Core Viewpoint - Wanlong Optoelectronics is planning to acquire control of Zhongkong Information through a share issuance and cash payment, aiming to improve its financial situation after experiencing significant losses in recent years [1][4]. Group 1: Acquisition Details - Wanlong Optoelectronics announced on December 4 that it intends to acquire control of Zhongkong Information by purchasing shares from major shareholders, including Hui Ge Partnership, Yun Yin Partnership, and Zhi Ge Partnership, which collectively hold 53.0397% of Zhongkong Information [4]. - The transaction is classified as a related party transaction and is expected to constitute a major asset restructuring, although it does not qualify as a restructuring listing [4]. - The company plans to disclose the transaction details within 10 trading days, by December 18 [4]. Group 2: Financial Performance - Zhongkong Information had previously attempted an IPO but withdrew its application in August 2024 after being accepted in June 2023 [5]. - From 2021 to 2023, Zhongkong Information reported revenues of approximately 3.085 billion, 3.325 billion, and 3.185 billion yuan, with net profits of about 150 million, 159 million, and 146 million yuan respectively [6]. - In contrast, Wanlong Optoelectronics has faced continuous net losses from 2022 to 2024, with a revenue of approximately 201 million yuan in the first three quarters of this year, a decrease of 23.52% year-on-year, and a net loss of about 10.3 million yuan [6]. Group 3: Industry Context - The core business of Zhongkong Information focuses on automation, informationization, and intelligent construction services for infrastructure, covering various sectors such as urban traffic, highway traffic, rail transit, and water environment [6]. - The acquisition may serve as a strategic move for Wanlong Optoelectronics to seek new business growth and profit sources amid its ongoing financial struggles [7].
IPO撤单逾一年,中控信息谋“曲线上市”