www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Duzhe seeks $78m from Shanghai IPO

By Huang Ying (China Daily) Updated: 2015-11-24 07:55

Duzhe seeks $78m from Shanghai IPO

A pedestrian walks past an advertisement for The Duzhe magazine in Beijing, China, May 29, 2014. [Photo/China Daily]

Publisher of popular magazine to issue up to 60m new shares

Duzhe Publishing & Media Co Ltd, the publisher of China's most popular magazine The Duzhe (The Readers), is planning to raise 500 million yuan ($78.2 million) in a Shanghai initial public offering. Subscription will begin on Dec 1.

The company is to issue up to 60 million new shares, pushing its total shares to 240 million.

The capital being raised will be used to develop its magazine titles, digital publishing operations and book publishing projects, according to its IPO prospectus.

The plan was originally slated for July, but issuance of new shares was suspended by the China Securities Regulatory Commission due to the market rout in the summer.

"It will attract a lot of attention from the capital market, and I'm optimistic about the prospect of its stock price, as the brand value of The Duzhe is still high in the market," said Yao Haifeng, a digital-publications researcher at Internet consultancy Analysys International.

The prospectus shows Duzhe earned revenue of 550.87 million yuan during the first three quarters this year, a 9.97 percent rise compared with the same period of last year, with the majority of that increase coming from periodical and tablet computer sales.

Between January and September, the income generated by periodicals, teaching materials and textbooks accounted for 75 percent of its main business.

Earnings from periodicals increased 18.8 percent year-on-year during the period, primarily driven by an increase in the cover price of its signature magazine The Duzhe, at the beginning of year, from 4 yuan to 6 yuan. The Duzhe contributed 90 percent of periodical sales.

The company's textbooks and teaching materials arm reported a year-on-year drop of 6.46 percent, but it is still considered a stable operation, the prospectus claimed.

To tackle the challenges of digital publication and mobile reading, Duzhe has been expanding its business in sectors that are closely related to content production.

The company created Duzhe Digital in May 2010, which has already introduced a series of own-branded digital products, including e-book readers, mobile phones and tablet computers, all of which are loaded with Duzhe magazine archives from the past three decades.

Duzhe also started making inroads into film and TV in 2011. Two years later, it spent 50 million yuan on four TV series, including The Empress of China, earning a reported 20 percent return on its investment.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美另类videosbestsex视频 | 日韩在线视频中文字幕 | 一级待一黄aaa大片在线还看 | 中文字幕成人免费高清在线 | 你懂的国产精品 | 国产日韩欧美另类 | 欧美性性性性性色大片免费的 | 午夜宅男在线永远免费观看网 | 手机免费看a | 日本 亚洲 欧美 | 97在线视频免费公开观看 | 国产精品嘿咻嘿咻在线播放 | 久久精品资源 | 国产欧美精品一区二区三区四区 | 久久99国产精品亚洲 | 久久久香蕉 | 日本特黄特色视频 | 精品一区二区三区三区 | 午夜精品久久久久久99热7777 | 在线国产网站 | 亚洲欧美日韩在线一区 | 国产精品日本一区二区不卡视频 | 国产成人精品一区二三区2022 | 91精品国产综合久久香蕉 | 欧美啊v在线观看 | 国产一级精品视频 | 国产亚洲精品国产 | 欧美最大成人毛片视频网站 | 精品亚洲成a人在线观看 | 免费看欧美一级片 | 9lporm自拍视频在线 | 中文字幕视频在线 | 欧美做a一级视频免费观看 欧美做爱毛片 | 国产欧美日韩不卡一区二区三区 | 1204国产成人精品视频 | 亚洲第一中文 | 国产精品一区二区在线观看 | 欧美三级aaa | 高清波多野结衣一区二区三区 | 亚洲人成网站观看在线播放 | 毛片免费大全 |