Enpower(SZ:300681) Zheng Quan Zhi Xing·2025-07-02 16:25Core Viewpoint - Zhuhai Yingboer Electric Co., Ltd. plans to transfer its equity in Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd., necessitating an asset valuation report to determine the market value of the entire equity held by the shareholders as of March 31, 2025 [1][2]. Summary by Sections Company Overview - Zhuhai Yingboer Electric Co., Ltd. is a publicly listed company established on January 14, 2005, with a registered capital of 255.83 million yuan. The company specializes in manufacturing and selling power electronic components and electric vehicle accessories [2][3]. - Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. was established on November 4, 2016, with a registered capital of 129 million yuan. It is a wholly-owned subsidiary of Zhuhai Yingboer Electric Co., Ltd. [3][4]. Valuation Purpose and Methodology - The valuation aims to provide a market value reference for the equity transfer of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. The valuation employs the asset-based approach and income approach, focusing on the company's ongoing operations and market conditions [1][2][3]. - The assessment date for the valuation is set for March 31, 2025, and the valuation type is determined to be market value [1][2][3]. Financial Overview - As of the assessment date, the total assets of Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. are valued at 129.35 million yuan, with total liabilities of 0.1325 million yuan, resulting in a net asset value of 129.22 million yuan [2][3][4]. - The valuation report indicates a significant increase in the assessed value of non-current assets, with a total assessed value of 202.63 million yuan compared to a book value of 92.96 million yuan, reflecting an increase of 117.99% [2][3]. Valuation Results - The final assessed value of the entire equity held by shareholders in Zhuhai Dingyuan New Energy Vehicle Electric Research Institute Co., Ltd. is 238.90 million yuan, representing an increase of 109.68 million yuan and a growth rate of 84.88% [2][3]. - The valuation does not account for control premiums or discounts due to lack of control, nor does it consider the liquidity of the equity [2][3].