Henan, is rushing out of IPOs

Another IPO in Henan is about to be born.

The investment industry-Tiantian IPO learned from the Shenzhen Stock Exchange that the European Technology IPO application was approved and planned to be listed on the GEM of the Shenzhen Stock Exchange. If there is no accident, this will become the first cross -border e -commerce listed company in Henan.

This is an entrepreneurial story of a post -70s Henan fellow. To the founder of Europe Technology Song Chuan, he studied in Germany in his early years and began to try to do foreign trade business in 2007. He started from the German market he was most familiar with, and gradually incubated series of products such as home, courtyard, pets, etc., and sold Chinese products to Europe, North America, and Japan in Henan to rely on overseas e -commerce platforms such as Amazon and EBAY. The last round of financing was completed in 2020. At that time, European technology valuation had exceeded 8 billion yuan.

You may not know that a large wave of IPOs are rushing out of Henan. In the first half of this year, three companies in Henan knocked on the bell, and 6 other companies were going to go out. Hualan vaccines, Tianli Lithium, Wei Long, Mi Xue Bingcheng ... IPOs are coming out of this land. In the past, Henan, which was regarded as "Venture Capital Desert", broke out this year's venture capital force, and has unprecedented efforts to cultivate emerging industries. In 2022, VC/PE had organized a group to Henan.

After the 70s in Henan, returned to China to do an IPO

To the story of European Technology, we must start with a Henan from studying abroad.

Song Chuan, a post -70s from Zhengzhou, Henan, studied in Germany in his early years. In 2007, at the beginning of China joining the WTO, Song Chuan, who was still in Hamburg, Germany, found that the domestic foreign trade tide was in full swing. He felt that he could rely on the resources accumulated by studying abroad to try to do foreign trade online.

After three years in Germany, Song Chuan believed that the time to return to China to start a business was mature, so he returned to Zhengzhou in his hometown in 2010 and officially established the Ou Home Furnishing Technology. With the previous accumulation, the beginning of the European technology, at the beginning of the business, it also started from the German market.

In an interview with the media, Song Chuan introduced that from other platforms such as EBAY, European technology gradually covered the German market to Europe and the United States, and finally the Japanese market. Subsequently, in 2011, Amazon encouraged sellers to settle in the third -party form in order to expand the platform. Therefore, European Technology also took the lead in landing in Amazon.

In 2012, the first self -owned brand of Europe Technology, Songmics, was launched and specialized in home courtyard products. Soon, European Technology ushered in the first milestone in 2014 -a performance of over 100 million. Since then, only two years later, European Technology has doubled its performance, and the rapid development speed is staggering.

With the continuous deepening of the business, European Technology often participates in offline exhibitions overseas. Song Chuan believes that it should create a more professional image for customers, so the Tiemu furniture brand VASAGLE is independent of SONGMICS. In the same year, Song Chuan made a position on the segmentation field, which caused the European technology pet brand Feandrea to announce the birth.

In terms of business model, European Technology passed the cross -border warehousing logistics system of "domestic and foreign self -operated warehouses+platform warehouse+third -party cooperation warehouse". The sales area covers Europe, North America, Japan and other countries or regions.

It is worth noting that European Technology's revenue relies on the Amazon platform. The prospectus shows that from 2019 to 2021, the proportion of sales revenue on the Amazon platform on the Amazon platform was 81.13%, 71.80%, and 67.87%, respectively.

But with Amazon, the revenue of European technology has also risen. The prospectus shows that from 2019 to 2021, European Technology achieved operating income of 2.326 billion yuan, 3.971 billion yuan and 5.967 billion yuan, respectively; net profit attributable to shareholders of the parent company was 108 million yuan, 380 million yuan, and 240 million yuan, respectively. Essence It is not difficult to find that the performance of European Technology in 2021 was actually landslide, and the net profit ratio decreased by 36.93%.

In this regard, European Technology admits that since 2021, there are furniture home companies, furniture home retail companies or other cross -border e -commerce companies that have cross -border e -commerce models or main business exports. The impact of adverse factors, there is a decline in performance or narrowing profit growth.

In the first quarter of 2022, European technology revenue was about 1.427 billion yuan, a year -on -year decrease of 4.07%, and net profit was about 51.44 million yuan, a year -on -year decrease of 29.43%, and the gross profit margin was 47.59%, a year -on -year decrease of 5.33%. It can be seen that the challenges faced by European Technology in the future are still not small.

In fact, the road of European Technology's IPO is twists and turns. In June last year, European Technology first handed over the table to impact the GEM, but three months later, it was announced that the listing process was suspended due to the expiration of financial information. Later in December last year, European Technology updated financial data and restarted the IPO. Immediately after in April this year, European Technology was suspended and listed for review because of financial information, and it was successful.

If there is no surprise, European Technology will become the first listed company in Henan cross -border e -commerce.

The valuation two years ago has exceeded 8 billion

Anke Innovation, IDG Capital, Qianhai Mother Fund invested

To Ou Technology, a VC/PE team was gathered behind.

According to incomplete statistics from the investment community, European Technology has completed at least three rounds of financing before applying for an IPO. In the investor lineup, there are many well -known institutions such as Anke Innovation, IDG Capital, Jiayu Capital, Qianhuan Mother Fund, and Service Fund. Back to 2018, Yang Meng, the founder of Anke Innovation, who was preparing for the IPO plan at that time, met Song Chuan under the introduction of the investor. In fact, Yang Meng can be regarded as a predecessor of Song Chuan. The former left Google, who worked for five years in 2011, resolutely returned to China to enter the cross -border e -commerce industry and founded Anke Innovation.

In the view of Yang Meng, the home category made by European technology has high requirements for cross -border ecology. It must be fully deployed for a long time to comprehensively deploy sea transportation, overseas warehouses, after -sales systems, digital systems, etc. For innovation, it is precisely a kind of complement. As a result, Anke Innovation and IDG Capital jointly invested in Europe in October 2018. At that time, the latter's valuation was only 880 million yuan.

In December 2020, European Technology completed the last round of financing before the IPO declaration. Investors include old shareholders IDG Capital, Jiayu Capital, and the new shareholder's Qianhuan Mother Fund and the Copling Fund. At this time, the post -investment valuation It has soared nine times from two years ago, exceeding 8 billion yuan.

When talking about this round of financing, the service and trade fund stated that as a national fund sponsored by the Ministry of Finance, the Ministry of Commerce, and the China Merchants Capital, the service trade fund is committed to establishing long -term cooperative relationships with enterprises, and it is also building high efficiency to the European technology construction. The global warehousing and logistics system is fully supported.

To the European technology sprint IPO is not an example, cross -border e -commerce is setting off a mighty listing wave.

At the end of June last year, the Ziyu Group officially handed the table to the Hong Kong Stock Exchange to launch an impact on the Hong Kong stock IPO with the attitude of domestic cross -border clothing e -commerce leaders. Although the nonsense is not well -known in China, it is based on selling affordable women's clothing on platforms such as Amazon, and it will account for 2 billion yuan a year.

The story of Ziyu's entrepreneurial story is quite legendary. In 2009, Hua Bingru, who was studying in his sophomore, started Taobao in the dormitory of Chaohu College in Anhui. He rushed into the Taobao category three years in two years. After graduating, he went to Hangzhou and officially founded the son -in -law. With the competition of domestic women's clothing e -commerce, Hua Bingru began to turn its attention to overseas markets such as Brazil and Russia in 2014. He registered the first online store on Amazon and transformed cross -border e -commerce. The head echelon is called "Chinese version of ZARA" by the outside world.

There is also a super unicorn -shein. In 2007, Xu Yangtian, who graduated from Qingdao University of Science and Technology, came to Nanjing, starting with cross -border business of wedding dresses. Later, she was specially attacked by SheInside.com as the main body to attack fast fashion cross -border women's clothing. Three years later, sheinside officially changed its name to Shein, and has since started mysterious overseas running journey.

Today, this giant has gathered a well -known VC/PE including wealthy Asia, IDG Capital, Jinglin Investment, Sequoia China, Tiger Global, Shunwei Capital. According to Bloomberg's latest report, SHEIN is seeking a new round of $ 1 billion in financing. If the financing is successfully completed, SHEIN's overall valuation will reach an amazing $ 100 billion, and it will seek IPO as soon as 2024 in the United States.

One by one cross -border e -commerce IPO is here: at the end of March this year, Huabao New Energy, which focuses on portable energy storage brands, has been approved by the GEM IPO application; then in early June, the application of Greenlord Technology IPO born in Huaqiangbei was obtained. Acceptance; in the same month, in the era of fast fashion clothing, the IPO application has also been reviewed by the GEM ... The heroes are competing, and another overseas e -commerce story is being staged.

The VC/PE group is here

More than 60 IPOs in Henan are in line

As you can see, Henan is ushered in a wave of IPO.

On February 18 this year, Hualan Vaccine officially landed on the GEM of the Shenzhen Stock Exchange, becoming the first IPO of 2022, Henan Province. The story of the Hualan vaccine should start with the founder of Hualan biology Ankang. In 1949, Ankang was born in Xinxiang, Henan, and was later admitted to the Department of Biology, Henan Normal University. After graduating from university, Ankang was assigned to the epidemic prevention station in Xinxiang for more than ten years. In 1988, nearly 40 Ankang ushered in a turning point. He was promoted to the director of the Lanzhou Biological Products Research Institute and began to engage in biological research.

In 1992, Ankang decided to start a business in the sea, and Hualan Bio was born in Henan. Ankang's home for blood products, and later entered the vaccine industry, and won the highest market share of domestic influenza vaccines. In 2020, Hualan biological stripping vaccine business and spinning the Hualan vaccine were submitted to the market separately. As of now, the latest market value of Hualan vaccine has reached nearly 20 billion yuan.

At the same time, a large wave of IPOs from Henan are coming.

At the end of June this year, Wei Long was hearing through the Hong Kong Stock Exchange and was expected to become the "first share of spicy bars". In 1999, 21 -year -old Liu Weiping brought his brother Liu Fuping and the spicy bar formula to start a business from Pingjiang, Hunan, Hunan, Hunan. The brothers of Liu Weiping started from a small workshop and developed step by step into China's largest spicy casual food company.

The prospectus disclosed that Wei Long had previously completed 3.56 billion RMB A Series A round strategic financing led by CPE Yuanfeng and Gaoma. Joint shares. It is reported that the valuation of the post -investment was as high as 70 billion yuan. Money Snow Ice City, also from Henan, also wants an IPO. Mixue Bingcheng intends to be listed on the A -share market. Before receiving Canton Securities, it was taught to it. It had been counseled in the Henan Securities and Supervision Bureau in September last year. Behind this super new tea is the story of Zhang Hongchao and Zhang Hongfu's grassroots counterattack. In 1997, Zhang Hongchao started an ice business in Zhengzhou, Henan, and opened a roadside stall called Hanliu Bingbing, which was the predecessor of Mixue Bingcheng. After 25 years of storms, Mi Xue Bingcheng has become a national chain brand and opened more than 10,000 stores.

In addition, Tianli Lithium also had a meeting in the GEM in February this year. Established in March 2009, Tianli Lithium Energy is one of the earliest companies in China that engaged in the research and development and production of ternary materials. The downstream customers include Xingheng Power, Honeycomb Energy, Hengdian East Magnetic and other well -known domestic lithium batteries. Electric bicycles and electric tool lithium batteries are the first in the industry.

Looking back at 2021, a total of 13 listed companies in Henan have reached a record high. According to official statistics, as of the first half of this year, Henan Province had three bell companies and 6 companies to be issued. This also means that in the first half of the year, Henan has nine companies that have or approached the sound of listing.

In addition, Henan has added 12 new companies and 9 new counseling filing companies. According to incomplete statistics from the investment community, a total of 68 companies in Henan are waiting in line to wait for the IPO. This is due to Henan has a relatively complete industrial system. Among the 41 industrial categories, Henan has 40, which is one of the most complete provinces in China's industrial system. At present, food processing is the first trillion -level industry in Henan, but by 2025, Henan will form electronic information, equipment manufacturing, new materials and other trillion -level strategic emerging industries.

Since this year, Henan has been particularly eye -catching in the venture capital circle. At the beginning of the year, Henan Province successively issued the "Henan Province to Promote Angel Wind Investment Capital Fund High -quality Development Implementation Plan", "Henan Province Digital Economy Government Guidance Fund Establishment Plan", "Henan Province Biomedical New Materials Government Guidance Fund Establishment Plan" and "Henan Province Important policy documents such as promoting the development of entrepreneurial investment "clearly stated that we will strive to reach the end of the" Fourteenth Five -Year Plan "and promote the total scale of Henan Provincial Private Equity equity and venture capital funds exceeding 300 billion yuan.

Just do it. In February this year, Henan Investment Group Huirong Fund and Yuan He Chenkun held a signing ceremony to cooperate with the establishment of Henan Venture Investment Guidance Fund with a scale of 15 billion yuan. What impressed VC/PE was that the Henan Provincial Government News Office held a press conference and announced the establishment of an emerging industry investment guidance fund with a total scale of 150 billion yuan.

Subsequently, Zhengzhou announced its efforts to build the "central venture capital capital", introduced 3-5 head fund management agencies that fits Zhengzhou's industrial development, leveraged various social capital, set up a market-oriented parent fund that not less than 20 billion yuan Or Venture Capital Fund to guide the national high-quality resources and industrial capital to invest in physical enterprises with development potential to develop in Zhengzhou, and strive to drive an effective investment of 500-100 billion yuan.

The more active venture capital is, the industry is more developed. Historically, the open plain geography and the long -term cultural rhythm have shaped the distinctive character of Henan people's hard work and solidity. Today, the land of the Plains has become a power that cannot be ignored in China Venture Capital.

- END -