SANAN(SH:600703) Mei Ri Jing Ji Xin Wen·2025-08-01 14:31Core Viewpoint - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million, aiming to enhance its product line in automotive lighting and special application packaging modules [1][6]. Group 1: Acquisition Details - The acquisition will be conducted in partnership with Inari Amertron Berhad, with Sanan contributing 74.5% and Inari 25.5% to a total investment of $280 million to establish a joint venture in Hong Kong [1]. - Post-acquisition, Sanan will indirectly hold 74.5% of Lumileds and include it in its consolidated financial statements [1]. Group 2: Lumileds Company Profile - Lumileds specializes in mid-to-high-end LED products for automotive lighting, camera flashlights, and specialty lighting, possessing a complete production process and diverse product range [1]. - The company claims that one in every two cars in Europe and one in every three cars globally is equipped with its lighting devices [2]. Group 3: Financial Performance - Lumileds reported a revenue of $589 million in 2024 with a net loss of $67 million, and for Q1 of the same year, it achieved a revenue of $141 million with a net loss of $17 million [6]. - Sanan Optoelectronics reported a revenue of 16.106 billion yuan in 2024, a year-on-year increase of 14.61%, but its net profit decreased by 31.02% to 253 million yuan [7].