"If we want to go through the domestic listing channel, we can only go to the GEM listing, and the main board requires that we can't meet it now, and the number of years of continuous operation is not enough. However, as I said earlier, the financing amount will not be too high, so the navigation business is basically not to think about it. I took a look at their sales briefing, and this year the whole year sold 30 million units, sales of about $12 billion, gross profit of more than 50 percent.

In this way, excluding fees and taxes, the net profit is more than 3 billion close to the level of 4 billion US dollars, according to the normal price-earnings ratio of the navigation industry is about 15 times, so the valuation of this business listed is more than 50 billion US dollars.

With such a big block, the domestic GEM can't raise this big fish at all, let alone the GEM, even if it's the main board, it's no fun. It is not a key enterprise of state-owned enterprises, and it wants to raise more than 10 billion yuan of funds at a time, this kind of enterprise is not nothing, but it will definitely not be a completely private grassroots background like ours.

Therefore, if you want to go to the GEM in China, the most suitable business in our hands is MI China Electronics, as a manufacturer of navigators and brainwave telekinetic helmets, the concept is fashionable and trendy enough, and now has an annual output of more than 10 million navigators, according to our internal pricing, the annual output value is about 16 billion yuan, and the profit is about 1 billion yuan, so that the valuation is only about 15 billion yuan according to the 15 times price-earnings ratio.

Considering the high domestic P/E ratio, it is also very possible for us to issue at a P/E ratio of 30 times, after all, this P/E ratio is in the bottom third of the GEM. If you are successfully listed, you can become the boss of the Growth Enterprise Market and issue 10% of the shares, which can raise about 3 billion yuan, but this capital belongs to this listed company, and it is impossible for you to take it out.

It's just that the money is in the hands of the company, and you can naturally use it to carry out new investment projects, and it is not a big deal to change the purpose of the project anyway. "Shu Ya is worthy of studying economics, and she is indeed very familiar with these things, and she almost comes out of her mouth.

"In this way, this business is the only one suitable in China?" Duke asked.

"It's not entirely like this, for example, if you want to spin off, voice input can also be spun off, and now it's a net income of hundreds of millions of dollars a year, and the concept is also very good, if it is listed in China, the valuation is not a big problem to achieve more than 30 times.

It's just that I think it's more appropriate for this business to be packaged and listed with the mobile phone business in the future, this technology is very relevant to the mobile phone business, which can greatly enhance the competitiveness of the mobile phone, and our highlights or selling points are more prominent when it is packaged and listed in the mobile phone business.

When the sales of our mobile phone business can compete with Samsung, it will be no problem to come to New York and go public, with a valuation of more than 100 billion 200 billion US dollars, and if we can beat Apple in terms of sales volume and sales, it can reach the level of 300 billion or 400 billion US dollars.

However, if you want to reach Apple's current market value of more than 800 billion US dollars, this piece alone is not enough, unless the smart TV market can be similar to the mobile phone business market in the future. ”

"Oh, so that's the case" Duke finally understood something this time, this spin-off is still a merger, the feelings are still exquisite, and blindly spin-offs are small to go public, which may not be the best combination.

In this way, it is suitable for spin-off is those businesses with limited market capacity growth, such as MI China Electronics, which is mainly based on the manufacture of navigators and brainwave telekinesis helmets, has limited business growth space, although profits can maintain stable growth, but the speed of making money is indeed not too fast, like this kind of business, if it can be listed, it can indeed quickly circle money to do bigger things.

"You say, if we list MI China Electronics in China and Sirius abroad, is there a problem with operating at the same time?" Duke didn't want to wait that long, so he greedily came up with the idea of going public with two companies at the same time.

"In terms of process and regulations, there is no problem at all, Sirius is now controlled by the registered capital of foreign institutions, although the parent company is still SAL, but there are basically no restrictions on where to list, whether it is Europe or the Americas. Just look at which markets are more receptive to the company, think the company is worth investing in, and the valuation is higher.

So from this point of view, I think it's either on the NASDAQ or in Hong Kong, both of which are in one of the world's financial centers, and there are fewer restrictions on the flow of funds, so it is easier to attract the attention of global investors, and it is easier to issue them.

It's just that relatively speaking, the valuation of the NASDAQ is slightly lower. Moreover, the cost of listing is not the same, and after all considerations, I suggest that it is more appropriate for you to choose Hong Kong listing. ”

"Wife, I finally thought of a position that is most suitable for you, that is, the securities department, we will set up a securities department when we go back, you are the first director, no matter what, first push our two businesses to the market." Duke couldn't help but ask when he saw that Shu Ya had conceived so comprehensively.

"Go, who is rare to be the director of the securities department, I am in the position of president in MI, and you will demote me by three levels as soon as you demote me?" Shu Ya said angrily.

"Hehe, the title or something is a floating cloud, if you don't want to add a senior vice president and concurrently serve as the general manager of the securities department, is this grand enough?" The title is really nothing to Duke, and what title he wants is not a matter of his words.

"That's pretty much it, but what about my smart TV business?" Shu Ya hasn't forgotten what Duke promised, and is still thinking about this smart TV, no way, Shu Ya has been relatively independent since she was a child, and she still hopes to be able to stand alone.

"That thing is also in progress now, there is still some distance from the establishment of the company, and we have to wait for the acquisition of the next suitable home appliance company, and use this home appliance company as a springboard. So you can do the things of this listed company first, my name is Cai Siqiang to recruit a group of professionals, set up this team as soon as possible, and we will start this process this year and strive to go public in the first half of next year. Duke said.

Since he has an expert in his family, this matter can be done immediately, for Shu Ya, Duke still admires it very much, this girl can be admitted to Harvard MBA with her real talent, and her IQ must surpass her very much, if there is no Kerry, a big killer, I can say nothing, it is estimated that it is good to be able to find a job as a coder.

What's more, there are a lot of things involved in listing, and intermediate interests are involved, if it is not Shu Ya, she has to come forward by herself, and her strengths are not above this at all, so Duke is very self-aware, and he still honestly does some research work, and it is more meaningful to communicate with his R&D team at any time to solve their practical problems.

Now there are three aspects of research and development in front of Duke, new materials, CPU and smart TV.

As for the troubled waters of the operating system, it can only be regarded as their side hustle, and I have time to go over to see if their research and development direction is right, and then see if the key algorithm is reasonable.

If the most important architecture and key algorithms are taken care of by themselves, and the rest of the things are not done well, it is really better for this operating system not to do it.

PS: The third update! Continue to cheer for the book friend "Beauty Jade"! Yesterday's accumulated plus more killed 1, leaving 9, but because the "beauty jade" brothers were so enthusiastic, they directly came to the two 888 rewards, and once again pushed the plus to two digits 11!

But the collection is very weak.,Can you brothers use it to change it to a collection to stun me? This is economical and environmentally friendly, flick the mouse, and shake the small hand on the right "add bookmark", you have me, everyone has it.