2022年1月20日

Life for the first time approved “excess” holding Wanda information share price rose 42% this year

On November 6, wanda information announcement, said: “recently, the company received notice of China life, the early stage of the China life with wanda information signed the” conditional effect of share subscription agreement “(2 billion yuan China life exclusive private matters involved in wanda information), is by the silver of China insurance regulatory commission approval, agreement terms involved should be made silver China insurance regulatory commission approved particulars have been satisfied.”

After the completion of the increase, China Life’s stake in Wanda Information will rise to 24 per cent, making it the largest shareholder. According to the new regulation on differentiated insurance equity investment issued by CBRC on July 17 this year, insurance enterprises shall not invest more than 10% of the total capital stock of a single listed company, unless otherwise stipulated by CBRC or approved by CBRC. That is to say, with the approval of the increase, the increase in capital has also become the first insurance capital after the new rules by the CBRC approved the “excess” increase in the case.

Why does China Life continue to increase its stake in Wanda Information? Not long ago, the person in charge of China Life Asset Management Center said at the interim results conference that it hoped to further establish a long-term, stable, mutually beneficial and win-win partnership with Wanda Information and carry out cooperation in many fields after the private subscription. Recently, the relevant person in charge of China Life Insurance also expressed the hope of forming two-way enabling, committed to building a new closed loop of the big health industry, and promoting the ecological development of the industry.

National life continued to increase holdings

Marcel’s shares rose

Over the past year, as China Life has continued to increase its stake in Wanda Info, the company’s share price has been rising.

Since December 2018, in the form of bailout money for the first time since joining wanda information, China life insurance (and its concerted action person life of group, etc.) in more than a year of time to increase for many times, wanda information trigger raising three times last year, and last year in November to wanda 18.3279% shareholding information for the first big shareholder.

But Wanda information nearly two years of operating performance is not optimistic. In the first half of this year, Wanda Information’s net profit was -213 million yuan, down 668.57% year on year, and its operating income was 795 million yuan, down 30.49% year on year. Wanda Information said that due to the outbreak of COVID-19 during the reporting period, the company invested a lot of manpower and material resources to assist the national medical and health systems at all levels in fighting the epidemic, which slowed down its main business. Wanda Information reported a net loss of 1.397 billion yuan in 2019.

However, China Life’s increasing holding has provided imagination space for the future development of Wanda Information, and Wanda Information’s share price has been rising all the way. According to “Securities Daily” reporter statistics, since this year to November 6, Wanda information increased by 42%; From December 2018, when China Life became involved in Wanda Info, to November 6 this year, Wanda Info increased by 77%.

China Life’s large increase in Wanda Information value its deep cooperation space. The relevant person in charge of China life after the “securities daily” reporters that the two sides will focus on strategic cooperation in multiple dimensions, namely, strengthening basic technical cooperation, jointly promote health care the service ability of science and technology, promoting free net phone office, public cloud, the layout of the brain and city security, jointly promote commercial insurance professional management service ability, common to carry out the health management and health services.

After increasing its stake in Wanda, China Life also sent a senior management team to participate in the overall operation and management of Wanda Information. At the strategy launch at the beginning of 2020, the senior management team of Wanda Information sent by China Life said that in the long run, China Life will definitely have to increase its stake in Wanda Information. “This is a strategic investment and layout. There is no such thing as’ exit ‘. We must hold it for a long time and make it bigger and stronger.”

In October this year, vice President of China life ZhanZhong, also said the two sides will give full play to their respective resources in the market, professional talents, technology innovation and management experience and other advantages, in the basic technology, digital management, health services, health management, and other fields to carry out in-depth cooperation, can realize two-way fu, mutual benefit and win-win progress, resource sharing and common development.

Contribution within 3 years

4.3 billion yuan of business cooperation

After the intensive increase in Wanda Information, China Life also detailed the business support plan for Wanda Information.

Recently, China Life announced that the company and Wanda Information signed the “Daily Affiliated Transaction Framework Agreement”, the plan in the next three years from the effective date of the framework agreement, to give Wanda Information no more than 4.3 billion yuan in the annual amount of related transactions. China Life said the cooperation with its affiliated party Wanda Information is not only conducive to the development of the company’s various businesses, but also conducive to the integration of resources within the system, and further enhance the brand value and competitiveness of China Life.

To be specific, China Life said that in terms of basic technologies, the two sides will cooperate in technology management system, technology application system, information security system, technical human services and cutting-edge technology research. In terms of digital operation and management, Wanda Information will provide technical support to China Life in risk control, product development, customer service and other aspects. In the field of medical insurance, the two sides will jointly promote the integration of business and technology and improve the service capacity in the field of medical insurance. In terms of customer resource development, both parties will make use of their respective advantages to explore the sharing and development mechanism of customer resources under the premise of meeting regulatory requirements, so as to promote the common development of both parties’ businesses. In terms of health management, the two sides will promote the construction, operation and maintenance, operation and service procurement of the “health management services” platform, and support China Life’s development of health insurance products that combine health management services.

Based on the above cooperation framework, on October 16, Wanda Information released the “Bull Health” APP based on the cooperation between the two parties. Kuang Tao, chairman of Wanda Information, said on the same day that Bull Health was the first unicorn in the core sector created by China Life after it entered Wanda Information and hoped to develop into a real unicorn in the future. “We think it has the space of a 100 billion yuan platform and potentially a trillion yuan industry opportunity, because it’s a big blue ocean.”

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