A-share listed company Yinyi Co.Ltd(000981) ( Yinyi Co.Ltd(000981) , SZ) announced on March 14 that it would invest in the acquisition of part of the equity of xiaolinggou Travel Technology Co., Ltd. (hereinafter referred to as xiaolinggou travel). Xiaolinggou travel is mainly engaged in the leasing business of new energy vehicles. At the same time, Yinyi Co.Ltd(000981) also announced to acquire the main share of an investment fund, which is investing in projects such as automobile chips. Prior to this, the listed company announced in early March that it planned to participate in the reorganization of Zhidou automobile. In this view, after the change of the actual controller, the new energy vehicle industry chain has become the main direction of Yinyi Co.Ltd(000981) investment.
Yinyi Co.Ltd(000981) investment in car rental company
According to Yinyi Co.Ltd(000981) announcement, Ningbo know enterprise management Co., Ltd. (hereinafter referred to as Ningbo know enterprise management), a wholly-owned subsidiary of the company, plans to acquire 5.2020% equity of xiaolinggou travel held by Jiaxing Jiale investment partnership (limited partnership) (hereinafter referred to as Jiaxing Jiale). The announcement said that xiaolinggou travel is a new energy vehicle travel scheme service provider, and its main businesses are leasing services, vehicle residual value management, financial services, second-hand car sales, dismantling and scrapping, etc.
According to the official website of xiaolinggou travel, the registered capital of the company is 116 million yuan; In May 2020, the company integrated Zhejiang Zuo Zhong You Electric Vehicle Service Co., Ltd. and obtained 687.7 million yuan of round a financing in June of the same year. In the round a financing, the valuation of xiaolinggou travel is as high as 5 billion yuan. It is said that at present, xiaolinggou has traveled in more than 80 cities such as Ningbo, Hangzhou and Nanjing, with more than 800 direct / franchise stores, and a total of 98000 new energy vehicles have been put into operation.
In this transaction, the total equity value of the shareholders belonging to the parent company of xiaolinggou travel is RMB 5.844 billion. After negotiation, the transaction price corresponding to the 5.2020% equity of xiaolinggou travel held by Jiaxing Jiale is determined to be RMB 260 million.
In terms of performance, the travel data of xiaolinggou is not optimistic. In 2020 and 2021, the revenue of xiaolinggou travel was 368 million yuan and 319 million yuan respectively, and the net profit in the same period was – 119 million yuan and – 150 million yuan respectively.
For the investment in xiaolinggou travel, the listed company said that the acquisition aims to actively respond to the national policy call for low-carbon travel and green development, practice and develop the new energy strategy, accurately cut into the field of new energy vehicle operation services, cover the whole industry chain of new energy vehicles, and comply with the company’s strategic deployment in the new energy vehicle industry, It is conducive to further enhance the company’s core competitiveness and sustainable operation ability.
intends to invest in semiconductor enterprises indirectly
The reporter of the daily economic news noted that the “marriage” between Yinyi Co.Ltd(000981) and xiaolinggou may be related to Zhidou automobile.
In early March, the listed company announced that it had signed a memorandum with the manager of Zhidou automobile, and planned to invest no more than 400 million yuan to participate in the reorganization of Zhidou automobile and carry out preliminary due diligence. Qixinbao shows that Zhidou electric vehicle technology integration Co., Ltd., a subsidiary of Zhidou automobile, holds 3.61% equity of xiaolinggou travel.
For Yinyi Co.Ltd(000981) , in addition to new energy vehicle leasing, the company also focuses on the semiconductor industry Yinyi Co.Ltd(000981) 3 on March 14, it was simultaneously disclosed that the company’s wholly-owned subsidiary Western Innovation Investment Co., Ltd. (hereinafter referred to as Western venture capital) planned to acquire 99% of the equity investment partnership (limited partnership) (hereinafter referred to as zihehuixin) of Jiaxing zihehuixin held by Ningbo Zhongheng JIAYE Information Technology Co., Ltd. (hereinafter referred to as Ningbo Zhongheng). The agreed transaction price is 301 million yuan.
At present, the investment project of zihehuixin is Zhejiang Hexin integrated circuit Co., Ltd. (hereinafter referred to as Zhejiang Hexin), which holds 268687% equity of Zhejiang Hexin. The business scope of Zhejiang Hexin is integrated circuit chip design and service, integrated circuit manufacturing, etc. the main application fields of products in the future include artificial intelligence, new energy vehicles, consumer electronics, Internet of things, computing center and cloud computing.
As of January 20, 2022, the total owner’s equity of Zhejiang Hexin was 528.6 million yuan; In 2021, the company’s operating revenue was 0 and its net profit was -229096 million yuan.
Yinyi Co.Ltd(000981) said that through the above investment, Western venture capital will become the largest shareholder of Zhejiang Hexin. The transaction conforms to the company’s strategic layout and development plan in the semiconductor industry and is conducive to further enhancing the company’s core competitiveness and sustainable operation ability.
