On December 11, 2023, A** made waves again, and a security company, Anbang Escort (**683373), officially announced its listing, with an issue price set at 191 yuan, the total amount of capital raised is as high as 51.3 billion.
This news has aroused doubts and discussions among the majority of shareholders, and some people have questioned whether such a company in the sunset industry is suitable for listing, especially under the trend of cash payments gradually being replaced.
As the only provincial large-scale state-owned enterprise in Zhejiang Province with the qualification of armed security services, Anbang Escort is mainly responsible for the escort of all banks in Zhejiang Province.
The company's sheer size and expertise have enabled it to form a monopoly position in the region, and it has mastered the important treasury escort business.
However, for such a powerful and wealthy company, why it chose to go public, shareholders have raised questions.
Founded in 2006, the company is a state-owned holding enterprise in Zhejiang Province, and the current controlling shareholder is the state-owned capital operation of Zhejiang Province, accounting for 55 shares8%, with a market capitalization of about 8600 million.
The company plans to raise 47.2 billion yuan, which will be used for the group's digital upgrade and development project, the first phase of the Zhejiang Public Security Service Center project and supplementary working capital.
Caitong ** is the sponsor of this listing, and according to the results of the inquiry, the issue price is determined to be 191 yuan, a total of 2688170,000 shares, with a total raised capital of 51.3 billion.
Judging from the financial report data, Anbang Guard's annual turnover is more than 2 billion, the gross profit is more than 500 million, and the net profit is more than 100 million. Data for 2022 shows that the company's revenue is 237.9 billion, gross profit of 54.5 billion, net profit 113.5 billion, deducting non-net profit of 103.4 billion.
For such a company with a good economy and strong profitability, shareholders began to wonder why they still need to raise funds through listing
Some shareholders pointed out that the company is not short of money, and its monopoly position in the industry can achieve considerable profits every year, so they have doubts about the company's listing plan and question whether the company has other motives, such as dividends or expansion.
Especially under the trend of cash payment gradually being replaced by digital currency, whether the escort service still has the potential for development has also become the focus of shareholders.
On the other hand, some shareholders questioned the company's technological content, believing that the company's business lacks high-tech content, and facing the trend of cash payment being gradually replaced, whether the company can find development opportunities in the wave of digital upgrading and become a leader in the industry is still unknown.
Some investors questioned the company's ability to scale and strengthen its competitiveness through listing.
The company did not give a detailed response to the shareholders' questions, however, the shareholders' doubts set off a lot of waves in the **, and the discussion about the listing of Anbang Guard also continued to ferment on the Internet.
In the future, with the listing and trading of the company, the market will further witness whether this security company can find its own position in the capital market and whether it can achieve new breakthroughs in the wave of digital transformation.
The listing of Anbang Escort has undoubtedly brought new attention to the security industry. However, there are also many people who believe that the security industry is a sunset industry and has no future for listing.
Those who support this view believe that with the popularization of electronic payments, the cash flow is getting less and less, and the proportion of people carrying cash out of the house is getting lower and lower, which means that the demand for escort will be reduced, and the market space for the security industry will be reduced.
In addition, the technical content of the security industry is not high, the competition is fierce, at present, the security industry has formed a relatively mature pattern, the industry concentration is high. It is more difficult for new entrants to make breakthroughs.
Security companies have broad prospects for development
Of course, there are also people who believe that the security industry has broad prospects for development.
Those who support this view believe that the security industry is not only escort, but also includes security, cleaning, maintenance and other businesses.
With the development of economy and society, people's demand for safety will be higher and higher. The security industry will usher in new growth opportunities.
In addition, the security industry is developing towards high-tech and intelligent. With the application of artificial intelligence, big data and other technologies, the efficiency and level of the security industry will be improved.
In fact, whether the security industry is a sunset industry needs to be analyzed from many aspects.
On the one hand, there are indeed some unfavorable factors in the security industry, such as reduced cash flow and fierce competition in the industry.
But on the other hand, the demand in the security industry is still there, and there is still some room for growth.
Therefore, the development prospects of the security industry depend on a variety of factors and cannot be generalized.
It can be said that the listing of Anbang Escort is an important milestone in the development of the security industry, but it will take time to verify whether the security company can truly realize the value after listing.
So for the listing of this security company, do you think the shareholders are going to win hemp again?One person cheers for the graduate school entrance examination