徐工机械拟8.21亿元关联收购重型车辆51%股权 标的评估增值率达374.48%

Core Viewpoint - XCMG Machinery plans to acquire 51% equity of Xuzhou XCMG Heavy Vehicles Co., Ltd. for 821 million yuan, which will enhance its control over the heavy vehicle segment and integrate it into its consolidated financial statements [1][2]. Group 1: Acquisition Details - The acquisition involves Xuzhou XCMG Heavy Vehicles, which was established in December 2020 with a registered capital of 45 million yuan, focusing on various machinery and automotive sectors [2][3]. - The market value of the entire equity of Xuzhou XCMG Heavy Vehicles is assessed at 1.611 billion yuan, representing a 374.48% increase over its book net asset value of 339 million yuan [3][4]. Group 2: Financial Performance and Commitments - For 2024, Xuzhou XCMG Heavy Vehicles is projected to generate revenue of 2.288 billion yuan and a net profit of 129 million yuan, with total assets of 3.113 billion yuan and a net asset of 446 million yuan as of March 31 [3][4]. - XCMG South Automobile has committed to achieving a cumulative net profit of no less than 486 million yuan over three years, with annual targets of 144 million yuan, 161 million yuan, and 181 million yuan for 2025, 2026, and 2027 respectively [4][5]. Group 3: Strategic Importance - The acquisition is part of XCMG Machinery's strategy to enhance its position in the mining machinery sector, aiming to create a comprehensive and competitive product line for open-pit mining equipment [5]. - The integration of Xuzhou XCMG Heavy Vehicles is expected to facilitate resource consolidation and maximize collaborative value, supporting the company's goal to rank among the top three in the global open-pit mining machinery industry [5].