佳禾智能：公司在收购拜雅后将形成“制造+品牌”的发展格局，有助于公司拓宽产品和技术布局

Core Viewpoint - The acquisition of 122 million euros by Jiahe Intelligent raises concerns among investors regarding the decision-making process, especially given the company's current focus on mid-to-low-end markets while attempting to integrate a high-end brand [2]. Group 1: Acquisition Details - Jiahe Intelligent announced its acquisition of the high-end audio brand Beyerdynamic, which is recognized for its strong brand heritage and global presence in professional audio products [2]. - The acquisition is part of Jiahe Intelligent's strategy to enhance its operational quality, expand its scale, and strengthen its capabilities in response to supportive policies for mergers and acquisitions in the technology and innovation sectors [2]. Group 2: Strategic Goals - The company aims to transition from an ODM model to developing its own brand, thereby increasing business value and enhancing its market position [2]. - By acquiring Beyerdynamic, Jiahe Intelligent intends to create a "manufacturing + brand" development model, which will help diversify its product and technology offerings and accelerate its globalization efforts [2]. Group 3: Long-term Vision - This acquisition aligns with Jiahe Intelligent's long-term development plan, which focuses on sustainable, stable, and healthy growth while creating greater value for shareholders [2].