Core Viewpoint - The company is undergoing a restructuring process involving the acquisition of 100% equity in Beijing Banshinet Technology Co., Ltd. and is addressing inquiries from the Shenzhen Stock Exchange regarding the sustainability of the target asset's operations and the legality of its electronic copyright certification services [1][2][3]. Group 1: Target Asset's Business Model - The target asset focuses on providing electronic copyright certification services to mobile application developers, with revenue from this service accounting for 88.36% and 95.37% of total revenue in the respective reporting periods, and maintaining gross margins of 96.56% and 98.17% [2][3]. - The electronic copyright certification service is designed to meet the copyright protection needs of software developers, providing a certificate that serves as proof of copyright for applications on distribution platforms [2][3][10]. - The company has established a blockchain-based system for electronic copyright certification, which enhances the efficiency of the certification process and meets the market demand for rapid verification [10][11]. Group 2: Regulatory Compliance and Market Position - The company has obtained necessary licenses and regulatory approvals from relevant authorities, including the Ministry of Industry and Information Technology and the National Internet Information Office, ensuring compliance with legal requirements for its operations [16][22][27]. - The electronic copyright certification service aligns with national policies aimed at promoting high-quality development in the copyright industry and leveraging blockchain technology for copyright protection [14][15][22]. - The service has been recognized and accepted by major mobile application distribution platforms, establishing a solid market position and demonstrating its compliance with industry standards [15][33]. Group 3: Financial Implications and Future Outlook - The acquisition will result in a significant increase in goodwill, representing 41.04% of the net assets attributable to the parent company as of the end of 2024 [2][3]. - The company is expected to enhance its operational sustainability through this acquisition, addressing potential risks associated with market competition and regulatory changes [4][11].
创业黑马: 民生证券股份有限公司关于深圳证券交易所《关于创业黑马科技集团股份有限公司发行股份及支付现金购买资产并募集配套资金申请的审核问询函》回复之核查意见