邦基科技拟购7家公司收2连板 饲料养殖一体化或助破局突围

Core Viewpoint - Company Bangji Technology (603151.SH) is planning a large-scale acquisition to enter the pig farming sector by acquiring seven companies, marking a significant asset restructuring [1][2][3] Group 1: Acquisition Details - The acquisition involves purchasing 100% of the shares of six companies and 80% of one company, with the payment structure combining share issuance and cash [4] - The targeted companies primarily engage in pig breeding and sales, while one company provides technical management services for pig farming [4][5] - The acquisition aims to create a vertically integrated industry chain from feed production to pig farming and sales [5][8] Group 2: Financial Performance - Bangji Technology's net profit has been declining from 2022 to 2024, with figures of 1.20 billion, 0.84 billion, and 0.50 billion respectively [7] - In the first quarter of this year, the company reported a revenue of 10.76 billion, a year-on-year increase of 160.84%, and a net profit of 0.28 billion, up 37.71% [7] - The seven targeted companies collectively generated a net profit of approximately 48 million in the first four months of this year, with five of them being profitable [9][10] Group 3: Market Context - The pig farming market is experiencing a recovery, and the demand for high-quality pork products is increasing, which may provide a new profit growth point for the company [8] - The move to expand downstream is seen as a strategy to mitigate the limited profit margins and intense price competition in the feed industry [8][10] - The company has established a strong market position in the feed industry but faces challenges in the unfamiliar pig farming sector [10]