申科股份: 江海证券有限公司关于深圳汇理鸿晟产业控股企业（有限合伙）要约收购申科滑动轴承股份有限公司之独立财务顾问报告

Group 1 - The core point of the news is the acquisition of Shinko Sliding Bearing Co., Ltd. by Shenzhen Huili Hongsheng Industrial Holdings (Limited Partnership), which involves a public tender offer to acquire shares from other shareholders [3][4][11] - Shenzhen Huili plans to acquire 86,587,534 shares at a price of 16.13 yuan per share, totaling a maximum funding requirement of approximately 1.40 billion yuan [4][14] - The acquisition will result in Shenzhen Huili holding 41.89% of Shinko's shares, making it the controlling shareholder [3][12] Group 2 - The acquisition process began with a public solicitation for buyers on April 29, 2025, leading to a competitive bidding process where Shenzhen Huili emerged as the buyer [3][11] - The acquisition is structured to comply with legal obligations, ensuring that it does not aim to terminate Shinko's listing status [4][20] - The funding for the acquisition is sourced from Shenzhen Huili's own funds and loans from its controlling entity, Shandong Hongsheng [14][15] Group 3 - Shinko's financial data shows a total asset value of approximately 60.93 billion yuan as of March 2025, with a total liability of about 18.89 billion yuan [21][22] - The company reported a net profit of 86.03 million yuan for the first quarter of 2025, indicating a recovery from previous losses [22] - The acquisition is expected to enhance Shenzhen Huili's investment portfolio and strengthen its market position in the industry [11][20]