·Hongli Optoelectronics accelerates the deployment of car networking

Following the 18% stake in Jiangsu Nanyi Dina Technology, a shareholder of the vehicle networking company, Hongli Optoelectronics (30.760, 0.00, 0.00%) has taken another step in the layout of the Internet of Vehicles industry. The company announced on the evening of July 19 that it intends to purchase 18.57 million shares of Shenzhen Huishitong Technology Co., Ltd. with cash of 195 million yuan. Guangfa Shunde plans to purchase 1.4 million shares of Huishitong with cash of 15 million yuan; the two sides respectively invested 65 million yuan. 5 million yuan to increase the capital of Huishitong. After the completion of the transaction, the company will hold a 36.58% stake in Huishitong, and Guangfa Shunde will hold a 2.82% stake in Huishitong. The company's stock resumed trading on July 20.
According to the data, Huishitong has 10 years of experience in the field of vehicle networking. It is the largest company in China that integrates R&D, production, sales and service to provide integrated vehicle networking companies with integrated operation services in the GPS professional field. First, the product application covers taxis, buses, logistics vehicles, dangerous goods vehicles, car rental, long-distance passenger transport, private cars and other fields, and has entered the pre-installation market such as Shanghai Volkswagen.
The company's shareholders promised that the net profit in 2015 should not be less than 45 million yuan. If Hongli Optoelectronics acquired the remaining shares of Huishitong in 2016, Huishitong shareholders promised that the net profit of Huishitong in 2016, 2017, 2018 and 2019 will be 70 million yuan, 90 million yuan and 120 million respectively. Yuan and 145 million yuan.
As of December 31, 2018, if the company fails to succeed in the IPO or fails to be successfully acquired by the listed company, the shareholders of Huishitong will repurchase the shares held by Hongli Optoelectronics and Guangfa Shunde according to the total amount of the transaction. The company's shares, while paying a total of 15% annual interest on the transaction. It is worth noting that as of August 31, 2015, the parties are still unable to sign a formal transaction agreement, and the intention agreement is automatically terminated.
The company said that if the investment can be formally implemented, it will be an important step for the company to invest in Jiangsu Nanyi Dina Digital Technology Development Co., Ltd. in the field of vehicle networking, which will further accelerate the company's pace in the emerging industry car networking industry. It is conducive to the realization of the company's future dual main business format, and establishes the company's LED main business + Internet finance + vehicle networking ecological platform, which has a positive impact on the company's future development.

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