Shenzhen Topband Co.Ltd(002139) ( Shenzhen Topband Co.Ltd(002139) ) announced on the evening of March 25 that it planned to spin off its holding subsidiary research and control automation to be listed on the gem of Shenzhen Stock Exchange. Through this spin off, Shenzhen Topband Co.Ltd(002139) will further realize business focus, focus more on home appliances, tools, new energy and other businesses, build research control automation into an independent listing platform for the company’s subordinates to engage in the R & D, production and sales of motion control core components, enhance capital strength through gem financing, and realize the expansion and strengthening of industrial control business sector.
achieve business focus
Founded in 2006, R & C automation is committed to the R & D, manufacturing and sales of motion control core components. Since its establishment, R & C automation has been focusing on providing stable and reliable motion control technology, products and solutions for intelligent equipment manufacturing industry, so as to improve the automation and intelligence level of industrial manufacturing industry.
Research and control automation mainly develops and sells motion control products, including stepping products, servo products and motion controller products. After more than ten years of technology research and development and market expansion, research control automation has become one of the few enterprises in China that can provide overall solutions for motion control. Its products are widely used in semiconductor equipment, 3C electronic equipment, medical equipment, textile machinery, packaging machinery and other industries.
In terms of equity structure, Shenzhen Topband Co.Ltd(002139) directly holds 71.54% equity of research control automation and is the controlling shareholder of research control automation. Wu Yongqiang directly holds 16.87% of the shares of Shenzhen Topband Co.Ltd(002139) and is the controlling shareholder and actual controller of Shenzhen Topband Co.Ltd(002139) company.
In terms of performance, from 2019 to 2021, the operating revenue of research control automation was 176 million yuan, 258 million yuan and 297 million yuan respectively. The net profit in the same period was 155718 million yuan, 435097 million yuan and Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) million yuan respectively.
The shareholding structure of the subsidiary of Shenzhen Research Institute will remain unchanged after the split and will remain controlled to Shenzhen Research Institute.
Through this spin off, Shenzhen Topband Co.Ltd(002139) will further realize business focus, focus more on home appliances, tools, new energy and other businesses, build research control automation into an independent listing platform for the company’s subordinates engaged in the R & D, production and sales of motion control core components, enhance capital strength through gem financing, and realize the expansion and strengthening of industrial control business. This spin off will further enhance the overall market value of the company and enhance the profitability and comprehensive competitiveness of listed companies and their subsidiaries.
broaden financing channels
It is understood that Shenzhen Topband Co.Ltd(002139) (in addition to the research and control automation business) is mainly engaged in the R & D, production and sales of intelligent controllers, lithium batteries and high-efficiency motors. Its products are mainly for home appliances, tools, new energy and other industries. The main business of research control automation is the R & D, production and sales of motion control core components. It belongs to the field of motion control, which is different from other application fields and customer groups of the company’s products.
Research control automation is mainly engaged in the R & D, production and sales of motion control core components, maintaining high business independence with Shenzhen Topband Co.Ltd(002139) other subsidiaries. The separation of research control automation to the gem of Shenzhen Stock Exchange will not have a material impact on the continuous operation of Shenzhen Topband Co.Ltd(002139) other subsidiaries.
Shenzhen Topband Co.Ltd(002139) said that through spin off and listing, research control automation can directly raise funds through the capital market to increase subsequent R & D investment and supplement the funds required for operation, so as to improve the strength of the company. Spin off and listing can effectively broaden the financing channels of research and control automation, improve the financing flexibility, reduce the capital cost, and provide sufficient capital guarantee for the follow-up development of research and control automation.
Shenzhen Topband Co.Ltd(002139) recently announced the 2021 annual report. Last year, the operating revenue was 7.767 billion yuan, a year-on-year increase of 39.69%; The net profit was 565 million yuan, a year-on-year increase of 6.16%; The basic earnings per share is 0.47 yuan. Meanwhile, the company plans to distribute a cash dividend of 0.50 yuan (including tax) to all shareholders for every 10 shares.
