rose nearly three times in one month. Tianyin Holdings (000829.SZ), which was once regarded as the concept of “e-cigarette”, was caught in a whirlpool of controversy due to an announcement.
On the evening of September 10, Tianyin Holdings issued an announcement, announcing that it plans to participate in the joint acquisition of a mobile phone brand business, and the scope of the acquisition will involve brand trademarks, research and development, and supply chain. The announcement stated that the matter is currently in the initial stage of negotiation and planning, and no letter of intent or related transaction agreement has been signed with the counterparty.
The company stated that there are major uncertainties in this matter and will perform the corresponding information disclosure obligations in a timely manner depending on the subsequent progress.
It is worth noting that the share price of Tianyin Holdings has soared from 7 yuan per share in late July to 26.9 yuan per share, an increase of three times. However, CBN recently learned from a number of leading manufacturers, and all of them said it was "impossible" for the "acquisition". At the same time, the reporter learned exclusively from people familiar with the matter that the most likely acquirer at present is Tinno Technology (400059), which is mainly oriented to the overseas mobile phone market.
The reporter checked the announcement and found that the stock transfer price of Tinno Technology has been transferred for multiple consecutive days (August 20, August 27, September 3, September 6, September 7, September 8th) The increase limit was reached. Tinno Technology Group announced on September 2 that the company’s stock transfer method will be changed to 5 times a week from September 3rd.
A number of leading manufacturers refute the rumors of the "scandal"
As a result of participating in the acquisition of the glory , Tianyin Holdings has a capital relationship with the " Huawei series".
On November 17, 2020, a number of Huawei supply chain companies issued a joint statement stating that Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holding Co., Ltd. .Complete the comprehensive acquisition of business assets related to the Honor brand. After the sale, Huawei no longer holds any shares in the new glory company.
On the night of the acquisition, Tianyin Holdings issued an announcement stating that, at present, Star Alliance Information has acquired part of the equity of Shenzhen Zhixin New Information Technology Co., Ltd. held by Shenzhen State-owned Assets Cooperative Development Private Equity Partnership (Limited Partnership). Prior to this, Tianyin Communications, a wholly-owned subsidiary of the company, participated in the investment (accounting for 1.74% of the total capital contribution) to establish the Shenzhen Xingmeng Information Technology Partnership. Based on the above situation, the company plans to increase the amount of subscribed capital contribution of its wholly-owned subsidiary Tianyin Communication in Xingmeng Information, but the final investment amount has not yet been determined.
On the evening of November 25 last year, Tianyin Holdings issued an announcement saying that the company had increased its investment in Star Alliance Information to 500 million yuan, and its shareholding ratio after the capital increase would increase from 1.74% to 17.97%.
However, insiders of Glory told CBN reporters that there is no acquisition or "backdoor" event.
Since the spin-off from Huawei last year, news about the listing of Honor has never stopped. Honor CEO Zhao Ming said in an interview with reporters in August that from the perspective of future company strategy, listing is an option for Honor. As for domestic listing or overseas portfolio (listing), the agenda has not yet been put on the agenda. "Honor does not exclude listing at the right opportunity. As for the time to market and other details, it has not been put on the agenda. Regarding financial data, we will consider publishing the annual financial report." Zhao Ming said.
Another scandal target of Tianyin Holdings is the current Huawei mobile phone brand.
Although Qualcomm has resumed the supply of Huawei's 4G chips, judging from the current mobile phone market environment, Huawei still faces huge challenges in maintaining its share of mobile phones in the past. Earlier news said that Huawei will focus on the Mate series and P series. The nova , Changxiang, and Maimang series brands will be licensed to the three major operators and other partners to operate.
"Nonsense, I don't know what the intention was to release this (acquisition) news at this point in time." A Huawei mobile phone insider told reporters.Currently, Huawei's mobile phone brands are still operating normally. Earlier, Huawei officially stated that it is undergoing a technical update of the nova mobile phone, and nova9 will also be released normally.
Huawei has repeatedly refuted rumors about whether to sell Huawei's mobile phone brand.
Huawei's rotating chairman Guo Ping said last month that Huawei will continue to exist in the field of mobile phones. It is hoped that as core capabilities continue to increase, the mobile phone throne will eventually return. In response to the problem of stuck necks in the entire industry chain, Huawei will use its own capabilities to help partners in the industry chain to enhance their own capabilities, break through the obstacles of others, and establish a reliable supply chain.
In addition, in addition to Huawei, other leading manufacturers also told reporters that they did not know about Tianyin's "acquisition".
Tianlong Technology stock price changes
In the domestic market, in addition to the head phone company, there are currently many small and medium-sized brand mobile phone manufacturers. However, insiders of mobile phone manufacturers including and Meizu also told reporters that they "do not understand" the acquisition of Tianyin Holdings.
However, a new three-board mobile phone manufacturer has recently seen frequent stock transfers.
Tianlong Technology Group Co., Ltd. announced on September 8 that the company’s stock transfer price has reached the increase limit for three consecutive transfer days. According to the "National SME Share Transfer System, the Interim Measures for Information Disclosure of Two Network Companies and Delisting Companies 》, this situation is an abnormal fluctuation of stock transfers. On September 3, the aforementioned group also issued a similar announcement of abnormal fluctuations in stock transfers.
A person familiar with the matter said exclusively to a reporter from China Business News that Tianyin Holdings is currently contacting Tianlong Technology and intends to use the latter channel to export related mobile phone brands and obtain 5G chips.
According to the official website, Tianlong Mobile was established in June 2005 and is mainly engaged in ODM-toB business.In the early days, Tinno established cooperative relations with local young national brands in nearly 20 countries around the world to provide complete product planning, design and manufacturing and marketing services. At present, there are nearly 4,000 employees. In addition to production and manufacturing personnel, 50% of R&D and technical personnel have professional backgrounds.
In addition, Tinno has established technical cooperation with global wireless communication chip companies and Google . It has established R&D centers and design centers in Shenzhen, Nanjing, Shanghai, France and Taiwan, and has related supply chain systems and two production bases. , Manufacturing equipment and global logistics distribution system. Wiko and Sugar, which mainly focus on overseas markets, have a close relationship with Tinno.
It is understood that as early as 2012, Tinno Mobile had applied for a listing on the Shenzhen Stock Exchange and planned to publicly issue 30 million shares, with a total share capital of 120 million shares after the issuance. However, it was subsequently rejected by the Securities Regulatory Commission's Main Board Issuing Examination Committee for reasons involving excessive reliance on tax rebates. In 2014, Tinno Mobile again "fancy" the delisted "Chuangzhi 5", and then transferred to the NEEQ trading. The current name is changed from Chuangzhi 5 to Tinno 5.
The reporter inquired about Tianlong's 2021 semi-annual report and found that of the company's main business structure, 86.97% was mobile phone R&D and sales, and 13.03% was other (calculated) revenue. In the market distribution, China, the United States and France are the top three sales markets, accounting for 26.51%, 19.40%, and 7.22% respectively.
As of June 30, 2021, the operating income of Tinno Technology Group Co., Ltd. was 6.028 billion yuan, a year-on-year increase of 103.41%, and the net profit was 655.671 billion yuan, a year-on-year increase of 20.19%. But in 2020, during the reporting period, the company’s operating income was 8.681 billion yuan, and its net profit was 61.4582 million, a year-on-year decrease of 38.29%.
The current market value of Tinno is about 6.2 billion yuan. As of the close of September 10, the company’s share price is It was 3.33 yuan, down 4.86%.
The acquisition is in the initial stage of negotiation and planning
Regarding the acquisition, Tianyin Holdings issued an announcement on September 10, stating that this plan does not involve the issuance of shares to purchase assets.Does not constitute an equity change at the listed company level, does not involve a change in the company’s controlling rights, does not have a significant impact on the company’s 2021 performance, does not constitute a connected transaction, and does not constitute a major asset as required by the " Management Measures for the Major Asset Restructuring of Listed Companies" Reorganization. Up to now, the company has not determined the subject of the transaction, the scope of the specific assets involved, and the transaction price, and has not carried out due diligence, audit, evaluation and other related work. Therefore, there is significant uncertainty in this matter.
It is reported that Tianyin Holdings was listed on the Shenzhen Stock Exchange on December 2, 1997. After a major asset reorganization in 2003, its main business was changed to communication product marketing services and mobile Internet business. It has now become Internet marketing and mobile Internet services. A group company integrating Internet, mobile communications, and lottery services.
However, from the perspective of Tianyin Holdings' traditional main business mobile phone distribution business, the mobile phone distribution business still accounts for nearly 95% of its operating income. The 2019 and 2020 financial reports show that the company's main business gross profit margin is 3.72% and 2.86%.
In the first half of this year, Tianyin’s revenue in the first half of the year was 37.556 billion yuan, an increase of 26.64% year-on-year. Net profit attributable to the parent was 86.961 million yuan, a year-on-year increase of 19.3%; non-net profit deducted from RMB 76,980,500, a year-on-year increase of 168.42%; debt ratio was 80.89 %, gross profit margin 2.72%.
From the perspective of e-cigarette business, Tianyin Holdings’ e-cigarette contribution performance is only in its infancy. In the first quarter of 2021, e-cigarette business only accounted for 0.07% of its revenue. From the perspective of industry insiders, combined with the stock price trend in the last month, it is difficult to support Tianyin's current stock price only with "e-cigarettes".
According to the major asset restructuring standards, the total assets or net assets to be purchased and sold or the operating income generated by related assets account for more than 50% of the audited consolidated financial accounting report of the listed company in the most recent fiscal year. As of June 30, Tianyin Holdings has total assets of 13.333 billion yuan, net assets of 2.503 billion yuan, and operating income of 37.56 billion yuan in the first half of the year. Combined with the current market valuation of several major mobile phone manufacturers, in the industry's view, most of the brands acquired this time are small and medium-sized mobile phone manufacturers.
In the latest announcement, Tianyin Holdings stated that the acquisition is currently in the initial stage of negotiation and planning.It has not signed any letter of intent or related transaction agreement on the matter with the counterparty.
As of the close of September 10, Tianyin Holdings reported 26.90 yuan, a slight drop of 1.97%.
.-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-