Changsha Jingjia Microelectronics Co.Ltd(300474) on February 9, it was announced that the company convened the board of directors to consider and pass the proposal on foreign investment to participate in the capital increase project of Shanghai everway avionics Co., Ltd. Changsha qianzhilong Micro Electronics Co., Ltd. (hereinafter referred to as qianzhilong), a wholly-owned subsidiary of the company, plans to increase the capital of AVIC with its own capital of 67.6875 million yuan and subscribe for the newly increased registered capital of AVIC of 37.05 million yuan.
According to the announcement, AVIC was established in 2005, and its business scope covers the sales, installation and maintenance of communication and navigation equipment and supporting products and parts, electronic components, electronic products, instruments and meters, public security systems, etc.
In 2020 and the first three quarters of 2021, AVIC achieved operating revenue of 351 million yuan and 190 million yuan respectively; The net profit was 3.0364 million yuan and -9.2218 million yuan respectively. As of September 30, 2021, the net assets of AVIC were 63.8664 million yuan.
The announcement shows that after the capital increase is completed, qianzhilong will hold 28.50% of the shares of AVIC. Changsha Jingjia Microelectronics Co.Ltd(300474) said that this investment will help to expand the depth and breadth of the company’s R & D. It is an important measure for the company’s strategic layout in the field of chip business, help to promote the in-depth integration of the company’s military informatization and speed up the company’s scientific and technological innovation and R & D process.
