New Web news material to make rich myth 3 natural person shares 2 year income 6 times times

Three natural persons to buy shares of more than 2 years of income nearly 6 times times Chen Jing ze Network News New Materials Technology Co., Ltd. (hereinafter referred to as "Network News") recently issued a prospectus, to open the issue of 20 million shares.　　The IPO application for the new materials will be audited by the SFC's issuing committee tomorrow. More than 2 years of revenue from the stock of nearly 6 times times the new materials industry for the optical communications industry in the subdivision of the industry, the main business for the steel-plastic composite belt and aluminum-plastic composite belt research and development, production and sales, products are mainly used for communication optical cables. The controlling shareholder and the actual control person are Surying.　　Surying holds a 40% per cent stake in the company before the issue. The public release, the new Web news will be raised funds to two projects.　　Raising the investment project to the postpartum, will make the company's metal plastic composite belt capacity increase of 22700 tons, is expected to produce a new annual sales revenue of 304.011 million yuan, new total profit of 50.042 million yuan. 2009, net News new material net profit is 28.6212 million yuan, earnings per share 0.48 yuan. If in accordance with the average of 40 times times the issue of the distribution of new stocks, the IPO price will reach 19.2 yuan, the total amount of capital raised will reach 384 million yuan, equivalent to twice times the amount of investment in the project, equivalent to 5.45 times times the net worth of each share before the issue.　　If the industry on average 55 times times the issue of P/E, the new products will be the IPO price of 26.4 yuan. The biggest benefit is undoubtedly the original shareholders of the company, especially the new shareholders before the IPO.　　Among them Hangtao, Liu Yongxie, Wang Jiangui at the end of 2007, the 16.2592 million yuan can add at least to 97.5552 million yuan.　　A surprise stake?　　The cost of absorbing the three new shareholders is not very high compared with the high returns that three of people, such as Hangtao, could potentially gain after 2 years. According to the new Web News prospectus, the second half of 2007 began planning listing matters. November 12, 2007, Limited network (the predecessor of the new Web News) held a shareholder meeting, the resolution will increase the registered capital from 18 million to 20.605 million yuan, the increase of 2.605 million yuan registered capital by Hangtao, Sun Jiguang, Liu Yongxie and Wang Jiangui in cash subscription,　　Each new capital is valued at 6.4 yuan, specifically: Hangtao subscription of 2.4065 million Yuan, Sun Jiguang subscription 64,500 yuan, Liu Yongxie subscription 85,000 Yuan, Wang Jiangui subscription 49,000 Yuan.　　Among them, three new shareholders, Hangtao, Liu Yongxie and Wang Jiangui, are the core technicians of Xi ' an Qin Bong, Hangtao as the controlling shareholder of Xi ' an, the actual control person and the Chairman. For the purpose of absorbing three people, such as Hangtao, as new shareholders, network news in the prospectus said that the increase in capital before the limited and Xian Qin Bong has established a long-term cooperative relationship: such as Xi ' an Qin Bong will be "smooth metal shielding composite tape production method" invention patent free of charge to the network for limited use,　　Xi ' an Qin Bong to the network limited sales of some varieties of metal plastic composite belt semi-finished products, limited to Xian Qin Bong sales of some raw materials. 2007, the limited network to open up a strong westNorth, North China market, taking into account the previous and Xi ' an Qin Bong have had a good foundation of cooperation, and Hangtao and other three people have a wealth of metal plastic composite belt industry experience, the network of limited original shareholders and Hangtao and other three people to communicate.　　In the end, Hangtao and other three people are willing to cash in the network to increase access to the limited work, at the same time, the limited network of Xi ' an Qin Bong metal plastic composite belt operating assets to acquire, Xi ' an Qin Bong no longer engaged in with the network of the same or similar business.　　Network news new material said, Xi ' an Qin Bong is one of the earliest engaged in the production of metal plastic composite belt, in XI ' an as the center of the northwest, north China has a high market share, the strength of the company's technical personnel is strong.　　However, with the strength of the strong technical personnel XI ' an Qin Bong in the network of new materials to acquire metal plastic composite belt operating assets, its operating conditions are not ideal. The prospectus disclosed that from 2005 to 2007, Xi ' an Qin Bong sales revenue plummeted from 65.5665 million yuan to 23.7575 million yuan, while net profit loss increased from 1.9188 million to 2.1089 million yuan. Among them, Xi ' an Qin Bong and network news similar products aluminum-plastic composite belt sales revenue from 49.4095 million yuan to 13.6718 million yuan.　　And 2007, the new material aluminum-plastic composite belt sales amount has reached 82.1866 million yuan, Xian Qin Bong The sales revenue of the product is only equivalent to 60% of new Web news.　　According to the evaluation report issued by the evaluation company, as of November 5, 2007, Xi ' an Qin Bong assets evaluation value of 2.9505 million yuan, the net news new materials finally to 3 million yuan to its acquisition. The purchase of 3 million yuan of assets may not be the full cost of the new Web news materials. In fact, the absorption of Hangtao and other three people to become new shareholders, dilution of the interests of the old shareholders is the biggest price to pay the new Web news. Data show that before the increase, the net news new materials registered capital of 18 million yuan, after the increase in funds, the interests of the old shareholders were diluted to 87.4%.