北交所最大规模现金收购案出炉

Core Viewpoint - Keda Control plans to acquire 51% of Haitu Technology for 209.1 million yuan, marking the first acquisition of a New Third Board company by a North Exchange listed company and the largest cash acquisition in this context [1][3] Company Overview - Haitu Technology, established in April 2013, focuses on artificial intelligence and machine vision technology, with products including embedded audio and video modules and industrial cameras, serving sectors like smart mining and military [2] - Keda Control, founded in November 2000, specializes in smart mining and industrial internet, having completed its IPO on the North Exchange in 2021 [2] Financial Performance - In 2023 and 2024, Haitu Technology is projected to achieve revenues of approximately 137 million yuan and 145 million yuan, with net profits of 41.83 million yuan and 41.65 million yuan respectively [2] - Keda Control's revenues for 2023 and 2024 are expected to be 426 million yuan and 434 million yuan, with net profits of 55.15 million yuan and 34.51 million yuan [3] - By Q1 2025, Keda Control reported revenues of 67.41 million yuan but incurred a net loss of 6.14 million yuan [3] Strategic Implications - The acquisition is expected to enhance Keda Control's profitability and operational efficiency, leveraging the strengths of both companies [3][5] - This transaction reflects the North Exchange's role in facilitating new pathways for New Third Board companies and enhancing market competitiveness through mergers and acquisitions [3][4] Performance Commitments - Haitu Technology's original shareholders have committed to achieving net profits of no less than 38 million yuan in 2025, 42 million yuan in 2026, and 46 million yuan in 2027, or a cumulative net profit of at least 126 million yuan over three years [4] - If these performance targets are not met, the original shareholders are obligated to compensate Keda Control [4] Resource Integration - The acquisition aims to integrate resources from both companies, enhancing product performance and market share [5] - Keda Control plans to strengthen internal controls and management of Haitu Technology post-acquisition to mitigate potential risks [5]