Core Viewpoint - The company, ZhiJian Electronics, plans to acquire a 51% stake in Ningbo Qixiang Information Technology Co., Ltd. for 383 million yuan, aiming to enhance its core business and expand into new markets [1][5]. Group 1: Acquisition Details - The acquisition price for the 51% stake in Ningbo Qixiang is set at 383 million yuan [1]. - Ningbo Qixiang, established in 2018, specializes in power line communication technology and provides charging communication control solutions to downstream customers and several domestic new energy vehicle companies [2]. - The assessed value of Ningbo Qixiang's total equity as of December 31, 2024, is 750 million yuan, reflecting an increase of 670 million yuan, with a growth rate of 835.02% [2]. Group 2: Performance Commitments - The transaction includes performance commitments, requiring Ningbo Qixiang to achieve net profits of no less than 40 million yuan, 50 million yuan, and 60 million yuan for the years 2025, 2026, and 2027, respectively [2]. - Historical data indicates Ningbo Qixiang's net profits for 2023 and 2024 were 11.84 million yuan and 29.54 million yuan, respectively, raising questions about its ability to sustain high growth and meet performance commitments [2]. Group 3: Financial Overview - As of December 31, 2024, ZhiJian Electronics' total assets are projected to be approximately 135.76 million yuan, with total liabilities of about 22.48 million yuan, resulting in a net asset value of around 113.28 million yuan [3]. - For the fiscal year 2024, ZhiJian Electronics anticipates revenues of approximately 98.99 million yuan and a net profit of about 29.63 million yuan, showing significant growth from the previous year [3]. Group 4: Strategic Rationale - The acquisition is part of ZhiJian Electronics' strategy to focus on its core business and actively expand into new areas, aiming to integrate resources and enhance competitive advantages [3][5]. - The company plans to collaborate with Ningbo Qixiang to develop a power consumption optimization system and new products, targeting the emerging consumer battery market to drive future growth [3][5]. Group 5: Market Performance - Following the announcement, ZhiJian Electronics' stock rose by 2.37%, closing at 45.76 yuan per share, with a total market capitalization of approximately 4.52 billion yuan [5].
溢价835%！紫建电子拟收购宁波启象51%股权，业绩承诺能否兑现？