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帝科股份:收购浙江索特加快产业整合升级事宜又进一步

Core Viewpoint - The acquisition of Zhejiang Suote by Dike Co., Ltd. is a strategic move to enhance industry integration and upgrade, aligning with the ongoing "anti-involution" trend in the photovoltaic industry [1][4]. Group 1: Acquisition Details - Dike Co., Ltd. announced the cash acquisition of 60% equity in Zhejiang Suote, with a supplementary agreement to protect the interests of minority shareholders [1]. - The performance commitment from the controlling shareholder, Mr. Shi Weili, includes a net profit guarantee of no less than 68.1 million yuan, 90.8 million yuan, and 128.1 million yuan for the years 2025, 2026, and 2027 respectively, totaling a minimum of 287 million yuan [2]. Group 2: Technological Synergy - The acquisition will allow Dike Co. to gain control over the Solamet photovoltaic silver paste business, which has a strong technological foundation and a history of innovation [2][3]. - Solamet's advanced technologies, such as the Pb-Te-O patented glass material and LECO laser carrier injection technology, are expected to enhance Dike's product offerings and market competitiveness [3]. Group 3: Market Context and Growth Strategy - The photovoltaic industry has faced challenges such as overcapacity and price wars, prompting a shift towards high-quality development as emphasized by recent government policies [4]. - Dike Co. aims to optimize its business structure by acquiring quality assets, positioning itself to seize growth opportunities in a recovering market [4]. - The company is also exploring high-copper paste solutions to reduce costs and mitigate the impact of silver price fluctuations, which is expected to open new growth avenues [5].