DKEM(300842) 长江商报·2025-05-26 23:35Core Viewpoint - The company DiKe Co., Ltd. plans to acquire 60% of Zhejiang Suote Material Technology Co., Ltd. for a cash payment of 696 million yuan, aiming to enhance its industry layout and profitability through this acquisition [1][5]. Group 1: Acquisition Details - The acquisition involves a cash payment of 696 million yuan for 60% equity in Zhejiang Suote, which will become a subsidiary of DiKe [1][5]. - The total valuation of 100% equity in Zhejiang Suote is 1.163 billion yuan, representing an 80.30% premium [2][9]. - The performance commitment for Zhejiang Suote is to achieve a net profit of no less than 287 million yuan over the next three years [2][9]. Group 2: Financial Performance - In the first quarter of this year, DiKe reported revenue of over 4 billion yuan, a year-on-year increase of over 10%, but its net profit attributable to shareholders decreased by 80% [3][8]. - Zhejiang Suote is projected to achieve revenues of 1.261 billion yuan in 2023 and 3.553 billion yuan in 2024, with net profits of -12.56 million yuan and 50.91 million yuan respectively, indicating a turnaround in profitability [6][7]. - DiKe's revenue has shown consistent growth from 1.582 billion yuan in 2020 to 15.351 billion yuan in 2024, with significant year-on-year growth rates [8]. Group 3: Strategic Implications - The acquisition is expected to optimize DiKe's business layout and enhance its competitive edge through synergies with Zhejiang Suote's operations, particularly in the Solamet photovoltaic silver paste business [4][6]. - DiKe aims to strengthen its position in the domestic silver paste market, which has historically relied on international giants [7][8].