SGT(SZ:002808) Zheng Quan Zhi Xing·2025-07-18 11:23Core Viewpoint - Suzhou Hengjiu Optoelectronics Technology Co., Ltd. is conducting an investment involving the entire equity value of Shanghai Jingxin Technology Co., Ltd., with the assessment of the equity value being 212 million yuan (approximately 21.2 million) based on the income approach, which better reflects the intangible assets' contributions to profitability compared to the asset-based approach [1][2]. Group 1: Valuation Methodology - The asset-based approach is limited in accurately quantifying the contributions of intangible assets such as talent, product advantages, customer relationships, sales networks, management capabilities, and goodwill [1]. - The income approach provides a more objective, scientific, and reasonable reflection of the equity value by estimating the present value of expected future earnings [1]. Group 2: Investment Agreement - On December 1, 2022, the assessed entity signed an investment agreement with Zhejiang Chuangzhi New Energy Co., Ltd., where Zhejiang Chuangzhi invested 10 million yuan for a 5.2083% equity stake [3]. - The agreement stipulates that 5 million yuan of the investment must be paid within ten days after the completion of industrial and commercial changes, with the remaining 5 million yuan to be paid within 18 months after the completion of the next round of SPA agreement [3]. - The investment agreement's related obligations were fulfilled, with Zhejiang Chuangzhi paying the remaining 5 million yuan by November 15, 2024, which will increase the assessment result by 5 million yuan [3].