Smart energy: Great potential to enter the field of smart airport services

On August 16, Smart Energy announced that on August 15, the company and its major shareholder Far East Holding Group signed the Equity Transfer Agreement and its supplementary agreement with Xiao Peng and Xiao Gongchang, the actual controllers of Jinghangan. The company and Far East Holding Group acquired 51% and 49% of the equity of Jinghangan for 729.3 million yuan and 700.7 million yuan in cash respectively. Xiao Peng and Xiao Co-Chairman promised that Jinghangan’s net profit after deducting non-recurring gains and losses from 2017 to 2019 will be no less than 110 million yuan, 143 million yuan, and 171.6 million yuan respectively. This acquisition will have a positive impact on Smart Energy's operating income, net profit and other operating results in 2017 and subsequent years.

Information shows that Jinghang Security is called Beijing Jinghangan Airport Engineering Co., Ltd. The company was formerly an airport construction enterprise affiliated to the Beijing Military Region Air Force. It has a 15-year development history and has first-level capabilities in navigation lighting engineering, air traffic control engineering and weak current engineering. Qualifications, with nearly 100 engineering cases at home and abroad, it has been focusing on the development of airport engineering construction and airport smart energy control fields. It has undertaken projects for a number of dual-use military and civilian airports, air force airports, and some naval airports. According to Smart Energy’s announcement, after the transaction is completed, Smart Energy will quickly expand the domestic military-civilian integration general aviation industry and the Belt and Road airport infrastructure construction field by leveraging Jinghangan’s market resource platform and management team. At present, the development of military-civilian integration has become one of my country's important national strategies. The successful acquisition of Jinghangan marks a major breakthrough in smart energy's strategic layout of military-civilian integration airport construction and accelerating the development of military business.

According to the "Thirteenth Five-Year Plan for General Aviation", by 2020, my country will have built more than 500 general airports, the number of general aircraft will reach more than 5,000, the annual flight volume will be 2 million hours, and the overall industry scale will exceed 1 trillion yuan. , As a result, smart energy has entered the trillion-scale general aviation field. At the same time, according to the analysis of Zheshang Securities, through the equity acquisition of Jinghangan, Smart Energy is expected to accelerate the expansion of cable, energy storage, distributed energy and other businesses in the airport field, exert synergy effects, and benefit the growth of the company's original main business.

Securities Daily

For more exciting information, please visit the website of the financial industry (www.jrj.com.cn)