Ceramic tile leader Marco Polo is preparing to go public

Ceramic tile faucet Marco Polo is going on sale

This company is really interesting,

From 2019 to 2021, the operating revenue increased from 8.13 billion yuan to 9.365 billion yuan, and the attributable net profit increased from 984 million yuan to 1.653 billion yuan. The company has good growth potential. I never thought it would go public

And with the deep adjustment of the real estate industry,

In 2022, Marco Polo's operating revenue decreased by 7.52% year-on-year and net profit decreased by 8.40%;

In 2023, Marco Polo's operating revenue slightly increased, but the attributable net profit further declined to 1.353 billion yuan, a year-on-year decrease of 11%.

The company has been thinking about going public since last year.

Ha, during the reporting period, Marco Polo's total cash dividends amounted to 823 million yuan.

Among them, in March 2022, it was approved by the second extraordinary general meeting of shareholders of the company in 2022,

Marco Polo distributed a profit of 500 million yuan to all shareholders,

After two months of complete separation, Marco Polo submitted his motherboard IPO application. Currently, we need to raise around 3 billion yuan in financing,

A real estate supporting industry, you can see how many times investment banks offer PE.

Several phenomena can be seen from Marco Polo's listing:

1、 When a company can truly make money, it will not go public. If you can make money, you won't share it with investors

2、 Many companies only realize that investors have money when the industry is going downhill, they have lost their growth potential, or they are facing difficulties in obtaining bank loans. And if you take the money, you don't have to repay it, and you can also reduce your holdings of stocks

3、 The intention of surprise dividend distribution before going public is very obvious, which is to divide everyone's existing money first, and then use a shell to raise funds.

To be honest, a ceramic tile company knows what they want to do with the current trend in real estate?

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