Ant holds hands with Shanghai Yunxin, a wholly-owned subsidiary of A-share, to increase capital of Donggang Ruihong

category:Finance
 Ant holds hands with Shanghai Yunxin, a wholly-owned subsidiary of A-share, to increase capital of Donggang Ruihong


Shanghai Yunxin has a bright future. It was founded in 2014 with a registered capital of 1.452 billion yuan. Its business scope includes venture capital, industrial investment, asset management, etc. It is worth noting that Shanghai Yunxin is a wholly-owned subsidiary of ant Technology Group Co., Ltd. (ant group).

Donggang Ruihong was registered and established in Beijing in June 2014, with a registered capital of 20 million yuan. In 2019, the total assets audited were 21.7315 million yuan, and the net assets were 2003.4 million yuan. In 2019, the operating income was 38.6463 million yuan, and the net profit was 8.6897 million yuan.

Based on the 25% shareholding of RMB 100 million, the overall valuation of Donggang Ruihong is RMB 400 million, and the static P / E ratio is close to 50 times. So, why is ant group optimistic about Donggang Ruihong? This is related to the companys business e-ticket business.

The company said that the introduction of new investors in Donggang Ruihongs capital increase and share expansion is conducive to Donggang Ruihongs strategic plan to promote the development of e-ticket. By strengthening the cooperation with ant group in capital and business, it will increase the registered capital and working capital for the development of Donggang Ruihong, which is conducive to improving the product R & D and service level of Donggang Ruihong in the field of e-ticket and blockchain Strengthen Donggang Ruihongs technical strength and expand its market scope.

According to the research report recently issued by Guosheng securities, Donggang Co., Ltd. issued the first electronic invoice in China in 2013, and was shortlisted in the pilot project of electronic invoice electronic reimbursement, entry and filing. It is one of the leaders in the field of electronic invoice, and has cooperated with ant financial services and other companies in blockchain business. Guosheng securities is optimistic about the companys growth potential in e-license and blockchain e-invoice business.