Chapter 567 [Subsidiaries get together to arrange listing]

At the end, Fang Hongyan said succinctly: "What is the situation of the 307 companies that have survived the C-round financing stage when they are subdivided into eight major directions?"

When Tian Jiayi heard his question, he flipped through a few pages of materials, found the corresponding data, and said: "79 companies in the direction of electronic information, 46 companies in the direction of biology and new medicine, 12 companies in the direction of aerospace, 32 companies in the direction of new materials, 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 the 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 self-contained: "Well, it's okay, if there are 10 to 20 companies that become the top of the line, it will be a big 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 of them 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 go public, 200 companies can get there, and 80% of the listed companies in the A-share market are not as good as these 200 companies, because most of the 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 build the "Valuation System with Galaxy Features", which is a strategic long-term plan, and it is necessary to ensure that the underlying assets of the listed companies of Galaxy are high-quality assets.

It is necessary to give a strong logic to support the market value for a long time, and the underlying assets are high-quality assets, which is the fundamental logic to support the market value.

To get a high-quality company to the big A, if a poor company gets it, it is tantamount to smashing the signboard of "Galaxy". Those who buy it without thinking are right.

If there is a big drop, just buy boldly. As long as you follow long-termism and value investment, even if you are chasing high quilts, as long as the time period is prolonged, the high point at that time will also be a staged buying point in the future.

Over time, you can form a listed company of Galaxies. Just buy with your eyes closed. As long as you stick to the value, the stocks of Galaxies will definitely give investors satisfactory returns and make money steadily. The trend is as stable as the US stock index , I can sleep peacefully after buying it, and I don’t even need to watch it several times a year.

To achieve this, the underlying assets of listed companies must naturally be logical and of sufficient quality.

And stockholders can buy with their eyes closed, because these listed companies are all listed companies that Qunxing Capital has helped investors strictly filter out bad companies, and those that can be listed are really good companies.

After a while, Fang Hong ordered: "The three sharing economy projects on Quantum Beat can be planned for listing."

Tian Jiayi nodded and asked, "Where's WeChat?"

Hearing this, Fang Hong said, "Don't worry about this."

Most of the concepts of the sharing economy are in the same place, and there are not many that can really make money. However, the three sharing economy projects under Quantum Dance are the most profitable in this field.

"Ukefang" in the field of shared homestays is benchmarked against the foreign "Airbnb"; "Kyushuxing" in the segmented field of online car-hailing is benchmarked against Uber in Laomei, and "Makerfang" in the shared office field is benchmarked It is wework in North America.

Youkefang, Chuangkefang and Kyushuhang are currently the leaders in their respective industries in China, and there are many followers, but they have been unable to catch up. The Internet industry is like this, and 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: "How much valuation do these three companies give?"

Fang Hong thought about it and said: "Ukefang's valuation should be 5 billion yuan, Makerfang 3.5 billion yuan, and Kyushuhang 4 billion yuan. After the backdoor listing, give me about ten times the valuation. In the future, it will grow similarly. If a company of this type is listed, give me ten times the reward."

At the top ten-fold increase scale, the market value of Youkefang is about 55 billion, the market value of Makerfang is about 38.5 billion, and the market value of Kyushuhang is about 44 billion.

What I have to say is that Fang Hong gave very low initial valuations to the listed companies in the galaxy system, and they must all be underestimated.

On the one hand, this is to give cheap chips to the market makers of Qunxing Capital and capital institutions that do market value management, and to win cakes; on the other hand, it is to give the market the wealth effect of listed companies in the Qunxing system.

As for market value management, the time period is lengthened, and investors look back after many years. Since the listed subsidiary of Goodfellas Galaxy has landed on the big A, the cumulative increase has been tens of times, hundreds of times or even hundreds of times after reinstatement. .

And giving such a low valuation will indeed make some lucky retail investors eat big meat. At present, with dozens of shell resources in the hands of Qunxing Capital, some retail investors have no idea that the stocks they are locked in will be sold at any time in the future. One day the pheasant turns into a phoenix.

At the end, Fang Hong added: "Also, Yixing Media got it for me in the first half of this year. What is the current status of Yixing Media's asset income statement?"

Tian Jiayi recalled for a moment and replied: "The total assets are 147 billion, and the scale of liabilities has reached about 82 billion."

Fang Hong nodded for himself, thought for a moment and then made a decision: "Then the valuation is 60 billion. After landing in the A-shares, it will be maintained at 150 billion, and then it will fluctuate in the market value range of 150 billion to 200 billion. Waiting for the value Growth fills up the bubble and then breaks through."

The arrangement was straightforward, Tian Jiayi stared down at the folder on his lap, and made notes of Fang Hong's decisions one by one.

After a while, Fang Hong said again: "Kunpeng Technology also borrowed a shell to get it in the A-share market. The company's current equity is all in my name, and I directly packaged 4.7 billion packages and handed them over to Qunxing Capital for valuation. Get up to 5.5 billion."

Chu Changxing's Kunpeng Technology found Fang Hong at the angel round financing stage, and raised 10 million funds to sell 45% of the other party's equity. Later, it raised several sums of money one after another. Now it is packaged and sold to Qunxing Capital for 4.7 billion. It's considered a profit, but not much, just about 1 billion.

Because Kunpeng Technology is competing with DJI for "money ability" to fight the war of burning money, it is Fang Hong's personal funds that are used to support Kunpeng Technology.

Dajiang is also feeling very difficult at present, and the capital chain is a little bit overwhelmed.

The current structure of the commercial drone market is that the boss and the second are in the "Rush", 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 The boss and the second child are fighting a price war, resulting in no money at all, unless they can get money, but they can't.

Because the investors are not stupid, if they want to invest, they must invest in the boss or the second child. However, the current situation is that DJI is still stubbornly refusing to accept the introduction of capital. The richest man ranks fifth in the super rich world.

Faced with this situation, the employers who want to give their hand in this field can only stare blankly. They would rather watch the show than invest money in the third, fourth, and fifth, because there is really no hope, and it is almost 99% to invest in it. % chance of being in vain.

Dajiang is really reaching its limit now, and the landlord’s family has no food left, and the few steel coins that have been saved with great difficulty in the past few years are almost gone.

Now there are two roads in front of DJI, one is to surrender to the latecomer Kunpeng Technology, give up the market share and be eaten away by the opponent, and the final fate may gradually decline and close down; the other is Tama De couldn't control so much, so he directly fought with Kunpeng Technology, and after introducing capital and getting money, he continued to spend money on shopping with Kunpeng Technology.

And Qunxing Capital is squatting at the door of DJI. As long as DJI opens its mouth and is willing to accept capital, it will give money with one hand and equity with the other.

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