Pursuant to the framework agreement, Hetai and Haochang Technology shareholder Ding Wenyi, Hangzhou Xin Nuclear Investment Partnership (Limited Partnership) and Yufa Xinyin have signed the "Equity Acquisition Agreement" and "Profit Forecasting Compensation Agreement." Ding Wenzheng, Hangzhou Xin Nuclear Investment Partnership (Limited Partnership), Yufa New acquired 80% of the equity of Haochang Technology. The amount of the transferred capital was 52.8 million yuan, and the transfer price was 624 million yuan.
At the same time, Minchang Technology shareholders also made performance pledges. The actual net profit of Minchang Technology in 2018 was not less than RMB 51 million, and the total actual net profit in 2018 and 2019 was not less than RMB 116 million. From 2018 to 2020 The total actual net profit for the year is not less than 19,500 million yuan.
Haochang Technology is a high-tech enterprise integrating the design, development, production and sales of microwave millimeter-wave RF chips. Its main business is R&D, production and sales of microwave and millimeter-wave RF integrated circuit analog phased array T/R chips. Dedicated to providing customers with complete solutions for microwave millimeter-wave RF chips, with core technologies and expertise in the IC industry, solving the high cost of analog phased-array T/R chips, and enabling large-scale deployment of phased-array radars in China. Become a reality, with the service level of aerospace, aviation, and military.
According to reports, the Haochang Technology business model is divided into two paths. On the one hand, it is jointly undertaken with national key research institutes to undertake major national projects. The reputation and gold content of the products are launched, which in turn enhances the market competitiveness of the products; on the other hand, it maintains the continuity of the military market. Under the premise of incremental increase, we will increase efforts to develop the civilian market, especially the Internet of Things and 5G mobile communications market, and gradually expand the market (military and civilian), products (military and civilian), and customer structure.
Hetai announced that the company's current main business is intelligent controllers and intelligent hardware. Having an upstream industrial chain core chip technology will further enhance the core competitiveness of the company's main business. This acquisition will help Hetai to seize the aerospace industry and The huge market opportunities in the field of weaponry and equipment are conducive to the implementation of the high-dimensional strategic layout of the company's IoT big data business, which will help the two sides to fully integrate resources and further rapidly enhance the company's overall operating performance.