Midea Group Co.Ltd(000333) takes over Shenzhen Clou Electronics Co.Ltd(002121) ( Shenzhen Clou Electronics Co.Ltd(002121) ) to expand the layout of new energy Shenzhen Clou Electronics Co.Ltd(002121) announced the package deal arrangement on May 23. After the completion of relevant transactions, Midea Group Co.Ltd(000333) will become the controlling shareholder of Shenzhen Clou Electronics Co.Ltd(002121) company.
work together
Midea Group Co.Ltd(000333) is a world’s top 500 technology enterprise with diversified industrial layout. It is optimistic about the development prospect of the new energy industry and has strong business development and financial strength. The acquisition of Shenzhen Clou Electronics Co.Ltd(002121) controlling shares is an important measure for Midea Group Co.Ltd(000333) to promote the layout of the new energy industry around “carbon peak and carbon neutrality”.
Shenzhen Clou Electronics Co.Ltd(002121) was established in 1996 and listed on Shenzhen Stock Exchange in 2007 Shenzhen Clou Electronics Co.Ltd(002121) is a national key high-tech enterprise, whose core business is smart grid, energy storage and charging pile business. From the perspective of main business, the company’s main business income is relatively stable, with a revenue scale of more than 3 billion yuan in recent three years, and the main business is stable and good.
In recent years, Shenzhen Clou Electronics Co.Ltd(002121) has a heavy historical debt and operating burden, and its overall development is slow. However, Shenzhen Clou Electronics Co.Ltd(002121) has been deeply engaged in smart grid, energy storage and other main industries, and has a deep technical, talent and market foundation Shenzhen Clou Electronics Co.Ltd(002121) has participated in the formulation of national and industrial standards for many times, and has leading technical advantages in the industry, strong technological innovation ability and comprehensive competitive advantage.
As one of the enterprises that entered the energy storage industry earlier in China, Shenzhen Clou Electronics Co.Ltd(002121) put into operation the energy storage project, the discharge has exceeded 100GWh, and its invested and operated Haifeng 30MW energy storage auxiliary frequency modulation project won the first batch of scientific and technological innovation (energy storage) pilot demonstration projects of the National Energy Administration.
In recent years, Shenzhen Clou Electronics Co.Ltd(002121) firmly grasped the opportunity of China’s dual carbon construction, focused on its own core advantages, vigorously expanded the market outside China and accelerated the overseas business layout of energy storage. In recent six months, it has successively signed energy storage contracts such as 69mwh, 485mwh and 201mwh, laying a solid foundation for future development. Energy storage is the key technology supporting the development of renewable energy and new power system, and will usher in the historical opportunity of leapfrog development.
The original intention of Shenzhen Capital Group’s stake in Shenzhen Clou Electronics Co.Ltd(002121) is to alleviate a series of liquidity risks caused by equity pledge of listed companies. Since taking a stake in Shenzhen Clou Electronics Co.Ltd(002121) in 2018, with the support and unremitting efforts of Shenzhen capital group, Shenzhen Clou Electronics Co.Ltd(002121) has vigorously solved the problems left over by history, concentrated advantageous resources and focused on the main business, realized the stable survival of the entity’s core industry, strengthened the new energy development strategy focusing on energy storage, and laid a good foundation for future business development in terms of capacity expansion and market expansion outside China.
This time, Shenzhen capital group joined hands with Midea Group Co.Ltd(000333) to further inject strong driving force into Shenzhen Clou Electronics Co.Ltd(002121) and help improve Shenzhen Clou Electronics Co.Ltd(002121) comprehensive competitiveness in an all-round way, promote Shenzhen Clou Electronics Co.Ltd(002121) better development, improve the quality of listed companies, achieve the goal of “1 + 1 2”, and jointly build a “new growth pole” in the field of new energy source services, especially in the field of energy storage.
multi win
According to the announcement, the strategic optimization of Shenzhen Clou Electronics Co.Ltd(002121) equity structure will be promoted through marketization and legalization Midea Group Co.Ltd(000333) direct injection of incremental funds will further alleviate Shenzhen Clou Electronics Co.Ltd(002121) liquidity pressure, significantly improve financial structure, enhance core business competitiveness and release profitability Midea Group Co.Ltd(000333) in the future, as the controlling shareholder, will give full play to the advantages of industrial operation, share resources, realize synergy as soon as possible, and promote Shenzhen Clou Electronics Co.Ltd(002121) to a new level in technology research and development, supply chain, global market channels, lean production and internal operation.
Shenzhen Capital Group will also continue to be an important shareholder of Shenzhen Clou Electronics Co.Ltd(002121) to give full play to its advantages in capital operation and resource allocation, and help Shenzhen Clou Electronics Co.Ltd(002121) enhance its comprehensive strength and achieve better development.
The relevant transaction arrangement is a mutually beneficial and win-win cooperation and another milestone in the development of Shenzhen Clou Electronics Co.Ltd(002121) development. All parties will join hands in the development plan, inject vitality and surging power into the high-quality development of Shenzhen Clou Electronics Co.Ltd(002121) and start a new journey of higher-quality development, so as to promote Shenzhen Clou Electronics Co.Ltd(002121) to enter the track of healthy development faster.
