蓝思科技（300433）拟收购液冷和服务器机柜公司裴美高国际(PMG International Co.,LTD.)100%股权， 开拓AI算力基础设施新赛道。 12月10日晚间，蓝思科技公告称，公司于2025年12月10日与吕松寿(LEU,SONG-SHOW)签订股权收购意 向协议，拟以现金及其他合法方式购买其拥有的裴美高国际100%股权。 蓝思科技表示，此次收购将与公司较强的精密结构件制造及"材料—模组—整机"垂直整合能力形成强力 互补和高度协同，大幅增强在AI算力硬件方案的核心竞争力，为蓝思科技开拓AI算力基础设施新赛 道、加速向全球AI硬件创新平台转型增添强劲动力。 作为智能设备制造的明星企业，蓝思科技今年频频接受机构投资者调研。在9月的一场投资者调研上， 蓝思科技就表示，当前算力是AI发展的基础，公司正全力拥抱AI领域。 在11月最新投资者调研活动上，蓝思科技高管也表示，在AI算力基础设施领域，蓝思科技从AI服务器 机箱结构件起步，逐步拓展至液冷模组、固态硬盘等关键模组。目前，机箱结构件已实现批量出货，固 态硬盘组装预计将于2026年实现规模化量产。 "蓝思科技已提前布局AI端侧硬件，将三十年来在消 ...

Core Viewpoint - The company is strategically positioning itself in the AI hardware sector by acquiring Yuans Technology Co., Ltd., which will enhance its capabilities in AI server solutions and liquid cooling systems, marking a significant step towards becoming a global AI hardware innovation platform [1][6][10]. Group 1: Acquisition Details - The company signed a share acquisition intention agreement to indirectly acquire 95.11645% of Yuans Technology Co., Ltd. through PMG International Co., Ltd. [6][9]. - The specific transaction amount and terms will be determined after due diligence and negotiations [7]. - The acquisition aims to leverage existing technologies and customer certifications in the server cabinet business, enhancing the company's competitive edge in AI computing hardware [9][12]. Group 2: Strategic Focus on AI Hardware - The company views AI servers as a critical strategic area to meet the growing demand for computing power, with plans to expand into liquid cooling modules and SSD assembly [1][10]. - The chairman emphasized that the hardware industry is undergoing a significant transformation, predicting 2026 as the "AI edge year" [11]. - The company has been actively recruiting key technical positions to support its focus on AI server and cooling technologies, aiming for mass production of structural components by the second half of this year [12][14]. Group 3: Broader Industry Trends - The company is capitalizing on the emerging opportunities in AI edge hardware, including AI smartphones, smart glasses, and intelligent vehicles [1][12]. - A new manufacturing facility has been established to support the production of AI hardware, including intelligent robots, with a significant annual output capacity [14]. - The company has set a three-year plan to increase R&D investment and focus on core areas such as consumer electronics and intelligent vehicles, aiming to become a leader in AI edge hardware manufacturing [14].

Core Viewpoint - Lens Technology is actively pursuing acquisitions to strengthen its position in the AI server and AI computing infrastructure market, marking a strategic shift towards becoming a global AI hardware innovation platform [2][6][9] Group 1: Acquisition Details - On December 10, Lens Technology signed a share acquisition intention agreement to indirectly acquire 95.11645% of Yuans Technology Co., Ltd. through PMG International Co., Ltd. [6][8] - The specific transaction amount and plan will be determined through further negotiations based on due diligence and audit results [6][8] Group 2: Strategic Expansion in AI Hardware - Lens Technology aims to capture the AI server market, having already achieved mass production of server chassis components and is expanding into liquid cooling modules and SSD assembly [2][10] - The acquisition is expected to enhance the company's core competitiveness in AI computing hardware solutions by integrating advanced liquid cooling systems and established customer certifications [8][10] Group 3: Market Outlook and Future Plans - The company anticipates a significant hardware revolution as AI transitions from cloud to edge devices, predicting 2026 to be a pivotal year for AI edge hardware [9][10] - Lens Technology is committed to increasing R&D investment and focusing on edge hardware, multi-modal integration technology, and new material processes, aiming to become a global leader in AI edge hardware manufacturing [12]

Core Viewpoint - The acquisition of PMG International Co., LTD. by Lens Technology marks a significant step in the company's strategic entry into the AI hardware sector, enhancing its capabilities in server cabinet business and advanced liquid cooling systems [1][2] Group 1: Acquisition Details - Lens Technology signed a share acquisition intention agreement to purchase 100% equity of PMG International Co., LTD. and subsequently acquire 95.11645% equity of Yuans Technology Co., Ltd. [1] - The acquisition will enable Lens Technology to quickly gain access to mature technologies and customer certifications in the server cabinet business, including components like racks, slides, trays, and busbars [1] Group 2: Strategic Implications - This acquisition is seen as a key move for Lens Technology to embrace the AI era, completing its initial layout in the AI hardware sector [2] - The integration of PMG's deep technical expertise in server cabinets and liquid cooling with Lens Technology's over 30 years of experience in "materials-modules-complete machines" vertical integration will enhance its competitive edge in global AI infrastructure [2] - The company aims to deepen collaboration with top global clients and accelerate market share growth in AI server cabinets and efficient liquid cooling systems, laying a solid foundation for becoming a leader in AI hardware [2]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 亿巨头，筹划重要收购！入局AI算力 12月10日晚，"果链"龙头蓝思科技公告称，公司拟以现金及其他合法方式购买吕松寿LEU、SONG- SHOW拥有的PMG International Co．，LTD．（简称"裴美高国际"）100%股权。本项交易不构成关联交 易，未构成重大资产重组。 Wind数据显示，12月10日，公司股价收盘报28.9元/股，总市值为1510亿元。 图片来源：Wind 拟收购裴美高国际100%股权 公告显示，公司于12月10日与吕松寿LEU、SONG-SHOW签订股权收购意向协议，拟以现金及其他合法 方式购买其拥有的裴美高国际100%股权。具体交易金额、交易方案等将由相关各方根据尽职调查、审 计及评估结果等进一步协商谈判，并由交易双方在正式收购协议中确定。 图片来源：公司公告 公司表示，通过收购，公司将快速获得国内外特定客户服务器机柜业务（包括但不限于机架、滑轨、托 盘、Busbar、其他组件）的成熟技术与客户认证，以及先进液冷散热系统集成能力，与公司强大的精密 结构件制造及"材料-模组-整机"垂直整合能力形成强力互 ...

Group 1 - The company, Lens Technology, announced on December 10 that it plans to acquire 100% equity of PMG International Co., LTD from shareholders LEU and SONG-SHOW through cash and other legal means. This transaction does not constitute a related party transaction or a major asset restructuring [1][3] - As of December 10, the company's stock closed at 28.9 yuan per share, with a total market capitalization of 151 billion yuan [2] - The acquisition aims to enhance the company's core competitiveness in AI computing hardware solutions by gaining access to mature technologies and customer certifications in specific server cabinet businesses, as well as advanced liquid cooling integration capabilities [7] Group 2 - For the first three quarters of 2025, the company reported revenue of approximately 53.663 billion yuan, representing a year-on-year increase of 16.08%, and a net profit attributable to shareholders of approximately 2.843 billion yuan, reflecting a year-on-year growth of 19.91% [8][9]

本报记者 何文英 在AI驱动的硬件革命浪潮中，蓝思科技正坚定从全球智能终端精密制造龙头，向全球AI硬件创新平台全面转型。当前蓝思 科技已成为国内外核心AI端侧硬件供应链的重要一环，在AI手机、AI眼镜、可穿戴、具身智能及智能汽车等前沿领域深度布 局。 福州公孙策公关咨询有限公司合伙人詹军豪在接受《证券日报》记者采访时表示："此次收购标志着蓝思科技初步完成了 AI硬件赛道的全面布局，不仅可以快速获得极其稀缺的客户认证与核心技术，还将标的公司在服务器机柜与液冷散热领域的深 厚技术积累，与蓝思科技在'材料—模组—整机'领域的垂直整合能力强力结合。这种深度融合，将使蓝思科技能提供从核心部 件到散热系统的更完整AI硬件解决方案，大幅增强在全球AI算力基础设施建设中的核心竞争力。" （编辑 才山丹） 12月10日晚间，蓝思科技股份有限公司（以下简称"蓝思科技"）公告称，该公司拟战略收购PMG International Co.，LTD. （以下简称"裴美高国际有限公司"）100%股权，进而获得元拾科技（浙江）有限公司（以下简称"元拾科技"）95.11645%股 权，具体交易金额及收购方式将由交易双方在正式收购协议中确定。 ...

Core Viewpoint - The company, Lens Technology (300433.SZ), has signed a share acquisition intention agreement to purchase 100% equity of PMG International Co., LTD. from Leu Song-Show, enhancing its capabilities in AI computing hardware solutions [1] Group 1: Acquisition Details - The acquisition is set to take place on December 10, 2025, in Hong Kong [1] - The purchase will be made through cash and other legal means [1] Group 2: Strategic Benefits - The acquisition will allow the company to quickly gain access to mature technologies and customer certifications in the server cabinet business, including racks, slides, trays, busbars, and other components [1] - It will enhance the company's advanced liquid cooling system integration capabilities [1] - The combination of these new assets with the company's strong precision component manufacturing and vertical integration capabilities will significantly boost its core competitiveness in AI computing hardware solutions [1] Group 3: Market Positioning - This move is aimed at opening new avenues in AI computing infrastructure and accelerating the company's transformation into a global AI hardware innovation platform [1]

Group 1 - The core point of the article is that Lens Technology plans to acquire 100% equity of PMG International Co., Ltd. to expand into the AI computing infrastructure sector [2][3] - The acquisition aims to enhance Lens Technology's capabilities in server cabinet business and advanced liquid cooling systems, which are crucial for AI hardware solutions [3][4] - The company has been actively engaging with institutional investors and has identified AI computing power as a key area for growth, emphasizing its commitment to the AI sector [3][4] Group 2 - In the first three quarters of 2025, Lens Technology achieved a revenue of 53.663 billion yuan, a year-on-year increase of 16.08%, and a net profit attributable to shareholders of 2.843 billion yuan, up 19.91% [5] - In the third quarter alone, the company reported a revenue of 20.702 billion yuan, reflecting a year-on-year growth of 19.25%, and a net profit of 1.7 billion yuan, which is a 12.62% increase compared to the previous year [5]

Core Viewpoint - The company, Lens Technology (06613.HK), has signed a share acquisition intention agreement with Leu Song-Show to purchase 100% equity of PMG International Co., Ltd., which holds 95.1164% equity of Yuan Shi Technology (Zhejiang) Co., Ltd. This acquisition aims to enhance the company's capabilities in the AI hardware sector and accelerate its transformation into a global AI hardware innovation platform [1]. Group 1 - The acquisition involves a cash and other legal means to purchase PMG International, a company registered in Samoa [1]. - PMG International's main business includes the production and sales of server cabinets and their structural components, as well as server liquid cooling modules [1]. - The board believes that this transaction will allow the company to quickly gain mature technology and customer certifications in the server cabinet business, enhancing its core competitiveness in AI computing hardware solutions [1]. Group 2 - The integration of advanced liquid cooling system capabilities with the company's strong precision component manufacturing will create significant synergies [1]. - This move is expected to provide strong momentum for the company to explore new avenues in AI computing infrastructure [1]. - The acquisition aligns with the company's strategy to vertically integrate materials, modules, and complete machines, thereby strengthening its market position [1].