Investment Overview - The company, through its wholly-owned subsidiary Jiangsu Zhichi Zhiyuan Holdings Co., Ltd., plans to acquire a 62.45% stake in Chongqing Junge Electronics Technology Co., Ltd. for a total investment of 36,666,667 RMB at a price of 7 RMB per registered capital unit [1][2][3] Investment Details - The acquisition involves signing multiple agreements including the Capital Increase Agreement, Share Transfer Agreement, Shareholders Agreement, and Transition Service Agreement [1][2] - The total transfer amount for the stake is 25,666,667 RMB, with the shareholding structure changing post-transaction [3][4] Financial Performance - Junge Electronics reported a net profit of 29,898,400 RMB for the fiscal year 2024, exceeding the performance target by over 80% [3][5] - The financial data as of March 31, 2025, shows total assets of 979,511,200 RMB and total liabilities of 595,635,800 RMB, indicating a healthy financial position [5] Valuation Assessment - The valuation of Junge Electronics was conducted using both income and market approaches, with the income approach yielding a total equity value of 685,000,000 RMB, reflecting an 80.63% increase over the audited book value [6][7] - The market approach provided a slightly higher valuation of 694,000,000 RMB, with a difference of 9,000,000 RMB between the two methods [6][7] Business Operations - Junge Electronics specializes in the research, development, production, and sales of ultrasonic radar, visual sensors, and body controllers, having established itself as a first-tier supplier for major automotive manufacturers in China [4][5] - The company aims to integrate sales, research, and production in the intelligent driving sector, focusing on ultrasonic and visual sensing technologies [4][5]
中际旭创: 对外投资进展公告