On the evening of July 27, Huagong Technology Industry Co., Ltd. issued an announcement on the public listing and transfer of the equity of the participating company.
The announcement stated that in order to further optimize and adjust the company’s industrial layout, HGTECH plans to transfer the Wuhan HGTECH Investment Management Co., Ltd., a wholly-owned subsidiary of Wuhan HGTECH Investment Management Co., Ltd. Yunling Optoelectronics Co., Ltd. (hereinafter referred to as “Yunling Optoelectronics”) 8.2% equity.
Currently, Huagong Investment, a wholly-owned subsidiary of Huagong Technology, holds a 25.24% stake in Yunling Optoelectronics. In order to further optimize and adjust the company’s industrial layout, Huagong Technology plans to transfer 8.2% of the equity of Yunling Optoelectronics held by Huagong Investment through public listing, and the listing price is not less than 123 million yuan. After the completion of the transfer, Huagong Investment still holds a 17.04% stake in Yunling Optoelectronics.
Wuhan Yunling Optoelectronics Co., Ltd. was established in January 2018. It is a high-tech enterprise focusing on mid-to-high-end optical chip products, integrating R&D, manufacturing and sales, and owning independent intellectual property rights.
The company has the vertical integrated production capacity of 2.5G/10G/25G full series of semiconductor laser chips for optical communication. The company’s self-developed epitaxial material growth technology with high uniformity, high stability and high reliability is in the leading position in China and reaches the international advanced level. In 2020, Yunling Optoelectronics achieved revenue of 104 million yuan and a net loss of 25.36 million yuan. In the first half of this year, its revenue was 48.45 million yuan and its net loss was 2.8 million yuan.
Yunling Optoelectronics currently has more than 240 employees and 76 R&D personnel. Huagong Investment is its second largest shareholder, and the largest shareholder is Wuhan Fengchuang Weiyuan Technology Partnership (Limited Partnership), which holds 26.28% of the shares. After the completion of the equity transfer, Huagong Investment is still the second largest shareholder of Yunling Optoelectronics.
Huagong Technology said that Yunling Optoelectronics is an important layout of the company in the field of optical chips. This transaction will further optimize the equity structure of Yunling Optoelectronics and introduce strategic investors, which will help Yunling Optoelectronics to enhance the synergy advantages of the industrial chain and expand industry applications. channels, increase market share, and enhance Yunling Optoelectronics’ core competitiveness and industry influence.
After the transfer of 8.2% equity of Yunling Optoelectronics, Huagong Investment will further gather resources in the industrial chain and optimize and adjust the industrial layout. At the same time, this transfer will also have a positive impact on the company’s financial status and operating results, and enhance the company’s performance.
After the completion of this equity transfer, HG Investment will continue to be an important shareholder to carry out further cooperation with strategic investors and Yunling Optoelectronics to promote the development of the industrial chain to realize the enhancement of equity value.