Core Viewpoint - Entropy Technology (熵基科技) announced the acquisition of 55% equity in Longzhiyuan Technology (龙之源) for cash, making it a subsidiary, following a previous failed acquisition attempt by Longte Intelligent (朗特智能) [1][4] Group 1: Acquisition Details - The acquisition agreement was signed with Yu Mengchu and Li Weihua, with the total valuation of Longzhiyuan set at no more than 8.5 billion yuan and the purchase price at no more than 4.68 billion yuan [1][4] - Longzhiyuan specializes in smart outdoor audio and video equipment, including tracking cameras and night vision devices, and has been recognized as a national high-tech enterprise [1][4] Group 2: Financial Performance - Longzhiyuan's revenue from 2016 to 2019 showed growth from 15.33 million yuan to 103 million yuan, with net profits fluctuating, including a loss of 1.74 million yuan in the first half of 2020 [1] - Entropy Technology reported a revenue of 1.991 billion yuan in 2024, a year-on-year increase of 1.07%, and a net profit of 183 million yuan, up 3.26% [6] Group 3: Strategic Implications - The acquisition is expected to enhance Entropy Technology's capabilities in smart outdoor and smart home device design and production, thereby improving its brand operation and market reach [2][4] - The integration of production and supply chain resources between Entropy Technology and Longzhiyuan is anticipated to create synergies, enriching product offerings and enhancing profitability [6]
仅仅4个月,熵基科技拟收购的龙之源身价就缩水了