Mei Ri Jing Ji Xin Wen·2025-05-14 09:17Core Viewpoint - Aerospace Science and Technology is divesting its 100% stake in AC Company and a 0.003% stake in TIS Factory for a total of approximately 659 million RMB to focus on its core business areas [2][3] Group 1: Company Overview - Aerospace Science and Technology's main business segments include aerospace applications, automotive electronics, and the Internet of Things, with automotive electronics accounting for 83.07% of total revenue in 2024 [3] - AC Company was a significant player in the automotive electronics sector, generating 3.179 billion RMB in revenue for Aerospace Science and Technology in 2024, which represented 46% of the company's total revenue [3] - The company has faced financial challenges since 2020, with negative net profits for two consecutive years, including a net loss of 54.348 million RMB for AC Company in 2024, a decline of over 200% year-on-year [3][5] Group 2: Strategic Focus - The divestiture is part of the company's strategic plan to concentrate on its core business and improve capital structure and resource utilization [5] - The company aims to enhance its core competitiveness and align with the interests of shareholders through this transaction [5] - Future business priorities include systematic expansion in aerospace applications, comprehensive collaboration in automotive electronics, and deepening the Internet of Things business [5] Group 3: Acquisition by Guanghong Technology - Guanghong Technology, a well-known domestic electronic manufacturing service provider, is acquiring the assets, aiming to expand its automotive electronics business [2][6] - The acquisition will enhance Guanghong Technology's global presence, particularly in Europe, America, and Africa, where AC Company has established a strong customer base [6] - Despite the growth potential in the automotive electronics market, challenges such as soft demand in Europe and potential price wars in the automotive industry may impact the competitive landscape [6]