On May 8th, Ningbo Keli Sensing Technology Co., Ltd. (referred to as “Keli Sensing” or “Company”, 6033662) issued a notice on the establishment of a controlling subsidiary through external investment. It plans to use 270 million yuan to sign a Joint Venture Agreement with Shenzhen Guangming Science City Industrial Development Group Co., Ltd. The two parties plan to establish a joint venture, with Keli Sensing holding 90% of the shares.
The registered capital of the joint venture company is 300 million yuan, of which the subscribed capital of Keli Sensing is 270 million yuan, with a shareholding ratio of 90%; The subscribed capital of Guangming Science City is 300 million yuan, with a shareholding ratio of 10%.
The business scope of the joint venture Shenzhen Guangming Keli Intelligent Sensing Industry Development Co., Ltd. (tentative name, subject to the name approved and registered by the Market Supervision and Administration Bureau) includes technology research and development, product development, innovation platform creation, innovation carrier operation, as well as park development and civil engineering construction, proprietary facility operation and maintenance management, park operation and management, and comprehensive development of the area, as well as the transformation of scientific and technological achievements Equity investment, industrial investment, and other investments for the purpose of incubating scientific research enterprises; estate management; Rental of factory buildings, office buildings, and commercial buildings; Scientific and technological information consultation and exchange, investment agency, and business information consultation; Equipment maintenance.
The joint venture company, as a research and development highland, investment center, and industrial cluster of Keli Group, as well as the intelligent sensing industry chain operation platform of Guangming Science City, is planned and constructed to ultimately become a well-known intelligent sensing industry platform at home and abroad, a landmark brand of Keli Group, a flagship project in Guangming Science and Technology Development Group’s industrial cooperation, and a business card for the development and upgrading of Guangming Science City’s intelligent sensing industry.
The business plan of the joint venture for the next three years is to invest in and acquire high-quality enterprises and projects in the sensor industry chain in Guangming District, Shenzhen, establish research and development centers, build intelligent sensor industry platforms and professional parks, introduce and create high-end production lines, carry out industry chain supporting construction, and establish the South China regional headquarters of Keli Group. The company should be based in Guangming District, Shenzhen, gather high-quality intelligent sensing enterprises, actively carry out industrial investment and operation, strive to improve financial indicators through consolidation, and strive to meet the land acquisition standards in Guangming District within 3 years, build a new intelligent sensing professional park, and create an intelligent sensing industry cluster, while meeting the industrial land requirements of Guangming District.
The announcement indicates the purpose of this outward investment. Considering that Keli Sensor is a listed company that develops, manufactures, and sells physical quantity sensors, it has rich experience in investing in the intelligent sensor industry, creating characteristic parks for sensors and the Internet of Things industry, and forming industrial clusters; Guangming Science City is a wholly-owned functional state-owned enterprise in Guangming District, Shenzhen. It is positioned as a “new platform for industrial upgrading and a booster for technological innovation”, with the main focus on regional planning, industrial space, and technology finance. It can provide space and services for Party A to carry out intelligent sensing industry technology research and development, product development, investment and acquisition, platform construction, and industrial chain supporting construction in Guangming District, Shenzhen. We are now conducting friendly negotiations and adhering to the principles of complementary advantages, common development, and sincere cooperation, jointly investing in the establishment of Shenzhen Guangming Keli Intelligent Sensing Industry Development Co., Ltd
The announcement also pointed out that the establishment of the joint venture company still needs to be reviewed or filed with the local administrative department. The company, together with other parties, may face changes in industry policies, market environment, operational management and other factors in the future, and there is a certain degree of uncertainty in the company’s investment income. The company will further strengthen its post investment work, continue to pay attention to the operational status and management results of the joint venture company, and actively prevent, respond to, and control the aforementioned risks.
It is worth noting that in March of this year, Keli Sensing disclosed that it had signed a Strategic Cooperation Framework Agreement with the Guangming District People’s Government, intending to establish a joint venture company with a registered capital of 300 million yuan. It focuses on investing in and acquiring high-quality projects in the sensor industry chain, building research and development centers and high-end manufacturing bases, and creating a domestically first-class and internationally leading sensor industry platform.
Keli Sensing believes that in recent years, with the booming development of the Internet of Things industry, the demand for the sensor industry has grown rapidly. As the core engine of the Guangdong Hong Kong Macao Greater Bay Area, Shenzhen has a strong foundation in the electronic information manufacturing industry, and the development of the sensor industry has entered a fast lane. As an intelligent sensing industry cluster in Shenzhen, Guangming District is currently focusing on promoting the deep integration of intelligent sensing industry chain, innovation chain, capital chain, and talent chain, committed to creating a batch of high-quality intelligent sensor industry parks, which will provide broad development space for sensor enterprises.
Keli Sensing takes the three major cities of Shenzhen, Ningbo, and Zhengzhou as investment strategic fulcrums, and adopts the investment strategy of “refocusing, reinvestment, and industrial integration” to continuously carry out outward investment and mergers and acquisitions. The company has signed a strategic cooperation framework agreement with the People’s Government of Guangming District, which will fully utilize the company’s financial, management, talent, and technological advantages. It is expected that the joint venture will achieve an annual outward investment of 200 to 300 million yuan from 2023 to 2025, incubating 2-3 leading enterprises in the sensor segmentation field with the top three domestic market share, and connecting with the “second growth curve” of Coriolis sensors.