Big Dipper recently announced the announcement on the capital increase and related transactions of its subsidiary Zhendian Technology. The Big Dipper's Zhendian Technology, which focuses on high-precision location cloud services, will receive a total capital increase of 1. 1 billion yuan.
Specifically, the capital increase of 1 100 million yuan includes several components. First of all, Big Dipper increased its capital with its own funds of 72.5 million yuan. Secondly, Zhou Ruxin, the actual controller of Big Dipper, is the main investor, and Hainan Yun Xin Investment Partnership (Limited Partnership) participates in this capital increase with its own funds of 654.38+005 million yuan. Third, the core employees of the group indirectly increased the capital of Zhendian Technology through Tianjin Zhendian Zhihui Management Consulting Center (limited partnership) with their own funds of 2.275 million yuan. Fourthly, in order to attract and retain talents and enhance the sense of mission and responsibility of core employees and enterprises, Zhendian Technology plans to implement the core employee stock ownership plan, and pay 654.38+0.8 million yuan through Tianjin Zhendian Zhixing Management Consulting Center (limited partnership) and Tianjin Zhendian Joint Performance Management Consulting Center (limited partnership).
Zhendian technology can be regarded as an enterprise incubating inside the Big Dipper. Judging from the mode of capital increase, Big Dipper is operating real technology with the mode of starting a business. Disassembly, a brand-new innovative cooperation mechanism, embodies two characteristics. First of all, the company and its core employees enjoy the benefits and bear the responsibility of the "partner" system. Secondly, Zhendian Technology will be an open equity enterprise in the future, and will continuously introduce new strategic investors in terms of capital and resources in combination with development needs. Through the innovative mechanism, on the one hand, it encourages insiders to start businesses together, on the other hand, it also points to attracting first-class overseas talents.
The innovation of talent incentive mechanism is based on the adaptation to the company strategy. According to the plan of Big Dipper, we will build the world's leading global high-precision data service platform.
Previously, the main business of Big Dipper was chip business, including standard precision and high precision. According to the latest deployment, the company will provide chip vendors, integrators and operators with four major products and services: high-precision positioning, auxiliary positioning, cloud core integration and algorithm IP. From the perspective of business model, it will include four markets: consumers (including mobile phones and wearable devices). ), industry (drones, outdoor robots, precision agriculture), digital city (* * * enjoyment, congestion control, natural gas pipeline inspection), intelligent driving.
The background of the core strategy of Big Dipper Cloud lies in the rapid growth of the market space for high-precision location services, which has gradually become a market demand.
Under the optimistic market expectation, many head enterprises at home and abroad have laid out location cloud tracks. Foreign players, including Trimble and Topcn, are already in the process of cloud core integration and transformation, while domestic players include Zhendian Technology and Chihiro Location, among which Chihiro Location is jointly invested by China Weapons * * *(Alibaba * * * *, and its current valuation has exceeded1300 million yuan.
Looking back, as early as 20 15, Big Dipper began the technical layout of single-point precise positioning and laid out high-precision cloud services. In 20 17, the acquisition of RxNetworks, a Canadian company specializing in global aided positioning, was completed. In 2020, Zhendian Technology, a high-precision location cloud service company, was established. In May this year, it released the "Global High-precision Cloud Service Platform" and began to provide high-precision spatial location data services for intelligent applications such as drones, robots, intelligent driving and smart agriculture.
Pan Guoping said that through this capital increase, Zhendian Technology will continue to consolidate and expand its leading position in the field of high-precision GNSS around the satellite navigation business with core advantages, promote the construction of GNSS data cloud services, realize the large-scale application of unmanned aerial vehicles, outdoor robots, intelligent driving and other scenarios, and further realize the company's development strategy of "cloud+core". The company has the ability to provide overall solutions for high-precision GNSS hardware products and data services, which enables the company to have a stronger competitive advantage in these fields and gain greater development space, thus helping the company to reach the domestic first-class and international first-class market position of satellite navigation core business.