编辑：N 为什么说不卖就不卖了？ 11月底，意大利北部的工厂里，机器依然轰鸣，订单排到了明年夏天，可这里的主人已经换了。 东方精工把Fosber集团，连同它那200多项工业4.0专利，一起打包卖给了美国博枫，价格是63亿人民 币。 这笔账，怎么看都像是亏了，你想想，这可是贡献了公司三分之二营收的印钞机啊。 前言 说实话，看到东方精工把年赚76.4%增长的"现金牛"卖了，第一反应也是：疯了吧？ 可这背后，是一位佛山老板冷酷的算盘，当荷兰动用冷战法案打压中国芯片公司，他看到的不再是利润 表，而是一张巨大的风险表。 为何好资产成了烫手山芋？欧洲的明天会怎样？ 净利润去年还暴涨了76.4%，北美市场一半以上的高端设备都源自这里，说不要就不要了？ 可那位神秘的佛山老板，却表现得异常冷静，甚至可以说是冷酷，在他的算盘上，这笔买卖划得来。 要理解这份冷静，得回到十年前，2014年，东方精工花了7400万欧元，第一次买下了Fosber的部分股 权。 那在当时，可是一桩漂亮的"蛇吞象"，央视都专门报道了，说这是中欧制造业合作的典范。 十年间，东方精工一步步增持，最终实现了100%控股，把这家欧洲细分领域的隐形冠军，真的变成了 ...

Core Viewpoint - Chinese companies are increasingly selling off assets in Europe as a strategic response to rising political risks, exemplified by the recent sale of Fosber Group by Dongfang Precision to an American firm for €774 million, despite the company being highly profitable and a significant revenue contributor [5][12][34]. Group 1: Company Actions - Dongfang Precision sold its Italian subsidiary Fosber Group, a leader in corrugated cardboard production, to the American Brookfield Group for €774 million (approximately 6.3 billion RMB) [12][27]. - The sale occurred at a time when Fosber was generating nearly 70% of Dongfang Precision's revenue and experiencing significant profit growth [10][23]. - The decision to sell was influenced by the political climate in Europe, particularly following the "Anshi Incident" in the Netherlands, which raised concerns about potential government interventions in foreign-owned companies [16][21]. Group 2: Market Context - The sale reflects a broader trend of Chinese companies reassessing their investments in Europe due to increasing political risks and regulatory scrutiny [39][41]. - The transaction allowed Dongfang Precision to realize a significant return on investment, with the asset appreciating over seven times since its acquisition for €74 million a decade ago [29]. - The move is seen as a strategic shift for Dongfang Precision, redirecting funds into critical domestic sectors such as high-end power and robotics, aiming to reduce reliance on European manufacturing [32][34]. Group 3: Industry Implications - The political climate in Europe is causing a retreat of Chinese investments, with companies like Ningbo Huaxiang facing harsher consequences and opting for "tail-cutting" strategies [36][39]. - The exit of Chinese firms could lead to significant disruptions in European supply chains, particularly in the automotive sector, where companies like Volkswagen and BMW rely on Chinese suppliers [41][43]. - The European market may struggle to maintain its manufacturing capabilities without the technological and financial support from Chinese investments, raising concerns about the long-term viability of its industrial base [43][45].

格隆汇12月11日丨东方精工(002611.SZ)在投资者互动平台表示，东方精工以股权投资方式参与了拓元 智慧的融资。 ...

（文章来源：证券日报） 证券日报网讯 12月5日，东方精工在互动平台回答投资者提问时表示，东方精工目前直接持有嘉腾机器 人19.8366%的股权。参股公司嘉腾机器人专注于移动机器人（AGV）本体的研发和制造，是全球领先 的AGV机器人与智能物流仓储系统提供商、中国工业机器人十大品牌商之一，在过去的二十多年发展 历程中，积累了大量的行业Know-How。公司一以贯之的"1+N"的发展战略，在聚焦核心主业的同时， 紧跟国家发展新质生产力的战略方向号召，战略聚焦"人工智能+机器人"领域，打造重点方向的产业链 投资布局。东方精工在"人工智能+机器人"领域已有嘉腾机器人、若愚科技、乐聚机器人三个股权投资 项目，形成"集群化战略投资"局面。公司对"人工智能+机器人"领域的战略投资，旨在打造"战略投资 +产业协作"的模式，推动自身装备制造能力与标的企业领先技术融合，实现在生产制造、场景应用及 市场开拓方面的协同。 ...

作者：光心 2025年11月28日晚，东方精工发布公告称拟以现金交易方式出售所持Fosber集团、Fosber亚洲和Tiruña亚洲三家公司的100%股权。 出品：新浪财经上市公司研究院 值得注意的是，这三家企业是公司瓦楞纸板生产线业务的运营主体，2024年贡献了东方精工近70%的营收。东方精工表示，此次交易是为了进一步深化战略 聚焦，未来公司将大力发展水上动力设备业务，并前瞻性布局新兴产业。 而公司水上动力设备业务目前并未表现出太强的竞争力，营收规模不足头部企业雅马哈的1/20，且毛利率水平远低于公司传统的瓦楞纸包装装备业务，或难 以独当一面。 此外，公司近年积极涉足具身智能领域，考虑此前公司通过跨界收购电池Pack厂，却计提39亿商誉减值后不欢而散的经历，其发展前景还需要审慎看待。 拟出售业务贡献六成营收 水上动力设备业务营利双低 东方精工成立于1996年，并于2011年成功于中小板上市。上市之初，公司业务相对聚焦，99%的营收来自瓦楞纸包装印刷设备。 2014年，公司于战略收购意大利Fosber集团60%股权，并于2017年收购了剩余40%股权，实现全资控股。通过对Fosber的收购，公司的产品生态得以 ...

东方精工（002611.SZ）12月5日在投资者互动平台表示，东方精工目前直接持有嘉腾机器人19.8366%的 股权。参股公司嘉腾机器人专注于移动机器人（AGV）本体的研发和制造，是全球领先的AGV机器人 与智能物流仓储系统提供商、中国工业机器人十大品牌商之一，在过去的二十多年发展历程中，积累了 大量的行业Know-How。公司一以贯之的"1+N"的发展战略，在聚焦核心主业的同时，紧跟国家发展新 质生产力的战略方向号召，战略聚焦"人工智能+机器人"领域，打造重点方向的产业链投资布局。东方 精工在"人工智能+机器人"领域已有嘉腾机器人、若愚科技、乐聚机器人三个股权投资项目，形成"集群 化战略投资"局面。公司对"人工智能+机器人"领域的战略投资，旨在打造"战略投资+产业协作"的模 式，推动自身装备制造能力与标的企业领先技术融合，实现在生产制造、场景应用及市场开拓方面的协 同。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司持有嘉腾机器人近百分之二十的股份，有没有近 一步控股的考虑？ ...

Core Viewpoint - The announcement by Dongfang Precision Engineering to sell its European core assets for €774 million (approximately ¥6.34 billion) has raised eyebrows in the capital market, suggesting a strategic move rather than a mere loss-cutting measure [1][3]. Group 1: Transaction Details - The timing of the transaction is notable, occurring amidst the backdrop of geopolitical tensions affecting foreign investments in Europe, particularly following the asset freeze of Anshi Semiconductor by the Dutch government [3][13]. - The three companies being sold, including Fosber Group, are not loss-making but are significant revenue generators, expected to contribute ¥3.211 billion in revenue in 2024, accounting for 67.2% of Dongfang's total revenue [5][9]. - The asset's value has increased dramatically, from an initial investment of approximately €740 million to a sale price of €774 million, representing a more than tenfold increase in value over ten years [7]. Group 2: Strategic Implications - The decision to sell is seen as a proactive risk management strategy in light of increasing scrutiny and regulatory challenges for foreign investments in Europe, with 81% of Chinese companies in Europe reporting heightened uncertainty in the business environment [17][19]. - The choice of buyer, Brookfield Asset Management, a Canadian firm managing over $1 trillion in assets, is viewed positively as it is less likely to disrupt existing operations, focusing instead on stable returns [21]. - The cash from the sale will be redirected towards domestic ventures in new production sectors, specifically in marine power equipment and humanoid robotics, which align with current policy trends [23][25]. Group 3: Market Reaction and Future Outlook - The market has responded favorably, with Dongfang's stock price increasing by 90.71% year-to-date, reflecting investor confidence in the company's strategic pivot towards domestic opportunities [40]. - The company's net profit rose by 54.64% in the first three quarters, indicating that investors are optimistic about the potential of the new business directions despite the short-term revenue decline from selling its core assets [40][42]. - The overall strategy highlights the importance of adaptability in a changing global landscape, suggesting that proactive transformation may become a common approach among Chinese enterprises facing uncertainty [42][44].

荷兰不愿看到的局面，终究还是出现了。 在安世半导体事件发生之后，不少国家的财经媒体都将目光关注向了这次事件。 原因很简单，这不仅仅是中国企业与荷兰之间的纠纷，更关乎到了海外企业在欧洲市场的经营预期。 试想一下，一个国家可以以"国家安全"为由，不给企业任何解释的窗口和时间强行夺取对方企业的实际控制权，还会有谁敢与这个国家做生意？ 事件发酵之后，中方已经多次表明立场，荷兰却一直在打马虎眼，迟迟不愿归还中国企业的实际控制权。 面对如此局面，荷兰安世半导体引发的连锁反应，马上就出现了。 近日，东方精工披露重大资产出售预案，宣布以7.74亿欧元现金对价向博枫集团旗下主体出售瓦楞纸板生产线业务，交易标的涵盖意大利Fosber集团等三家 公司100%股权。 7.74亿欧元，67.2%的营收占比，东方精工在欧洲的核心资产一夜之间说卖就卖。 这一刀，砍得欧洲措手不及，也砍醒了所有还在观望的中资企业。当安世半导体的警报声还在回荡，另一场更大规模的撤退已经悄然启动。 而当中国企业集体按下"退出键"，荷兰政府那场精心策划的"国家安全"大戏，最终会收获什么样的结局？ 据了解，东方精工在2014到2019年间，把意大利Fosber集团和 ...

Core Viewpoint - The sale of Fosber Group and its subsidiaries by Dongfang Precision Engineering for €7.74 billion (approximately ¥63.4 billion) highlights the harsh realities of China's manufacturing transformation, as it involves divesting a key asset that contributes 67.2% of its revenue [1][3]. Group 1: Financial Implications - The three companies being sold are projected to contribute €3.211 billion in revenue, accounting for 67.2% of the total revenue for the year [3]. - The investment return rate from these assets has exceeded 700%, indicating their significant profitability [3]. - The proceeds from the sale will be fully invested in Baisheng Power, a leading domestic company in the outboard motor market, which has seen an average annual compound growth rate of over 20% in revenue and net profit over the past five years [3][5]. Group 2: Strategic Decisions - The decision to sell is seen as a strategic move to focus on new growth areas, despite the risks associated with entering a highly competitive market [5]. - The sale reflects a recognition of the limitations of traditional business growth, as the management seeks to pivot towards higher-value sectors such as water propulsion and industrial internet [5][10]. - The company aims to consolidate resources and enhance operational efficiency by focusing on core businesses after the divestiture [10]. Group 3: Market and Competitive Landscape - The Fosber Group holds a dominant position in the global corrugated cardboard production line market, with over 30% market share globally and more than 50% in North America, making it a critical asset [3][7]. - The sale raises concerns about technology transfer and potential impacts on China's manufacturing capabilities, as the technology involved is considered vital [7][8]. - The transaction will face multiple regulatory hurdles, including shareholder approval and antitrust reviews in several countries, particularly in Italy, where Fosber is headquartered [7][8]. Group 4: Industry Transformation - This divestiture is emblematic of the broader transformation within China's manufacturing sector, as companies are compelled to adapt to new production paradigms and higher-value industries [10][11]. - The transition is characterized by a need for courage and strategic foresight, as companies navigate the challenges of shifting from traditional manufacturing to innovative sectors [11]. - The outcome of this strategic gamble will significantly influence the company's future, determining whether it can successfully transition to a leading player in new markets or face setbacks [11].

（文章来源：证券日报） 证券日报网讯 12月3日，东方精工在互动平台回答投资者提问时表示，截至2025年9月30日，公司全体 股东总户数为201571户。 ...