Reported by Lei Jianping on March 17th
Beijing Gelingshentong Information Technology Co., Ltd. (abbreviation: "Greenshentong", stock code: "688207") was listed on the Science and Technology Innovation Board today.
Geling Shentong issued 39.49 yuan this time, issued 46.2452 million shares, and raised a total of 1.826 billion yuan.
The opening price of Gelingshentong was 38 yuan, a drop of nearly 4% from the issue price; the closing price was 37.46 yuan, a drop of 5.14% from the issue price; based on the closing price, the market value of Gelingshentong was 6.929 billion yuan.
Zhao Yong, the founder, chairman and CEO of Greenshentong, said at the listing ceremony that today, Greenshentong successfully landed in the capital market, which is an important milestone on our entrepreneurial journey and a new starting point. It carries the new dreams and journeys of Green people.
"As the first artificial intelligence company in China's A-share market, we will be thirsty for knowledge, humble in mind, stand at a new starting point, and then set off to the distance."
Agricultural Bank becomes a major customer
Founded in 2013, Geling Shentong has achieved mature applications in the three major fields of urban management, smart finance, and commercial retail.
According to the prospectus, Gelingshentong’s revenue in 2018, 2019, and 2020 was 51.9635 million yuan, 71.2107 million yuan, and 243 million yuan;
At the end of each reporting period, the book values of the company's accounts receivable were 58.63 million, 53.65 million and 68.299 million respectively, accounting for 112.83%, 75.34% and 28.14% of the current revenue.
Gelingshentong’s net losses in 2018, 2019, and 2020 were 74.5655 million yuan, 418 million yuan, and 78.2 million yuan respectively; the net losses after deducting non-existing expenses were 92.3 million yuan, 189 million yuan, and 100 million yuan, respectively.
Geling Shentong’s revenue in 2021 will be 294 million yuan, an increase of 20.95% from 243 million yuan in the same period of the previous year; the net loss will be 68.71 million yuan, a decrease of 12% from the previous year’s net loss of 78.2 million yuan.
Geling Shentong’s estimated revenue from January to March 2022 is about 54.52 million yuan to 66 million yuan. Revenue growth mainly comes from the fields of smart finance and urban management.
In the field of smart finance, the company's agricultural bank's security equipment project product orders have increased, and revenue is expected to increase significantly compared with the same period in 2021; in the field of urban management, the company's projects in Tianjin, Sichuan, Hebei and other places from January to March 2022 are expected to complete acceptance , the number of projects and the amount of orders are both higher than the same period in 2021.
From January to March 2022, the company expects that the net profit attributable to shareholders of the parent company will be approximately -19.6856 million to -13.1238 million yuan, and the non-net profit will be approximately -19.9088 million to -13.2726 million yuan. The loss is narrower than the same period in 2021. The main reason is It is due to the decrease in share-based payment expenses estimated to be amortized from January to March 2022 compared with the same period in 2021.
Sequoia Ceyuan is really a shareholder
Before the IPO, Zhao Yong indirectly controlled 36.19% of the company's voting rights through Shentong Zhishu, Lingtong Zhongzhi, Lingtong Laike, Lingtong Zhiyuan and Lingtong Shuyuan, and was the actual controller of the company.
Among them, Shentong Zhishu holds 22.53%, Lingtong Zhongzhi holds 6.86%, Lingtong Laike holds 2.73%, Lingtong Zhiyuan holds 2.52%, and Lingtong Shuyuan holds 1.55% %.
Sequoia Capital holds 13.99%, Ceyuan Ventures holds 9.99%, ZhenFund Ⅰ holds 7.99%, Aolin Spring holds 7.45%, Hyundai Motor holds 6.48%, Wisdom Cloud City holds Samsung Ventures holds 6.14% of the shares, Samsung Ventures holds 2.37%, and ZhenFund IV holds 0.44%.
After the IPO, Shentong Zhishu held 16.90% of the shares, Lingtong Zhongzhi held 6.86%, Lingtong Laike held 2.73%, Lingtong Zhiyuan held 2.52%, and Lingtong Shuyuan held 2.52% of the shares. 1.55%.
In addition, Sequoia Capital holds 10.49%, Ceyuan Ventures holds 7.49%, Zhen Fund I holds 5.99%, Aolin Spring holds 5.59%, and Hyundai Motor holds 4.86%; Wisdom Cloud Chengcheng holds 4.60% of the shares, Samsung Ventures holds 1.78% of the shares, and ZhenFund IV holds 0.33% of the shares.
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Lei Di was founded by Lei Jianping, a senior media person. If you reprint, please indicate the source.
