Zhongxiang Internet won the A + round investment of listed company Jihong, with a valuation of 105 million yuan after the investment

Industrial blockchain continues to be sought after by capital.

On the evening of January 19, Xiamen Jihong Technology Co., Ltd. (referred to as "Jihong Share") issued an announcement saying that the company's wholly-owned subsidiary, Shenzhen Jichain Blockchain Technology Co., Ltd. (hereinafter referred to as "Shenzhen Jichain") On June 16th, Beijing Zhongxiangbit Technology Co., Ltd. (hereinafter referred to as “Zhongxiangbit”) signed an “Equity Transfer Agreement”, which agreed that Shenzhen Geely Chains will be transferred to Zhongxiang Bit to hold Shenzhen Zhongxiang Internet Technology at a price of RMB 6.5 million. Co., Ltd. (hereinafter referred to as "Zhongxiang Interconnection") 6.19% equity.

Based on this calculation, Zhongxiang Internet has a valuation of 105 million yuan.

The announcement shows that, as of September 30, 2019, Zhongxiang Internet had an unaudited operating income of RMB 3.2889 million and an operating profit of RMB1.9173 million.

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Zhongxiang Internet is a subsidiary of Zhongxiang Bit Holdings, established in 2016. It is committed to the development and promotion of distributed technology represented by blockchain in the Internet of Things, finance, and supply chain business applications. It plays an active role in the construction and promotion of IoT information security in many fields such as finance, industrial control, and communications. According to public information, Zhongxiang Internet obtained the angel round financing of the Chinese Academy of Sciences and Technology in the beginning of its establishment, and has since obtained multiple rounds of financing.

Jihong shares said that the purpose of the transaction is an important measure for the company to actively deploy the "industrial + blockchain" strategic development plan and implement the company's application of cutting-edge emerging technologies to existing businesses . Through this transaction, Zhongxiang Internet provides the company with the technical results of its intellectual property rights in the form of patent technology authorization / licensing, etc., and provides guidance for the company's blockchain business operation management, implementation and implementation of technological innovation. The company's "blockchain anti-counterfeiting traceability 1.0" system with independent intellectual property rights has now officially launched, fully equipped with the ability to conduct blockchain business.

In addition, Jihong will be based on customer needs and supported by the underlying technology of the blockchain to provide solutions and operation and maintenance support for customer differentiation, innovative products and technologies, effectively improve the customer experience, and improve the company's existing business and technology layout. .

Jihong shares specifically mentioned that through the cooperation with Zhongxiang Internet in the blockchain, it hopes to create new profit growth points for the company and continuously improve the company's profitability. According to the 2019 annual results announcement issued by Jihong on the same day, the company's annual profit was 319.9 million yuan to 339.9 million yuan, and the net profit attributable to shareholders of listed companies increased by 50.07% to 59.45% over the same period last year.

Regarding the impact of participating in this transaction, Jihong believes that this transaction is in line with the company's strategic development plan and will not adversely affect the company's main business and development, and there will be no situation that harms the interests of the company and all shareholders. The source of funds for this transaction is its own funds, which in the long run is of positive significance to the company's financial position, operating results and future development.

According to Babbitt, on January 5, 2020, Shenzhen Jilian signed a Strategic Cooperation Framework Agreement with Evergreen and Zhongxiangbit to jointly build an industrial control system based on the underlying technology of the blockchain and the application of blockchain chips. , Build an information system based on blockchain technology, realize global supply and marketing of equipment and accessories and on-chain management of finance, and create a global alliance chain for the packaging and printing equipment industry.

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