Shanghai Huicheng Engineering Technical Services Co., Ltd. announced that it will receive CNY 13,440,000 in an equity round of funding on December 20, 2017. The transaction will include participation from returning investor, Zhongyeda Electric Co., Ltd. (SZSE:002441). Out of the total capital increase, CNY 1,932,400 will go to the registered capital of the company and the remaining CNY 11,507,600 will go to the capital reserve of the company. Post the closing, the registered capital of the company will increase from CNY 22,222,200 to CNY 24,154,600. Post the closing, the stake of the investor will increase from 8% to 15.36%. The transaction has been approved at the 7th session of the investor's 4th directorate. The company reported total assets of CNY 33,750,082.42, total liabilities of CNY 13,047,690.17, shareholders equity of CNY 20,702,392.25, revenue of CNY 44,238,353.43, operating profit of CNY 4,160,621.37, and net profit of CNY 4,428,684.35 for the year ended December 31, 2016.