歌尔股份（002241）10月17日晚间公告，公司拟终止以104亿港元（折合人民币约95亿元）收购联丰商 业集团全资子公司米亚精密及昌宏实业100%股权的收购事项。 据公告，歌尔股份在筹划本次股权收购事项期间，积极推进项目，有序开展尽职调查、审计、评估等相 关工作，并与交易对方进行了多轮积极的沟通与协商，但因交易双方未能就交易相关的关键条款达成一 致意见，公司决定终止筹划本次股权收购事项。 原计划巩固精密结构件领域竞争力 简单回溯本次收购案。今年7月，歌尔股份抛出重磅收购案，拟以自有或自筹资金约104亿港元（折合人 民币约95亿元）收购香港联丰全资子公司Mega Precision Technology Limited（米亚精密科技有限公司） 及Channel Well Industrial Limited（昌宏有限公司）100%股权。 歌尔股份在此前披露的公告中提及，为满足公司战略发展需要，增强公司在精密结构件领域内的综合竞 争力，进一步深化公司的垂直整合能力，持续巩固与行业领先客户的合作，推动公司主营业务的长期健 康发展，公司决定实施本次收购。 然而，歌尔股份在最新公告中表示，公司在筹划本次股权收购事项期 ...

歌尔股份（002241）10月17日晚间公告，公司拟终止以104亿港元（折合人民币约95亿元）收购联丰商业 集团全资子公司米亚精密及昌宏实业100%股权的收购事项。 据公告，歌尔股份在筹划本次股权收购事项期间，积极推进项目，有序开展尽职调查、审计、评估等相关 工作，并与交易对方进行了多轮积极的沟通与协商，但因交易双方未能就交易相关的关键条款达成一致意 见，公司决定终止筹划本次股权收购事项。 原计划巩固精密结构件领域竞争力 简单回溯本次收购案。今年7月，歌尔股份抛出重磅收购案，拟以自有或自筹资金约104亿港元（折合人民 币约95亿元）收购香港联丰全资子公司Mega Precision Technology Limited（米亚精密科技有限公司）及 Channel Well Industrial Limited（昌宏有限公司）100%股权。 歌尔股份在此前披露的公告中提及，为满足公司战略发展需要，增强公司在精密结构件领域内的综合竞争 力，进一步深化公司的垂直整合能力，持续巩固与行业领先客户的合作，推动公司主营业务的长期健康发 展，公司决定实施本次收购。 然而，歌尔股份在最新公告中表示，公司在筹划本次股权收购事项期 ...

Core Viewpoint - Goer Group (歌尔股份) announced the termination of its acquisition of Mega Precision Technology Limited and Channel Well Industrial Limited for approximately HKD 10.4 billion (around RMB 9.5 billion) due to the inability to reach consensus on key terms with the transaction counterparties [2][4][5]. Group 1: Acquisition Details - The acquisition was initially aimed at strengthening the company's competitiveness in the precision components sector and enhancing vertical integration capabilities [5]. - During the acquisition planning phase, the company conducted due diligence, audits, and evaluations, and engaged in multiple rounds of discussions with the counterparties [4][5]. - The decision to terminate the acquisition was made after careful consideration and amicable negotiations with the counterparties to protect the rights of the company and its shareholders [4][5]. Group 2: Future Strategies - The company plans to continue pursuing its strategic objectives through internal development and diversified investment and acquisition strategies to promote long-term healthy growth and enhance overall company value [6]. - Goer Group is actively working on enhancing its competitiveness in wafer-level micro-nano optical devices, which supports future developments in AI smart glasses and AR technology [8]. Group 3: IPO and Financial Performance - Goer Microelectronics, a subsidiary of Goer Group, has submitted its second IPO application to the Hong Kong Stock Exchange this year, with several financial institutions acting as joint sponsors [10]. - The financial performance of Goer Microelectronics shows projected revenues of approximately RMB 31.21 million, RMB 30.01 million, RMB 45.36 million, and RMB 11.20 million for the years 2022, 2023, 2024, and the first three months of 2025, respectively [10]. - Goer Microelectronics is positioned as the fifth largest provider of smart sensing interaction solutions globally, with a market share of 2.2% and has shipped over 5 billion sensors [12].

Core Viewpoint - The acquisition of Mia Precision Technology and Changhong Industry by GoerTek for approximately HKD 10.4 billion (RMB 9.5 billion) has been terminated due to the inability to reach an agreement on key terms after multiple discussions [2] Company Summary - GoerTek announced the termination of the acquisition on October 17, which was initially disclosed on July 23, aiming to enhance competitiveness in the precision structural components sector [2] - The stock price of GoerTek briefly rose following the announcement of the acquisition, as the market anticipated improvements in its AI hardware supply chain [2] - Despite the termination of the acquisition, GoerTek's recent performance data shows resilience, with a reported revenue of RMB 37.549 billion and a net profit of RMB 1.417 billion for the first half of the year, reflecting a year-on-year growth of 15.65% [4] - The ongoing rapid development of AI technology is injecting new momentum into the consumer electronics industry, with GoerTek highlighting potential growth in AI smart glasses and AR products [4] - GoerTek has been active in capital operations this year, focusing on strengthening optical core technologies and positioning itself in cutting-edge technologies [4][5] - A recent capital increase involved GoerTek Optical acquiring 100% equity of Shanghai Aolai Micro-Nano Optics and Optoelectronic Information Technology, enhancing its competitiveness in the micro-nano optical field [5] Industry Summary - The consumer electronics industry is expected to evolve towards intelligence and ecosystem integration driven by AI technology, with significant opportunities anticipated in the supply chain by 2026 [6]

Monetary Policy and Economic Measures - The People's Bank of China will continue to implement a moderately loose monetary policy, using various tools to ensure ample liquidity and support consumption and effective investment, while maintaining the stability of the RMB exchange rate [2] - The Ministry of Finance reported that national fiscal revenue for the first three quarters reached 16.39 trillion yuan, a year-on-year increase of 0.5%, with a notable growth of 2.5% in the third quarter [3] - The Ministry of Finance announced measures to consolidate and expand the economic recovery, including allocating 500 billion yuan from local government debt limits to support local governments, an increase of 100 billion yuan from the previous year [3] Trade and Regulatory Developments - The Ministry of Commerce and other departments have adjusted the duty-free shopping policy for Hainan, increasing the number of duty-free product categories from 45 to 47, effective November 1 [4] - The Ministry of Commerce, along with five other departments, issued guidelines to improve the overseas comprehensive service system for enterprises, providing support for international cooperation and competition [4] - The State Administration for Market Regulation and the Ministry of Industry and Information Technology are drafting regulations to strengthen supervision of smart connected and new energy vehicle recalls [10] Corporate Performance and Market Trends - The China Securities Regulatory Commission revised the Corporate Governance Code for listed companies, effective January 1, 2026, to enhance the regulation of directors and senior management [5] - A-share market saw a significant decline, with the Shanghai Composite Index dropping 1.95% to 3839.76 points, and the Shenzhen Component Index falling 3.04% [5] - Zijin Mining reported third-quarter revenue of 86.489 billion yuan, a year-on-year increase of 8.14%, and a net profit of 17.056 billion yuan, up 52.25% [6] Investment and Financing Activities - The number of new margin trading accounts opened in September reached 205,400, a year-to-date high, with a month-on-month increase of 12.24% [6] - The fund managed by Zhao Yi increased holdings in companies such as Enjie and Kuaishou while reducing positions in CATL and Tencent [7] - Coca-Cola is considering an IPO for its bottling business in India, potentially raising $1 billion and valuing the business at approximately $10 billion [23]

10月17日，歌尔股份（002241.SZ，股价31.2元，市值1092.2亿元）公告称，公司原拟以自有或自筹资金约104亿港元（折合人民币约95亿元） 收购Luen Fung CommercialHoldings Limited(联丰商业集团有限公司)全资子公司Mega Precision Technology Limited(米亚精密科技有限公司)及 ChannelWell Industria!Limited(昌宏实业有限公司)100%股权，但由于交易双方未能就交易相关的关键条款达成一致意见，公司决定终止筹划本 次股权收购事项。此次终止是公司与交易对方协商一致的结果，无需承担赔偿及法律责任，不会对公司经营业绩及财务状况产生不利影响。 公司官网显示，歌尔股份成立于2001年，是全球布局的科技创新型企业。2008年在深交所上市，主要从事声学、光学、微电子、精密结构件等 精密零组件，虚拟/增强现实、智能耳机、智能穿戴、智能家居等智能硬件，以及高端装备等产品研发、制造与销售，致力于用科技创造健康、 美好生活。 8月21日晚，歌尔股份发布2025年半年报。2025上半年歌尔持续提升精益运营水平和盈利能力，实现营业收 ...

Core Viewpoint - The company announced the termination of its planned acquisition of two subsidiaries due to the inability to reach an agreement on key terms with the transaction counterparties, emphasizing its commitment to maintaining shareholder interests and pursuing long-term healthy development through internal growth and diversified investments [1][2]. Group 1: Acquisition Details - The company initially planned to acquire 100% equity of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. for approximately HKD 10.4 billion (around RMB 9.5 billion) [1]. - The two target companies, registered in Hong Kong, had a combined unaudited revenue of approximately HKD 9.11 billion for the fiscal year 2024 [2]. - Mia Precision, established in 2007, specializes in investment holding and precision metal parts trading, while Changhong, founded in 2004, focuses on investment holding [2]. Group 2: Strategic Implications - The acquisition was expected to enhance the company's vertical integration capabilities and strengthen its competitive position in the precision structural components sector [2]. - The company highlighted that the target companies possess leading industry competitiveness and deep technical expertise in metal/non-metal material processing and fine surface treatment [2]. - The termination of the acquisition will not adversely affect the company's operational performance or financial condition, nor will it harm the interests of shareholders [1].

Core Points - The company, GoerTek Inc., announced the termination of its planned acquisition of two subsidiaries due to the failure to reach agreement on key terms, involving a proposed investment of approximately HKD 10.4 billion (around RMB 9.5 billion) [1][2] - The decision to terminate the acquisition was made after thorough due diligence and negotiations, ensuring that all parties involved would not incur any compensation or legal liabilities [1][2] Summary by Sections - **Acquisition Details** - GoerTek planned to acquire 100% equity of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. from Lianfeng Commercial Group [1] - The acquisition was aimed at enhancing the company's competitiveness in the precision structural components sector [1] - **Termination Reasons** - The termination was a mutual decision due to the inability to agree on critical terms during negotiations [1] - The company emphasized that the termination would not negatively impact its operational performance or financial status [2] - **Future Plans** - GoerTek will continue to pursue its strategic goals through internal development and diversified investment and acquisition strategies [2] - For the first half of 2025, GoerTek reported revenues of RMB 37.549 billion and a net profit attributable to shareholders of RMB 1.417 billion [2] - As of October 17, the company's stock price was CNY 31.2 per share, with a total market capitalization of CNY 109.217 billion [2]

Core Viewpoint - Goer Group has decided to terminate the planned acquisition of two subsidiaries due to the failure to reach consensus on key terms, which was aimed at enhancing its competitiveness in the precision structural components sector [1][2]. Summary by Sections Acquisition Plan - Goer Group announced plans to acquire 100% equity of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. from Lianfeng Commercial Group for approximately HKD 10.4 billion (around RMB 9.5 billion) [1]. - During the acquisition planning phase, Goer Group conducted due diligence, audits, and evaluations, and engaged in multiple rounds of discussions with the counterpart [1]. Termination of Acquisition - The decision to terminate the acquisition was a mutual agreement between the parties involved, with no party bearing compensation or legal liabilities [1]. - The termination does not require approval from the board of directors or shareholders and will not adversely affect the company's operational performance or financial status [2]. Future Strategy - Goer Group will continue to pursue its strategic goals and manage operations effectively, focusing on organic growth and diversified investment and acquisition strategies to promote long-term healthy development and enhance company value [2]. - In the first half of 2025, Goer Group reported revenue of RMB 37.549 billion and a net profit attributable to shareholders of RMB 1.417 billion [2]. - As of October 17, Goer Group's stock closed at RMB 31.2 per share, with a total market capitalization of RMB 109.217 billion [2].

Core Points - The company, GoerTek Inc., announced the termination of its planned acquisition of 100% equity in Mega Precision Technology Limited and Channel Well Industrial Limited for approximately HKD 10.4 billion (around RMB 9.5 billion) due to a lack of agreement on key terms between the parties involved [2] Summary by Category - **Acquisition Details** - The intended acquisition involved two subsidiaries of Luen Fung Commercial Holdings Limited [2] - The total proposed investment was approximately HKD 10.4 billion, equivalent to about RMB 9.5 billion [2] - **Reason for Termination** - The decision to terminate the acquisition was made because the parties could not reach consensus on critical terms related to the transaction [2]