On the evening of January 8, Kane announced the record of investor relations activities conducted by relevant investment institutions on its acquisition of Zhuoneng New Energy on January 5. According to the relevant person in charge of Kane shares, Zhuoneng New Energy's current production capacity of 3C batteries is 600,000 units per day, and there will be no further investment in 3C consumer batteries. The Guangxi Zhuoneng power battery production base will be the company's key development direction. Guangxi Zhuoneng currently has four production lines for power batteries, including two production lines for 2200mAh batteries and two production lines for 2600mAh batteries.
The relevant person in charge of Kane shares said that in terms of production technology, Zhuoneng belongs to a relatively mature and advanced echelon in the industry. The company has more than ten years of experience in the production of lithium-ion batteries in the industry, and is one of the pioneer teams in the industrial production of lithium-ion batteries in China. Zhuoneng has a thorough understanding of the 18650 process, and is the first echelon in the 18650 field. At present, Zhuoneng has used silicon carbon anode and NCA materials in some products, and has improved the electrolyte, and some products also involve the concept of graphene. In terms of research and development, Zhuoneng has the ability to develop high-end, high-capacity materials on the market into corresponding battery cell products. At the same time, Zhuoneng reserves higher capacity technical products in research and development. In terms of yield, Zhuoneng has rich product experience and advanced technical equipment. At present, the production efficiency of the Korean production line imported by Zhuoneng can reach 200ppm, which is the best in the industry. Advanced production equipment provides a hardware guarantee for the yield rate of Zhuoneng's products.
It is reported that in May 2017, Cain shares announced that it plans to acquire 97.9% of Zhuoneng New Energy for 2.72 billion yuan, plus Cain's previous control of Zhuoneng New Energy 2. 1% equity, completed the acquisition of 100% equity of Zhuoneng New Energy. Since then, Kane has adjusted the acquisition plan, changing the proportion of shares of Zhuoneng New Energy, the target company of the acquisition, from 97.8573% to 87.5842%. After the transaction is completed, the 2.1427% of the shares it already holds will be added. Kane shares will hold a total of 89.7269% of the underlying assets. Since the overall valuation has not changed, the reduction in the proportion of the acquired equity has reduced the transaction consideration by approximately 308 million yuan.
The net profit of Zhuoneng New Energy attributable to the owners of the parent company during the performance commitment period shall be no less than 140 million yuan (2017), 200 million yuan (2018), and 240 million yuan ( 2019), 280 million yuan (2020). According to the information released by Cain shares, as of November 2017, Zhuoneng's unaudited net profit from January to November was approximately 118 million yuan, and the 2017 annual performance promise is achievable.
At the same time, Kane shares stated that the battery cell products produced by Zhuoneng New Energy are at the forefront of the country in terms of high and low temperature performance, long cycle life, and high rate. The product qualification rate of the production line reaches 98% on average. above. At present, Zhuoneng New Energy's main customers for power batteries include Ganzhou Hengjiu, Zhengyun, Tianjin Xinyi, Jiangsu Veken, Jiangsu Sol, Jiangsu Haisida, Henan Xintaihang. At the same time, Zhuoneng New Energy predicts that the overall gross profit rate in 2017 will be 16.54%. According to Zhuoneng New Energy’s unaudited financial data, the overall gross profit rate from January to November 2017 is 16.76%, and the net profit margin is approximately 10%.