China's Leading permanent ferrite manufacturer DC announced that the company intends to acquire 100% of ZJ shares for 800 million yuan, and the final purchase price will be determined after the company audits, evaluates and performs due diligence on ZJ shares.
According to the official website of DC, the company was established on March 30, 1999. It is a high-tech private enterprise with multiple industrial groups such as magnetic materials and new energy. It is a leading enterprise in the magnetic industry in the country and is currently the world's largest company for Ferrite manufacturing, the world's largest manufacturer of soft magnetic materials.
According to public information, ZJ was established in 2011. Its main business is research, development, manufacturing, processing, wholesale, and retail of amorphous strips, amorphous transformers, amorphous reactors, amorphous motors, and amorphous belt equipment. And technology transfer; industrial project investment; real estate development; advertising services; self-employed and agency import and export of goods and technologies, except for goods and technologies that are restricted or prohibited by the state from being imported or exported.
The announcement shows that the counterparty promised that ZJ will realize a net profit of no less than 60 million yuan, 70 million yuan and 90 million yuan from 2016 to 2018, respectively.
Amorphous material is a typical "double green" soft magnetic functional material, which not only saves energy by 80% compared with the manufacture of cold rolled silicon copper, but also can significantly reduce the core loss of power electronic products. It is known as an excellent energy-saving material in the power electronics industry. One is mainly used in amorphous transformers and amorphous motors.
DC said that the company's current transaction is based on the expansion of the amorphous industry of soft magnetic materials, which is in line with the company's development strategy of “strengthening magnetism and developing energy” and the company ’s new material and new energy industry layout, which will help Rapid development is conducive to enhancing the company's profitability and is in the interests of the company and its shareholders.
About DC
The company is a major supplier and pioneer of technological development of the Fortune Global 500 companies. It mainly produces magnetic tiles, speaker magnets, microwave oven magnets, magnetic powder cores, solar cells, solar cell components, alkaline batteries, hard alloys, Lithium-ion power batteries and other sixty categories of products with tens of thousands of specifications are widely used in home appliances, automobiles, computers, communications and other fields.
Products exported to Europe, America, Korea, Japan, Southeast Asia and more than 60 countries and regions and enjoy a high reputation, the company has been awarded by Robert Bosch, Nidec, Samsung, Cooper, etc. Business. "