煌上煌拟溢价收购立兴食品 布局冻干食品赛道

Group 1 - The core point of the article is that Huangshanghuang plans to acquire 51% of Lixing Food for 494.7 million yuan, which will make Lixing a subsidiary and included in consolidated financial statements [1] - The acquisition comes with a significant premium, with Lixing Food's assessed value at 978 million yuan, representing a 217.89% increase over its book value of 307.65 million yuan [1] - The assessed value of Lixing Food's net assets is 977 million yuan, which is 252.58% higher than the consolidated net assets of 277.38 million yuan [1] Group 2 - Lixing Food shows strong growth potential, with a revenue of 251 million yuan and a net profit of 41.88 million yuan in the first half of 2025, nearing the full-year net profit of 42.22 million yuan for 2024 [2] - The original shareholders of Lixing Food have committed to a performance guarantee, ensuring net profits of at least 75 million yuan, 89 million yuan, and 100 million yuan for the years 2025 to 2027, totaling 264 million yuan [2] Group 3 - The acquisition is expected to create business synergies, allowing Huangshanghuang to leverage Lixing's freeze-drying technology to develop new products [3] - Lixing Food operates 37 freeze-drying production lines with an annual capacity of nearly 6,000 tons of various freeze-dried products, positioning it among the top in the market [3] - The partnership will enable Huangshanghuang to access new markets and diversify its consumer base, particularly in the growing freeze-dried food sector, which is projected to grow at a CAGR of 8.35% from 2024 to 2030 [3] Group 4 - The acquisition is viewed as a strategic move to enter the health-conscious and convenient food market, aligning with the evolving consumer preferences of the "Z generation" [4]