DIT Group Limited (0726.HK)

[StockpickerCAPC]

"Industrialization + Digitalization", Zhuyou Intelligent Manufacturing Technology Joins Glodon.

source
https://finance.sina.com.cn/stock/hkstock/ggscyd/2021-08-24/doc-ikqcfncc4751340.shtml

August 24, 2021 18:22 Sina Finance

On August 24, the strategic cooperation conference between Zhuyou Smart Manufacturing Technology and Glodon was held in Hong Kong, Beijing, Shanghai, Zhengzhou and Changsha through online conferences. At the meeting, the two parties announced the relevant details of Glodon's shareholding in Zhuyou Intelligent Manufacturing Technology, shared the future cooperation plan of the two parties, and answered questions from analysts, investors, and the media.

Hu Baosen, the controlling shareholder of Zhuyou Zhizao Technology and Chairman of Jianye Group, Liu Weixing, Chairman and Executive Director of Zhuyou Zhizao Technology, Guo Weiqiang, Executive Director and Chief Executive Officer, Wang Jun, Non-executive Director, Yu Dayou, Chief Financial Officer Official Hu Zhenbang; Chairman Diao Zhizhong, President Yuan Zhenggang, Vice President and General Manager of Investment Management Department Fu Yonghui, Assistant President and General Manager of Innovation Center Zhu Xiaoyu attended the press conference.

Glodon acquires shares in Zhuyou Zhizao Technology and becomes the second largest shareholder.
At the press conference, the two parties introduced the relevant details of the cooperation based on the official disclosure announcements of their respective listed companies.

According to the information, Glodon intends to subscribe for 300 million shares issued by Zhuyou Zhizao Technology through its Hong Kong subsidiary with an investment of 288 million Hong Kong dollars, at a subscription price of 0.96 Hong Kong dollars per share, accounting for 9.67% of the issued share capital of Zhuyou Zhizao Technology after the issuance. After the subscription is completed, Glodon will become the second largest shareholder of Zhuyou Zhizao Technology.

Hu Baosen said that the cooperation between Jianye and Glodon has been around for a long time. As early as 2019, the two sides started cooperation in the construction of enterprise digital platform system and achieved good results. Glodon’s shareholding in Zhuyou Intelligent Manufacturing Technology is a milestone in the cooperation between the two parties from the business level to the strategic level. The two parties will form a new CP in the construction industry of "industrialization + technology", centering on the national "14th Five-Year" digital planning, Macro strategies such as carbon peaking and carbon neutrality, and the transformation and upgrading of the construction industry, aim at the new track of digitalization of prefabricated buildings and start the joint operation of digital business of prefabricated buildings. It is expected that the cooperation between the two parties will bring more valuable and imaginative solutions to the digitalization of China's construction industry, and empower and increase efficiency for the transformation and upgrading of the construction industry and the high-quality development of the real estate industry.

Diao Zhizhong said that if the construction industry wants to get rid of the traditional extensive development model, it needs to be guided by digital technology, with new building industrialization as the core, information technology as the effective support, and the deep integration of industrialization and information technology to create green buildings. The transformation of industrialization and refinement represented by prefabricated buildings, and digital construction is the inevitable direction of the transformation and upgrading of the construction industry. In the era of carbon neutrality and labor shortage in the construction industry, prefabricated buildings, due to their inherent standardization and industrialization characteristics, are the development trend of the industry and are expected to be the first to achieve full digitalization. This time Glodon has joined forces with Jianye Group and Zhuyou Intelligent Manufacturing Technology. It is hoped that through the bond of capital, they will give full play to their respective advantages, and jointly carry out technical co-construction around new design, new construction, and new operation and maintenance in the construction industry. The level of refinement and digitization of the construction industry contributes to the realization of the industrialization, digitization and green development of the construction industry.

New CP in the construction industry-"Industrialization + Digitalization".
Glodon's shareholding in Zhuyou Smart Manufacturing Technology is the first step for the two parties to carry out in-depth strategic cooperation. It is also the first attempt by a construction industry company to form a new CP of "industrialization + digitalization" with a software business enterprise.
As an innovative high-tech enterprise focusing on the entire industrial chain of prefabricated buildings, Zhuyou Zhizao Technology has 44 green building technology parks in 16 provinces and cities across the country. Its business covers PC components, decoration, gardens and other businesses. Its parent company.
Zhuyou Group also has prefabricated building design, construction, smart home and other business links, forming a complete closed loop of the entire smart building industry chain.

Glodon's business covers design, cost, construction, operation and maintenance, supply and procurement, parks, finance, universities, investment and mergers and acquisitions, and other fields, covering tool software, solutions, big data services, mobile apps, cloud computing services, and smart hardware equipment , Industrial financial services and other business forms, has provided nearly 100 professional application products and services for 310,000 corporate customers, participated in the construction of more than 6 million projects, and more than 10 million end users. It is a leading company in the digitalization of the domestic construction industry.

Both parties said that this cooperation is a good attempt for the two parties to collaborate on industry exploration. Glodon has rich software research and development resources and practical experience in the vertical field of the construction industry, and Zhuyou Zhizhi Technology has outstanding performance in the exploration and business application of the entire industrial chain of prefabricated buildings. Through this strong alliance, they will use their respective advantages to explore digital solutions for the prefabricated construction industry, and will provide the industry with more valuable digital products in the future.

Aiming at the new digital track of the construction industry.
At the press conference, representatives of both parties also introduced their respective companies and their next cooperation plans.

In particular, it is worth noting that the focus of the future strategic cooperation between the two parties will be around the digitalization of the construction industry, and "digitalization" is one of the key contents of the national "14th Five-Year Plan".

The National Fourteenth Five-Year Plan pointed out that it is necessary to create new advantages of the digital economy, give full play to the advantages of massive data and rich application scenarios, promote the deep integration of digital technology and the real economy, empower the transformation and upgrading of traditional industries, and give birth to new industries, new business models and new models. Strengthen the new engine of economic development; implement the "cloud and use data to empower intelligence" action to promote data-enabled coordinated transformation of the entire industry chain.

As a pillar industry of the national economy, the construction industry has always had a low degree of overall digitalization. Currently, the prefabricated construction industry vigorously promoted by the country has a huge demand for digital products such as operating system development. According to the national plan of "prefabricated buildings occupy 30% of the newly built building area each year", it is foreseeable that prefabricated buildings will be a trillion-scale market. With the further improvement of the national digital policy, the digital development and application of prefabricated buildings The scene is vast.

When introducing the cooperation plan, the business representatives of the two parties also stated that the next step of the digital cooperation between the two parties will cover the entire industrial chain of prefabricated buildings, explore and realize the data integration and series connection of various business ecology, and work together to create a digital overall solution for the prefabricated building industry.