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02131 云想科技控股
Netjoy Holdings
Listing Date2020/12/17
Listing Price6.980
 
Quote
  • 3.030 -0.060 (-1.942%)    Sink Below Listing Price
  • 15-min delayed, last update: 02/12/2021 17:59
Subscription Result
  • Subscription Rate
    114.50x
  • Guarantee One Lot Size
    25 lot
  • One Lot Success Rate
    10%
COMPANY PROFILE

Netjoy Holdings is a leading short video marketing solutions provider and an online content services provider focusing on pan-entertainment in China. According to iResearch, the Group was the third largest online marketing solutions provider in China in 2019 in terms of gross billing generated from short video advertisements, with a market share of 3.4%. It also operates a pan-entertainment-oriented content platform through its Huabian website and its mobile terminal (collectively “Huabian Platform”), presenting attention catching pan-entertainment articles and photos to internet users.

The Group generates revenue primarily from providing online marketing solutions to advertisers and advertising agencies, including user traffic acquisition, ad creatives production, and ad performance optimization; and advertising spaces on Huabian Platform to ad networks and advertisers.

Its content production capability is one of core competencies that differentiate it from other competitors. Its in-house content production team, consisting primarily of scriptwriters, directors and production crew, is able to produce customized, appealing and attention catching ad creatives, with the capacity to produce approximately 4,400 pieces of short videos each month.

The Group has maintained well-established relationships with various top online publishers, including the six largest short video platforms in China, such as Douyin, Kuaishou, Xigua Video, Huoshan and Tencent Weishi, as well as other leading content distribution platforms, including Xiaohongshu and Qutoutiao.

The Group customers primarily include advertisers and advertising agencies for online marketing solutions; and third-party ad networks and advertisers for advertising spaces on Huabian Platform. As of the 29 Nov 2020, it had served approximately 1,700 accumulated key account advertisers.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureMedia
Websitewww.netjoy.com
Board Lot1,000
Registrar & Transfer OfficeTricor Investor Services
GLOBAL OFFERING
No. of Offer Shares200m shares
No. of International Offer Shares180m shares
No. of HK Offer Shares20.00m shares
Offer Price$5.56 - $7.08
Nominal ValueUS$ 0.00005 each
Stock Code2131
Sole SponsorHaitong International Capital
Sole Global CoordinatorHaitong International Securities
Joint BookrunnersHaitong International Securities, DBS Asia Capital, China Galaxy International Securities (Hong Kong), China Securities (International) Corporate Finance, BOCOM International Securities, BOCI Asia, AMTD Global Markets
Joint Lead ManagersHaitong International Securities, DBS Asia Capital, China Galaxy International Securities (Hong Kong), China Securities (International) Corporate Finance, BOCOM International Securities, BOCI Asia, AMTD Global Markets, Futu Securities International (Hong Kong), SBI China Capital Financial Services
TIME TABLE
Application PeriodDec 7 (Mon) - Noon, Dec 10 (Thu)
Price Determination DateOn or Before 5pm, Dec 10 (Thu)
Result Announcement DateOn or Before Dec 16 (Wed)
Dispatch of Shares and Refund ChequesOn or Before Dec 16 (Wed)
Dealings in Shares commence onDec 17, 2020. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveXu Jiaqing (Chairman), Wang Chen
Non-ExecutiveQin Miaomiao, Dai Liqun, Zhang Jianguo, Wang Jianshuo
Independent Non-ExecutiveChen Changhua, Ru Liyun, Cui Wen
MAJOR SHAREHOLDERS
Director Wang Chen14.22%
Director Xu Jiaqing12.02%
Director Dai Liqun8.39%
Kijiji9.74%
Wutong Holding7.52%
Guzon Asset7.20%
Jingheng Jianyong
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
2020 *20192018
Revenue796,9652,313,0361,186,172
Gross Profit84,381159,289108,259
Pre-Taxed Profit60,76279,08974,609
Attributable Profit for the period57,07672,93469,483
* For the six months ended June 30, 2020.
OFFER STATISTICS (HK$)
Offer Price$5.56 - $7.08
Capitalization$4,448m - $5,664m
Unaudited pro forma adj NAV / share$1.76 - $2.13
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $6.32, the net proceeds raised would be HK$1,166.6m, of which:
* $158.6m (13.6%) to enhance research and development capabilities, in particular machine learning algorithms and AI capabilities, and improve information technology infrastructure;
* $671.7m (57.6%) to enhance relationships with existing media partners, content production capabilities and domestic and international footprints.;
* $219.7m (18.8%) to pursue strategic investments in and acquisitions;
* the balance of $116.7m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01762WANKA ONLINEunchange0.5500.0000.000%
02131NETJOYdown3.030-0.060-1.942%
08429ICICLE GROUPup0.1630.0053.165%
15-min delayed, last updated: 02/12/2021 17:59
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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