Peng, president of the Network and host technology: Gem P/E is generally high

Every reporter Shaoxiaofen from Shanghai's first batch of 28 gem companies will be in today's centralized listing transactions, Internet technology as the first batch of listed companies are also waiting for the arrival of the last moment.　　Last week, in an office that was not spacious on the 15 floor of the heroic building in Shanghai's oblique dirt road, the staff of the network and the technology are calm and busy, and there seems to be no sign or signs of impending listing in the office area, nor can it be linked to the myth of the creation of a 11-rich man who is about to be born.　　Entrepreneurship: The current chairman of the rescue crisis in January 2000, Chen Baojin and a partner named Zhou Aijun in Shanghai set up a network of technology predecessor-Shanghai Network Technology Development Co., Ltd., become the early development of IDC (Internet Data Center) business one of the companies, mainly provide server hosting and Internet access services. At the beginning of the establishment, with the rapid development of domestic internet business, network technology business is thriving. However, into the 2001, the Internet industry bubble burst, the entire industry is facing a crisis, Internet technology business has also been hit, the company was once in trouble. At critical moments, the incumbent chairman, Liu Chengyan, joined the company as chief operating officer.　　Previously Liu Chengyan in China million net as COO (Chief Operating officer). "When companies are most at risk, cash flows are largely depleted, including Liu Chengyan and other shareholders who can only take money out of their passbook to pay their employees." "It is introduced. Because Liu Chengyan "has the ability to deal with the crisis, cost control is very skilled, very familiar with the industry," he entered the network technology, a series of cost control, personnel, marketing strategy adjustment, so that the enterprise survived.　　2003, the Net-bed technology performance began to improve, gradually profitable. "This is a very important node in Internet technology, when tens of thousands of web companies have closed down, and it's not easy to survive," he said.　　Peng, the chief executive of the Network and technology, evaluates that history. Transition: From the IDC Red Sea after the crisis, the entire industry reshuffle finished, business conditions stabilized.　　However, with the increasingly fierce competition in the domestic IDC business, the management of Internet technology, which started with IDC, realizes the importance of technological innovation, especially when facing the crisis. The rapid growth of a CDN (Content distribution accelerator) service company called Akamai, which occupies more than 80% per cent of the US, has inspired internet technology. The addition of Hongke from Silicon Valley in the United States has brought new information and technology to the Internet. Internet Technology management believes that China's Akamai, which may be a new way of internet technology can go.　　Hongke, vice president of technology, the United States reached the Internet company, the U.S. Vice-President of Pan-Asia telecommunications technology, has more than 10 years experience in the Internet industry, 2004 joined the company as chief technology officer, the current vice chairman, vice President, chief technology officer. Starting in 2005, a research and development team of 7, 8 people began, the network technology invested heavily in CDN Business Research and development.　　The second year, the network host technology launched CDN Platform Software V1.0, formally entered the CDN Service market, and established a research and development base in Xiamen. "Because IDC is a relatively mature industry, growth space, gross profit is relatively small, and the rapid development of CDN on the company's profit has a great improvement, CDN's development has been our focus of attention." "Peng said.　　According to statistics, 2008 IDC average gross profit margin in 23%, and Cdn's market gross margin of about 40%.　　At present, the main business of the network host technology for the Internet Business Platform Integrated Services, subdivided products for the IDC service and CDN Services, respectively, 6.84% and 23.8% of the market share occupy the domestic market first and second. Financing: Get two investment before listing at the end of 2006, due to the needs of new business development, the lack of funds of the network technology urgently need to finance. At this time, Liu Chengyan found once and he worked in million nets, after joining the PE industry peng. Peng has been a senior investment manager of China Broadband Industry Investment fund, and is familiar with the telecom industry.　　In the warm invitation of Liu Chengyan, in March 2007, Peng officially joined the Net-bed technology. As President of the Peng to the Internet technology set 3 years of 3 goals: first, the annual revenue by 50% speed growth; second, within 3 years IPO, plan to be listed in domestic SME; third, standardize management, establish modern enterprise management system.　　As the PE industry is more familiar with, financing has become one of the main work of Peng, mainly located in RMB funds. "Now look back, 3 goals are basically achieved, revenue has reached, the IPO is waiting for next week bell, the modern enterprise management system is gradually improved."　　"Last weekend, Peng in an interview with the Daily Economic news," he said. Before the IPO financing, the net-bed technology has received two each 40 million yuan venture capital. With the Peng of PE industry, the first round of financing was soon finalised in May 2007. The first venture is invested by the Shenzhen innovation, Fortune and cast, and the second is by Fortune venture to lead the United Beijing Tak Cheng shengjing, Shenzhen Chuang Oriental and other institutions completed. "The main purpose of the second round of financing is actually to fund the financial crisis, hoping to get through it safely."　　Peng admits.　　Wealth-making: admitting that the gem has a high price-to-earnings ratio, the IPO's high P/E issue sparked widespread concern in the market. "I personally feel that the gem of the IPO is generally high," Peng admits, the biggest feeling of the Internet technology listing is that the high P/E exceeded previous expectations, he had expected a P/e ratio of 45 times times ~50 Times, priced at 18 yuan, 19 yuan. "We are pleased that the company has been recognised by the agency and the market," he said. Because companies can raise more money and move to higher platforms, they feel pressured. Market expectations are high, now a long journey, how to let investors get good returns, we have to do good business.However, for high P/E, there are also insiders pointed out that the gem enterprises if the traditional method may not be valued, the key to see the future growth space and core competencies. The Internet technology public offering 23 million shares to the issue price of 24 yuan, Chen Baojin assets will reach 570 million, Liu Chengyan net worth of 350 million; Peng worth more than 60 million. In the interview, Peng on this appears more calm, "I am the company in the gem listing is full of confidence, so not so excited, the future we still need to continue to work hard to do a good job."　　In addition, Chen Baojin and Liu Chengyan also to the company's other 8 core members Haming, Lu Qinghui, Yueqing, He Shenbin, Zhou Liping, Zhang, Huang Sharin, Huang, the transfer of a different proportion of shares, after the successful release, in addition to institutional investors, Internet technology will directly birth 11 rich. Development: To maintain a high speed growth face to the outside world questioned the Internet technology "not bad money listing" and "Circle Money", Peng to the daily economic news reporter said: "In fact, network technology after nearly 10 years of development, to today's company needs to achieve phased growth, this is inseparable from the support of strong funds, This is also the reason why the Internet technology wants to go public. It can be said that the network of science and technology in the past is a hard work, a sound road to development, the future of the company to bigger and stronger, still want to uphold this principle, good use of the funds raised in hand to achieve the company's sustainable and healthy development. Despite the rapid development of CDN, the current IDC business is still the main source of revenue.　　According to Peng revealed that the company's future IDC and CDN will be equally developed, which CDN's revenue share will gradually increase. Some insiders pointed out that the current network business has the trend of self-built CDN, so the core customers are facing the risk of loss.　　In this regard, Peng said that the network business Self-built CDN is not a trend, only some relatively simple such as streaming media site CDN may do its own, the general customer unless they have a very special application needs, they need to build a research and development team to develop the system. According to the disclosure, in research and development, the network of technology in accordance with the trend of technology development, has been in the online games, streaming media playback, wireless internet and IPTV and other aspects of the technical reserves to meet the continuous upgrading of customer service requirements.　　and will expand research and development team, improve the level of research and development, plans in 3 years to add not less than 200 high-quality research and development staff.　　However, Peng admits that although the industry is very optimistic about the future development of the investment project, but it can not rule out a certain risk, including the risk of research and development, the risk of developing the industry, such as games, streaming media industry may be affected by the existence of certain restrictive policies. Peng said he gave the company the next 3 years to set the goal is to continue to maintain 50% of the high-speed growth rate, to do the industry leader, the formation of the Internet Entertainment development platform, visual network video platform, mobile internet platform for the three business platform. Addition, the company has developed plans for overseas expansion.