Original title: Chuanyin holdings rose 96%, 30% higher than the opening price, and the trading was temporarily suspended
Chuanyin holdings is listed on the science and Innovation Board of Shanghai Stock Exchange today. The company's securities code is 688036, the issue price is 35.15 yuan / share, and the issue price earnings ratio is 42.78 times. At the opening of today's trading, the bidding of Chuanyin holdings opened 50.78% higher to 53 yuan, with a market value of 42 billion yuan. As of press time, Chuanyin holdings rose 96%, 30% higher than the opening price, and the trading was temporarily suspended.
Main business: since its establishment, the company has been committed to providing users in global emerging markets with high-quality multi brand intelligent terminals with mobile phones as the core, and providing users with mobile Internet services based on self-developed intelligent terminal operating system and traffic portal.
On September 28, some media reported that Chuanyin holdings was sued by Huawei for copyright ownership and infringement disputes, and the Shenzhen intermediate people's court has filed a case. The infringement lawsuit was exposed on the eve of listing, which attracted much attention from Chuanyin holdings.
However, according to the voice holding, the company's listing schedule has not been affected. According to the announcement of Chuanyin holdings on September 27, the company's shares will be listed on the science and Innovation Board of Shanghai Stock Exchange on September 30. After this issuance, the total share capital of the company is 80 million shares, of which the number of tradable shares with unlimited sales conditions in the initial stage of listing is 71.56285 million shares, accounting for 8.95% of the total share capital after this issuance.
In 2018, Chuanyin holdings shipped 124 million mobile phones. According to IDC statistics, the global market share reached 7.04%, ranking fourth, an increase of 3.09 percentage points over the 3.95% market share in 2016; India's market share reached 6.72%, ranking fourth; Africa has a market share of 48.71%, ranking first.
In 2018, Huawei's market share in Africa was only 4.05%; However, Huawei's actions may also make the management of voice holding feel 'great pressure'. Huawei recently launched an online platform 'Huawei Mall' in South Africa and other places to further increase market promotion.
In the Indian market, the market share of voice holding was only 6.72% in 2018, which was far lower than that of Xiaomi's 12.71%. Xiaomi established the Africa regional department in January 2019 and reached cooperation with the African e-commerce platform jumia for online product sales.
For Xiaomi group, Chuanyin holdings made such an evaluation in its prospectus: "in recent years, Xiaomi has vigorously developed the ecological chain business model by actively promoting offline channels and international expansion, and achieved a high market share in the mobile phone market at home and abroad." According to the 2019 semi annual report of Xiaomi group, as of June 30, 2019, there were 520 overseas Mi home stores, with a year-on-year increase of 92.6%, including 79 in India and more than 1790 Mi store stores focusing on second tier cities and rural areas in India.
The emerging market with a huge population base and rapid growth has become a battleground for mobile phone manufacturers. Chen Hang, an analyst at Southwest Securities, said that the population base of emerging markets such as Africa, South Asia, Southeast Asia, the Middle East and South America exceeds 3 billion, the level of economic development is low, the development of the mobile phone industry lags behind, and the per capita number of mobile phones is small. Emerging markets started late and have great development potential. There is room to increase the proportion of smart phones and demand for structural improvement.