NRB CORPORATION(SZ:002708) Guo Ji Jin Rong Bao·2025-05-31 12:27Core Viewpoint - Changzhou Guangyang Bearing Co., Ltd. has decided to terminate its plan to acquire 100% equity of Ningbo Yinqiu Technology Co., Ltd. through share issuance and cash payment, along with related fundraising activities [1] Group 1: Acquisition Details - On May 16, Guangyang signed an investment intention agreement with Yinqiu Technology to acquire its 100% equity [4] - Yinqiu Technology is a leading precision bearing manufacturer in China, capable of producing 900 million sets of bearings annually [4][5] - The company has established long-term partnerships with major players in various sectors, including home appliances and automotive [5] Group 2: Financial Performance - Guangyang has faced losses from 2021 to 2023, with net losses of 81 million, 234 million, and 117 million yuan respectively [7] - In 2024, the company is expected to turn a profit with a net income of 51 million yuan, a year-on-year increase of 143.62%, and revenue of 2.31 billion yuan, up 26.69% year-on-year [8] Group 3: Future Plans - Following the termination of the acquisition, Guangyang will continue to seek merger and acquisition opportunities and focus on technological R&D and manufacturing process improvements [10] - The company aims to enhance product quality and efficiency while consolidating its competitive advantages in its core business [10]