Lei Jianping on June 29
Widelink Technology Holdings Limited (hereinafter referred to as "Widelink Technology", stock code: "02531") recently launched a roadshow to prepare for listing on the Hong Kong Stock Exchange on July 15, 2024.
Guanglian Technology issued a range of HK$4.7 to HK$5.3, with a global offering of 63.6 million shares, and the total amount of funds raised by the company was HK$318 million, of which Guohuilian intends to subscribe for HK$88 million.
Guanglian Technology submitted its prospectus in March 2024, and it can be listed in only 4 months, and the speed of listing is amazing.
Annual revenue of 560 million
WideUnion Technology is a major intelligent connected service provider for industry participants in China's automotive aftermarket, focusing on selling in-vehicle hardware products to industry players in the industry value chain; and provide SaaS marketing and management services, covering SaaS subscription services and SaaS value-added services.
In 2017, Widelink Technology launched Tiger e-Shield SaaS to provide car management services for auto financial leasing companies, and in 2018, it launched Tick SaaS to provide SaaS marketing and management services for our 4S store customers. In 2021, WideUnion Technology's Dijia SaaS was further upgraded to an SCRM system based on the WeChat ecosystem, providing SaaS marketing and management services.
According to the prospectus, Guanglian Technology's revenue in 2021, 2022, and 2023 will be 327 million yuan, 414 million yuan, and 561 million yuan respectively; The annual profit was 35.07 million yuan, 47.42 million yuan and 51.54 million yuan respectively.
The adjusted profit of Guanglian Technology in 2021, 2022 and 2023 will be 36.63 million yuan, 56.62 million yuan and 61.74 million yuan respectively.
As of December 31, 2023, WideUnion Technology held cash and cash equivalents of 157 million yuan.
Zhu Lei and Zhu Hui brothers control 51% of the shares
The executive directors of Guanglian Technology are Zhu Lei, Jiang Zhongyong and Zhao Zhan; The non-executive directors are Zou Fangzhao, Cui Changsheng and Peng Chao; The independent non-executive directors are Feng Yuan, Wei Chunlan and Ci Ying.
Prior to the IPO, Zhu Lei and Zhu Hui were entitled to exercise voting rights attached to approximately 51.33% of the total issued share capital of the Company. Zhu Lei and Zhu Hui are brothers.
Among them, Zhu Lei and Zhu Hui each have interests in approximately 10.89% and 26.13% of the total issued share capital, respectively, and they have an interest in approximately 37.02% of the total issued share capital of Widelink Technology in aggregate pursuant to the Confirmation of Concerted Action, and they have been entrusted by, among other things, J-Visionary, ZZ-Intelligent and RongyingBVI to exercise approximately 14.31% of the voting rights attached to the voting rights under the voting rights entrustment agreement.
Before the IPO, the shareholding structure of Guanglian Technology
Jiang Zhongyong holds 8.56% of the shares, Zhao Zhan holds 2.97% of the shares, Rongying holds 2.78% of the shares, Yantai Longhe holds 12.11% of the shares, and Lianxing Yongsheng Investment holds 9.08% of the shares;
UBI holds 4.37%, HuaixinCo-stone holds 13.45%, Lingyu Co-stone holds 4.71%, Huiheng Investment holds 3.96%, and Gaofa Investment holds 0.99%.
After the IPO, the shareholding structure of Guanglian Technology
After the IPO, Zhu Hui directly held 21.6% of the shares, Zhu Lei held 9% of the shares, Jiang Zhongyong held 7.08% of the shares, Zhao Zhan held 2.45% of the shares, Rongying held 2.29% of the shares, Yantai Longhe held 10.01% of the shares, and Lianxing Yongsheng Investment held 7.51% of the shares;
UBI holds 3.61%, Huaixin Co-stone holds 11.12%, Lingyu Co-stone holds 3.9%, Hui Heng Investment holds 3.27%, and Gaofa Investment holds 0.82%.
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