September 8
Nongfu Spring was officially listed on the Hong Kong Stock Exchange.
On the first day of listing, Nongfu Spring opened higher at HK$ 39.8, 85. 12% higher than the issue price of HK$ 210.5, with a total market value of HK$ 445.292 billion. The founder of the company, Zhong Guo, holds 84.4% of the shares, and he also holds 74.23% of the shares of Wan Tai Bio, a A-share listed company. At one time, he surpassed Ma Yun and Ma Huateng and became the new richest man in China. However, with the share price of Nongfu Spring falling after the opening, the richest man in Zhong Shanshan only worked for half an hour. However, the matter of being the richest man for half an hour is of great significance in itself.
Nongfu Spring became the first consumer stock in Hong Kong stock market value.
Nongfu Spring's listing in Hong Kong this time has been strongly sought after by the market, and it is rare for new shares in Hong Kong stock market to rise so much. Although it opened higher and went lower, it finally closed at HK$ 33./kloc-0 on September 8, but it still rose by 53.95% compared with the issue price.
Nongfu Spring Stock Price Trend Chart
Based on the closing price, Nongfu Spring has a total market value of HK$ 370.3 billion, ranking 22nd in the Hong Kong stock market, slightly lower than China Offshore Oil, and surpassing Budweiser Asia Pacific, becoming the first consumer stock in the Hong Kong stock market. Before Nongfu Spring, there are finance, oil and several famous technology network companies (including Alibaba, Tencent, Meituan, JD.COM, Xiaomi and Netease).
Nongfu Spring, which sells water, is really profitable. According to the prospectus, the gross profit margin of packaged drinking water in 20 19 was as high as 60.2%. From 20 17 to 20 19, the income of Nongfu Spring was 174.9 1 billion yuan, 20.475 billion yuan and 24.021billion yuan respectively, with a compound annual growth rate of17.2. The net profit was 3.386 billion yuan, 3.6 36. 12 billion yuan and 4.954 billion yuan respectively.
Nongfu Spring Co., Ltd. IPO prospectus for Hong Kong stocks
After the surge, the valuation of Nongfu Spring is not low. Based on the closing price on the first day of listing, the static P/E ratio is 66.97 times, which is quite high in Hong Kong stocks.
Such a high valuation reflects the market's pursuit of consumer companies, and Nongfu Spring has maintained the first market share of packaged drinking water in China for eight consecutive years, and the market has also given an overvaluation.
Consumer stocks of A shares and Hong Kong stocks are sought after.
This situation is not only Nongfu Spring, but also Haidilao, a leading catering enterprise, rose from HK$ 17.82 when it went public in September 20 18 to HK$ 510.45 on September 8 this year, with a two-year increase of HK$ 188%. At present, the static P/E ratio of Haidilao has reached/kloc-0. Zhang Yong, founder and chairman of the board of directors of Haidilao, and his wife Shu Ping have been naturalized in Singapore. In mid-August, Forbes released the list of Singapore's richest people, and Zhang Yong and his wife firmly topped the list with a net worth of19 billion US dollars.
In the A-share market, based on the closing price on September 8, the market value of Haitian Weiye, which produces soy sauce, is 546 billion yuan, surpassing China Petrochemical, ranking 1 1 in the A-share market, and the current dynamic P/E ratio of Haitian Weiye is as high as 83.94 times. The stock market value of liquor is even greater. Kweichow Moutai ranks first in A-shares with a market value of 2 2. 15 trillion yuan, while Wuliangye ranks ninth in A-shares with a market value of 86 14 billion yuan.
Consumer stocks in Hong Kong stock market and A-share market both rose sharply, and their market values surpassed those of traditional large-cap companies such as finance and oil, which actually reflected their optimism about the potential of China's consumer market. Of course, at present, consumer stocks are indeed overvalued, and some research institutions have released research reports that these stocks are not suitable for buying. Haitian weiye has fallen sharply for three consecutive days since last Thursday. Nongfu Spring is also high and low, and there is uncertainty about its future trend.
Grassroots entrepreneurs can also succeed.
The share prices of consumer stocks, especially food and beverage companies, have soared, resulting in a group of new rich people. Although Zhong Shanshan of Nongfu Spring has only been the richest man for half an hour, he is still the top three richest men in China. Moreover, Nongfu Spring suddenly gave birth to dozens of billionaires.
This provides opportunities for many grass-roots growth enterprise markets. Interestingly, some entrepreneurs of consumer companies do not have a high degree of education, so they say that Zhong Guo, the founder of Nongfu Spring.
1954
Zhong Shanshan was born and dropped out of school in the fifth grade. After resuming the college entrance examination, he failed to take the college entrance examination for two consecutive years, and finally he had to join TV University.
1984
1988
The establishment of Hainan Special Economic Zone set off a wave of gold rush in Hainan, and Zhong Shanshan resolutely went to Hainan.
1993
Zhong Shanshan set up a health care product company "Health Care Hall", and earned10 million yuan a year with turtle pills.
1996
Invested in the establishment of Nongfu Spring Co., Ltd. in Hangzhou, and created famous domestic beverage brands such as Nongfu Spring, Nongfu Orchard and Scream.
200 1 year
Zhong Shanshan spent17100000 yuan to buy 95% equity of Wan Tai Bio through the Health Care Hall. Wan Tai Bio's main business is to make in vitro diagnostic reagents and vaccines.
the year of 2020
Zhong Shanshan began to enter the capital market. In April, Wan Tai Bio brought more than 80 billion yuan of wealth to Zhong Shanshan. With the listing of Nongfu Spring, he became the top three in China's rich list.
Zhang Yong, the founder of Haidilao, was also born at the grassroots level. He was born in Zhang Yong, Jianyang County, Sichuan Province in197/0. At that time, because his family was in financial difficulties and could not support his studies, and his junior high school performance was not outstanding, he studied welding in a technical school under the arrangement of his parents. Becoming a welder after graduation, the highest education is only secondary school.
1994, Zhang Yong found three of his best friends at that time, scraped together 8,000 yuan, bought four hot pot tables, and prepared to run a hot pot restaurant. In this way, the first Haidilao opened. When it went public in 20 18, the number of restaurants in Haidilao had reached 320, and in terms of 20 17 revenue, Haidilao ranked first in the global Chinese catering industry.
Liu Huiping, the founder of Zhongyin Babi Food Co., Ltd., which has been approved by the issuance and examination committee of the China Securities Regulatory Commission, was a junior high school student from Anhui Province. 1998, he went to Shanghai with 4,000 yuan. After failing to open a steamed bun shop for the first time, he relentlessly opened a shop named "Master Liu's Big Bag" on Nanjing Road, and gained a firm foothold with a steamed bread of 70 cents. Subsequently, "Bobby Steamed Bread" opened more and more, and will soon become a listed company.
At present, the founders of a number of famous science and technology network companies in China, such as Ma Huateng, Ma Yun, Lei Jun and Li Yanhong, all graduated from universities, and many of them are top student. Highly educated favored people can succeed in starting a business, while grassroots entrepreneurs like Zhong Shanshan, Zhang Yong and Liu Huiping who have no high education and background can also succeed with their hands, which shows that the market is fair, and their being on the rich list can encourage more people to start a business.
Jin coast studio
Author | Lian Jianming
Picture | network
Compilation | beam group