Real estate website Company "365" yesterday will board the gem

Last night, according to the Securities and Futures Commission website of the Board of Auditors 2011 65th meeting Audit results announcement, Jiangsu 365 Network Co., Ltd. was first approved. This means that the 365 network of the Nanjing people more familiar with the real estate website company, is about to land the gem.　　Have you ever been on its net and will buy its shares in the future?　　Xi will become the second Internet listing of local users of Su-li: Do not be sorry investors! At present, the number of Nanjing and other cities in the province, including the economically developed Suzhou and Wuxi often, the real internet listed companies are very few. The more well-known, in Hong Kong gem listing of the Souffoute, for example, can only be regarded as software companies. Jiangsu's first Internet-listed company is the focus of technology, it operates a business-to-business E-commerce platform in China Manufacturing network.　　Therefore, after the listing of 365, will become the second real sense of the internet listed companies in Jiangsu, and its main involved in the real estate, home, and ordinary consumers are closely related, so whether the investors or real estate consumers, are very concerned about. Reporter yesterday through a 365 network of internal staff to understand that, due to the wind, the internal staff recently very excited, but there is no formal notice in this regard. "We are most concerned about whether we can raise wages, other people do not understand," the employee told reporters, "Our company is still very humane, there are two times a week tea," will give staff hair snacks and so on.　　According to its introduction, usually staff work or around the real estate network services, including new houses, second-hand housing, home, life and so on. Yesterday on Sina Weibo, Nanjing Netizen to it will be applauded: "also is to Jiangsu's internet companies to contend for a bit of face." "Netizen" "Octopus elder brother R" said: "Remember that listing is only the beginning, if sorry investors, you should know the power of interactive users." "To calculate the estimated price of the industry 30-40 yuan or will create three new billionaires yesterday, the Great Wall securities Nanjing Tong Wei Road Sales department deputy general manager, the analyst Evergreen believes that by August 1 this year, 365 in Nanjing and other three cities coverage is relatively high, although the city site is still relatively small, and if the profit model copied to other cities, Growth space is relatively large, this is its advantage.　　The disadvantage is that if the budget of the property company shrinks, it will affect its business. Evergreen Analysis, 365 of this time, according to the amount of fund-raising projects about 200 million, to issue 13.35 million shares, after the issuance of the total share capital 53.35 million shares. According to this calculation, the price of a share of about 18 yuan, according to the prospectus, 2011 1-June net profit of 31.5992 million yuan, even if the whole year net profits of 62 million yuan, divided by the total equity after the issuance of the equivalent of about 1.2 yuan per share, so that the issuance of P/E is about 15 times However, this is only based on the current plan. In his view, the IPO price of the gem will be 30-40 yuan, which is about 30 times times earnings. The specific issue price should be based on the issuance process and the announcement shall prevail. "The SouFun listed in the United States can be used as a reference to 365," said Evergreen, according to public information, SouFun covered 314 cities, covering users more than 30 million.　　The reporter learned that in 2010, the NYSE listed on the SOUFUN, its IPO price-to-earnings ratio of about 15 times times. The reporter through the Prospectus (report) found that 365 of the controlling shareholder and the actual control of Hu Guanghui, Shangwei, Zhang Hailin, Li four people. Directly holding the company 24.67%, 15.2%, 9.23%, 6.51% of the shares, in addition, Hu Guanghui and Shangwei through Netscape investment total indirect holding company 3.42% of the shares. The total of four persons holds 59.03% of the company directly or indirectly.　　For example, the current Chairman and general Manager Hu Guanghui shareholding 9869008 shares, such as the 30 yuan issue, then its net worth of nearly 300 million yuan, Shangwei, Zhang Hailin respectively directly holding 6080111 shares and 3693494 shares, will be equal to 180 million and 110 million yuan respectively. According to shareholder's shareholding, will also create five or six millionaires.　　However, even if listed, these are only paper wealth, according to the four-person pledge, the listing will not transfer the shares within three years. Come on, wake up. The expansion is blocked, the real estate control risk according to the data, at present 365 to operate the network marketing business namely on-line business mainly, in the first half of this year, the line business accounted for the gross income proportion 96.96%.　　Nanjing is the main position, in the first half of 2011, Nanjing Online business revenue accounted for its online business income proportion of 51.54%, if the next 365 in Nanjing outside the line business expansion is blocked, and Nanjing market growth space is limited, which will have a negative impact on the future performance growth. The prospectus also shows that there is still a certain gap between the size of the business and the market share compared to SouFun and other real estate sites.　　January 2010-December 2010 Average daily user coverage in the National Real Estate professional website ranked fifth. And the current real estate regulation on the 365 performance will have an impact? This is the most concern of shareholders.　　The reporter noted that the prospectus said that up to now has withdrawn from the new house agent business and second-hand housing agency business, focus on services in the downstream real estate and home industry, providing industry information, product information search and inquiries and other free services. For the downstream real estate industry macro-control brings business risks, the data explained: China's real estate market in 2004, 2006, 2008, 2010 and 2011, the first half of the impact of the national macro-economic regulation, real estate network advertising costs have remained high growth, But if the state of the downstream real estate industry macro-control of the following two kinds of extreme results, may have adverse effects on its operating performance, one is the state macro-control too loose, house prices rose too fast, speculative investment behavior, resulting in short supply, the development of enterprises at this time in marketing promotion will not be too Second, the state regulation is too large, so that the real estate industry is too depressed, a large number of enterprises have closed down, enterprises will lack of funds to promote marketing, or make the issuer accounts receivable can not be recovered, the formation of bad debts. Newspaper reporter Siebe