HuaPengFei Announces Plan to Fully Acquire 100% Equity of JingYi Technology

On May 24, Huapengfei (Stock Code: 300350) issued an announcement stating that the company is planning a major asset restructuring and will continue its trading suspension starting from the market opening on Thursday, May 24, 2018. The announcement revealed that the company intends to acquire 100% equity interest in the target asset, Shanghai Jingyi Technology Co., Ltd., by issuing shares and paying cash.

According to VCBeat, Shenzhen Huapengfei Modern Logistics Co., Ltd. was established in 2000. The company currently has a registered capital of RMB 533.64 million. It is a key logistics enterprise in Shenzhen, a national AAAA-grade logistics enterprise, and a pilot enterprise for drop-and-pull transport in China. The company was successfully listed on the ChiNext Board in August 2012, with the stock code 300350.

From the perspective of the company’s development history and network, its headquarters is located in Shenzhen. It employs over 1,000 staff, operates more than 50 branch offices, maintains warehouse space exceeding 300,000 square meters, owns a fleet of over 300 vehicles, and has a logistics service network covering the entire country.

Currently, the company’s main holdings include the following three subsidiaries, covering logistics supply chain management, the Internet of Things (IoT), product assembly, and other sectors:

◆ Shenzhen Huapengfei Supply Chain Management Co., Ltd.

Shenzhen Huapengfei Supply Chain Management Co., Ltd. is a wholly-owned subsidiary of Shenzhen Huapengfei Modern Logistics Co., Ltd. It was registered and established in Qianhai, Shenzhen in 2013, with a registered capital of RMB 5 million. Its main business includes: general freight transportation; warehousing; domestic trade; international trade; undertaking sea, air, and land international freight forwarding services; supply chain management and related supporting services.

◆ Bohan Weiye (Beijing) Technology Co., Ltd.

Bohan Weiye (Beijing) Technology Co., Ltd. is a leading Internet of Things (IoT) technology enterprise in China, possessing specialized capabilities in "industry terminal R&D and customization, IoT technical solutions, platform operation solutions, and full-process services." The company provides clients across various industries with comprehensive end-to-end terminal operation services, value-added service development, equipment leasing, business process reengineering, and business innovation. It has established significant influence in sectors such as logistics and express delivery, finance and insurance, power and energy, education, and public utilities, fostering strong collaborative relationships with customers, partners, and upstream and downstream entities in the industrial chain.

◆ Shenzhen Tianzheng Hongye Technology Co., Ltd.

Shenzhen Tianzheng Hongye Technology Co., Ltd. is a controlling subsidiary of Shenzhen Huapengfei Modern Logistics Co., Ltd. Established in May 2002 and located in the Guancheng High-Tech Industrial Park, Loucun, Gongming Town, Shenzhen, the company currently employs over 700 people. As a high-tech enterprise integrating research and development, production, and sales, it provides one-stop services ranging from SMT to assembly and from OEM to ODM. The company’s main products include tablet PCs, network media players, and other network peripheral electronic products. Equipped with internationally advanced automated production facilities and professional quality inspection equipment, the company has an annual production capacity of 1 to 1.5 million units. Its products are exported extensively to Europe and the United States, generating an annual output value of nearly RMB 500 million. Key clients include Walmart, Carrefour, Hong Kong Changhong, and Jiuzhou Digital.

The target of Huapengfei’s full acquisition, Jingyi Technology, is a member of the Jingyi Group. The company has received investments from multiple renowned institutions, including SoftBank China Capital (SBCVC), CDH Investments (CDH), and Sensgain Investment.

The company’s business scope covers mobile health, hospital HRP (Hospital Resource Planning), medical IoT, healthcare payments, tiered diagnosis and treatment, nursing education, cloud-based HIS (Hospital Information System), and medical cloud, among other areas. It has comprehensively deployed solutions in medical cloud, digital hospitals, and regional smart healthcare. The company has successfully provided technologies, products, and services to over 3,000 healthcare institutions of various types across China, including more than 700 tertiary hospitals, helping these institutions improve service quality and efficiency while ensuring patient safety.

In 2015, Huapengfei transformed into the smart logistics and healthcare informatization services market by acquiring Bohan Weiye. This full acquisition of Jingyi Technology signifies that Huapengfei is further increasing its investment in the healthcare informatization industry, building upon the foundation laid by Bohan Weiye.

In addition to Kyee Technology, the Kyee Group also owns Feiyi Wang, a medical supply chain enterprise. Leveraging its deep understanding of the healthcare industry, Feiyi Wang has built an “N+1+N” model cloud platform for medical supplies supply chain management through a “Cloud + Terminal” and “In-hospital + Out-of-hospital” approach. It provides integrated services covering procurement, supply, inventory, and usage with efficient cloud-based collaboration and compliant control for hospitals, suppliers, and third-party institutions, thereby promoting refined upgrades and digital transformation in medical supplies management.

By leveraging Hua Pengfei’s advantageous resources in traditional logistics, VCBeat believes that the company is poised to tap into Kyee Group’s industry resources to enter the medical supply chain system and broaden its footprint in the supply chain sector.