Zhitong Financial APP learned that on December 5, the share price of Tongrun equipment (002150.SZ) rose again by the limit, successfully harvesting the "ten consecutive boards" to 22.53 yuan per share, reaching an all-time high. Based on the closing price of 8.68 yuan per share on November 15, the cumulative increase is nearly 160%.
According to the data of Tongrn equipment Dragon and Tiger list, the sales department seats on the list sold 477 million yuan throughout the day, accounting for 20.82% of the total turnover on the day. Of this total, the buying amount was 286 million yuan and the selling amount was 191 million yuan, with a total net purchase of 94.9704 million yuan. Specifically, the organization bought a total of 57.8215 million yuan. In addition, Xiangcai Securities Hangzhou Wuxing Road Securities Business Department and Huatai Shanghai Putuo District Jiangning Road Securities Business Department bought 126 million yuan and 33.4666 million yuan respectively; Ningbo Heyuan Road Securities Business Department and East Asia Qianhai Securities Sichuan Branch of Yongxing Securities Co., Ltd. sold 49.556 million yuan and 39.6388 million yuan respectively.
On the evening of November 22nd, Zhengtai Electric Appliance announced that it intends to buy 107 million shares of Tongrun equipment with Wenzhou Zhuotai Enterprise Management Partnership (referred to as Wenzhou Zhuotai) at a cash consideration of 1.02 billion yuan, accounting for about 29.99% of the company's total share capital. This asset reorganization, Zhengtai Electric, Wenzhou Zhuotai were transferred to Changshu Jack factory, TORINJACKS,INC. Hold 24.99% and 5% equity of Tongrun equipment. The total price of equity transfer is 1.02 billion yuan, and the transfer price is about 9.54 yuan per share.After the completion of the acquisition, Zhengtai Electric Appliance will become the controlling shareholder of Tongrun equipment, and Nan Cunhui will become the actual controller of Tongrun equipment.
At the same time, Zhengtai also plans to package its photovoltaic inverters and other business assets into Tongrun equipment.
Specifically, Zhengtai Electric, Shanghai Best Management Consulting Center (Limited Partnership) and Shanghai Chaofeng Management Consulting Center (Shanghai Chaofeng) signed an Asset acquisition Framework Agreement with Tongrun equipment. It is proposed that the first three jointly invest to set up a joint venture company to integrate photovoltaic inverters and energy storage business-related assets controlled by Zhengtai Electric Appliance. That is, the control of Shanghai Zhengtai Power system Co., Ltd. (referred to as "Zhengtai Power"), and after the completion of the integration, 100% of the equity in the joint venture company will be transferred to Tongrun equipment at cash consideration.
So far, Zhengtai Electric holds 96.21% of Zhengtai Power, Shanghai Chuofeng holds 3.33% of Zhengtai Power, and 20 natural persons, including Chen Yiqing, hold 0.46% of Zhengtai Power.
It is worth noting that from the injection of assets, Zhengtai Electric does not take the issue of shares, but by Tongrun equipment to pay cash acquisition. AndThe transfer of shares and the sale of the underlying assets are the prerequisites for each other.That is, if the asset sale transfer can not be implemented, the acquisition of corporate control of the target company will not be implemented; if the acquisition of corporate control of the target company cannot be implemented eventually, the asset sale transaction will return to its pre-implementation state.
It is reported that Zhengtai Power supply is one of the earliest companies in China to develop photovoltaic inverters, and it was placed into Astro Electric in 2016, covering photovoltaic inverters, photovoltaic bus boxes, commercial energy storage machines, pre-installed photovoltaic systems, pre-installed energy storage systems, and so on.
According to IHS statistics, in 2021, Zhengtai power inverter products accounted for 32.5% of the North American industrial and commercial photovoltaic market share; accounted for 18.3% of South Korea's photovoltaic market, ranking first in South Korea.
According to Zhengtai Electric Appliance, the inverter business of Zhengtai Power supply is in the stage of rapid growth. Zhengtai Power has its own intellectual property rights of 1KW-4.4MW full range of photovoltaic inverter products and BMS and other energy storage system core equipment. In 2021, Zhengtai power inverter global shipments of 7GW, energy storage high-power PCS global shipments ranked eighth in the country. twoFrom January to October in 022, shipments of photovoltaic inverters from Zhengtai Power supply totaled 3133.52MW, an increase of 142.27% over the same period last year.
According to wind statistics, in 2021, revenue contributions of Tongrun equipment toolbox cabinets and sheet metal products were 59% and 19.3% respectively, while the company's overseas and Chinese mainland business accounted for about 78% and 22%, respectively. It is reported that sheet metal is one of the main kinds of mechanism raw materials of inverter, which accounts for about 25% of the total purchase of raw materials.
Zhengtai Electric believes that through the long-term technical advantages, manufacturing and integration experience accumulated by Tongrun equipment in the field of electromechanical sheet metal manufacturing, it can reduce costs and increase efficiency in the supply of products such as sheet metal parts of inverters and energy storage cabinets. Improve the company's photovoltaic inverter and energy storage products customization capacity, production scale, product quality, improve the core competitiveness of products.
On October 28, Zhengtai Electric launched the spin-off and listing of its holding subsidiary Zhengtai Anneng. It can be foreseen that with the joint promotion of "An eat A" and the spin-off subsidiary independent IPO, Zhengtai's new energy sector may produce two listed companies.