On the evening of July 10, Wanfang Development released a major asset sale and major asset purchase plan. The company plans to sell 90% equity of Suifenhe Shengtai, and acquire 60% equity of Yitong Netease and 100% of the license network for 186 million and 600 million yuan respectively. Equity, the company will no longer operate timber sales business, the main business to increase medical information software development and sales business, Internet medical , smart medical and Internet pharmacy O2O platform operations, the company further transforms into the smart medical field.
The development of Wanfang is mainly engaged in land first-level development business and timber wholesale and retail business. Due to the slowdown of the demolition progress of the first-level development project of Mentougou Land, the company's land-level development business has not realized revenue in the past two years. In 2015, affected by factors such as macroeconomic regulation, slowdown in domestic economic development, and foreign currency exchange losses, the timber wholesale and retail business of Suifenhe Shengtai, a subsidiary of the listed company, also suffered losses. The company began strategic transformation and actively developed “smart medical careâ€. On November 5, 2015, the company signed a Strategic Cooperation Framework Agreement with the Sichuan Provincial Health Planning Commission to leverage its respective advantages in the “Internet + Medical†direction to jointly create an intelligent medical service ecosystem.
The acquisition of Xintong Netease is a high-tech enterprise engaged in the research and development, integration and provision of technical maintenance services for medical information software. It mainly provides medical informationization solutions for hospitals and regional medical and health management institutions. The company's series of products are all based on Java enterprise-level development technology, and the overall technology is in a leading position in China. The company is mainly engaged in the construction and operation of pharmaceutical websites, Internet solutions and supporting operations in the pharmaceutical retail industry, and the construction of Internet drug trading platforms (B2C model). In 2014, Zhixiang Network became the exclusive network partner of Sina Connect. The two parties agreed to cooperate in the fields of information products, disease library product design, advertising communication, and network information dissemination. In 2015, they established a strategic partnership with Baidu Yaozhi. And become Baidu Yao direct ecological service provider.
The net profit of Xintong NetEase in 2016, 2017 and 2018 is RMB 178.3037 million, RMB 23,623,700 and RMB 32,686,300 respectively; the net profit of the company's commitments from June to December 2016 and 2017 to 2021 is RMB 87,119,000 respectively. Yuan, 10,174,500 yuan, 22,589,900 yuan, 4,471,500 yuan, 7,494,700 yuan, and 9,653,600 yuan.
Liu Gelin, the company's director-general, told reporters that after the transaction is completed, the company will reorganize the internal staffing and management structure, combine its own Internet medical related resources with the inherent business of the target company, and vigorously develop the company. At the same time as the network's own business, it will further extend to the field of smart medical and Internet medicine, and integrate online medical information management with offline medical services by integrating resources related to medical institutions, pharmaceutical companies, patients and retail pharmacies. It has become the industry leading Internet health industry holding platform.
Some industry analysts said that Wanfang Development officially transitioned to the medical health business under the Internet+ model in 2015, and signed several agreements in a few months, intending to acquire Sichuan Zhixiang Network, Chengdu Yiwu Network, Beijing Harmony Rehabilitation Hospital. In addition, through multiple layouts, the medical sector layout centered on “hospital-pharmacy-family-rehabilitation†was established, and the medical health layout took shape. The major asset restructuring further divested the timber trade and promised to build a land-level development business for two years. The company's transformation path to smart healthcare and Internet medicine is further clarified.
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