Can Jiu'an Medical “Hardware + Service” hold up a day?

Mergers and acquisitions bring new profit points

After nearly a month of warming up to the market to acquire mobile medical companies, Jiu'an Medical (quote 002432, buy) recently announced its merger and acquisition plan: it plans to raise funds by non-public offering of no more than 710 million yuan, mergers and acquisitions The 100% equity of eMobile, a French mobile medical company, and the value of the total equity of eDevice shareholders were evaluated by the income method with a result of 94.867 million euros and a value-added rate of 664.55%.

From the perspective of service division, eDevice's main business is divided into two categories, namely, sales of mobile medical products and provision of medical data transmission and communication services for customers. What is particularly noteworthy is that the company has only 30 employees.

With 700 million yuan to buy 30 mobile medical companies, Jiu'an Medical is inevitably questioned blindly overseas expansion and high-value mergers and acquisitions. At the "reMED 2016 Reconstruction Medical Ecology" Summit Forum, the financial industry website reporter interviewed Jiu'an Medical Director Liu Yi, for the high valuation of the acquisition of eDevice, he said: "I think that the acquisition of a company depends on its future value and industry position, eDevice provides industry-leading end-to-end M2M system solutions. Although currently Look, its hardware products really don't deserve us to spend so much money to buy, but its products and software systems are certified and recognized by large medical companies. These competitive advantages (Aiji, Net Worth, Information) are other mobile health care. The company can't match it, and the performance of eDevice is very good. It is expected that the profit will reach 100 million yuan this year. After the consolidation, it will bring a good improvement to Jiu'an medical performance."

Hongyang, a securities analyst at Dongguan Securities, said that Jiu'an Medical has strong technical strength in the field of communications, which will have certain synergy with eDevice in terms of products and technology. It is for Jiu'an Medical to expand overseas mobile medical market. A good help is based on the current operating conditions of Jiu'an Medical. In addition to the layout of eDevice in the mobile medical industry, it is more hopeful to increase the profitability of listed companies by acquiring well-performing companies.

In recent years, Jiu'an Medical has not been under pressure. In 2014, Jiu'an Medical avoided the fate of ST by selling the equity of Sun Company. In 2015, the net profit attributable to shareholders of listed companies was -151 million yuan, down 1578% year-on-year. Qi Jing, a representative of Jiu'an Medical Securities Affairs, said that the main reason for the loss in 2015 was the large investment in R&D and market development. It is expected that the first half of 2016 will still be a loss situation.

The eDevice financial data released by Jiu'an Medical showed that its operating income in 2014 and 2015 was RMB 6,154.46 million and RMB 135 million respectively; net profit was RMB 21,945,500 and RMB 58.641 million, respectively. Liu Yi said that after the transaction was completed, Jiu'an Medical indirectly controlled eDevice through European companies, but did not interfere with the operation of the company. It has the right to operate independently. eDevice will share resources with Ji'an Medical's existing ihealth series products. Collaboration.

Mobile medical closed loop has not yet formed

Regarding the question of the mobile medical transformation causing the company to increase its losses, Liu Yi said: "As a hardware equipment company, in the face of fierce domestic market competition, even if there is a platform for listed companies, no transformation is only a few years later. We believe that mobile medical care is the key to changing the future medical environment and achieving business breakthroughs. Although the company's product transformation in mobile healthcare has the ihealth series, it needs further market development and absorption of mobile medical related talents."

Some analysts told reporters on the financial website that mobile medical has better market performance and development space abroad, but the domestic market lacks foundation. Domestic capital is currently enthusiastic about mobile medical field, but domestic hardware intelligentization and market Low recognition. "Now the hot medical cloud and big data companies are basically burning money, because the entire mobile medical care lacks a closed-loop ecology. If you want to achieve a closed loop, you must access medical services instead of a bunch of data. From the current domestic medical system, Through the emerging Internet medical and mobile medical services, hospitals can provide doctors with better services for patients, thereby improving the rate of doctors' treatment, and then realizing them through medical devices and drugs. However, medical hardware companies want to break through the closed loop of mobile medical ecology. Combined with medical services, there is no urgent need for medical services or consumers."

Piston Pin

it is full range of piston pin for the following type :

Piston Pin,Standard Piston Pin,Piston Pin Material,Engine Piston Pin

ZhouShan HeCheng Machinery Co., LTD. , https://www.hcmarineparts.com