拟4.95亿元收购立兴食品51%股权 煌上煌布局冻干食品赛道

Core Viewpoint - The company, Huangshanghuang, plans to acquire a 51% stake in Lixing Food for 494.7 million RMB, aiming to enhance its competitive edge and diversify its product offerings in response to evolving consumer demands [2][3][4]. Group 1: Transaction Details - The acquisition will grant Huangshanghuang controlling interest in Lixing Food, which will become a subsidiary included in the company's consolidated financial statements [3]. - The transaction price reflects a valuation of Lixing Food at 970 million RMB for 100% equity, with the acquisition price for 51% set at 494.7 million RMB [4][5]. - The funding for this transaction will come from the company's own or self-raised funds, ensuring no disruption to normal business operations [5]. Group 2: Company and Market Position - Lixing Food, established in 2006, specializes in OEM/ODM services and has a diverse product range including freeze-dried foods, beverages, and infant products, recognized as a leading manufacturer in the freeze-dried food sector [3][4]. - The company operates 37 freeze-drying production lines with an annual capacity of nearly 6,000 tons of freeze-dried products and 10,000 tons of plant extracts and concentrates, positioning it among the top in market share nationally [4]. - Financial projections indicate Lixing Food is expected to generate revenues of 415 million RMB in 2024 and 251 million RMB in the first half of 2025, with net profits of approximately 42.2 million RMB and 41.9 million RMB respectively [4]. Group 3: Strategic Implications - The acquisition aligns with Huangshanghuang's strategy to diversify its product portfolio and tap into new consumer markets, particularly in sectors like aerospace, military, and outdoor activities, which utilize freeze-dried foods [5]. - The performance commitment for the acquisition stipulates that Lixing Food must achieve a cumulative net profit of at least 264 million RMB over three years from 2025 to 2027, averaging 88 million RMB annually [5].