The first share of green water

"Whether it is the SME board, or the gem, we are all preparing." When to go public, in which plate listing, it is necessary to see the time and the people. "Beijing Bi-source Technology Co., Ltd. (" Bi-Water ") deputy general manager He Lamping said.

This High-tech enterprise, registered in Zhongguancun High-tech park in Beijing, focuses on sewage treatment and resource utilization. In the gem before and after the launch, has long been locked into the public opinion is expected to be the first batch of enterprises to land. Last April, the bi-water source as the preparation of the gem company was Shenzhen appointment. However, He Lamping and the blue water source are more willing to keep a low profile. Why, the company's main focus is on the business.

The water source was founded in 2001 by Wenjianping, a returning student. He, who had graduated from his doctorate in Australia, decided to return to his business. While studying in Australia, Wenjianping selected the municipal engineering water resources management specialty. During the Sydney Olympics in 2000, he took part as a volunteer and was inspired by the MBR technology used in the Sydney Olympics to treat sewage.

MBR, membrane bioreactor, sewage treatment core technology, it is this sounds very clumsy things in the future became the body of the green water. After graduating from home, Wenjianping first cooperated with Tsinghua University to develop the key technology of MBR. Finally, the green water source developed the core product film group.

Compared with the success of research and development, the biggest difficulty in the initial stage of bi-source business is the market promotion of MBR technology. Taking a project with a capacity of 10000 tons/day as an example, the construction cost of traditional wastewater treatment works is 1500-2500 yuan per ton, and the use of MBR technology requires 2000-3000 yuan per ton. In this case, the green water has to first push demonstration projects, and then collect money. Even by 2003, when the company's first big business single-the National Grand Theater Water Treatment Project, bi-water is to adopt low-cost strategy bid, loss to earn fame.

After several years of development, bi-water has gone through the entrepreneurial risk period, into a relatively stable stage. He Lamping Introduction, 2005 bi-water to achieve sales revenue of 100 million yuan, three consecutive years of sales revenue doubled, 2006 sales to 160 million; 2007 300 million yuan. The net profit of the same period was 2005 4.4 million Yuan, 2006 36 million Yuan, 2007 70 million yuan.

The performance of the same time, the green water began to enter the capital market to prepare. He Lamping said that the green water has also been considered overseas listing, but finally chose the domestic capital market, after all, the company's main business is still in the country.

Invited by Wenjianping, 2004 to join the He Lamping, the first important job for the company is financing. He recalls that, including IDG, more than 20 venture capitalists, including Goldman Sachs, Siemens, Sequoia and Carlyle, have expressed their investment aspirations to the bi-water source, which eventually came from two Chinese companies in 2006-Shanghai Xin Lian Venture Capital Management company ("Xin Lian Venture") and Yunnan International Trust Investment Co., Ltd. (abbreviation " Yunnan Trust ") each 20 million yuan investment.

Considered a key step in preparing for a domestic listing, the company's share reform was carried out in June 2007. Today, the green water is owned by 7 major shareholders, in addition to Xin Lian Venture, Yunnan Trust each holding 7.5% of the equity, others, including Wenjianping, He Lamping and other 5 senior management members of the executive stock. He Lamping has said that once the water supply is complete, the company will implement an employee option incentive plan.

To be a He Lamping of investment background, know the importance of capital market to the development of the company. He Lamping estimates that China's water treatment market is close to 200 billion yuan, even if it has accounted for nearly 70% of Beijing's water treatment market share of the bi-water, but also the domestic water treatment market in drop. Listed, in addition to financing, but also to expand the brand effect, standardize the operation of the company. "With more public recognition, more convenient to carry out business, but also facilitate the recruitment of talent." "He Lamping said.