领益智造推3.32亿收购业务升级 提升核心竞争力五年研发费93.3亿

Core Viewpoint - Linyi Intelligent Manufacturing (领益智造) is acquiring a 66.46% stake in Jiangsu Kedasitern Automotive Technology Co., Ltd. for 332 million yuan, marking a strategic shift from Tier 2 to Tier 1 in the automotive supply chain, enhancing its presence in the automotive interior and exterior parts market [2][3][5] Group 1: Acquisition Details - The acquisition involves issuing convertible bonds and cash payments to eight parties holding the stake in Jiangsu Kedasitern, with a total transaction price of 332 million yuan [3][4] - The estimated value of 100% equity of Jiangsu Kedasitern is 505 million yuan, with a net asset value of 247 million yuan as of December 31, 2024, indicating an asset appreciation of 258 million yuan, or 104.06% [3][4] - The performance commitment includes net profits of no less than 47 million yuan, 56 million yuan, and 65 million yuan for the years 2025, 2026, and 2027, respectively [4] Group 2: Business Transformation and Market Potential - The acquisition will allow Linyi Intelligent Manufacturing to quickly enter the automotive interior parts industry, enhancing its product matrix and customer base [5] - The company plans to leverage its overseas operational experience to assist Jiangsu Kedasitern in expanding its manufacturing capabilities in line with downstream clients [5] - Linyi Intelligent Manufacturing aims to increase its R&D investment significantly, with a total of 9.327 billion yuan allocated for R&D from 2020 to 2024 [2][8] Group 3: Financial Performance and Growth - Linyi Intelligent Manufacturing has reported continuous revenue growth, achieving over 10 billion yuan in revenue for three consecutive quarters, with a 17.11% year-on-year increase in Q1 2025 [7] - The automotive and low-altitude economy business segment saw a revenue increase of 52.90% in 2024, reaching 2.117 billion yuan [7] - The company has established itself as a key supplier in the consumer electronics sector, providing components for major Apple products and expanding its capabilities in AI and XR wearable devices [6][8]