Yuyue Medical leads the investment boom: taking the lead in building a health care platform

The medical health industry, which is a common concern of the industry, has been blowing in the hot air of southern Jiangsu. The Shengyu Medical Angel Fund (Suzhou), jointly established by Yuyue Medical Association and Shengyu Investment and Suzhou Industrial Park Guiding Fund Management Center, was officially unveiled. Three months ago, the second phase of Yuyue Medical’s major shareholder’s production base in the Suzhou Industrial Park with a total investment of 640 million has also officially started. Obviously, eye-catching fund holders and dream entrepreneurs are working together to build a large platform for the development of the medical health equipment industry, supported by the policy-oriented government departments of the industrial park.

Wu Guangming, chairman of Jiangsu Yuyue Technology Development Co., Ltd. (hereinafter referred to as "Yueyue Technology"), a major shareholder of two listed companies, said that the company will promote the development of Yuyue Medical from home medical equipment to more specialized medical clinical fields. And the layout of IoT medical, through the transformation of the traditional equipment manufacturers to the "platform brand operators and medical service providers" to build a virtuous circle of large health ecosystem.

Large shareholder long-sleeved and good-looking machine to purchase quality assets

Yuyue Technology is a group company mainly engaged in medical equipment investment. It was formerly known as Jiangsu Yuyue Medical Equipment Co., Ltd. founded in 1984. Today, it owns two listed companies in medical equipment: Yuyue Medical and China Resources Wandong. In recent years, Yuyue Technology has begun to enter the fast lane. In 2015, the Group's sales exceeded 4.5 billion yuan, an increase of more than 30% year-on-year. Its 2016 annual sales target is expected to be nearly 6 billion yuan.

In fact, the last three years have been a critical development year for Yuyue Technology, and it has already reached a level by increasing the intensity of mergers and acquisitions of quality assets in the industry. In 2014, we seized the special opportunity of China Resources Vanguard, the actual controller of China Resources Wandong, to strategically withdraw from the medical device field. Yuyue Technology invested a total of about 1.8 billion yuan to publicly transfer the North China Pharmaceutical Group to its listed company, China Resources. 51.51% equity of Wandong and 100% equity of Shanghai Medical Device Group (hereinafter referred to as “Shangju Group”) were packaged and sold. In June last year, the Shanghai Machinery Group was awarded 700 million yuan after the original price and interest. As the next investment project is clear and the development prospects are clear, Yuyue Medical's non-public issuance of 2.8 billion yuan plan and China Resources Wandong non-public issuance of 880 million yuan plan was successfully passed in the respective shareholders' meeting in 2015, and later they have been awarded the securities supervision. Will be approved.

Wu Guangming said frankly: We followed the development logic of industrial M&A growth and actively took over China Resources Wandong Medical and Shangfa Group, which greatly enriched the product line of Yuyue Technology's medical equipment products, and strengthened and expanded the hospital. Such as the clinical application channels, as well as the brand richness, but also with the help of the Internet + model innovation measures, laid a solid foundation for the next leap-forward development of Yuyue Technology.

It is understood that Yuyue Technology plans to build and construct a plant area of ​​162 mu in Suzhou Industrial Park. The first phase of the project will be completed and put into use in 2014. The second phase of the project will also cover an area of ​​67 mu and the plant construction area will be 77,000 square meters. According to reports, the products manufactured by its Suzhou base cover a wide range of products, including surgical instruments, polymer consumables, high-end medical electronics and digital medical imaging equipment. Only after the base is completed, the annual sales revenue can reach 3 billion. yuan.

China Resources Wandong is a well-known manufacturer of large-scale medical equipment in the country. Later it developed into a professional digital imaging equipment manufacturer. For various reasons, it was difficult for the business performance to improve. After entering the company, Yuyue Technology has established an effective incentive mechanism by rationalizing the system, mobilizing the enthusiasm of all employees, and promoting the company to accelerate its entry into the broader clinical market, forming a dedicated business platform for the imaging field. In 2015, China Resources Wandong's operating performance has improved significantly.

According to the company's annual report, its main products such as nuclear magnetic resonance products increased by about 10% year-on-year. The sales of permanent magnet products entered the top three in China. The sales volume of superconducting products increased by more than 100% year-on-year. During the reporting period, the company realized operating income of 818 million yuan and net profit. 40.3 million yuan, an increase of 10.59% and 56.68% respectively. According to the board of directors of China Resources Wandong, this year, the company will increase investment in speeding up the medical imaging remote diagnosis service business. By setting up a professional team to build a remote imaging platform for imaging, we will continue to build an online diagnostic imaging center in key areas of the country to expand the scope of services and Service group. Obviously, the outside world believes that although China Resources Wandong still retains its original name, its core is gradually undergoing profound changes.

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