Reborn multinational giant

The prospectus is an important document disclosed to the Securities Regulatory Commission and the outside world by the company that is about to go public.

The content of this document includes company profile, brief history of development, business scope, business model, operating data, revenue and finance, management system, equity structure, potential risks and other aspects of information.

It can be said that a slightly knowledgeable investor or financial expert can look at a company by simply studying its prospectus.

The reason why the Securities Regulatory Commission set up this listing system is also to protect the interests of ordinary shareholders. If a listed company conceals or defrauds certain important information, causing many shareholders to suffer losses, then the company is likely to face prosecution or even return. City risk.

Therefore, people from all walks of life who are concerned about the listing process of Huizhong have found a lot of important information from this prospectus.

The first is the brief introduction and development history of Huizhong.

Huizhong is a large-scale mobile Internet company founded in Yanjing, China. Its main business includes mobile social networking, games, cloud computing, mobile application services and multiple investment businesses. Its market scope covers the world.

Huizhong was established in October 2008. As of July this year (2013), the following important events have had a vital impact on the development of Huizhong, and directly led to the current development of Huizhong today.

In October 2008, Huizhong was established in China and began to submit mobile games to Apple AppStore to generate revenue. The first mobile game operated by Huizhong was named "Fruit Games".

In December 2008, the public beta of Zhongle web game platform, Huizhong entered the web game industry.

In January 2009, the international version of "Happy Farm" began to be publicly tested in non-China regions. As of July 2013, "Happy Farm" had registered a total of 480 million players worldwide.

In February 2009, Huizhong established a mobile Internet business unit and began to develop and operate mobile application services. In the same year, it acquired and operated application distribution application 91 Assistant.

In May 2009, Huizhong established a third-party online payment company PayTong.

In June 2009, the internal beta version of WeChat was launched.

...... (I really want to list it again, but I'm afraid you say I am water)

In March 2013, the number of WeChat users worldwide exceeded 1 billion!

Reading through the introduction and brief history of Huizhong, all those who watched Huizhong grow up and didn't understand Huizhong's development history were silent.

Looking at the development history of Huizhong, everyone seems to have seen the history of the development and transformation of the Internet industry in China and even the global Internet industry in the past five years, and the history of the rise of the mobile Internet, and every important link in this process, every The tuyere and gold mine, Huizhong are "just right" to step on the spot.

Terrible, awesome, unbelievable, everyone finally intuitively and strongly felt Fang Banxian's forward-looking and predictable ability.

If it is not too outrageous, I am afraid that many people will believe that Fang Zhe is a rebirth from the future.

If this is not the case, why is Huizhong just stepping on the point every time it is deployed? How can Huizhong grow into a world-class multinational Internet company in just 5 years.

Looking further back, the shock people feel in this prospectus is far from that.

As of May 28, 2013, the total number of WeChat global users has exceeded 1.1 billion. Since Huizhong last announced in March that the number of WeChat global users exceeded 1 billion. In less than 3 months, the number of WeChat global users has exceeded 1 billion. Then it increased by 100 million!

People are finally aware of the horrible increase in WeChat users and the advent of the mobile Internet boom. Now it is almost three months since May 28. I am afraid that the number of WeChat users worldwide should exceed 1.2 billion. It is terrifying and unparalleled. Terrible.

Mr. Ali Ma, Mr. Li of Baidu, Mr. Ma of Tencent, and many other Internet companies' CEOs and senior executives, watching WeChat's user growth rate are silent, how do you feel that the user growth rate of others is like riding a rocket?

The growth rate of WeChat Horror users has been amazing, but seeing the revenue growth rate of Huizhong Games, everyone thought of a word in their hearts: Elephant dance!

For the whole year of 2012, Huizhong’s game business revenue was 68.5 billion, net profit was 32.225 billion, and net profit margin was as high as 47%, a year-on-year increase of 53%.

At the same time, in the first quarter results of 2013 announced by Huizhong, the game business revenue was 23.746 billion and the net profit was 11.229 billion, which was a 57% increase from the 15.125 billion in the first quarter of 2012 and a net profit of 6.975 billion. %.

The elephant dances, terrifying!

The rapid growth of WeChat users, the continuous increase in global smartphone shipments, the rapid increase in the number of mobile game users, and the continuous improvement of smartphone performance have driven the continuous upgrade of mobile games to medium-to-heavy krypton games. Elephant, dance lightly!

As for Huizhong's cloud computing business, mobile application services and investment business, even if it is just a simple listing and explanation, the number of relevant pages is as many as hundreds of pages.

The elite group that was in charge of this module in the six major industries has now collectively taken a one-month paid vacation. In the words of their boss: "If I knew this was a headache, even if I gave me two years of bonus Not coming!"

In addition to these company's business and financial-related data, what everyone is more concerned about or more curious about is the core data in this prospectus, the shareholding structure and the IPO instructions.

Huizhong’s total share capital is more than 2.8 billion shares. This listing is expected to issue more than 300 million shares, accounting for 10.7% of the total share capital. It is estimated that the amount of funds raised will not be less than 35 billion U.S. dollars. After the listing, Fang Zhe’s shareholding ratio will be changed from the previous 56.02% fell to 50.01%, the number of shares held was more than 1.4 billion, and other shareholders held the remaining 49.99% of the shares.

Seeing this shareholding structure, many people are silent. They are no longer shocked, but collectively silent.

Obviously, everyone understands that Fang Zhe’s extra 0.01% was deliberately done by Fang Zhe. No one thought that even after the dilution of the A round and two rounds of financing, Fang Zhe’s shareholding in Huizhong still exceeded 50%, which means that Fang Zhe still has absolute control over Huizhong, not to mention more than 90% of his voting rights.

Fang Zhe is Huizhong, and Huizhong is Fang Zhe!

The announcement of Huizhong's prospectus has disturbed and shocked the global Internet industry.

Whether it is Huizhong's amazing growth rate and huge development potential, or Fang Zhe's shareholding ratio in Huizhong, combined with the latest market valuation estimates of WeChat users exceeding 1.1 billion, Fang Zhe is worth more than 180 billion US dollars!

What Bill Gates, Buffett, what is the richest man in the world, in the words of a Chinese netizen: "You rubbish richest man, not even a fraction of our father's wealth!"

"Right, reader ba..."