Occupied industrial fund set up venture capital company Times Publishing desire "multiple blossoms" (VC314)
For listed companies with ample funds and a stable main business, the participation of industry funds in investment seems to have become their new "profit-mining point".
Deeply immersed in the field of cultural industry, Announced on July 26, in order to cultivate new profit growth points, the company plans to invest 50 million yuan in its own funds to participate in the China Gold Industry Integration Fund and become a limited partner of the fund.
It is understood that the CICC Industrial Integration Fund is an approved domestic limited partnership investment with the main investment scope of participating in industrial integration, participating in the non-public offering of shares of listed companies for the purpose of asset purchase, and unlisted enterprise equity. fund. The total fund-raising scale of the fund is 5 billion yuan, and the investment threshold is 50 million yuan. CICC Jiacheng Investment Management Co., Ltd., a wholly-owned subsidiary of CICC, is the manager of the fund.
Prior to Time Publishing, Yanghe shares first announced at the end of March 2011 that it would invest 300 million yuan to participate in the establishment of the aforementioned China Gold Industry Integration Fund. In addition, Yili, Yitai B, Hualian, Youngor and other listed companies also appeared in the luxury LP lineup of CITIC Mianyang Industrial Fund disclosed in detail before.
Looking back at the times of publication, its move into the financial capital field does not stop there. The company also announced on July 26 that in order to steadily expand its diversified business areas, the company will invest 30 million yuan to set up a wholly-owned venture capital management company. The latter's business scope is venture capital business, providing entrepreneurial management services for venture companies, Participate in the establishment of venture capital enterprises and venture capital management consultants.
The company's 2011 semi-annual report shows that with the early stage of various types of resources, technical investment and various types of mergers and acquisitions, the return of the main business has become increasingly clear. The company's sales revenue, operating profit and net profit during the reporting period Both have experienced significant growth. From January to June 2011, the company achieved a cumulative sales revenue of 1.136 billion yuan, a total profit of 155,061,600 yuan, an operating profit of 134,704,400 yuan, and a net profit of 1,506,624 yuan, up 23.61%, 20.55%, and 12.3% respectively over the same period of the previous year And 20.62%. As of the end of June, the company's monetary capital balance was as high as 986 million yuan, and the sufficient fund reserve undoubtedly made the company "very confident" in foreign investment.
The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting.
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