TARRY(SZ:300976) Chang Jiang Shang Bao·2025-08-03 23:32Core Viewpoint - Darui Electronics is expanding its industrial chain and enhancing market competitiveness through the acquisition of an 80% stake in Dongguan Weiste New Material Technology Co., Ltd. for approximately 164 million yuan [1][2]. Group 1: Acquisition Details - The company plans to invest 30 million yuan in the new registered capital of Weiste and acquire 76.5714% of its shares for 134 million yuan, resulting in an 80% ownership post-transaction [2]. - Weiste, established in June 2018, specializes in carbon fiber products used in consumer electronics, including foldable screens for major brands like Huawei and Samsung [2][3]. - The acquisition aims to extend Darui's strategic layout into upstream lightweight material ecosystems, solidifying its core competitiveness in composite materials [3]. Group 2: Financial Performance - In 2024, Weiste achieved revenues of 183 million yuan and a net profit of approximately 16.57 million yuan, with the first half of 2025 showing a net profit of 30.26 million yuan, 1.83 times that of the same period in 2024 [3]. - As of the end of Q1 2025, Darui Electronics had cash reserves of 1.194 billion yuan and minimal debt of 5.41 million yuan, indicating strong financial health [3]. - The company has reported consistent positive cash flow from operating activities for eight consecutive years [3]. Group 3: Business Strategy and Growth - Darui Electronics focuses on the dual drivers of "consumer electronics + new energy," continuously enhancing its industrial layout and technological innovation [1][4]. - The company has established a diverse product application ecosystem through a strategy centered on major clients and innovation in materials, processes, and manufacturing systems [4]. - In 2024, Darui reported revenues of 2.566 billion yuan, a year-on-year increase of 83.55%, and a net profit of 242 million yuan, up 229.47% [5].