GEM is a secondary stock trading market.

Unlike the main board, it has more relaxed requirements for listing, mainly reflected in the requirements for establishment time, capital scale, medium and long-term performance, etc.

The core asset that the entertainment sector values is the star talents it has recruited. Having a heavyweight star in charge is not only a guarantee for the company to seek stable income, but also a capital for its storytelling in the capital market, which is conducive to bringing it a higher valuation.

Entertainment and media are asset-light.

With the rapid growth of China's economy, the capacity of the film and television entertainment product market will inevitably grow, and the space is very huge. Based on this expanding market, the growth model of film and television entertainment companies is also becoming more and more changeable, and the ability to make sustainable profits is becoming stronger and stronger.

Therefore, investors dare to take more than five times the price-to-earnings ratio to read the future of the film and television entertainment sector.

This is what Tang Ningyu told him before Yuehua went public...

……

There are 28 companies listed on the GEM in the first batch, and the Shenzhen Stock Exchange cannot accommodate so many companies at the same time to hold the opening ceremony, so it has to move to the Wuzhou Hotel in Shenzhen.

A super large hall, full of seats for 500 people, in front of a high platform, on both sides of an electronic display screen, in the middle is a back panel, on a line of big words: the first batch of companies listed on the gem.

In addition to the chairmen of 28 listed companies, the first batch of GEM companies to participate in the listing ceremony also included the heads of major securities firms, funds and venture capital companies.

Leaders of the supervisory level who attended the ceremony included Zhou Xiaochuan, governor of the People's Bank of China, and Liu Xinhua, vice chairman of the China Securities Regulatory Commission.

On very formal occasions, Zhang Junsheng naturally attended in formal attire, sitting upright, and not squinting...

I feel like I'm back in elementary school...

Do things exactly according to the host's instructions, he said to line up, Zhang Junsheng lined up honestly, and when he said to ring the bell, he smashed it with a hammer...

At 10 o'clock, when the last bell dissipated, the picture of the electronic display suddenly changed, and it was replaced by the real-time trend of the stock market...

“… What does this mean?"

Xiao Zhang's mother really doesn't know anything about stocks, but Zhang's father's eyes have been staring at the data on behalf of Yuehua Media...

"We're going up..."

Concise.

"Oh..."

At this moment, the data came out, and the host immediately announced: "The average increase in the opening of 28 stocks has reached 48%! Among them, the highest increase is Yuehua Media, with an issue price of 49.58 yuan and an opening price of 79.86, an increase of 61%!"

"Wow!"

The audience cheered, quite a sense of "The Great Era"...

Zhang Junsheng is estimating the closing price.

Before listing, the industry set a reasonable price of 35-55 yuan for Yuehua, and the trading suggestions for the first day are: you can participate below 65 yuan, and sell it if you exceed 65 yuan, and now the opening price is 79.86, and the face is not too sour...

occupies the first place in entertainment, and the attraction is not ordinary!

Plus bound a group of star shareholders...

By the way, there is also the word-of-mouth and box office win-win of "Racing"...

So, the big rise is for sure!

Yuehua's stock is indeed like a drug, soaring all the way...

80.14；

88.65；

92.56…

Seeing that it was about to break 100, the number suddenly stopped, 95.832...

Immediately after, the Shenzhen Stock Exchange announced: "Yuehua Media's transaction price has risen by 20% or more than the opening price, according to the relevant provisions of the "Notice on the First Day of Transaction Monitoring and Risk Control of Initial Public Offerings on the Growth Enterprise Market", the stock has been temporarily suspended from 10:58:38 today, and trading has resumed at 11:29. ”

"Let's go, let's eat!"

Regular Operations...

In order to warn and prevent the risk of excessive speculation on the first day of listing, the Shenzhen Stock Exchange has clearly stipulated that when the intraday trading price of a stock on the first day of listing rises or falls by 20% or more from the opening price of the day, the Shenzhen Stock Exchange may temporarily suspend trading for 30 minutes;

When the first rise or fall reaches or exceeds 50%, the Shenzhen Stock Exchange may impose a temporary suspension of trading for 30 minutes;

When the first rise or fall reaches or exceeds 80%, the Shenzhen Stock Exchange can temporarily suspend trading until 14:57...

……

Lunch was a bit careless...

Even Zhang's father doesn't understand Yuehua's stock price a little bit...

Although the industry is generally optimistic about the GEM, it has made a valuation of more than 80% of Yuehua's price-earnings ratio.

However, the opening directly exceeded sixty percent ...

His previous estimate was more than twenty percent...

It seems that doing entertainment is really funny!

As for Zhang's mother, she was stunned throughout the whole process, but Zhang Junsheng remained silent, not knowing what he was thinking...

In the afternoon, just after the opening, Yuehua's stock began to fall, falling to 85.56, and then rising again, all the way to 104.27...

At three o'clock, compared with the issue price, the increase reached 210%!

What is the concept?

In just six hours, Yuehua's market value has been realized, exceeding 45 billion!

Equivalent to 200 Sakura Emperor Entertainment!

Zhang Junsheng is worth more than 19.1 billion!

Zhang's father holds more than 5.4 billion shares, while Zhang's mother has 2.6 billion...

Not only that, but the company's executives, star shareholders, and celebrity shareholders have also doubled their value.

Especially Xu Yan, 8 million shares, worth more than 800 million...

Even Brother Xun, who symbolically bought 50,000 shares, made a profit of more than ten times!

In fact, before the official listing, Zhang Junsheng always felt that he was living a good life, promising at a young age, making movies, making stars, doing business, and making three mistakes...

Now it seems that I am really a little cute...

Let's see how the bigwigs play?

The leeks of the stockholders are also worshiped as the god of stockholders!

……

"To be honest, this result still puts a lot of pressure on us, and we hope to repay investors with good results. The funds raised this time are mainly used to produce content!"

When interviewed by reporters, Zhang Junsheng smiled brightly.

Nonsense, the value has skyrocketed, and anyone will be in a good mood!

"Contents?"

"Yes, film and television production essentially belongs to the content industry, and we have always wanted to build a content industry chain that belongs to Yuehua, but unfortunately the funds are not enough, and now we will promote the Huayue Video independent online drama project!"

"In addition, we will put more energy into the construction of movies and theaters, and now the market conditions are getting better and better, and maintaining the brand belonging to Yuehua is the focus of the next development!"

"Will Yuehua Media have some mergers and acquisitions in the future?

"I think there will be, there will be!"

Yuehua's successful listing has taught a good lesson to film and television companies based on traditional business models.

Why is it listed?

Raise funds, make up for shortcomings, and expand the industrial chain.

Yuehua itself already has a relatively complete industrial form, so the gap is even greater!

In addition, the sentence 'there will be mergers and acquisitions' makes everyone in the industry at risk...

Small and medium-sized companies do not dare to expect too much, they can only envy and hate, and those large companies of similar size are all surging.

Dongyang Media, Huang Zhonglei is appeasing Ma Xiaokang:

"They go public, we also go public, they spend the money of the shareholders, we also spend the money of the shareholders! Now is the era of fighting for capital, especially in the film and television industry, whoever is willing to spend money will be able to earn back ten times and a hundred times. ”

Why appease?

Because Yuehua has someone in contact with Ma Xiaokang!

Not only Ma Xiaokang, but also Zhang Yimou...

Please remember that the first domain name of this book is .. m.