POS Machine First new capital Guotai Wang Wei or profit 40 million

Financial Weekly reporter/Well known before autumn Guotai Asset Management general manager Wang Wei or profit 40 million, deep development, the broad distribution backbone also shares the POS machine manufacturers will be listed.　　August 23, the SFC website Bulletin shows that Shenzhen Technology Co., Ltd. (hereinafter referred to as "the new capital") will be on August 27, 2010 to accept the Gem Board audit.　　Pre-disclosure materials show that the Shenzhen new capital technology to the financial POS terminal hardware and software design and development as the core, engaged in POS terminal production, sales and leasing, and as a basis for the provision of bank card electronic payment technology services.　　This time, if the new countries can be successfully listed will be staged a deep development branch of the president of the rich and wealthy drama.　　At the same time, the new capital 2009 two equity transfer as the recipient of the emergence of natural shareholders are also a great deal, including the governor of Guangdong Development Bank branch, the original June ' an securities headquarters general manager. Deep-venture investment in 2 million shares of public information revealed that the new countries formerly known as Shenzhen Technology Co.　　April 8, 2008, approved by the Shareholders ' committee, the new Capital limited overall change set up as a joint-stock company, at that time, with 40 million yuan registered, legal representative for Xiang Liu Xiang. June 2, 2008, the new countries ushered in the first round of the company to increase capital shares, the total shares of the company also from 40 million shares to 47.5 million shares.　　Priced at 6.67 yuan/share. In this round of capital increase and expansion, Shenzhen Innovation Investment Group Co., Ltd., Shenzhen Futian Innovation Capital Investment Co., Ltd. for new shareholders, a total of 2 million shares in the new countries.　　Among them, Shen Chong cast for the Futian capital holding shareholder, holding 52% of the capital of Futian. Public data show that deep venture investment is to invest in High-tech enterprises for the main business of professional venture investment company, founded in August 1999, registered capital of 1.868 billion yuan.　　The state-owned Assets Supervision administration of Shenzhen Municipal government holds a 37.75% stake in deep investment and is a relative controlling shareholder.　　Compared with the shares of three natural shareholders, the new countries were more concerned about the origin of the three natural shareholders of the transferee in 2009 when they were transferred two times.　　June 2009 when the company's first shareholder transfer of equity, before the new capital increase in the Shenzhen Mayor Run Venture Capital Enterprise (limited Partnership) and natural person Wang Wei signed an Equity transfer agreement, will be held by the transfer of 1 million shares to Wang Wei, the transfer price of 6.67 million yuan.　　Public data show that the Shenzhen mayor run Venture Capital Enterprise (limited Partnership) registered 26.7 million yuan, the implementation of partnership business partner is Wang Wei, the remaining partners are Shenzhen Mayor Run Investment Management Co., Ltd., Chen Lingyun, Rocodong. Reporter investigation found that Shenzhen long run Asset Management Co., Ltd. is mainly engaged in investment management, investment consulting, information consulting and other business.　　The company chairman and general manager are Wang Wei. Wang Wei personal resume shows that he graduated from Beijing University, China's first generation of professional asset management, has served as June ' an Securities Co., Ltd. SelfGeneral manager of Headquarter, general manager of Asset Management headquarters of Guotai Securities Co., Ltd., chief economist of Soochow Securities Limited. See the new capital 2009 second equity transfer.　　September 27, 2009, the new capital increased when the Beijing Initiative Construction Co., Ltd. was listed through the Beijing property Exchange, will be held by the 1.2 million shares of its shares to the Feng, Zhong, Xie Jianrong, Huang Jianseng, Ouyangwei strong Wufang, transfer price of 9 million yuan.　　It is noteworthy that Huang Jianseng, Ouyangwei strong two natural shareholders are subject to the company shares 200,000 shares, the transfer price of 7.5 yuan per share. Pre-disclosure materials show that Huang Jianseng, born in 1972. From 2005 to 2007, he was president of Shenzhen Development Bank's Nantou City sub-branch.　　2007 to date, Shenzhen Development Bank, South Head branch of the company business manager. Ouyangwei Strong, born in 1963.　　2003 to present, Jingung Bank Dongguan County Branch vice president. As to why the two-branch governors were able to settle in as natural shareholders on the eve of the company's listing, the new capitals did not mention the prospectus.　　The company only said: The company mentioned above the new natural shareholders and their associated party with the company's customers, outsourcing manufacturers, suppliers, financing banks and so there is no correlation, there is no interest in the delivery situation.　　If the new countries can pass the August 27 Board of Directors Audit, the 3 natural shareholders will also achieve a substantial capital appreciation. Based on the current average price-earnings ratio of the gem 65 times times, if successful, the new capital will be about 45.8 yuan/share.　　Under this assumption, after deducting the shareholding cost Wang Wei will realize the book profit 39.13 million Yuan, Huang Jianseng, Ouyangwei strong two branch long all will realize the book profit 7.66 million Yuan.　　Gross margin higher than the same industry natural shareholders have their own, the company's performance is better than other companies in the same industry. Pre-disclosure materials show that from 2007 to 2009, the new countries realized gross margin of 43.87 million yuan, 61.37 million yuan and 81.94 million yuan respectively.　　The three-year gross margin is 67.19%, 56.88% and 58.64% respectively. Look again with the new countries with the same industry listed companies gross profit.　　Pre-disclosure materials show that from 2007 to 2009, Radio and Television Express (002152), Royal Bank shares (002177), electronic (002197), Gaoyang Technology (00818) average gross profit margin of 49.57%, 48.47% and 41.39%. It must be pointed out that the tax concessions enjoyed by the new countries are one of the reasons why the company is 10% higher than the net profit of the same industry. Between 2007 and 2009, the total profit of the tax was 15.33%, 19.71% and 39.19% respectively.　　Excluding tax concessions, the new capital gross profit will return to the overall level of the industry.　　From the main business income, the new countries POS sales revenue and rental income for the new capital main business income constitute. Pre-disclosure materials show POS sales revenue aspect, from 2007 to 2009, the new countries realized 43.7025 million yuan, 95.755 million yuan and 127 million yuan respectively.　　POS rental revenue, the above three years of the new countries to achieve 19.885 million yuan, 11.2158 million yuan and 9.1109 million yuan respectively. At the same time, there is a risk of relying on big clients in the new countries. Pre-disclosure materials show that UnionPay business and the Guangzhou UnionPay payment are the company's main customers, from 2007 to 2009, the company's sales revenue for the above accounts accounted for 89.96%, 76.78% and 47.78% of operating income respectively.