National Technology Sprint gem ZTE or dozens of times times the return on investment

Reporter Wei Mengjie 0 editor Quanzeyuan has just been hyped mobile phone payment concept plate is expected to add "recruits." will be on March 26 gem will be the National Technology AG for the domestic security chip and communication chip production vanguard.　　If successful, ZTE, the company's second-largest shareholder, will reap dozens of times times the return on investment. National technology this time to issue 27.2 million shares in circulation, issued after the total share capital of 108.8 million shares.　　The company intends to raise the proceeds of the 153 million yuan to secure mobile payment chips and solutions of research and development and industrialization projects, the amount of funds close to the total amount of funds invested in half. Company belongs to the industry for integrated circuit design industry, the main business involved in security chip and communication chip two segments of the industry. Among them, the security chip for the company's leading business. 2009, the company's security chip products revenue reached 373 million yuan, accounting for the company's 80.02%.　　According to the introduction, the company's security chip products are mainly USB security chips, security storage chips, trusted computing chips and mobile payment chip and the overall solution. USB security chip Company in the development of fast, China's top ten USB manufacturers are basically the company's stable customers.　　The company said that the company USB security chip market share of more than 70%, sales target basic coverage of the main market customers, communications chip industry customer concentration, the company's shareholders ZTE is one of the most important communications equipment manufacturers. The current hot mobile payment will also be the company's flagship product. National Technology said that the current domestic mobile payment chip market is mainly reflected in the company and foreign manufacturers (mainly in Germany Infineon) competition pattern. Because the national technology to the mobile payment chip overall solution to participate in the competition, has the leading technology and the first sends the market the double advantage. The company's research and development based on UHF segment (2.4GHZ) Rfid-sim mobile Phone payment overall solution for the original innovation, only need to replace the SIM card without replacing the mobile phone can be realized offline payment.　　In addition, Rfid-sim technology and products are independent intellectual property rights of the original innovation, to reach the international leading level. Overview of the company's prospectus in the Interpretation Section, the domestic electronic information category leading manufacturers abound, they or the company's affiliated units or with the company has business dealings. From the pedigree point of view, the company holding shareholder for China, the actual control of the Chinese electronics, ZTE and Hong Kong-Shenzhen Research and research for the company's shareholders. From the operating point of view, the company has with Beijing, flying Integrity, daming Wuzhou and other domestic mainstream manufacturers to establish a long-term and stable cooperative relations. and TSMC, June Yao Electronics, long Electric technology is the company's suppliers.　　In addition, the company said that China Mobile has signed the "Rfid-sim Card module cooperation framework Agreement." During the reporting period, the company's efficiency continued to grow rapidly. Nearly three years, the company's comprehensive gross profit margin of 28.9%, 38.68% and 43.95% respectively. 2008, 2009, the company's net profit year-on-year growth of 77.49% and 384.83% respectively. In 2009, net profit of 116.9 million yuan, according to the total share capital after the issuance of 108.8 million shares, 2009 basic earnings per share amounted to 1.07 yuan, if the 60 times-fold P/e ratio, the price can reach 60 yuan. As the company's second largest shareholder ZTE Holdings 21.76 million shares, accounting for the total share capital after 20%, its holding cost of 1 yuan per share. If national technology can successfully IPO, ZTE will receive 60 times times investment return.