It is an indisputable fact that mobile ODM vendors have difficulty in getting listed on the micro-network news. Therefore, many ODM manufacturers are listed through the curve backdoor model.
As early as many years ago, Dejing Electronics attempted to go public through Sanlian Trading Co., and Tianyi Mobile started the IPO at the Shenzhen Stock Exchange as early as 2012. The result was not satisfactory. Subsequently, Shanghai Longqi also started the IPO until early this year. Shanghai Longqi IPO was eventually denied.
In spite of this, mobile ODM manufacturers are still actively preparing for the IPO road. At present, Huaqin has started the listing process, and transmission is being listed through the channels of the New World mercury industry.
In addition, another ODM company Ruijia Ke recently won a 27.15% stake in Rongke Technology with a price of 1 billion yuan, and became the largest shareholder of Rongke Technology.
Rui Jiake 1 billion won the right to control
Recently, Rongke Technology announced that the company’s controlling shareholder, actual controller Cui Wantao, Fu Yanjie, and Shanghai South Bay Information Technology Co., Ltd. (hereinafter referred to as “Shanghai Nan Hai Bay”) signed the “Transfer of Shares” on May 24, 2018. The agreement, Cui Wantao, Fu Yanjie intends to transfer 91,922,436 shares of Rongke Science and Technology Co., Ltd., which are held in aggregate (accounting for 27.15% of the total share capital of the listed company), to Shanghai Nanhai Bay via agreement transfer, at a price of RMB 10.88 per share. The total price is RMB 1 billion.
Subsequently, the controlling shareholder of Rong Ke Technology was changed to Shanghai Hainan Bay, and the actual controller was changed to Wang Xun and his party in concert. Shanghai Hainan Bay is a 100% controlled subsidiary of Rui Jia Ke.
Who is Wang Xun? According to statistics, Wang Xun served as research and development manager of Motorola, Lenovo, Dickson Wireless, etc., and currently serves as Chairman of Rui Jiake Holdings, Chairman of Qing Cheng Industrial, Director of Rui Jia Ke Group Co., Ltd., Shanghai Nanwan Executive Directors and other positions, has led its own mobile phone brand green orange mobile phone.
The announcement disclosed that the core companies controlled by Wang Xun and his concerted person are Rui Jia Ke Group, Rui Jia Ke Industrial.
Ruijia Ke Group is a high-tech enterprise that specializes in providing mobile intelligent terminal machine solutions services. It can provide a complete set of mobile terminal solutions for industrial design, structural design, hardware design, software design, manufacturing, testing, and quality assurance; Keke Industry is a company that mainly manages industrial parks and has a good profitability.
Ruijia Ke Group's official website shows that the company was founded in 2006 and is a company that specializes in the provision of mobile intelligent terminal solutions. There are currently two major mobile phone production bases located in Huizhou, Guangdong, and Guiyang, Guizhou, all in the independent communications industry park. , annual production capacity of up to 20 million units.
In 2017, Ricardo Group audited total assets of 1.294 billion yuan, net assets of 524 million yuan, operating income of 2.054 billion yuan; Rui Jiake Industry's audited total assets of 574 million yuan in 2017, net assets of 157 million yuan, operating income of 139 million yuan yuan.
Rongke Technology stated that the agreement to transfer company shares will introduce new investors for the company, which will be beneficial to optimizing the corporate governance structure, enhancing the company's profitability and sustainable development capabilities, and maximizing the interests of all shareholders of listed companies.
However, domestic ODM manufacturers have obvious polarization, and the gap between Ruijia Ke and the industry leaders is not small. According to the white paper of mobile phone ODM industry in 2017 by IHS Technology, in 2017, the top 5 mobile phone ODMs in the industry shipped 230 million smart phone units. Accounted for 72% of the total, the gap between shipments from other companies was rapidly widening, with Wintech shipments reaching a new high.
In contrast, RJC Group's ODM mobile phone shipments reached 8.1 million in 2017, and revenue and profits both declined. It was also revealed that revenues of Rui Jia Ke Group reached RMB 2.267 billion in 2015, 2016 and 2017 respectively. 22.99 billion yuan, 20.54 billion yuan, and the corresponding net profits were 140 million yuan, 64.46 million yuan, and 14.73 million yuan. In 2017, both the revenue and the net profit, Ruijia Ke Group's performance appeared in the previous year. Obviously slipped.
Rui Jiake backdoor listing or difficult to reach
According to statistics, since its establishment in 2005, Rongke Technology has focused on two major areas of health data and smart cloud services, applying cutting-edge technologies such as cloud computing, big data, internet of things, and artificial intelligence to create superior products and services. Successful landing GEM.
As for the controlling shareholder of Rong Ke Technology, it changed to Shanghai Hainan Bay, and the actual controller changed to Wang Xun and its concerted person. Rong Ke Technology stated that the main products of the underlying assets involved in the restructuring covered the medical information field, and Rongke Technology has strong business synergy, which is conducive to improving the company's layout in the medical information industry.
According to the detailed report on changes in equity, Shanghai Nanwan was established on March 26, 2018. At present, it has not actually commenced operations. For this time, Rongke Science and Technology, Shanghai Nanwan stated that it is optimistic about the future development prospects of listed companies. It plans to purchase some of the shares of the listed company, continue to promote the strategic layout of the listed company's existing large health information field, and enhance the listed company's ability to continue operations and profitability.
The implication is that Shanghai Hainan Bay, which is 100% owned by ODM firm Ruijia, seems to be only optimistic about the main business of Rongke Technology. The business performance of Kronetech is not optimistic, and the business is dismal. In 2017, Rongke Technology realized its business. Total revenue was RMB 418,872,200, a decrease of 16.06% over the same period of last year. Operating profit was RMB 17,527,100, a decrease of 52.63% over the same period of the previous year. Net profit attributable to shareholders of listed companies was RMB 18,185,500, which was a decrease of 44.20% from the same period of last year.
Then both parties signed the equity transfer agreement, and Wang Xun and his party in concert have become the actual controllers of Rongke Technology. Can Ruijia Group successfully achieve the backdoor listing?
In an interview with the "Every Sutra," Rong Ke Technology's executive secretary Zhao Qifei said that Rong Ke Technology belongs to GEM, and backdoor listing is not compliant.
Then, what actions will Wang Xun use for the listing platform? Zhao Qifei said that there is no very detailed plan for how to use the listing platform. The transfer of shares is still in the review stage. Zhao Qifei also revealed that the company will continue to promote the original business of Rongke Technology, including the mergers and acquisitions before Rongke Science and Technology, etc. The mobile phone business has no plan to be incorporated into the listed company system for the time being.
In addition, it is worth mentioning that, in addition to the mobile ODM business, the Ricardo Group also launched its own mobile phone brand, the Green Orange mobile phone, in 2012. According to public information, the sale of green orange mobile phones reached 2 million units in 2014. Set a record for the top three of the single 11-day cat sales.
However, starting in 2016, it has been difficult to find the annual sales volume of cyan orange mobile phones through open channels. According to the data of international survey agency GFK, the tenth name of domestic mobile phone shipments last year was Lenovo, and the year’s Lenovo mobile phones were shipped. Amount of 1.79 million units, no green orange mobile phone appeared in the list.