Chapter 569

The prospectus is an important document disclosed by the upcoming company to the CSRC and the outside world before listing.

The contents of this document include company profile, development history, business scope, business model, operation data, revenue, finance, management system, equity structure, potential risks and other information.

It can be said that a slightly knowledgeable investor or financial expert can see a company by studying its prospectus alone.

The reason why the CSRC set up this listing system is also to protect the interests of ordinary shareholders. If a listed company conceals or frauds some important information, resulting in losses to many shareholders, the company is likely to face the risk of being sued or even delisting.

Therefore, people from all walks of life who pay attention to the listing process of Huizhong have found a lot of important information from this prospectus.

The first is the brief introduction and development history of Huizhong.

Huizhong is a large mobile Internet company founded in Yanjing, China. Its main business includes mobile social networking, games, cloud computing, mobile application services and a number of investment businesses. Its market scope covers the world.

Huizhong was founded in October 2008. As of July this year (2013), the following important events have had a crucial impact on the development of Huizhong and directly led to the current development situation of Huizhong.

In October 2008, Huizhong was established in China and began to submit mobile games to Apple App store to generate revenue. The first mobile game operated by Huizhong was called fruit games.

In December 2008, the public beta of Zhongle page tour platform, Huizhong entered the page tour industry.

In January 2009, the international version of happy farm began to be publicly tested in non China. As of July 2013, 480 million players had been registered worldwide.

In February 2009, Huizhong established the mobile Internet business unit to develop and operate mobile application services. In the same year, Huizhong acquired and operated application distribution 91 assistants.

In May 2009, Huizhong established a third-party online payment company, Alipay.

In June 2009, the wechat internal beta version was launched.

... (I really want to list it again, but I'm afraid you'll say I'm water)

In March 2013, the number of global users of wechat exceeded 1 billion!

Read Huizhong's brief introduction and development history. All those who watched Huizhong grow up and didn't understand Huizhong's development history before were silent.

Looking at the development history of Huizhong, it seems that they have seen the development history and reform history of China's Internet industry and even the global Internet industry in the past five years, and the rise history of mobile Internet. In every important link, every tuyere and gold mine in this process, Huizhong has "just" stepped on the point.

Terrible, awesome, unbelievable, people finally intuitively and strongly felt Fang Banxian's foresight and divine ability.

If it's not too outrageous, I'm afraid many people will believe that Fang Zhe is a rebirth from the future.

If not, why does Huizhong just step on the point every time its layout is like opening and hanging, and why can Huizhong grow into a world-class multinational Internet company in just five years.

Looking back, the shock people feel in this prospectus is far from so.

As of May 28, 2013, the total number of global users of wechat has exceeded 1.1 billion. Since Huizhong last announced that the number of global users of wechat exceeded 1 billion in March, the number of global users of wechat has increased by 100 million in less than three months!

People are finally aware of the terrible increase of wechat users and the arrival of the prosperous era of mobile Internet. Now it is nearly three months since May 28. I'm afraid the number of global users of wechat should exceed 1.2 billion. It's terrible and incomparable.

Mr. Arima, Mr. Li of Baidu, Mr. Ma of Tencent and the bosses and executives of many other Internet companies are silent when watching the growth rate of wechat users. How do you feel that the growth rate of other people's users is like taking a rocket?

The terrible growth rate of wechat users has been amazing, but seeing the revenue growth rate of Huizhong game, everyone thought of a word in their hearts, elephant dancing!

In 2012, the revenue of Huizhong game business was 68.5 billion, the net profit was 32.225 billion, and the net interest rate was as high as 47%, an increase of 53% year-on-year in 2011.

Meanwhile, in the results of the first quarter of 2013 announced by Huizhong, the game business had a revenue of 23.746 billion and a net profit of 11.229 billion, an increase of 57% and a net profit of 6.975 billion, an increase of 61% compared with the revenue of 15.125 billion in the first quarter of 2012.

Elephants dance, so terrible!

The rapid growth of wechat users, the continuous rise of global smartphone shipments, the rapid growth of the number of mobile game users, and the continuous improvement of smartphone performance drive the continuous upgrading of mobile games to medium and heavy krypton gold games, which make Huizhong game an elephant dancing!

As for Huizhong's cloud computing business, mobile application services and investment business, even if it is just a simple list and description, the number of relevant pages is up to hundreds of pages.

The elite group in charge of this module in the six lines has now collectively taken a paid long vacation for one month. In the words of their boss, "if I had known such a headache, I wouldn't have come even if I had given me a two-year bonus!"

In addition to the business and financial data of these companies, what people are more concerned about or curious about is the core data, equity structure and listing instructions in this prospectus.

Huizhong has a total share capital of more than 2.8 billion shares. This listing is expected to issue more than 300 million shares, accounting for 10.7% of the total share capital. It is expected that the fund-raising amount will not be less than 35 billion US dollars. After listing, Fang Zhe's shareholding ratio will be reduced from 56.02% to 50.01%, with a shareholding of more than 1.4 billion. Other shareholders hold the remaining 49.99% of the shares in total.

Seeing this equity structure, many people are silent. They don't care whether they are shocked or not, but are silent collectively.

Obviously, we all know that Fang zhe deliberately did much better than 0.01%. No one thought that even after the dilution of round a and listing, Fang Zhe's shareholding in Huizhong still exceeds 50%, which means that Fang zhe still has absolute control over Huizhong, let alone more than 90% of his voting rights.

Fang Zhe is Huizhong, Huizhong is Fang zhe!

The announcement of Huizhong's prospectus disturbed and shocked the global Internet industry.

Whether it is Huizhong's amazing growth rate and huge development potential, or Fang Zhe's shareholding ratio in Huizhong, combined with the latest market valuation of wechat users exceeding 1.1 billion, Fang Zhe's worth is as high as more than 180 billion US dollars!

What Bill Gates, Buffett, what is the world's richest man, in the words of a Chinese netizen: "you are the richest garbage man, not even a fraction of our father's wealth!"

"Right, reader ba“