ANCHE TECHNOLOGIES(SZ:300572) 3 6 Ke·2025-08-12 11:59Group 1: Core Insights - The recent surge in the stock price of A-share company, Aowei New Materials, is attributed to the acquisition of its controlling stake by Zhiyuan Robotics, marking it as the "king of gains" with over 800% increase [1] - A notable reverse acquisition case involves Xirui Technology, which is in the process of an IPO, acquiring the controlling stake of Anche Detection, showcasing a rare dual-track asset securitization approach in the current A-share market [1][4] - Xirui Technology's acquisition strategy is highlighted as a "textbook operation," achieving control of a company valued over 6 billion yuan for only 322 million yuan through a combination of equity acquisition and voting rights delegation [1][3] Group 2: Financial Performance - An investor focus on performance is evident as Anche Detection has reported continuous losses since 2022, raising concerns about whether Xirui Technology can improve its financial situation post-acquisition [1][5] - Anche Detection's revenue figures from 2022 to 2024 show stagnation, with revenues of 448 million yuan, 462 million yuan, and 448 million yuan, while net losses have increased significantly [5] - Xirui Technology, on the other hand, has shown revenue growth from 489 million yuan in 2022 to 846 million yuan in 2024, but it only turned profitable in 2024 after previous losses [6] Group 3: Strategic Implications - The acquisition allows Xirui Technology to leverage its strengths in investment management and industry planning to enhance Anche Detection's operational efficiency and profitability [7] - Potential synergies between Xirui Technology's sensor applications and Anche Detection's vehicle inspection services could provide new business opportunities to help the latter recover from losses [7] - Xirui Technology's diverse shareholder base, including state-owned enterprises and well-known investment institutions, may offer significant support to Anche Detection post-acquisition [7]