On May 14th, the First Financial Daily quoted sources as saying that Foxconn’s IPO raised 27.3 billion yuan is misunderstood by the market. At present, Foxconn is still in the process of inquiry, and the final raised funds is likely to be higher than 27.3 billion yuan. , P/E ratio is also likely to be higher than 15 times.
Yesterday, Foxconn disclosed the IPO prospectus. Prospectus shows that Foxconn intends to issue approximately 1.97 billion shares, accounting for 10% of the total issued capital.
The prospectus disclosed Foxconn’s financial data for the past three years. In 2015, 2016, and 2017, the company’s operating income was RMB15,867 million, RMB14,366 million, and RMB14,35 billion in net profit attributable to shareholders of the parent company respectively.
According to the statistics of the China National Fund, the net profit of 2017.58 billion yuan can be ranked 32nd among the 3,509 A-share listed companies, which is better than 90% of A-share companies.
The prospectus also disclosed financial data for the first quarter of this year. The data showed that Foxconn achieved operating revenue of 77.69 billion yuan in the first quarter of this year, an increase of 19.8% from the same period of last year; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses The profit was 2.63 billion yuan, an increase of 1.0% over the same period of last year.
The prospectus shows that in the first quarter of 2018, the company's performance was stable and there were no major adverse changes. It is expected that operating income for January to January 2018 will be approximately RMB146.06 billion to RMB154.58 billion, representing a year-on-year increase of approximately 6.8% to 13.1%; net profit attributable to shareholders of the parent company will be approximately RMB5.38 billion to RMB5.60 billion, representing year-on-year growth. The range was approximately 0.9% to 5.1%; after deducting non-recurring gains and losses, the net profit attributable to shareholders of the parent company was approximately RMB 5.35 billion to RMB 5.56 billion, representing a year-on-year increase of approximately 0.6% to 4.5%.