Wang Sicong invested 60 million yuan in the New Third Board Film and Television Company, and its gross profit margin is far higher than the industry average

combing through the constellation Magic Mountain business, it was found that the company, founded in 2011, was listed on the new third board in May last year and is mainly engaged in the investment and production of TV series and online dramas. It is worth noting that the company "carried" a profit commitment of 50 million yuan before listing.

original title: Wang Sicong targeted the new third board film and television company to buy 60 million shares in Magic Mountain of the constellation

recently Wang Sicong has started a fire. This is not a star better than a star, the son of the richest man who is not an Internet celebrity but surpasses an Internet celebrity, in addition to amazing public opinion attention, his mind for making money is also commendable. Beijing Puth Investment Co., Ltd. (hereinafter referred to as Puth Investment) is famous for its precision and high returns.

however, the "Little Prince of Investment" also "treads on thunder". A few days ago, an investigation report pointed out that some shareholders of Jiuhao Group, including Prussian Investment, will be warned and fined 100000 yuan respectively because it is involved in the case of illegal information disclosure.

however, the above events have not hindered Wang Sicong's investment. Recently, the hottest news is that his company has bought a 60.2872 million yuan stake in the new third-board film and television company, Constellation Magic Mountain.

this is not the first time Wang Sicong has been interested in the new third board company. Previously, Hero Mutual Entertainment, in which Wang Sicong bought a stake, brought him a net profit of more than 50 million yuan, with a return on investment of 65%. Does Magic Mountain of this constellation also have this potential?

strong > performance increased sharply in 2016 / strong >

recently, a previously unknown new third-board film and television company disclosed the subscription announcement of its stock offering, and the existence of Tianjin Puth No.1 Asset Management Partnership (limited partnership) (hereinafter referred to as Puth No.1) has attracted much attention.

Company data show that the fund manager of the above-mentioned limited partnership is Tianjin Puth Asset Management Co., Ltd., and the shareholders of the company are Puth Investment and Wang Sicong respectively.

according to the aforementioned stock issue subscription announcement, Puth No. 1 subscribed for 1.138 million shares of Constellation Magic Mountain in cash at a price of 33.38 yuan per share, with a subscription amount of 40.2624 million yuan. In addition, Puth No. 1 accepted 566000 shares of Constellation Magic Mountain's controlling shareholder at a price of 35.38 yuan per share. A total of 60.2872 million yuan was invested on the two occasions.

the reporter combed the constellation Magic Mountain business and found that the company, which was founded in 2011, was listed on the new third board in May last year, and its main business is the investment and production of TV series and online dramas. It is worth noting that the company "carried" a profit commitment of 50 million yuan before listing.

according to the contents of the public transfer manual of Constellation Magic Mountain, the company introduced professional investment institutions in December 2015 and signed a supplementary capital increase agreement. it is agreed that the sum of the audited net profit of the company in 2015 and 2016 (whichever is the lower before and after deducting non-recurring profits and losses, but including tax refund) is not less than 50 million yuan. If the performance target is less than 90% of the minimum amount, the investor has the right to choose to ask the founder shareholders for cash or share compensation.

however, the under-pressure constellation Magic Mountain's performance in 2015 is not ideal, with a net profit of only 2.9684 million yuan as of October 2015 and only 13.7411 million yuan in the first half of 2016.

although the previous profit commitment was accompanied by the failure of the new third board of the constellation Moshan landing, it is worth mentioning that the performance of Constellation Magic Mountain increased significantly in the third quarter of 2016.

according to its third quarterly report, the company achieved a net profit of 55.6859 million yuan in the first three quarters of 2016, exceeding the amount previously promised, and the company's net profit growth rate was as high as 3327.77% during the reporting period.

strong > original title: once caught in cash flow predicament / strong >

the growing performance may be the key to win the favor of Wang Sicong. It is worth mentioning that the company, which has been invested by numerous investors, was once caught in a cash flow dilemma. In order to support the company's business development, the constellation Magic Mountain chairman's spouse used his real estate to pledge to obtain bank loans.

according to the Constellation Magic Mountain announcement, in December 2016, the company loaned 20 million yuan to China Merchants Bank Jinhua Branch to supplement the company's short-term liquidity. In order to successfully win the loan, Constellation Magic Mountain offered the rights to the TV series "Youth Huo Yuanjia" and "Smart Little Hollow" as collateral, while the controlling shareholder Duxiao also pledged its 2 million stake in the company.

this loan is guaranteed by Beijing Haidian Technology Enterprise financing guarantee Co., Ltd., and Duxiao provides a guarantee of personal joint and several liability while pledging its 4.6 million shares in Magic Mountain of the constellation to the company. in addition, her spouse Liu Lisa also mortgaged her real estate to Haidian Science and Technology guarantee, providing Haidian Science and Technology guarantee with joint and several liability counter-guarantee.

combing through the constellation Magic Mountain, it is not difficult to find that the company's net operating cash flow was once negative, and the arrival of "financiers" such as Wang Sicong may change this situation.

it is worth mentioning that although the TV dramas "Smart small empty", "Young Huo Yuanjia" and the online drama "Mr. Yin and Yang" produced by the constellation Magic Mountain are not very well known, their gross profit margin is much higher than the industry average. Among them, the gross profit margin of "Mr. Yin and Yang" is as high as 84.61%.

Edit: nancy