Abstract: The rise of shared bicycles such as Mobike and ofo has had an impact on Yonganxing’s main business.

Before the issuance, Jinglin Jingqi, Jinglin Xiyu and Shanghai Jingpu held 5,355,938, 1,785,312, and 7,703,125 shares of Hupu Sports respectively, holding a total of 14,844,375 shares of Hupu Sports, accounting for 14.85% of the pre-issuing share capital of Hupu Sports.It indirectly holds 2.09% equity interest in the issuer through Shanghai Lianghu and Shanghai Zhihu, and holds a total of 31.65% equity interest in the issuer.

  A senior executive of Hupu Sports confirmed to Leidi.com that the review of the IPO had been terminated, but did not disclose the next step.Hupu (Shanghai) Culture Communication Co., Ltd. is in the list of companies that apply for termination of review of initial public offerings in 2017 recently announced by the China Securities Regulatory Commission. The date of termination of review is March 22, 2017.On January 3, 2017, *ST Yaxing announced that the major asset restructuring would be terminated, and *ST Yaxing’s profit in 2016 would turn around to avoid the embarrassment of being forced to delist, which led to the abortion of Hupu Sports’ listing plan.

  Hupu Sports’ revenue in 2014 was 140 million yuan and its net profit was 7.45 million yuan. Hupu Sports’ revenue in 2013 was 98.37 million yuan and its net profit was 15.12 million yuan. There was a considerable decline.According to the listing application materials submitted by Hupu Sports, Hupu Sports’ revenue in 2015 was 200 million yuan, its operating cost was 71.52 million yuan, its operating profit was 27.66 million yuan, and its net profit reached 31.57 million yuan.

The difference between Hupu Sports and BGI this time is that BGI has suspended the review, while Hupu Sports has terminated the review.

In 2013, 2014 and 2015, the amount of government subsidies included in the current profit and loss of Hupu Sports was 2.5465 million, 3.6398 million and 6.8012 million respectively, accounting for 14.57%, 44.02% and 19.76% of the pre-tax profit for the same period respectively.The specific adjustment formula is: ▼   In other words, the company must ensure that the capital increase price of round X is not lower than that of round X-1. Otherwise, the shareholders who entered the market in round X-1 will have the right Request a readjustment of the company's shareholding ratio.

Take open-screen display and homepage display as examples: ▼   Brand advertisements are usually placed in very conspicuous and most exposed "traffic entrances". Only by attracting attention can they play the role of brand promotion. ! Brand advertisements are usually sold to customers on a monthly or yearly basis. The delivery period is long, the delivery cost is high, and the delivery effect is not guaranteed.The other category is: Internet giants and hardware manufacturers.

They are Beijing Innovation and Factory Fund, which together hold 8.71% of the company's shares.This is actually an anti-dilution protection strategy for shareholders.