[TechWeb] July 11 news, the Shanghai Stock Exchange official website recently disclosed Shenzhen Wealth trend Technology Co., Ltd. (hereinafter referred to as Wealth trend) Science and Technology Innovation Board initial public offering statement (declaration draft). The following are the main points of TechWeb excerpt.
Screenshot of Wealth trend IPO
R&D center is located in Wuhan
The IPO disclosed that the wealth trend R & D center is located in Wuhan and the average salary level is lower than that in the eastern coastal and first-tier cities. The average monthly salary of the company's employees in 2018 is 10600 yuan. In 2016, 2017, 2018 and January / March 2019, the proportion of employee compensation in the company's total operating cost is 66.67%, 6934%, 77.53% and 89.11%, respectively. Employee compensation is the main component of the company's total operating cost.
Wealth Trends official website shows that the company's Wuhan Development Department is located on the 9th floor of Building C3, Guanggu Software Park, Guanshan 1st Road, Donghu Development Zone.
As of March 31 this year, the total number of employees in the company was 247, according to the prospectus.
Chairman and General Manager Huangshan Resume
Huang Shan, male, 49 years old, Chinese national, no overseas permanent residence, master degree. From March 1995 to February 2005, he was director and general manager of Shenzhen Tongdaxin Communication Electronics Co., Ltd.; from August 1997 to May 2009, he was director and general manager of Wuhan Tongdaxin Electronic Technology Co., Ltd.; from November 1997 to September 2010, he was director of Shenzhen Gexinda Electronics Co., Ltd. From September 2000 to February 2005, he was chairman and general manager of Shenzhen Ruoyi computer Software Co., Ltd.; from March 2001 to August 2006, he was executive director and general manager of Wuhan Tongdaxin Software Co., Ltd.; from September 2001 to August 2012, he was appointed director of Beijing Tongda Xinheng Network Technology Co., Ltd.; from December 2002 to June 2011, he was appointed executive director and general manager of Shanghai Tongdaxin Electronic Technology Co., Ltd. From January 2007 to November 2008, he was appointed supervisor of wealth trend limited; from November 2008 to November 2010, he was director of wealth trend limited, general manager; from November 2008 to November 2018, he was executive director and general manager of Wuhan Wealth trend Technology Co., Ltd.; from November 2010 to present, he was chairman of Shenzhen Wealth trend.
Operation of main business
According to the IPO, the wealth trend is an important supplier of software products and securities information services for the domestic securities market trading system. The online market trading system developed by the company has been adopted by the vast majority of securities companies with the qualification of brokerage business in the country.
Major customers of Wealth Trends include CITIC Securities Co., Ltd., Guotai Junan Securities Co., Ltd., Galaxy Securities, GF Securities Co., Ltd., Guoxin Securities Co., Ltd., Huatai Securities Co., Ltd., Shenwan Hongyuan Securities Co., Ltd., China Merchants Securities Co., Ltd. The vast majority of domestic securities companies with brokerage qualifications, including Haitong Securities Co., Ltd.
Specific listing criteria chosen by the issuer
According to the audit report issued by Zhonghuan accountant, the net profit of issuer (wealth trend) in 2017 and 2018 was 11809.53 million yuan and 142.5181 million yuan, respectively, the net profit of the last two years was positive and the cumulative net profit was not less than 50 million yuan, and the issuer's operating income in 2018 was 195 million yuan, and the operating income in the last year was not less than 100 million yuan. The issuer has a strong profitability, combined with the valuation of comparable companies in the domestic market, the issuer market value is pre-evaluated, and it is expected that the total market value of the issuer will not be less than 1 billion yuan after the issue.
In general, the application for the issuance of this issue of the issuer is applicable to the listed standards, that is, the "It is expected that the market value is not less than RMB 1 billion, the net profit of the last two years is positive and the accumulated net profit is not less than RMB 50 million, or the market value is not lower than RMB 1 billion, the net profit of the last year is positive and the operating income is not less than RMB 100 million" specified in Article 2.1.2 (1) of the Listing Rules of the Stock Exchange of the Shanghai Stock Exchange.
Purpose of raising funds
According to the wealth trend, after deducting the issuance expenses, the funds raised are invested in the following projects in order: Tongdaxin Open artificial Intelligence platform Project, Tongda Visual Financial Research Terminal Project, Tongda Professional Investment and Trading platform Project, Tongdaxin Industry Security Monitoring system Project based on big data. The total amount of investment is 778 million yuan.