FSPG(SZ:000973) He Xun Wang·2025-04-29 16:36Core Viewpoint - Foshan Fospower Technology Co., Ltd. plans to acquire 100% of Hebei Jinli New Energy Technology Co., Ltd. for a total consideration of 5.08 billion yuan, enhancing its position in the lithium battery separator market [1][2]. Group 1: Acquisition Details - The acquisition price consists of 4.68 billion yuan in shares and 400 million yuan in cash [1]. - The transaction is based on a formal evaluation and is deemed fair compared to industry peers' price-to-earnings and price-to-book ratios [2]. Group 2: Strategic Benefits - The acquisition allows for shared R&D outcomes and technology integration between Foshan Fospower and Jinli [2]. - It enriches Foshan Fospower's product portfolio in the new energy sector, positioning it as a leader in high-performance polymer functional films [2]. - The transaction is expected to enhance Jinli's operational cost optimization and competitiveness through comprehensive support from Foshan Fospower [2]. Group 3: Market Position and Performance - Jinli holds an 18% market share in China's wet lithium battery separator market, ranking second in the industry [1]. - The company has established stable partnerships with leading domestic and international battery manufacturers, showcasing its global competitive capabilities [3]. - The wet separator market is projected to see significant growth, with a 75% year-on-year increase in output volume expected in Q1 2025 [2].