Group 1 - The core point of the news is that Junwei Electronics plans to acquire 100% equity of Flat Electronics for 2.6 billion yen to enhance its global manufacturing flexibility and diversify its brand and product offerings [1][2] - The acquisition is expected to strengthen the company's long-term strategic planning and accelerate its overseas business expansion, thereby improving overall competitiveness and profitability [2] - The transaction will not affect the company's independence and is deemed to be in the best interest of all shareholders, particularly minority shareholders [2] Group 2 - The investment will be funded through the company's own funds and self-raised funds, ensuring that normal production and cash flow operations remain unaffected [2] - The supervisory board meeting was held on August 5, 2025, with all three members present, and the resolution for the acquisition was passed unanimously [1][2] - The detailed announcement regarding the acquisition can be found on the Shenzhen Stock Exchange and the Giant Tide Information Network [2]

Group 1 - The company held its 17th board meeting on August 5, 2025, with all 6 attending directors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2]. - The board approved a proposal for the company's wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd., to acquire 100% equity of Flat Electronics Co., Ltd. for 2.6 billion Japanese yen [1][2]. - The transaction does not require shareholder approval and is within the board's authority, with management authorized to handle all related matters [2]. Group 2 - The acquisition is subject to necessary regulatory filings or approvals from domestic and foreign authorities [2]. - The transaction is not classified as a related party transaction or a major asset restructuring as per the relevant regulations [2].

Transaction Overview - The company plans to acquire 100% equity of Flat Electronics Co., Ltd. for 2.6 billion Japanese yen through its wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd. [1] - The board of directors has approved the investment and acquisition proposal, and the management has been authorized to handle all related matters [1]. Counterparty Information - The counterparty is Japan Innovation No. 1 Investment Limited Partnership, with a registered capital of 6.27 billion Japanese yen [2]. - There are no related party relationships between the counterparty and the company or its major shareholders [2]. Target Company Information - The target company, Flat Electronics Co., Ltd., specializes in the manufacturing and sales of resistors and other electronic components [2]. - As of the announcement date, the target company's equity is free from any encumbrances or legal disputes [2]. Financial Data - The target company's total assets as of January to June 2025 are approximately 2,491.34 million yen, with total liabilities of 784.78 million yen and net assets of 1,706.55 million yen [4]. - The target company's revenue for the fiscal year 2024 is projected to be 1,504.15 million yen, with a net profit of 177.17 million yen [4]. Valuation Methodology - The valuation of the target company was conducted using both the income approach and the asset-based approach, resulting in a significant difference in equity value estimates [5]. - The income approach yielded an equity value of 26,133.327 million yen, while the asset-based approach estimated it at 9,281.720 million yen, reflecting a difference rate of 181.56% [5]. Transaction Agreement Details - The agreement stipulates that the seller will transfer 1,592,000 shares of the target company to the buyer on the delivery date [6]. - The buyer is required to pay the transaction price after deducting the deposit, with additional payments if the agreement is executed after September 1, 2025 [6]. Strategic Purpose of the Acquisition - The acquisition aims to enhance the company's strategic development by entering the thin-film resistor market, leveraging the target company's technological expertise [8]. - The transaction is expected to accelerate the company's overseas business expansion and improve its overall competitiveness and profitability [8]. Legal and Regulatory Considerations - The transaction is subject to regulatory approvals and registration procedures, with some uncertainties regarding the approval process [9]. - The agreement is governed by Japanese law, and any disputes will be handled by the Tokyo District Court [8]. Conclusion - The acquisition of Flat Electronics Co., Ltd. is a strategic move for the company to diversify its product offerings and strengthen its global manufacturing capabilities [8].

（文章来源：证券日报） 证券日报网讯 8月5日晚间，钧崴电子发布公告称，公司第一届监事会第十六次会议审议通过《关于全 资子公司对外投资暨收购股权的议案》。 ...

（文章来源：证券日报） 证券日报网讯 8月5日晚间，钧崴电子发布公告称，公司第一届董事会第十七次会议审议通过了《关于 全资子公司对外投资暨收购股权的议案》。 ...

Core Viewpoint - Junwei Electronics (301458.SZ) plans to acquire 100% equity of Flat Electronics Co., Ltd. for 2.6 billion JPY, aiming to enhance its strategic development and global competitiveness [1] Group 1: Acquisition Details - The acquisition will be conducted by Junwei's wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd. (YED) [1] - The target company, Flat Electronics Co., Ltd., is a well-established thin-film resistor manufacturer in Japan with significant technological expertise [1] Group 2: Strategic Implications - This acquisition aligns with the company's long-term strategic planning and is expected to facilitate entry into the thin-film resistor market [1] - The transaction is anticipated to strengthen the company's global manufacturing flexibility and diversify its brand and product offerings [1] Group 3: Business Expansion - Leveraging its existing global sales network, the acquisition is expected to accelerate the company's overseas business expansion and enhance its overall industry positioning [1] - The deal aims to improve the company's comprehensive competitiveness and overall profitability [1]

Core Viewpoint - Junwei Electronics announced the acquisition of 100% equity in Flat Electronics Co., Ltd. for 2.6 billion JPY, aiming to enhance its strategic planning and operational development [1][2]. Group 1: Acquisition Details - The acquisition involves Junwei's wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd. (YED), which signed a share transfer agreement with Japan's Kyocho No. 1 Investment Limited Partnership [1]. - The acquisition does not involve personnel placement or land leasing, and there are no related party transactions or competition issues arising from this transaction [1]. Group 2: Financial Performance of Target Company - Flat Electronics Co., Ltd. was established in 2019, focusing on the manufacturing and sales of resistors and other electronic components, with projected revenues of 1.504 billion JPY and 703 million JPY for 2024 and the first half of 2025, respectively [2]. - The net profits for the same periods are expected to be 177 million JPY and 83.64 million JPY [2]. Group 3: Junwei Electronics' Financial Performance - In 2024, Junwei Electronics achieved a revenue of 659 million CNY, a year-on-year increase of 16.94%, and a net profit of 106 million CNY, up 17.39% [2]. - In Q1 2025, the company reported a revenue of 167 million CNY, an 18.8% increase year-on-year, with a net profit of approximately 34.41 million CNY, reflecting a significant growth of 57.71% [2]. Group 4: Strategic Implications - The acquisition is expected to facilitate Junwei's entry into the thin-film resistor market, enhance global manufacturing flexibility, and diversify its brand and product offerings [3]. - The transaction will leverage Junwei's existing global sales network to accelerate overseas business expansion and improve overall competitiveness and profitability [3]. - The funding for the acquisition will come from the company's own and self-raised funds, ensuring normal operational cash flow is maintained [3].

Core Viewpoint - Junwei Electronics (301458.SZ) announced that its wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd., plans to acquire 100% equity of Flat Electronics Co., Ltd. for 2.6 billion Japanese yen in cash, aiming to enhance global manufacturing flexibility, diversify brand and product offerings, and accelerate overseas business expansion and industrial layout [1] Group 1 - The acquisition is part of the company's long-term strategic planning [1] - The transaction is subject to approval from domestic and foreign regulatory authorities, which poses a risk of not obtaining necessary approvals [1] - Potential risks include exchange rate fluctuations, differences in legal systems, and suboptimal integration effects leading to lower-than-expected benefits [1]

钧崴电子（SZ 301458，收盘价：37.97元）8月5日晚间发布公告称，公司第一届第十七次董事会会议于 2025年8月5日在公司会议室以通讯表决方式召开。会议审议了《关于全资子公司对外投资暨收购股权的 议案》等文件。 （文章来源：每日经济新闻） 2024年1至12月份，钧崴电子的营业收入构成为：电子元器件占比100.0%。 ...

Core Viewpoint - Junwei Electronics (301458) announced the acquisition of 100% equity in Flat Electronics Co., Ltd. for 2.6 billion yen, which will enable the company to quickly enter the thin film resistor market [1] Company Summary - The acquisition is made through Junwei Electronics' wholly-owned subsidiary, Yokohama Electronic Devices Co., Ltd. [1] - Flat Electronics Co., Ltd. is recognized as a local Japanese manufacturer with deep technical expertise in thin film resistors [1] Industry Summary - The acquisition positions Junwei Electronics to leverage the established technology and market presence of Flat Electronics in the thin film resistor sector [1]