Dongwang times ( Zhejiang Guangsha Co.Ltd(600052) ) announced on March 11 that the company plans to acquire no more than 100% equity of Chongqing Huixian Youce Technology Co., Ltd. (hereinafter referred to as "Chongqing Huixian") in cash. The transaction consideration is expected to be 400 million yuan to 450 million yuan, which will constitute a major asset restructuring.
The predecessor of Dongwang era is 6 Xueda (Xiamen) Education Technology Group Co.Ltd(000526) 00052 in the second half of 2015, it began to complete the withdrawal of major real estate businesses in a planned and step-by-step manner, and gradually transformed into large cultural fields such as film and television media. Up to now, Zhejiang Guangsha Co.Ltd(600052) has basically completed the withdrawal of real estate projects, mainly focusing on TV drama shooting.
However, in recent years, affected by the macroeconomic downturn and the changing regulatory policies of the industry, the market competition has become increasingly fierce. The overall film purchase price of the TV drama market has decreased, the sales cycle of film and television drama production enterprises has lengthened, the project profit has declined, and the volatility of Zhejiang Guangsha Co.Ltd(600052) performance has increased.
Based on this background, Zhejiang Guangsha Co.Ltd(600052) in order to further optimize the company's business structure, reduce performance volatility and improve the company's anti risk ability and sustainable operation ability, as an attempt to transform the company and a supplement to the existing film and television business, Zhejiang Guangsha Co.Ltd(600052) 2021 announced on the evening of July 28 that the company plans to pass the national share transfer system, The 50.54% shares of Zhenglan energy saving held by Wang JUANJUAN, Xu Genhua, Zhang Yuhe, Lu Junhong and Yumu investment were purchased by the combination of call auction trading and after hours block trading, with a total transaction consideration of 156 million yuan. After the completion of the transaction, the company will hold 50.54% shares of Zhenglan energy saving.
Zhenglan energy saving is an enterprise that provides hot water (bathing, drinking, direct drinking, etc.) supply services for schools through the energy-saving design, operation and management of hot water supply system. The products and services provided adopt the technology of air energy combined with Cecep Solar Energy Co.Ltd(000591) as heat source, which greatly improves the energy efficiency compared with traditional gas and electric heating.
In July 2021, Zhejiang Guangsha Co.Ltd(600052) completed the transfer of control, the controlling shareholder of the company was changed to Dongyang Dongke Digital Technology Co., Ltd., and the actual controller was changed to Dongyang state owned assets supervision office. In order to better reflect the company's main business and strategic positioning and enhance the company's comprehensive competitiveness, it is proposed to change the company's name and business scope. The abbreviation of the company's securities will be changed to "Dongwang era" from January 20, 2022.
As the target of this acquisition, Chongqing Huixian was established in 1997, mainly engaged in the investment and operation management of apartment air energy and hot water projects in the education industry, the construction and service of building energy-saving projects, the development of energy consumption supervision platform system and the research and development of relevant energy-saving technologies, and invested in the construction of campus air energy and hot water supply system in the BOT operation mode, It has obtained the user's stable and sustainable project income right for a long time. At present, it has invested in more than 140 projects in key colleges and universities across the country, with an investment amount of more than 400 million yuan.
Li Xiaodong and Chongqing ceju enterprise management consulting center (limited partnership), as performance commitment parties, promise that the net profits to be realized by Chongqing Huixian in 2022, 2023 and 2024 are 41 million yuan, 48 million yuan and 57 million yuan respectively; If the actual net profit realized by the target company in the performance commitment period does not reach the net profit promised above, the performance commitment party shall compensate the company.
When talking about the impact of this acquisition on listed companies, Dongwang Times said in the latest announcement that this acquisition is in line with the company's strategic development direction, helps to speed up the company's business transformation and lays a good foundation for the company's further development in the hot water service industry in Colleges and universities; It helps to further improve the comprehensive competitiveness and follow-up development ability of listed companies, and enhance the anti risk ability and sustainable operation ability of listed companies.
