8连板重演？先导电科火速再嫁 “新东家”衢州发展回应

Core Viewpoint - The company Quzhou Development plans to acquire shares of Xian Dao Electronics Technology Co., Ltd. through issuing shares and intends to purchase remaining equity from other shareholders, marking its first acquisition since rebranding [2][6]. Group 1: Acquisition Details - Quzhou Development announced the acquisition plan on July 29, with stock suspension starting from July 30, expected to last no more than 10 trading days [2]. - Xian Dao Electronics is a core subsidiary of Xian Dao Group, focusing on the R&D, production, and recycling of sputtering targets and evaporation materials for vacuum coating [6]. - Guangdong Xian Dao Rare Materials Co., Ltd. holds 46.957% of Xian Dao Electronics, with other shareholders including BYD and Shanghai Semiconductor Equipment Materials Industry Investment Fund [6]. Group 2: Financial Background - Xian Dao Electronics has completed two significant financing rounds, raising 1.4 billion yuan in 2021 and 4.5 billion yuan in 2022, with a post-investment valuation exceeding 14 billion yuan and 21 billion yuan respectively [6]. - The latest valuation of Xian Dao Electronics in 2024 is reported to be 21 billion yuan [6]. - Quzhou Development's recent financial performance has been underwhelming, with a revenue of 16.485 billion yuan in 2024, down 4.21% year-on-year, and a net profit of 1.016 billion yuan, down 37.74% year-on-year [7]. Group 3: Market Reactions and Previous Attempts - A previous attempt by Guangzhi Technology to acquire Xian Dao Electronics in October 2024 was terminated, which had led to a significant stock price increase for Guangzhi Technology [6][7]. - The termination of the previous acquisition was attributed to factors such as pricing and market valuation [7]. - Quzhou Development's management indicated that the previous acquisition's valuation may not significantly impact the current transaction, as it requires further confirmation [7].