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Holding 5.57%, Xiaomi invests in Suzhou Mingfu sensor company
Suzhou gutechnetium said in the announcement that this capital increase is another important measure for Suzhou Mingfu to move towards the strategic goal of "the world's leading sensor and sensing technology solutions company". On the one hand, it can enhance the synergy between Suzhou Mingfu and downstream customers, and further stabilize and strengthen Suzhou Mingfu's leading position in the domestic sensor segmentation industry; On the other hand, it will further optimize the ownership structure of Suzhou Mingfu, enhance the capital strength of Suzhou Mingfu, and create conditions for the future development and growth of Suzhou Mingfu.
On May 19, Suzhou solid technetium issued an announcement on the financing and equity changes of the joint-stock company.
The announcement shows that on May 18, 2021, the company cooperated with the joint-stock companies Suzhou Minghe Sensor Technology Co., Ltd. (hereinafter referred to as "Suzhou Minghe"), Hubei Xiaomi Changjiang industry fund partnership (limited partnership) (hereinafter referred to as "Xiaomi Changjiang industry fund"), Suzhou FenHu Qinhe venture capital center (limited partnership) (hereinafter referred to as "FenHu Qinhe") SME Development Fund (Shaoxing) equity investment partnership (limited partnership) (hereinafter referred to as "Shaoxing investment") and other shareholders of Suzhou Mingfu jointly signed the capital increase agreement of Suzhou Mingfu Sensor Technology Co., Ltd.
According to the agreement, Suzhou Mingfu will implement the employee stock ownership plan (hereinafter referred to as "ESOP capital increase"), which has subscribed a total registered capital of 2.2553 million yuan. After the completion of ESOP capital increase, Xiaomi Changjiang industry fund, FenHu Qinhe and Shaoxing investment made a total capital contribution of RMB 65 million in the form of capital increase in accordance with the terms and conditions agreed in the agreement, subscribed for the newly increased registered capital of Suzhou Mingfu of RMB 6.4155 million, and the remaining RMB 58.5845 million was included in the capital reserve of Suzhou Mingfu.
After the capital increase, the registered capital of Suzhou Mingfu was changed from 62.1811 million yuan to 70.8519 million yuan, and Xiaomi Changjiang industry fund, FenHu Qinhe and Shaoxing investment held 5.57%, 2.09% and 1.39% respectively（ (see the figure below for details)
△ source: screenshot of Suzhou technetium fixation announcement
According to the data, Suzhou Mingfu was established in September 2011, jointly invested by well-known management and technical teams at home and abroad and Suzhou solid technetium. It is mainly engaged in the R & D, design and production of MEMS sensors and provides relevant technical services. The main products are acceleration sensors, gyroscopes, pressure sensors and magnetic sensors, which are designed to provide required products and integration solutions for consumer electronics, automotive electronics, industrial automation, aviation and other fields.
According to the announcement, in 2020, Suzhou Mingfu achieved a cumulative sales revenue of 88.1403 million yuan, an increase of 19.17% over the same period last year. From January to March 2021, the cumulative sales revenue was 33.4777 million yuan, an increase of 137.85% over the same period last year.
Suzhou gutechnetium said in the announcement that this capital increase is another important measure for Suzhou Mingfu to move towards the strategic goal of "the world's leading sensor and sensing technology solutions company". On the one hand, it can enhance the synergy between Suzhou Mingfu and downstream customers, and further stabilize and strengthen Suzhou Mingfu's leading position in the domestic sensor segmentation industry; On the other hand, it will further optimize the ownership structure of Suzhou Mingfu, enhance the capital strength of Suzhou Mingfu, and create conditions for the future development and growth of Suzhou Mingfu.
