诸For Chunhui Intelligent Control, this is a very important day! Chunhui Intelligent Control (300943.SZ) will acquire 51% of Shixin Shares (837997.NQ), officially joining the smart city industry layout (see the Shenzhen Stock Exchange announcement on October 18, 2021). After the completion of this acquisition, Chunhui Intelligent Control will integrate its own urban gas pressure regulating & metering cabinet (station) business, with the vision of becoming an “Expert in Intelligent Control & Valves”, deploying integrated services that provide urban natural gas safety pressure regulating and metering skid-mounted equipment, digital software computing technology, and fast intelligent monitoring and maintenance, dedicated to future-oriented smart city gas overall solutions.
After the acquisition is completed, we will welcome new colleagues from Shixin Software to join the Chunhui Intelligent Control family and are committed to creating the leader of China's smart city gas software! By integrating the knowledge and experience of both parties, our customers will be able to obtain unparalleled one-stop overall solution services and expertise. In the future, we will continue to invest heavily to consolidate our technological leadership and continuously launch new solutions to help customers improve safety operation and management efficiency, and strive to meet future needs through data analysis and early prediction!
For more than 20 years, Chunhui Intelligent Control (300943.SZ) has been providing high-quality pressure regulating and metering system skid-mounted solutions for the natural gas transmission and distribution pipeline industry, actively participating in the construction of gas operation projects in major cities across China. Using data and software to enhance the safety and reliability of gas networks, serving gas operators, and striving to become their leader is Chunhui Intelligent Control's strategic development goal for the future.
Shixin Shares focuses on digital monitoring and control products for natural gas pressure regulating stations, providing intelligent operation and maintenance solutions for pressure regulating stations and the natural gas transmission and distribution field. The smooth cooperation between the two companies will enable rapid growth in Chunhui Intelligent Control's smart gas business scale and software and service innovation capabilities. Chunhui Intelligent Control will deploy Shixin Shares' smart gas system modules in its mature pressure regulating and metering skid station sales network, and Shixin Shares will work with Chunhui Intelligent Control to serve gas operators and gas customers nationwide.
Chunhui Intelligent Control (300943.SZ) will continuously enhance its digitalization and intelligence in the fields of on-site data acquisition and remote transmission, safe operation and maintenance, and in-depth data analysis and prediction for urban gas engineering. We are pleased to be about to complete this major investment in Chunhui Intelligent Control's core business, so that we can perfectly utilize IoT and digital acquisition and remote transmission technology to better serve customers and partners from a holistic and systematic perspective. The strong businesses of the two companies are a perfect combination with a common solid foundation and innovative genes, and their integration will create countless new opportunities for China's smart city business strategy!
Thank you!
October 20, 2021