these listed companies are all listed companies. Qunxing Capital helps investors strictly screen and filter out bad companies, and the only companies that can be listed are truly good companies.
After a while, Fang Hong said: "The three sharing economy projects at Quantum Beat are ready for listing."
Tian Jiayi nodded and asked: "Where is WeChat?"
Hearing this, Fang Hong said: "There's no rush for this."
Most of the concepts of sharing economy are just a piece of cake, and not many can actually make money. However, the three sharing economy projects under Quantum Beat are the most profitable in this field.
"Ukomang" in the field of shared homestays competes with the foreign "Airbnb"; in the segment of online car-hailing, "Jiuzhouxing" competes with Uber from the United States; and "MakerFang" in the field of shared offices competes with
It's a North American wewrk.
Ukom, Maker and Jiuzhouxing are currently the leaders in their respective industries in China, and there are many followers, but they can no longer catch up. This is the case in the Internet industry. The winner can basically be determined in one or two years.
Obviously, these three companies can only take the route of backdoor listing. As for shell resources, Qunxing Capital has prepared a lot of them.
Tian Jiayi asked: "What valuations are given by these three companies?"
Fang Hong thought about it and said: "Ukomang will be valued at 5 billion yuan, Maker Square will be valued at 3.5 billion yuan, and Jiuzhouxing will be valued at 4 billion yuan. After the backdoor listing, I will be given about ten times the valuation. We will grow similarly in the future.
If a large-scale company goes public, give me ten times the price before it goes public."
At the scale of a ten-fold increase, the market value of Ukomang would be about 55 billion, Maker Square's market value would be about 38.5 billion, and Jiuzhouxing's market value would be about 44 billion.
What I have to say is that Fang Hong gave very low initial valuations to the listed companies in Qunxingxing, so they must all be undervalued.
On the one hand, this is to give the market makers of Qunxing Capital and the capital institutions that do market value management cheap chips and win the cake; on the other hand, it is to create the wealth effect of Qunxing listed companies in the market.
As for market value management, once the time period is lengthened, investors will look back many years later and find that since the listed subsidiary of Good Guy Group Galaxy was listed on the Big A, the cumulative increase has been dozens, hundreds or even hundreds of times after restoration.
.
And giving such a low valuation will indeed make it easy for some lucky retail investors to take advantage of it. Currently, with the dozens of shell resources in the hands of Qunxing Capital, some retail investors have no idea that the stocks they are trapped in will be sold at any time in the future.
One day the pheasant turned into a phoenix.
Finally, Fang Hong added: "Also, Yixing Media will get it for me in the first half of this year. What is the current status of Yixing Media's income statement?"
Tian Jiayi thought about it for a moment and then replied: "The total assets are 147 billion, and the liabilities are about 82 billion."
Fang Hong nodded to himself, thought for a moment and immediately made a decision: "Then the valuation will be 60 billion. After landing on the A-share market, it will be maintained at 150 billion, and then the market value will fluctuate between 150 billion and 200 billion, waiting for the value
Growth will almost fill the bubble before it breaks through."
The arrangements were clearly made directly. Tian Jiayi lowered his eyes and stared at the folder on his lap, memorizing Fang Hong's decisions one by one.
After a while, Fang Hong said again: "Kunpeng Technology also borrowed a shell to get it into the A-share market. The company's current equity is all in my name. I will directly package 4.7 billion and give it to Qunxing Capital, and then value it.
Get 5.5 billion."
Chu Changxing's Kunpeng Technology found Fang Hong in the angel round financing stage, raised 10 million yuan and transferred 45% of the other party's equity. Later, it raised several more sums of money, and now it is sold to Qunxing Capital for 4.7 billion yuan, which can be regarded as
I made money, but not much, just about 1 billion.
Because Kunpeng Technology is in a money-burning war with DJI to compete for "money power", it is all funds in Fang Hong's personal name that provide blood transfusion support to Kunpeng Technology.
DJI is currently experiencing a lot of difficulties, and its capital chain is a bit unsustainable.
The current pattern of the commercial drone market is that the top two are in a "fire fight", and then the third, fourth, fifth, and sixth who have just emerged are dead and disabled, and there is no soil for survival, because there is no soil for survival.
The eldest brother and the second child are engaged in a price war, resulting in no profit at all, unless they can raise money, but they can't.
Because the investors are not stupid either. If they want to invest, they have to invest in the boss or the second one. But the current situation is that DJI is still stubborn and refuses to accept the introduction of capital. The second one, Kunpeng Technology, is not short of money at all, and the father of the funder behind it is all over the country.
The fifth richest man in the world.
Faced with this situation, the employers who want to get involved in this field can only stare blankly, and would rather watch the show than invest money in the third, fourth, and fifth children, because there is really no hope, and the investment is almost 99%.
The probability is in vain.
DJI is really reaching its limit now, and the landlords have no food left, and the few steel coins they managed to save in the past few years are almost gone.
Now there are only two paths before DJI. One is to surrender to the latecomer Kunpeng Technology and give up its market share to be eaten away by its competitors. Its final fate may be to gradually decline and close down; the other is to step down.
Virtue can't control that much, so it directly fights with Kunpeng Technology. After bringing in capital and getting money, it continues to spend money and fight with Kunpeng Technology.
Qunxing Capital is squatting at the door of DJI. As long as DJI opens its mouth and is willing to accept capital, it will provide money with one hand and equity with the other. The money will be available in minutes, and it will be able to manage enough.
