Foreigners enter medical equipment: a subsidiary of a subsidiary is sold

Hongda Hi-Tech, a listed company that has always wanted to be a big medical industry, has not done well.

The reporter noted that a few days ago, HTC Hi-Tech reported in the letter of inquiry from the Shenzhen Stock Exchange for its 2015 annual report that the sale of Shanghai Qianjin Medical Devices Co., Ltd. (hereinafter referred to as Shanghai Sheet Metal) still has not recovered the receivables of 14.04 million yuan. Make a bad debt accrual of 100%.

Foreigners marching into medical equipment

HTC also revealed that its other platform of the medical industry, its subsidiary Shenzhen Weide Medical Electronics Co., Ltd. (hereinafter referred to as Wilder), turned profitable in 2015 and has accrued a goodwill impairment of 14.12 million yuan. .

HTC Hi-Tech is mainly engaged in the warp knitting industry. Since 2010, it has entered the medical device field. It has acquired Shenzhen Weald and Shanghai Sheet Metal, but both have performed poorly. However, on May 31, HTC Hi-Tech related sources told reporters that not only will not give up the strategic layout of Wilder and the entire medical device, but also will consider expanding the expansion in due course.

Wilder's performance continues to decline

HTC Hi-Tech's reply to the Shenzhen Stock Exchange's inquiry letter on May 25 showed that the net profit of HTC's medical subsidiary, Weld, has continued to decline since 2013, and there was a loss in 2015.

Wilder was acquired by HTC Hi-Tech (timely HTC) in 2010 for 359 million yuan, which is the first step for HTC in the field of medical devices. At that time, Wilder was one of the important B-ultrasonic equipment manufacturers in China, focusing on the development, production and sales of handheld, portable and trolley-type B-ultrasounds. The output of its handheld and portable B-ultrasonic instruments is among the best in the domestic market, especially the output of handheld B-ultrasonic instruments.

According to the announcement, before the acquisition by HTC, the net profit of Weld in 2007, 2008 and January-March 2009 was 33.77 million yuan, 20.69 million yuan and 5.29 million yuan respectively. The comprehensive gross profit margin of the products was maintained. Above 50%, it has strong profitability.

For the first move in the medical industry , HTC Hi-Tech still spent a lot of effort. In July 2013, Wilder established a subsidiary, Shanghai Honghang Medical Devices Co., Ltd.; in 2015, Wilder completed the acquisition of its subsidiary Bo Yijin Minority Shareholders; last August, HTC also It indicated that it will continue to increase its investment in Wilder and establish a new R&D center.

However, this series of measures did not make Wilder's performance significantly improved. On the contrary, its net profit continued to decline since 2013. According to the announcement, Wilder's net profit in 2014 was 4.34 million yuan, and in 2015 it became a loss of 12.19 million yuan, down 380.87% from 2014.

HTC High-Tech Securities Representative Ma Qiangqiang told reporters that the decline in Weld's performance in 2013 was mainly due to the overall sluggish medical equipment industry , the hospital's willingness to purchase is not strong, and the new color-supermarket promotion launched by Wilder is less than expected. To.

It is worth noting that Li Hong, a senior executive of HTC, reduced its holdings of the company's stock by more than 2.7 million shares in May 2014, accounting for 1.5% of HTC's total share capital. Li Hong is the founder of Wilder. As the general manager of Wilder, this position has now been held by Hongda Hi-Tech executive Mao Zhilin.

Ma Qiangqiang believes that the layout of HTC Hi-Tech in the medical device industry is generally correct. The company will continue to firmly support the development of Wilder, and in particular, it needs to strengthen its strength from both R&D and sales to accelerate the introduction of talents.

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