On February 5, Fuhanwei issued an announcement on the acquisition of 32.43% equity and related party transactions in Mou Core Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Mou Core Technology").
According to the announcement, Fuhanwei signed a transfer agreement with the shareholders of Mou Core Technology on February 5, 2021, and the company will buy a 32.43% stake in Mou Core Technology in cash, with a total transaction amount of 330.4637 million yuan. After the completion of this transaction, the proportion of Mou core technology equity held by the company will be changed from 18.57% to 51%, and Mou core technology will become a controlling subsidiary of the company.
Mou Core Technology is a company specializing in the development of very large-scale intelligent audio and video processor SoC chips and related solutions. It has rich experience in ultra-large-scale SoC chip design, high-speed peripheral interface and analog IP design, low power design, high-definition video intelligent processing, compression and storage, and high-definition display. The main products are intelligent video surveillance system back-end devices (DVR, NVR, etc.) main processor SoC chip and intelligent home electronic equipment with screen display main processor SoC chip and so on.
In 2019, Mou core technology achieved revenue of 350000 yuan and net profit of-53.1951 million yuan. In 2020, Mou core technology achieved revenue of 21.9873 million yuan and net profit of-103.3807 million yuan.
This evaluation takes December 31, 2020 as the benchmark date, the book value of the owner's equity of Mou core technology is 78.4406 million yuan, the asset-based method is 540.9018 million yuan, and the income method is 1.031 billion yuan.
It is worth noting that the evaluation value of the income method is 78.4406 million yuan more than the book value of the owner's equity of Mou core technology, the evaluation increases by 952.5594 million yuan, and the value-added rate is 1214.37%.
Fuhanwei said that this investment is an extension and expansion of the company's product line, which is conducive to further optimizing the business system of listed companies, improving industrial layout, implementing vertical integration and building the overall competitive advantage of the business chain. Help to enrich the company's product range, enhance the company's sustainable profitability, and safeguard the interests of all shareholders of listed companies.
