Xintian Technology plans to invest 10.8 million to establish a joint venture company to increase the wisdom of agriculture

[China Instrument Network Instrumentation Enterprise] On August 15, Xintian Technology announced that Xintianke plans to establish a joint venture with natural persons Song Jidong, Song Xiangdong, and Song Xiaodong to establish Henan Xintian Smart Technology Co., Ltd. with its own capital of RMB 10.8 million. Technology accounts for 54% of the registered capital of the joint venture company.

(Photos from Xintian Technology, invading)

China is a country with extremely scarce water resources and one of the 13 poor countries in the world. It ranks No. 121 in the world and is expected to reduce its per capita water resources to 1,760 cubic meters by 2030, close to the world’s recognized water resources. Inadequate national minimum standards. The serious shortage of water resources poses a serious threat to the sustained and healthy economic and social development and ecological environment in China. In addition, the area of ​​soil and water loss in China reached 2.95 million square kilometers, accounting for 30.7% of the country's total area. Severe soil erosion has led to land degradation, grassland desertification, and deterioration of the ecological environment, resulting in siltation of rivers and lakes, exacerbating the lower reaches of the rivers. Floods and disasters caused damage to the land and reduced food production.

In many parts of China, the demand for water has exceeded the level to which water resources can be loaded, especially as the urban population has increased rapidly, the ecological environment has deteriorated, the technology for industrial and agricultural use has lagged behind, waste has been serious, water resources have become polluted, and the originally poor water has become more “ Adding to the frost" has become a bottleneck for social and economic development. With the development of computer technology and information technology and the large-scale application of the Internet of Things, the use of advanced scientific and technological means for real-time monitoring and optimal allocation of water resources is the current direction of water resources management.

Accelerate the informatization of water resources management and provide valuable hydrological and hydrological information including water consumption information, rain information, drought information, groundwater level, weather, soil moisture content, etc. to improve the efficiency of the use of water resources in China to achieve water conservation and reasonable water use The purpose of marketization of water rights trading has become an important choice for alleviating the inconsistency of water resources in China and the deterioration of the ecological environment.

In this context, the state has successively promulgated the "Decision on Accelerating the Development of Water Conservancy Reform," "National Agricultural Water Conservation Program (2012-2020)," "Water Pollution Prevention Action Plan," and "Comprehensive Development Plan of Beijing, Tianjin, and Hebei Province." And the "Supporting Policies for the CPC Central Committee on Formulating the 13th Five-Year Plan for National Economic and Social Development" and other industry support policies. The “Decision on Accelerating the Reform and Development of Water Conservancy” clearly stated that: We must promote the construction of water conservancy informatization, fully implement the “Golden Water Project”, speed up the construction of national flood control and drought relief command systems and water resources management information systems, and improve water resources regulation and water conservancy management. The level of information engineering operations. Since 2004, for the 13th consecutive year, the Central Document No. 1 and the Central Water Conservancy Work Conference have made water conservation a major strategy for national development. A series of policies that are conducive to the field of information management in water resources management have been introduced, which has greatly promoted and guided the development of water resources management informatization.

In order to firmly grasp the major opportunities of the new round of scientific and technological revolutions and industrial changes, accelerate the promotion and application of the company's smart agricultural water-saving projects and further expand and expand the business centering on water resources informationization to enhance the company’s overall competitiveness and increase new profit growth. The company and the natural persons Song Jidong, Song Xiangdong, and Song Xiaodong jointly invested in Henan Xintian Smart Technology Co., Ltd. The registered capital of the joint venture company was 20 million yuan, of which Xintian Technology Co., Ltd. subscribed and paid a contribution of 10.8 million yuan, and Song Jidong paid 3.6 million yuan. Yuan Yuan, Song Xiangdong subscribed to pay 3.6 million yuan, Song Xiaodong subscribed to pay 2 million yuan.

As a pioneer and leader in China's smart energy, smart metering and systems industry, Xintian Technology has 17 years of operating experience in the field of urban public utilities informatization, with abundant technical advantages, management advantages, and talent advantages. Foreign investment can speed up the company to occupy a greater market share in water-saving irrigation, smart agriculture, flood prevention and disaster reduction, and optimization of rural ecological environment. This will enable the company to have a more complete water conservancy informatization solution, broaden its profitability model, and promote company performance. Rapid growth.

(Original Title: Xintian Technology: Announcement on Investing in a Joint Venture Company)