Zhejiang Wanliyang Co.Ltd(002434) : RMB 110 million acquired 51% shares of Zhejiang Wanliyang Co.Ltd(002434) energy to enter the energy storage business

On January 6, Zhejiang Wanliyang Co.Ltd(002434) announced that the company signed an equity transfer agreement with Zhejiang Wanliyang Co.Ltd(002434) group. The former purchased 51% of the shares of Zhejiang Wanliyang Co.Ltd(002434) energy company held by Zhejiang Wanliyang Co.Ltd(002434) group and other shareholders for 110 million yuan. After the equity transfer is completed, Zhejiang Wanliyang Co.Ltd(002434) energy will become the holding subsidiary of the company.

It is reported that the main business of Zhejiang Wanliyang Co.Ltd(002434) is the R & D, production and sales of light truck transmission, medium truck transmission, heavy truck transmission and passenger car transmission. The company was listed on the Shenzhen SME board in 2010. The Zhejiang Wanliyang Co.Ltd(002434) group holds 28.66% of the shares of Zhejiang Wanliyang Co.Ltd(002434) and is the controlling shareholder of the company.

The announcement shows that Zhejiang Wanliyang Co.Ltd(002434) group holds 67% of the shares of Zhejiang Wanliyang Co.Ltd(002434) energy company and is also the controlling shareholder of Zhejiang Wanliyang Co.Ltd(002434) energy. As the target of this acquisition, Zhejiang Wanliyang Co.Ltd(002434) energy, established in 2019, is mainly engaged in investment and operation of energy storage power stations, spot trading in power market, power safety testing and other businesses. In 2021, the revenue was 27.7049 million yuan and the net profit was 7.0703 million yuan. Zhejiang Wanliyang Co.Ltd(002434) said that the acquisition is conducive to promoting Zhejiang Wanliyang Co.Ltd(002434) energy company to continuously expand and strengthen energy storage, spot trading in power market and other related businesses, and create new business and profit growth points for the company's future development.

According to the company's previous announcement, in recent years, Zhejiang Wanliyang Co.Ltd(002434) energy has deeply cultivated the business of flexible power regulation capacity, and has put into operation four power generation side energy storage power stations in Guangdong, Gansu and other provinces, with a total installed capacity of about 40mW. At present, the total installed capacity of the energy storage power station to be invested and constructed under the signed agreement is about 700MW. At the same time, Zhejiang Wanliyang Co.Ltd(002434) energy vigorously promotes the technical development and project cooperation with user side energy storage power stations such as factories, data centers and charging stations, and helps the power system transform to clean, low-carbon, safe and efficient. In an interview with the media, chairman Huang Heqing said that in order to usher in the tide of domestic new energy vehicles, the company is accelerating the development of "three in one" electric drive system for pure electric vehicles. It is expected that from 2022, "three in one" products and hybrid system products will gradually contribute to the company's performance. With the continuous evolution of electric vehicle technology, especially in intelligent vehicles, the "three in one" electric drive system with integrated design will become the development trend in the future.

Zhejiang Wanliyang Co.Ltd(002434) said that the rapid development of new energy vehicles has effectively promoted the growth of clean power demand, and the infrastructure such as charging stations will also increase rapidly. The new business development of Zhejiang Wanliyang Co.Ltd(002434) energy in user side energy storage power stations such as charging stations will fully benefit from the general trend of rapid development of new energy vehicles.

(China Securities Journal · China Securities Network)

 

- Advertisment -