Group 1 - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, partnering with foreign investor Inari [3][4] - The joint venture will be established in Hong Kong with a total investment of $280 million, where Sanan will hold 74.5% and Inari 25.5% [3] - Post-acquisition, Sanan will indirectly own 74.5% of Lumileds, which will be included in its consolidated financial statements [3] Group 2 - Lumileds specializes in mid-to-high-end LED products for automotive lighting, camera flash, and specialty lighting, possessing a complete production process and diverse product range [3] - The acquisition will enhance Sanan's global supply chain and provide access to Lumileds' established overseas production bases and customer networks [3][4] - Sanan's revenue for the previous year was 16.106 billion yuan, a 14.6% increase year-on-year, while net profit decreased by 31.02% to 253 million yuan [4] Group 3 - The board of Lumileds will consist of three directors, with Sanan appointing two and Inari one, and the chairman will be selected from Sanan's appointees [4] - Lumileds is currently operating at a loss, and its future business may be affected by international conditions, macroeconomic factors, market changes, and industry policy shifts [4] - Sanan's revenue and net profit for Q1 of this year were 4.312 billion yuan and 212 million yuan, reflecting year-on-year growth of 21.22% and 78.46% respectively [4] Group 4 - Sanan Optoelectronics' stock rose by 1.44% to 12.68 yuan per share on August 1 [5]

Core Viewpoint - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million, aiming to enhance its product line in automotive lighting and special application packaging modules [1][6]. Group 1: Acquisition Details - The acquisition will be conducted in partnership with Inari Amertron Berhad, with Sanan contributing 74.5% and Inari 25.5% to a total investment of $280 million to establish a joint venture in Hong Kong [1]. - Post-acquisition, Sanan will indirectly hold 74.5% of Lumileds and include it in its consolidated financial statements [1]. Group 2: Lumileds Company Profile - Lumileds specializes in mid-to-high-end LED products for automotive lighting, camera flashlights, and specialty lighting, possessing a complete production process and diverse product range [1]. - The company claims that one in every two cars in Europe and one in every three cars globally is equipped with its lighting devices [2]. Group 3: Financial Performance - Lumileds reported a revenue of $589 million in 2024 with a net loss of $67 million, and for Q1 of the same year, it achieved a revenue of $141 million with a net loss of $17 million [6]. - Sanan Optoelectronics reported a revenue of 16.106 billion yuan in 2024, a year-on-year increase of 14.61%, but its net profit decreased by 31.02% to 253 million yuan [7].

Core Viewpoint - Sanan Optoelectronics is acquiring 100% equity of Lumileds Subholding B.V. for an enterprise value of $239 million, with a total investment of $280 million to establish a Hong Kong SPV for transaction costs and working capital [1][2]. Group 1: Transaction Details - The acquisition is based on a "zero cash zero debt" valuation of the target company [1]. - Sanan will indirectly hold 74.5% of the target company post-transaction, which will be included in its consolidated financial statements [2]. - The target company specializes in high-end LED products for automotive lighting, camera flashlights, and specialty lighting [1][2]. Group 2: Strategic Benefits - The acquisition will enhance product complementarity and provide access to established overseas production bases in Singapore and Malaysia, improving global supply chain layout [2][4]. - Sanan aims to leverage the target company's mature channels and customer systems to integrate into the international high-end supply chain, expanding its customer base [2][4]. - The deal is expected to enrich Sanan's product line in automotive lighting and special application modules, increasing the proportion of high-end LED products [4]. Group 3: Operational Synergies - Post-acquisition, the companies will optimize resource allocation and improve cost structures, enhancing supply chain bargaining power and management efficiency [5]. - The merger is anticipated to create strong synergies in customer and channel management, providing a competitive edge in international markets [5]. - The target company has established long-term relationships with numerous automotive lighting manufacturers, which can be leveraged for growth [3].

（文章来源：证券日报） 证券日报网讯 8月1日晚间，三安光电发布公告称，公司第十一届董事会第二十次会议审议通过了《公 司关于联合境外投资人收购LumiledsHoldingB.V.100%股权暨对外投资的议案》《公司2024年可持续发 展报告的议案》《关于召开公司2025年第一次临时股东大会的议案》。 ...

证券日报网讯8月1日晚间，三安光电（600703）发布公告称，公司将于2025年8月18日召开2025年第一 次临时股东大会。本次股东大会将审议《公司关于联合境外投资人收购LumiledsHoldingB.V.100%股权 暨对外投资的议案》。 ...

Mergers and Acquisitions - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, in collaboration with foreign investor Inari Amertron Berhad [1] - Wehua New Materials intends to acquire controlling stake in Jiangsu Heyutai Chemical Co., with the specific acquisition ratio to be negotiated [2] - Cixing Co. has decided to terminate the planned acquisition of 75% equity in Shunyi Technology due to disagreements on commercial terms with some counterparties [3] Performance Disclosure - Zangge Mining reported a 38.80% year-on-year increase in net profit attributable to shareholders, reaching 1.8 billion yuan, despite a 4.74% decline in revenue to 1.678 billion yuan for the first half of 2025 [4] - Beijing Culture experienced a net loss of 233 million yuan in the first half of 2025, despite a significant revenue increase of 1944.24% to 158 million yuan [5] - Rongbai Technology reported a net loss of 68.39 million yuan for the first half of 2025, with revenue declining by 9.28% to 6.248 billion yuan [6] Shareholding Changes - Yuxin Technology's controlling shareholder, Yuqin Hongtai, plans to reduce its stake by up to 1.50%, amounting to a maximum of 10.56 million shares [7] - Henghua Technology's shareholder, Chen Xianlong, intends to reduce his stake by up to 1.50%, equating to a maximum of 9 million shares [8] - Kangpeng Technology's shareholders, including Wuxi Yunhui and its concerted parties, plan to collectively reduce their stake by up to 5.89% of the total share capital [9]

Core Viewpoint - Sanan Optoelectronics has successfully achieved mass production of its 400G optical chip products and small batch production of its 800G optical chip products, while its 1.6T optical chip products are still in the research and development phase [1] Company Summary - Sanan Optoelectronics (stock code: 600703) confirmed on August 1 that its 400G optical chip products have entered mass production [1] - The company has also reported that its 800G optical chip products are in small batch production [1] - The 1.6T optical chip products are currently under development [1]

证券代码：600703 证券简称：三安光电 公告编号：临 2025-039 三安光电股份有限公司 关于联合境外投资人收购 Lumileds Holding B.V. 100% 股权暨对外投资的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 三安光电股份有限公司（以下简称"本公司"）拟联合境外投资人 Inari Amertron Berhad（以下简称"Inari"）以现金 2.39 亿美元收购 Lumileds Holding B.V.（以下简称"标的公司"）100%股权（以下简称"标的资产"，该等收购行为 及安排以下简称"本次交易"）。最终收购价款将根据最终交割日财务报表中的数 据和《SHARE PURCHASE AGREEMENT》（以下简称"《股份购买协议》"）的相关 约定确定。 为确保本次交易的顺利实施和标的公司后续日常运营，本公司与 Inari 拟通过各自子公司按照 74.5%、25.5%的出资比例共同出资 2.80 亿美元在香港设 立合资公司（以下简称"香港 SPV"），用于向 Lu ...

A San'an 可持续发展报告 2024 | 三安光电 2024 年度可持续发展报告 关于本报告 本报告在编制过程中，通过识别重要的利益相关方，分析和排列可持续发展相关的重要议题，进行报 告界限的决策，相关材料和资料的收集、汇总、整理、审阅等，最终形成本报告。 报告范围及边界 本报告中的政策、声明及资料等内容，除特别说明，均覆盖三安光电股份有限公司及其子公司的实际业 务范围，披露范围与三安光电股份有限公司发布的年度报告保持一致。 为了便于表述与阅读，本报告中「三安光电」、「三安」「本公司」「公司」、我们」指代三安光电股份 有限公司及其子公司。 除另有说明，本报告以人民币为货币单位。 资料来源及可靠性声明 报告披露的信息和数据来源于公司统计报告和正式文件，并通过相关部门审核。本公司承诺对报告内容 的准确性负责。 报告验证 本报告是三安光电股份有限公司发布的首份年度可持续发展报告，遵循重要性、可量化、平衡性及一 致性的原则，重点披露三安光电股份有限公司及其子公司在环境、社会及公司治理方面的理念、重要 进展、成果及未来计划等，时间跨度为 2024 年 1 月 1 日至 2024 年 12 月 31 日。如有超出此 ...

证券代码：600703 证券简称：三安光电 公告编号：临 2025-040 三安光电股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股东大会召开日期：2025年8月18日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一) 股东大会类型和届次：2025年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 18 日 14 点 30 分 召开地点：厦门市思明区吕岭路 1721-1725 号公司一楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 18 日 至2025 年 8 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大 ...