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The value of the first half of the year 1.4 billion yuan, the value-added rate of 100%, coupled with the president assault shares caused questioning, which makes Xunyou Technology (300467, SZ) 2.7 billion acquisition Lion roar Technology Co., Ltd. (hereinafter referred to as the lion roar) of the transaction, causing market concerns. "daily News "reporter noted that the lion's roar products in the domestic visibility rate is not high, which makes a lot Have questioned the price of the transaction. Shenzhen Stock Exchange also issued a letter of concern, requirements Indicating that the lion of the roar of the value of the rationality of too fast. How is the lion's roar? Since its inception in May 2014, Lions' main business has focused on mobile Internet , Mainly engaged in mobile phone system tool software research and development and promotion, the main products for mobile client software products, features for mobile phone system cleanup, battery , Network management, system security and so on. In other words, the lion roar of the product is similar to "clean up the master", "power experts" and so on, it seems not difficult coefficient of high product. Lions roar of the founders in the industry is more well known for the "Lu master" software author Lu Jin, currently directly hold the lion roar 28.27% of the shares. Unlike everyone familiar with the mobile phone cleaning software, the lion's roar business for overseas markets. Xirou Technology said that the lion roar products mainly through the overseas application market Google Play, App Store, LG Store and Samsung application store release, business The main source for mobile software built-in advertising, the company's business has now covered Europe and the United States, Wait. Over the past two years, lions roar performance increased significantly, 2016 annual operating income of 431 million yuan, net $ 124 million. In 2015, the lion roar operating income of 29.8671 million yuan, Loss of 270.338 million yuan. In the afternoon, at the reorganization briefing session held by Xunyou Technology, Lu Jin, founder of the lion roar, said that in 2015, the company's business has not yet been fully carried out, once the business can be profitable, the company did not use the model to develop the burn. Xunyou technology acquisition lion roar of the transaction To 2.7 billion, and six months ago, the lion's roar of the valuation of only 1.3 billion. To this end, the Shenzhen Stock Exchange Company Management Department issued a inquiry letter to Xunyou Technology, requiring the company to explain "the subject matter of the transaction within a short period of time substantial growth" rationality and fairness. Reporters noted that, according to the report issued by the assessment agency, as of the end of 2016 Under the premise of the lion roar Book value of 249 million yuan. And use After the assessment of the assessment value of 2.778 billion yuan, the assessed value of 2.529 billion yuan, the appreciation rate of 1014.79%. In December 2016 equity transfer, the lion roar of the valuation of 1.3 billion. Xunyou technology said that the valuation of the time for the parties to determine the transaction, with reference to the 2016 equity transfer valuation in May, the valuation is also built in the lion roar 2016 early estimate of the net profit of 100 million yuan , 13 times forecast Based on the valuation. Xunyou technology and that the transaction valuation of 2.7 billion, is to The evaluation conclusion is based on the pricing basis and is independently estimated according to the profitability of 2017. Compared to a year ago, the lion's roar The team also added performance , And the lion roar with the listed company has obvious The Performance commitments show that 2017 ~ 2019, lion roar deduction non-net profit were not less than 192 million yuan, 250 million yuan and 324 million yuan. But if the actual net profit did not meet the commitments, the lack of part of the way to compensate for shares. For the price of 2.7 billion, Xunyou science and technology, one of the president, president Yuan Xu in the reorganization of the briefing on the "Daily Economic News" reporter said the lion roar is not a sudden out of the company, which has a very experienced Excellent team, founder of Lu Jin was a master of Windows optimization master, founder of Lu, in the industry has a very senior background, there are more than 10 years of accumulation and precipitation. At present, the lion roar market 100% from overseas, which is the rapid development of science and technology hope to expand the field. The future, including the game and mobile Internet industry, as the overseas market entrance, Xunyou technology will be in-depth collaboration with the lion roar. "A transaction is expensive or cheap, can not use the eyes of the moment to see, and even we think the lion's roar of the future value, far more than the number." Yuan Xu added that the two sides did not have any differences in the valuation. "The two of us even did not even discuss the valuation, we attach importance to the development of the two sides after the direction of cooperation.