After 7 months, Shanghai Belling acquired Ruinengwei for 590 million yuan and has been approved by the China Securities Regulatory Commission. Ruinengwei is currently ranked first in the market share of smart metering chips in China, and Shanghai Belling will take the opportunity to become domestic intelligence. The largest supplier of metering chips.
Recently, Shenzhen Ruineng Micro Technology Co., Ltd. ("Rui Nengwei") released the 2017 mid-year report. The mid-year report showed that the operating income in the first half of this year was 56.644 million yuan, down 2.48% from the same period of last year. The net profit of the listed company's shareholders was 13.557 million yuan, an increase of 4.99% over the same period of last year. As of June 30 this year, Ruineng Micro Assets totaled 133 million yuan.
The China Daily disclosed that after several product iterations in the first half of the year, Ruinengwei ranked first in the market share of smart metering chips in China, and formed a competitive advantage in terms of design capability, cost control, and customer base. Metering chips occupy an important position in the market and are in the leading position in the industry.
At present, Ruineng Micro has become one of the major suppliers of electric energy metering chips for State Grid and China Southern Power Grid. In the first half of this year, the market share of Ruineng Micro Smart Meter Metering Chips has continued to rank first in the industry. According to the announcement, in the smart meter meter chip industry, Rui Nengwei's profit model is clear, and it can obtain profits by selling independent development of various types of integrated circuit chips with core competitiveness. At the same time, with the development of market products and technologies, the technical advantages of Ruinengwei in the chip industry become more and more obvious, which makes downstream enterprises rely on their products and technical services.
Ruineng Micro focuses on the field of integrated circuit design. Its main business is the development, design and sales of smart meter chips, IoT RF chips and smart power chips. It has a first-class modular mixed design team and has integrated circuit design in the national planning layout. Corporate certificate. Sharp Energy is rapidly implementing product iterations, directly facing customers, accurately grasping forecasts, and achieving rapid delivery. At the same time, it cooperates with companies in the same industry to realize the service from the cloud to direct customers and form a complete ecological chain.
However, with the formal review by the China Securities Regulatory Commission through the acquisition of Ruinengwei by Shanghai Belling, Ruinengwei will apply to the share transfer system for termination and change to a limited liability company, becoming a wholly-owned subsidiary of Shanghai Belling. According to the announcement issued by Shanghai Belling, Shanghai Belling intends to purchase 100% equity of Ruineng Micro held by Ruineng Micro-Shareholders through the issuance of shares and payment of cash. The initial value of the underlying assets is 590 million yuan. Among them, 40% of the transaction consideration is paid in cash, and 60% of the transaction consideration is paid by way of issuing shares. The price of the issued shares is 13.74 yuan/share. At the same time, the issuance of shares to raise matching funds, the total amount of raised funds is expected to not exceed 245 million yuan, used to pay consideration and payment intermediary fees.
Shanghai Belling has said that in order to achieve the strategic goal of making Shanghai Beiling smart metering business bigger and stronger, expand business scale, improve industry status, build sustainable competitive advantage; concentrate research and development strength, respond to new trends in the industry; acquire Ruinengwei To achieve mutual complementarity and synergy.
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