Shenkangjia A transferred the equity of Yingrui Optoelectronics, with a revenue of 208 million yuan last year and a loss of 145 million yuan.

Recently, Shenkangjia A issued an announcement to transfer the 22.935% stake in Yingrui Optoelectronics Co., Ltd. to the public. As of December 31, 2016, the book value of 22.935% equity of Yingrui Optoelectronics Co., Ltd. was 58.04 million yuan (audited).

Founded in 2010, Yingrui Optoelectronics is mainly engaged in LED epitaxial chips, substrate materials and related components.

In November 2010, Dongguan Konka, a wholly-owned subsidiary of Shenzhen Kangjia A, planned to invest US$22.5 million in equivalent RMB shares in Yingrui Optoelectronics, with a shareholding ratio of 36%. At the same time, the company also invested in Beida Jade Bird Huanyu Technology Co., Ltd. and SBI & BDJB TECHNOLOGY LTD. After the capital increase, the registered capital of Yingrui Optoelectronics increased from US$10 million to US$50 million.

At present, the main shareholders of Yingrui Optoelectronics: Konka Group Co., Ltd. accounted for 22.935%, Hong Kong Quan Teng Co., Ltd. accounted for 19.112%, Beijing Jade Bird Yuda Information Technology Co., Ltd. accounted for 11.467%, Hong Kong Peking University Jade Bird Technology Co., Ltd. 10.193%, Shanghai Shengjin Venture Capital Co., Ltd. accounted for 7.349%, Beijing Shengxin Runcheng Venture Capital Co., Ltd. accounted for 3.550%, Ningbo Jade Bird Venture Capital Co., Ltd. accounted for 7.190%, Shenyang Shenghua Yuetian Technology Co., Ltd., accounting for 18.203%.

According to the announcement, as of the end of 2016, Yingrui Optoelectronics had total assets of 1.639 billion yuan, total liabilities of 1.388 billion yuan, and debt ratio of 84.69%. In terms of revenue data, in 2015, it achieved operating income of 165 million yuan, net profit loss of 129 million yuan; 2016 operating income of 208 million yuan, net profit loss of 145 million yuan, of which accounts receivable of 96 million yuan.

In 2010, Zhang Yujing, who is known as the godfather of China's semiconductors, left SMIC and invested in four LED factories including Shanghai Shengrui Optoelectronics, Shanghai Ruirui Core Optoelectronics and Shanghai Yingrui Optoelectronics, covering the upper, middle and lower reaches. The total investment amount was initially estimated at RMB 3.5 billion.

In the following years, Yingrui Optoelectronics has been in the product development period, and the company has been in a loss state. According to the Shenzhen Kangjia 2013 Annual Report, as of December 31, 2013, Yingrui Optoelectronics had a net asset of 243.3 million yuan. The company has been operating for 4 years. The total loss was 56.69 million yuan.


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