Although Xingyu Technology's smartphone market share is only 7.25% globally, it is not outstanding but definitely not low. The most important thing is that it has risen so fast that many established giant manufacturers have not even responded.
In addition, the sales volume is actually not low at all, because the products are expensive and take a high-end route, which is only slightly cheaper than Apple.
The most important thing is that its domestic smartphone market share is quite terrifying. Returning to the mainland market, the proportion suddenly surged about ten times, reaching 71% of the mainland market share.
In other words, for every 100 smartphones sold in China last year, 71 were products from Xingyu Technology.
This market share can be described as picturesque.
However, Fang Hong also understands that Xingyu Technology's first-mover advantage has taken a huge advantage, and that the domestic smartphone market has just begun to explode, and it has not even exploded in a real sense.
After all, brands like Xiaomi are really short on production capacity.
Other manufacturers are also beginning to lay out their plans.
With the explosive report card of Xingyu Technology, there is no doubt that it will accelerate the speed and scale of investment in the field of smartphones by various players. This year and next two years will show their talents, including various unknown copycat phones. It will usher in an unprecedented explosion, and it will also promote the vigorous development of domestic mobile Internet.
In the current incremental market environment, we don’t even have to compete with each other. There are a lot of empty markets that are unoccupied. You can eat meat when you come in. It’s just a matter of eating more and eating less, so there is no competitive conflict.
Even Xingyu Technology, which has a first-mover advantage, cannot occupy all ecological niches.
Qin Feng’s positioning for Xingyu Technology is very clear, focusing on the high-end market and targeting Apple.
It is worth mentioning that in Fang Hong’s previous life, Apple opened the door to the Greater China market through iPhone 4, but now that Xingyu Technology has emerged, iPhone 4 has not only not opened up the Greater China market yet, but also the world Compared with previous sales data, sales have not exceeded 30 million units.
It’s still a question of whether they can come in this year, because both parties are in a lawsuit, and Xingyu Technology is completely defeated internationally. There is no way, but Qin Feng also thinks about going overseas now.
As for the domestic lawsuits, which are backed by Qunxing Capital, that is another matter.
…
On Monday, January 24, the A-share market opened. Although the index jumped up and down and closed negative, the Xingyu Technology concept sector rose sharply today.
GoerTek's call auction opened 4 percentage points higher, and the price limit was closed at the opening. There came a rise in volume and price. The cumulative increase since 2010 has been close to 4 times, and it has embarked on a strong upward trend throughout the year. .
In addition, there is also a supply chain company that cooperates with Xingyu Technology, Leybold Technology, which also opened sharply higher today. This ticket entered the Xingyu Technology supply chain system in October last year, and its stock price directly increased in the following more than a month. It more than doubled from 21 yuan to 50 yuan.
In last year's list of monster stocks, Leybold Technology also had a place.
The stock fell unilaterally to around 34 yuan in the first month of the new year, with an adjustment of more than 32%. Today, it was also stimulated by the weekend news and was raised by funds to the limit.
Basically, today's A-share market conditions, Xingyu Technology concept stocks are all in the red, and there are 5 stocks in the sector that have reached their daily limit. The profit-making effect of this sector is that if you buy it as soon as the bidding opens today, you will basically eat meat.
For many domestic manufacturers, if they can join the Xingyu Technology supply chain system, their performance will definitely skyrocket. If the company is listed, its stock price will definitely skyrocket.
Because not only the order volume has surged, but more importantly, the profits have also been considerable.
The profits of Xingyu Technology's smartphones are so high that market analysis expected them to be on par with Apple, but not even close.
However, according to the information disclosed this time, Xingyu Technology's net profit did not even exceed 15 percentage points. In addition to investing more than half of the profits in technology research and development, the profits allocated to supply chain partners are also considerable.
That's why Xingyu Technology concept stocks have skyrocketed, especially the stocks of manufacturers that have joined the supply chain system. Institutions are rushing to buy them, because this is a solid logic. What rises is not based on valuation, but on value.
Looking at valuation means looking at a company's future expectations, which is more about telling a story, while looking at value means looking at how much money a company can actually earn.
Being able to join the Xingyu Technology supply chain system means real profit growth that exceeds expectations.
…
In the afternoon, I stayed quietly in the villa, in the study on the second floor.
Tian Jiayi, who was reporting on his daily work, said with a smile: "In a meeting of the company today, it was mentioned that various mainland capital institutions came to Qunxing to propose the listing of Xingyu Technology. There were many old faces, like Zhong Tai Capital, Perennial Capital, etc., are all rushing to take over the market."
Hearing this, Fang Hong crossed his legs and laughed, glanced at the beautiful assistant and said: "There are a lot of people staring at this big piece of Xingyu Technology."
Tian Jiayi nodded and said: "Zhongtai Capital is even willing to offer a price-earnings ratio of 35 times to take over. Compared with Apple's current price-earnings ratio of 15 times, it is a full 20 times more than the price-earnings ratio. I'm afraid I won't be able to get on the bus."
Capital has given Xingyu Technology a price-to-earnings ratio of 35 times, which means that the primary market's valuation of this company has now increased to 476 billion yuan, which has doubled compared to last year's valuation.
The 2010 annual sales report disclosed by Xingyu Technology last weekend was too explosive. Since the launch of S1, market feedback has caused various analysts to raise their expectations all the way, from 5 million units to 10 million units, and then higher. 15 million units, and the forecast was further raised to 18 million units.
The result was still beyond expectations.
It directly sold 22.203 million units throughout the year, directly capturing 71% of the market share of smartphone sales in the mainland market last year.
Fang Hong said with a smile: "Xingyu Technology's performance is indeed very eye-catching, and it has exceeded my expectations. Looking at this situation, there is no need to resort to backdoor listing. It is only two years short of profitability. We can adjust it and apply directly around 2012." Let’s go public on the main board.”
This year’s net profit is 13.6 billion yuan. According to the financial requirements for the listing of a large A company, it needs to meet the cumulative net profit of more than 30 million yuan in the three years before the issuance, and the cumulative net operating cash flow in the three years before the issuance exceeds 50 million or the cumulative Operating income exceeds 300 million.
There is no doubt that Xingyu Technology has met the standards, but it is just short of the age standard.
Other companies' applications for listing may not come to fruition for two or three years, but Xingyu Technology's listing is definitely green. The company's current largest shareholder is Qunxing Capital. After last year's Series B financing of 5 billion, Qunxing The shareholding scale of capital has increased to 80%.
The five top national team organizations have already joined Qunxing Capital. Xingyu Technology’s A-share listing is not comparable to the situation when Wang Qingxiong went public for Hengtong Pharmaceutical Group.
Tian Jiayi looked at him and asked, "Aren't you going to take the backdoor route? Are you sure?"
Fang Hong said: "There's no rush. We'll see what happens after a year. I know those capital institutions that want to get on the bus are in a hurry, so just let them rush."
In fact, Xingyu Technology does not need to be listed at all. If it needs financing, it can just go to Qunxing's father to borrow money. Qunxing Capital is absolutely capable and can get this money without pressure.
But Fang Hong still wants Xingyu Technology to be listed, firstly to increase asset credit for Qunxing Capital, and secondly to distribute the cake.
…
(End of chapter)
