RTGF(SH:605133) Zheng Quan Shi Bao Wang·2025-08-05 13:50Core Viewpoint - Rongtai Co., Ltd. plans to acquire 51% of Zhongshan Audo Electronic Technology Co., Ltd. for a total price of 288 million yuan, which will make Audo a subsidiary of Rongtai [1][2] Group 1: Acquisition Details - The acquisition price of 288 million yuan is based on an assessed market value of 569 million yuan for Audo, reflecting an increase of 38.5 million yuan in net asset value, with a growth rate of 210.04% compared to the parent company's net assets [2] - The acquisition is expected to create significant synergies as both companies operate in the automotive parts sector, with Rongtai leveraging its established customer relationships to expand Audo's client base [2] Group 2: Business Overview of Zhongshan Audo - Zhongshan Audo specializes in manufacturing automotive components, including smart electric pedals, electric struts, smart side door systems, and body domain controllers, with the smart electric pedal holding the largest market share in China [1] - Audo has established a strong client portfolio, including major domestic automakers such as Li Auto, Geely, and Chery, and is expanding its international presence with projects in North America and Malaysia [1] Group 3: Performance Commitments - Audo has committed to achieving a net profit of no less than 45 million yuan in 2025, 55 million yuan in 2026, and 60 million yuan in both 2027 and 2028, totaling a minimum net profit of 220 million yuan over four years [2]