The business with Acer may become an important source of performance for Founder Technology. Founder Technology today announced that the company’s 2010 net profit will increase by more than 100% year-on-year if the cooperation with Acer is carried out smoothly.
The announcement disclosed that the company and Acer Shanghai have signed the “Agreement on the Purchase and Sale of IT Systems and Other Assets†and the “Cooperation Agreement on Channel Resourcesâ€. The agreement stipulates that Founder Technology will transfer all intangible assets such as database and software (Founder IT System) for the company's PC products related businesses to Acer Shanghai for 51 million yuan. The company owns the ownership and right to use and can be used for Acer's Shanghai PC products. Business is the principle. In addition, the company and its affiliated holding subsidiaries will also transfer 69% of the channel resource information related to the operation of PC products controlled or acquired by the company to Acer Shanghai.
Founder Technology stated that the two agreements are an important part of the overall cooperation between the company and Acer Corporation in the PC business. After the agreement comes into effect, Acer will pay the company a total of 120 million yuan. Based on the premise of the smooth cooperation between the company and Acer’s PC business, Founder Technology expects 2010 net profit to increase by more than 100% year-on-year.
Today, Founder Technology also disclosed its first-half results. In the first half of the year, the company realized an operating profit of 46,475,500 yuan, a year-on-year decrease of 21.07%; and a net profit of 56.1295 million yuan, a year-on-year decrease of 11.60%.
The announcement disclosed that the company and Acer Shanghai have signed the “Agreement on the Purchase and Sale of IT Systems and Other Assets†and the “Cooperation Agreement on Channel Resourcesâ€. The agreement stipulates that Founder Technology will transfer all intangible assets such as database and software (Founder IT System) for the company's PC products related businesses to Acer Shanghai for 51 million yuan. The company owns the ownership and right to use and can be used for Acer's Shanghai PC products. Business is the principle. In addition, the company and its affiliated holding subsidiaries will also transfer 69% of the channel resource information related to the operation of PC products controlled or acquired by the company to Acer Shanghai.
Founder Technology stated that the two agreements are an important part of the overall cooperation between the company and Acer Corporation in the PC business. After the agreement comes into effect, Acer will pay the company a total of 120 million yuan. Based on the premise of the smooth cooperation between the company and Acer’s PC business, Founder Technology expects 2010 net profit to increase by more than 100% year-on-year.
Today, Founder Technology also disclosed its first-half results. In the first half of the year, the company realized an operating profit of 46,475,500 yuan, a year-on-year decrease of 21.07%; and a net profit of 56.1295 million yuan, a year-on-year decrease of 11.60%.
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