Leidi.com Lei Jianping September 18
Zhongxu Future (09890.HK), the controlling entity of the Tanwan gaming brand, released prospectus information today. The company’s issuance range is from HK$11 to HK$14.
Zhongxu Future plans to sell 18.976 million shares globally from September 18 to September 21, raising a maximum of HK$266 million.
The cornerstone investors of Zhongxu Future include Shangrao Gaoyuan Investment, 4399, Longxin, and Aofei International. The above-mentioned investors subscribed for a total of HK$88.91 million.
Among them, Rao Gaochan Investment subscribed for HKD 32.59 million, 4399 subscribed for HKD 31.35 million, Longxin subscribed for HKD 15.67 million, and Aofei International subscribed for HKD 9.31 million.
Zhongxu Future is expected to be listed in Hong Kong on September 28, 2023.
Revenue in the first four months was 2.448 billion, down 14% year-on-year
Zhongxu Future mainly operates the company's interactive entertainment business under the "Wanwan Games" brand and is committed to marketing, operating and incubating our authorized or owned interactive entertainment products for Chinese players.
As the leading product in the era of domestic web games, "Blue Moon" was once very popular. Its classic advertising slogan is "I am a scumbag. If you are a brother, come and kill me."
The prospectus shows that Zhongxu Future’s revenue in 2020, 2021 and 2022 will be 2.872 billion yuan, 5.736 billion yuan and 8.817 billion yuan respectively; gross profits will be 2.439 billion yuan, 4.738 billion yuan and 6.41 billion yuan respectively; profits during the period will be respectively It was -1.3 billion yuan, 616 million yuan, and 492 million yuan.
Zhongxu Future's revenue in the first four months of 2023 was 2.448 billion yuan, a decrease of 14% from 2.847 billion yuan in the same period last year; net profit was 242 million yuan, compared with 125 million yuan in the same period last year.
Most of Zhongxu Future's profits in 2022 will come from other income and gains, reaching 293 million yuan. Other income and gains in 2022 mainly reflect Zhongxu Future’s bank deposit interest.
Zhongxu Future's adjusted profits in 2020, 2021 and 2022 were 515 million, 628 million and 560 million yuan respectively; Zhongxu Future's adjusted profits in the first four months of 2023 were 330 million yuan, and the adjusted profits in the same period last year were 330 million yuan. 131 million yuan.
Century Huatong is a shareholder
On May 6, 2021, Shanghai Tianyou (a wholly-owned subsidiary of Century Huatong) acquired a 5% stake in Jiangxi Tanwan from the existing shareholders of Jiangxi Tanwan for a total consideration of 500 million yuan.
Century Huatong is a joint-stock company established in China and listed on the Shenzhen Stock Exchange (Shenzhen Stock Exchange code: 002602). Based on this calculation, Jiangxi Tanwan’s valuation reaches 10 billion yuan.
The executive directors of Zhongxu Future are Ms. Wu Xubo and Ms. Wu Xuan, and the independent non-executive directors are Ms. Song Sijun, Ms. Qin Yongde and Ms. Zheng Yi.
Wu Xubo is the chairman, chief executive officer and executive director of the company, and Ms. Wu Xuan is the chief operating officer and executive director of the company.
Before the IPO, Wu Xubo held 51.267% of the shares, Ms. Wu Xuan held 7.4665% of the shares, Luo Xihu held 4.85% of the shares, and other key employees held 20.4185% of the shares;
Ms. Chen Wei holds 4.365% of the shares, Qu Jiajia holds 3.395% of the shares, Century Huatong holds 4.85% of the shares, and ESOP BVI holds 3.388% of the shares.
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