Shensi Electronics participates in joint venture company: enters smart medical care

Announced on July 28, 2016, the company and Wenzhou Xuhui intend to jointly invest in the establishment of “Shenxu Xuhui Medical Information Technology Co., Ltd.” in Jinan City with a registered capital of RMB 50 million. The business scope is: electronic terminal equipment, silver medical self-help R&D, manufacturing, processing, sales, installation and maintenance of equipment, office automation equipment and computer software; transfer of computer technology; import and export of goods, import and export of technology; production and sales of commercial cryptographic products (operating with licenses) Subject to the development, production, sales and leasing of IC card reading and writing equipment, ID card identification intelligent terminals, IC cards and related software, integrated circuits, communication equipment (excluding radio transmission equipment), computer equipment, and system network electronic products. Installation, technology transfer, technical consulting services. The company invested RMB 25.5 million in cash, accounting for 51% of the joint venture company; Wenzhou Xuhui invested 24.5 million yuan in cash and intellectual property, accounting for 49% of the joint venture company.

[Announcement Review]

The funds invested by the foreign investment company are all derived from the company's own funds and will not have a material adverse impact on the company's financial status and operating results.

[Institutional rating in the past two months]

Buy (CIC Securities)

[Technology]

The stock is in a downward channel, the strength of the short side is strong, the stock price has fallen below the 60-day moving average support, the RSI and KDJ indicators are deteriorating, and investors are cautiously investing.

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Puyang Linshi Medical Supplies Co., Ltd. , https://www.linshihealths.com

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