"We don't produce water, we are nature's movers"
September 8
Nongfushanquan was officially listed on the Hong Kong Stock Exchange
On the first day of listing, Nongfushanquan opened high at 39.8 Hong Kong dollars, up 85.12% from its 21.5 HK$39.8 on the first day of listing, up 85.12% from the HK$21.5 issue price, with a total market capitalization of HK$445.292 billion. Company founder Zhong Glittering Glittering holds 84.4% of the shares, plus he also holds 74.23% of the shares of A-share-listed company Wantai Biologicals, and was once worth more than Jack Ma, Ma Huateng and became China's new richest man. However, with Nongfushanquan after the opening of the share price fell, glittering glittering richest only did half an hour. However, the matter of being the richest man for half an hour has a great significance in itself.
Farmers Spring has become the first consumer stock in Hong Kong stock market capitalization
Farmers Spring this listing in Hong Kong, by the market strong pursuit, the Hong Kong stock market new shares can rise so much is also very rare. Despite the high opening low, September 8 closing final report 33.1 Hong Kong dollars, but still 53.95% higher than the issue price.
Farmers Spring stock price chart
With the closing price, Farmers Spring total market capitalization of 370.3 billion Hong Kong dollars, ranked 22nd in the Hong Kong stock market, slightly lower than the China National Offshore Oil Corporation, more than the Budweiser Asia-Pacific, become Hong Kong stock market value of the first consumer stocks , ranked in the Farmers Spring before the financial, petroleum, as well as several well-known The company was preceded by finance, oil, and several prominent tech web companies (including Alibaba, Tencent, Meituan, Jingdong, Xiaomi, and NetEase).
Selling water, Nongfushanquan is indeed very profitable, according to the prospectus, the company's 2019 packaged drinking water gross margin as high as 60.2% .From 2017 to 2019, Nongfushanquan's revenues amounted to 17.491 billion yuan, 20.475 billion yuan, and 24.021 billion yuan, respectively, with a compound annual growth rate of 17.2%; Net profit, on the other hand, was 3.386 billion yuan, 3.612 billion yuan and 4.954 billion yuan.
Farmers Spring Co., Ltd. Hong Kong IPO prospectus
After a big rise in Farmers Spring valuation is not low, the closing price on the first day of listing, static price-earnings ratio of 66.97 times, this valuation in the Hong Kong stock market is quite high.
Such a high valuation reflects the market's pursuit of consumer companies, and Nongfushanquan has maintained the first market share of China's packaged drinking water market for eight consecutive years, the market has also given too high a valuation.
A shares, Hong Kong stocks consumer stocks are sought after
This situation is not only Nongfushanquan, catering leading enterprises Haidilao from September 2018 when the listing of 17.82 Hong Kong dollars, all the way up to September 8 this year to 51.45 Hong Kong dollars, a 2-year increase of 188%! , Haidilao's current static price-earnings ratio has been as high as 104 times, and, in the first half of this year, the company suffered a loss due to the impact of the epidemic, but it does not affect the share price rise. Haidilao founder and board chairman Zhang Yong and his wife Shu Ping have joined the Singaporean citizenship, in mid-August, Forbes released a list of Singapore's billionaires, Mr. and Mrs. Zhang Yong with a fortune of $19 billion to sit at the top of the list.
On the A-share market, the closing price of September 8, the production of soy sauce Haitian Taste Industry market value of 546 billion yuan, more than Sinopec, ranked 11th in the A-share market, Haitian Taste Industry's current dynamic price-earnings ratio of up to 83.94 times. Baijiu stocks are even bigger, with Moutai ranking first in the A-share market with a market capitalization of 2.15 trillion yuan, and Wuliangye surpassing PetroChina with a market capitalization of 861.4 billion yuan, ranking ninth in the A-share market.
Hong Kong and A-share market consumer stocks have risen sharply, market capitalization beyond the traditional financial, oil and other large-capitalization companies, in fact, reflecting a bullish on the potential of China's consumer market. Of course, consumer stocks are indeed overvalued at the moment, and there are research organizations that have released research reports suggesting that these stocks are not suitable for buying. Haitian taste industry from last Thursday, 3 consecutive days fell sharply. The company also opened high and closed low, and there is uncertainty about the future trend.
Grassroots entrepreneurs can succeed
Consumer stocks, especially food and beverage companies, have soared, generating a number of new millionaires, and Nongfushanquan's furtively glittering Zhong Glittering is still one of China's top three richest people, even though he's only been the richest person for half an hour. And, Nongfushanquan born dozens of billionaires at once.
This gives a lot of grassroots GEM opportunities, and it is interesting to note that some of the entrepreneurs of consumer companies do not have a high degree of education, let's just say Nongfushanquan founder Zhong glittering glittering.
1954
Zhong Glittering was born, dropped out of elementary school in the fifth grade, after the resumption of the college entrance examination for two consecutive years to participate in the college entrance examination, and ultimately had to devote themselves to the University of Television and Information Technology (UTIT).
In 1984
In 1988
The establishment of the Hainan Special Economic Zone set off a wave of Hainan Gold Rush, and glittering glittering to go to Hainan.
1993
Zhong Glittering set up a health care company called "Qingshengtang", which earned 10 million yuan a year from turtle pills.
1996
In Hangzhou, he invested in Nongfushanquan Co., Ltd. and created famous beverage brands such as Nongfushanquan, Nongfu Orchard, and Scream.
In 2001
Zhong furtively glittering through the permaculture, spent 17.1 million yuan to buy 95% of the equity of Wantai Biological. Wantai Bio's main business is to make in vitro diagnostic reagents and vaccines.
2020
Zhong Glittering began to enter the capital market, April Wantai Biological, to Zhong Glittering more than 80 billion yuan. With the listing of Nongfushanquan, he became the top three of China's rich list.
Haidilao founder Zhang Yong also grassroots birth, born in 1971 in Jianyang County, Sichuan, Zhang Yong, because of the family's economic difficulties at that time, can not support the school, coupled with junior high school results are not outstanding, so at that time in the arrangement of the parents in the A technical school to learn welding. After graduation, he became a welder, and his highest education level is just a junior college.
In 1994, Zhang Yong found three of his best friends at the time, put together 8,000 yuan, bought four hot pot tables, ready to run a hot pot restaurant, so the first Haidilao opened. 2018 listing, the number of Haidilao's restaurants has reached 320, with 2017 revenue, Haidilao ranked the world's Chinese food and beverage industry No. 1 .
There is also the SEC's Board of Review has passed the China Drinks Babi Foods Co Ltd , founder Liu Huiping is a junior high school student from Anhui Province, in 1998, carrying 4,000 yuan to break into the Shanghai Bund, the first time to open a baozi store after the failure of the indefatigable and then in Nanjing Road opened a "Liu Shi Da Bao" store, with a 70 cents steamed buns stabilized. Subsequently, "Bobby buns" more and more open, will soon become a listed company.
At present, the founders of a number of famous technology network companies in China, such as Ma Huateng, Ma Yun, Lei Jun, Robin Li, etc., are all university graduates, many of whom are schoolboys. The highly-educated pride of the sky can start a successful business, and like Zhong furtively glittering, Zhang Yong, Liu Hui Ping, such no high degree, no background of grassroots entrepreneurs, can also rely on the hands of success, that the market is fair , they are on the rich list can encourage more people to start their own business.
Gold Coast Studio
Author | Lian Jianming
Photos | Web
Editor | Liang Qun
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