QA(SH:603758) Zheng Quan Shi Bao Wang·2025-07-10 13:47Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% equity of Anhui Yigao Optoelectronics Co., Ltd. through a combination of share issuance and cash payment, aiming to strategically enter the high-end vacuum coating industry, which has high growth potential and good profitability [1][2][3] Group 1: Acquisition Details - The acquisition involves 12 counterparties, with the share issuance price set at no less than 80% of the average trading price over the previous 20 trading days, which is 12.74 yuan per share [1] - Qin'an Co. intends to raise matching funds not exceeding 100% of the transaction price for the asset acquisition [1] Group 2: Business and Market Position - Qin'an Co. is currently a primary supplier of core components for engine and transmission systems, with a production capacity of one million units annually [1] - The company aims to cultivate a second growth curve by expanding into the high-end vacuum coating sector, which is aligned with global trends in automotive electrification and intelligence [2] Group 3: Yigao Optoelectronics Overview - Yigao Optoelectronics specializes in high-end vacuum coating, with products applicable in consumer electronics, smart vehicles, and industrial displays [2] - The company's advanced coating technologies have been adopted by leading domestic brands in high-end smartphones and wearable devices, with applications expanding into smart automotive displays [2] Group 4: Strategic Benefits - The transaction is expected to enhance Qin'an Co.'s business structure and market reach, improving its overall risk resistance [3] - Post-acquisition, the company plans to leverage synergies in customer resources, sales channels, brand development, and technology research and development with Yigao Optoelectronics [3] Group 5: Performance Commitments - The counterparties have made performance commitments for Yigao Optoelectronics, with net profits projected to be no less than 70 million yuan, 80 million yuan, and 90 million yuan for the years 2025, 2026, and 2027 respectively, totaling a minimum of 240 million yuan over three years [3]