CEC Huaxing is a state-controlled enterprise registered in Shenzhen. It belongs to the computer, telecommunications and other electronic equipment manufacturing industries. The company's main products include module power supply, custom power supply, high-power power supply and system, serving railway, military, power And communications and other industries. This time, Weike Electronic Co., Ltd. has received 51% of the equity, and Shanghai Yuding has received 49% of the shares. After the transaction is completed, China Power Huaxing will become a subsidiary of Wolters Electronics.
Hangjin Technology stated that during the production of self-developed power products, electronic assembly processes and packaging processes based on thick film substrates and printed circuit boards are required, and such processes are the main business areas of Wolters Electronics. Wolters Electronics is in the military field. The market foundation is conducive to the deep development of military power supply market by China Power Huaxing. The market base of China Power Huaxing in high-speed rail equipment and new power electronics is also conducive to the expansion of such markets in Weike Electronic. The two sides will form a business synergy effect. Ding’s expertise in finance, finance and management also helps CLP China Star’s technical management team to remain stable.
Hangjin Technology also stated that the company is mainly in the chip and semiconductor industry in the military-industrial electronics industry and adopts the development strategy of 'extended expansion + intensional growth'. The proposed acquisition of China Power Huaxing is the confirmation of the expansion of the military electronics industry of the company. , It will help the company to further expand its military business scale and expand its military business market.