男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Economy

Markets

Industries

Insights

Reports

Events

Stock software maker to appear on ChiNext

By Yu Hongyan (chinadaily.com.cn)
Updated: 2009-11-19 16:43

Zhejiang Hexin Flush Network Services Ltd, a stock trading system operator and financial information provider, has won qualification for the initial public offering (IPO) on China's growth enterprise board of ChiNext, and will get listed on the Nasdaq-style exchange upon further ratification.

The company seeks to raise 252 million yuan ($36 million) through the IPO, and plans to sell 16.8 million shares, or 25 percent of its total shares of 67.2 million, according to its preliminary offering circular.

Gross profit margin of the company stood at 91.52 percent in the first half, far above its rivals like Shanghai Greatwise Network Technology Ltd (83.45 percent) and Beijing Compass Technology Development Co ,Ltd (79.93 percent), according to Thursday's National Business Daily. If it goes public, that would make it the third most profitable company among the 1,622 comparable firms on the A-share market, said the paper.

Hexin Flush said in its offering circular that operating revenue came to 81.19 million yuan in the first half, and profits during the same period were 33.77 million yuan, almost 90 percent of its full-year profits in 2008.

Related readings:  Mutual funds make beeline to ChiNext  Jiang Toon animated by possible listing on GEB  Green light for seven GEB suitors  Regulator vetting suitors as GEB ball finally starts rolling

The developer of a stock trading system named Tonghuashun (meaning "royal flush"), will use the raised fund to widen its business scope by providing information on stocks, funds, futures and foreign exchanges, said the circular. It also plans to deliver services to institutional investors alongside personal investors.

Its Tonghuashun trading system has 50 million registered users in China, according to a previous China Daily report, and 95 out of 107 Chinese securities firms have adopted this system as well.

Hexin Flush also runs a financial information website, with 72.53 million registered users as of June 30, and its mobile financial services have reached 5.16 million handset carriers by the first half of this year, according to its offering circular.

As of Nov 13, Chinese investors opened 137 million trading accounts in the domestic stock market, with 117 million in active use, according to the China Securities Depository and Clearing Corporation Limited.

The Nasdaq-style ChiNext started trading on Oct 30, in Shenzhen, Guangdong province. It was launched in a bid to fund fast-growing start-up companies. All of the 28 shares in the ChiNext market for start-up stocks went up Thursday.