M & a! Red trench 1 billion 500 million buy SIA Technology

According to the Chinese securities network reported that red in late November 19th announced the acquisition plan, proposed by a wholly owned subsidiary of Harbin Austria Reed Photoelectric Technology Co., the company invested 1 billion 530 million yuan in cash, to buy Zheng Wenjun 4 people total holdings of Jiangxi New Technology Co., Ltd. 100% stake. It is reported that in June this year, red completed the first acquisition of Southwest Pharmaceutical backdoor listing in the first capital market.

SIA technology shareholders also promised that in 2016 -2018 net profit after deduction of non net profit of not less than 160 million yuan, respectively, $205 million and $255 million, the cumulative commitment of the total net profit of not less than $three. It is estimated that after the completion of this transaction, red in the first three quarters of 2015, total profit and net profit increased by $63 million 377 thousand and 700 and $45 million 521 thousand, earnings per share increased by 0.09 yuan / share. In the future, as the two sides complement each other and synergies, the future profitability of listed companies is expected to further enhance.

According to the relevant person in charge of the Austrian Reed, the acquisition of the main purpose is to enrich the product type, enhance the content and influence of the end customer service, and ultimately to achieve the extension of the sapphire industry chain downstream. The company now has manufacturing, from single crystal furnace equipment, crystal growth and crystal block production, wafer processing and other aspects of the industry chain, with many years of experience in crystal growth equipment and technology accumulation and innovation, has become the sapphire single crystal furnace has the advantages of integrated services of international advanced equipment providers and sapphire crystal materials and products suppliers. At present, the company is committed to grasp and apply the hard and brittle material cutting and polishing processing core technology to enhance the level of cutting and polishing equipment.

Singapore technology since its inception specializing in automation, high-end hard brittle materials, precision processing equipment research and development, design, production and sales, and provide the hard brittle material cutting and polishing processing total solutions for customers in the downstream of hard brittle material cutting and polishing processing hardware and software design and system application technology research and development area accumulated rich experience, especially the demand of consumer electronics products in response to the rapidly changing with the efficient market and first mover advantages on technology research. The company has now become a major supplier of Bourne optics.

The person in charge also told reporters that the two companies a large degree of industrial relations, technical research and development cooperation, complementary advantages obvious. After the completion of the acquisition, the sapphire crystal technology company and Singapore technology of hard brittle material cutting and polishing processing equipment design and R & D capability will be effectively fused, can reflect a strong synergistic effect, and further enhance the company's dominant status in the industrial chain, which is the integration of high-quality resources, help to speed up on the downstream of listed companies to enhance the structure level of industry, consolidate and increase greatly. At the same time, SIA technology can also provide a good brand and business platform by listed companies to enhance the capital operation ability, management level and operating efficiency.

In addition, by means of SIA technology in hard brittle material cutting and polishing processing equipment design and production advantages, red can strengthen the company in the wafer processing aspects of the technical strength, the effective extension of the main business, optimize the product structure, to further expand the profit space in the sapphire industry chain, increase customer stickiness and the bargaining power of upstream and downstream to enhance the stability, sustained profitability, reduce business risk.

It is worth noting that, as of September 30th this year, the net value of the net assets of about 63 million 153 thousand and 300 yuan, the assessed value of $100 billion, the appreciation rate of up to 2325.63%. Red believes that Singapore technology as asset light company is different from the traditional equipment manufacturing enterprises, using the income method of assessment can be sales channels and market resources, enterprises can not accounting in book value in the company's ability to integrate advantages of the industry in the future value of operating budget reasonably reflect the measurement.

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