Recently, Beduo Finance learned that Wanbang Digital Energy Co., Ltd. (hereinafter referred to as "Wanbang Digital") was listed as the "person subject to execution", and the enforcement court was the People's Court of Xundian Hui and Yi Autonomous County, with an enforcement target of 124,900 yuan (124905 yuan), and the case was filed on May 13, 2024, and the corresponding case number was "(2024) Yun 0129 Zhi 1145".
It is worth mentioning that Wanbang Digital is also the parent company of Star Charging, an electric vehicle charging pile brand. Not long ago, some media reported that Star Charging is considering an initial IPO in Hong Kong, planning to raise about US$500 million, and has hired investment banks such as CICC, JPMorgan Chase, CMB International and Guotai Junan to participate in the IPO.
In this regard, Star Charging said that "there is no latest news." Earlier, Star Charging announced in October 2020 that its parent company, Wanbang Digital, planned to make an initial public offering of ordinary shares and go public. Subsequently, Wanbang Digital and Guotai Junan Securities reached an IPO counseling cooperation.
It is understood that Guotai Junan Securities has submitted a number of progress reports on the guidance of Wanbang numbers to the Jiangsu Securities Regulatory Bureau. Among them, Guotai Junan disclosed in the company's third counseling progress report that Wanbang Digital had completed external financing on May 13, 2021.
At the same time, Wanbang Digital elected Wu Xuefei, executive director of Hillhouse Capital, as a director of the company, and Shen Jianfeng, a professor at the Central University of Finance and Economics and dean of the Law School of the China Institute of Labor Relations, as an independent director of the company. Therefore, Wu Xuefei and Shen Jianfeng were added as the company's counselors.
Among them, Shao Danwei is the chairman and general manager of Wanbang Digital, Zheng Junyi is the vice chairman, deputy general manager and secretary of the board of directors of the company, Liu Minggang is the director and deputy general manager, Ding Feng, Shan Junbao, Xie Jijun and Wu Xuefei are all directors, Wang Lei, Gao Haijun, Jiang Jianqing, Gong Xingbo and Zhang Yuming are deputy general managers, and Xie Yun is the chief financial officer.
In May 2021, Star Charging (Wanbang Digital) announced that it had received Series B financing led by Hillhouse, followed by IDG, Beijing Taikang Investment, Yuda Investment, Baolong and Sino-Ocean Real Estate, with a post-investment valuation of 15.5 billion yuan. In September 2020, the company announced that it had received 855 million yuan in Series A financing, led by CICC Capital's funds and Schneider Electric.
Tianyancha App shows that Wanbang Digital was established in October 2014, and its former names include Jiangsu Dehe New Energy Technology Co., Ltd., Jiangsu Wanbang Dehe New Energy Technology Co., Ltd., etc. At present, the registered capital of the company is about 1.472 billion yuan, the legal representative is Shao Danwei, and the shareholders include Wanbang New Energy, CICC, New Hope, Shao Danwei, IDG, etc.
Through the equity, it can be seen that Ding Feng and Shao Danwei are the co-controlling shareholders of Wanbang Digital. Among them, Wanbang New Energy is 50% owned by Ding Feng and Shao Danwei. Relevant reports pointed out that Ding Feng and Shao Danwei are both founders of Star Charging. Among them, Shao Danwei, as the helmsman, holds a slightly higher shareholding in the company than Ding Feng.
Previously, Shao Danwei had said in public, "(Star Charging is) so far, the only charging company that has continued to make profits." Charging network enterprises are emerging industries, in such a big wave, there are a lot of pits, we have stepped on a lot of pits, have paid a lot of tuition, it is difficult to make a profit. ”
In particular, Wanbang New Energy's layout of the electric vehicle charging business does not stop there. It is understood that the company spent 8 million yuan in 2019 to invest in Shenzhen UUGreenPower Co., Ltd. (hereinafter referred to as "UUGreenEnergy"). At present, UUGreenPower is sprinting for listing on the Growth Enterprise Market of the Shenzhen Stock Exchange, and will pass the IPO meeting in August 2023.
In 2020, 2021 and 2022, UUGreenPower's sales to Wanbang Digital (including related party transactions and transactions disclosed by reference to related party transactions) amounted to approximately 107 million yuan, 162 million yuan and 193 million yuan respectively, accounting for 50.90%, 37.59% and 19.54% of its operating income respectively.
Bedo Finance found that Wanbang New Energy held 8.00% of the company's stake when it took a stake in UUGreenPower in 2019. In August 2020, Wanbang New Energy reduced its holdings, of which it transferred 0.74%, 1.39% and 1.39% to He You, Qianhai Tiantong and Weihe Zhiyuan respectively, at prices of 1.5 million yuan, 2.85 million yuan and 2.85 million yuan respectively.