Core Viewpoint - The company Xin Hong Ye plans to acquire a 62% stake in Yangzhou Shuguang Optical Control Co., Ltd, which has led to a significant drop in its stock price following the announcement [1][2] Group 1: Stock Performance - On August 20, Xin Hong Ye's stock price fell by 6.86%, closing at 43.01 yuan per share, with a total market value of 5.873 billion yuan [1] - The stock opened slightly lower at 1.62% and experienced fluctuations, dropping over 9% at one point during the trading session [1] - The total trading volume for the day was 381 million yuan [1] Group 2: Acquisition Details - Xin Hong Ye announced its intention to acquire 62% of Yangzhou Shuguang, consisting of 48% from Dingkong Electromechanical and 14% from Shuguang Blue Wind Qi [1] - The estimated valuation for 100% of Yangzhou Shuguang is 510 million yuan, with the final transaction price to be determined by an asset appraisal report [1] - The acquisition will be conducted in cash and will not involve the issuance of new shares [1] Group 3: Performance Commitments - The transferors have committed to performance targets, with a net profit of 25 million yuan for 2025 and increasing targets for 2026 (30 million yuan), 2027 (35 million yuan), and 2028 (40 million yuan), totaling at least 105 million yuan over the performance commitment period [2] - Yangzhou Shuguang's net profits for 2022 to 2025 (Q1) were approximately 35.66 million yuan, 37.75 million yuan, 20.62 million yuan, and 4.55 million yuan, respectively [2] Group 4: Strategic Implications - Xin Hong Ye's main downstream sectors include new energy vehicles, photovoltaics, and special cables for military applications, indicating a strategic alignment with Yangzhou Shuguang's products [2] - The acquisition is expected to enhance Xin Hong Ye's product offerings and market reach, particularly in the military sector, by leveraging the synergies between the two companies' products [2]
鑫宏业收跌6.86%，报43.01元/股