Overview - The company Zhejiang Sanhua Intelligent Control Co., Ltd. plans to merge its wholly-owned subsidiaries, Shaoxing Sanhua Automotive Thermal Management Technology Co., Ltd. and Shaoxing Sanhua New Energy Vehicle Components Co., Ltd., to optimize management structure and improve operational efficiency [1][6]. Company Information Acquiring Company - Name: Shaoxing Sanhua Automotive Thermal Management Technology Co., Ltd. - Registration Capital: RMB 1.35 billion - Established: December 3, 2020 - Business Scope: Manufacturing and sales of automotive parts, industrial automatic control systems, and import/export activities [1][2][3]. Target Company - Name: Shaoxing Sanhua New Energy Vehicle Components Co., Ltd. - Registration Capital: RMB 1.25 billion - Established: February 10, 2017 - Business Scope: Production, wholesale, retail, and technology development of automotive parts, along with import/export activities [4][5]. Financial Data Acquiring Company Financials - Total Assets: RMB 3.38 billion - Total Liabilities: RMB 1.78 billion - Net Assets: RMB 1.60 billion - Revenue: RMB 2.29 billion - Total Profit: RMB 184.38 million - Net Profit: RMB 172.35 million [3][5]. Target Company Financials - Total Assets: RMB 4.01 billion - Total Liabilities: RMB 1.66 billion - Net Assets: RMB 2.35 billion - Revenue: RMB 408.82 million - Total Profit: RMB 45.65 million - Net Profit: RMB 40.89 million [3][5]. Merger Details - The merger will be executed by Shaoxing Thermal Management absorbing Shaoxing New Energy, inheriting all assets, liabilities, and rights [6]. - The merger has been approved by the company's board and does not require shareholder approval as it does not constitute a related party transaction or a major asset restructuring [1][6]. Purpose and Impact - The merger aims to optimize the company's management structure, enhance resource synergy, reduce management costs, and improve operational efficiency while effectively lowering business risks [6]. - The merger is expected to have no significant impact on the company's normal operations and financial status, ensuring the interests of all shareholders, especially minority shareholders, are protected [6].
三花智控: 关于全资孙公司之间吸收合并的公告