After listening to Ran Ying's request, Fang Dagang immediately asked her to hand over the phone to Fu Zhengyi. "Are you really going to get Weizhi Mobile Phone on the market?"

"yes, what's wrong?"

Fang Da was in a hurry. This year's financial report has not yet come out, but Mr. Ke came to tell me in advance, only to know that the total sales of mobile phones at home and abroad last year exceeded 70 million units, deducting the technology research and development department's accrual, sales, advertising, and overseas channel construction costs, in the end, there are considerable profits that cannot be handled, can only be left in the account, even if the Liao family only has the right to dividends, this also means that it is pure money, this is ......"

Fu Zhengyi said. "The condition for the Liao family to participate in the shares is to extend the lock-up period for an additional two years, which means that the Liao family will have the opportunity to cash in ......on the profits after three years of listing of the company."

"But even if it is a three-year lock-up period, during these three years, the Liao family can not only participate in dividends, but also pledge stocks to lock in profits in advance! I know you are a genius in finance, but the problem is that the rules in China are different, and the punishment for illegal operations is almost zero, you ......."

"Anla, I've been thinking about this for a short time, and if you don't go public with a company with high profits, the Liao family won't believe in the sincerity of cooperation, have you forgotten the name of Liao Laosan? Now he doesn't touch the business of less than 50 million at all! Besides, according to the domestic listing process, there is no one or two years, and it can't ......be done at all."

"Justice, you have to know that since the Liao family dares to give this indicator, the listing process must be simplified, the last time their people came over, they said bluntly, as long as only the technology can come up with good benefits and good development prospects of the industry, at most half a year can be specially approved for listing, special things are just done, nothing unusual!"

Half?

Fu Zhengyi calculated the time and had a slight headache, and asked Fang Dagang about the financing of several domestic listed companies. "It's okay, I will sort out a framework document as soon as possible about the requirements for the listing of Weizhi mobile phones, and Ran Ying will go back to explain it to you, and then start arranging it after you understand the meaning." The group's attitude towards the listing of the mobile phone industry is not to delay but also not to take the initiative, let alone urge, since the Liao family has the ability to operate, then let them do everything, and the additional expenses will not be recognized......"

Fang Dagang was stunned, although there are not many listing indicators in Jiang Province in recent years, but the subordinate enterprises of Weizhi Technology are far ahead of the list in terms of performance, return on capital, or the indicators that need to be reviewed for listing. Let the price-earnings ratio truly reflect the company's growth level, and in the future, the market can be the same as the European and American stock markets, for investors to continue and stabilize a reasonable return on investment, so that the market can be rational, so that the market can truly enter a healthy ......

The more I thought about it, the more I felt that something was wrong, Fang Dagang realized that he was unwilling to talk about it on the phone, obviously to avoid some unnecessary troubles, but the current market situation did not see a little better trend at all, the market value of the stocks held by the enterprise annuity plan of Weizhi Technology has exceeded 20 billion, and the stocks held by it have also been relatively resistant, but since October, the profit has shrunk by nearly 2 billion. Or the issue of stock issuance price, which will inevitably cause a new and serious impact on the market, and then cause an uproar!

Fang Dagang felt that he couldn't understand, but he had to follow his train of thought to talk about specific issues, and after thinking about it, he spoke. "Justice, if it is according to the current listing model, the current composition of the share capital, the market value of the mobile phone once the public offering may exceed 200 billion, the initial stock price should be at least more than 80 yuan, if the financial statements are properly handled, the initial price can be set at more than 150 yuan, the sky-high stock problem in previous years has been strictly investigated and dealt with by the Securities Regulatory Commission, and the market maker of a certain technology is precisely because the stock price is speculated to more than 100 before the accident......"

Fu Zhengyi pondered for a moment and laughed. "Are you worried that the total plate is too big, the stock price is set too high, and it may not be sent out in the end?"

"Yes, with such a large plate and such a high stock price, retail investors can't afford it and don't dare to buy it, so naturally they won't participate in it......"

"I have read the semi-annual report of Weizhi mobile phone, the compound growth rate of return on net assets exceeds 30%, even considering that the current domestic mobile phone sales are somewhat declining, but to ensure that the annual return on net assets of 20%, 20% growth rate, should be no problem, right?"

"Yes, this requirement is too low, and the board of directors is ready to ask for a 10-point increase in the domestic market share and a 15-point net profit increase next year......

"Dagang, at present, the price-earnings ratio of domestic listed companies can be maintained for a long time 20 times is considered a high-performance stock, if the stock price of the mobile phone is 100, the dividend of holding a year is more than 8 yuan, if you count the development expectations of the enterprise, it must be absolutely cost-effective to hold it for a long time within 300, right?"

Fang Dagang pondered for a moment and could only nod.

The domestic stock market is known as the circle money market, all the data before the listing can be blind, but once the listing of a lot of will change face, the decline in profits is considered light, not to lose money quickly after the listing, and then it can only be with the help of restructuring, mergers and acquisitions, storytelling to maintain the stock price firm, survive the three-year lock-up period, in advance with the bank to carry out equity mortgage, in short, the current market and 'health' is absolutely unrelated, are keen to tell stories, Talking about the prospects, unwilling to do business in a down-to-earth manner, except for the state-owned enterprises that cannot sell the original shares to make a profit, other enterprises can expect the company to go public to achieve overnight wealth, after making a windfall, who cares whether the enterprise is running well or not......

Thinking of this, Fang Dagang suddenly understood what he meant. "Justice, do you want to go public through Weizhi mobile phone and erect the banner of value investment, it is not important whether retail investors participate or not, and the guiding opinions of the regulatory authorities are not important, and give value investors investment returns that exceed bank interest and outperform inflation, do not tell stories, do not engage in any topics, and speak with performance, right?"

Fu Zhengyi breathed a sigh of relief, Fang Dagang finally understood what he meant, but to let a cash cow company like Weizhi Mobile Phone go public, he was not just to carry the banner of value investment, but to dig a big hole, and strive to make some people fall into it and never climb up again......