WXQC(SZ:000559) Zhong Guo Jing Ying Bao·2025-07-21 12:38Core Viewpoint - Wanxiang Qianchao is in the process of acquiring 100% equity of Wanxiang America Corp. from its controlling shareholder, Wanxiang Group, but has not made significant progress in over a year of planning [3][4][5] Group 1: Acquisition Progress - The acquisition process began on April 17, 2024, with Wanxiang Qianchao announcing a suspension of trading and signing a cooperation intention agreement with Wanxiang Group [4] - As of now, the company has issued 13 progress announcements regarding the acquisition, with the latest on July 5, indicating ongoing due diligence and negotiations [5][6] - Investors have shown significant interest, with the stock price experiencing a cumulative increase of 20.94% over two consecutive trading days in May [5] Group 2: Financial Performance - Wanxiang America Corp. (WAC) reported net profits of $121 million in 2022 and $98 million in 2023, indicating a decline in profitability [5] - Wanxiang Qianchao's revenue for 2024 was reported at 12.868 billion yuan, a decrease of 11.17% year-on-year, while net profit increased by 15.76% to 951 million yuan [7] - The company's asset-liability ratio has been on the rise, reaching 58.07% in 2024, up from 47.78% in 2021 [8] Group 3: Strategic Focus - The company is diversifying its business into low-altitude economy and humanoid robotics, with ongoing development in these areas [8][9] - Future acquisitions will focus on bearings and chassis strategies, targeting sectors such as new energy vehicles, intelligent chassis, humanoid robots, and low-altitude economy [9]