Core Viewpoint - Meili Technology (300611) announced a significant asset acquisition plan on October 24, intending to acquire 100% equity of Hitched Holdings 3 B.V. from Hitched Holdings 2 B.V. through its wholly-owned subsidiary in Germany, Meili Holding GmbH, via cash payment [1] Group 1: Acquisition Details - The transaction will be financed through the company's own funds and self-raised funds [1] - This acquisition is expected to constitute a major asset restructuring but will not be classified as a related party transaction or a restructuring listing [1] Group 2: Business Synergy - Both Meili Technology and the target company operate within the automotive parts industry, indicating a strong complementary relationship between their businesses [1] - The companies share similar downstream customer resources, which can lead to operational synergies in production processes and management [1] - Both companies primarily use steel as their main raw material, further enhancing their complementary position within the supply chain [1] Group 3: Market Reaction - Prior to the announcement of the restructuring plan, Meili Technology's stock price experienced a significant increase [1] - On October 24, the stock opened 1.07% higher and surged over 14% during trading, closing with a 10.77% increase at 35.18 yuan per share, resulting in a total market capitalization of 7.426 billion yuan [1]

Core Viewpoint - Meili Technology plans a significant asset restructuring by acquiring 100% of Hitched Holdings 3B.V. (HH3) through cash payment, which is expected to constitute a major asset reorganization [1][4]. Group 1: Acquisition Details - The acquisition will be conducted via Meili Technology's wholly-owned subsidiary, Meili Holding GmbH, purchasing HH3 from Hitched Holdings 2B.V. [4]. - The transaction aims to indirectly control ACPS Group, a German manufacturer of automotive towing systems, which has established long-term partnerships with major automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla [1][10]. Group 2: Market Opportunities - The acquisition is positioned to capture growth in both domestic and international towing hook markets, driven by the increasing market share of SUVs and the relaxation of domestic towing policies [10]. - Meili Technology aims to leverage ACPS Group's stable customer base to shorten market expansion timelines and reduce associated costs [10]. Group 3: Financial Performance of ACPS Group - ACPS Group has experienced fluctuating financial performance, with projected net profits of -5.21 million euros in 2023, -20.18 million euros in 2024, and a positive 0.74 million euros in the first half of 2025 [13]. - The group's net assets have been negative in recent years, with values of 10.63 million euros in 2023, -10.72 million euros in 2024, and -1.96 million euros in mid-2025 [13][14]. Group 4: Meili Technology's Financials - Meili Technology reported net profits of 40.70 million yuan in 2023, 107 million yuan in 2024, and 80.40 million yuan in the first half of 2025 [14]. - The company's net assets were 1.085 billion yuan at the end of 2023, projected to grow to 1.274 billion yuan by mid-2025 [15][16]. Group 5: Integration Risks - Post-acquisition, Meili Technology may face integration risks due to differences in legal, accounting, and cultural aspects, which could impact the expected performance of the combined business [17].

Core Viewpoint - Meili Technology plans a significant asset restructuring by acquiring 100% of Hitched Holdings 3B.V. (HH3) for cash, which is expected to constitute a major asset restructuring [1][4]. Group 1: Acquisition Details - The acquisition will be conducted through Meili Technology's wholly-owned subsidiary, Meili Holding GmbH, from Hitched Holdings 2B.V. [4]. - The transaction aims to indirectly control ACPS Group, a German manufacturer of automotive towing systems, which has long-term partnerships with major automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla [1][7]. Group 2: Market Opportunities - The acquisition is positioned to capture growth in the domestic and international towing hook market, driven by the increasing market share of SUVs and relaxed domestic towing policies [7]. - Meili Technology aims to leverage ACPS Group's established customer base to shorten market expansion timelines and reduce costs [7]. Group 3: Financial Performance - ACPS Group has experienced fluctuating financial performance, with projected net profits of -5.21 million euros in 2023, -20.18 million euros in 2024, and a positive 0.74 million euros in the first half of 2025 [10]. - The group's net assets have been negative in recent years, with values of 1.06 million euros in 2023, -1.07 million euros in 2024, and -0.20 million euros in mid-2025 [10][11]. Group 4: Stock Performance - Following the announcement of the acquisition plan, Meili Technology's stock price rose by 10.77%, closing at 35.18 yuan per share, with a total market capitalization of 7.426 billion yuan [1]. - Prior to the announcement, the stock had a cumulative increase of over 20% in the 20 trading days leading up to the announcement [8].

Core Viewpoint - Meili Technology plans a significant asset restructuring by acquiring 100% equity of Hitched Holdings 3B.V. for cash, which is expected to constitute a major asset reorganization [2][5]. Group 1: Acquisition Details - The acquisition will allow Meili Technology to indirectly control ACPS Group, a German manufacturer of automotive towing hitches, which has long-term partnerships with major automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla [5][15]. - The transaction is aimed at quickly capturing market growth in the domestic and international towing hitch markets, driven by the increasing share of the global SUV market and the relaxation of domestic towing policies [15][16]. - Meili Technology's stock price surged by 10.77% to 35.18 CNY per share, with a total market capitalization of 7.426 billion CNY on October 24 [5]. Group 2: Financial Performance and Risks - ACPS Group has shown fluctuating financial performance, with projected net profits of -5.211 million euros in 2023, -20.182 million euros in 2024, and a positive 741.98 million euros in the first half of 2025 [19]. - The net assets of ACPS Group have been negative in recent years, with values of 1.0628 million euros in 2023, -1.0719 million euros in 2024, and -195.86 million euros in mid-2025 [19]. - Meili Technology's own financials show a net profit of 40.6977 million CNY in 2023, with projections of 107 million CNY in 2024 and 80.3979 million CNY in the first half of 2025 [21]. Group 3: Integration Challenges - Post-acquisition, Meili Technology faces integration risks due to differences in legal, accounting, tax systems, business models, and regional cultures, which may hinder achieving expected performance outcomes [24].

Core Viewpoint - Meili Technology (300611.SZ) plans to acquire 100% equity of Hitched Holdings 3 B.V. from Hitched Holdings 2B.V. through its wholly-owned subsidiary in Germany, Meili Holding GmbH, in a cash transaction, which is expected to constitute a significant asset restructuring [1][2]. Group 1: Company Overview - ACPS Group, headquartered in Germany, has been engaged in the research, development, production, and sales of high-end trailer hitches for nearly 70 years and is recognized as a leading manufacturer in the global automotive trailer hitch and related systems market [1]. - The company has established long-term partnerships with renowned automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla, with collaborations exceeding 20 years [1]. - ACPS Group holds a leading market share in the trailer hitch market in Europe and North America, particularly dominating the high-end vehicle trailer hitch sector globally [1]. Group 2: Market Dynamics - The global SUV market's increasing share is driving steady growth in trailer hitch demand, while relaxed domestic trailer policies and the rise of self-driving tourism are expected to create new market increments [2]. - The acquisition positions the company to leverage ACPS Group's technological advantages and brand influence, enabling rapid capture of growth in both domestic and international trailer hitch markets [2]. - The company will gain direct access to ACPS Group's stable customer resources, significantly reducing the time and cost associated with expanding into overseas markets, thereby supporting the establishment of a global business framework that includes both mature markets in Europe and North America and emerging markets in China [2].

Group 1 - Company Meili Technology (300611.SZ) plans to acquire 100% equity of Hitched Holdings 3 B.V. from Hitched Holdings 2B.V. through its wholly-owned subsidiary Meili Holding GmbH in Germany, which is expected to constitute a major asset restructuring [1] - ACPS Group, headquartered in Germany, has been engaged in the research, production, and sales of high-end trailer hitches for nearly 70 years and is recognized as a global leader in the automotive towing systems industry, being a "hidden champion" [1] - ACPS Group has established long-term partnerships with renowned automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla, with over 20 years of collaboration [1] Group 2 - The global SUV market's increasing share is driving steady growth in trailer hitch demand, while relaxed domestic trailer policies and the popularity of self-driving tourism are expected to create new market increments [2] - The acquisition allows the company to leverage ACPS Group's technological advantages and brand influence to quickly capture market increments in both domestic and international trailer hitch markets [2] - The company will gain direct access to ACPS Group's stable customer resources, significantly reducing the time and cost of expanding into overseas markets, thereby aiding in the establishment of a global business structure that includes "mature markets in Europe and America + emerging markets in China" [2]

Core Viewpoint - Meili Technology plans to acquire 100% equity of Hitched Holdings 3 B.V. through its wholly-owned subsidiary Meili Holding GmbH, marking a significant asset restructuring in the automotive parts industry [1] Group 1: Acquisition Details - The acquisition will be conducted in cash from Hitched Holdings 2 B.V. [1] - Hitched Holdings 3 B.V. controls the main operational entities of the ACPS Group, which has been involved in high-end trailer hitch research, production, and sales for nearly 70 years [1] - ACPS Group is recognized as a leading manufacturer of automotive trailer hitches and related systems globally, holding a dominant position in the high-end vehicle trailer hitch market [1] Group 2: Market Position and Relationships - ACPS Group has established long-term partnerships with major automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla, with collaborations exceeding 20 years [1] - The company leads the trailer hitch market in Europe and North America, particularly excelling in the high-end vehicle segment [1] Group 3: Strategic Fit - Both the listed company and the target company belong to the automotive parts industry, indicating a strong complementary relationship in their business operations [1] - The downstream customer resources of both companies are aligned, allowing for potential synergies in production processes and management [1] - Both companies primarily use steel as their main raw material, suggesting further complementary aspects within the supply chain [1]

Group 1 - The core point of the article is that Meili Technology (SZ 300611) announced a significant asset acquisition plan during its board meeting held on October 23, 2025, which is expected to impact its business strategy moving forward [1] - For the fiscal year 2024, Meili Technology's revenue composition is heavily weighted towards the automotive parts industry, accounting for 89.19% of total revenue, while other products and income make up 10.81% [1] - As of the report, Meili Technology has a market capitalization of 7.4 billion yuan [1] Group 2 - A notable event mentioned is a high-profile acquisition where a well-known brand spent 170 million yuan to purchase 2,000 shares of a target company with a registered capital of only 10,000 Hong Kong dollars, raising questions about the necessity of such a purchase [1]

证券代码：300611 证券简称：美力科技 公告编号：2025-055 浙江美力科技股份有限公司 关于本次交易相关主体不存在《上市公司监管指引第7号— —上市公司重大资产重组相关股票异常交易监管》第十二条 及《深圳证券交易所上市公司自律监管指引第8号——重大 资产重组》第三十条规定情形的说明 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江美力科技股份有限公司（以下简称"上市公司"或"公司"）拟通过全 资孙公司 Meili Holding GmbH 以现金方式收购 Hitched Holdings 2 B.V.持有的 Hitched Holdings 3 B.V. 100%股权（以下简称"本次交易"）。本次交易预计构 成上市公司重大资产重组。 本次交易的相关主体不存在因涉嫌与本次交易相关的内幕交易被立案调查 或者立案侦查的情形，最近 36 个月内不存在因与重大资产重组相关的内幕交易 被中国证券监督管理委员会作出行政处罚或者被司法机关依法追究刑事责任的 情形。 因此，本次交易相关主体不存在《上市公司监管指引第 7 号——上市公司重 大资产重组相关股票异常交易 ...

一、审议通过《关于本次交易符合相关法律法规的议案》 公司拟通过全资孙公司 Meili Holding GmbH 以现金方式收购 Hitched Holdings 2 B.V.持有的 Hitched Holdings 3 B.V. 100%股权（以下简称"本次交易"）。 证券代码：300611 证券简称：美力科技 公告编号：2025-049 浙江美力科技股份有限公司 第五届监事会第十七次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江美力科技股份有限公司（以下简称"公司"）第五届监事会第十七次会 议，由公司监事会主席吴高军先生召集和主持，会议通知于 2025 年 10 月 17 日， 以通讯方式送达各监事，并于 2025 年 10 月 23 日在公司会议室以现场会议的形 式召开。本次监事会议应到监事 3 名，实到监事 3 名，公司董事会秘书列席了会 议，会议的召开符合《公司法》等有关法律、行政法规、部门规章、规范性文件 及《公司章程》的规定。 与会监事经过充分讨论，形成决议如下： 经审议，监事会认为本次交易符合相关法律法规的规定。 表决结果：同 ...