According to the IPO, the HKEx once again submitted the prospectus to the Hong Kong Stock Exchange on Friday night (September 20). In September last year, Master Lu submitted the prospectus to the Hong Kong Stock Exchange for the first time. In less than two weeks after the application was invalidated, he submitted the prospectus again in March this year. However, the prospectus submitted this time was again this week. Invalid.
Editor’s note: This article is from WeChat public account “IPO knows early” (ID: ipozaozhidao), author: Uncle C.
According to the IPO, the HKEx once again submitted the prospectus to the Hong Kong Stock Exchange on Friday night (September 20). In September last year, Master Lu submitted the prospectus to the Hong Kong Stock Exchange for the first time. In less than two weeks after the application was invalidated, he submitted the prospectus again in March this year. However, the prospectus submitted this time was again this week. Invalid.
The predecessor of Master Lu was “Z Weapon”, which was launched by the founder Lu Jin in the second half of 2008. In July 2009, it was officially renamed as “Master Lu”. It was originally a software that inspected and tried to repair hardware. . In 2010, after Lu Jin joined 360’s “Free Software Take-off Plan”, he sold Master Lu directly to 360 and cashed out. In 2014, Zhou Hongyi sent Tianye to take over Master Lu.
In 2017, Zhou Hongyi began to prepare 360 for Hong Kong stocks and US stocks while returning to A shares. Master Lu is the largest hardware and system evaluation supplier and plans to list on the Hong Kong Stock Exchange.
In the beginning, Master Lu accumulated the number of users through free tooling software, and implemented online advertising services and online game services based on user traffic to realize traffic realization.
After being merged into the 360 Group, 360 has also supported the company’s business.
When the user installs Master Lu, the 360 browser will be bundled, and the click of the 360 browser advertisement will also enable Master Lu to earn revenue.
In addition, under the takeover of the field, Master Lu began planning to shift the focus of his business from software services to sales of electronic devices, and to realize revenue through e-commerce business.
In terms of financial data, in the past three fiscal years of 2016, 2017 and 2018, Master Lu’s operating income was 69.812 million, 123 million and 320 million yuan respectively, and their corresponding net profit. They were 31.761 million, 56.267 million and 76.619 million yuan respectively.
Overall, the company’s revenue and earnings growth is very significant, stemming from Zhou Hongyi’s business model and products.