Another lithium power company has been acquired by a listed company!

Telah Terbit: Mar 10, 2022 17:57
Another lithium power company was acquired by a listed company! As early as November 11, 2021, Sony Financial (600318.SH) announced its intention to acquire Bic Power, and then Sony Financial shares rose sharply, from 9.15 yuan before the announcement to a peak of 17.46 yuan on December 17, 2021, with a maximum increase of 90.82%. On the evening of March 9, another listed company announced that it would acquire lithium battery companies. This listed company is Pritt.

As early as November 11, 2021, Sony Financial (600318.SH) announced its intention to acquire Bic Power, and then Sony Financial shares rose sharply, from 9.15 yuan before the announcement to a peak of 17.46 yuan on December 17, 2021, with a maximum increase of 90.82%.

On the evening of March 9, another listed company announced that it would acquire lithium battery companies.

The listed company is 002324.SZ. According to the announcement, the company intends to acquire about 80% of Jiangsu Haishida Power supply Co., Ltd. (referred to as "Haishida Power supply") in cash, and has the right to increase its cash capital to Haishida Power supply (no more than 800 million yuan). For the production capacity improvement and business development of Haishida Power supply, the source of funds is Pulitte's own funds or self-raised funds.

The announcement pointed out that after consultation between the two sides, based on the net assets of Hai Sida Power supply on December 31, 2021, the estimated value of the 100% stake in Hai Sida Power supply is 1.63 billion yuan. Prior to the delivery of the equity transfer transaction, Haishida Power can pay dividends to its original shareholders, with a maximum dividend of 200 million yuan. If the target company carries out the aforementioned dividend, its estimated value shall be reduced to 1.43 billion yuan accordingly.

According to the arrangement of the Framework Agreement, within three working days from the date of signing of the agreement, Pulitt will pay 20 million yuan of intention money to the other party of the transaction, while providing an additional loan of 180 million yuan within three working days after the relevant conditions are met, in order to support the other party in the transaction to pay the transfer money to the equity transferor for the internal equity restructuring of Hisida Power supply, and complete the internal equity restructuring as soon as possible.

After the completion of the transaction, Haishida Power supply will become a holding subsidiary of Pulit!

About Haishida Power supply

Vike Lithium Power learned that Haisida Power has a long history, and there are few enterprises that produce lithium batteries earlier than it: it originated from the Qidong Fertilizer Plant established in 1969, when it mainly produced agricultural ammonium bicarbonate, and its products were relatively single.

With the development and changes of the times, the spring tide of the market economy is surging, Hai Sida Power supply keeps pace with the times, has the courage to innovate and break through, and finally gradually transformed into an enterprise with secondary battery as its main business.

Haishida Power supply was officially established on October 28, 1994, mainly engaged in the research, development, production and sales of new energy storage batteries, power batteries and power management systems, including ternary, lithium iron, lithium manganate, nickel cadmium and other multi-technical routes, including cylindrical, square and soft bags.

In the words of Shen Tao, chairman of Haisida Power supply, "Haisida has become the enterprise with the longest history, the most complete category and the longest industrial chain in China's secondary battery industry. Our products travel into space and travel to and from cities." cross the sea for the benefit of the people of the world. "

In the capital market, Haishida Power reported to the IPO, of Shenzhen Stock Exchange on March 2, 2012, but it was not approved at the meeting on March 7 of that year.

On January 17, 002239.SZ announced that it planned to buy a 100% stake in Hai Sida Power for 2.5 billion yuan by issuing shares. But in August 2017, Autega ended the acquisition.

Mr Ortega explained at the time that due to changes in capital markets, policies and the environment, it would be difficult to meet the expectations of all parties if they continued to push forward with this major asset restructuring. After friendly consultation with the major trading parties, the company agreed to terminate this major asset restructuring and apply to the China Securities Regulatory Commission to withdraw the relevant documents.

On September 10, 2021, Shenzhen Kangjia A (000016.SZ) announced that it intends to buy a 100% stake in Hisida Power from 33 other parties, including Hisida Group, by issuing shares and paying cash, of which it will buy 70% of Hisida Power by issuing shares and pay the remaining 30% in cash.

On January 7, 2022, Tongding Interconnection (002491), a shareholder of Haishida Power supply, issued a notice that shareholders of Konka Group and Haishida Power supply did not agree on some of the core terms of the transaction. Shareholders such as Jiangsu Haisida Group Co., Ltd. decided to terminate the transaction.

On March 6, Shenzhen Kangjia An officially issued an announcement, announcing the termination of the acquisition of shares in Hai Sida Power supply.

Four days later, at the beginning of this article, Pritt plans to buy Hisida Power.

It is worth noting that when Aotejia proposed to buy Haishida Power in 2017, the 100% stake in Haishida Power was worth 2.5 billion yuan, but at present, it is estimated at 1.63 billion yuan.

Although the valuation has been reduced, the operation of Haishida Power supply is remarkable: according to Pritt's announcement, in the last year, Haishida Power's operating income was 1.853 billion yuan, net profit was 103 million yuan, and its mother's net profit was 100 million yuan.

Market data show that at present, Haisida Power supply has become the main lithium battery supplier for power tools giants at home and abroad:

In terms of products, the energy density of the lithium battery developed by Haisida reaches more than 250Wh/kg, which meets the needs of power tools and ensures that fire and explosion do not occur during battery safety performance testing, and the overall product technology is in the leading level in China.

In terms of production capacity, the Haisida 2GWh high specific energy and high safety lithium battery project is under steady construction, with the first phase of the 1GWh project reaching production in September last year, with an additional capacity of 500000 cylindrical batteries per day; and the second phase of the 1GWh project will also be completed and reached production this year. According to the plan, the company's lithium battery production capacity will be increased to more than 6GWh by 2023.

In terms of customers, in December 2021, the second production line of Jiangsu Haisida Power Technology Co., Ltd., a wholly owned subsidiary of Hai Sida, passed the final examination and approval of the international power tools leading Chuangke Group (TTI). Up to now, 3 production lines of Hai Sida have passed the strict audit of TTI in an all-round way.

In addition to TTI, Hisi also has deep cooperation with Stanley Patek, Quanfeng, Dongcheng, Kovos Robot, Midea, Xiaomi and other international power tools and smart home appliance brands, putting more than 500 million lithium batteries in the power tool market. Haishida said that at present, the top 10 power tool brands in the world are the main customers of Haisida, and they have become one of the few domestic suppliers of high-quality lithium products that can compete with Japan and South Korea.

About Priet.

According to the information on Pulitte's official website, the company is a leading new materials company in the world, with six major production bases worldwide, including Qingpu in Shanghai, Jinshan in Shanghai, Jiaxing in Zhejiang, Tongliang in Chongqing, Dongguan in Guangdong and South Carolina in the United States. the annual production capacity exceeds 500000 tons. At the same time, three overseas technology and marketing centers have been set up in Detroit in the United States, Darmstadt in Germany and San Luis Potosi in Mexico.

Prit modified material products are widely used in the automotive industry, and the products and technology are in the leading domestic and international advanced level. After years of technology accumulation and market development, the company provides services to a number of automobile manufacturers at home and abroad, including BMW, Mercedes-Benz, Volkswagen, General Motors, Ford, Chrysler, SAIC, Great Wall, Geely, BYD, Chery and so on. Has become one of the domestic modified materials industry leaders.

Pulit's announcement points out that the company intends to introduce key development factors such as capital, talent and market by reorganizing Hisida Power supply, integrating the advantageous resources of all parties and working closely with strategic partners. "based on Haishida Power's existing business base and years of technological precipitation, seize the strategic opportunities of energy storage and other new energy industries, enhance product technical level and production capacity, enhance capital strength and operational efficiency, expand industry benchmarking customers, build Haisida Power supply into a leading new energy battery enterprise in the industry, in order to quickly realize the strategic transformation and upgrading of the company's main business to new materials and new energy industries. Promote the high-quality development of listed companies. "

In the secondary market, prit opened at 14.88 yuan on March 10, up 9.01% at that time. However, after the opening, the share price quickly pulled back to the closing price of 13.65 yuan on March 9, and turned into a concussion pattern. As of the close, it was at 13.66 yuan, up only 0.01 yuan or 0.07%.

Pritt's current total market capitalization is 13.85 billion yuan.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

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