The most “trench” A-share company Foxconn Industrial Internet Co.Ltd(601138) has made another big move. On April 12, Foxconn Industrial Internet Co.Ltd(601138) invested and established a private placement company in Tianjin, and the private placement industry welcomed the entry of heavyweight enterprises.
Foxconn invested and established a private placement company in Tianjin
According to tianyancha data, Hongyi investment (Tianjin) Co., Ltd. was established on April 12, with a registered capital of 10 million yuan. Its business scope includes: engaging in equity investment, investment management, asset management and other activities with private equity funds.
From the perspective of shareholders, the company is jointly held by Tianjin Guofu Xinlian management consulting partnership (limited partnership) and Foxconn Industrial Internet Co.Ltd(601138) with shareholding ratios of 51% and 49% respectively.
However, up to now, Hongyi investment has not completed the registration in China Securities Investment Fund Industry Association
At present, there are four key personnel disclosed by Hongyi investment, of which Zhuang Yu is the actual controller of the company, and Zhuang Yu is also the actual controller, executive director and manager of Tianjin Fulian New Management Consulting Co., Ltd.
In addition, Guo Junhong is the chairman of Hongyi investment. It is understood that Guo Junhong is currently the Foxconn Industrial Internet Co.Ltd(601138) chief financial officer and Secretary of the board of directors.
Foxconn Industrial Internet Co.Ltd(601138) lavishly throw 10 billion yuan into LP
Recently, Foxconn Industrial Internet Co.Ltd(601138) has made frequent moves. In addition to investing in private placement, it has also invested 10 billion yuan to start LP On March 29, Foxconn Industrial Internet Co.Ltd(601138) announced that the company signed the partnership agreement with Zhilu capital on March 25, and the company, as a limited partner, subscribed 9.8 billion yuan of Xingwei fund, which was funded from the company’s own funds.
The total fund-raising scale of Xingwei fund is 9.801 billion yuan, and the subscribed capital contribution of Zhilu capital is 1 million yuan, with a contribution ratio of 0.01% Foxconn Industrial Internet Co.Ltd(601138) subscribed capital contribution of 9.8 billion yuan, accounting for 99.99%. Xingwei fund plans to realize investment income by investing in high-end precision manufacturing industry projects.
It is understood that Zhilu capital is the general partner and executive partner of Xingwei fund and the fund manager of Xingwei fund. Zhilu capital was registered with China Securities Fund Industry Association on July 27, 2017. It is a global professional equity investment institution, focusing on investment opportunities in semiconductor core technology and other emerging high-end technologies. At present, there are 38 managed funds registered with China Securities Fund Industry Association.
In terms of duration, it is 8 years from the date of the first paid in capital contribution of the partnership. The 1st-5th year is the investment period and the 6th-8th year is the operation exit period. In order to ensure the orderly liquidation of all investment projects of the partnership, it can be extended twice with the unanimous approval of all partners, and the extension time of each time shall not exceed 1 year.
Foxconn Industrial Internet Co.Ltd(601138) said that the investment fund is to grasp investment opportunities and reduce investment risks in time by using the investment experience of professional investment institutions and through a professional investment management team on the premise of ensuring the development of the company’s main business. At the same time, the investment fund platform is used to effectively grasp the market development opportunities and realize the sustainable and healthy development of the company. The capital source of this investment is the company’s own funds. This investment will not affect the normal operation of the company’s daily production and operation activities, and will not have a significant impact on the company’s financial and operating conditions.
Foxconn Industrial Internet Co.Ltd(601138) continuously expand industrial layout
In fact, Foxconn Industrial Internet Co.Ltd(601138) has already taken action with huge cash flow. In 2021 alone, Foxconn Industrial Internet Co.Ltd(601138) successfully promoted four investments, including Shengfeng fund, hengdrive motor and Siling Siasun Robot&Automation Co.Ltd(300024) including new energy vehicles, intelligent Siasun Robot&Automation Co.Ltd(300024) and other fields.
For the future investment direction, Foxconn Industrial Internet Co.Ltd(601138) disclosed in the annual report that on the one hand, it will continue to dig vertically and deeply to consolidate its leading position in the electronic information manufacturing industry. On the other hand, expand the industrial layout horizontally, firmly grasp the opportunities in the fields of semiconductors, new energy vehicles, metauniverse and industrial Internet, and create a second growth curve.
In addition, Foxconn Industrial Internet Co.Ltd(601138) also mentioned that digital transformation has become the general trend of the global manufacturing industry, and intelligent manufacturing and industrial Internet have been regarded by more and more people as important paths and technical means to realize digital transformation Foxconn Industrial Internet Co.Ltd(601138) put forward the two wheel drive technology path of “intelligent manufacturing + industrial Internet” at the beginning of listing, and is committed to becoming an overall solution service provider for intelligent manufacturing and industrial Internet. It is hoped that through the effective integration of industry resources, we can help the digital transformation of traditional manufacturing industry. In addition, the investment experience of professional investment institutions is used to invest in high-end precision manufacturing industry projects.
Foxconn Industrial Internet Co.Ltd(601138) “not bad money”
On March 22, Foxconn Industrial Internet Co.Ltd(601138) announced that it spent 47.6 billion yuan on financial management and structured deposits, which is also known as “the most entrenched A shares”.
The announcement shows that Foxconn Industrial Internet Co.Ltd(601138) board of directors held the 19th meeting of the second board of directors on March 22, 2022, deliberated and adopted the proposal on using idle self owned funds to purchase financial products and structured deposits, and agreed that the company and its subsidiaries use idle self owned funds with a maximum amount of no more than 47.6 billion yuan to invest in financial institutions such as banks and bank financial subsidiaries, which have high security, good liquidity and Medium and short-term (no more than one year), principal guaranteed financial products and structured deposits, within the above limit, the funds can be used on a rolling basis.
The source of funds for purchasing financial products and structured deposits is the idle self owned funds of the company and its subsidiaries.
Foxconn Industrial Internet Co.Ltd(601138) said that under the condition of ensuring the working capital required by the company’s normal operation, the company’s purchase of financial products and structural deposits with idle own funds will not affect the company’s daily capital turnover needs, will not affect the normal development of the company’s main business, and will be conducive to improving the efficiency of capital use and increasing the company’s income.
However, because few listed companies can spend 47.6 billion yuan to buy financial management and structural deposits at one stroke, Foxconn Industrial Internet Co.Ltd(601138) has also been called “the most entrenched A-share listed company” by netizens. In view of the above situation, Foxconn Industrial Internet Co.Ltd(601138) chief financial officer and Secretary of the board of directors Guo Junhong responded at the media exchange meeting of 2021 annual performance report that the global economy is facing risks such as inflation and cyclical economic fluctuations. The relevant financial arrangements of the company are designed to improve the utilization rate of funds and offset macro risks.
On March 22, Foxconn Industrial Internet Co.Ltd(601138) disclosed the annual performance report of 2021. The data showed that Foxconn Industrial Internet Co.Ltd(601138) achieved an operating revenue of 439557 billion yuan in 2021, a year-on-year increase of 1.8%; The net profit attributable to shareholders of listed companies was 20.01 billion yuan, with a year-on-year increase of 14.8%, and the revenue and profit reached a record high.
Foxconn Industrial Internet Co.Ltd(601138) said that under the strategic guidance of “data driven and green development”, the company will continue to deeply cultivate the digital economy industry, firmly grasp the opportunities in the fields of semiconductors, new energy vehicles, metauniverse and industrial Internet, and create the second growth curve.
Up to now, Foxconn Industrial Internet Co.Ltd(601138) reported 10 yuan / share, with the latest total market value of 19.651 billion yuan.
