邦基科技净利连降3年现金流连负 拟买7家猪企复牌涨停

Core Viewpoint - Bangji Technology (603151.SH) has resumed trading with a limit-up increase of 9.99%, closing at 18.83 yuan, following the announcement of a major asset acquisition plan involving the purchase of 100% equity in several livestock companies and 80% equity in another company from Riverstone Farm Pte. Ltd. [1][2] Group 1: Transaction Details - The acquisition will be executed through a combination of issuing shares and cash payments, with the specific ratio to be determined through negotiations between the parties involved [1][2]. - The transaction is expected to constitute a significant asset restructuring and related party transaction, but will not qualify as a restructuring listing [2]. - The purchase price for the shares is set at 13.33 yuan per share, based on the average stock price over the 60 trading days prior to the pricing date [2]. Group 2: Business Transformation - Following the completion of the transaction, Bangji Technology plans to expand its business from solely pig feed research, production, and sales to a vertically integrated industry chain that includes feed production, pig farming, and sales [2]. - The acquired companies primarily engage in the breeding and sales of piglets and fat pigs, while the other company provides resources and technical management services for pig farming [2]. Group 3: Financial Performance of Acquired Companies - North Stream Agriculture reported a revenue of 4.68 million yuan in the first four months of 2025, with a net profit of 375.08 million yuan for the same period [3]. - Rui Dong Wei Li achieved a revenue of 10.23 million yuan in the first four months of 2025, with a net profit of 3.45 million yuan [4]. - Xin Mu Agriculture reported a revenue of 665.14 million yuan in the first four months of 2025, but incurred a net loss of 733.58 million yuan [5]. - Rui Dong Agriculture (Lijin) had a net loss of 1.81 million yuan in the first four months of 2025 [6]. - Rui Dong Agriculture (Shandong) reported a revenue of 2.96 million yuan and a net profit of 1.11 million yuan in the first four months of 2025 [7]. - Wei Li Agriculture reported a revenue of 2.62 million yuan and a net profit of 202.75 million yuan in the first four months of 2025 [8]. - Pai Si Dong achieved a revenue of 1.64 million yuan in the first four months of 2025, with a net profit of 387.91 million yuan [9]. Group 4: Bangji Technology's Financial Performance - In 2024, Bangji Technology achieved a revenue of 2.54 billion yuan, a year-on-year increase of 54.36%, but the net profit attributable to shareholders decreased by 40.24% to 50.13 million yuan [10][12]. - In the first quarter of 2025, Bangji Technology reported a revenue of 1.08 billion yuan, a significant year-on-year increase of 160.84%, with a net profit of 28 million yuan, up 37.71% [12][13].