IPO of Technology Shanghai Stock Exchange was approved last year with revenue of 1.2 billion and net profit of 70 million.
on July 28, the CSRC formally approved the application for listing on the Shanghai Stock Exchange. Palm Technology plans to issue 40 million new shares in this listing, with a total share capital of 400 million shares, with Huatai United Securities as the lead underwriter.
news on July 28, the CSRC formally approved the application for listing on the Shanghai Stock Exchange.
according to the news released earlier, Palm Technology intends to issue 40 million new shares in this listing, with a total share capital of 400 million shares, with Huatai United Securities as the lead underwriter.
according to the prospectus, Palm Technology's main business is Internet digital reading service and value-added service. According to a recent report released by Trustdata, Palm Reader is currently number one in the mobile reading market.
however, at present, the main business income source of palm reading technology is relatively single, mainly from digital reading business. The details are as follows:
in the past three years, more than 90% of the revenue from palm reading technology depends on digital reading. The revenue model of digital reading service business is that users recharge to buy virtual currency "reading cake" in digital reading platform "palm reading" and other products, and consume "reading cake" to buy books, magazines and other digital content.
it is worth mentioning that Palm Technology also stated in the prospectus that in the iOS platform, APPStore is the only official app distribution platform for Apple, and APPStore strictly regulates intra-app payment, so users who pay for books in the iOS version of "Palm" APP must go through the APPStore payment channel. APPStore receives 70% of the user's top-up according to the proportion of 30% and 70%.
in terms of performance, the main financial data of Palm Technology in the past three years are as follows (in 10,000 yuan):
the revenue in 2014, 2015 and 2016 was 419 million yuan, 639 million yuan and 1.197 billion yuan respectively, and the net profit was 57.45 million yuan, 29.56 million yuan and 77.2 million yuan respectively.
at present, Palm Science and Technology has a total of seven major shareholders. The company's controlling shareholders and actual controllers are Zhang Lingyun and Cheng Xiangjun. Zhang Lingyun and Cheng Xiang are all acting in unison, holding a total of 66.07% of the shares of the company and jointly controlling the company.
before taking charge of the restructuring of science and technology shares in June 2015, Zhang Lingyun was the chairman of the company, and Cheng Xiang was the director and general manager of the company. since the share restructuring in June 2015, Cheng Xiang has been the chairman and general manager of the company. Zhang Lingyun served as a director of the company.
according to the prospectus, the number of monthly active users of palm technology reached 93.63 million in 2016, up from 42.05 million in 2014 and 70.88 million in 2015.
the number of top-up users of palm technology also increased significantly in 2016, with 13 million in 2014 and 2015, and 24 million in 2016.
Edit: mary