Securities code: 605566 securities abbreviation: Hangzhou Flariant Co.Ltd(605566) Announcement No.: 2022-002 Hangzhou Flariant Co.Ltd(605566)
Supplementary announcement on foreign investment by holding subsidiaries to establish wholly-owned subsidiaries to acquire the assets of Hangzhou Xinfu energy saving materials Co., Ltd. and Zhejiang Yuhe new materials Co., Ltd
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important risk tips:
This announcement is a supplementary announcement to Hangzhou Flariant Co.Ltd(605566) announcement on the acquisition of assets of Hangzhou Xinfu energy saving materials Co., Ltd. and Zhejiang Yuhe new materials Co., Ltd. by holding subsidiaries investing abroad and establishing wholly-owned subsidiaries (No. 2022-001)
Special risk tips: there are market competition risks, insufficient industrial experience risks and enterprise integration risks in this acquisition. Please pay attention to the risks.
Hangzhou Flariant Co.Ltd(605566) (hereinafter referred to as “the company”) has disclosed on the website of Shanghai Stock Exchange on January 26, 2022 No. 2022-001 Hangzhou Flariant Co.Ltd(605566) announcement on foreign investment by holding subsidiaries to establish wholly-owned subsidiaries to acquire the assets of Hangzhou Xinfu energy saving materials Co., Ltd. and Zhejiang Yuhe new materials Co., Ltd. now the relevant information is supplemented as follows:
1、 Key financial indicators of counterparties
1. Hangzhou Xinfu energy saving material Co., Ltd
Project December 31, 2021
Total assets 77075108.46
Net assets 13873189.79
Operating income 102065302.30
Net profit 12368508.62
Whether the above data has not been audited
2. Zhejiang Yuhe New Material Co., Ltd
Project December 31, 2021
Total assets 13795145.86
Net assets 50959.05
Operating income 4460330.10
Net profit -851758.86
Whether the above data has not been audited
2、 Underlying assets
1. Assets
Account name of value-added unit book value evaluation value increment
Number rate%
1 inventory 41033830.26 45498882.13 4465051.87 10.88%
2 Hangzhou Xinfu energy saving fixed assets 6198584.59 8160870.73 1962286.14 31.66% materials Co., Ltd
3 intangible assets 728462.15 775832.15 47370.00 6.50%
Subtotal 47960877.00 54435585.01 6474708.01 13.50%
4 inventory 3272198.25 —
Zhejiang Yuhe Xincai
Fixed assets of 5 Materials Co., Ltd. 2090226.38 1923008.27 – 167218.11 – 8.00%
Subtotal 5362424.63 5195206.52 – 167218.11 – 3.12%
total
53,323,301.63 59,630,791.53 6,307,489.90 11.83%
2. The property rights of the above assets are clear, there is no mortgage, pledge and other situations, and there is no litigation, arbitration or judicial measures such as seizure and freezing.
3、 Risk analysis of foreign investment
1. The business of the investment object is Poe and EVA Cecep Solar Energy Co.Ltd(000591) battery packaging adhesive film. The company has not been engaged in the production and sales of relevant products so far. There is uncertainty whether the company’s technical process and product quality can meet the corresponding technical standards and the time of reaching the standard. There are market competition risks, insufficient industrial experience risks and enterprise integration risks in this investment. Please pay attention to the risks.
2. The project is the investment judgment made by the company based on the market prospect and combined with its own actual situation. In the follow-up, such as macro-economy, market environment and policies, there is a risk that the actual operation and profitability of the project are lower than expected.
3. The company will continue to make efforts to improve its operation level and do a good job in the overall management of new business.
It is hereby announced.
Hangzhou Flariant Co.Ltd(605566) board of directors January 26, 2022
