MTL - Rebirth 2008: I Can Make Money Reading-v2 Chapter 495 Valuation of Xinghai New Energy Company

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July 4th, two o'clock in the afternoon.

City H, the airport.

Yang Nian just got off from the airport, and before returning to her home in City H, she got on the driver of Xinghai Group's logistics department to pick her up in the extended version of Future 01.

She also has two Future 01s, one for use in Hong Kong City and one for H City, both of which were gifts from the boss.

In the future, the 01 will be a mass-produced car of the Xinghai Group, with a sales price of 20 to 30 million yuan, so the probability of appearing in H City will be higher.

Only 100 vehicles are sold every year. Since the launch of Mirai 01, plus Xinghai Group's internal ownership, the current global ownership is less than 300 vehicles. Every appearance of a vehicle can attract the attention of passers-by.

Therefore, when Yang Nian got on Future 01, dozens of passers-by outside the airport were wondering who it was.

"Who is she? Can I sit in Future 01, Mu Yang's relative?"

"It should be a senior executive of the Xinghai Group, or a VIP of the Xinghai Group."

"That's Yang Nian, the president of Xinghai Investment Company. Recently, Xinghai New Energy Technology Co., Ltd. is planning to go public. She has been exposed more in the media." A passerby who knew Yang Nian explained to the surprised passerby next to him.

"Oh, so she is Yang Nian. I've seen photos, but I can't recognize her in real life. This woman has short hair, and she looks really capable in her work."

"Brother, which one of the top executives of the Xinghai Group is simple, this woman controls a company worth hundreds of billions."

"The Xinghai Group is really powerful. Another company has gone public, and Mu Yang's wealth is going to skyrocket again. The wealth is beyond compare."

"That's right, Muyang and Xinghai Group are the pride of our City H." "If I remember correctly, Muyang's hometown is in Gui Province."

"The richest man has already settled in City H. The company's headquarters is in City H, which means that people like it here." Gossip about Xinghai Group is a hot topic in the local area.

When some outsiders who just got off the plane came to City H, the locals would chat about Xinghai Group and Mu Yang.

Half an hour later, Future 01's car was approaching the Xinghai Group headquarters base. But, the road ahead is blocked.

Feeling tired from flying, Yang Nian sat in the back seat and squinted his eyes to rest. He found that the car hadn't moved for several minutes. He opened his eyes, looked up and saw that the road was blocked, frowned, and asked the driver:

"Master, what happened ahead?"

"Mr. Yang, it's probably due to a traffic jam. The company's business is busy, especially the Hummer EV02 is hot, and there are a lot of trucks coming to pull new cars. In addition, the viaduct of the Hyperloop is under construction, and there are many construction vehicles passing by. There are too many cars, and this road is often congested recently, even the two-way four-lane Xinghai Avenue can’t stand it.”

The first and second phases of the headquarters base cover an area of ​​5,500 mu, and the third phase, which covers an area of ​​7,000 mu, is separated by a wide road, about two to three kilometers long, called Xinghai Avenue.

A bridge deck is built on the road surface of Xinghai Avenue for internal vehicles, and the outside cannot enter. No matter how blocked the Xinghai Avenue under the bridge will not affect the road traffic on the bridge surface.

Most of the factories on the headquarters base side have been transferred to Industrial Park No. 2, but there are still some factories that have not been moved, such as the automobile factory.

Xinghai Group is busy with business, with trucks coming in and out, mainly car factories.

Cars take up too much space, and they are Hummer new energy vehicles with a large size. A large truck can only pull a few Hummer new energy vehicles.

The domestic Hummer company has a monthly output of 30,000 to 40,000 vehicles, and its daily shipments are no less than 1,000 vehicles. During the peak period of shipments, hundreds of large trucks pulling Hummers, plus other trucks, and engineering Car, it can be said that Xinghai Avenue is very busy, and several traffic policemen come to direct the traffic every day, also to ensure the normal operation of Xinghai Group.

Yang Nian stared at the situation ahead, and found that there were indeed many construction vehicles passing by, and asked, "Is there no traffic control?"

The driver sighed: "Oh, yes, during rush hour, these roads are not allowed for construction vehicles, but trucks with company vehicles are not restricted.

Under normal circumstances, it will not be blocked like this. I guess something happened ahead.

It's just a kilometer or two

Just arrived at the gate of the company, unexpectedly blocked here. "That's not urgent, take your time, I'm in no hurry."

On the contrary, Yang Nian advised the driver not to rush, if the traffic jam is getting flustered, he might as well get out of the car and walk over. After waiting for a while, the car can start, but only slowly.

A minute or two later, the car drove to Xinghai Avenue, and the driver turned left. Sure enough, there were a lot of large vehicles parked on Xinghai Avenue.

"The past six months have really changed here!"

Through the left window of the car, Yang Nian saw that the Xinghai Homestead was under construction, and she probably counted it. It was one or two hundred high-rise buildings built for ordinary employees.

But half a year ago, there were not so many high-rise buildings there, only dozens of them.

Near the high-rise is the villa complex, but unfortunately she can't see what's going on inside while sitting in the car. The boss had mentioned to her that she would leave a villa for her family, and reminded her not to buy another property nearby.

Two years ago, she bought a villa in City H, and it has just been renovated. Now it seems that the new villa she bought may not be used anymore.

"Yes, it will be amazing when the east side of the company is fully developed.

Baosteel in Shencheng, a company is a city, and our company will also be a city, or even a district. The driver sighed, it is an honor to work in Xinghai Group.

Yang Nian nodded. The boss had mentioned to her that the east of the headquarters base had been assigned to Xinghai Group for development, with an area of ​​about 50,000 mu.

Xinghai Group may not be able to develop the 50,000 mu within ten years, but the local government has reserved it for Xinghai Group.

In their view, the Xinghai Group has been established for five or six years, and has expropriated 20,000 to 30,000 mu of land. This does not include rocket launch bases and smart cities. The Xinghai Group is currently in a high-development stage, so the 50,000 mu is nothing.

Last year, Xinghai Group contributed nearly 500 billion yuan to the GDP of H City, which affected at least 550 billion yuan.

This year, with the huge sales of Hummer EV02 and chips, Xinghai Group's revenue has reached a new level.

Judging from the revenue in the first half of the year, Hummer EV02 has conducted two pre-sale activities at home and abroad. A total of 200,000 units of Hummer EV02 have been pre-sold in China, and about 130,000 Hummer EV02s have been delivered so far. It is estimated that sales this year will reach 250,000 units.

The Hummer EV02 became popular, and the Hummer EV was somewhat affected, and the year-on-year sales were just a little lower. In addition, mobile phone chips and automotive chips are also selling well, the supply is in short supply, and the production capacity cannot keep up. Therefore, Xinghai Group's domestic revenue this year is really expected to exceed one trillion yuan.

If this is the case, the GDP of City H is close to that of BJ and Shanghai, and it is expected to surpass these two cities in the future and jump to the top position.

Xinghai Group has changed the GDP ranking pattern of domestic cities by itself. In the past few years, no one would have imagined that a single company would have such a great influence.

In 2015, it is estimated that the national GDP will reach 68 trillion yuan, and Xinghai Group can reach 1.3%, which is too large.

In detail, the Xinghai Group occupies many high-tech industries, and it was snatched from international giants, so it is reasonable to say.

The top five of the world's top 500 companies have revenues of US$400-500 billion, which is equivalent to about three to four trillion yuan. Compared with this, Xinghai Group's more than one trillion yuan is not an exaggeration.

When it was almost two o'clock in the afternoon, Yang Nian came to Xinghai Building.

She waited in the lounge for more than ten minutes, and when it was almost time for the appointment, she went to see the boss.

Muyang's office is very spacious, and there are many green plants in the room. Every space is full of greenery, and there are three arowanas, which were raised a few years ago.

There are also several large bookshelves in the room, on which are placed professional materials he has read. On the walls, there are several famous ink paintings and oil paintings, which add a lot of book fragrance to the whole room.

His office is more like a library.

People who have been to his office feel that this is the background of high-level people, rather than using money to pile up luxurious decorations.

Yang Nian likes this kind of office, which can make people relaxed, happy and quiet, so her office is also made like this.

Seeing Yang Nian coming, Mu Yang asked her to sit down first, and let the secret

The book poured her tea. "Come here from Shenzhen, it's hard work."

"Boss, don't worry, the conditions are so good now."

"Well, I'm back, stay at home for a few more days with my family."

The two were polite, Yang Nian drank tea, took out the documents from the document bag, gave a copy to the boss, and reported to him about Xinghai Bank and the investment company.

If the two companies use a large amount of funds, Mu Yang still needs to sign in person to take effect. After listening to her report, Mu Yang started to sign the documents, and asked if he had any questions.

Thinking of what happened in the next few years, I suggested: "You can invest more in listed biopharmaceutical companies."

He didn't know which company's stock would be popular, and he didn't say anything about the next few years.

Muyang will enter the field of biomedicine, mainly researching and developing life-prolonging medicines, one for interstellar travel, and the other for family members, not for making money.

In addition, interstellar travel and space travel may encounter some special conditions, such as human weakness after severe hypoxic shock, muscle atrophy under long-term gravity, etc. If there are medicines that can solve these problems in the human body, that would be even better.

He is not proficient in biomedical knowledge now, and if he can't open the phone to learn, he won't be able to learn it. After a while, Mu Yang and Yang Nian talked about the listing of Xinghai New Energy Technology Company.

Mu Yang was a little concerned and asked, "What is the current valuation of the energy company?"

Yang Nian respectfully replied: "After confirming financial income and profits, and sorting out the financial and liquidity of its subsidiaries, the current pre-listing valuation is 1.5 trillion yuan, and the PE is 15."

Hearing this valuation, Mu Yang felt that it was much more than he imagined.

Xinghai New Energy Technology Co., Ltd. was established in 2012. It raised money once in the middle, and its valuation reached 200 billion yuan after the financing.

In the past three years, it has developed rapidly and its profits have been rising steadily.

There is a lithium battery factory in Yangfu District, and other lithium battery factories are mainly distributed in Ningde City.

At present, this company occupies more than 70% of the global new energy vehicle ternary lithium battery market, and has bought a lot of lithium battery raw material resources such as lithium ore and cobalt ore around the world.

The money from the financing and listing is still used to continue to buy mines.

Last year, Xinghai New Energy Technology Co., Ltd. had a revenue of 225 billion yuan, thanks to the horribly high profits of ternary lithium batteries. Although other projects have failed, its net profit has also reached a horrific 100 billion yuan.

In the past two or three years, no dividends have been paid. The company's actual net assets are close to 300 billion yuan, of which current assets account for the majority.

Among them, this company also has several subsidiaries, which have invested a large amount of fixed assets, and the cross-holding relationship is relatively complicated.

It took a year to sort out the financial work before the listing. Since the beginning of the year, it has been reviewed twice. If the financial work is not clear, otherwise it will not be able to pass the listing audit.

To be listed, the financial statements must be made public.

After some thought, Mu Yang ordered: "I don't have any problem with this valuation, I can proceed to the next step."

A wine seller can have a market value of two to three trillion yuan, while a top high-tech company still monopolizes the world's ternary lithium batteries and related resources. Its revenue and net profit are much higher than it, and its net assets are also much higher. , a valuation of 1.5 trillion yuan is nothing.

Yang Nian said: "Okay, the financial statements have been audited by an accounting firm with qualifications for auditing the listing business, and an unqualified audit report has been issued.

Boss, if you think there is no problem, after signing and authorizing, we will start the regular fundraising, submit the prospectus and related documents to the exchange, and strive to be listed before New Year's Day. "

"You can figure it out, you are an expert, how much is the total planned share capital?" Mu Yang didn't pay much attention.

Yang Nian said: "Boss, we plan to raise 375 billion yuan, with a planned total share capital of 100 billion shares and a planned issue price of 18.75 yuan.

But the final issue price depends on the subsequent subscription situation. If the subscription exceeds too much, we will consider raising the final issue price.

Of course, if the final issue price has been raised, some investment institutions may give up subscription. "

For Mu Yang, it doesn't matter if the company's valuation is close to the final issue price. As long as the company operates well, the stock will keep rising, and the stocks he owns will be more valuable.

The stocks listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange are 100 shares per lot, and the price per share should not be too high, otherwise it will not be conducive to stock trading.

For example, Xinghai New Energy Technology Co., Ltd., if the planned total share capital is 10 billion shares, the issue price per share is 187.5 yuan, and each lot is 18,750 yuan. Many shareholders can't even afford one lot. If the stock soars, they can't afford it. .

The financing ratio is 20%, which Mu Yang explained to Yang Nian before, and he intends to hold shares in this company for a long time.

Mu Yang intends to hold the shares of this company for a long time. He currently holds 79% of the shares. If he raises 20% of the shares, his shares will be diluted to 63.2%. This does not include giving part of the shares to the employees of Xinghai New Energy Technology Company And the part of Xinghai Group employees.

Since the shares of Zeng Qun and other three partners were not diluted before the listing, they could get another part of the shares, plus the original 1%, for a total of 2% of the shares.

In addition to these three people, a 1% reward was also given to the management and employees of Xinghai New Energy Technology Company. This part of the 2% shares was split from Muyang and other shareholders.

In addition, the 1% of the shares awarded to Xinghai Group employees has nothing to do with other shareholders and must be deducted from Mu Yang's shares.

Therefore, the actual share of Muyang is 76.4%, which has been diluted to 61.12% after listing and financing (=76.4%*(1-20%)).

If the listing is successful, even if the ticket price does not rise or fall, Muyang's shares will be worth 61.12%*18750=76.4%*15000=1.146 billion yuan.

In other words, the total value of his shares has not increased by a penny.

Although 375 billion yuan was raised, this is the company's money, not Mu Yang's personal.

A few years ago, Mu Yang only invested tens of billions of yuan, but now it has skyrocketed to more than one trillion yuan, although this is only a valuation.

Those investment institutions have also made a lot of money. UU Reading www.uukanshu.com has increased by more than seven times in three years.

During this period, these investment institutions are very eager for the company to be listed successfully and assist in promoting the listing.

Xinghai New Energy Technology Co., Ltd. has clear and compliant finances and sound management systems. In the past three years, the company has been profitable. A major stock listing is conducive to the active stock market. The above also supports Xinghai New Energy Technology Co., Ltd. to go public in China, and the listing application has been approved Approval is no problem.

If it were an ordinary company, they would have to line up and encounter various obstacles.

"Mr. Yang, let's leave this matter as it is. Just report to me if there is any major progress." Mu Yang said, the two have worked together for so many years, and he trusts Yang Nian.

However, Mu Yang still observed her loyalty, and it still reached 90+, so there is nothing to worry about.

Yang Nian nodded, and ended today's report work. Next, the final issue price of Xinghai New Energy Technology Company depends on the subscription situation of various investment institutions.

Hope it goes well.