China Potevio merges into China Electric Technology Co., Ltd.: The market value of its subsidiaries is nearly 700 billion yuan

The State-owned Assets Supervision and Administration Commission of the State Council issued a message on June 23 that, after being approved by the State Council, China Putian Information Industry Group Co., Ltd. (hereinafter referred to as "China Putian") was merged into China Electronics Technology Group Co., Ltd. (hereinafter referred to as "China Electronics Technology") as a whole. Its wholly-owned subsidiaries. China Potevio will no longer directly supervise enterprises like the SASAC.

According to China Putian's official website, the company's business covers information communication and network security, smart equipment and terminals, smart applications, innovation and entrepreneurship park services, new energy vehicle charging services, and other fields. As a national innovative high-tech backbone enterprise, China Potevio has 5 listed companies with approximately 20,000 employees. The group has established R&D and industrial bases in the Beijing-Tianjin-Hebei Economic Circle, the Yangtze River Delta, the Pearl River Delta, the central and western regions, and abroad, and its products and services cover more than 100 countries and regions around the world.

At present, China Putian owns four listed companies, Eastern Communications (Eastcom B shares), Nanjing Putian (Ningbo Communications B), Chengdu Putian Cable (Chengdu Cable), and Eastcom Peace. According to data, as of June 23, the latest market capitalization of the four listed companies was 13.8 billion yuan, 522 million yuan, 392 million Hong Kong dollars, and 5.54 billion yuan respectively.

And the other China Electronics Technology is the main force of my country's military electronics industry, the national network information team, and the national strategic science and technology force. China Electronics Technology has a relatively complete scientific and technological innovation system in the field of electronic information and occupies a technological leading position in the fields of military electronics and network information. It shoulders the important responsibilities of supporting scientific and technological self-reliance, promoting national defense modernization, accelerating the development of the digital economy, and serving society and people's livelihood. At present, China Electric Power has more than 500 enterprises and institutions including 47 national-level research institutes and 11 listed companies; it has more than 200,000 employees, including 110,000 scientific researchers; it has 35 national-level key experiments Laboratories, research centers, and innovation centers.

It is worth noting that there are 11 listed companies under China Electronics Technology, including Guorui Technology, Hikvision, Sichuang Electronics, Phoenix Optics, Jesse Technology, East China Computer, Weishitong, Tiana Electronics, Taiji Shares, China Porcelain Electronics, Electric Power Shares. Data show that as of June 23, the latest market value of these listed companies totaled 66.193 billion yuan. Among them, the market value of Hikvision is as high as 559.7 billion yuan.

In this way, the total market value of the "Putian" listed companies and the listed companies of China Electronics Technology Group Co., Ltd. is as high as nearly 700 billion yuan.