See “online and offline”, you will think of this is a listed company securities abbreviation?
This is a mobile information service provider that will soon be listed on the Growth Enterprise Market. Its full name is “Wuxi Online-Offline Communication Information Technology Co., Ltd.” The company announced that it plans to issue new shares and go public in Shenzhen in the near future. The subscription date is March 11, and the planned maximum issue is 20 million shares, accounting for 25.00% of the total number of shares issued by the company.
Online and offline will soon land on the GEM
On March 9, the prospectus was disclosed online and offline, and the company planned to issue new shares and go public on the Growth Enterprise Market in the near future. The company plans to issue up to 20 million shares, accounting for 25.00% of the total number of shares issued after the company.
The online and offline offering price is 41 yuan, with the issuing price/earnings ratio of 56.88 yuan. The subscription date is March 11 (that is, this Thursday), and investors need to allocate a market value of 200,000 yuan with a maximum subscription limit of 20,000 shares.
According to the prospectus, the company has been deeply involved in the mobile information service industry for many years and is a mobile information service provider with rich experience in the industry.
Enterprise messaging service is the company’s main business, the company since its establishment has been engaged in enterprise message related business, using their own long-term accumulation of technology and system development based on the understanding of the business, the customer industry to include alibaba, tencent, huawei, netease, Shanghai dreams () a lot, with Cheng Yilong, jingdong, Shanghai raza (hungry?), sea-based points (boring headlines), han hai information (Meituan), baidu beat, bytes (trill, today’s headlines), the broad masses of customers to provide professional enterprise messaging service.
In addition, in the specific operation, the company provides customers with a full set of services around enterprise SMS, including the early commissioning and opening of the connection between customers and the company platform, the maintenance and upgrading of customer SMS operation system in the operation process, the solution of the delay in the process of SMS transmission and other problems, to ensure the smooth and fast transmission of SMS.
The online and offline fund is expected to raise 410 million yuan, which is planned to be invested in the construction project of enterprise communication management platform, the construction project of distributed operation network and the supplement of working capital.
In terms of performance, from 2017 to 2020, the online and online operating revenues were RMB 276 million, RMB 459 million, RMB 532 million and RMB 1.102 billion respectively, and the corresponding net profits attributable to the shareholders of the parent company were RMB 38.5344 million, RMB 55.1819 million, RMB 60.3842 million and RMB 83.3189 million.
For the company’s securities abbreviation, investors also launched a hot debate. Some investors said that “(the name) sounds like a bull” and “a good name”, while some joked that “this name is worth 120 (yuan)”, and some investors questioned “is it online or offline?” “What does the company do?”
What interesting acronyms do you remember for public companies?
People rely on clothes horse by saddle, for listed companies, an interesting securities abbreviation, to a certain extent to attract the attention of the market.
Review history, A shares have appeared A “name change” boom. By changing the abbreviation of securities to attract the attention of the market, the share price of a few companies also appeared in a short period of time to quickly pull up the situation.
According to Wind statistics, since 2015, A total of 1,358 companies have changed their securities abbreviations, involving 841 A-share listed companies.
Song Qinghui, an economist, pointed out that it is also the right of listed companies to change their names simply. At present, the regulatory layer on the listed company renaming no clear restrictions, as long as the listed company board of directors and other legal procedures, to the Bureau of Industry and Commerce can change registration. Part of the “tall” name of the enterprise, mainly out of the need for market value management, of course, with a loud name, disguised also played advertising, after all, this kind of name is more eye-catching, easy to spread.
Song Qinghui also pointed out that for the renamed enterprises, there may be speculation in the short term, this is the domestic A share market is not mature and rational side. However, in the long run, it is still necessary to consider the company’s performance and other comprehensive factors, some “precious” enterprises, the capital market price earnings ratio and other valuations, in the long run will not be too high, for listed companies, ultimately still need their own efforts.
In the Guidelines on Standardized Operation of Listed Companies on the Shenzhen Stock Exchange, revised in 2020, the Shenzhen Stock Exchange clearly stated that the company name after the change should match the company’s main business and should not be used to influence the company’s share price or mislead investors. If the stock trading of the listed company occurs abnormal after the disclosure of the relevant announcement of changing the company name, the Shenzhen Stock Exchange may request the company to conduct self-examination of the stock trading situation according to the circumstances. At the same time, the Shenzhen Stock Exchange may require the company to submit a list of insiders with inside information and conduct verification of the stock trading of the company according to the circumstances.
This also means that if the name change of a listed company causes abnormalities in the secondary market, the front-line regulatory authorities will step in and take measures as the case may be, so that there is no place to hide the irregularities.
Effective supervision, A – share renamed chaos also greatly improved. So far this year, as of March 9, only 39 companies have changed the securities abbreviation, accounting for 14.77% of last year’s total; If you exclude the ST companies, there are only 24.
article links：It's not even on the market yet, and it's already a hit!
Reprint indicated source：Shine Trader Limited Live information