Galaxy Electronics to buy a military enterprise equity valuation up to 1 billion yuan

Digital set-top box leader of one of the Galaxy Electronics 19th night Notice, the company intends to issue shares and pay cash for the acquisition of Hefei Tong-chi Electromechanical Control Technology Co., Ltd. 100% equity. It is noteworthy that the same intellectual electromechanical is a military enterprise, the acquisition of equity valuations as high as 1 billion yuan. Market analysts pointed out that, since last year, the military industry, especially the conversion of the industry by the policy force pushed to release huge market potential, the Galaxy electronic acquisition will undoubtedly take a shortcut quickly cut into the market. In the reorganization plan, the same intelligence electromechanical commitment 2014 net profit will be no less than 74 million yuan, this figure is almost equivalent to the Galaxy Electronics just announced the 2013 annual net profit of nearly 70%. Product expansion to the civil field is introduced, with the electrical intelligent Control technology research and development as the core, specializing in electromechanical integrated management system products and related application software research and development, production and sales of High-tech enterprises, its products mainly include intelligent power system, intelligent distribution system, car motor equipment three categories. At present, the main customers of the same-chi electromechanical products assembly manufacturers and the military, product end consumer groups for the military. In recent years, with the same intelligence electromechanical military technology to the civilian field gradually promoted, its product consumer groups gradually extended to the civilian domain. A long-term tracking research of the military industry brokerage researcher told China Securities News reporter, with the intellectual electromechanical above three business interoperability is very strong, and there is a large system integrated potential space. Intelligent Power System is a special (military) vehicle to achieve training, combat, command, rescue, maintenance and other functions of the key components, mainly used in tanks, self-propelled artillery, communications vehicles, reconnaissance vehicles and other military special vehicles. The intelligent distribution system, according to the electrical characteristics of each device, is used to manage the device of electricity with fault self-diagnosis, shunt protection after failure and self recovery after troubleshooting, these two services can be integrated in the field of electric control system of vehicle motor equipment, so as to optimize the overall performance of vehicle motor. "This means that the same intellectual electromechanical business ' conversion ' easier to achieve seamless docking, into the civil market can quickly speed up." With the wisdom of electrical and mechanical aspects also said that the company in recent years has begun to integrate the three categories of products, to start the development of automotive electromechanical integrated management system. The company's outstanding performance highlighted the above securities researcher further analysis said that the 18 session plenary clearly proposed, will promote the deep development of civil-military integration. The industry generally believes that, under the sustained encouragement of policy, the previously mysterious and large-scale military industry will release potential in the civilian market. Market expectations, the future of our national defense industry in addition to strategic equipment, better asset quality and profitability of the military business assets are expected to carry out market-oriented reform, and vehicles, aircraft and other electronic control systems may become the forefront of the subdivision of the field, the company is a big positive. It is noteworthy that the same-chi electromechanical in the reorganization of the plan promised, its 2014 to 2016 net profit of no less than 74 million yuan, 82 million yuan and 97 million yuan. According to the Galaxy Electronics released on the same day performance letters, 2013 company to achieveOperating income of 1.21 billion yuan, an increase of 18.32% per cent, attributable to the listed company shareholders of the net profit of 111 million yuan, the growth of 17.96%, basic earnings of 0.53 yuan. Two sets of figures can be seen, with the wisdom of the 2014 promised net profit of not less than 74 million yuan, which is almost equivalent to the Galactic Electronics 2013 annual net profit of nearly 70%.