The speaker is intentional and the listener is intentional.
Xishu University's New Year's Day party live broadcast has not yet ended. The news of Jiuzhou Technology's listing has directly reached the top of the hot search list. There are also many related posts on platforms such as Jiuzhou Community.
Due to objective reasons of historical development, there are not many listed giant companies in the technology field in Daxia.
In the past few years, Xia Wei had the loudest call for listing. However, due to Xia Wei's unique ownership structure and technological innovation and progress capabilities, Xia Wei has not been listed, and there is a high probability that it will not be listed in the future.
In the past few years, Jiuzhou Technology, as the fastest-growing technology company that has been innovating and progressing, has actually always had both private and official voices.
"What is the market value of Jiuzhou Technology when it is fully listed?"
There are countless people arguing about this issue.
Data released by Hurun in 2019 showed that Jiuzhou Technology ranked among the top ten private companies in Daxia Technology and the top five private companies in medical and people's livelihood, with a valuation of one trillion Xia Yuan.
Among them, bionic mechanical prostheses account for hundreds of billions, and now Jiuzhou Technology's business projects have expanded to a level that ordinary listed companies can't match. Many people even believe that Jiuzhou Technology's valuation should exceed 1.5 trillion yuan.
By comparison, rice's current market value is only 300 billion yuan. Although the gap between the two seems a bit exaggerated, it does have this consideration.
After all, Rice does not have core technology in other industries, and its derivative home appliances are almost all OEM products. It has not made much achievements in the semiconductor business, the core technology of mobile phone products.
Due to the constant supervision of Xuanwu in the Jiuzhou community, community public opinion is more positive and high-quality, so now many industry leaders and scholars have taken the initiative to settle in.
An academician from the Daxia Academy of Engineering made a value assessment of Jiuzhou Technology under this issue, which also allowed many ordinary people to see how this kind of elite "calculates" others.
"As a private enterprise, Jiuzhou Technology has not proactively announced financial reports, and has been receiving benefits from the tax-free policy in the early stage, so it is impossible to find too many accurate tax records. However, we can find photos of geese and names of people. Based on the side calculations based on its investment scale and the benefits generated by related companies' cooperation with it, multiple pictures will be given to warn.
These are the cooperation announcements between Beijing North, Xiaxin Technology, Pudong Microelectronics, Xiawei Company, Rice, Opo and other companies and Jiuzhou Technology. Some of them are excerpts of the financial reports released by these companies, as well as foreign users of bionic mechanical prostheses. Approximate registration data from relevant departments in Chengdu.
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Valuation generally refers to the discounted value of all free cash flows of a company during its entire life cycle, and is also a comprehensive consideration of business insights.
As an unlisted company, Jiuzhou Technology's valuation generally requires selecting listed companies that are comparable or referential to unlisted companies in the same industry. Based on the stock prices and financial data of similar companies, the main financial ratios are calculated, and then these ratios are used as market indicators. Price multipliers are used to infer the value of the target company.
Or you can select companies in the same industry as Jiuzhou Technology that have been invested and acquired in a suitable period before valuation, and use the pricing basis of small and medium-sized enterprise financing or merger and acquisition transactions as a reference.
But it is very unfortunate and fortunate that there is currently no company in the stock market in Daxia with a similar situation to Jiuzhou Technology. This is also the first time I have encountered such a situation.
At this time, the most fundamental and simplest but most tedious and difficult to operate method of valuation is applicable - thoroughly understanding the company.
But in fact, this kind of operation seems meaningless under this problem, because according to my speculation, Jiuzhou Technology may not be listed. If you know how much venture capital, industry capital and even some large foreign capitals favored Jiuzhou Technology in the year when it was founded, you should know that Jiuzhou Technology has always accepted zero financing.
Gu Qing, the helmsman of Jiuzhou Technology, as a young genius, is fundamentally different from ordinary business owners.
He is a genius in the field of science and technology, and he does not pursue fame or fortune. For example, based on his research and development capabilities, as long as he was willing to expose them, he would have been recommended to Qingbei or other schools, but he did not do so.
According to media interviews with his teachers and classmates, Gu Qing has always been very low-key and weird at school. He almost lives in the cafeteria, dormitory, and library. He doesn't even go to the classroom much. He has never had a female friend. I like sports cars and games, but I don't know how to smoke, drink, or play cards.
An extremely self-disciplined learning genius will naturally have his own pride. This pride is reflected in the fact that Jiuzhou Technology will not bow down or choose to compromise in the face of any situation.
And finally, I think everyone should not forget that Jiuzhou Technology has a first-level confidential project. Even colleagues from the Xia Information Committee talked to me about this topic, but they were not able to participate in it, so I am afraid that the business involved is not something that ordinary people can explore.
Finally, based on actual needs, Jiuzhou Technology’s strong cash flow does not require raising funds through stock market IPOs. "
He said a lot and cited a lot of data, but the academician actually did not give a real valuation figure. However, if you look carefully, there will still be some results based on the data and valuation model.
If it weren't for a good community environment and if this account hadn't been officially certified, this kind of "brick-and-mortar" would probably be sprayed on dozens of pages on Tieba.
"Looking at chip concept stocks such as Daxia Stock, the market value can be anywhere from two to three hundred billion. Can their business be one-tenth as big as that of Jiuzhou Technology?
Jiuzhou Technology also has the world's only high-end lithography machine light source and the world's most advanced wafer manufacturing technology. Pudong Microelectronics, Xia Xin Technology and even TSMC all require it. As for the valuation of semiconductors, there should be a starting price. About 900 billion.
Anyway, if nothing else, if Jiuzhou Technology really goes public, I am prepared to invest a few hundred dollars and treat it as supporting domestic production. "
"But I'm uneducated, so I can get around the world with just one word."
"If you have a few hundred bosses, I'll just give you a few dozen."
When interests are involved, people become very direct.
After Gu Qing finished his speech and went backstage to deal with the leaders of Xishu University, he picked up the Jiaolong X1 and saw the public opinions on the Internet, and the corners of his mouth twitched unconsciously.
There is almost no negative news about Kyushu Technology in the public opinion in Daxia.
When it became a first-level confidential enterprise, any media with official attributes knew the rules very well.
And when the legal staff of Kyushu Technology's Legal Department came out to wield big sticks, many self-media were also disturbed. Coupled with previous releases from relevant departments, the self-media sector was completely locked up.
Looking back on the chaos of the Internet in the past, it was a mixed bag of good and bad. (To be continued)
