Jing Ji Guan Cha Wang·2025-06-23 10:04Core Viewpoint - The company Xinhau Optoelectronics plans to transfer 100% equity of its wholly-owned subsidiary Anhui Xinguang to Luxshare Precision, aiming to optimize its industrial layout and focus on its core business of glass protective screens while developing independent frequency modulation energy storage projects [1][4]. Group 1: Company Overview - Xinhau Optoelectronics, established in 2013, specializes in the research and manufacturing of precision optical components, with glass protective screens widely used in smart devices [2]. - Anhui Xinguang was acquired by Xinhau Optoelectronics in May 2023, but it has not shown significant improvement in performance, reporting a net loss of 40.52 million yuan in 2023 [2][3]. Group 2: Financial Performance - In 2024, Xinhau Optoelectronics reported a revenue of 1.687 billion yuan, a decrease of 2.72% year-on-year, and a net loss of 353 million yuan, a decline of 972.54% [2]. - For Q1 2025, the company achieved a revenue of 421 million yuan, continuing its trend of increasing losses with a net loss of 105 million yuan [3]. Group 3: Industry Context - The photovoltaic industry is currently facing challenges, including overcapacity, intense price competition, and declining profitability, which have adversely affected Anhui Xinguang's performance [2][5]. - The acquisition of Anhui Xinguang by Luxshare Precision is seen as a move to "support" Xinhau Optoelectronics during this industry downturn [5]. Group 4: Transaction Details - The transfer of Anhui Xinguang to Luxshare Precision constitutes a related party transaction due to the familial ties between the controlling shareholders of both companies [4]. - Analysts suggest that if the transaction is completed, it would indicate a failure of Xinhau Optoelectronics' previous diversification efforts and a need to refocus on its core business [4].