A summary of the collection
It is a provider of information technology services for China's power industry. its main task is to provide hardware systems and technical services to various power companies and power retail companies. through the provision of technicians related to the power trading platform for national power companies to enhance the management and control of technology services related to distribution and power trading.
The five major customers of the collection include Inner Mongolia Power Collection, National Power Company Collection, Tianjin Teda and Power parts system solution suppliers. In the year ended March 31, 2017, the five major customers accounted for about 97.23% of the total revenue.
Industry summary
In terms of revenue, the market size of domestic power equipment and information services has dropped from about 203 billion yuan in 2012 to about 14.9 billion yuan in 2016. With the further development of power retail companies, coupled with the demand generated by the management structure of major development companies, the domestic market for power components and information services is expected to grow at a compound annual growth rate of about 0.5% from 2017 to 2021 to about 152 billion yuan in 2021.
Cymbals
Valuation
As most of the hardware systems, technical services and hardware sales contracts are collected through the investment process, long-term contractual arrangements are established with non-customers.
As the industry in which you are located is affected by the industry standards of continuous development and government policies, the customers of the collection may change their mode of operation at any time, which may affect their business relationship and relationship with them in the future. The collection failed to guarantee that the main customers of the collection conducted business transactions or transactions with the collection.
According to the IPO documents, assuming that the global development sale was completed on August 31, 2017, 381072000 shares are expected to be issued after the sale of long-term shares is completed. equivalent to the untested tangible assets per share of HK $0.47 to HK $0.53 (converted at an exchange rate of HK $1.0000 to HK $0.8436).
The purpose of the income is:
Assuming that the amount of sale is HK $0.84 (the median of the range of sales), after deducting the estimated expenditure payable on the issue of shares, the net income is estimated at HK $50.78 million.