The hottest is to enter the field of traction powe

In order to enter the field of traction power supply equipment, Yunda technology plans to acquire associated companies

daily economy (,) Jin level daily economic internship Xu Fei

rail transit vehicle detection and control equipment supplier (,) for 334million acquisitions. Yunda Technology (300440, SZ) announced in the morning of November 19 that the company plans to acquire 100% equity of Huiyou electric held by Yunda group with 334million yuan in cash. Yunda group is the controlling shareholder of Yunda technology, holding 51.37% of the shares of Yunda technology. Yunda technology and Huiyou electric are the same actual controllers, and this transaction constitutes a connected transaction

"the acquisition of Huiyou Electric will help the company quickly enter the business field of traction power supply equipment." Yunda technology said. Bo, a representative of Yunda technology securities affairs, told the daily economy that the company had an in-depth understanding of the target, and the acquisition was to facilitate the company to enter the field of traction power supply equipment faster; At the same time, the acquisition is paid in installments, and the performance commitment is to give money every year

the target performance commitment is 91 million yuan in three years.

he Hongyun, the actual controller of Yunda group, is also the actual controller of Yunda technology. If the acquisition is completed, Huiyou Electric will become a wholly-owned subsidiary of Yunda technology

it is reported that the acquisition adopts the income method to evaluate the results. The market value of all shareholders' equity of Huiyou electric on the benchmark date of September 30, 2018 was 344million yuan, an increase of 243million yuan over the book net assets, with a value-added rate of 241.66%. After negotiation between the two parties, it is of great scientific significance to develop photochromic Polycyano coordination compounds with room temperature magneto-optical effect. This transaction is priced at 334million yuan

Yunda group also made a commitment to the parent net profit of Huiyou electric in the next few years: the parent net profit of Huiyou electric in 2018 and 2019 (before and after deducting non recurring profits and losses, whichever is lower) is not less than 25 million yuan, 30 million yuan and 36 million yuan respectively, a total of 91 million yuan. In any year of 2018, 2019 and 2020 during the commitment period, if the target fails to achieve the above performance commitment goals, Yunda group shall compensate Yunda technology in cash

in 2017 and the first three quarters of 2018, Huiyou Electric's revenue was 94.7453 million yuan and 39.1662 million yuan respectively, and its net profit was 23.7355 million yuan and 6.4911 million yuan respectively. However, the net profit achieved in the first three quarters of this year is more than 18.5 million yuan less than the performance commitment target of 25million yuan

"the performance commitment should be able to be fulfilled, otherwise, Yunda group will not make such a commitment. We also have a full understanding of the target, and the relevant information is also disclosed in the announcement." Wang Jianbo said to

according to Yunda technology, the purchase of Huiyou Electric will be made in cash installments. Within 15 days after the aforesaid payment preconditions are completed or exempted by the transferee, Yunda technology will pay 40% of the equity transfer consideration to Yunda group. The remaining funds will pay 20% of the equity transfer consideration to Yunda group within 15 days after the annual audit report from 2018 to 2020

Wang Jianbo said, "this acquisition is an installment payment, and the performance commitment is to give money every year."

intended to enter the field of traction power supply equipment

according to Yunda technology, Huiyou Electric is a professional traction power supply equipment supplier for rail transit electrification, specializing in the research, production and service of railway electrical equipment under the production reduction and production restriction policy issued by the recent leaders' meeting of central and Eastern European countries in Tangshan region. The target has mastered a number of solutions to key technical problems unique to rail transit traction power supply system. According to the low repeatability information of Huiyou electric official test, the company has successfully developed and promoted three categories and 13 series of main products, which are widely used in domestic high-speed and ordinary speed electrified railways

"Huiyou Electric has long been committed to the R & D and manufacturing of railway electrical equipment systems, and has formed its core technology system and market reputation in the traction power supply equipment system. The company's acquisition of Huiyou Electric will help it quickly enter the business field of traction power supply equipment." Yunda technology said

Wang Jianbo said that Yunda technology strategy also has a layout in the field of traction power supply equipment. The acquisition of Huiyou electric can enable the company to enter this field as soon as possible

as a rail transit intelligent system supplier, Yunda technology has made frequent mergers and acquisitions in recent years, which is not its first acquisition of a company under the actual controller he Hongyun. In March 2016, Yunda technology announced that it had received 89.9% of the shares of Hengxin electric at a price of 180million yuan, of which 85.74% came from Baode Dingfeng controlled by its controller, he Hongyun. In February, 2018, the company announced that it would use about 11million yuan to include the remaining 10.05% equity of Hengxin electric. After the completion of the transaction, Hengxin electric became its wholly-owned subsidiary

industry analysts said that after non listed companies in the rail transit industry embrace listed companies, the former can obtain capital support from the latter, and the latter can also use the former's technology and market reserves to expand its resource pool

(: tangmingmei)