① Shaanxi Traffic Control Technology Group is the leader in the transportation+digital economy chain, high-end new material R&D and application chain, artificial intelligence and equipment intelligent manufacturing chain in the “5-5-3” modern industrial system of Shaanxi Traffic Control Group. ② Shaanxi Traffic Control Technology Group plans to introduce war investment to increase capital and expand shares in the near future. As of April 30, 2023, the Group had total assets of $4.676 billion, total liabilities of $2,201 million, and net assets of $2,475 billion.
“Science and Technology Innovation Board Daily”, November 3 (Reporter Huang Xiumei)Shaanxi Traffic Control Technology Development Group Co., Ltd. (hereinafter referred to as “Shaanxi Traffic Control Technology”) recently registered with the Shaanxi Securities Regulatory Bureau. The counseling agency is Huatai United Securities. The counseling filing report shows that the counseling period continued from November 2023 to March-April 2024, with a total of 10 counselors.
The “Science and Technology Innovation Board Daily” reporter learned that Shaanxi Traffic Control Technology was founded in April 2021, and completed restructuring and officially unveiled in November 2022. It was founded by two shareholders, Shaanxi Transportation Holding Group Co., Ltd. and Shaanxi Traffic Control Investment Group Co., Ltd., holding 95% and 5% of the shares respectively.
Shaanxi Traffic Control Technology has a registered capital of 600 million yuan. Its main business is transportation science and technology research, engineering survey and design, engineering supervision, engineering testing and inspection, consulting services, new transportation materials, mechanical and electrical engineering design, construction and maintenance, smart transportation, and transportation environmental protection.
Shaanxi Traffic Control Technology was formed by merging 17 enterprises. The newly formed group was based on three group companies, including Shaanxi Expressway Construction Group Corporation, Shaanxi Transportation Construction Group Corporation, and Shaanxi Transportation Investment Group Co., Ltd., and merged 14 other enterprises, including the Shaanxi Provincial Transportation Planning and Design Research Institute and the Xi'an Highway Research Institute.
According to the official website of Shaanxi Transportation Holding Group,As a chain owner in the “5-5-3” modern industrial system of Shaanxi Traffic Control Group, the transportation+digital economy chain, high-end new material development and application chain, and artificial intelligence and equipment intelligent manufacturing chain, Shaanxi Traffic Control Technology undertakes the task of promoting and guiding the development of the industrial chain and accelerating the implementation of key projects in the industrial chain.
The listing of the group is an important decision and arrangement made by the Shaanxi Traffic Control Group at the beginning of its establishment. It is a concrete practice of implementing the three-year action for state-owned enterprise reform to promote enterprise restructuring and listing and use the capital market to achieve leapfrog enterprise development requirements. It is also an important goal of the “No. 1 Project” and “14th Five-Year Plan” of the Shaanxi Traffic Control Group.
The “Science and Technology Innovation Board Daily” reporter noticed that Shaanxi Traffic Control Technology is also planning to introduce war investment to increase capital and stock expansion in the near future, but it has put forward some thresholds and requirements for those involved in introducing it.
On October 27, 2023, the “Shaanxi Traffic Control Technology Development Group Capital Increase” announcement published on the official website of the Western Property Exchange showed that Shaanxi Traffic Control Technology Development Group plans to increase capital by 89.8829 million yuan to 300 million yuan. The listing period is from October 27, 2023 to November 23, 2023. According to reports, the relevant departments have issued a response on matters relating to the introduction of strategic investor capital increases and stock expansion plans for the Shaanxi Traffic Control Science and Technology Development Group's IPO.
In this capital increase, Shaanxi Traffic Control Technology Development Group plans to introduce no more than three investors. Each investor subscribes for no less than 12.38 million shares, no more than 13.76 million shares, the total number of subscribed shares does not exceed 41.28 million shares, and the corresponding price per share is not less than 7.27 yuan/share.
Shaanxi Traffic Control Technology plans to publicly introduce two types of investors A and B, category A plans to introduce industrial collaborative investors, and category B plans to introduce financial investors. This capital increase requires the introduction of at least one investor to be considered as meeting the conditions for the capital increase. After the capital increase, the total shareholding ratio of the original shareholders of Shaanxi Traffic Control Technology is expected to be no less than 93.56%, and the total shareholding ratio of the new shareholders is not expected to exceed 6.44%.
With this capital increase, Shaanxi Traffic Control Technology has set some thresholds for investors. For example, the shareholding structure of the intended investor is clear, and the shareholding structure and absence of shareholder composition and status will hinder any impediment that will affect the future listing of the capital increase party. Also, the current capital increase does not create additional board seats or supervisory seats for investors, and no repurchase clauses or other gambling clauses.
The purpose of fund-raising is to be used for ETC expansion and application projects, transportation big data research projects, digital transportation and big data technology application projects, “Shaanxi Yitong” smart travel platform, smart service area management platform promotion and application, transportation ecology and environmental protection smart cloud applications, new energy application research, etc., and additional working capital.
According to the capital increase announcement, in 2022, Shaanxi Traffic Control Technology achieved operating income of 2,458 million yuan and net profit of 225 million yuan; from January to April 2023, it achieved operating income of 786 million yuan and net profit of 70,2091 million yuan. As of April 30, 2023, total assets were $4.676 billion, total liabilities were $2,201 million, and net assets were $2,475 million.