But then again, how to valuation a company in China is actually a "metaphysics", and some companies use this "metaphysics" to make money.

Because the essence of the company's valuation is to determine the price of equity financing to determine the price of the enterprise.

This is very subjective.

After all, even if it is a leather company, as long as the investor thinks it is worth 100 billion, and is willing to take a 100 million in exchange for 10%of the shares.

Well, literally, the valuation of this bag company is 100 billion!

Therefore, the chaos of the valuation of film and television companies is very common in the industry, because the more subjective things, the easier it is to breed the foam.

Of course, it will not be so rude in actual operation.

Because under the invention of economic experts, the indicator of P / E ratio can be flexibly hidden under the cold data.

It is precisely for this reason that many industries in our country, whether it is listed or not listed, is not a Internet company or a film and television company. Most of them have a very exaggerated price -earnings ratio.

The price -earnings ratio from 8 to 200 times is available !!!

The fundamental fundamental is because their "subjective expected value" is much higher than its "actual value"!

Of course, there are irregular gameplay, formal and formal gameplay.

From the current point of view, the film and television industry can be said to be the foundation of Gao Fei.

Therefore, Gao Fei naturally does not kill chickens and eggs, playing the drama that has an overdraft vitality.

And Wanda and Penguin are preparing to invest in Zhou Yi, nor do they want to make money, or to improve the life of the boss.

Although Gao Fei does not know much about the development plan of these two companies.

However, through communication with the person in charge of both sides, he can probably determine that Wanda and Penguin do strategic investment this time, not financial investment.

Therefore, in all, the differences between the two sides are not very large.

Nympho

The next day, 4pm.

When the door of the conference room was finally closed for a long time, Zhou Yi, who was working outside, couldn't help but tighten.

Although Gao Fei did not propagate, there was no ban on news.

Therefore, at the moment, Zhou Yiying almost knew that Zhou Yi was about to usher in the first round of financing.

So even the people with big hearts, at this moment, have some unintentional work.

After all, the discussion in the conference room is related to the money of all of them!

Fortunately, Gao Fei did not disappoint them after all.

I saw that after the door of the conference room opened, Ye Ling, the person in charge of the Wanda Cinema Line, stood at the door and held Gao Fei's hand with a lot of emotion:

"President Gao really surprised me today!"

"Sure enough, the hero is a teenager. Admire, admire!"

After hearing this, Gao Fei smiled without any concealment, and then patted the shoulder of Ye Ling enthusiastically:

"Mr. Ye has won the prize, and Zhou Yi has to rely on more photos in the future!"

"I wish us a happy cooperation!"

After a few words of guests, Gao Fei watched the Wanda team with a smile on his face.

Seeing this, the staff on the side did not understand that they must be negotiated, so they couldn't help cheering immediately.

But they were just curious about the specific details, but instead more and more claws scratched.

So when Han Li sent the guests back, the group of small assistants from the Ministry of Economic Affairs surrounded her even if she got up.

It ’s coquettish and cute, it’ s almost all of them. For a while, Han Li could n’t cry and laugh.

But seeing them really curious, Han Li didn't sell Guanzi after thinking about it. After all, even if she didn't say it now, she would issue an announcement later.

So she was helpless when she was smiling at the corner of her mouth:

"Okay, don't shake it, it's scattered when you shake it!"

After suppressing a few small assistants, Han Li couldn't hide the joy of joy to tell the final result of this financing.

That is: Wanda Cinema Line and Penguin Venture Capital will acquire 10%of Zhouyi Film and Television's shares at a valuation of 5 billion.

In other words, this financing Zhouyi Film and Television raised a total of 1 billion funds.

As Han Li's words came out, whether it was the old employee of Zhou Yi or the new employee who came in behind, she couldn't help but be at a loss.

Even though they knew a lot of money made by the company's movies and TV series last year, this could not change the fact that Zhou Yi was on the verge of closure a year ago.

But now it has passed just a year. At the time, the company that was acquired by 320 million was worth 5 billion?

Whoever changes this is probably slow, you need to know that even if you are grabbing money, it is not so fast!

It's just that these employees don't know that Zhouyi's 5 billion valuation seems exaggerated, but this is actually a very conservative valuation.

Because Zhou Yi ’s net profit last year was 463 million, on this basis, Zhou Yi’ s financing PE was only 10 times.

That is, Zhou Yi and Wanda, no penguins want to play a game of drumming flowers, otherwise they will change a person, such as Wu Kubo, who is orange, then he will definitely make this number more than billions of more.

Of course, Gao Fei also likes money, so he tried to raise valuations during the negotiations, but although He Wanda and Penguin were willing to pay for high valuations, the premise was to get more shares.

This is equivalent to giving Gao Fei a choice.

If he wants to cashed out immediately, maybe the valuation may reach 10 billion.

The premise of doing so is that he must hand over Zhou Yi's controlling stake and become a small shareholder with peace of mind.

And Gao Fei naturally does not allow such a situation.

So in the conference room, the two sides almost fought around the valuation.

Of course, in the end, a agreement that both parties can accept.

Nympho

At the same time, the president's office.

When Han Li returned, he saw Jiang Hong still say something with regret.

So after she closed the door with her hands, she immediately shook her head and shook her head:

"I think this result is pretty good."

"You know that Huayi was just listed at a valuation of 4 billion the previous year!"

"There is also an optical fiber media. I heard that the valuations given to them by major brokers this year are only 67 billion."

Speaking of which, Han Li sitting on the sofa couldn't help but satisfied with a lazy and laughed:

"Compared with them, this valuation is already good!"

I don't want Jiang Hong to hear the words but refute it directly:

"You also said it was the previous year, what is the market now? Can that be compared with the previous year?"

In Jiang Hong's view, as the domestic film and television market is getting red, the valuation of the subsequent film and television companies will inevitably become higher and higher.

Because they can easily complete the exaggerated profitability of the film and television companies in the previous few years.

Therefore, Jiang Hong felt that Zhou Yi had no need to be limited by cognition, and he should try boldly.

For Jiang Hong's point of view, Gao Fei actually agreed.

For example, if the Huayi brothers are listed this year, their listing valuation will only be more scary.

However, there are early advantages, and the benefits of late late.

Many things have to be seen from two angles.

Just like this time, although Gao Fei seemed to be conservative in valuation, he got what he wanted.

Because in addition to the implicitly needed cash, Wanda and Penguin also agreed to provide the same value of cinema support and publicity resources.

And this is the reason why Gao Fei finally loosened, because some things can't be bought with money ...
Chapter completed!