The ChiNext is a secondary stock trading market.

Unlike the motherboard, its requirements for listing are more relaxed, mainly reflected in the requirements of establishment time, capital scale, medium and long-term performance, etc.

The core asset that the entertainment sector values ​​is the celebrity talents it recruits. Having heavyweight stars in charge is not only a guarantee for enterprises to obtain stable income, but also its capital for telling stories in the capital market, which is conducive to bringing them a higher valuation.

Entertainment and media are light assets.

With the rapid growth of China's economic scale, the capacity of the film and television entertainment product market will inevitably grow accordingly, and the space is very huge. Based on this expanding market, the growth model of film and television entertainment companies is becoming more and more changing, and the ability to make sustainable profits is becoming stronger and stronger.

Therefore, investors dare to use a price-to-earnings ratio of more than five times to read the future of the film and television entertainment sector.

This was what Tang Ningyu told him before Yuehua went public...

...

There are 28 companies listed on the GEM. The Shenzhen Stock Exchange cannot accommodate so many companies at the same time to hold the opening ceremony, so it has to move to the Wuzhou Hotel in Shenzhen.

A super large conference hall, full of seats for 500 people, a high platform in front, with electronic display screens on both sides, and a back panel in the middle, with a line of large characters written on it: The listing ceremony of the first batch of companies on the GEM.

In addition to the chairman of 28 listed companies participating in the listing ceremony of the first batch of GEM companies, the heads of major securities companies, funds and venture capital companies also included.

The regulatory leaders attending the ceremony included Zhou Xiaochuan, President of the People's Bank of China, and Liu Xinhua, Vice Chairman of the China Securities Regulatory Commission.

On a very formal occasion, Zhang Junsheng attended in a natural outfit, sitting upright, without looking sideways...

I feel like I dreaming of returning to elementary school...

He did everything exactly as the host told him. When he said he would line up, Zhang Junsheng lined up honestly. When he said he would ring the bell, he smashed the hammer with a hammer...

At 10 o'clock, when the last bell dissipated, the screen of the electronic display suddenly changed and changed to the real-time trend of the stock market...

“…What does this mean?”

Xiao Zhang's mother really knows nothing about stocks, but Zhang's father's eyes are always staring at the data representing Yuehua Media...

“We are rising…”

Concise and concise.

"oh…"

At this moment, the data came out and the host immediately announced: "The average increase of the opening of 28 stocks reached 48%! Among them, the highest increase was Yuehua Media, with the issue price of 49.58 yuan and the opening price of 79.86, an increase of 61%!"

“Wow!”

The audience cheered, which felt a sense of déjà vu as "The Great Era"...

Zhang Junsheng is estimating the closing price.

Before the listing, the industry set a reasonable price for Yuehua was 35-55 yuan. The trading advice for the first day was: you can participate below 65 yuan, and sell it if it exceeds 65 yuan. Now it is 79.86 yuan. Don’t be too sour when you hit the market...

The name of the first entertainment stock is that it is very attractive!

Add to this group of celebrity shareholders who have been bound...

By the way, there is also the reputation of "Racing", which has a win-win box office...

So, a big rise is certain!

Yuehua's stock is indeed like it's drugged, soaring all the way...

80.14;

88.65;

92.56…

It was about to break a hundred, but the number suddenly stopped, 95.832…

Immediately afterwards, the Shenzhen Stock Exchange announced: "The transaction price of Yuehua Media has increased by or exceeded 20% compared with the opening price. According to the relevant provisions of the "Notice on Trading Monitoring and Risk Control on the First Day of Listing of Initial Public Offering of the ChiNext", the Exchange has temporarily suspended the stock from 10:58:38 today and resumed trading at 11:29."

"Let's go, go for dinner!"

Regular operation…

In order to warn and prevent the risk of excessive speculation on the first day of listing of GEM stocks, Shenzhen Stock Exchange clearly stipulates that when the intraday transaction price of the stock on the first day of listing reaches or falls to or exceeds 20% compared with the opening price of the day, the Shenzhen Stock Exchange may temporarily suspend trading for 30 minutes;

When the first rise or fall reaches or exceeds 50%, the Shenzhen Stock Exchange may temporarily suspend trading for 30 minutes;

When the first rise or fall reaches or exceeds 80%, the Shenzhen Stock Exchange may temporarily suspend trading until 14:57...

...

I had lunch a bit careless...

Even Zhang's father didn't understand Yuehua's stock price very much...

The rise is too great. Although the industry is generally optimistic about the ChiNext, it has made a valuation of more than 80% of the price-to-earnings ratio for Yuehua.

However, the opening directly exceeded 60%...

His previous estimate was more than 20%...

It seems that entertainment is really a big deal!

As for Zhang's mother, she was confused throughout the whole process, while Zhang Junsheng remained silent, not knowing what she was thinking...

In the afternoon, just after the opening, Yuehua's stock began to fall, fell to 85.56, and rose again, rising all the way to 104.27...

The closing price at three points has increased by 210% compared to the issue price!

What concept?

In just six hours, Yuehua's market value has been realized, exceeding 45 billion!

Equivalent to 200 Sakura Emperor Entertainment!

Zhang Junsheng's net worth is more than 19.1 billion!

The shares held by Zhang’s father are worth more than 5.4 billion; the mother of Zhang has 2.6 billion...

Not only that, the company's executives, celebrity shareholders and celebrity shareholders have also doubled their value.

Especially Xu Yan, 8 million shares, worth more than 800 million...

Even Brother Xun, who symbolically bought 50,000 shares, made a profit of more than ten times!

In fact, before the official listing, Zhang Junsheng always felt that he was living a good life, was promising in his youth, made movies, soccer stars, and did business, and all the best...

Now it seems that I am really cute...

Let’s see how the big guys play? Cash out directly when you go public!

The leeks that cut investors' leeks are also regarded as the stock god by investors!

...

"To be honest, this achievement still puts a lot of pressure on us. We hope to use good performance to return to investors. The funds raised this time are mainly used to produce content!"

During the interview with the reporter, Zhang Junsheng smiled brilliantly.

Nonsense, your value soars, and anyone will be in a good mood!

"content?"

"Yes! Film and television production is essentially a content industry. We have always wanted to build a content industry chain belonging to Yuehua, but unfortunately there is not enough funds. Now, we will promote Huayue Video's independent online drama project!"

"In addition, we will focus more on film and theater construction. The current market conditions are getting better and better. Maintaining the brand belonging to Yuehua is the focus of the next development!"

"Will Yuehua Media have some mergers and acquisitions in the future?

"I think there will be something, there will be something!"

Yuehua's successful listing taught a good lesson to film and television companies that mainly focus on traditional business models.

Why is it listed?

Raise funds, make up for shortcomings, and expand the industrial chain.

Yuehua itself already has a relatively complete industrial form, so the gap will be even bigger!

In addition, the saying "There will definitely be mergers and acquisitions" makes everyone in the industry even more insecure...

Small and medium-sized companies dare not expect too much, they can only envy, jealousy and hate, while those large companies of similar scale are all surging undercurrents.

Dongyang Media, Huang Zhonglei is pacifying Ma Xiaokang:

"They go public, we also go public. They spend the money of investors, and we also spend the money of investors! Now is the era of capital competition, especially in the film and television industry. Whoever is willing to spend money can earn back ten or a hundred times."

Why comfort?

Because someone from Yuehua has come into contact with Ma Xiaokang!
Chapter completed!