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Foxconn sprint IPO: seven major reasons to support its listing on the mainland capital markets

via:CnBeta     time:2018/2/11 14:01:22     readed:605

1, the total market is expected to reach 600 billion yuan

Foxconn shares are expected to become listed companies listed on Taiwan's first divestment of listed A shares, according to the current session of the Securities Commission rhythm, Foxconn shares expected to be issued within six months of the hearing.

Foxconn shares now 17.7 billion shares, and good performance, according to the issue of 1.77 billion A shares, the total share capital of about 19.5 billion shares, after the successful listing, compared with the current industry average price-earnings ratio, a more reasonable price of 33 yuan, the market value is expected to reach 643.5 billion yuan, Thus becoming the highest market value of A shares of foreign-controlled listed companies, while some employees also hold shares, the market capitalization is expected to reach 8.6 billion yuan. Changzhou Securities investment adviser Zou Chao Fu believes Foxconn shares in 2017 earnings per share of about 0.90 yuan, according to the issuance of A shares accounted for 10% of the total share capital after the release, that is 1.7726 billion shares, after the issue of the total share capital of about 19.5 billion shares, Foxconn shares earnings per share About 0.81 yuan.

According to the current A-share market, electronic equipment and services weighted average price-earnings ratio of about 40.9 times, Foxconn shares listed more reasonable price of about 33 yuan. Then, the total market value of Foxconn shares will reach 643.5 billion yuan, becoming the highest market value of A shares of foreign-controlled listed companies.

2, the capital giants to apply for IPO helps to optimize the capital market structure

In the prospectus, Foxconn self-introduction as "the company is the world's leading communications network equipment,cloud serviceEquipment, precision tools and industrial robots professional design and manufacturing service providers. Founded in 1974 by Hon Gou, Precision is the parent company of Foxconn Technology Group, a world-famous electronic product "foundry giant." This means Foxconn's listing is also in line with the "quality companies to stay in the country" This development policy helps to further optimize the structure of the capital market in our country.

3, Foxconn occupies a dominant position in the field of intelligent electronic equipment manufacturing

It is understood that Foxconn Industrial Internet Company is the world's leading communications network equipment, cloud service equipment, precision tools and industrial robots professional design and manufacturing service providers. In the field of smart device manufacturing, according to IDCdatabaseStatistics, 2016 GlobeserverAnd storage equipment manufacturing market output value of about 35.3 billion US dollars, Foxconn Industrial Internet company's turnover accounted for more than 40% of global output value; in 2016 the global network equipment manufacturing market output value of about 279 billion US dollars, Foxconn turnover accounts for more than 30% of the global output value %; In 2016, the global telecommunications equipment manufacturing market output value of about 12.2 billion US dollars, Foxconn turnover accounted for more than 20% of global output value. The issuer in the field of business, the market share of the leading position. However, Foxconn also mentioned in the prospectus that Siemens and General Electric are their major competitors.

4, Foxconn IPO into the Apple mobile phone business: profits over 21 billion yuan

According to the official website of Foxconn Group, the company has invested in mainland China since 1988 and now has more than 1 million employees. The total import and export volume in 2016 accounted for 3.6% of the total import and export volume in mainland China, ranking 27th in Fortune Global 500 in 2017 .

5, industry giant: 270,000 employees

As a labor-intensive enterprise, Foxconn employs a total of 269,049 people. Among them, the manufacturing 200000 people, accounting for 75.57%; R & D / project 40,000, accounting for 14.90%; sales / administration / management 25662 people, accounting for 9.54%.

Foxconn's number of employees is also the top 10 A-shares, second only to PetroChina, Sinopec, the four lines, plus China Ping An and China Railway. The total number of employees is 269,000 yuan, of which 160,000 are employees under the age of 30, accounting for about 60%. Not only many, Foxconn shares of the revenue also belong to the giant.

6, the industry leader in revenue, net profit in 2017 increased 10.45%

Foxconn achieved 2015 revenue of RMB272.8bn, RMB272.7bn and RMB354.5bn respectively. Operating revenue in 2016 decreased slightly by 0.03% over 2015, and revenue in 2017 increased by 30.01% as compared with that of 2016. In terms of net profit, Foxconn shares in 2015-2017 were 14.35 billion yuan, 14.37 billion yuan and 15.87 billion yuan respectively, of which net profit in 2016 increased by 0.1% over 2015 and net profit in 2017 increased by 10.45% over 2016.

7, Foxconn IPO luxury sponsor team: CICC + PricewaterhouseCoopers + Kindu

Foxconn Industrial Internet Co., Ltd. IPO prospectus (submission draft February 1, 2018 submitted) to be listed on the Shanghai Stock Exchange, the IPO please luxury team. Sponsor for the gold company. The law firm is Beijing King & Wood Law Firm; the accountant is PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership). Assessment agencies Beijing Zhonghua China Assets Appraisal Co., Ltd.

related articles:

Foxconn hit A shares: nearly 270,000 employees doubled its debt to 120.4 billion last year

Foxconn to be listed on the Shanghai Stock Exchange: nearly 270,000 employees last year revenue 354.5 billion

Foxconn prospectus did not disclose in detail the top five suppliers

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