Financial News
Written by: Ou Jiajun
2021-01-14 18:33
Last update date: 2021-01-14 18:33
Xingsheng Commercial (6668) offers shares from today to next Tuesday (19th). The offer price ranges from 3.2 to 3.88 Hong Kong dollars, 1,000 shares per lot, and an admission fee of 3,919 yuan per lot. It is expected to be listed on January 26.
The company intends to issue 250 million shares, a 10% public offering,
The company is a leading commercial operation service provider in the Greater Bay Area and manages multiple projects in other regions across the country. The group’s brand system mainly includes urban shopping malls "COCO Park", regional shopping malls "COCO City" and "iCO", The community-based shopping center "COCO Garden" and the high-end home furnishing shopping center "Third Space".
As of September 30, 2020, the group ranked first in terms of the number of shopping malls in operation in Shenzhen.
In terms of financial data, the company's total revenue from fiscal 2017 to fiscal 2019 was 278 million yuan (RMB. The same below), 329 million yuan and 387 million yuan, with a compound annual growth rate of 18%, and a net profit of 47.94 million yuan in the same period , 77.795 million yuan and 95.6 million yuan, with a compound annual growth rate of 37.7%.
In the first half of 2020, the company recorded a total revenue of 306 million yuan, a year-on-year increase of 6.7%, and a net profit of 90.141 million yuan, a year-on-year increase of 14.4%.
Cornerstone investors have a total of 4 companies, including Pilgrim Ever under New World Development, SCGC Capital under Shenzhen Venture Capital, Shenzhen Qichang with China Merchants as one of its shareholders, and Virtues Origin SPC managed by Twin City Capital.
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