估值2.3亿元，红棉股份欲控股亚洲食品：“喝”下“一股风油精味”的沙示汽水

Core Viewpoint - Hongmian Co., Ltd. plans to acquire over 39% equity in Guangzhou Asia Food Technology Co., Ltd. for approximately 90.28 million RMB, aiming to gain 100% voting rights and become the controlling shareholder of Asia Food [1][2]. Group 1: Acquisition Details - The acquisition involves Hongmian purchasing shares from the original shareholder, Guangzhou Nanye Yingyuan Investment Consulting Co., Ltd., while also obtaining voting rights from another shareholder, Guangzhou Eagle Money Food Group Co., Ltd. [2][3]. - The transaction is valued based on an income approach, with Asia Food's equity book value at 123 million RMB and an assessed value of 233 million RMB, resulting in an appraisal increment of 110 million RMB and an increase rate of 89.81% [2]. Group 2: Financial Performance - Asia Food's projected revenues for 2023 and 2024 are 197 million RMB and 175 million RMB, respectively, indicating a decline in both revenue and net profit for 2024 compared to 2023 [2]. - The net profit for Asia Food is expected to be 20.11 million RMB in 2023 and 16.57 million RMB in 2024, reflecting a downward trend [2]. Group 3: Brand and Market Position - Asia Food's flagship product, Asia Shashi soda, is a well-known beverage in Guangdong, often regarded as more significant than Coca-Cola in the region [1][4]. - The "Asia" brand has a history of over 70 years and is recognized as the third-largest carbonated beverage brand in South China, following Coca-Cola and Pepsi [5].