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Core Viewpoint - Qin'an Co., Ltd. announced a restructuring plan to acquire 99% equity of Yigao Optoelectronics, aiming to enhance its product matrix and create a dual business model for growth [4][6]. Group 1: Acquisition Details - The acquisition will be conducted through a combination of issuing shares and cash payments to 12 parties, including individuals and companies [4]. - The specific transaction price is yet to be determined, but it is expected not to constitute a major asset restructuring [4]. - Yigao Optoelectronics is projected to contribute nearly 40% to Qin'an's net profit in 2024, indicating a significant performance enhancement from the acquisition [4]. Group 2: Financial Performance of Yigao Optoelectronics - Yigao Optoelectronics reported revenues of 105 million yuan in 2023, 254 million yuan in 2024, and 78.92 million yuan in the first five months of 2025 [7]. - The net profits for the same periods were 29.92 million yuan, 67.10 million yuan, and 19.49 million yuan, respectively [7]. Group 3: Strategic Implications - The acquisition is expected to broaden Qin'an's product offerings, allowing it to provide a more comprehensive range of products to downstream customers, thereby increasing customer loyalty [6]. - The integration of automotive components and vacuum coating products aims to establish a dual-driven business model, creating a "second growth curve" for the company [6]. - The transaction is anticipated to enhance the asset scale, operating income, and net profit levels of Qin'an [6]. Group 4: Historical Performance of Qin'an Co., Ltd. - Since its listing in May 2017, Qin'an's revenue has fluctuated, with 2024 revenue projected at 1.6 billion yuan, up from 1.223 billion yuan in 2017 [10]. - The company's net profit has shown minimal growth, increasing from 180 million yuan in 2017 to an estimated 200 million yuan in 2024, with several years experiencing declines and losses [10]. Group 5: Market Position - As of June 27, prior to the suspension, Qin'an's market capitalization was 7.231 billion yuan, with shares set to resume trading on July 11 [10].