YANHUA SMARTECH(SZ:002178)2022-12-08 02:58Group 1: Company Overview - The company, Shanghai Yanhua Intelligent Technology (Group) Co., Ltd., is the first in China to be listed on the Shenzhen Stock Exchange with a focus on smart buildings [1] - The company has transformed into a smart city service and operator since 2013, with main business areas including smart buildings, smart healthcare, smart energy conservation, smart environmental protection, smart transportation, and smart tourism [1][2] Group 2: Business Performance - In the first half of 2015, the company achieved operating revenue of ¥403,032,893.53, a year-on-year increase of 10.99% [3] - The net profit attributable to shareholders was ¥34,587,977.27, up 15.86% compared to the same period last year [3] - The Eastern China region, centered around Shanghai, contributed 42.83% of the total revenue in the first half of 2015 [2] Group 3: Shareholding and Management - The chairman and actual controller directly and indirectly hold 37.11% of the company's shares, while the management team holds 756,000 shares, accounting for 1.13% of the total shares [1] - The company has a strong management team with industry experts and leaders, enhancing its operational capabilities [2] Group 4: Acquisition Strategy - The company plans to acquire Chengdian Yixing with a total transaction price of ¥359,224,285.71, where 68.28% will be paid through share issuance and 31.72% in cash [3][4] - The acquisition aims to enhance the company's capabilities in the smart healthcare sector, which is expected to contribute approximately 50% of the company's profits this year [3] Group 5: Competitive Advantages - The company has established the "Smart City Model" since 2011, collaborating with local state-owned platforms to participate in the entire process of smart city construction [2] - The acquisition of Chengdian Yixing is expected to significantly increase the company's EPS due to its lower price-to-earnings ratio of 13.5 compared to the company's valuation [4]