Leidi.com Rakuten July 30
New Media Lab Limited ("New Media Lab" for short, 01284.HK) was listed on the Hong Kong Stock Exchange recently.
Xinchuan plans to issue a price of HK$0.92, and the net fundraising amount is HK$100 million.
The opening price of Xinchuan Planning on the first day was HK$0.88, a 4.3% drop from the issue price; as of today, Xinchuan Planning’s share price was HK$0.73, with a market value of HK$438 million.
Annual revenue of 240 million Hong Kong dollars
Xinchuan Planning is a digital media company, mainly providing integrated advertising solutions to advertisers including multinational brand owners, advertising agencies, small and medium-sized enterprises through digital media platforms.
Xinchuan plans to operate 9 media brands, including "New Holiday", "Oriental New Land", "Economy Weekly", "New Monday", etc. These brands provide a variety of content, from catering and popular attractions, gourmet food and Cooking, fashion apparel, beauty and travel, entertainment news, parent-child, electronic products and games and other fashion life, to designers and luxury brands, finance and investment related content.
According to the prospectus, the revenue of Xinchuan Planning in 2020, 2021, and 2022 will be 212 million Hong Kong dollars, 245 million Hong Kong dollars, and 241 million Hong Kong dollars respectively; the profits during the year will be 41.17 million Hong Kong dollars, 33.05 million Hong Kong dollars, and 39.43 million Hong Kong dollars.
Xinchuan plans to make adjusted profits of 41.17 million Hong Kong dollars, 42.41 million Hong Kong dollars, and 43.56 million Hong Kong dollars in 2020, 2021, and 2022, respectively. The adjusted profit margins are 19.5%, 17.3%, and 18.1%, respectively.
As of December 31, 2022, Xinchuan Planning held cash and cash equivalents of HK$19.93 million.
The executive directors of Xinchuan Planning are Huang Zhihui, Li Yipei, and Ms. Fan Minchang; the independent non-executive directors are Ms. Zheng Jiayu, Mak Jinzhao, and Niu Zhongjie.
After the IPO, Yang Shoucheng held 52.5% of the shares through The Albert Yeung Discretionary Trust; Li Yipei held 15% of the shares through Double Blossoms;
Ms. Li Lanjiao holds 7.5% of the shares through Double Fantastic, and public shareholders hold 25% of the shares.
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