KDXC(SZ:002669) Chang Jiang Shang Bao·2025-08-18 00:21Core Viewpoint - Kangda New Materials (002669.SH) is making a significant move in its "new materials + electronic technology" strategy by planning to acquire 51% of Chengdu Zhongke Huamei Electronics Co., Ltd. for 275 million yuan, which will make Zhongke Huamei a subsidiary of Kangda New Materials [1][2]. Group 1: Acquisition Details - The acquisition involves a cash payment of 275 million yuan, and it has been approved by the company's board without requiring shareholder voting [2]. - After the acquisition, Zhongke Huamei will be included in the consolidated financial statements of Kangda New Materials [2]. - Zhongke Huamei has committed to achieving net profits of no less than 40 million, 50 million, and 60 million yuan for the years 2025 to 2027, respectively [3]. Group 2: Strategic Implications - The acquisition is aimed at expanding Kangda New Materials' presence in the semiconductor integrated circuit sector, particularly in special integrated circuit design and testing, which is expected to create new profit growth points and enhance the company's profitability and sustainability [1][3]. - The existing semiconductor materials business of Kangda, such as CMP polishing liquids and sputtering targets, will synergize with Zhongke Huamei's integrated circuit design business, contributing to a complete industry chain from design to manufacturing and packaging testing [3]. Group 3: Financial Performance and Future Outlook - Kangda New Materials anticipates turning a profit in the first half of 2025, projecting a net profit of 50 to 55 million yuan, compared to a loss in the previous year [1][6]. - The company reported a revenue of 877 million yuan in the first quarter of 2025, marking a year-on-year increase of 63.74%, with a net profit growth of 125.70% [6]. - The sales of adhesive and specialty resin products have steadily increased, driven by strong demand in the wind power sector, which has become a key growth driver for the company's business [6].