Yonyou Network Technology Co., Ltd. agreed to acquire 20% stake in Yonyou Energy Technology Co., Ltd. from Beijing Zhongneng Hechuang Investment Center (Limited Partnership) for CNY 47 million.
June 03, 2019
Share
Yonyou Network Technology Co., Ltd. (SHSE:600588) agreed to acquire 20% stake in Yonyou Energy Technology Co., Ltd. from Beijing Zhongneng Hechuang Investment Center (Limited Partnership) for CNY 47 million on June 4, 2019. For the year ended December 31, 2018, Yonyou Energy Technology Co., Ltd. had total assets of CNY 136.2 million, net assets of CNY 87.7 million, revenue of CNY 169 million, operating profit of CNY 32.7 million and net profit of CNY 28.9 million. The transaction is not subject to approval from shareholders of Yonyou Network Technology Co., Ltd. The transaction has been approved by the Board of Yonyou Network Technology Co., Ltd.
Yonyou Network Technology Co., Ltd. is specialized in the development and manufacturing of management software products. These products are used for enterprise resource planning, human resource management, office automation, customer relationship management, product lifecycle management, etc. Net sales break down by activity as follows:
- services (69.1%): maintenance, technical support, consulting, and training services;
- sale of licenses (29.6%);
- other (1.3%).
China accounts for 98.4% of net sales.
Yonyou Network Technology Co., Ltd. agreed to acquire 20% stake in Yonyou Energy Technology Co., Ltd. from Beijing Zhongneng Hechuang Investment Center (Limited Partnership) for CNY 47 million.
YONYOU NETWORK TECHNOLOGY CO.,LTD. 
