If it is listed on the main board, Tangren will definitely not be qualified. Even Huayi is not qualified, let alone Tangren. Unless it is listed through a backdoor listing, this road will not be possible.
However, even for the GEM, Tangren is very difficult now. The most important thing is these two:
(1) The net profit in the past two years has been positive, and the cumulative net profit shall not be less than RMB 50 million;
(II) The market value is expected to be no less than 1 billion yuan, the net profit in the past year is positive and the operating income is no less than 100 million yuan.
Operating income is also the income from selling films. It is not really possible to exceed 100 million yuan. The most important thing is that few securities companies dare to value Tangren 100 million yuan.
According to the listing requirements of the GEM, the shares issued by the public reach more than 25% of the company's total shares. Simply put, when doing an IPO, the securities company that underwritten Tangren's original shares must take out at least 2.5 billion yuan of real money to exchange for 25% of Tangren's shares, and then find a way to make money on this basis.
Don’t think that this is easy to do. Under normal circumstances, you must have doubled your income on the day of listing, that is, 2.5 billion will become 500 million, from 1 billion to 2 billion market value, and you can successfully cash out and leave the market. With Tangren’s current size and profitability, it is almost a dream.
Among all the TV series that Tangren invested in this year, the one that is already sold is Xian San filmed in summer. It was broadcast during the Spring Festival. After busyness, it has only sold more than 50 million yuan for the first broadcast. The second and third rounds have to wait for the first round to watch the ratings and popularity. If the ratings are good, the popularity is very high, the price of the second round will naturally not be bad, and the third round will also rise with the rise.
But it is expected that it will be difficult to surpass Xianyi. When Liu Yifei was called Xianyi, Liu Yifei alone could directly bring the premiere price and ratings of this drama. Although Xian San also has Hu Ge, Yang Mi's current anti-show ability is really average, and others are even worse.
So with some insider information obtained by Ye Yu, the first broadcast price of Xian San is actually not as high as Xian Yi. Xian Yi sold 60 million at that time, which was almost 2 million per episode. Because of its high ratings and popularity and high replay rate, it ultimately brought 1.5 billion yuan to Tangren.
Xianyi is the most profitable drama since the founding of the Tang people. It can be said that it led the Tang people away directly, but such a magical drama has only revenue of 1.5 billion yuan, and the actual profit is less than 50 million yuan. At present, Xiansan is probably only about 100 million yuan in revenue, and the profit is difficult to exceed 25 million yuan.
Moreover, the second and third rounds of TV series have a long period of payment. Domestic TV stations are all state-owned, and those who have dealt with the payment efficiency of state-owned enterprises understand. It is said that there are still many regional TV stations in Xianyi that have not received the final payment, and they may not even be able to obtain it, so the actual performance is far from enough.
As for the financial resources of Cai Yinong and Li Guoli, they cannot change this situation. Sometimes they are not lucky. When they encounter a drama that is blocked from being tried, they are always suppressed and cannot be broadcast. If they don’t mention the catastrophe, they will definitely be seriously damaged. They will not be able to recover from it in two or three years. Isn’t this the problem between Zhou Yi and Rong Xinda now?
So Ye Yu’s 300 million can be said to be a life-saving money. If you have it, as long as the new drama is not too successful, one or two can be sold out accurately, it is definitely enough for listing requirements. So the couple is now thinking about listing again and are also using listing IPO to fool Ye Yu’s investment.
Since it is a film and television company, its turnover is naturally mainly based on drama sales. The first broadcast of a drama may be only 30 to 50 million, but what about two dramas, three dramas, and five dramas?
As long as there are enough episodes, revenue is not difficult. Huayi used this trick to successfully pass the level and be rich, and revenue is really not a problem.
As for the two consecutive years of profits, with a cumulative profit of more than 50 million, this is not difficult. Last year, it was a positive number. Now that the money is obtained, BBQ and the two or three subsequent dramas, as well as the previous cash collection, it is not difficult to make a big profit, and it is not difficult to achieve without losses. Therefore, the IPO will be launched as soon as early as early as 2010. If you are lucky, you will have the opportunity to go public successfully in the second half of 2010.
At that time, Ye Yu does not want to reduce his shareholding ratio, so he will compensate other shareholders for losses at a premium of 30% at the price of the IPO. At the same time, the other 25% of the shares he has is the third batch, which is the last batch of unblocking.
According to the rules of the unblocking of the stock market in my country, newly listed companies can only trade the circulating shares issued by IPO on the day of listing. The major shareholders of the company cannot be unblocked. Simply put, before the first batch of unblocked stocks were listed and traded, the rise and fall of the stock price actually had nothing to do with the listed company. The ones who can really enjoy the relevant dividends are shareholders and securities companies.
The first batch of unblocked shares will be about 15% three months after listing. At this time, major shareholders who hold a large number of original shares can conduct transactions and cash out, and Ye Yu will account for one-third of the unblocked shares at that time.
The second batch of unblocked stocks was about 20% to 25% after listing one year after listing. This batch of unblocked stocks had nothing to do with Ye Yu. The remaining 25% of his shares were in the third batch of unblocked stocks, that is, the remaining 35% to 40% of the shares after listing three years.
In other words, if the Tang people did not develop well later, Cai Yinong and Li Guoli would have been gone for a long time, and Ye Yu would have become the last buyer. The risks behind this are only understood by anyone who understands some rules of the game in the financial market.
Ye Yu naturally understood and immediately protested. Although he had no intention of selling it, he could not be cheated like this. Many film and television companies went bankrupt and could not continue to operate. He firmly disagrees with digging holes in these details.
When Ye Yu told these details and risks in front of Liu Shishi, Liu Shishi also felt that Sister Cai and the others were too much. Isn’t this bullying honest people?
It's really bad.
No wonder Brother Yu made him more careful in the future. Before he invested in the stock market, he had already made these wishful thinkings. It was indeed unreliable.
However, even for the GEM, Tangren is very difficult now. The most important thing is these two:
(1) The net profit in the past two years has been positive, and the cumulative net profit shall not be less than RMB 50 million;
(II) The market value is expected to be no less than 1 billion yuan, the net profit in the past year is positive and the operating income is no less than 100 million yuan.
Operating income is also the income from selling films. It is not really possible to exceed 100 million yuan. The most important thing is that few securities companies dare to value Tangren 100 million yuan.
According to the listing requirements of the GEM, the shares issued by the public reach more than 25% of the company's total shares. Simply put, when doing an IPO, the securities company that underwritten Tangren's original shares must take out at least 2.5 billion yuan of real money to exchange for 25% of Tangren's shares, and then find a way to make money on this basis.
Don’t think that this is easy to do. Under normal circumstances, you must have doubled your income on the day of listing, that is, 2.5 billion will become 500 million, from 1 billion to 2 billion market value, and you can successfully cash out and leave the market. With Tangren’s current size and profitability, it is almost a dream.
Among all the TV series that Tangren invested in this year, the one that is already sold is Xian San filmed in summer. It was broadcast during the Spring Festival. After busyness, it has only sold more than 50 million yuan for the first broadcast. The second and third rounds have to wait for the first round to watch the ratings and popularity. If the ratings are good, the popularity is very high, the price of the second round will naturally not be bad, and the third round will also rise with the rise.
But it is expected that it will be difficult to surpass Xianyi. When Liu Yifei was called Xianyi, Liu Yifei alone could directly bring the premiere price and ratings of this drama. Although Xian San also has Hu Ge, Yang Mi's current anti-show ability is really average, and others are even worse.
So with some insider information obtained by Ye Yu, the first broadcast price of Xian San is actually not as high as Xian Yi. Xian Yi sold 60 million at that time, which was almost 2 million per episode. Because of its high ratings and popularity and high replay rate, it ultimately brought 1.5 billion yuan to Tangren.
Xianyi is the most profitable drama since the founding of the Tang people. It can be said that it led the Tang people away directly, but such a magical drama has only revenue of 1.5 billion yuan, and the actual profit is less than 50 million yuan. At present, Xiansan is probably only about 100 million yuan in revenue, and the profit is difficult to exceed 25 million yuan.
Moreover, the second and third rounds of TV series have a long period of payment. Domestic TV stations are all state-owned, and those who have dealt with the payment efficiency of state-owned enterprises understand. It is said that there are still many regional TV stations in Xianyi that have not received the final payment, and they may not even be able to obtain it, so the actual performance is far from enough.
As for the financial resources of Cai Yinong and Li Guoli, they cannot change this situation. Sometimes they are not lucky. When they encounter a drama that is blocked from being tried, they are always suppressed and cannot be broadcast. If they don’t mention the catastrophe, they will definitely be seriously damaged. They will not be able to recover from it in two or three years. Isn’t this the problem between Zhou Yi and Rong Xinda now?
So Ye Yu’s 300 million can be said to be a life-saving money. If you have it, as long as the new drama is not too successful, one or two can be sold out accurately, it is definitely enough for listing requirements. So the couple is now thinking about listing again and are also using listing IPO to fool Ye Yu’s investment.
Since it is a film and television company, its turnover is naturally mainly based on drama sales. The first broadcast of a drama may be only 30 to 50 million, but what about two dramas, three dramas, and five dramas?
As long as there are enough episodes, revenue is not difficult. Huayi used this trick to successfully pass the level and be rich, and revenue is really not a problem.
As for the two consecutive years of profits, with a cumulative profit of more than 50 million, this is not difficult. Last year, it was a positive number. Now that the money is obtained, BBQ and the two or three subsequent dramas, as well as the previous cash collection, it is not difficult to make a big profit, and it is not difficult to achieve without losses. Therefore, the IPO will be launched as soon as early as early as 2010. If you are lucky, you will have the opportunity to go public successfully in the second half of 2010.
At that time, Ye Yu does not want to reduce his shareholding ratio, so he will compensate other shareholders for losses at a premium of 30% at the price of the IPO. At the same time, the other 25% of the shares he has is the third batch, which is the last batch of unblocking.
According to the rules of the unblocking of the stock market in my country, newly listed companies can only trade the circulating shares issued by IPO on the day of listing. The major shareholders of the company cannot be unblocked. Simply put, before the first batch of unblocked stocks were listed and traded, the rise and fall of the stock price actually had nothing to do with the listed company. The ones who can really enjoy the relevant dividends are shareholders and securities companies.
The first batch of unblocked shares will be about 15% three months after listing. At this time, major shareholders who hold a large number of original shares can conduct transactions and cash out, and Ye Yu will account for one-third of the unblocked shares at that time.
The second batch of unblocked stocks was about 20% to 25% after listing one year after listing. This batch of unblocked stocks had nothing to do with Ye Yu. The remaining 25% of his shares were in the third batch of unblocked stocks, that is, the remaining 35% to 40% of the shares after listing three years.
In other words, if the Tang people did not develop well later, Cai Yinong and Li Guoli would have been gone for a long time, and Ye Yu would have become the last buyer. The risks behind this are only understood by anyone who understands some rules of the game in the financial market.
Ye Yu naturally understood and immediately protested. Although he had no intention of selling it, he could not be cheated like this. Many film and television companies went bankrupt and could not continue to operate. He firmly disagrees with digging holes in these details.
When Ye Yu told these details and risks in front of Liu Shishi, Liu Shishi also felt that Sister Cai and the others were too much. Isn’t this bullying honest people?
It's really bad.
No wonder Brother Yu made him more careful in the future. Before he invested in the stock market, he had already made these wishful thinkings. It was indeed unreliable.
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