On April 9, Shellett announced that it would terminate the previously planned acquisition of the assets of the education industry.
Shell Wright said that as of the disclosure date of this announcement, the company and the parties involved in the transaction have conducted in-depth discussions and communication on this important matter, taking into account the operating conditions of the underlying company and the company's acquisition costs, investment risks and other factors. The company and the counterparty failed to reach an agreement on the content of the transaction plan for this major event. In order to effectively protect the interests of all shareholders and the company of the listed company, the company decided to terminate the planning of this major event after careful study.
"The company's termination of this major event will not affect the company's production and operation and shareholders' equity, and will not affect the company's long-term development." Sheilaite also said, "The company will continue to seek extensional development opportunities and strive to operate in the future." The optical technology application '+' new energy vehicle key components 'two-wheel drive development two business segments to enhance the company's future competitiveness and profitability."
Judging from the action of Shellett's termination of the education industry's target acquisition, the future may be more determined in the development of new energy auto parts business.
In fact, in the field of new energy vehicles, Shellett has a long-term layout. In recent years, Shell Wright has continued to firmly implement the integrated development strategy of “increase internal extensionâ€, and lay out emerging industries through industrial fund external investment, mergers and acquisitions, etc., and enhance the company's future competitiveness and sustainable development capabilities.
Today, from LED headlights to auto parts business, Shellett has a certain customer base in the field of new energy vehicles. On April 3, Shell Wright said on the interactive trading platform that Zhuo Yu Technology’s sales amount to Ningde Times and its subsidiaries in 2017 was 25.96 million yuan. In 2018, the company expects sales of power lithium Battery production equipment to Ningde era and its subsidiaries to increase by a certain amount compared with 2017.
According to public information, Zhuoyu Technology's main business scope is the development and sales of automation equipment and parts; technology development, design and sales of hardware products; domestic trade; import and export of goods and technology; production of automation equipment, parts and hardware, hardware products .
In order to further enhance the financial strength of Zhuo Yu Technology, it will help it actively develop customers and enhance its scale of new energy auto parts business and market competitiveness. Shellett previously announced on March 20 that the company intends to own The capital contribution will increase the capital of Zhuo Yu Technology by 30 million yuan. After the capital increase is completed, the registered capital of Zhuoyu Automation will be changed to 35 million yuan, and the company holds 100% of its equity.
Shell Wright said that the company's capital increase to the subsidiary is in line with the company's development strategy, which is conducive to consolidating the company's strategic layout in the key component business of new energy vehicles.
In fact, before the integration of Zhuo Yu Technology, Shellett's performance in 2017 has been relatively satisfactory. According to the 2017 annual report of Shell Wright, in 2017, the company achieved operating income of 1.026 billion yuan, a year-on-year increase of 26.08%, and a net profit of 55.87 million yuan, an increase of 37.94%.
After the acquisition and capital increase of Zhuoyu Technology, Shellett will continue to exert its strength in the key component business of new energy vehicles, and promote the development of “light technology application†+ “key parts of new energy vehiclesâ€.
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