The time that submits first data as IPO of bit mainland Hong Kong is closer and closer, the market explodes an information about bit mainland is increasing, crepuscular now finance and economics sees partial data appears on the net, unexpectedly direct exposure the part of the financing in draft of bit mainland audit and shareholder structure, what often respect couplet to reach place in view of crepuscular Jun Fei is tongueless period system, crepuscular gentleman does not publish all table, but the part does not involve commercial secret information, crepuscular gentleman takes a reader to gather up today the preexistence this life of bit mainland.
Bit mainland holds water at the beginning of 2013, because machine of mine of manufacturing bit money is famed, according to weighing forestall bit money digs mine market " the hardware peace treaty of more than 70% of 50% calculate force " . Since last year, as add secret number money and division piece the swift and violent development of chain industry, than especially big land, Jianan international of weed wisdom, 100 million state the outstanding achievement rise steeply of manufacturer of aircraft of 3 big mine. According to market report, mainland of bit of tycoon of Chinese mine machine did business 2017 income restrains 2.5 billion dollar, net profit exceeds 1.2 billion dollar. 2016, 2017, profit of bit mainland net is respectively 180 million with 1.249 billion dollar, net interest rate is respectively 42.80% with 49.40% . Below the environment that drops greatly in bit currency prices, 2018 do business first quarter income is 1.8 billion dollar about, net profit reached 1.1 billion dollar, net profit margin is as high as 60% .
Show according to publishing a material, the shareholder structure of bit mainland already produced change 2016, zhan gram group is the equity construction that controls a partner before for total change hold of Hong Kong Bitman Technologies Limited 100% share, according to the sufficient understanding to VIE framework, WOFE backside is former some opposes a scale as before.
And exploded this August the data that give explains Bitmain had entered the phase that casts manual of travel compose raise capital by floating shares above all, this draft is belonged to fulfil his duty to investigate to the company equity changes among the process and careful sex investigates the historical evolution of financing associate with working paper, through material we see, zhan gram group is company the biggest shareholder as before, hearsay of in the bookshops, wu Ji is cold at that time the agreement that with Zhan Ke the group reached is: Zhan overcomes a group not to get pay, and Wu Ji is cold contributive, if achieved target of two of chip decisive technologies, whole technology group can take the share of 60% accordingly. Because,be probably such, in the industrial and commercial data that goes a few years than especially big land, zhan gram group is the largest stockholder all the time. By 2016, before bit mainland partner changes the firm outside be onefold condition, wu Ji is cold hold 20.61% , zhan gram group is held 54.9% . All the time since, the sound of many outsides thinks: Zhan gram group just is the big BOSS with bit true mainland, and bit money field is right head rich.
But here, we must state, because the characteristic of area piece catenary causes company of area piece chain (include mine and company) it is very difficult that core capital is limitted with equity link up with, say mine machine and the fictitious money that its produce should belong to company assets course normally, but how cannot also calculate certainly actually the influence that digital money expresses to 3 pieces, this also lets a company produced the product of profit to break away from equity, thereby the identity that although Zhan Ke is round,we think to hold larger than especially big land stockholder, but effective control advantageous position and fortune run word of know exactly about sth and cannot true control, even if is to fulfil his duty to investigate, also can put in this kind of problem.
In addition, show according to the material that at present we master, wu Ji is cold restrain a group with Zhan two outside the share category of father place hold all differs at all investor, according to the attribute with equity earnings power, droit, voting detached authority, very possible B kind equity is planted the content of an agreement differs at orgnaization investor, should have certain safeguard to the control advantageous position of the company.
At present besides this second besides Pre-IPO, bit mainland has experienced public illicit collect financing twice in all, among them value of the first round the appraise after casting is 1.05 billion dollar, and value of the 2nd round the appraise after casting was added in fine directly 0, achieve 12 billion U.S. dollor, according to normal logic, value of epicycle Pre-IPO appraise should achieve 100 million dollars of 300-500 to control, but the appraise value that material indicates 14 billion dollar mostly related the financing that can consult at present, specific amount wait for bit mainland to hand over this second IPO material to just can know even.
As to the gain level of bit mainland, this year the beginning of the year is rife sale achieved 14.3 billion yuan of RMB 2017, be refuted a rumor by the media spokesman of bit mainland subsequently, express to did business 2017 income is controlled for 2.5 billion dollar (about 15.9 billion yuan) . Want to know this is a company that establishs inadequacy 6 years in China, and by accepted for Internet finance alone the ant gold of horny animal is taken the profit before duty was thirteen billion one hundred and eighty-nine million yuan 2017, the appraise cost that ant gold takes is 75 billion dollar, it is 75 times what bit mainland appraise is worth.
Not meticulous heart compares around a few times to count the friend that occupy to be able to discover, the actual profit circumstance of bit mainland is a mystery as before up to now, the data that releases on the market at present all is not accurate information.
In addition, in this list, orgnaization of investment of this old brand gives new season territory again in the eye shot of crepuscular now gentleman, this is full of orgnaization of legend colorific finance the investment share that A annulus took bit mainland, collective and as contributive as the orgnaization such as Chinese larch and IDG, became the share partner of bit mainland. In addition, the company stock of partner hold already changed former collectivity for hold of Bitmain Technologies Limited of Hong Kong company share of 100% bit mainland.
Whether can hand in to couplet as scheduled September as to bit mainland what declare IPO, let our wait and see what happens.
