泛亚微透: 泛亚微透关于对参股公司增资暨关联交易的公告

Core Viewpoint - Jiangsu Panyam Micro透 Technology Co., Ltd. plans to increase capital in its associate company Changzhou Lingtian New Energy Technology Co., Ltd. with a total investment of 86 million RMB, consisting of 40 million RMB in cash and 46 million RMB in fixed and intangible assets related to the TRT cable film business, resulting in a controlling stake of 51% in Lingtian [1][3][14] Group 1: Investment Details - The capital increase will raise Lingtian's registered capital from 45.71633 million RMB to 68.04610 million RMB, with Panyam's shareholding increasing from 27.07% to 51.00% [3][14] - The investment is based on the company's overall development strategy and business needs, with an independent valuation conducted for both the target company and the assets involved [2][8] - The valuation of Lingtian's equity was determined using the income approach, resulting in a value of 175.4 million RMB, with a significant increase in value compared to previous assessments [9][19] Group 2: Related Party Transactions - The investment constitutes a related party transaction due to the ownership structure involving the actual controller's family members, but it does not meet the criteria for a major asset restructuring [4][20] - The transaction was approved by the board of directors and requires further approval from the shareholders' meeting [2][20] Group 3: Financial Performance of Target Company - As of December 31, 2024, Lingtian reported total assets of approximately 370.73 million RMB and total liabilities of about 304.44 million RMB, resulting in net assets of approximately 66.29 million RMB [6] - Lingtian's revenue for 2024 was approximately 86.27 million RMB, with a net profit of about 4.86 million RMB, indicating a decline in profitability compared to the previous year [6][18] Group 4: Strategic Implications - The transaction is expected to enhance the synergy between Panyam and Lingtian, allowing for an expansion of product lines and applications, thereby improving market competitiveness [3][16] - The partnership aims to leverage Lingtian's high-end cable products in emerging sectors such as new energy vehicles and aerospace, aligning with Panyam's strategic goals [16][19]