Dongxu optoelectronics acquired shenlong bus for 3 billion yuan

On the evening of March 20, Dongxu optoelectronics published a restructuring notice, announced that the company will issue shares and pay 3 billion yuan in cash to buy Shanghai hui MAO enterprise management co., LTD. (hereinafter referred to as Shanghai hui MAO) held by the Shanghai shenlong bus co., LTD. (hereinafter referred to as shenlong bus)100% equity.

At the same time, Shanghai Huimao committed to shenlong bus future net profit level and profit compensation plan.

At this point, the Dongxu optoelectronics "- graphene materials coated lithium iron phosphate cathode material - graphene Lithium ion batteries- new energy vehicles "formed the industrial chain of the closed loop path.

"We had the bus"

Dongxu optoelectronics Wang Zhonghui , deputy general manager as the key enabler for this new energy automobile project, involved with the we bus in the early period of the project to do, such as business negotiations until the acquisition agreement, he told reporters that the company finally choice and we married, seeing the other is a mature technology and industrial management team, outstanding product development and design ability, healthy and effective system of new energy automobile manufacturing, more than 10 years of industry accumulation, in the field of new energy bus market channels and good brand resources, and excellent ability in developing overseas market.

Public information, we coach was established in September 2005, is a heavyweight domestic passenger car production enterprises, 10 years in a row to become national annual commuter car and service security, is the only Shanghai, one of the few large-scale comprehensive domestic passenger car manufacturers.

Shanghai shenlong bus is engaged in the design, development, production and sales of passenger cars. Its main products are new energy passenger cars and traditional passenger cars. Its end users are mainly bus companies, passenger transport companies and tourism companies. Shenlong bus has sold more than 30,000 buses in the past ten years.

In 2016, shenlong bus ranked top 10 in the industry in terms of bus sales in China. The sales of domestic products have covered all provinces and cities except Tibet and Qinghai. Benefits from the rapid development of new energy automotive industry, in 2015, 2016 we coach business income is 1.58 billion yuan and 2.14 billion yuan respectively, net profit of 018 million yuan and 188 million yuan respectively, revenue and earnings growth in trade leading level.

Be worth what carry is, so far, we coach has batch to enter South Korea, southeast Asia, the Middle East, South America and Africa, and developed markets, occupy the Thailand import China passenger car purchases 80% - 90%. So far, in the same period of China's passenger car exports and export volume ranks fifth, second only to yutong bus, xiamen golden dragon star enterprise.

"Dongxu optoelectronics is targeting the blue ocean market for new energy vehicles, and shen long is the best choice." Li Quannian told reporters that in the next three years, dongxu will set up a new energy vehicle industry sector, which will quickly complete the combination with graphene-based lithium ion batteries, solve the problem of rapid charging of new energy vehicles, and realize further development of graphene industrialization. This is a matter for the country and the people, "he said.

The overall planning

For Dongxu optoelectronics, to move into the new energy automotive industry is based on the current situation of the development of national strategy and the company to make foresight.

Orient the long-term plan from the chairman of the board of directors of the company Li Zhaoting anticipated bill submitted during the two sessions. During the two sessions this year, the reporter saw as a deputy to the National People's Congress at the great hall of the people attending the Dongxu optoelectronics chairman, he constantly stressed: " Dongxu optoelectronics future development strategy must be closely connected with the national strategy." He was called "the new energy automotive industry into a" new business card "made in China" in the bill, Chinese enterprises should focus on through the development of new energy vehicles, especially in new energy bus and implement corner overtaking vehicle industry, thus, a global lead in the industry. This confirms Orient from the side in the new energy automotive industry strategic layout.

Since the "twelfth five-year", the new energy automotive industry has been the national policy guidance for the swimmer. In May 2014, the country's President xi jinping in looking at saic has stressed that the development of new energy vehicles is the only way for our country from a big car to car powers. In the past two years, the new energy automotive industry policy is more intensive, shows that countries will have new energy automobile industry development as the pinnacle of the whole auto industry development in our country.

From the market logic, Dongxu optoelectronics entry into the new energy vehicles is an interlocking trend. As the main person in charge of the new energy vehicle acquisition project, li quannian told reporters, " Dongxu optoelectronics and shenlong bus have a strong complementarity and synergy. This synergy is embodied in three aspects: the synergy between capital and industry, the synergy between resources and market, and the synergy between technology and industry chain. In the future, with the integration and grafting of resources from both sides, shenlong bus, as a subsidiary of dongxu group, will be further full of vitality.

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