subject: Zhang Jindong 300 million shareholder invested heavily in Suning refinancing [print this page] Zhang Jindong 300 million shareholder invested heavily in Suning refinancing
Before Suning Electric announced that its non-public stock offerings in 2009 has been completed, has issued 177 million shares, 3.0 billion fund-raising success was obtained, including PICC, Stanford University QFII fund institutional investors, including six times over-subscribed. 's Participation in the Suning Appliance additional subscription list to see the domestic-raised funds, insurance funds, some foreign institutional investors and other large institutional investors have participated in the issuance of subscription. In the end, including PICC, Stanford University, including six QFII fund institutional investors success.
PICC Asset General Manager of Investment Department, said the People's Insurance Asset Subscription Suning private placement shares are mainly optimistic about the future of China's vast consumer industry prospects. Step by step in China's macroeconomic transition to consumer-driven process, I believe that as China Suning Appliance Home Appliances Retail industry leading enterprises, such healthy growth of investment Suning shares of listed companies, are consistent with steady growth of the insurance funds investment philosophy.
As the country TM to Policy starts, home appliances have increasingly shown the effect of policies to stimulate consumption. According to the Ministry of Commerce on December 1 of the latest data, total recovery of Jiu Jiadian 2.89 million units, Sell New appliances 2.5 million units, sales of 9.8 billion. Suning TM to which sales of 3.09 billion yuan, accounting for more than 33% share, and a national championship home appliances TM to sell. Stanford University QFII fund managers invest in profit Hui said long-term bullish on China's retail industry. China's retail sector will grow significantly faster than GDP growth rate, Suning With strong background information, and logistics system, will further consolidate and expand in the Chinese home appliance retail industry's market position, from an international point of view the current valuation level for the long-term very attractive investment in the future believe that we can bring in huge returns. It is worth mentioning that as a major shareholder, chairman of Suning Appliance has invested 300 million yuan more than 1,700 shares subscribed. Shun Securities believes that the current TM to policy, in terms of the scope of the implementation of category or geographical area, have a great room for further expansion.
Based on 10 sales projections since mid-(day one hundred and forty million yuan), next year TM to up to 500 billion yuan sales. If further extended to the whole country, then sales could reach 800-1000 billion. If Suning occupy 25% of the market, that is, 200-250 million sales, which translates into revenue of 171-213 billion not including tax. Suning CEO Sun Weimin to reporters a detailed explanation of the specific arrangements Fundraising 3.0 billion.
Of these, about 1.4 billion will be used for about 250 Suning stores in development projects; about 10 million dollars of six logistics base construction projects; and another 390 million yuan to add the company working capital, mainly for the expansion of custom underwriting, buyout, differences in the proportion of products to further enhance co-operation with suppliers to optimize supply chain management. Great Wall Securities that, Suning Appliance is now the second transition, to promote progress, for the future development of new space opened?? Both category management or market space (advance to 34 markets), or consumer groups (differentiated populations meet consumer demand), will become clear. Conservative expected compound annual growth rate the next three years will be about 25%. "The number of additional Hou Suning's stores will continue to steadily improve the situation, while the national logistics base for the planning and construction, will Suning chain distribution and long-term positive effects, further expanding the industry's leading edge. "Sun Weimin said.
