The Growth of the Richest Man - Chapter 221
January 4, 2011, the first working day after the Chinese New Year’s Day. On this day, a heavy news came that Yongchang Film and Television Co., Ltd. has passed the review meeting. It is expected that in another week, Yongchang Film and Television will open the issuance and subscription of IPO on the Shenzhen GEM!
Although Yongchang Film and Television Company is not the largest company in the Yongchang Group system, it is indeed the earliest company, even a year earlier than the establishment of the group company. Does the listing of such a company mean that the entire Yongchang Group will be gradually securitized? Many investors are very much looking forward to it.
Although Yongchang Film and Television has a small number of employees, and its products such as movies and TV series are not very productive, every year, there are only a few movies and TV series released, but each of its products has become a classic.
For example, “No. 32 in Area B”, as the first film work of Yongchang Film and Television, is a model of low-cost, high-yield films. Many new filmmakers often follow the footsteps of this film, hoping to be able to pass the filming. Low-budget movies, get rich overnight;
“Wolf Warrior” has become a symbol of national and military souls, bringing a wave of military-themed movies;
“Returning to the Ming Dynasty to Be a Prince” set off a wave of Ming Dynasty style, which made this little-known feudal dynasty become a symbol of a hard-core dynasty, and has a high reputation among the angry youth of netizens;
“Flower Thousand Bone”, a TV series of pure love and sadomasochism, has created a mysterious wind in the TV series, and it has also made the Five Dynasties and Ten Kingdoms, an era that few people know about, well-known.
“Love Apartment” and “If You Are the One” have become phenomenal urban love models. Many urban single young people with houses even go out to rent a house, hoping to meet their own “love apartment” or participate in various marriage activities. Hope to meet your own eyes and fall in love at first sight.
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Before the listing, when Zhang Yong was ranked on the Forbes China list, the valuation of Yongchang Film and Television was carried out through the valuation of the company’s assets. Therefore, at that time, the valuation of this company was Only a mere 3 billion yuan. However, now it is time to list this stock on the exchange. Listing on the exchange must follow the pricing rules of the capital market. In the capital market, a company’s valuation is based on the company’s profitability. priced.
In 2009, Yongchang Film and Television Company created more than 2 billion net profit for Zhang Yong, and in 2010, it is estimated that the amount of profit created by the company for Zhang Yong is even higher. However, because the financial statements in 2010 have not been statistically perfected, the pricing of this issuance is still based on the data in 2009.
The capital market has given Yongchang Film and Television a 23 times cap valuation. Except for a few employee shares that are awarded to those who have made significant contributions to the company, such as the shares of national treasure directors Ning Hao and Xu Zheng, and the shares of Yongchang Film and Television Company, almost all of them belong to Zhang Yong alone. The stock value of Yongchang Film and Television Co., Ltd. held by Yong has instantly reached more than 40 billion yuan.
The original valuation of only 3 billion yuan has become 40 billion yuan in an instant. It is no wonder that so many business owners are sharpening their heads and want to get their companies listed. Although these 40 billion shares, as the company’s actual owner’s stock, cannot be reduced casually, Zhang Yong can mortgage these stocks and mortgage them to the bank. In this case, although he cannot obtain all 40 billion, the loan Tens of billions out, the problem is not big at all. In addition, Zhang Yong is the lowest 10% IPO application, but even if it is a 10% subscription for new shares, the real money handed over by the investors is nearly 5 billion! Moreover, these funds will never need to be returned. At most, it is enough to take out a portion of the profits every year and distribute dividends to these shareholders.
Originally, Zhang Yong did not look forward to the listing very much, but attracted by so many funds, Zhang Yong’s eyes were shining like gold, and he must get more benefits from this lucrative market!
The funds raised by the company’s listing need to be specified in detail. As for the purpose of the money raised, when Tang Mingming asked Zhang Yong at that time, he remembered that Zhang Yong said that he wanted to write: “Supplement the company’s working capital (some time ago, Zhang Yong spent money like flowing water, and Yongchang Film and Television Company’s working capital, Almost all of them are not exhausted by Zhang Yong); develop and update new technology for film and television production; shoot films with relatively large production costs.”
Supplementing the company’s working capital is almost a mandarin phrase, and has no practical significance; shooting a movie with a larger production cost? This is understandable, but with 5 billion financing, what a movie with high production costs! However, Zhang Yong’s “Crazy Animal City” produced by another foreign film company, the production cost of this film, equivalent to the Chinese national currency, is also more than 3 billion. In this way, 5 billion is really not much!
One week after the review meeting of Yongchang Film and Television ~www.mtlnovel.com~ the subscription of Yongchang Film and Television was over, and three days later, the winning rate of Yongchang Film and Television was announced, 0.01%! Such a low rate of winning the lottery shows that many people are going to apply for this stock! After 2016, stock subscriptions can be purchased first and paid later, but in this era, stock subscriptions still need to be paid first and paid for subscription, that is to say, there are more than 400 billion funds, which are in real money. Silver Subscription Yongchang Film and Television!
Zhang Yong is very satisfied with this data. Although fund companies cannot speculate on their own stocks, Renren Fund and Yongchang Film and Television, although both belong to the Yongchang Group, are not the same company after all, so he can still speculate on his own stocks. Therefore, Zhang Yong’s future fund companies will have many more A good investment target.
After the stock issuance was successful, a reporter interviewed Zhang Yong specifically, hoping that he would explain what new technology he was going to develop and shoot a new movie. For investors, this is very important.
The stop of counterfeit medicine is to blow up LeTV’s **** through constant storytelling. Zhang Yong thought, why don’t you blow it up yourself?
“After successfully gaining recognition from the capital market, we will increase the production of large-budget movies and high-tech movies. In the near future, we are preparing to shoot some sci-fi movies, one is “The Wandering Earth” and the other is “Space Traveler”. Let the movie achieve the best effect, we have launched the space walk plan, when the movie stars will be launched into space, those important weightless scenes will also be shot in the real weightless environment of space, absolutely not. There will be any special effects production ingredients!”