On March 9, Ningbo Kangqiang Electronics Co.Ltd(002119) issued the announcement of the resolution of the first extraordinary general meeting of shareholders in 2022, which elected Ye Ji, Lin Binghan, Zheng Fang and Zheng Fei as non independent directors of the seventh board of directors of the company, and Xu Meiguang, Lei Guangyin and he Zheng as independent directors; Zhou Bo and Du Jiangxia are the shareholder representative supervisors of the seventh board of supervisors of the company. On the same day, the company also issued the announcement of the resolution of the first meeting of the seventh board of directors, electing Ye Ji as the chairman of the seventh board of directors and founder Zheng Kangding as the lifelong honorary chairman of the company.
It is worth noting that ye Ji was just elected as the chairman of Ningbo Kangqiang Electronics Co.Ltd(002119) major shareholder Yinyi Co.Ltd(000981) in mid December last year. After the completion of this term change, ye Ji will officially take the helm of the two listed companies.
major shareholder reorganization landing
general election pushed forward simultaneously
Back in February last year, Ningbo Kangqiang Electronics Co.Ltd(002119) the term of office of the board of directors and the board of supervisors expired, but it was delayed because the nomination of candidates for the new session had not been completed. At that time, the largest shareholder of the company proposed to hold an extraordinary general meeting of shareholders on February 26, 2021, but withdrew it five days later, so it was questioned by the Shenzhen Stock Exchange. What is the reason behind the change of the company’s board of directors after one year of extended service?
A person familiar with Ningbo Kangqiang Electronics Co.Ltd(002119) told the Securities Daily: “it was mainly because Ningbo Kangqiang Electronics Co.Ltd(002119) major shareholder Yinyi Co.Ltd(000981) was in the key stage of reorganization, which affected the internal management of the company. With the recent completion of Yinyi Co.Ltd(000981) reorganization, the election for the next term of the company was also promoted simultaneously.”
According to public information, Yinyi Co.Ltd(000981) previously, in order to solve the problems of capital occupation, debt default and performance commitment of major shareholders, the reorganization plan was published in October 2020, with Jiaxing zihejinxin equity investment partnership (limited partnership) (hereinafter referred to as “zihejinxin”) as the reorganization investor of the company. On February 28, 2022, Yinyi Co.Ltd(000981) announced that the whole plan had been implemented, and zihejinxin became the new controlling shareholder of Yinyi Co.Ltd(000981) with 29.89% shareholding ratio, and its actual controller Ye Ji also became the new actual controller of Yinyi Co.Ltd(000981) new.
What changes will ye Ji bring to the development of the company when he becomes the head of Ningbo Kangqiang Electronics Co.Ltd(002119) at the same time?
Yinyi Co.Ltd(000981) relevant person in charge told reporters: “Under the circumstance that the global ‘core shortage tide’ continues to promote the high momentum of the semiconductor industry, Ningbo Kangqiang Electronics Co.Ltd(002119) has broad prospects for future development. Chairman Ye Ji has previously invested 10 billion yuan in Jiaxing to build Jiaxing semiconductor industrial park. At the same time, ye Ji has rich experience in M & A integration. I believe that this new helmsman will bring new momentum to Ningbo Kangqiang Electronics Co.Ltd(002119) future development. ”
semiconductor industry boom
strong growth potential
Even if Ningbo Kangqiang Electronics Co.Ltd(002119) changed the head, the evaluation of the company in the industry has not been reduced.
In recent years, the market demand of China’s semiconductor industry is strong, especially the emerging industries represented by artificial intelligence, intelligent manufacturing, automotive electronics, Internet of things and 5g have ushered in rapid development, and the market scale and technical level are constantly improving, Ningbo Kangqiang Electronics Co.Ltd(002119) facing very valuable development opportunities.
Qian Xiangjin, a distinguished professor at the school of management of Zhejiang University, said in an interview with Securities Daily: ” Ningbo Kangqiang Electronics Co.Ltd(002119) is a leading enterprise in the sub industry of semiconductor packaging materials, and the technical level of many products has reached the leading level in China. The company has a stable customer base and sales network, and the coverage of main products such as lead frame and bonding wire in China is as high as 60%, of which the output of lead frame ranks first and the output of bonding wire ranks second in China Thanks to the rapid growth of China’s integrated circuit industry, the company has also maintained a stable operating level in recent years. In addition, while steadily expanding the Chinese market, the company continues to strengthen the development of overseas markets. At present, it has passed the certification of many international well-known semiconductor enterprises, with strong performance growth potential. “
According to the performance report disclosed by Ningbo Kangqiang Electronics Co.Ltd(002119) previously, from 2018 to 2020, the company achieved net profits of 802366 million yuan, 925829 million yuan and 87.931 million yuan respectively. In 2021, the company is expected to achieve net profits of 175200 million yuan, with a pre increase of 99.02% – 127.45%.
Qian Xiangjin also said: “As the penetration rate of new energy vehicles increases and the development trend of vehicle intelligence and networking is significant, automotive semiconductor is expected to become the semiconductor segment industry with the highest prosperity in the future. Ningbo Kangqiang Electronics Co.Ltd(002119) major shareholder Yinyi Co.Ltd(000981) is making full efforts in the manufacturing of new energy vehicles, and is expected to promote all-round industrial coordination with Ningbo Kangqiang Electronics Co.Ltd(002119) around the field of new energy and promote the high-quality development of their core businesses Exhibition. “
