Zhang Junru called from Shenniao and said that the listing process of Taohuaxian Tea Factory had been accelerated, and asked Li Dongwen to come over quickly.

Originally, the main energy of Zhang Junru's team was busy with the listing of Xie Anping's logistics company, and Shenniao only left a listing preparation team here.

Two days ago, I suddenly received a notice from the state to speed up the listing process, and the state also set up a special working group, with Governor Hong as the team leader and Li Zhenkun as the deputy team leader to supervise the progress of the listing of Taohuaxian tea.

The county has also set up a working group for this purpose, with Secretary Wu Guoping personally serving as the team leader and Chen Luxiao serving as the deputy leader. The two county officials personally took command, reflecting sufficient attention.

The reason why Xiangxi is in a hurry to change the history of no listed companies is due to many considerations, the main reason is that this year's general election is troublesome, all aspects of political performance, and the reason for the due adjustment.

It is said that there is an official of the China Securities Regulatory Commission from Hunan Province, and after the change of office, the work will be adjusted, and Xiangxi should seize the time to catch this last train.

As soon as Li Dongwen came to the Divine Bird, he was arrested by Zhang Junru for a meeting.

Zhang Junru: "Let's talk about valuation first. If it is valued according to a price-to-earnings ratio of 10 times, the annual turnover of Taohuaxian tea can reach 20 billion yuan, including the export part, which is converted into RMB. Excluding taxes and export tax rebates, the company's conservative net profit exceeded 10 billion yuan. In this way, ten times the price-earnings ratio, the company's market value will reach 100 billion, which is already a super large enterprise, and it is difficult to pass. ”

Before Li Dongwen could speak, Sun Yunsheng hurriedly asked, "What should I do then?"

Zhang Junru saw that Li Dongwen did not express an opinion, so he said: "If we want to go public smoothly, we can only sacrifice short-term interests and reduce from 100 billion to 10 billion." The 100 billion level is too eye-catching, and only a few large state-owned enterprises and banks can be at this level. ”

"The price-to-earnings ratio is set at 8 times, and the issue market value is set at 80 billion. The stock price was also set lower, with an issue price of 10 yuan per share, 1.6 billion shares issued, accounting for 20%, and the company holding 80%, converted into 6.4 billion shares. ”

Regarding the company's net assets, 100,000 acres of tea plantations, calculated according to the valuation of 100,000 yuan per mu, equivalent to 10 billion yuan, the fixed assets of the tea factory, as well as the company's cash flow, are also controlled at about 10 billion, a total of 20 billion. In this way, the price-to-book ratio is only 4 times, which is not high for agricultural entities, and it is relatively low. ”

Sun Yunsheng asked again: "Is there any company with a lower price-to-book ratio than us?"

Zhang Junru said: "The price-to-book ratio of the financial industry is generally low, and some bank stocks are only one or two times the price-to-book ratio, and after listing, the company's market value falls below the company's net assets, which is not surprising." ”

Li Dongwen asked: "What good will it do us if the company goes public? Twenty percent of the profits have been divided away in this way? If we don't go public, won't we still live a good life?"

Zhang Junru glanced at Li Dongwen, this issue seems to have been discussed before, why are you still struggling? Many companies want to go public, you are good, it is not rare?

Zhang Junru said: "Now I can't say that it won't be listed, I'm afraid it won't work." The company's listing is already on the way, and the government at all levels is staring at it, and now it is too late to regret it. ”

Li Dongwen sighed: "Then go public." ”

The two working groups in the state and county are also actively helping to make suggestions and prepare various approval documents and supporting materials, especially the financial data, which are well documented, and the annual import and export documents are all there, and the customs declarations and accounts are clear.

There is also taxation, the policy of three exemptions and two reductions, the three exemptions have ended, and now although it is two reductions, the annual tax revenue contributed by the tea factory is more than 200 million, which is the real financial revenue of the local government, and it cannot be faked.

Zhang Junru continued to explain some policies and did some popular science for everyone.

After the agricultural enterprise company is listed, there are a series of preferential tax policies, and then apply for a high-tech industry, there can also be preferential treatment, and even financial subsidies from the government.

Corporate charitable donations can be tax deductible, for example, through charities, targeted donations to Taohuaxian School, the left hand to the right hand, you can reasonably avoid taxes.

Li Dongwen has never paid much attention to taxes, that is, openly opening to collect protection fees, we are particular about people, we can't break the rules, we should pay what we should pay, and the rest is earned.

The company's listing is not a simple matter, and after adding a lot of information, Li Dongwen has become a practicing signer in the past few days. The shareholders' meeting should be established, the board of directors should be established, the board of supervisors should be established, and various articles of association and systems of the company must be signed and confirmed for filing.

Zhang Junru suggested that we take this opportunity to go through the relevant procedures and procedures of wineries, Taoyuan, hotels, health halls and other companies together, and maybe we can go public in the future.

The procedures at the distillery are relatively simple and easy to handle. Taoyuan is now classified as the original honey factory, so it is necessary to bring the honey factory, and the original forest farm is not realistic to be listed separately, and it must be tied to Taoyuan.

In this part of the Taoyuan, there is still a troublesome matter, Shenlong's Taoyuan is easy to deal with, and the two Taoyuan in the next county, Tongyuan and Huicheng, how to deal with it? There is also the future Wu'an Taoyuan, which also has the same problem. The company is registered across provinces, and it is more troublesome to integrate.

Zhang Junru proposed that Taoyuan in other provinces can not be considered for the time being, and after the Taoyuan of Shenniao is listed, the Taoyuan in other provinces will be acquired or merged, and the assets will be restructured.

Hotels, health halls and tourism companies can be merged into a cultural tourism sector and packaged into a listed company, Taohuaxian Cultural Tourism Co., Ltd.

Li Dongwen admires these people who are engaged in finance a little, and they have a lot of bad ideas.

Peach Blossom Fairy Tea was listed, with a one-time financing of 16 billion, and in this year, it is a super large-cap stock, and generally there are no strong underwriters, which cannot be played, and now although the listing application has not been submitted, it is necessary to start looking for underwriters.

After Li Dongwen signed the documents of the tea company, a bunch of documents from the winery, Taoyuan, and the cultural tourism company were sent over, and his hand was soft when he signed it.

Looking at these documents, Li Dongwen sighed silently. Now these industries are still their own, and in a few years, my buddy will have to leave sooner or later, and these industries have nothing to do with me.

When Li Dongwen was busy, Wu Guoping and Chen Luxiao, two county officials, came to visit again.

Secretary Wu said: "Boss Li, you are really in a good situation." I heard that in addition to Peach Blossom Fairy Tea, several listed companies have also been prepared, which is gratifying!"

Li Dongwen said: "It's all blind busy. In fact, it doesn't matter to me whether the company is listed or not. ”

How can it not matter? Chen Luxiao was just about to open his mouth to refute, but Wu Guoping raised his hand to stop him, and he preemptively said: "You are the big boss, of course it doesn't matter. But we are different, more than 300,000 people in Shenniao County are looking forward to your company's listing. ”

County Magistrate Chen Luxiao was very uncomfortable beside her, but she opened her mouth to say a word, which immediately made the atmosphere at the scene embarrassing.