Category: Money tips Release Date: 2007-02-05
A lot of color to give a new focus (360.HK) unusual personality, such as Shanghai-Taiwan Business Venture story alone, Taiwan's low-key participation of institutional investors, their fog-like maneuvers and transfers, as well as looming mystery investor
Author: Articles Contributing Authors Xu Xun / text
Grand Shanghai the number of car beauty shops? You guess. The year 2004 was 6,500 more than the amount of car ownership in Shanghai has exceeded 100 million units, which mean that on average each car beauty shop for over 150 cars to do service.
Wash cars, each 10 yuan, the Shanghai Automotive Beauty week, there are 1,000 million in cash flow, if coupled with some vacuuming, waxing and the fee is 10 yuan several times a week a conservative estimate of the Shanghai Automotive Beauty the amount of the cash flow industry, 3,000 million yuan. This does not include repair, maintenance, and only routine maintenance item.
Some people say that I have to do a chain, it is Shanghai's largest, it can become a public company. People in Taiwan Wei-pil did this year, in February, he raised a big hand to China's first automotive after-market services, new focus for the main business of the Automotive Technology Holdings Limited, into the Hong Kong main board, a fund-raising 74.7 million yuan, completing a Taiwanese businessman in Shanghai in entrepreneurial story.
A particular listed company Everything seemed to shine, car washing can be done in Hong Kong listed company itself is incredible, the huge China, tens of thousands of cities in developed coastal areas, hundreds of thousands of car beauty shop, but only that spent 10 years in Shanghai, a Taiwan businessman who did .
April 25, the new Focus (360.HK) announced 2004 annual results, operating income reached 357 million, up 20.15%, net profit of 50.33 million yuan, an increase of 1.99%. This makes the outside world even see surprise, its only 39 car beauty chain operations (including the three franchise stores), but they can earn profits of 50 million!
Is certainly a very strange phenomenon: a new focus for 2002 is only five stores, operating income of 919,000 yuan, accounting for 0.5% of the company's overall revenue, a loss of 540,000 yuan in 2003, revenues grew faster, 16-store revenues of 8.767 million yuan , accounting for 3% of the company's overall revenue, but still a loss of 27 million yuan in 2004 had reached 37 stores, car beauty Operating income increased 82% to reach 15.95 million yuan, accounting for 4.5% of the company's annual revenue, but still a loss of 5.891 million yuan .
A loss year after year under the car beauty, how to reach the other side of Hong Kong-listed? Hong Kong main board requires at least three consecutive years profits, accumulated profits to reach 50 million yuan. New focus of the operation of the sky-where?
Let us look at its annual sales record: It has been profitable since 2001, steadily Dangdang, an average of 27% gross margin, net profit margin is also 15% -17%, mainly in automotive parts: a patented electronic converters, multi - functional power supply, lights, etc. Eighty per cent of exports of Europe and the United States. This should be the mainstay.
Why go to Hong Kong-listed when the years of loss-making car beauty make name for itself? This is a very special location.
2004 Annual Report, the beauty of the vehicle as well written as revenue growth, but the loss of "storing too deep," until finally a "business volume, revenue and classification of information" section to find.
The Take "China's first overseas-listed auto beauty chain" concept is so special, but also from Shanghai, China's most cattle the first car beauty chain, its meaning is entirely different. This is a big one for future space market in the prospectus, the new focus that will be in Shanghai, Jiangsu and the establishment of 120 chains, the formation of Jiangsu and Zhejiang region's largest body.
Born and for this a series of investment, capital reorganization of the operation began. Once again, we can see that an ambitious business strategy and the capital of a group of passengers, they have all along been two "puzzle."
