Revenue increased from 292 million yuan in 2016 to 425 million yuan in 2018, corresponding to a net profit increase from 13 million yuan to 109 million yuan.
Tomorrow at 9 am, Shanghai Jianqiao College, the largest private university in Shanghai, will be listed in Hong Kong. The IPO has a limited price of HK $ 6.05 and a net global fundraising of HK $ 550 million.
Data source: Phillip Securities
In today’s dark disk trading, it performed well, closing up 7.8% to HK $ 6.52. Therefore, there is a good chance that tomorrow will not break. At the same time, the performance of the entire education sector has been very good recently.
If the over-allotment right is exercised, the net proceeds will be HK $ 640 million. Funds will be used mainly for:
(1) Approximately 34.8% (approximately HK $ 190 million) is expected to be used for acquisitions or investments to expand the school network;
(2) Approximately 35.0% (approximately HK $ 190 million) is expected to be used mainly for campus construction projects and the purchase of furniture and equipment, including the construction of a multifunctional building for the Jewellery Institute for administrative and student practical skills training purposes , Two student dormitory buildings (which will increase our school’s admission capacity (that is, 4,000 people)), dormitory auxiliary buildings for laundry, dormitory management and other boarding related services, and underground parking;
(3) Approximately 20.2% (approximately HK $ 110 million) is expected to be mainly used to repay the current portion of short-term loans and long-term loans that are due;
(4) Approximately 10.0% (approximately HK $ 54.78 million) is expected to be used to supplement working capital and general corporate purposes.
In terms of cornerstone investors, Shanghai Jianqiao College has introduced three companies: State-owned enterprise Xiamen International Trade Education, A-share listed company Mengliu Furniture’s Mengliu Investment and Geometry Extension, investing US $ 20 million, 28,500,000 and 28 million Hong Kong dollars respectively. , Totaling HK $ 216 million, accounting forAccording to 35.7% of the total funds raised (not over-allocated).
In the shareholder structure of Jianqiao College, the founder Zhou Xingzeng holds 52.72% and is the largest shareholder; Zheng Xiangzhan holds 15.3% and is the second largest shareholder; Zhao Donghui holds 15% and is the third largest shareholder. Major shareholder. International Trade Education holds 6.5%, Dream Lily Investment holds 1.3%, Geotory holds 1.2%.
From the results of the past three years, its revenue has increased from 292 million yuan in 2016 to 425 million yuan in 2018, and the growth rate has dropped significantly from 22% to 19%; the corresponding net profit has increased from 13 million yuan to With a growth rate of 109 million yuan, the growth rate also declined, and it dropped from 254% to 137%.