From environmental protection to photovoltaics to robots, can the cross-border Wang Zhongke Cloud Network turn over this time?

From environmental protection to photovoltaics to robots, can the cross-border Wang Zhongke Cloud Network turn over this time?
After repeated failures in transformation, the former “private restaurant enterprise’s first stock”, China Science and Technology Cloud Network, turned its attention to the now-popular “robot”.  Recently, China Science and Technology Cloud Network announced plans to acquire a robot company.”After the transaction is completed, the main business of listed companies will increase sales of industrial robots, education and training of industrial robots, network platforms and other related businesses.”” Since the disclosure of the restructuring plan on March 18, Zhongke Yunwang has been in a daily limit for three consecutive days.As of the close of March 27, the company’s total market value has gradually increased by about 3 in 8 trading days.600 million yuan.  Can “robot” fight for Zhongke Yunwang?  With a huge loss of 3,000,000, the Foxconn Industrial Internet Ecological Partners who want to buy nearly 2 billion “robots” are subject to two successful “container” experiences. In 2019, Zhongke Yunwang handed over a copyTranscript, its net profit attributable to shareholders of listed companies in 2019 is about -3574.150,000 yuan, -1918 after deduction.730,000 yuan.Prior to this, Zhongke Cloud had deducted non-post-profit net profits for six consecutive years.  The day after the annual report was disclosed, on March 18, 2020, Zhongke Cloud’s major asset restructuring plan was also released.According to the announcement, Zhongke Yunwang plans to issue shares to Shanghai Luobo Information Technology Co., Ltd. (abbreviation: Luobo Information) and pay cash to purchase its 100% equity in Shanghai Kumao Robot Co., Ltd. (abbreviation: Kumao Robot)The predicted value of the 100% equity of the target company does not exceed 1.900 million yuan.  Kumao Robot was established in June 2015 with a registered capital of 10 million yuan and the actual controller is Yu Juncheng. The company’s main business is the sales of industrial robots.Kumao Robot has one holding subsidiary: Kumao School.  The data shows that the target company’s performance is obvious.In 2018 and 2019, Kumao Robot’s operating income was 13,167, respectively.580,000 yuan, 10183.400,000 yuan, net profit was 408.1 million yuan, 24.540,000 yuan; as of the end of 2019, the total assets of Kumao Robot were 7803.680,000 yuan, with a total debt of 5,070.480,000 yuan.  According to the “Issuance of Shares and Payment of Cash to Purchase Assets Agreement” between the parties to the transaction, the counterparty of the transaction will add 40 million yuan to the target company in cash, which is mainly used to repay the interests of shareholders and supplement working capital;The operation of the online online platform of robots transferred to the target company.According to the information released by the robot online subscription number, in 2019, “Robot Online” signed a contract as a Foxconn industrial Internet ecological partner.  Zhongke Yunnet said: After the completion of this transaction, the main business of listed companies will increase sales of industrial robots, industrial robot education and training, network platforms and other related businesses. “The profitability and sustainable development of listed companies will be significantly improved.””From a policy perspective, this layout of Zhongke Cloud Network is only forward-looking, because the country is vigorously supporting the robot intelligent industry, and this industry also has great development prospects; from the capital side, the market is clearlyTechnology companies favor you.”China Food Industry Analyst Zhu Danpeng told the sauna, Yewang.  Zhongke Cloud also mentioned in the plan: “Listed companies and target companies will optimize and integrate to a certain extent in customer resource management, technology research and development, financial accounting, human resource management, corporate culture, etc., to play a synergistic effect.After the transaction, there is a certain degree of uncertainty as to whether the integration of the parties can be implemented smoothly, and there is a risk that the integration may not achieve the expected results.In response to this acquisition, Sauna and Yewang called Zhongke Yunwang to conduct interviews on related issues. The company stated that everything is subject to the announcement.  Sauna, Yewang noticed that democracy, Zhongke Yunwang and robots have had an intersection.  In August 2012, Zhongke Yunwang acquired Ajido Corporation, and at the same time dated cooking robot equipment, “relying on intelligent cooking robots to make dishes.”It is reported that Zhongke Yunwang invested more than 300 new dishes in 2012, “more than 140 dishes suitable for cooking by cooking robots.In the 2012 annual report, Zhongke Yunnet stated that the company has completed the layout of the “four-wheel drive development model”, one of which is “group cooking service with cooking robots as its core.”  In the 2013 semi-annual report, Zhongke Cloud also pointed out that “the introduction and promotion of intelligent cooking robot technology has solved the problem that Chinese catering has always been difficult to overcome, that is, the standardization of production.”Since then, the cooking robot has not appeared in the announcement of Zhongke Yunwang.  This cross-border plan soon attracted regulatory attention. On March 26, China Science and Technology Cloud received a reorganization inquiry letter from the Shenzhen Stock Exchange.The Shenzhen Stock Exchange requires Zhongke Cloud.com to include “Arrangements for Maintaining Stability of Main Business”, “Measures to Prevent Unfair Competition of Resources in Listed Companies under Double-Main Business after the Transaction Is Completed”, and also requires the company to specifyThe basis for determining the predicted value of this transaction explains the reason for the high value-added rate of predicted value and the rationality of the pricing, whether it is beneficial to protect the interests of listed companies and small and medium shareholders.  The struggle of the first private restaurant in the past: transformation failed to lose the industry pattern. The predecessor of China Cloud Network was Beijing Xiang E Qing Restaurant Co., Ltd., which was listed on the Shenzhen Stock Exchange on November 11, 2009.”Private Catering Enterprise Group”; after the introduction of the “Eight Regulations”, the mid-to-high-end catering business is under pressure to transform the plan of Hunan and Hubei. On August 25, 2014, in order to meet the needs of the company’s strategic transformation and development, the company’s former actual controller Meng KaiUnder the transition, it was renamed Zhongke Yunwang Technology Group Co., Ltd.Today, Zhongke Cloud’s online marketplace has been in transition for more than 10 years, with transitions across borders, and its performance often suffers from duplication.  In early 2012, Zhongke Cloud developed a transformation and development strategy, committed to building the company into a leading integrated catering service provider in China. In that year, Zhongke Cloud acquired the company of Long Dehua and Weidu.The strategic layout of the company’s multi-format development.  Under these heavy layouts, it was the first replacement year after the listing that greeted Zhongke Cloud.In the 2013 annual report, Zhongke Cloud said: “Due to the severe deterioration of the company’s restaurant business interruption, 2013 has become a serious make-up in the company’s history and a difficult year for operation. Transformation has become the only way for the company’s development.”In 2013, while closing some stores to stop losses, Zhongke Cloud Network invested in and operated the environmental protection industry. Hefei Tianyan and Jiangsu Shengyi, the environmentally-controlled enterprises with a controlling shareholding; in 2014, Zhongke Cloud Network continued to replace; 2015In 2003, Zhongke Cloud shifted the focus of its work from business operations to solving the problem of debt default.  This year, the goal of reversing losses was achieved, but the cost was heavy: through the sale of major assets, listed companies replaced alternative businesses such as restaurants, food processing, and fast food, and only retained the group meal business.Due to the divestiture of major assets and the transfer of the “Xiang-Eqing” series of trademarks, Zhongke Yunwang has completely lost its core competitiveness in Xiang-Eqing brand restaurant catering services and compound flavor substitution.  From 2015 to 2016, China Science and Technology Cloud Network re-established a new business structure for listed companies through major asset restructuring (issue of shares to purchase assets and matching fund-raising).Initially, the goal of Zhongke Cloud was to “integrate the expansion of profitability and develop promising photovoltaic assets.” It had planned to invest 1.8 billion to buy 100% equity of Sichuan Dingcheng Electric Power Engineering Co., Ltd.According to the plan at the time, the predicted value of the transaction divided the parent company’s net asset book value appreciation rate as high as 2792.11%.However, this reorganization is expected to take place eventually, according to the announcement of the listed company, on the grounds of “market environment, policy changes” and so on.  Sauna, Yewang noticed that as early as 2016, the revenue of Zhongke Yunwang’s environmental protection business has been zero.  In 2018, after experiencing two consecutive years of reduction, Zhongke Cloud Network turned losses into profit again, “mainly benefited from the company’s debt transfer proceeds and the debt restructuring gains realized by writing off the pre-received membership card.”This time, Zhongke Cloud, which reported huge returns in 2019, bet on robots.Can robots help Zhongke Yunwang to make a comeback?  ”As far as Zhongke Cloud Network itself is concerned, the catering industry in which it is located is also developing in the direction of intelligence, because the labor cost is getting higher and higher.”Zhu Danpeng said,” I personally think that the layout direction of Zhongke Cloud Network is no problem, the key is how to integrate after the acquisition.”Sauna, Night Net Yan Xia Editor Yue Cai Zhou Sunyong Proofreading Liu Jun