Western resources to be transferred 52 million 800 thousand yuan of 80% yuan of transfer of space

- Sep 06, 2016-

It is reported that in 2014 the western resources to build new energy automotive industry chain, through various investigation and demonstration, that three yuan of lithium battery with high energy, good cycle performance, is an important development direction of lithium batteries and new energy vehicles in the future, and with its own funds and Suzhou power joint venture set up Yu battery, R & D, mainly engaged in the production and sales of three yuan of lithium batteries, some of its products for manufacturing enterprises downstream companies in the industrial chain of Chongqing Hengtong Bus Co. Ltd. (hereinafter referred to as "Hengtong"), in order to save costs, play a synergistic effect.SNL is a professional lithium battery supplier, which also is an electric bike battery manufacture/factory supplies 36v lithium Battery36v battery 48v battery48v lithium ion battery48v 10a and so on.



In 2016, according to the national energy policy adjustments to the new bus, three yuan of lithium batteries suspended included in the promotion and application of new energy vehicles recommended models directory, the amount of battery Yu in the first half of 2016 did not sign any new orders, only rely on 2015 signed orders, sales revenue of 62 million 933 thousand and 100 yuan, three yuan of lithium battery new energy bus the car and the main push to Hengtong bus is mainly equipped with battery production volume, affected by the sharp decline in sales of new energy bus, only to Yu battery purchase 213 thousand and 500 yuan, accounting for 0.34% of sales revenue, resulting in greater pressure on the operation of the company. solar power battery has 12v rechargeableand SNL also offers 12v battery alarmalarm system batteries 12v12v rechargeable battery for alarm system12vdc battery12 volt12 volt security system batterybatterie 18650 ,battery 18650lightest 12v battery and so on.  


Therefore, the amount of battery products for Yu the direction of the re planning, including the increase of lithium iron phosphate battery production, the original passenger car sales customer focus to customer car adjustment, but still need some time to complete, is expected to adversely affect the production and operation, and can not give full play to the synergy of new energy vehicles company to build the industrial chain. At the same time, the size of the battery is smaller, still do not have the scale effect, coupled with the adjustment, the need for a large number of capital investment, and the company's financial strength is limited.           


In view of this, in order to avoid the negative impact of the performance of the company's performance of the company, to ease the financial pressure, the company intends to be stripped to focus on the advantages of capital, the company has a positive impact on production and operation. By the company's initial estimates, this transaction will achieve investment income of about 9 million 978 thousand and 600 yuan. After the completion of this transaction, the company no longer holds a stake in the battery, will lead to changes in the scope of the consolidated statements.SNL company also offers 2s lithium battery including: 7.4v lithium ion battery, 7.4v 2200mah li-ion battery, 7.4v 2200mah battery, lithium ion battery 7.4 v 2200mah, 7.4 volt lithium ion battery,  7.4v li-ion battery pack and so on.



Western Resources said, such as the following countries re adjustment of new energy policy, bus three yuan of lithium batteries can be included in the promotion and application of new energy vehicles recommended models directory, and Hengtong bus after assessment, decided to continue to use the volume of battery products, will constitute a connected transaction. By then, the company will be strictly related to the transaction decision-making process, follow the laws of the market economy, to ensure that the fair trading price.